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%19.9%
1 years$137,081$135,860$134,669$133,506$132,371$127,119
2 years$67,862$66,598$65,373$64,186$63,034$57,808
3 years$44,792$43,523$42,301$41,124$39,991$34,955
4 years$33,259$31,994$30,784$29,628$28,522$23,715
5 years$26,341$25,083$23,890$22,757$21,682$17,116
6 years$21,731$20,483$19,306$18,199$17,156$12,834
7 years$18,439$17,201$16,044$14,962$13,953$9,873
8 years$15,971$14,745$13,606$12,552$11,575$7,733
9 years$14,053$12,838$11,719$10,691$9,748$6,138
10 years$12,519$11,316$10,217$9,216$8,306$4,921
11 years$11,265$10,074$8,995$8,021$7,143$3,976
12 years$10,221$9,042$7,983$7,035$6,190$3,232
13 years$9,338$8,171$7,132$6,211$5,398$2,639
14 years$8,582$7,427$6,408$5,513$4,732$2,164
15 years$7,927$6,785$5,786$4,917$4,166$1,780
16 years$7,354$6,225$5,246$4,403$3,682$1,467
17 years$6,850$5,733$4,773$3,956$3,265$1,212
18 years$6,402$5,298$4,357$3,565$2,903$1,003
19 years$6,002$4,910$3,989$3,221$2,587$831
20 years$5,642$4,562$3,661$2,917$2,311$689
21 years$5,317$4,250$3,367$2,648$2,068$572
22 years$5,021$3,967$3,104$2,407$1,854$475
23 years$4,752$3,710$2,866$2,192$1,664$395
24 years$4,506$3,476$2,650$2,000$1,496$329
25 years$4,280$3,262$2,455$1,826$1,346$274
26 years$4,071$3,066$2,276$1,670$1,212$228
27 years$3,878$2,885$2,114$1,528$1,093$190
28 years$3,700$2,719$1,965$1,400$986$158
29 years$3,534$2,565$1,829$1,284$891$132
30 years$3,379$2,422$1,703$1,179$805$110
31 years$3,235$2,290$1,588$1,082$728$91
32 years$3,099$2,167$1,482$995$658$76
33 years$2,973$2,052$1,383$915$596$64
34 years$2,854$1,945$1,293$842$539$53
35 years$2,742$1,845$1,208$775$488$44
36 years$2,636$1,751$1,131$714$443$37
37 years$2,537$1,663$1,058$657$401$31
38 years$2,443$1,580$991$606$364$26
39 years$2,354$1,503$928$559$330$21
40 years$2,269$1,430$870$515$299$18
41 years$2,189$1,361$816$475$271$15
42 years$2,113$1,296$765$439$246$12
43 years$2,041$1,235$718$405$223$10
44 years$1,972$1,177$674$374$203$9
45 years$1,907$1,123$633$345$184$7
46 years$1,844$1,071$595$319$167$6
47 years$1,785$1,022$559$295$152$5
48 years$1,727$976$525$272$138$4
49 years$1,673$932$493$252$125$3
50 years$1,621$890$464$233$114$3

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 $2,636 every year, while hoping to spend $30,852 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: 46/37/17 Blend
50$1,660,000$1,660,000$1,660,000$1,660,000
51$1,832,039$1,744,059$1,718,329$1,907,328
52$1,986,081$1,796,692$1,743,067$2,012,704
53$2,154,801$1,850,869$1,767,599$2,123,643
54$2,339,663$1,906,635$1,791,887$2,243,341
55$2,542,282$1,964,033$1,815,888$2,372,625
56$2,764,433$2,023,109$1,839,558$2,512,406
57$3,008,072$2,083,908$1,862,851$2,663,685
58$3,275,356$2,146,480$1,885,716$2,827,565
59$3,568,656$2,210,872$1,908,102$3,005,258
60$3,890,589$2,277,134$1,929,953$3,198,101
61$4,244,034$2,345,318$1,951,211$3,407,562
62$4,632,162$2,415,476$1,971,814$3,635,259
63$5,058,471$2,487,662$1,991,698$3,882,974
64$5,526,808$2,561,931$2,010,793$4,152,667
65$6,041,415$2,638,338$2,029,027$4,446,498
66$6,606,964$2,716,942$2,046,325$4,766,843
67$7,228,604$2,797,801$2,062,606$5,116,322
68$7,912,004$2,880,976$2,077,785$5,497,817
69$8,663,413$2,966,528$2,091,775$5,914,505
70$9,489,713$3,054,520$2,104,482$6,369,882
71$10,398,489$3,145,017$2,115,807$6,867,800
72$11,398,096$3,238,084$2,125,648$7,412,504
73$12,497,740$3,333,788$2,133,896$8,008,666
74$13,707,565$3,432,199$2,140,436$8,661,436
75$15,038,745$3,533,386$2,145,150$9,376,485
76$16,503,597$3,637,421$2,147,912$10,160,061
77$18,115,686$3,744,377$2,148,590$11,019,048
78$19,889,963$3,854,329$2,147,045$11,961,027
79$21,842,901$3,967,352$2,143,132$12,994,354
80$23,992,649$4,083,525$2,136,699$14,128,234
81$26,359,207$4,202,926$2,127,587$15,372,806
82$28,964,613$4,325,635$2,115,627$16,739,244
83$31,833,148$4,451,736$2,100,645$18,239,858
84$34,991,569$4,581,311$2,082,457$19,888,213
85$38,469,360$4,714,446$2,060,870$21,699,253
86$42,299,007$4,851,227$2,035,682$23,689,444
87$46,516,311$4,991,741$2,006,682$25,876,933
88$51,160,717$5,136,080$1,973,649$28,281,710
89$56,275,696$5,284,333$1,936,351$30,925,807
90$61,909,144$5,436,593$1,894,546$33,833,497
91$68,113,844$5,592,953$1,847,981$37,031,528
92$74,947,957$5,753,509$1,796,390$40,549,374
93$82,475,575$5,918,357$1,739,495$44,419,513
94$90,767,322$6,087,595$1,677,006$48,677,734
95$99,901,023$6,261,321$1,608,620$53,363,472
96$109,962,438$6,439,636$1,534,019$58,520,184
97$121,046,069$6,622,641$1,452,872$64,195,758
98$133,256,056$6,810,439$1,364,831$70,442,961
99$146,707,156$7,003,132$1,269,534$77,319,944
100$161,525,825$7,200,825$1,166,603$84,890,784