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%16.2%
1 years$134,604$133,405$132,235$131,093$129,978$126,682
2 years$66,636$65,395$64,192$63,026$61,895$58,595
3 years$43,982$42,736$41,536$40,381$39,268$36,069
4 years$32,658$31,416$30,228$29,092$28,007$24,931
5 years$25,865$24,630$23,458$22,346$21,290$18,348
6 years$21,338$20,112$18,958$17,870$16,846$14,040
7 years$18,106$16,890$15,754$14,692$13,700$11,031
8 years$15,683$14,478$13,361$12,325$11,366$8,831
9 years$13,799$12,606$11,507$10,498$9,572$7,170
10 years$12,293$11,111$10,032$9,049$8,156$5,884
11 years$11,061$9,892$8,832$7,876$7,014$4,869
12 years$10,036$8,878$7,839$6,908$6,078$4,056
13 years$9,169$8,023$7,003$6,099$5,300$3,397
14 years$8,426$7,293$6,292$5,414$4,646$2,857
15 years$7,784$6,662$5,681$4,828$4,091$2,412
16 years$7,222$6,113$5,151$4,323$3,616$2,042
17 years$6,726$5,629$4,687$3,884$3,206$1,734
18 years$6,286$5,202$4,279$3,500$2,850$1,475
19 years$5,893$4,821$3,917$3,163$2,541$1,256
20 years$5,540$4,480$3,595$2,865$2,269$1,072
21 years$5,221$4,173$3,306$2,600$2,031$916
22 years$4,931$3,895$3,047$2,364$1,820$783
23 years$4,666$3,643$2,814$2,153$1,634$671
24 years$4,425$3,413$2,602$1,964$1,469$574
25 years$4,202$3,203$2,410$1,793$1,322$492
26 years$3,998$3,011$2,235$1,640$1,190$422
27 years$3,808$2,833$2,076$1,501$1,073$362
28 years$3,633$2,670$1,930$1,375$968$311
29 years$3,470$2,519$1,796$1,261$875$267
30 years$3,318$2,379$1,673$1,157$790$230
31 years$3,176$2,249$1,559$1,063$714$197
32 years$3,043$2,128$1,455$977$646$170
33 years$2,919$2,015$1,358$898$585$146
34 years$2,802$1,910$1,269$826$529$125
35 years$2,692$1,811$1,187$761$480$108
36 years$2,589$1,719$1,110$701$435$93
37 years$2,491$1,633$1,039$646$394$80
38 years$2,399$1,552$973$595$357$69
39 years$2,311$1,476$912$549$324$59
40 years$2,228$1,404$854$506$294$51
41 years$2,150$1,336$801$467$266$44
42 years$2,075$1,273$752$431$242$38
43 years$2,004$1,213$705$398$219$32
44 years$1,937$1,156$662$367$199$28
45 years$1,872$1,102$622$339$181$24
46 years$1,811$1,052$584$313$164$21
47 years$1,752$1,003$548$289$149$18
48 years$1,696$958$515$267$135$15
49 years$1,643$915$484$247$123$13
50 years$1,591$874$455$228$112$11

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 $5,647 every year, while hoping to spend $42,577 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: 47/40/13 Blend
50$1,630,000$1,630,000$1,630,000$1,630,000
51$1,802,085$1,715,695$1,690,430$1,879,976
52$1,940,596$1,754,462$1,701,758$1,973,181
53$2,091,808$1,793,702$1,712,038$2,069,449
54$2,256,972$1,833,393$1,721,191$2,172,984
55$2,437,464$1,873,511$1,729,132$2,284,477
56$2,634,801$1,914,028$1,735,773$2,404,692
57$2,850,650$1,954,915$1,741,021$2,534,466
58$3,086,849$1,996,138$1,744,778$2,674,725
59$3,345,422$2,037,664$1,746,942$2,826,489
60$3,628,596$2,079,450$1,747,406$2,990,880
61$3,938,826$2,121,456$1,746,057$3,169,135
62$4,278,812$2,163,633$1,742,775$3,362,620
63$4,651,531$2,205,931$1,737,439$3,572,837
64$5,060,260$2,248,295$1,729,916$3,801,444
65$5,508,609$2,290,664$1,720,070$4,050,266
66$6,000,554$2,332,973$1,707,760$4,321,316
67$6,540,475$2,375,153$1,692,834$4,616,814
68$7,133,195$2,417,127$1,675,135$4,939,206
69$7,784,028$2,458,814$1,654,500$5,291,187
70$8,498,830$2,500,126$1,630,756$5,675,729
71$9,284,046$2,540,969$1,603,723$6,096,109
72$10,146,783$2,581,240$1,573,211$6,555,938
73$11,094,865$2,620,832$1,539,024$7,059,198
74$12,136,915$2,659,626$1,500,955$7,610,277
75$13,282,431$2,697,498$1,458,787$8,214,014
76$14,541,877$2,734,313$1,412,295$8,875,742
77$15,926,782$2,769,929$1,361,241$9,601,341
78$17,449,850$2,804,191$1,305,378$10,397,292
79$19,125,074$2,836,936$1,244,448$11,270,741
80$20,967,874$2,867,988$1,178,179$12,229,564
81$22,995,239$2,897,162$1,106,290$13,282,445
82$25,225,888$2,924,257$1,028,485$14,438,955
83$27,680,445$2,949,061$944,456$15,709,646
84$30,381,634$2,971,349$853,879$17,106,151
85$33,354,494$2,990,879$756,418$18,641,292
86$36,626,616$3,007,395$651,720$20,329,203
87$40,228,397$3,020,624$539,420$22,185,467
88$44,193,335$3,030,276$419,132$24,227,260
89$48,558,338$3,036,043$290,456$26,473,514
90$53,364,077$3,037,597$152,974$28,945,102
91$58,655,363$3,034,589$6,249$31,665,029
92$64,481,577$3,026,651$0$34,658,655
93$70,897,131$3,013,390$0$37,974,787
94$77,961,982$2,994,390$0$41,625,666
95$85,742,199$2,969,210$0$45,644,458
96$94,310,582$2,937,380$0$50,068,672
97$103,747,355$2,898,405$0$54,939,652
98$114,140,917$2,851,759$0$60,302,961
99$125,588,680$2,796,884$0$66,208,818
100$138,197,984$2,733,191$0$72,712,572