Can I retire at age 51 with 1,690,000?

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 $1,690,000?

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$139,559$138,316$137,103$135,919$134,763$133,858
2 years$69,088$67,802$66,555$65,346$64,173$63,260
3 years$45,601$44,309$43,065$41,868$40,714$39,821
4 years$33,860$32,572$31,341$30,163$29,037$28,172
5 years$26,817$25,537$24,322$23,168$22,074$21,239
6 years$22,124$20,853$19,655$18,528$17,466$16,662
7 years$18,772$17,512$16,334$15,233$14,205$13,432
8 years$16,260$15,011$13,852$12,778$11,784$11,043
9 years$14,307$13,070$11,931$10,884$9,924$9,214
10 years$12,745$11,520$10,402$9,382$8,456$7,777
11 years$11,469$10,256$9,157$8,166$7,272$6,623
12 years$10,405$9,205$8,127$7,162$6,302$5,683
13 years$9,507$8,319$7,261$6,323$5,495$4,906
14 years$8,737$7,562$6,524$5,613$4,817$4,256
15 years$8,070$6,908$5,890$5,006$4,241$3,708
16 years$7,487$6,338$5,340$4,482$3,749$3,242
17 years$6,974$5,837$4,860$4,027$3,324$2,843
18 years$6,518$5,393$4,436$3,629$2,955$2,500
19 years$6,110$4,999$4,061$3,279$2,634$2,203
20 years$5,744$4,645$3,727$2,970$2,353$1,946
21 years$5,413$4,327$3,428$2,696$2,106$1,721
22 years$5,112$4,039$3,160$2,451$1,887$1,525
23 years$4,838$3,777$2,917$2,232$1,694$1,352
24 years$4,587$3,539$2,698$2,036$1,523$1,201
25 years$4,357$3,321$2,499$1,859$1,370$1,068
26 years$4,145$3,121$2,318$1,700$1,234$950
27 years$3,949$2,938$2,152$1,556$1,113$846
28 years$3,767$2,768$2,001$1,426$1,004$753
29 years$3,598$2,611$1,862$1,307$907$672
30 years$3,440$2,466$1,734$1,200$819$599
31 years$3,293$2,331$1,617$1,102$741$535
32 years$3,156$2,206$1,508$1,013$670$478
33 years$3,027$2,089$1,408$931$606$427
34 years$2,905$1,980$1,316$857$549$381
35 years$2,791$1,878$1,230$789$497$341
36 years$2,684$1,782$1,151$726$451$305
37 years$2,583$1,693$1,077$669$408$272
38 years$2,487$1,609$1,009$617$370$244
39 years$2,396$1,530$945$569$336$218
40 years$2,310$1,456$886$525$304$195
41 years$2,229$1,386$831$484$276$174
42 years$2,152$1,320$779$447$251$156
43 years$2,078$1,257$731$412$227$140
44 years$2,008$1,198$686$381$206$125
45 years$1,941$1,143$644$352$187$112
46 years$1,878$1,090$605$325$170$100
47 years$1,817$1,040$569$300$155$90
48 years$1,759$993$534$277$140$80
49 years$1,703$948$502$256$127$72
50 years$1,650$906$472$237$116$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,690,000, adding $5,953 every year, while hoping to spend $23,852 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: 30/48/22 Blend
50$1,690,000$1,690,000$1,690,000$1,690,000
51$1,868,521$1,778,951$1,752,756$1,911,616
52$2,033,731$1,840,741$1,786,094$2,006,866
53$2,214,994$1,904,759$1,819,751$2,106,728
54$2,413,921$1,971,090$1,853,710$2,213,664
55$2,632,288$2,039,821$1,887,957$2,328,302
56$2,872,051$2,111,042$1,922,473$2,451,331
57$3,135,365$2,184,847$1,957,240$2,583,506
58$3,424,604$2,261,336$1,992,239$2,725,657
59$3,742,381$2,340,610$2,027,447$2,878,695
60$4,091,579$2,422,775$2,062,842$3,043,620
61$4,475,371$2,507,941$2,098,397$3,221,532
62$4,897,252$2,596,224$2,134,087$3,413,638
63$5,361,076$2,687,742$2,169,883$3,621,265
64$5,871,085$2,782,621$2,205,753$3,845,872
65$6,431,954$2,880,988$2,241,665$4,089,062
66$7,048,837$2,982,980$2,277,584$4,352,599
67$7,727,407$3,088,735$2,313,472$4,638,419
68$8,473,918$3,198,398$2,349,289$4,948,656
69$9,295,261$3,312,123$2,384,993$5,285,653
70$10,199,026$3,430,065$2,420,538$5,651,989
71$11,193,578$3,552,390$2,455,878$6,050,502
72$12,288,133$3,679,267$2,490,960$6,484,312
73$13,492,846$3,810,875$2,525,731$6,956,855
74$14,818,907$3,947,398$2,560,133$7,471,909
75$16,278,644$4,089,029$2,594,107$8,033,634
76$17,885,643$4,235,969$2,627,587$8,646,608
77$19,654,873$4,388,426$2,660,505$9,315,869
78$21,602,829$4,546,618$2,692,791$10,046,964
79$23,747,686$4,710,771$2,724,368$10,845,997
80$26,109,471$4,881,120$2,755,156$11,719,691
81$28,710,254$5,057,911$2,785,070$12,675,447
82$31,574,351$5,241,400$2,814,021$13,721,411
83$34,728,559$5,431,853$2,841,915$14,866,556
84$38,202,405$5,629,547$2,868,652$16,120,760
85$42,028,428$5,834,772$2,894,129$17,494,903
86$46,242,479$6,047,827$2,918,234$19,000,964
87$50,884,070$6,269,028$2,940,852$20,652,137
88$55,996,735$6,498,701$2,961,861$22,462,951
89$61,628,451$6,737,186$2,981,132$24,449,410
90$67,832,083$6,984,839$2,998,531$26,629,140
91$74,665,888$7,242,028$3,013,914$29,021,553
92$82,194,062$7,509,141$3,027,133$31,648,034
93$90,487,345$7,786,578$3,038,031$34,532,136
94$99,623,692$8,074,758$3,046,443$37,699,805
95$109,689,005$8,374,118$3,052,196$41,179,620
96$120,777,947$8,685,113$3,055,108$45,003,065
97$132,994,832$9,008,218$3,054,988$49,204,822
98$146,454,612$9,343,927$3,051,637$53,823,098
99$161,283,959$9,692,756$3,044,844$58,899,984
100$177,622,466$10,055,245$3,034,389$64,481,848