Can I retire at age 51 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$138,733$137,497$136,291$135,115$133,966$131,422
2 years$68,680$67,401$66,161$64,959$63,793$61,240
3 years$45,332$44,047$42,810$41,620$40,473$37,991
4 years$33,660$32,379$31,155$29,985$28,866$26,473
5 years$26,659$25,386$24,178$23,031$21,943$19,647
6 years$21,993$20,729$19,539$18,418$17,363$15,166
7 years$18,661$17,408$16,237$15,143$14,121$12,023
8 years$16,164$14,922$13,770$12,703$11,714$9,716
9 years$14,222$12,993$11,860$10,820$9,865$7,964
10 years$12,670$11,452$10,340$9,327$8,406$6,600
11 years$11,401$10,195$9,103$8,117$7,229$5,518
12 years$10,344$9,151$8,079$7,120$6,265$4,645
13 years$9,450$8,270$7,218$6,286$5,463$3,932
14 years$8,685$7,517$6,485$5,580$4,789$3,343
15 years$8,022$6,867$5,855$4,976$4,216$2,854
16 years$7,443$6,300$5,309$4,456$3,726$2,444
17 years$6,932$5,802$4,831$4,003$3,304$2,099
18 years$6,479$5,361$4,410$3,608$2,938$1,806
19 years$6,074$4,969$4,037$3,260$2,619$1,557
20 years$5,710$4,617$3,705$2,953$2,339$1,345
21 years$5,381$4,301$3,408$2,680$2,093$1,163
22 years$5,082$4,015$3,141$2,436$1,876$1,007
23 years$4,810$3,755$2,900$2,219$1,684$873
24 years$4,560$3,518$2,682$2,024$1,514$758
25 years$4,331$3,302$2,484$1,848$1,362$658
26 years$4,120$3,103$2,304$1,690$1,227$571
27 years$3,925$2,920$2,139$1,547$1,106$497
28 years$3,744$2,752$1,989$1,417$998$432
29 years$3,576$2,596$1,851$1,300$901$376
30 years$3,420$2,452$1,724$1,193$814$327
31 years$3,274$2,318$1,607$1,095$736$285
32 years$3,137$2,193$1,500$1,007$666$248
33 years$3,009$2,077$1,400$926$603$216
34 years$2,888$1,968$1,308$852$546$188
35 years$2,775$1,867$1,223$784$494$164
36 years$2,668$1,772$1,144$722$448$143
37 years$2,567$1,683$1,071$665$406$125
38 years$2,472$1,599$1,003$613$368$109
39 years$2,382$1,521$940$565$334$95
40 years$2,297$1,447$881$522$303$83
41 years$2,216$1,377$826$481$275$72
42 years$2,139$1,312$775$444$249$63
43 years$2,066$1,250$727$410$226$55
44 years$1,996$1,191$682$379$205$48
45 years$1,930$1,136$641$350$186$42
46 years$1,866$1,084$602$323$169$36
47 years$1,806$1,034$565$298$154$32
48 years$1,748$987$531$276$140$28
49 years$1,693$943$499$255$127$24
50 years$1,640$901$469$235$115$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,680,000, adding $6,192 every year, while hoping to spend $22,457 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: 49/29/22 Blend
50$1,680,000$1,680,000$1,680,000$1,680,000
51$1,857,747$1,768,707$1,742,667$1,936,978
52$2,023,343$1,831,480$1,777,152$2,055,500
53$2,205,077$1,896,575$1,812,040$2,181,422
54$2,404,572$1,964,084$1,847,320$2,317,760
55$2,623,615$2,034,101$1,882,982$2,465,503
56$2,864,173$2,106,722$1,919,012$2,625,743
57$3,128,417$2,182,049$1,955,396$2,799,679
58$3,418,735$2,260,188$1,992,121$2,988,628
59$3,737,758$2,341,250$2,029,170$3,194,043
60$4,088,386$2,425,348$2,066,524$3,417,519
61$4,473,814$2,512,603$2,104,165$3,660,814
62$4,897,561$2,603,138$2,142,073$3,925,860
63$5,363,504$2,697,083$2,180,223$4,214,787
64$5,875,914$2,794,573$2,218,593$4,529,935
65$6,439,498$2,895,748$2,257,157$4,873,884
66$7,059,440$3,000,754$2,295,886$5,249,471
67$7,741,456$3,109,743$2,334,750$5,659,821
68$8,491,838$3,222,874$2,373,718$6,108,374
69$9,317,523$3,340,312$2,412,755$6,598,918
70$10,226,153$3,462,230$2,451,825$7,135,622
71$11,226,147$3,588,806$2,490,888$7,723,081
72$12,326,784$3,720,228$2,529,903$8,366,351
73$13,538,287$3,856,690$2,568,825$9,071,001
74$14,871,919$3,998,394$2,607,608$9,843,165
75$16,340,093$4,145,554$2,646,201$10,689,598
76$17,956,484$4,298,388$2,684,550$11,617,740
77$19,736,163$4,457,126$2,722,600$12,635,786
78$21,695,735$4,622,009$2,760,290$13,752,761
79$23,853,497$4,793,284$2,797,557$14,978,607
80$26,229,612$4,971,214$2,834,334$16,324,276
81$28,846,298$5,156,068$2,870,549$17,801,831
82$31,728,035$5,348,130$2,906,127$19,424,561
83$34,901,801$5,547,695$2,940,989$21,207,103
84$38,397,322$5,755,070$2,975,050$23,165,586
85$42,247,356$5,970,575$3,008,221$25,317,773
86$46,487,999$6,194,546$3,040,409$27,683,238
87$51,159,027$6,427,331$3,071,515$30,283,543
88$56,304,271$6,669,294$3,101,434$33,142,441
89$61,972,032$6,920,814$3,130,057$36,286,106
90$68,215,533$7,182,287$3,157,268$39,743,371
91$75,093,425$7,454,127$3,182,944$43,546,005
92$82,670,339$7,736,765$3,206,957$47,729,009
93$91,017,496$8,030,648$3,229,173$52,330,946
94$100,213,379$8,336,248$3,249,449$57,394,308
95$110,344,473$8,654,054$3,267,634$62,965,908
96$121,506,082$8,984,576$3,283,573$69,097,331
97$133,803,229$9,328,347$3,297,100$75,845,409
98$147,351,647$9,685,924$3,308,041$83,272,767
99$162,278,868$10,057,888$3,316,214$91,448,406
100$178,725,433$10,444,844$3,321,427$100,448,355