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%16.5%
1 years$138,733$137,497$136,291$135,115$133,966$130,410
2 years$68,680$67,401$66,161$64,959$63,793$60,235
3 years$45,332$44,047$42,810$41,620$40,473$37,025
4 years$33,660$32,379$31,155$29,985$28,866$25,554
5 years$26,659$25,386$24,178$23,031$21,943$18,776
6 years$21,993$20,729$19,539$18,418$17,363$14,344
7 years$18,661$17,408$16,237$15,143$14,121$11,250
8 years$16,164$14,922$13,770$12,703$11,714$8,991
9 years$14,222$12,993$11,860$10,820$9,865$7,287
10 years$12,670$11,452$10,340$9,327$8,406$5,968
11 years$11,401$10,195$9,103$8,117$7,229$4,929
12 years$10,344$9,151$8,079$7,120$6,265$4,098
13 years$9,450$8,270$7,218$6,286$5,463$3,425
14 years$8,685$7,517$6,485$5,580$4,789$2,875
15 years$8,022$6,867$5,855$4,976$4,216$2,422
16 years$7,443$6,300$5,309$4,456$3,726$2,047
17 years$6,932$5,802$4,831$4,003$3,304$1,733
18 years$6,479$5,361$4,410$3,608$2,938$1,471
19 years$6,074$4,969$4,037$3,260$2,619$1,251
20 years$5,710$4,617$3,705$2,953$2,339$1,065
21 years$5,381$4,301$3,408$2,680$2,093$908
22 years$5,082$4,015$3,141$2,436$1,876$774
23 years$4,810$3,755$2,900$2,219$1,684$661
24 years$4,560$3,518$2,682$2,024$1,514$565
25 years$4,331$3,302$2,484$1,848$1,362$483
26 years$4,120$3,103$2,304$1,690$1,227$414
27 years$3,925$2,920$2,139$1,547$1,106$354
28 years$3,744$2,752$1,989$1,417$998$303
29 years$3,576$2,596$1,851$1,300$901$260
30 years$3,420$2,452$1,724$1,193$814$223
31 years$3,274$2,318$1,607$1,095$736$191
32 years$3,137$2,193$1,500$1,007$666$164
33 years$3,009$2,077$1,400$926$603$140
34 years$2,888$1,968$1,308$852$546$120
35 years$2,775$1,867$1,223$784$494$103
36 years$2,668$1,772$1,144$722$448$88
37 years$2,567$1,683$1,071$665$406$76
38 years$2,472$1,599$1,003$613$368$65
39 years$2,382$1,521$940$565$334$56
40 years$2,297$1,447$881$522$303$48
41 years$2,216$1,377$826$481$275$41
42 years$2,139$1,312$775$444$249$35
43 years$2,066$1,250$727$410$226$30
44 years$1,996$1,191$682$379$205$26
45 years$1,930$1,136$641$350$186$22
46 years$1,866$1,084$602$323$169$19
47 years$1,806$1,034$565$298$154$16
48 years$1,748$987$531$276$140$14
49 years$1,693$943$499$255$127$12
50 years$1,640$901$469$235$115$10

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 $3,539 every year, while hoping to spend $43,468 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: 38/50/12 Blend
50$1,680,000$1,680,000$1,680,000$1,680,000
51$1,855,010$1,765,970$1,739,930$1,918,596
52$1,997,972$1,806,253$1,751,969$2,004,441
53$2,154,059$1,847,053$1,762,953$2,092,664
54$2,324,563$1,888,350$1,772,803$2,187,047
55$2,510,909$1,930,120$1,781,432$2,288,164
56$2,714,664$1,972,337$1,788,752$2,396,647
57$2,937,552$2,014,974$1,794,668$2,513,192
58$3,181,474$2,057,999$1,799,080$2,638,565
59$3,448,520$2,101,378$1,801,886$2,773,611
60$3,740,996$2,145,071$1,802,975$2,919,262
61$4,061,437$2,189,039$1,802,234$3,076,545
62$4,412,636$2,233,235$1,799,542$3,246,590
63$4,797,672$2,277,610$1,794,774$3,430,644
64$5,219,932$2,322,111$1,787,796$3,630,083
65$5,683,149$2,366,678$1,778,471$3,846,421
66$6,191,433$2,411,248$1,766,653$4,081,328
67$6,749,314$2,455,754$1,752,190$4,336,647
68$7,361,779$2,500,121$1,734,923$4,614,408
69$8,034,322$2,544,268$1,714,685$4,916,848
70$8,772,996$2,588,111$1,691,300$5,246,437
71$9,584,469$2,631,556$1,664,586$5,605,894
72$10,476,086$2,674,503$1,634,351$5,998,221
73$11,455,939$2,716,846$1,600,394$6,426,724
74$12,532,943$2,758,469$1,562,505$6,895,050
75$13,716,918$2,799,250$1,520,465$7,407,221
76$15,018,686$2,839,055$1,474,043$7,967,671
77$16,450,168$2,877,745$1,422,999$8,581,286
78$18,024,497$2,915,166$1,367,081$9,253,458
79$19,756,146$2,951,159$1,306,028$9,990,129
80$21,661,056$2,985,549$1,239,563$10,797,850
81$23,756,795$3,018,153$1,167,400$11,683,847
82$26,062,719$3,048,773$1,089,239$12,656,083
83$28,600,153$3,077,199$1,004,765$13,723,340
84$31,392,594$3,103,208$913,651$14,895,301
85$34,465,935$3,126,561$815,554$16,182,640
86$37,848,702$3,147,004$710,116$17,597,127
87$41,572,329$3,164,267$596,965$19,151,735
88$45,671,453$3,178,062$475,709$20,860,772
89$50,184,237$3,188,084$345,942$22,740,008
90$55,152,737$3,194,007$207,238$24,806,830
91$60,623,288$3,195,486$59,153$27,080,407
92$66,646,953$3,192,154$0$29,581,871
93$73,279,995$3,183,622$0$32,347,181
94$80,584,410$3,169,475$0$35,398,264
95$88,628,517$3,149,277$0$38,755,915
96$97,487,594$3,122,559$0$42,451,416
97$107,244,595$3,088,831$0$46,519,243
98$117,990,927$3,047,567$0$50,997,401
99$129,827,318$2,998,215$0$55,927,778
100$142,864,762$2,940,185$0$61,356,546