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%16.5%
1 years$139,559$138,316$137,103$135,919$134,763$131,186
2 years$69,088$67,802$66,555$65,346$64,173$60,594
3 years$45,601$44,309$43,065$41,868$40,714$37,245
4 years$33,860$32,572$31,341$30,163$29,037$25,706
5 years$26,817$25,537$24,322$23,168$22,074$18,888
6 years$22,124$20,853$19,655$18,528$17,466$14,430
7 years$18,772$17,512$16,334$15,233$14,205$11,317
8 years$16,260$15,011$13,852$12,778$11,784$9,045
9 years$14,307$13,070$11,931$10,884$9,924$7,330
10 years$12,745$11,520$10,402$9,382$8,456$6,004
11 years$11,469$10,256$9,157$8,166$7,272$4,959
12 years$10,405$9,205$8,127$7,162$6,302$4,123
13 years$9,507$8,319$7,261$6,323$5,495$3,446
14 years$8,737$7,562$6,524$5,613$4,817$2,893
15 years$8,070$6,908$5,890$5,006$4,241$2,437
16 years$7,487$6,338$5,340$4,482$3,749$2,059
17 years$6,974$5,837$4,860$4,027$3,324$1,744
18 years$6,518$5,393$4,436$3,629$2,955$1,480
19 years$6,110$4,999$4,061$3,279$2,634$1,258
20 years$5,744$4,645$3,727$2,970$2,353$1,071
21 years$5,413$4,327$3,428$2,696$2,106$913
22 years$5,112$4,039$3,160$2,451$1,887$779
23 years$4,838$3,777$2,917$2,232$1,694$665
24 years$4,587$3,539$2,698$2,036$1,523$569
25 years$4,357$3,321$2,499$1,859$1,370$486
26 years$4,145$3,121$2,318$1,700$1,234$416
27 years$3,949$2,938$2,152$1,556$1,113$356
28 years$3,767$2,768$2,001$1,426$1,004$305
29 years$3,598$2,611$1,862$1,307$907$261
30 years$3,440$2,466$1,734$1,200$819$224
31 years$3,293$2,331$1,617$1,102$741$192
32 years$3,156$2,206$1,508$1,013$670$165
33 years$3,027$2,089$1,408$931$606$141
34 years$2,905$1,980$1,316$857$549$121
35 years$2,791$1,878$1,230$789$497$104
36 years$2,684$1,782$1,151$726$451$89
37 years$2,583$1,693$1,077$669$408$76
38 years$2,487$1,609$1,009$617$370$66
39 years$2,396$1,530$945$569$336$56
40 years$2,310$1,456$886$525$304$48
41 years$2,229$1,386$831$484$276$41
42 years$2,152$1,320$779$447$251$36
43 years$2,078$1,257$731$412$227$30
44 years$2,008$1,198$686$381$206$26
45 years$1,941$1,143$644$352$187$22
46 years$1,878$1,090$605$325$170$19
47 years$1,817$1,040$569$300$155$17
48 years$1,759$993$534$277$140$14
49 years$1,703$948$502$256$127$12
50 years$1,650$906$472$237$116$10

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 $3,084 every year, while hoping to spend $40,732 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: 35/49/16 Blend
50$1,690,000$1,690,000$1,690,000$1,690,000
51$1,865,561$1,775,991$1,749,796$1,921,563
52$2,012,510$1,819,676$1,765,076$2,006,250
53$2,173,082$1,864,137$1,779,502$2,093,510
54$2,348,625$1,909,367$1,793,004$2,186,790
55$2,540,620$1,955,362$1,805,505$2,286,646
56$2,750,701$2,002,112$1,816,927$2,393,690
57$2,980,664$2,049,608$1,827,185$2,508,597
58$3,232,489$2,097,836$1,836,194$2,632,110
59$3,508,357$2,146,783$1,843,860$2,765,046
60$3,810,666$2,196,433$1,850,086$2,908,307
61$4,142,062$2,246,766$1,854,772$3,062,886
62$4,505,455$2,297,760$1,857,809$3,229,878
63$4,904,052$2,349,391$1,859,087$3,410,489
64$5,341,387$2,401,633$1,858,488$3,606,047
65$5,821,349$2,454,453$1,855,887$3,818,018
66$6,348,224$2,507,819$1,851,157$4,048,014
67$6,926,732$2,561,692$1,844,161$4,297,817
68$7,562,075$2,616,031$1,834,756$4,569,386
69$8,259,981$2,670,790$1,822,794$4,864,882
70$9,026,759$2,725,920$1,808,119$5,186,690
71$9,869,364$2,781,365$1,790,566$5,537,434
72$10,795,453$2,837,066$1,769,964$5,920,011
73$11,813,465$2,892,958$1,746,133$6,337,612
74$12,932,696$2,948,970$1,718,886$6,793,755
75$14,163,387$3,005,026$1,688,025$7,292,319
76$15,516,823$3,061,042$1,653,344$7,837,578
77$17,005,436$3,116,930$1,614,628$8,434,248
78$18,642,923$3,172,592$1,571,651$9,087,524
79$20,444,375$3,227,924$1,524,176$9,803,134
80$22,426,423$3,282,813$1,471,956$10,587,393
81$24,607,385$3,337,138$1,414,734$11,447,264
82$27,007,450$3,390,770$1,352,240$12,390,420
83$29,648,861$3,443,568$1,284,190$13,425,323
84$32,556,124$3,495,382$1,210,290$14,561,300
85$35,756,246$3,546,053$1,130,232$15,808,633
86$39,278,980$3,595,407$1,043,692$17,178,658
87$43,157,116$3,643,262$950,335$18,683,870
88$47,426,778$3,689,418$849,808$20,338,044
89$52,127,777$3,733,667$741,745$22,156,365
90$57,303,977$3,775,784$625,760$24,155,574
91$63,003,714$3,815,528$501,453$26,354,125
92$69,280,247$3,852,643$368,407$28,772,359
93$76,192,267$3,886,857$226,183$31,432,700
94$83,804,444$3,917,879$74,325$34,359,868
95$92,188,040$3,945,398$0$37,581,110
96$101,421,583$3,969,086$0$41,141,442
97$111,591,604$3,988,591$0$45,073,509
98$122,793,456$4,003,539$0$49,401,193
99$135,132,210$4,013,535$0$54,164,819
100$148,723,653$4,018,156$0$59,408,825