Can I retire at age 51 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$137,907$136,679$135,480$134,310$133,168$131,287
2 years$68,271$66,999$65,767$64,572$63,413$61,521
3 years$45,062$43,785$42,556$41,372$40,232$38,388
4 years$33,460$32,186$30,970$29,806$28,694$26,913
5 years$26,500$25,235$24,034$22,894$21,813$20,099
6 years$21,862$20,606$19,423$18,309$17,260$15,616
7 years$18,550$17,305$16,140$15,052$14,037$12,463
8 years$16,068$14,833$13,688$12,627$11,645$10,142
9 years$14,138$12,915$11,790$10,756$9,807$8,373
10 years$12,595$11,384$10,279$9,271$8,356$6,990
11 years$11,333$10,135$9,049$8,069$7,186$5,888
12 years$10,282$9,096$8,031$7,077$6,227$4,995
13 years$9,394$8,220$7,175$6,248$5,430$4,261
14 years$8,633$7,472$6,447$5,547$4,760$3,653
15 years$7,975$6,826$5,821$4,947$4,191$3,144
16 years$7,399$6,263$5,277$4,429$3,704$2,716
17 years$6,891$5,768$4,802$3,980$3,284$2,352
18 years$6,441$5,330$4,384$3,586$2,920$2,042
19 years$6,038$4,939$4,013$3,241$2,603$1,776
20 years$5,676$4,590$3,683$2,935$2,325$1,548
21 years$5,349$4,275$3,388$2,664$2,081$1,351
22 years$5,052$3,991$3,122$2,422$1,865$1,180
23 years$4,781$3,733$2,883$2,206$1,674$1,033
24 years$4,533$3,497$2,666$2,012$1,505$904
25 years$4,306$3,282$2,469$1,837$1,354$793
26 years$4,096$3,084$2,290$1,680$1,220$695
27 years$3,902$2,903$2,127$1,538$1,100$610
28 years$3,722$2,735$1,977$1,409$992$536
29 years$3,555$2,580$1,840$1,292$896$471
30 years$3,399$2,437$1,714$1,186$810$414
31 years$3,254$2,304$1,598$1,089$732$364
32 years$3,118$2,180$1,491$1,001$662$320
33 years$2,991$2,064$1,392$920$599$282
34 years$2,871$1,957$1,300$847$542$248
35 years$2,758$1,856$1,216$779$491$218
36 years$2,652$1,761$1,137$718$445$192
37 years$2,552$1,673$1,065$661$403$169
38 years$2,458$1,590$997$610$366$149
39 years$2,368$1,512$934$562$332$131
40 years$2,283$1,438$875$518$301$116
41 years$2,203$1,369$821$478$273$102
42 years$2,126$1,304$770$441$248$90
43 years$2,053$1,242$723$408$225$79
44 years$1,984$1,184$678$376$204$70
45 years$1,918$1,129$637$347$185$62
46 years$1,855$1,077$598$321$168$54
47 years$1,795$1,028$562$297$153$48
48 years$1,738$981$528$274$139$42
49 years$1,683$937$496$253$126$37
50 years$1,631$895$467$234$114$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,670,000, adding $5,888 every year, while hoping to spend $45,245 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: 79/5/16 Blend
50$1,670,000$1,670,000$1,670,000$1,670,000
51$1,846,413$1,757,903$1,732,018$1,985,522
52$1,986,607$1,795,900$1,741,901$2,115,991
53$2,139,585$1,834,243$1,750,598$2,252,754
54$2,306,601$1,872,900$1,758,022$2,401,548
55$2,489,040$1,911,837$1,764,081$2,563,563
56$2,688,424$1,951,019$1,768,679$2,740,105
57$2,906,427$1,990,403$1,771,715$2,932,614
58$3,144,897$2,029,947$1,773,081$3,142,677
59$3,405,863$2,069,602$1,772,666$3,372,042
60$3,691,565$2,109,315$1,770,354$3,622,635
61$4,004,464$2,149,031$1,766,020$3,896,577
62$4,347,274$2,188,689$1,759,537$4,196,206
63$4,722,984$2,228,222$1,750,769$4,524,098
64$5,134,882$2,267,559$1,739,574$4,883,089
65$5,586,594$2,306,624$1,725,804$5,276,307
66$6,082,112$2,345,333$1,709,303$5,707,197
67$6,625,831$2,383,598$1,689,908$6,179,554
68$7,222,595$2,421,323$1,667,449$6,697,563
69$7,877,738$2,458,406$1,641,747$7,265,833
70$8,597,136$2,494,738$1,612,615$7,889,442
71$9,387,263$2,530,199$1,579,856$8,573,988
72$10,255,249$2,564,664$1,543,267$9,325,638
73$11,208,950$2,597,998$1,502,632$10,151,190
74$12,257,020$2,630,057$1,457,727$11,058,132
75$13,408,994$2,660,687$1,408,318$12,054,718
76$14,675,373$2,689,723$1,354,159$13,150,044
77$16,067,732$2,716,990$1,294,994$14,354,132
78$17,598,818$2,742,300$1,230,554$15,678,027
79$19,282,679$2,765,454$1,160,559$17,133,903
80$21,134,789$2,786,239$1,084,715$18,735,172
81$23,172,202$2,804,429$1,002,717$20,496,617
82$25,413,703$2,819,782$914,245$22,434,528
83$27,879,992$2,832,043$818,963$24,566,857
84$30,593,877$2,840,938$716,524$26,913,388
85$33,580,486$2,846,178$606,562$29,495,924
86$36,867,510$2,847,456$488,696$32,338,491
87$40,485,458$2,844,442$362,529$35,467,568
88$44,467,946$2,836,792$227,645$38,912,334
89$48,852,017$2,824,134$83,611$42,704,946
90$53,678,486$2,806,080$0$46,880,843
91$58,992,326$2,782,213$0$51,491,046
92$64,843,095$2,752,093$0$56,582,638
93$71,285,400$2,715,255$0$62,188,844
94$78,379,412$2,671,203$0$68,362,022
95$86,191,434$2,619,414$0$75,159,866
96$94,794,528$2,559,333$0$82,645,953
97$104,269,202$2,490,373$0$90,890,341
98$114,704,170$2,411,910$0$99,970,229
99$126,197,189$2,323,288$0$109,970,688
100$138,855,982$2,223,809$0$120,985,460