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%11.6%
1 years$138,733$137,497$136,291$135,115$133,966$133,066
2 years$68,680$67,401$66,161$64,959$63,793$62,885
3 years$45,332$44,047$42,810$41,620$40,473$39,586
4 years$33,660$32,379$31,155$29,985$28,866$28,006
5 years$26,659$25,386$24,178$23,031$21,943$21,113
6 years$21,993$20,729$19,539$18,418$17,363$16,564
7 years$18,661$17,408$16,237$15,143$14,121$13,353
8 years$16,164$14,922$13,770$12,703$11,714$10,978
9 years$14,222$12,993$11,860$10,820$9,865$9,159
10 years$12,670$11,452$10,340$9,327$8,406$7,731
11 years$11,401$10,195$9,103$8,117$7,229$6,584
12 years$10,344$9,151$8,079$7,120$6,265$5,649
13 years$9,450$8,270$7,218$6,286$5,463$4,877
14 years$8,685$7,517$6,485$5,580$4,789$4,231
15 years$8,022$6,867$5,855$4,976$4,216$3,686
16 years$7,443$6,300$5,309$4,456$3,726$3,223
17 years$6,932$5,802$4,831$4,003$3,304$2,827
18 years$6,479$5,361$4,410$3,608$2,938$2,485
19 years$6,074$4,969$4,037$3,260$2,619$2,190
20 years$5,710$4,617$3,705$2,953$2,339$1,934
21 years$5,381$4,301$3,408$2,680$2,093$1,711
22 years$5,082$4,015$3,141$2,436$1,876$1,516
23 years$4,810$3,755$2,900$2,219$1,684$1,344
24 years$4,560$3,518$2,682$2,024$1,514$1,194
25 years$4,331$3,302$2,484$1,848$1,362$1,061
26 years$4,120$3,103$2,304$1,690$1,227$944
27 years$3,925$2,920$2,139$1,547$1,106$841
28 years$3,744$2,752$1,989$1,417$998$749
29 years$3,576$2,596$1,851$1,300$901$668
30 years$3,420$2,452$1,724$1,193$814$596
31 years$3,274$2,318$1,607$1,095$736$532
32 years$3,137$2,193$1,500$1,007$666$475
33 years$3,009$2,077$1,400$926$603$424
34 years$2,888$1,968$1,308$852$546$379
35 years$2,775$1,867$1,223$784$494$339
36 years$2,668$1,772$1,144$722$448$303
37 years$2,567$1,683$1,071$665$406$271
38 years$2,472$1,599$1,003$613$368$242
39 years$2,382$1,521$940$565$334$217
40 years$2,297$1,447$881$522$303$194
41 years$2,216$1,377$826$481$275$173
42 years$2,139$1,312$775$444$249$155
43 years$2,066$1,250$727$410$226$139
44 years$1,996$1,191$682$379$205$124
45 years$1,930$1,136$641$350$186$111
46 years$1,866$1,084$602$323$169$100
47 years$1,806$1,034$565$298$154$89
48 years$1,748$987$531$276$140$80
49 years$1,693$943$499$255$127$72
50 years$1,640$901$469$235$115$64

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 $2,797 every year, while hoping to spend $46,528 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: 71/20/9 Blend
50$1,680,000$1,680,000$1,680,000$1,680,000
51$1,854,245$1,765,205$1,739,165$1,982,661
52$1,993,873$1,802,195$1,747,922$2,104,949
53$2,146,183$1,839,437$1,755,412$2,232,763
54$2,312,420$1,876,896$1,761,545$2,371,396
55$2,493,954$1,914,532$1,766,224$2,521,905
56$2,692,294$1,952,300$1,769,349$2,685,450
57$2,909,098$1,990,153$1,770,812$2,863,310
58$3,146,196$2,028,040$1,770,504$3,056,895
59$3,405,599$2,065,905$1,768,307$3,267,757
60$3,689,523$2,103,688$1,764,099$3,497,606
61$4,000,410$2,141,324$1,757,752$3,748,326
62$4,340,945$2,178,742$1,749,130$4,021,992
63$4,714,089$2,215,868$1,738,093$4,320,890
64$5,123,100$2,252,619$1,724,493$4,647,541
65$5,571,567$2,288,908$1,708,174$5,004,719
66$6,063,444$2,324,642$1,688,975$5,395,484
67$6,603,085$2,359,720$1,666,726$5,823,205
68$7,195,287$2,394,033$1,641,248$6,291,596
69$7,845,332$2,427,466$1,612,356$6,804,749
70$8,559,039$2,459,896$1,579,853$7,367,174
71$9,342,819$2,491,189$1,543,536$7,983,839
72$10,203,734$2,521,204$1,503,192$8,660,220
73$11,149,562$2,549,790$1,458,596$9,402,351
74$12,188,874$2,576,787$1,409,516$10,216,883
75$13,331,110$2,602,020$1,355,706$11,111,143
76$14,586,672$2,625,308$1,296,911$12,093,208
77$15,967,019$2,646,454$1,232,863$13,171,978
78$17,484,775$2,665,251$1,163,284$14,357,261
79$19,153,849$2,681,475$1,087,882$15,659,866
80$20,989,567$2,694,892$1,006,350$17,091,706
81$23,008,811$2,705,250$918,371$18,665,910
82$25,230,185$2,712,283$823,612$20,396,945
83$27,674,185$2,715,706$721,724$22,300,758
84$30,363,394$2,715,218$612,344$24,394,920
85$33,322,696$2,710,499$495,093$26,698,800
86$36,579,506$2,701,209$369,575$29,233,739
87$40,164,036$2,686,988$235,375$32,023,262
88$44,109,570$2,667,453$92,062$35,093,292
89$48,452,785$2,642,197$0$38,472,398
90$53,234,096$2,610,792$0$42,197,914
91$58,498,033$2,572,780$0$46,308,509
92$64,293,665$2,527,678$0$50,833,624
93$70,675,059$2,474,975$0$55,815,456
94$77,701,794$2,414,127$0$61,300,505
95$85,439,519$2,344,562$0$67,340,016
96$93,960,574$2,265,670$0$73,990,462
97$103,344,673$2,176,808$0$81,314,078
98$113,679,654$2,077,296$0$89,379,447
99$125,062,308$1,966,413$0$98,262,150
100$137,599,294$1,843,398$0$108,045,478