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

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$136,255$135,042$133,858$132,702$131,573$129,075
2 years$67,453$66,197$64,979$63,799$62,654$60,147
3 years$44,522$43,260$42,046$40,877$39,750$37,312
4 years$33,059$31,801$30,599$29,449$28,350$26,000
5 years$26,183$24,932$23,746$22,620$21,551$19,296
6 years$21,600$20,359$19,190$18,089$17,053$14,895
7 years$18,328$17,098$15,947$14,872$13,869$11,808
8 years$15,875$14,656$13,524$12,476$11,505$9,542
9 years$13,968$12,761$11,649$10,627$9,689$7,822
10 years$12,444$11,248$10,156$9,160$8,256$6,483
11 years$11,197$10,013$8,941$7,972$7,100$5,419
12 years$10,159$8,987$7,935$6,993$6,153$4,562
13 years$9,281$8,122$7,089$6,174$5,365$3,861
14 years$8,530$7,383$6,370$5,480$4,703$3,284
15 years$7,879$6,744$5,751$4,887$4,141$2,803
16 years$7,310$6,188$5,214$4,376$3,660$2,401
17 years$6,809$5,699$4,745$3,932$3,245$2,061
18 years$6,363$5,266$4,331$3,543$2,885$1,774
19 years$5,966$4,880$3,965$3,202$2,572$1,530
20 years$5,608$4,535$3,639$2,900$2,297$1,321
21 years$5,285$4,224$3,347$2,632$2,056$1,143
22 years$4,991$3,943$3,085$2,393$1,843$989
23 years$4,724$3,688$2,848$2,179$1,654$858
24 years$4,479$3,455$2,634$1,988$1,487$744
25 years$4,254$3,243$2,440$1,815$1,338$646
26 years$4,047$3,048$2,263$1,660$1,205$561
27 years$3,855$2,868$2,101$1,519$1,086$488
28 years$3,677$2,703$1,953$1,392$980$424
29 years$3,512$2,550$1,818$1,276$885$369
30 years$3,359$2,408$1,693$1,171$800$321
31 years$3,215$2,276$1,578$1,076$723$280
32 years$3,081$2,154$1,473$989$654$244
33 years$2,955$2,040$1,375$909$592$212
34 years$2,837$1,933$1,285$837$536$185
35 years$2,725$1,834$1,201$770$485$161
36 years$2,621$1,740$1,124$709$440$141
37 years$2,522$1,653$1,052$653$399$123
38 years$2,428$1,571$985$602$361$107
39 years$2,340$1,494$923$555$328$93
40 years$2,256$1,421$865$512$297$81
41 years$2,176$1,353$811$473$270$71
42 years$2,101$1,288$761$436$245$62
43 years$2,029$1,228$714$403$222$54
44 years$1,960$1,170$670$372$202$47
45 years$1,895$1,116$629$343$183$41
46 years$1,833$1,064$591$317$166$36
47 years$1,774$1,016$555$293$151$31
48 years$1,717$970$522$271$137$27
49 years$1,663$926$490$250$124$24
50 years$1,611$885$461$231$113$21

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 $6,658 every year, while hoping to spend $36,456 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: 53/40/7 Blend
50$1,650,000$1,650,000$1,650,000$1,650,000
51$1,825,168$1,737,718$1,712,143$1,918,497
52$1,972,546$1,784,077$1,730,711$2,028,840
53$2,133,735$1,831,486$1,748,679$2,144,270
54$2,310,105$1,879,958$1,765,988$2,268,967
55$2,503,164$1,929,505$1,782,578$2,403,814
56$2,714,575$1,980,138$1,798,382$2,549,782
57$2,946,166$2,031,870$1,813,332$2,707,939
58$3,199,953$2,084,709$1,827,357$2,879,460
59$3,478,154$2,138,666$1,840,379$3,065,640
60$3,783,214$2,193,748$1,852,320$3,267,905
61$4,117,824$2,249,964$1,863,095$3,487,824
62$4,484,949$2,307,319$1,872,615$3,727,125
63$4,887,854$2,365,819$1,880,789$3,987,710
64$5,330,137$2,425,466$1,887,517$4,271,675
65$5,815,761$2,486,263$1,892,698$4,581,328
66$6,349,089$2,548,210$1,896,224$4,919,211
67$6,934,931$2,611,307$1,897,982$5,288,124
68$7,578,582$2,675,550$1,897,854$5,691,150
69$8,285,880$2,740,934$1,895,714$6,131,687
70$9,063,251$2,807,452$1,891,432$6,613,477
71$9,917,780$2,875,093$1,884,872$7,140,643
72$10,857,267$2,943,847$1,875,889$7,717,727
73$11,890,310$3,013,697$1,864,333$8,349,732
74$13,026,380$3,084,627$1,850,047$9,042,172
75$14,275,912$3,156,615$1,832,864$9,801,120
76$15,650,403$3,229,637$1,812,613$10,633,269
77$17,162,519$3,303,664$1,789,111$11,545,993
78$18,826,219$3,378,666$1,762,169$12,547,417
79$20,656,879$3,454,607$1,731,587$13,646,493
80$22,671,444$3,531,445$1,697,158$14,853,085
81$24,888,582$3,609,138$1,658,664$16,178,062
82$27,328,865$3,687,633$1,615,877$17,633,404
83$30,014,959$3,766,877$1,568,559$19,232,307
84$32,971,839$3,846,807$1,516,459$20,989,315
85$36,227,024$3,927,359$1,459,318$22,920,454
86$39,810,838$4,008,457$1,396,863$25,043,385
87$43,756,693$4,090,021$1,328,808$27,377,569
88$48,101,409$4,171,964$1,254,855$29,944,452
89$52,885,553$4,254,191$1,174,693$32,767,666
90$58,153,831$4,336,598$1,087,997$35,873,254
91$63,955,502$4,419,072$994,426$39,289,917
92$70,344,848$4,501,492$893,624$43,049,281
93$77,381,684$4,583,725$785,221$47,186,199
94$85,131,918$4,665,631$668,829$51,739,079
95$93,668,182$4,747,055$544,043$56,750,248
96$103,070,508$4,827,832$410,439$62,266,352
97$113,427,088$4,907,784$267,578$68,338,793
98$124,835,107$4,986,721$114,997$75,024,218
99$137,401,654$5,064,437$0$82,385,056
100$151,244,741$5,140,713$0$90,493,676