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%11.3%
1 years$136,255$135,042$133,858$132,702$131,573$130,854
2 years$67,453$66,197$64,979$63,799$62,654$61,928
3 years$44,522$43,260$42,046$40,877$39,750$39,040
4 years$33,059$31,801$30,599$29,449$28,350$27,662
5 years$26,183$24,932$23,746$22,620$21,551$20,886
6 years$21,600$20,359$19,190$18,089$17,053$16,412
7 years$18,328$17,098$15,947$14,872$13,869$13,252
8 years$15,875$14,656$13,524$12,476$11,505$10,914
9 years$13,968$12,761$11,649$10,627$9,689$9,122
10 years$12,444$11,248$10,156$9,160$8,256$7,713
11 years$11,197$10,013$8,941$7,972$7,100$6,581
12 years$10,159$8,987$7,935$6,993$6,153$5,657
13 years$9,281$8,122$7,089$6,174$5,365$4,893
14 years$8,530$7,383$6,370$5,480$4,703$4,253
15 years$7,879$6,744$5,751$4,887$4,141$3,713
16 years$7,310$6,188$5,214$4,376$3,660$3,253
17 years$6,809$5,699$4,745$3,932$3,245$2,859
18 years$6,363$5,266$4,331$3,543$2,885$2,519
19 years$5,966$4,880$3,965$3,202$2,572$2,225
20 years$5,608$4,535$3,639$2,900$2,297$1,969
21 years$5,285$4,224$3,347$2,632$2,056$1,746
22 years$4,991$3,943$3,085$2,393$1,843$1,550
23 years$4,724$3,688$2,848$2,179$1,654$1,378
24 years$4,479$3,455$2,634$1,988$1,487$1,226
25 years$4,254$3,243$2,440$1,815$1,338$1,093
26 years$4,047$3,048$2,263$1,660$1,205$974
27 years$3,855$2,868$2,101$1,519$1,086$870
28 years$3,677$2,703$1,953$1,392$980$777
29 years$3,512$2,550$1,818$1,276$885$694
30 years$3,359$2,408$1,693$1,171$800$621
31 years$3,215$2,276$1,578$1,076$723$555
32 years$3,081$2,154$1,473$989$654$497
33 years$2,955$2,040$1,375$909$592$445
34 years$2,837$1,933$1,285$837$536$399
35 years$2,725$1,834$1,201$770$485$357
36 years$2,621$1,740$1,124$709$440$320
37 years$2,522$1,653$1,052$653$399$287
38 years$2,428$1,571$985$602$361$257
39 years$2,340$1,494$923$555$328$231
40 years$2,256$1,421$865$512$297$207
41 years$2,176$1,353$811$473$270$186
42 years$2,101$1,288$761$436$245$167
43 years$2,029$1,228$714$403$222$150
44 years$1,960$1,170$670$372$202$134
45 years$1,895$1,116$629$343$183$121
46 years$1,833$1,064$591$317$166$108
47 years$1,774$1,016$555$293$151$97
48 years$1,717$970$522$271$137$87
49 years$1,663$926$490$250$124$78
50 years$1,611$885$461$231$113$70

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 $6,334 every year, while hoping to spend $26,362 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: 44/34/22 Blend
50$1,650,000$1,650,000$1,650,000$1,650,000
51$1,824,834$1,737,384$1,711,809$1,893,244
52$1,982,918$1,794,466$1,741,105$1,999,299
53$2,156,243$1,853,463$1,770,500$2,111,127
54$2,346,336$1,914,438$1,799,968$2,231,810
55$2,554,878$1,977,462$1,829,482$2,362,181
56$2,783,722$2,042,604$1,859,016$2,503,159
57$3,034,907$2,109,938$1,888,540$2,655,751
58$3,310,682$2,179,539$1,918,020$2,821,066
59$3,613,522$2,251,487$1,947,424$3,000,327
60$3,946,154$2,325,862$1,976,715$3,194,876
61$4,311,581$2,402,749$2,005,855$3,406,190
62$4,713,114$2,482,236$2,034,803$3,635,898
63$5,154,399$2,564,412$2,063,516$3,885,789
64$5,639,452$2,649,373$2,091,948$4,157,834
65$6,172,699$2,737,215$2,120,051$4,454,202
66$6,759,015$2,828,038$2,147,773$4,777,282
67$7,403,770$2,921,948$2,175,059$5,129,703
68$8,112,884$3,019,053$2,201,853$5,514,361
69$8,892,876$3,119,465$2,228,093$5,934,443
70$9,750,931$3,223,300$2,253,716$6,393,459
71$10,694,963$3,330,679$2,278,652$6,895,275
72$11,733,694$3,441,726$2,302,831$7,444,148
73$12,876,732$3,556,572$2,326,178$8,044,767
74$14,134,665$3,675,351$2,348,611$8,702,295
75$15,519,160$3,798,202$2,370,049$9,422,419
76$17,043,070$3,925,269$2,390,401$10,211,404
77$18,720,559$4,056,703$2,409,575$11,076,150
78$20,567,233$4,192,659$2,427,473$12,024,257
79$22,600,289$4,333,298$2,443,992$13,064,098
80$24,838,675$4,478,787$2,459,023$14,204,895
81$27,303,272$4,629,299$2,472,451$15,456,809
82$30,017,085$4,785,014$2,484,158$16,831,031
83$33,005,467$4,946,119$2,494,017$18,339,894
84$36,296,354$5,112,807$2,501,895$19,996,980
85$39,920,526$5,285,280$2,507,653$21,817,257
86$43,911,906$5,463,745$2,511,146$23,817,212
87$48,307,871$5,648,418$2,512,219$26,015,011
88$53,149,607$5,839,524$2,510,712$28,430,670
89$58,482,503$6,037,296$2,506,457$31,086,240
90$64,356,570$6,241,976$2,499,275$34,006,018
91$70,826,921$6,453,813$2,488,981$37,216,773
92$77,954,286$6,673,069$2,475,381$40,748,001
93$85,805,587$6,900,014$2,458,271$44,632,203
94$94,454,570$7,134,928$2,437,436$48,905,186
95$103,982,499$7,378,102$2,412,653$53,606,407
96$114,478,924$7,629,839$2,383,686$58,779,343
97$126,042,525$7,890,452$2,350,292$64,471,898
98$138,782,047$8,160,269$2,312,211$70,736,858
99$152,817,321$8,439,627$2,269,174$77,632,385
100$168,280,396$8,728,877$2,220,900$85,222,571