Can I retire at age 51 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$140,384$139,134$137,914$136,723$135,560$133,150
2 years$69,497$68,203$66,949$65,732$64,553$62,133
3 years$45,871$44,571$43,320$42,115$40,955$38,600
4 years$34,061$32,765$31,526$30,342$29,209$26,939
5 years$26,976$25,688$24,465$23,305$22,204$20,024
6 years$22,255$20,976$19,772$18,637$17,570$15,482
7 years$18,883$17,616$16,430$15,323$14,289$12,294
8 years$16,356$15,100$13,934$12,854$11,854$9,952
9 years$14,392$13,147$12,002$10,949$9,983$8,173
10 years$12,821$11,589$10,463$9,438$8,506$6,786
11 years$11,537$10,317$9,212$8,214$7,315$5,683
12 years$10,467$9,260$8,175$7,205$6,339$4,793
13 years$9,563$8,368$7,304$6,361$5,528$4,066
14 years$8,788$7,606$6,563$5,646$4,846$3,464
15 years$8,118$6,949$5,925$5,035$4,267$2,964
16 years$7,532$6,375$5,372$4,509$3,771$2,543
17 years$7,015$5,871$4,888$4,051$3,343$2,188
18 years$6,556$5,425$4,462$3,651$2,973$1,888
19 years$6,146$5,028$4,085$3,299$2,650$1,631
20 years$5,778$4,672$3,749$2,988$2,367$1,412
21 years$5,445$4,352$3,448$2,712$2,118$1,224
22 years$5,142$4,063$3,178$2,465$1,899$1,062
23 years$4,867$3,800$2,935$2,245$1,704$923
24 years$4,615$3,560$2,714$2,048$1,532$803
25 years$4,383$3,341$2,514$1,870$1,378$699
26 years$4,169$3,140$2,331$1,710$1,242$608
27 years$3,972$2,955$2,165$1,565$1,119$530
28 years$3,789$2,784$2,013$1,434$1,010$462
29 years$3,619$2,627$1,873$1,315$912$403
30 years$3,460$2,481$1,744$1,207$824$352
31 years$3,313$2,345$1,626$1,108$745$307
32 years$3,174$2,219$1,517$1,019$674$268
33 years$3,044$2,101$1,417$937$610$234
34 years$2,923$1,992$1,324$862$552$205
35 years$2,808$1,889$1,238$793$500$179
36 years$2,700$1,793$1,158$731$453$156
37 years$2,598$1,703$1,084$673$411$136
38 years$2,502$1,618$1,015$621$372$119
39 years$2,411$1,539$951$572$338$104
40 years$2,324$1,464$891$528$306$91
41 years$2,242$1,394$836$487$278$80
42 years$2,164$1,327$784$449$252$70
43 years$2,090$1,265$736$415$229$61
44 years$2,020$1,206$690$383$208$53
45 years$1,953$1,150$648$354$189$47
46 years$1,889$1,097$609$327$171$41
47 years$1,828$1,047$572$302$155$36
48 years$1,769$999$538$279$141$31
49 years$1,713$954$505$258$128$27
50 years$1,660$911$475$238$116$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,700,000, adding $3,778 every year, while hoping to spend $54,707 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: 75/5/20 Blend
50$1,700,000$1,700,000$1,700,000$1,700,000
51$1,877,297$1,787,197$1,760,847$2,008,958
52$2,010,573$1,816,562$1,761,628$2,126,132
53$2,155,611$1,845,532$1,760,601$2,247,469
54$2,313,550$1,874,030$1,757,648$2,379,053
55$2,485,649$1,901,974$1,752,646$2,521,891
56$2,673,289$1,929,275$1,745,464$2,677,095
57$2,877,993$1,955,838$1,735,965$2,845,891
58$3,101,436$1,981,561$1,724,007$3,029,627
59$3,345,461$2,006,337$1,709,440$3,229,791
60$3,612,098$2,030,048$1,692,107$3,448,023
61$3,903,583$2,052,571$1,671,843$3,686,129
62$4,222,375$2,073,774$1,648,477$3,946,101
63$4,571,184$2,093,515$1,621,827$4,230,133
64$4,952,993$2,111,645$1,591,706$4,540,643
65$5,371,085$2,128,003$1,557,916$4,880,298
66$5,829,079$2,142,418$1,520,249$5,252,035
67$6,330,958$2,154,710$1,478,490$5,659,094
68$6,881,109$2,164,683$1,432,413$6,105,043
69$7,484,363$2,172,134$1,381,780$6,593,815
70$8,146,044$2,176,844$1,326,345$7,129,749
71$8,872,011$2,178,580$1,265,848$7,717,621
72$9,668,721$2,177,096$1,200,019$8,362,701
73$10,543,287$2,172,130$1,128,576$9,070,794
74$11,503,541$2,163,403$1,051,223$9,848,299
75$12,558,114$2,150,622$967,650$10,702,269
76$13,716,512$2,133,472$877,536$11,640,479
77$14,989,206$2,111,622$780,544$12,671,497
78$16,387,734$2,084,721$676,321$13,804,768
79$17,924,805$2,052,394$564,500$15,050,700
80$19,614,421$2,014,248$444,697$16,420,766
81$21,472,009$1,969,863$316,511$17,927,613
82$23,514,563$1,918,795$179,524$19,585,176
83$25,760,809$1,860,577$33,298$21,408,818
84$28,231,377$1,794,710$0$23,415,469
85$30,948,995$1,720,669$0$25,649,986
86$33,938,709$1,637,898$0$28,116,025
87$37,228,110$1,545,807$0$30,829,247
88$40,847,600$1,443,776$0$33,814,748
89$44,830,680$1,331,144$0$37,100,177
90$49,214,256$1,207,218$0$40,716,004
91$54,039,000$1,071,261$0$44,695,803
92$59,349,721$922,496$0$49,076,567
93$65,195,796$760,102$0$53,899,063
94$71,631,631$583,211$0$59,208,211
95$78,717,177$390,907$0$65,053,512
96$86,518,490$182,223$0$71,489,510
97$95,108,360$0$0$78,576,310
98$104,566,994$0$0$86,382,561
99$114,982,773$0$0$94,989,877
100$126,453,084$0$0$104,468,723