Can I retire at age 51 with 1,620,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$133,778$132,586$131,424$130,289$129,181$127,726
2 years$66,227$64,993$63,798$62,639$61,515$60,050
3 years$43,713$42,474$41,282$40,133$39,028$37,598
4 years$32,458$31,223$30,042$28,914$27,835$26,452
5 years$25,707$24,479$23,314$22,209$21,160$19,828
6 years$21,207$19,989$18,841$17,760$16,743$15,463
7 years$17,995$16,787$15,657$14,602$13,616$12,390
8 years$15,586$14,389$13,279$12,249$11,296$10,122
9 years$13,714$12,528$11,437$10,434$9,513$8,392
10 years$12,217$11,043$9,971$8,994$8,106$7,036
11 years$10,994$9,831$8,778$7,827$6,971$5,952
12 years$9,974$8,824$7,790$6,866$6,041$5,072
13 years$9,113$7,974$6,960$6,061$5,268$4,347
14 years$8,375$7,248$6,254$5,381$4,618$3,744
15 years$7,736$6,622$5,646$4,798$4,066$3,238
16 years$7,177$6,075$5,119$4,297$3,593$2,810
17 years$6,685$5,595$4,658$3,860$3,186$2,445
18 years$6,248$5,170$4,252$3,479$2,833$2,134
19 years$5,857$4,791$3,893$3,144$2,525$1,866
20 years$5,506$4,452$3,573$2,847$2,255$1,634
21 years$5,189$4,147$3,286$2,584$2,018$1,434
22 years$4,900$3,871$3,029$2,349$1,809$1,260
23 years$4,638$3,621$2,797$2,140$1,624$1,108
24 years$4,397$3,392$2,586$1,951$1,460$976
25 years$4,177$3,184$2,395$1,782$1,314$860
26 years$3,973$2,992$2,222$1,630$1,183$758
27 years$3,785$2,816$2,063$1,492$1,067$669
28 years$3,611$2,653$1,918$1,367$963$591
29 years$3,449$2,503$1,785$1,253$869$522
30 years$3,298$2,364$1,662$1,150$785$462
31 years$3,157$2,235$1,550$1,056$710$409
32 years$3,025$2,115$1,446$971$642$361
33 years$2,901$2,003$1,350$893$581$320
34 years$2,785$1,898$1,261$821$526$283
35 years$2,676$1,800$1,179$756$477$251
36 years$2,573$1,709$1,103$696$432$222
37 years$2,476$1,623$1,033$642$391$197
38 years$2,384$1,542$967$591$355$174
39 years$2,297$1,467$906$545$322$155
40 years$2,215$1,395$849$503$292$137
41 years$2,137$1,328$796$464$265$121
42 years$2,062$1,265$747$428$240$108
43 years$1,992$1,205$701$395$218$95
44 years$1,925$1,149$658$365$198$85
45 years$1,861$1,095$618$337$180$75
46 years$1,800$1,045$580$311$163$67
47 years$1,742$997$545$288$148$59
48 years$1,686$952$512$266$135$52
49 years$1,633$909$481$246$122$46
50 years$1,582$868$453$227$111$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,620,000, adding $4,862 every year, while hoping to spend $37,745 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 31/48/21 Blend
50$1,620,000$1,620,000$1,620,000$1,620,000
51$1,790,255$1,704,395$1,679,285$1,833,936
52$1,932,701$1,747,750$1,695,381$1,910,730
53$2,088,411$1,791,964$1,710,751$1,989,601
54$2,258,698$1,837,040$1,725,330$2,073,717
55$2,445,009$1,882,979$1,739,053$2,163,557
56$2,648,935$1,929,780$1,751,846$2,259,651
57$2,872,230$1,977,443$1,763,636$2,362,580
58$3,116,823$2,025,963$1,774,344$2,472,984
59$3,384,841$2,075,337$1,783,886$2,591,572
60$3,678,625$2,125,559$1,792,177$2,719,119
61$4,000,754$2,176,621$1,799,124$2,856,483
62$4,354,068$2,228,512$1,804,631$3,004,610
63$4,741,694$2,281,220$1,808,598$3,164,539
64$5,167,079$2,334,732$1,810,918$3,337,417
65$5,634,018$2,389,031$1,811,480$3,524,510
66$6,146,692$2,444,097$1,810,169$3,727,209
67$6,709,705$2,499,908$1,806,860$3,947,051
68$7,328,131$2,556,440$1,801,426$4,185,728
69$8,007,558$2,613,664$1,793,732$4,445,107
70$8,754,144$2,671,548$1,783,637$4,727,244
71$9,574,671$2,730,058$1,770,993$5,034,407
72$10,476,612$2,789,155$1,755,645$5,369,095
73$11,468,197$2,848,795$1,737,431$5,734,063
74$12,558,499$2,908,931$1,716,180$6,132,350
75$13,757,508$2,969,511$1,691,714$6,567,305
76$15,076,234$3,030,478$1,663,847$7,042,618
77$16,526,807$3,091,769$1,632,383$7,562,361
78$18,122,593$3,153,316$1,597,119$8,131,021
79$19,878,314$3,215,046$1,557,839$8,753,544
80$21,810,197$3,276,877$1,514,322$9,435,384
81$23,936,117$3,338,724$1,466,331$10,182,554
82$26,275,771$3,400,492$1,413,624$11,001,682
83$28,850,862$3,462,079$1,355,943$11,900,075
84$31,685,304$3,523,374$1,293,021$12,885,790
85$34,805,446$3,584,261$1,224,578$13,967,708
86$38,240,322$3,644,610$1,150,322$15,155,621
87$42,021,924$3,704,285$1,069,947$16,460,321
88$46,185,504$3,763,139$983,134$17,893,708
89$50,769,905$3,821,013$889,548$19,468,901
90$55,817,930$3,877,737$788,843$21,200,360
91$61,376,743$3,933,129$680,653$23,104,027
92$67,498,314$3,986,996$564,598$25,197,477
93$74,239,911$4,039,128$440,281$27,500,082
94$81,664,639$4,089,303$307,288$30,033,198
95$89,842,036$4,137,282$165,186$32,820,367
96$98,848,727$4,182,812$13,522$35,887,540
97$108,769,148$4,225,621$0$39,263,324
98$119,696,345$4,265,420$0$43,012,488
99$131,732,847$4,301,901$0$47,141,951
100$144,991,638$4,334,734$0$51,687,110