Can I retire at age 51 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$134,604$133,405$132,235$131,093$129,978$127,825
2 years$66,636$65,395$64,192$63,026$61,895$59,731
3 years$43,982$42,736$41,536$40,381$39,268$37,163
4 years$32,658$31,416$30,228$29,092$28,007$25,975
5 years$25,865$24,630$23,458$22,346$21,290$19,338
6 years$21,338$20,112$18,958$17,870$16,846$14,976
7 years$18,106$16,890$15,754$14,692$13,700$11,912
8 years$15,683$14,478$13,361$12,325$11,366$9,660
9 years$13,799$12,606$11,507$10,498$9,572$7,947
10 years$12,293$11,111$10,032$9,049$8,156$6,610
11 years$11,061$9,892$8,832$7,876$7,014$5,547
12 years$10,036$8,878$7,839$6,908$6,078$4,687
13 years$9,169$8,023$7,003$6,099$5,300$3,984
14 years$8,426$7,293$6,292$5,414$4,646$3,401
15 years$7,784$6,662$5,681$4,828$4,091$2,916
16 years$7,222$6,113$5,151$4,323$3,616$2,507
17 years$6,726$5,629$4,687$3,884$3,206$2,162
18 years$6,286$5,202$4,279$3,500$2,850$1,869
19 years$5,893$4,821$3,917$3,163$2,541$1,619
20 years$5,540$4,480$3,595$2,865$2,269$1,404
21 years$5,221$4,173$3,306$2,600$2,031$1,220
22 years$4,931$3,895$3,047$2,364$1,820$1,061
23 years$4,666$3,643$2,814$2,153$1,634$924
24 years$4,425$3,413$2,602$1,964$1,469$806
25 years$4,202$3,203$2,410$1,793$1,322$703
26 years$3,998$3,011$2,235$1,640$1,190$614
27 years$3,808$2,833$2,076$1,501$1,073$536
28 years$3,633$2,670$1,930$1,375$968$468
29 years$3,470$2,519$1,796$1,261$875$410
30 years$3,318$2,379$1,673$1,157$790$358
31 years$3,176$2,249$1,559$1,063$714$313
32 years$3,043$2,128$1,455$977$646$274
33 years$2,919$2,015$1,358$898$585$240
34 years$2,802$1,910$1,269$826$529$210
35 years$2,692$1,811$1,187$761$480$184
36 years$2,589$1,719$1,110$701$435$161
37 years$2,491$1,633$1,039$646$394$141
38 years$2,399$1,552$973$595$357$124
39 years$2,311$1,476$912$549$324$109
40 years$2,228$1,404$854$506$294$95
41 years$2,150$1,336$801$467$266$83
42 years$2,075$1,273$752$431$242$73
43 years$2,004$1,213$705$398$219$64
44 years$1,937$1,156$662$367$199$56
45 years$1,872$1,102$622$339$181$49
46 years$1,811$1,052$584$313$164$43
47 years$1,752$1,003$548$289$149$38
48 years$1,696$958$515$267$135$33
49 years$1,643$915$484$247$123$29
50 years$1,591$874$455$228$112$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,630,000, adding $2,785 every year, while hoping to spend $22,363 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: 74/8/18 Blend
50$1,630,000$1,630,000$1,630,000$1,630,000
51$1,799,133$1,712,743$1,687,478$1,924,566
52$1,958,850$1,772,873$1,720,214$2,068,227
53$2,134,109$1,835,200$1,753,298$2,222,596
54$2,326,472$1,899,808$1,786,717$2,391,169
55$2,537,658$1,966,785$1,820,457$2,575,352
56$2,769,562$2,036,221$1,854,506$2,776,697
57$3,024,272$2,108,210$1,888,847$2,996,910
58$3,304,087$2,182,852$1,923,462$3,237,872
59$3,611,541$2,260,248$1,958,335$3,501,654
60$3,949,424$2,340,506$1,993,445$3,790,537
61$4,320,810$2,423,736$2,028,770$4,107,033
62$4,729,086$2,510,053$2,064,288$4,453,910
63$5,177,985$2,599,577$2,099,974$4,834,217
64$5,671,617$2,692,434$2,135,800$5,251,312
65$6,214,513$2,788,754$2,171,740$5,708,894
66$6,811,661$2,888,671$2,207,762$6,211,039
67$7,468,562$2,992,328$2,243,833$6,762,237
68$8,191,274$3,099,870$2,279,920$7,367,433
69$8,986,471$3,211,450$2,315,984$8,032,079
70$9,861,508$3,327,228$2,351,987$8,762,176
71$10,824,489$3,447,370$2,387,885$9,564,340
72$11,884,343$3,572,047$2,423,636$10,445,859
73$13,050,908$3,701,440$2,459,190$11,414,761
74$14,335,026$3,835,735$2,494,498$12,479,895
75$15,748,640$3,975,128$2,529,505$13,651,006
76$17,304,914$4,119,822$2,564,156$14,938,836
77$19,018,350$4,270,028$2,598,390$16,355,217
78$20,904,929$4,425,967$2,632,143$17,913,189
79$22,982,260$4,587,867$2,665,349$19,627,118
80$25,269,748$4,755,970$2,697,935$21,512,836
81$27,788,773$4,930,523$2,729,826$23,587,784
82$30,562,896$5,111,787$2,760,944$25,871,184
83$33,618,079$5,300,032$2,791,203$28,384,214
84$36,982,930$5,495,541$2,820,516$31,150,211
85$40,688,975$5,698,609$2,848,789$34,194,889
86$44,770,950$5,909,540$2,875,923$37,546,586
87$49,267,135$6,128,656$2,901,815$41,236,523
88$54,219,712$6,356,289$2,926,355$45,299,109
89$59,675,163$6,592,787$2,949,427$49,772,254
90$65,684,708$6,838,512$2,970,912$54,697,738
91$72,304,791$7,093,842$2,990,680$60,121,596
92$79,597,610$7,359,171$3,008,599$66,094,559
93$87,631,706$7,634,910$3,024,526$72,672,527
94$96,482,606$7,921,487$3,038,314$79,917,102
95$106,233,540$8,219,348$3,049,806$87,896,164
96$116,976,226$8,528,961$3,058,839$96,684,516
97$128,811,732$8,850,811$3,065,241$106,364,585
98$141,851,433$9,185,405$3,068,832$117,027,207
99$156,218,063$9,533,273$3,069,421$128,772,475
100$172,046,869$9,894,967$3,066,809$141,710,692