Can I retire at age 51 with 1,650,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$136,255$135,042$133,858$132,702$131,573$127,977
2 years$67,453$66,197$64,979$63,799$62,654$59,057
3 years$44,522$43,260$42,046$40,877$39,750$36,266
4 years$33,059$31,801$30,599$29,449$28,350$25,004
5 years$26,183$24,932$23,746$22,620$21,551$18,353
6 years$21,600$20,359$19,190$18,089$17,053$14,006
7 years$18,328$17,098$15,947$14,872$13,869$10,973
8 years$15,875$14,656$13,524$12,476$11,505$8,759
9 years$13,968$12,761$11,649$10,627$9,689$7,090
10 years$12,444$11,248$10,156$9,160$8,256$5,800
11 years$11,197$10,013$8,941$7,972$7,100$4,784
12 years$10,159$8,987$7,935$6,993$6,153$3,972
13 years$9,281$8,122$7,089$6,174$5,365$3,316
14 years$8,530$7,383$6,370$5,480$4,703$2,779
15 years$7,879$6,744$5,751$4,887$4,141$2,338
16 years$7,310$6,188$5,214$4,376$3,660$1,973
17 years$6,809$5,699$4,745$3,932$3,245$1,668
18 years$6,363$5,266$4,331$3,543$2,885$1,414
19 years$5,966$4,880$3,965$3,202$2,572$1,200
20 years$5,608$4,535$3,639$2,900$2,297$1,020
21 years$5,285$4,224$3,347$2,632$2,056$868
22 years$4,991$3,943$3,085$2,393$1,843$740
23 years$4,724$3,688$2,848$2,179$1,654$631
24 years$4,479$3,455$2,634$1,988$1,487$538
25 years$4,254$3,243$2,440$1,815$1,338$460
26 years$4,047$3,048$2,263$1,660$1,205$393
27 years$3,855$2,868$2,101$1,519$1,086$336
28 years$3,677$2,703$1,953$1,392$980$287
29 years$3,512$2,550$1,818$1,276$885$245
30 years$3,359$2,408$1,693$1,171$800$210
31 years$3,215$2,276$1,578$1,076$723$180
32 years$3,081$2,154$1,473$989$654$154
33 years$2,955$2,040$1,375$909$592$132
34 years$2,837$1,933$1,285$837$536$113
35 years$2,725$1,834$1,201$770$485$96
36 years$2,621$1,740$1,124$709$440$83
37 years$2,522$1,653$1,052$653$399$71
38 years$2,428$1,571$985$602$361$61
39 years$2,340$1,494$923$555$328$52
40 years$2,256$1,421$865$512$297$44
41 years$2,176$1,353$811$473$270$38
42 years$2,101$1,288$761$436$245$33
43 years$2,029$1,228$714$403$222$28
44 years$1,960$1,170$670$372$202$24
45 years$1,895$1,116$629$343$183$21
46 years$1,833$1,064$591$317$166$18
47 years$1,774$1,016$555$293$151$15
48 years$1,717$970$522$271$137$13
49 years$1,663$926$490$250$124$11
50 years$1,611$885$461$231$113$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,650,000, adding $6,317 every year, while hoping to spend $20,350 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: 52/41/7 Blend
50$1,650,000$1,650,000$1,650,000$1,650,000
51$1,824,816$1,737,366$1,711,791$1,916,264
52$1,989,295$1,800,845$1,747,484$2,042,527
53$2,169,869$1,866,752$1,783,690$2,177,020
54$2,368,158$1,935,185$1,820,406$2,322,789
55$2,585,946$2,006,245$1,857,626$2,480,900
56$2,825,201$2,080,039$1,895,344$2,652,526
57$3,088,087$2,156,677$1,933,554$2,838,954
58$3,376,991$2,236,274$1,972,248$3,041,601
59$3,694,542$2,318,949$2,011,416$3,262,023
60$4,043,636$2,404,828$2,051,049$3,501,935
61$4,427,463$2,494,041$2,091,135$3,763,219
62$4,849,539$2,586,723$2,131,663$4,047,947
63$5,313,736$2,683,017$2,172,618$4,358,399
64$5,824,322$2,783,070$2,213,986$4,697,082
65$6,385,999$2,887,036$2,255,750$5,066,756
66$7,003,946$2,995,076$2,297,893$5,470,457
67$7,683,870$3,107,357$2,340,394$5,911,526
68$8,432,061$3,224,053$2,383,233$6,393,641
69$9,255,447$3,345,348$2,426,388$6,920,848
70$10,161,663$3,471,430$2,469,832$7,497,603
71$11,159,121$3,602,498$2,513,539$8,128,809
72$12,257,090$3,738,759$2,557,482$8,819,866
73$13,465,784$3,880,429$2,601,628$9,576,716
74$14,796,456$4,027,732$2,645,945$10,405,903
75$16,261,507$4,180,904$2,690,397$11,314,631
76$17,874,602$4,340,190$2,734,946$12,310,834
77$19,650,797$4,505,844$2,779,552$13,403,246
78$21,606,682$4,678,135$2,824,171$14,601,487
79$23,760,541$4,857,340$2,868,758$15,916,149
80$26,132,517$5,043,751$2,913,262$17,358,899
81$28,744,809$5,237,670$2,957,632$18,942,582
82$31,621,879$5,439,415$3,001,812$20,681,349
83$34,790,680$5,649,316$3,045,742$22,590,784
84$38,280,915$5,867,719$3,089,360$24,688,051
85$42,125,314$6,094,983$3,132,600$26,992,057
86$46,359,944$6,331,484$3,175,389$29,523,625
87$51,024,548$6,577,617$3,217,655$32,305,694
88$56,162,923$6,833,791$3,259,317$35,363,533
89$61,823,328$7,100,434$3,300,291$38,724,974
90$68,058,947$7,377,994$3,340,490$42,420,678
91$74,928,381$7,666,938$3,379,819$46,484,424
92$82,496,212$7,967,754$3,418,179$50,953,419
93$90,833,604$8,280,952$3,455,466$55,868,657
94$100,018,977$8,607,064$3,491,569$61,275,296
95$110,138,749$8,946,647$3,526,373$67,223,089
96$121,288,150$9,300,280$3,559,755$73,766,846
97$133,572,119$9,668,573$3,591,585$80,966,955
98$147,106,300$10,052,157$3,621,728$88,889,947
99$162,018,127$10,451,697$3,650,040$97,609,121
100$178,448,030$10,867,885$3,676,370$107,205,236