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%13.3%
1 years$136,255$135,042$133,858$132,702$131,573$129,768
2 years$67,453$66,197$64,979$63,799$62,654$60,838
3 years$44,522$43,260$42,046$40,877$39,750$37,981
4 years$33,059$31,801$30,599$29,449$28,350$26,640
5 years$26,183$24,932$23,746$22,620$21,551$19,906
6 years$21,600$20,359$19,190$18,089$17,053$15,474
7 years$18,328$17,098$15,947$14,872$13,869$12,357
8 years$15,875$14,656$13,524$12,476$11,505$10,061
9 years$13,968$12,761$11,649$10,627$9,689$8,311
10 years$12,444$11,248$10,156$9,160$8,256$6,943
11 years$11,197$10,013$8,941$7,972$7,100$5,852
12 years$10,159$8,987$7,935$6,993$6,153$4,967
13 years$9,281$8,122$7,089$6,174$5,365$4,241
14 years$8,530$7,383$6,370$5,480$4,703$3,638
15 years$7,879$6,744$5,751$4,887$4,141$3,133
16 years$7,310$6,188$5,214$4,376$3,660$2,708
17 years$6,809$5,699$4,745$3,932$3,245$2,347
18 years$6,363$5,266$4,331$3,543$2,885$2,039
19 years$5,966$4,880$3,965$3,202$2,572$1,775
20 years$5,608$4,535$3,639$2,900$2,297$1,548
21 years$5,285$4,224$3,347$2,632$2,056$1,352
22 years$4,991$3,943$3,085$2,393$1,843$1,182
23 years$4,724$3,688$2,848$2,179$1,654$1,035
24 years$4,479$3,455$2,634$1,988$1,487$907
25 years$4,254$3,243$2,440$1,815$1,338$796
26 years$4,047$3,048$2,263$1,660$1,205$699
27 years$3,855$2,868$2,101$1,519$1,086$614
28 years$3,677$2,703$1,953$1,392$980$539
29 years$3,512$2,550$1,818$1,276$885$474
30 years$3,359$2,408$1,693$1,171$800$417
31 years$3,215$2,276$1,578$1,076$723$367
32 years$3,081$2,154$1,473$989$654$323
33 years$2,955$2,040$1,375$909$592$285
34 years$2,837$1,933$1,285$837$536$251
35 years$2,725$1,834$1,201$770$485$221
36 years$2,621$1,740$1,124$709$440$195
37 years$2,522$1,653$1,052$653$399$172
38 years$2,428$1,571$985$602$361$151
39 years$2,340$1,494$923$555$328$133
40 years$2,256$1,421$865$512$297$118
41 years$2,176$1,353$811$473$270$104
42 years$2,101$1,288$761$436$245$92
43 years$2,029$1,228$714$403$222$81
44 years$1,960$1,170$670$372$202$71
45 years$1,895$1,116$629$343$183$63
46 years$1,833$1,064$591$317$166$55
47 years$1,774$1,016$555$293$151$49
48 years$1,717$970$522$271$137$43
49 years$1,663$926$490$250$124$38
50 years$1,611$885$461$231$113$34

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 $3,354 every year, while hoping to spend $34,510 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: 81/6/13 Blend
50$1,650,000$1,650,000$1,650,000$1,650,000
51$1,821,760$1,734,310$1,708,735$1,964,563
52$1,970,861$1,782,572$1,729,259$2,107,061
53$2,134,014$1,832,044$1,749,314$2,258,607
54$2,312,615$1,882,746$1,768,848$2,423,953
55$2,508,203$1,934,701$1,787,806$2,604,466
56$2,722,471$1,987,934$1,806,129$2,801,653
57$2,957,286$2,042,465$1,823,757$3,017,172
58$3,214,701$2,098,318$1,840,625$3,252,848
59$3,496,979$2,155,514$1,856,664$3,510,696
60$3,806,613$2,214,075$1,871,804$3,792,930
61$4,146,346$2,274,024$1,885,969$4,101,993
62$4,519,204$2,335,382$1,899,079$4,440,574
63$4,928,516$2,398,169$1,911,051$4,811,636
64$5,377,951$2,462,405$1,921,797$5,218,443
65$5,871,550$2,528,111$1,931,226$5,664,593
66$6,413,765$2,595,305$1,939,239$6,154,046
67$7,009,500$2,664,007$1,945,735$6,691,169
68$7,664,159$2,734,233$1,950,607$7,280,771
69$8,383,693$2,806,000$1,953,742$7,928,150
70$9,174,660$2,879,325$1,955,023$8,639,147
71$10,044,284$2,954,220$1,954,325$9,420,193
72$11,000,525$3,030,701$1,951,519$10,278,377
73$12,052,152$3,108,779$1,946,468$11,221,509
74$13,208,827$3,188,464$1,939,029$12,258,195
75$14,481,194$3,269,765$1,929,053$13,397,918
76$15,880,981$3,352,690$1,916,383$14,651,125
77$17,421,113$3,437,243$1,900,853$16,029,332
78$19,115,826$3,523,428$1,882,292$17,545,223
79$20,980,810$3,611,245$1,860,518$19,212,780
80$23,033,350$3,700,693$1,835,342$21,047,406
81$25,292,492$3,791,768$1,806,567$23,066,076
82$27,779,224$3,884,463$1,773,985$25,287,494
83$30,516,670$3,978,766$1,737,378$27,732,274
84$33,530,311$4,074,666$1,696,520$30,423,128
85$36,848,222$4,172,144$1,651,173$33,385,085
86$40,501,341$4,271,180$1,601,088$36,645,726
87$44,523,759$4,371,748$1,546,006$40,235,444
88$48,953,038$4,473,820$1,485,653$44,187,731
89$53,830,572$4,577,361$1,419,746$48,539,495
90$59,201,970$4,682,331$1,347,987$53,331,405
91$65,117,492$4,788,686$1,270,066$58,608,282
92$71,632,520$4,896,376$1,185,657$64,419,512
93$78,808,082$5,005,344$1,094,421$70,819,522
94$86,711,426$5,115,525$996,005$77,868,288
95$95,416,657$5,226,851$890,036$85,631,903
96$105,005,432$5,339,243$776,128$94,183,200
97$115,567,734$5,452,614$653,877$103,602,440
98$127,202,722$5,566,871$522,860$113,978,071
99$140,019,661$5,681,909$382,638$125,407,561
100$154,138,959$5,797,616$232,749$137,998,320