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%18.5%
1 years$139,559$138,316$137,103$135,919$134,763$130,137
2 years$69,088$67,802$66,555$65,346$64,173$59,559
3 years$45,601$44,309$43,065$41,868$40,714$36,258
4 years$33,860$32,572$31,341$30,163$29,037$24,773
5 years$26,817$25,537$24,322$23,168$22,074$18,012
6 years$22,124$20,853$19,655$18,528$17,466$13,610
7 years$18,772$17,512$16,334$15,233$14,205$10,554
8 years$16,260$15,011$13,852$12,778$11,784$8,336
9 years$14,307$13,070$11,931$10,884$9,924$6,674
10 years$12,745$11,520$10,402$9,382$8,456$5,398
11 years$11,469$10,256$9,157$8,166$7,272$4,401
12 years$10,405$9,205$8,127$7,162$6,302$3,611
13 years$9,507$8,319$7,261$6,323$5,495$2,978
14 years$8,737$7,562$6,524$5,613$4,817$2,465
15 years$8,070$6,908$5,890$5,006$4,241$2,048
16 years$7,487$6,338$5,340$4,482$3,749$1,705
17 years$6,974$5,837$4,860$4,027$3,324$1,423
18 years$6,518$5,393$4,436$3,629$2,955$1,190
19 years$6,110$4,999$4,061$3,279$2,634$997
20 years$5,744$4,645$3,727$2,970$2,353$836
21 years$5,413$4,327$3,428$2,696$2,106$701
22 years$5,112$4,039$3,160$2,451$1,887$589
23 years$4,838$3,777$2,917$2,232$1,694$495
24 years$4,587$3,539$2,698$2,036$1,523$417
25 years$4,357$3,321$2,499$1,859$1,370$351
26 years$4,145$3,121$2,318$1,700$1,234$295
27 years$3,949$2,938$2,152$1,556$1,113$249
28 years$3,767$2,768$2,001$1,426$1,004$210
29 years$3,598$2,611$1,862$1,307$907$177
30 years$3,440$2,466$1,734$1,200$819$149
31 years$3,293$2,331$1,617$1,102$741$125
32 years$3,156$2,206$1,508$1,013$670$106
33 years$3,027$2,089$1,408$931$606$89
34 years$2,905$1,980$1,316$857$549$75
35 years$2,791$1,878$1,230$789$497$63
36 years$2,684$1,782$1,151$726$451$54
37 years$2,583$1,693$1,077$669$408$45
38 years$2,487$1,609$1,009$617$370$38
39 years$2,396$1,530$945$569$336$32
40 years$2,310$1,456$886$525$304$27
41 years$2,229$1,386$831$484$276$23
42 years$2,152$1,320$779$447$251$19
43 years$2,078$1,257$731$412$227$16
44 years$2,008$1,198$686$381$206$14
45 years$1,941$1,143$644$352$187$12
46 years$1,878$1,090$605$325$170$10
47 years$1,817$1,040$569$300$155$8
48 years$1,759$993$534$277$140$7
49 years$1,703$948$502$256$127$6
50 years$1,650$906$472$237$116$5

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 $3,028 every year, while hoping to spend $21,168 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: 53/20/27 Blend
50$1,690,000$1,690,000$1,690,000$1,690,000
51$1,865,503$1,775,933$1,749,738$1,950,185
52$2,033,262$1,840,432$1,785,832$2,073,639
53$2,217,423$1,907,381$1,822,425$2,205,509
54$2,419,636$1,976,878$1,859,513$2,348,597
55$2,641,720$2,049,027$1,897,088$2,503,984
56$2,885,678$2,123,932$1,935,143$2,672,861
57$3,153,717$2,201,704$1,973,670$2,856,537
58$3,448,267$2,282,458$2,012,658$3,056,455
59$3,772,007$2,366,315$2,052,099$3,274,199
60$4,127,887$2,453,400$2,091,979$3,511,517
61$4,519,157$2,543,842$2,132,286$3,770,331
62$4,949,398$2,637,778$2,173,006$4,052,757
63$5,422,558$2,735,349$2,214,122$4,361,124
64$5,942,981$2,836,704$2,255,617$4,697,999
65$6,515,458$2,941,996$2,297,474$5,066,205
66$7,145,266$3,051,385$2,339,670$5,468,853
67$7,838,219$3,165,039$2,382,185$5,909,367
68$8,600,724$3,283,132$2,424,995$6,391,520
69$9,439,839$3,405,847$2,468,074$6,919,465
70$10,363,342$3,533,373$2,511,393$7,497,776
71$11,379,802$3,665,907$2,554,924$8,131,493
72$12,498,662$3,803,657$2,598,635$8,826,165
73$13,730,327$3,946,837$2,642,490$9,587,904
74$15,086,261$4,095,673$2,686,454$10,423,444
75$16,579,096$4,250,397$2,730,487$11,340,200
76$18,222,753$4,411,256$2,774,547$12,346,343
77$20,032,569$4,578,503$2,818,590$13,450,871
78$22,025,446$4,752,404$2,862,567$14,663,699
79$24,220,008$4,933,238$2,906,429$15,995,749
80$26,636,775$5,121,294$2,950,122$17,459,052
81$29,298,363$5,316,873$2,993,587$19,066,864
82$32,229,688$5,520,292$3,036,764$20,833,786
83$35,458,209$5,731,880$3,079,589$22,775,909
84$39,014,185$5,951,980$3,121,993$24,910,957
85$42,930,955$6,180,951$3,163,904$27,258,458
86$47,245,262$6,419,167$3,205,244$29,839,930
87$51,997,592$6,667,019$3,245,933$32,679,077
88$57,232,558$6,924,915$3,285,884$35,802,020
89$62,999,325$7,193,281$3,325,006$39,237,535
90$69,352,066$7,472,563$3,363,205$43,017,333
91$76,350,482$7,763,223$3,400,377$47,176,349
92$84,060,358$8,065,748$3,436,416$51,753,079
93$92,554,189$8,380,643$3,471,210$56,789,938
94$101,911,860$8,708,439$3,504,639$62,333,664
95$112,221,403$9,049,686$3,536,578$68,435,752
96$123,579,827$9,404,962$3,566,895$75,152,946
97$136,094,034$9,774,869$3,595,451$82,547,771
98$149,881,826$10,160,038$3,622,098$90,689,122
99$165,073,017$10,561,125$3,646,684$99,652,913
100$181,810,662$10,978,818$3,669,045$109,522,796