Can I retire at age 51 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$137,081$135,860$134,669$133,506$132,371$130,231
2 years$67,862$66,598$65,373$64,186$63,034$60,884
3 years$44,792$43,523$42,301$41,124$39,991$37,899
4 years$33,259$31,994$30,784$29,628$28,522$26,502
5 years$26,341$25,083$23,890$22,757$21,682$19,741
6 years$21,731$20,483$19,306$18,199$17,156$15,296
7 years$18,439$17,201$16,044$14,962$13,953$12,174
8 years$15,971$14,745$13,606$12,552$11,575$9,878
9 years$14,053$12,838$11,719$10,691$9,748$8,131
10 years$12,519$11,316$10,217$9,216$8,306$6,768
11 years$11,265$10,074$8,995$8,021$7,143$5,682
12 years$10,221$9,042$7,983$7,035$6,190$4,805
13 years$9,338$8,171$7,132$6,211$5,398$4,086
14 years$8,582$7,427$6,408$5,513$4,732$3,491
15 years$7,927$6,785$5,786$4,917$4,166$2,995
16 years$7,354$6,225$5,246$4,403$3,682$2,577
17 years$6,850$5,733$4,773$3,956$3,265$2,224
18 years$6,402$5,298$4,357$3,565$2,903$1,924
19 years$6,002$4,910$3,989$3,221$2,587$1,667
20 years$5,642$4,562$3,661$2,917$2,311$1,448
21 years$5,317$4,250$3,367$2,648$2,068$1,259
22 years$5,021$3,967$3,104$2,407$1,854$1,096
23 years$4,752$3,710$2,866$2,192$1,664$955
24 years$4,506$3,476$2,650$2,000$1,496$833
25 years$4,280$3,262$2,455$1,826$1,346$727
26 years$4,071$3,066$2,276$1,670$1,212$635
27 years$3,878$2,885$2,114$1,528$1,093$556
28 years$3,700$2,719$1,965$1,400$986$486
29 years$3,534$2,565$1,829$1,284$891$425
30 years$3,379$2,422$1,703$1,179$805$372
31 years$3,235$2,290$1,588$1,082$728$326
32 years$3,099$2,167$1,482$995$658$286
33 years$2,973$2,052$1,383$915$596$250
34 years$2,854$1,945$1,293$842$539$219
35 years$2,742$1,845$1,208$775$488$192
36 years$2,636$1,751$1,131$714$443$169
37 years$2,537$1,663$1,058$657$401$148
38 years$2,443$1,580$991$606$364$130
39 years$2,354$1,503$928$559$330$114
40 years$2,269$1,430$870$515$299$100
41 years$2,189$1,361$816$475$271$88
42 years$2,113$1,296$765$439$246$77
43 years$2,041$1,235$718$405$223$67
44 years$1,972$1,177$674$374$203$59
45 years$1,907$1,123$633$345$184$52
46 years$1,844$1,071$595$319$167$46
47 years$1,785$1,022$559$295$152$40
48 years$1,727$976$525$272$138$35
49 years$1,673$932$493$252$125$31
50 years$1,621$890$464$233$114$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,660,000, adding $3,560 every year, while hoping to spend $51,351 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: 65/8/27 Blend
50$1,660,000$1,660,000$1,660,000$1,660,000
51$1,832,992$1,745,012$1,719,282$1,938,880
52$1,965,320$1,775,881$1,722,241$2,041,704
53$2,109,425$1,806,541$1,723,578$2,148,009
54$2,266,453$1,836,928$1,723,184$2,263,069
55$2,437,666$1,866,973$1,720,946$2,387,751
56$2,624,455$1,896,601$1,716,745$2,523,012
57$2,828,347$1,925,732$1,710,454$2,669,903
58$3,051,027$1,954,282$1,701,942$2,829,589
59$3,294,347$1,982,157$1,691,073$3,003,350
60$3,560,347$2,009,259$1,677,700$3,192,598
61$3,851,274$2,035,484$1,661,675$3,398,893
62$4,169,600$2,060,719$1,642,837$3,623,951
63$4,518,048$2,084,843$1,621,021$3,869,667
64$4,899,617$2,107,729$1,596,053$4,138,131
65$5,317,610$2,129,239$1,567,752$4,431,644
66$5,775,661$2,149,227$1,535,928$4,752,748
67$6,277,777$2,167,538$1,500,380$5,104,241
68$6,828,369$2,184,005$1,460,901$5,489,213
69$7,432,294$2,198,453$1,417,272$5,911,066
70$8,094,903$2,210,692$1,369,266$6,373,556
71$8,822,091$2,220,524$1,316,644$6,880,820
72$9,620,349$2,227,735$1,259,157$7,437,422
73$10,496,830$2,232,098$1,196,543$8,048,393
74$11,459,410$2,233,375$1,128,531$8,719,280
75$12,516,769$2,231,309$1,054,836$9,456,198
76$13,678,466$2,225,630$975,159$10,265,890
77$14,955,033$2,216,049$889,191$11,155,789
78$16,358,072$2,202,262$796,605$12,134,090
79$17,900,367$2,183,945$697,063$13,209,827
80$19,596,000$2,160,753$590,210$14,392,961
81$21,460,487$2,132,324$475,676$15,694,472
82$23,510,920$2,098,272$353,075$17,126,464
83$25,766,133$2,058,187$222,003$18,702,280
84$28,246,877$2,011,636$82,038$20,436,630
85$30,976,013$1,958,161$0$22,345,731
86$33,978,732$1,897,277$0$24,466,853
87$37,282,788$1,828,469$0$26,826,787
88$40,918,762$1,751,193$0$29,423,732
89$44,920,349$1,664,874$0$32,281,775
90$49,324,676$1,568,904$0$35,427,457
91$54,172,651$1,462,639$0$38,890,026
92$59,509,350$1,345,397$0$42,701,713
93$65,384,443$1,216,460$0$46,898,032
94$71,852,656$1,075,067$0$51,518,122
95$78,974,296$920,415$0$56,605,109
96$86,815,812$751,653$0$62,206,520
97$95,450,427$567,885$0$68,374,726
98$104,958,823$368,164$0$75,167,442
99$115,429,907$151,489$0$82,648,264
100$126,961,649$0$0$90,887,279