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%15.2%
1 years$137,907$136,679$135,480$134,310$133,168$130,320
2 years$68,271$66,999$65,767$64,572$63,413$60,557
3 years$45,062$43,785$42,556$41,372$40,232$37,458
4 years$33,460$32,186$30,970$29,806$28,694$26,023
5 years$26,500$25,235$24,034$22,894$21,813$19,252
6 years$21,862$20,606$19,423$18,309$17,260$14,812
7 years$18,550$17,305$16,140$15,052$14,037$11,703
8 years$16,068$14,833$13,688$12,627$11,645$9,424
9 years$14,138$12,915$11,790$10,756$9,807$7,698
10 years$12,595$11,384$10,279$9,271$8,356$6,356
11 years$11,333$10,135$9,049$8,069$7,186$5,293
12 years$10,282$9,096$8,031$7,077$6,227$4,438
13 years$9,394$8,220$7,175$6,248$5,430$3,742
14 years$8,633$7,472$6,447$5,547$4,760$3,169
15 years$7,975$6,826$5,821$4,947$4,191$2,694
16 years$7,399$6,263$5,277$4,429$3,704$2,298
17 years$6,891$5,768$4,802$3,980$3,284$1,964
18 years$6,441$5,330$4,384$3,586$2,920$1,683
19 years$6,038$4,939$4,013$3,241$2,603$1,445
20 years$5,676$4,590$3,683$2,935$2,325$1,242
21 years$5,349$4,275$3,388$2,664$2,081$1,070
22 years$5,052$3,991$3,122$2,422$1,865$922
23 years$4,781$3,733$2,883$2,206$1,674$795
24 years$4,533$3,497$2,666$2,012$1,505$687
25 years$4,306$3,282$2,469$1,837$1,354$593
26 years$4,096$3,084$2,290$1,680$1,220$513
27 years$3,902$2,903$2,127$1,538$1,100$444
28 years$3,722$2,735$1,977$1,409$992$384
29 years$3,555$2,580$1,840$1,292$896$333
30 years$3,399$2,437$1,714$1,186$810$288
31 years$3,254$2,304$1,598$1,089$732$250
32 years$3,118$2,180$1,491$1,001$662$216
33 years$2,991$2,064$1,392$920$599$188
34 years$2,871$1,957$1,300$847$542$163
35 years$2,758$1,856$1,216$779$491$141
36 years$2,652$1,761$1,137$718$445$122
37 years$2,552$1,673$1,065$661$403$106
38 years$2,458$1,590$997$610$366$92
39 years$2,368$1,512$934$562$332$80
40 years$2,283$1,438$875$518$301$69
41 years$2,203$1,369$821$478$273$60
42 years$2,126$1,304$770$441$248$52
43 years$2,053$1,242$723$408$225$45
44 years$1,984$1,184$678$376$204$39
45 years$1,918$1,129$637$347$185$34
46 years$1,855$1,077$598$321$168$30
47 years$1,795$1,028$562$297$153$26
48 years$1,738$981$528$274$139$22
49 years$1,683$937$496$253$126$19
50 years$1,631$895$467$234$114$17

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 $6,209 every year, while hoping to spend $49,671 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: 54/38/8 Blend
50$1,670,000$1,670,000$1,670,000$1,670,000
51$1,846,745$1,758,235$1,732,350$1,942,570
52$1,982,263$1,791,539$1,737,534$2,041,444
53$2,129,939$1,824,810$1,741,227$2,143,018
54$2,290,962$1,857,994$1,743,326$2,252,372
55$2,466,637$1,891,033$1,743,725$2,370,251
56$2,658,404$1,923,863$1,742,310$2,497,478
57$2,867,847$1,956,418$1,738,963$2,634,957
58$3,096,709$1,988,624$1,733,559$2,783,688
59$3,346,909$2,020,403$1,725,970$2,944,770
60$3,620,562$2,051,670$1,716,058$3,119,418
61$3,919,993$2,082,336$1,703,680$3,308,967
62$4,247,766$2,112,304$1,688,687$3,514,892
63$4,606,701$2,141,471$1,670,921$3,738,818
64$4,999,907$2,169,724$1,650,218$3,982,537
65$5,430,804$2,196,947$1,626,407$4,248,022
66$5,903,161$2,223,013$1,599,307$4,537,452
67$6,421,128$2,247,785$1,568,729$4,853,227
68$6,989,277$2,271,121$1,534,475$5,197,994
69$7,612,643$2,292,866$1,496,340$5,574,670
70$8,296,772$2,312,855$1,454,106$5,986,473
71$9,047,773$2,330,915$1,407,549$6,436,951
72$9,872,374$2,346,859$1,356,431$6,930,013
73$10,777,990$2,360,488$1,300,504$7,469,972
74$11,772,785$2,371,592$1,239,511$8,061,582
75$12,865,756$2,379,947$1,173,182$8,710,085
76$14,066,812$2,385,314$1,101,233$9,421,259
77$15,386,871$2,387,439$1,023,369$10,201,477
78$16,837,962$2,386,053$939,282$11,057,764
79$18,433,336$2,380,871$848,649$11,997,865
80$20,187,592$2,371,589$751,134$13,030,318
81$22,116,814$2,357,885$646,385$14,164,540
82$24,238,725$2,339,417$534,035$15,410,908
83$26,572,849$2,315,824$413,700$16,780,867
84$29,140,701$2,286,720$284,979$18,287,033
85$31,965,982$2,251,698$147,455$19,943,313
86$35,074,808$2,210,328$692$21,765,042
87$38,495,957$2,162,152$0$23,769,124
88$42,261,133$2,106,686$0$25,987,505
89$46,405,273$2,043,418$0$28,428,348
90$50,966,870$1,971,805$0$31,114,284
91$55,988,341$1,891,274$0$34,070,326
92$61,516,422$1,801,216$0$37,324,042
93$67,602,610$1,700,989$0$40,905,822
94$74,303,653$1,589,914$0$44,849,164
95$81,682,077$1,467,272$0$49,190,991
96$89,806,784$1,332,303$0$53,972,000
97$98,753,695$1,184,204$0$59,237,052
98$108,606,468$1,022,127$0$65,035,591
99$119,457,292$845,175$0$71,422,118
100$131,407,748$652,400$0$78,456,707