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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$137,081$135,860$134,669$133,506$132,371$131,097
2 years$67,862$66,598$65,373$64,186$63,034$61,751
3 years$44,792$43,523$42,301$41,124$39,991$38,739
4 years$33,259$31,994$30,784$29,628$28,522$27,310
5 years$26,341$25,083$23,890$22,757$21,682$20,513
6 years$21,731$20,483$19,306$18,199$17,156$16,033
7 years$18,439$17,201$16,044$14,962$13,953$12,875
8 years$15,971$14,745$13,606$12,552$11,575$10,543
9 years$14,053$12,838$11,719$10,691$9,748$8,760
10 years$12,519$11,316$10,217$9,216$8,306$7,363
11 years$11,265$10,074$8,995$8,021$7,143$6,244
12 years$10,221$9,042$7,983$7,035$6,190$5,334
13 years$9,338$8,171$7,132$6,211$5,398$4,584
14 years$8,582$7,427$6,408$5,513$4,732$3,958
15 years$7,927$6,785$5,786$4,917$4,166$3,433
16 years$7,354$6,225$5,246$4,403$3,682$2,987
17 years$6,850$5,733$4,773$3,956$3,265$2,607
18 years$6,402$5,298$4,357$3,565$2,903$2,281
19 years$6,002$4,910$3,989$3,221$2,587$2,000
20 years$5,642$4,562$3,661$2,917$2,311$1,757
21 years$5,317$4,250$3,367$2,648$2,068$1,546
22 years$5,021$3,967$3,104$2,407$1,854$1,363
23 years$4,752$3,710$2,866$2,192$1,664$1,202
24 years$4,506$3,476$2,650$2,000$1,496$1,062
25 years$4,280$3,262$2,455$1,826$1,346$939
26 years$4,071$3,066$2,276$1,670$1,212$831
27 years$3,878$2,885$2,114$1,528$1,093$736
28 years$3,700$2,719$1,965$1,400$986$652
29 years$3,534$2,565$1,829$1,284$891$578
30 years$3,379$2,422$1,703$1,179$805$513
31 years$3,235$2,290$1,588$1,082$728$455
32 years$3,099$2,167$1,482$995$658$404
33 years$2,973$2,052$1,383$915$596$359
34 years$2,854$1,945$1,293$842$539$318
35 years$2,742$1,845$1,208$775$488$283
36 years$2,636$1,751$1,131$714$443$252
37 years$2,537$1,663$1,058$657$401$224
38 years$2,443$1,580$991$606$364$199
39 years$2,354$1,503$928$559$330$177
40 years$2,269$1,430$870$515$299$157
41 years$2,189$1,361$816$475$271$140
42 years$2,113$1,296$765$439$246$124
43 years$2,041$1,235$718$405$223$111
44 years$1,972$1,177$674$374$203$98
45 years$1,907$1,123$633$345$184$88
46 years$1,844$1,071$595$319$167$78
47 years$1,785$1,022$559$295$152$69
48 years$1,727$976$525$272$138$62
49 years$1,673$932$493$252$125$55
50 years$1,621$890$464$233$114$49

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 $2,359 every year, while hoping to spend $47,107 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: 47/39/14 Blend
50$1,660,000$1,660,000$1,660,000$1,660,000
51$1,831,753$1,743,773$1,718,043$1,910,543
52$1,968,471$1,779,097$1,725,476$2,000,651
53$2,117,554$1,814,572$1,731,579$2,093,377
54$2,280,216$1,850,157$1,736,258$2,192,978
55$2,457,789$1,885,806$1,739,414$2,300,112
56$2,651,742$1,921,469$1,740,943$2,415,503
57$2,863,691$1,957,092$1,740,736$2,539,952
58$3,095,415$1,992,617$1,738,678$2,674,340
59$3,348,873$2,027,981$1,734,650$2,819,637
60$3,626,222$2,063,117$1,728,524$2,976,916
61$3,929,838$2,097,950$1,720,171$3,147,357
62$4,262,335$2,132,403$1,709,450$3,332,265
63$4,626,594$2,166,391$1,696,217$3,533,074
64$5,025,786$2,199,824$1,680,320$3,751,368
65$5,463,405$2,232,605$1,661,600$3,988,895
66$5,943,299$2,264,629$1,639,890$4,247,581
67$6,469,705$2,295,785$1,615,015$4,529,550
68$7,047,289$2,325,953$1,586,794$4,837,143
69$7,681,195$2,355,007$1,555,033$5,172,945
70$8,377,083$2,382,809$1,519,533$5,539,803
71$9,141,194$2,409,214$1,480,085$5,940,859
72$9,980,397$2,434,068$1,436,470$6,379,577
73$10,902,263$2,457,203$1,388,457$6,859,777
74$11,915,132$2,478,443$1,335,808$7,385,671
75$13,028,189$2,497,601$1,278,272$7,961,905
76$14,251,556$2,514,475$1,215,586$8,593,600
77$15,596,384$2,528,853$1,147,477$9,286,406
78$17,074,955$2,540,507$1,073,657$10,046,550
79$18,700,805$2,549,196$993,829$10,880,901
80$20,488,843$2,554,663$907,679$11,797,031
81$22,455,499$2,556,636$814,880$12,803,290
82$24,618,873$2,554,824$715,092$13,908,887
83$26,998,908$2,548,920$607,957$15,123,973
84$29,617,577$2,538,598$493,104$16,459,742
85$32,499,091$2,523,510$370,144$17,928,535
86$35,670,126$2,503,290$238,671$19,543,961
87$39,160,074$2,477,546$98,262$21,321,022
88$43,001,323$2,445,867$0$23,276,260
89$47,229,556$2,407,813$0$25,435,618
90$51,884,096$2,362,921$0$27,827,662
91$57,008,268$2,310,698$0$30,459,936
92$62,649,814$2,250,625$0$33,356,955
93$68,861,338$2,182,149$0$36,545,740
94$75,700,807$2,104,686$0$40,056,073
95$83,232,093$2,017,620$0$43,920,784
96$91,525,580$1,920,297$0$48,176,060
97$100,658,822$1,812,024$0$52,861,785
98$110,717,281$1,692,072$0$58,021,924
99$121,795,127$1,559,667$0$63,704,936
100$133,996,130$1,413,991$0$69,964,231