Can I retire at age 51 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$135,430$134,223$133,046$131,898$130,776$125,686
2 years$67,044$65,796$64,586$63,412$62,274$57,208
3 years$44,252$42,998$41,791$40,629$39,509$34,626
4 years$32,858$31,608$30,413$29,271$28,178$23,515
5 years$26,024$24,781$23,602$22,483$21,421$16,990
6 years$21,469$20,236$19,074$17,980$16,950$12,753
7 years$18,217$16,994$15,850$14,782$13,784$9,822
8 years$15,779$14,567$13,442$12,400$11,436$7,703
9 years$13,884$12,683$11,578$10,562$9,630$6,121
10 years$12,368$11,180$10,094$9,105$8,206$4,914
11 years$11,129$9,953$8,887$7,924$7,057$3,975
12 years$10,098$8,933$7,887$6,950$6,116$3,236
13 years$9,225$8,073$7,046$6,136$5,333$2,646
14 years$8,478$7,338$6,331$5,447$4,675$2,173
15 years$7,831$6,703$5,716$4,858$4,116$1,789
16 years$7,266$6,150$5,182$4,350$3,638$1,477
17 years$6,767$5,664$4,716$3,908$3,225$1,222
18 years$6,325$5,234$4,305$3,522$2,868$1,013
19 years$5,929$4,851$3,941$3,182$2,556$840
20 years$5,574$4,507$3,617$2,882$2,283$698
21 years$5,253$4,199$3,327$2,616$2,043$581
22 years$4,961$3,919$3,066$2,378$1,832$483
23 years$4,695$3,666$2,831$2,166$1,644$402
24 years$4,452$3,434$2,618$1,976$1,478$335
25 years$4,228$3,223$2,425$1,804$1,330$279
26 years$4,022$3,029$2,249$1,650$1,198$233
27 years$3,832$2,851$2,088$1,510$1,080$194
28 years$3,655$2,686$1,941$1,383$974$162
29 years$3,491$2,534$1,807$1,269$880$135
30 years$3,338$2,393$1,683$1,164$795$113
31 years$3,196$2,262$1,569$1,069$719$94
32 years$3,062$2,141$1,464$983$650$79
33 years$2,937$2,027$1,367$904$588$66
34 years$2,819$1,921$1,277$831$533$55
35 years$2,709$1,822$1,194$765$483$46
36 years$2,605$1,730$1,117$705$437$38
37 years$2,506$1,643$1,045$650$396$32
38 years$2,413$1,561$979$599$359$27
39 years$2,325$1,485$917$552$326$22
40 years$2,242$1,412$860$509$295$19
41 years$2,163$1,345$806$470$268$16
42 years$2,088$1,281$756$434$243$13
43 years$2,017$1,220$710$400$221$11
44 years$1,949$1,163$666$370$200$9
45 years$1,884$1,109$625$341$182$8
46 years$1,822$1,058$587$315$165$6
47 years$1,763$1,010$552$291$150$5
48 years$1,707$964$519$269$136$4
49 years$1,653$920$487$249$124$4
50 years$1,601$879$458$230$112$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,640,000, adding $3,635 every year, while hoping to spend $42,023 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: 65/10/25 Blend
50$1,640,000$1,640,000$1,640,000$1,640,000
51$1,811,030$1,724,110$1,698,690$1,916,700
52$1,951,042$1,763,879$1,710,883$2,028,170
53$2,103,928$1,804,188$1,722,077$2,144,915
54$2,270,955$1,845,020$1,732,194$2,271,569
55$2,453,521$1,886,354$1,741,150$2,409,110
56$2,653,162$1,928,168$1,748,861$2,558,615
57$2,871,573$1,970,436$1,755,236$2,721,270
58$3,110,616$2,013,130$1,760,179$2,898,384
59$3,372,346$2,056,220$1,763,592$3,091,398
60$3,659,022$2,099,672$1,765,369$3,301,900
61$3,973,134$2,143,447$1,765,401$3,531,642
62$4,317,423$2,187,506$1,763,571$3,782,554
63$4,694,910$2,231,803$1,759,760$4,056,762
64$5,108,918$2,276,290$1,753,840$4,356,612
65$5,563,113$2,320,913$1,745,679$4,684,686
66$6,061,527$2,365,614$1,735,136$5,043,833
67$6,608,606$2,410,332$1,722,065$5,437,192
68$7,209,243$2,454,998$1,706,314$5,868,223
69$7,868,833$2,499,539$1,687,722$6,340,740
70$8,593,314$2,543,877$1,666,121$6,858,946
71$9,389,231$2,587,926$1,641,335$7,427,473
72$10,263,792$2,631,594$1,613,180$8,051,430
73$11,224,940$2,674,784$1,581,463$8,736,444
74$12,281,424$2,717,388$1,545,981$9,488,720
75$13,442,882$2,759,293$1,506,525$10,315,096
76$14,719,935$2,800,377$1,462,872$11,223,108
77$16,124,282$2,840,510$1,414,793$12,221,066
78$17,668,815$2,879,550$1,362,044$13,318,124
79$19,367,735$2,917,350$1,304,374$14,524,376
80$21,236,692$2,953,747$1,241,518$15,850,947
81$23,292,925$2,988,572$1,173,200$17,310,095
82$25,555,433$3,021,641$1,099,131$18,915,336
83$28,045,144$3,052,759$1,019,009$20,681,564
84$30,785,123$3,081,718$932,520$22,625,195
85$33,800,780$3,108,296$839,334$24,764,323
86$37,120,114$3,132,258$739,106$27,118,891
87$40,773,978$3,153,350$631,478$29,710,880
88$44,796,366$3,171,306$516,075$32,564,514
89$49,224,735$3,185,841$392,503$35,706,494
90$54,100,361$3,196,650$260,355$39,166,249
91$59,468,724$3,203,412$119,204$42,976,211
92$65,379,939$3,205,784$0$47,172,127
93$71,889,229$3,203,403$0$51,801,779
94$79,057,442$3,195,882$0$56,934,684
95$86,951,633$3,182,812$0$62,586,994
96$95,645,685$3,163,756$0$68,811,590
97$105,221,019$3,138,253$0$75,666,740
98$115,767,350$3,105,815$0$83,216,658
99$127,383,541$3,065,921$0$91,532,102
100$140,178,532$3,018,022$0$100,691,048