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%13.1%
1 years$140,384$139,134$137,914$136,723$135,560$133,811
2 years$69,497$68,203$66,949$65,732$64,553$62,793
3 years$45,871$44,571$43,320$42,115$40,955$39,239
4 years$34,061$32,765$31,526$30,342$29,209$27,551
5 years$26,976$25,688$24,465$23,305$22,204$20,608
6 years$22,255$20,976$19,772$18,637$17,570$16,037
7 years$18,883$17,616$16,430$15,323$14,289$12,821
8 years$16,356$15,100$13,934$12,854$11,854$10,451
9 years$14,392$13,147$12,002$10,949$9,983$8,643
10 years$12,821$11,589$10,463$9,438$8,506$7,229
11 years$11,537$10,317$9,212$8,214$7,315$6,101
12 years$10,467$9,260$8,175$7,205$6,339$5,185
13 years$9,563$8,368$7,304$6,361$5,528$4,433
14 years$8,788$7,606$6,563$5,646$4,846$3,808
15 years$8,118$6,949$5,925$5,035$4,267$3,284
16 years$7,532$6,375$5,372$4,509$3,771$2,842
17 years$7,015$5,871$4,888$4,051$3,343$2,466
18 years$6,556$5,425$4,462$3,651$2,973$2,146
19 years$6,146$5,028$4,085$3,299$2,650$1,871
20 years$5,778$4,672$3,749$2,988$2,367$1,634
21 years$5,445$4,352$3,448$2,712$2,118$1,429
22 years$5,142$4,063$3,178$2,465$1,899$1,252
23 years$4,867$3,800$2,935$2,245$1,704$1,098
24 years$4,615$3,560$2,714$2,048$1,532$964
25 years$4,383$3,341$2,514$1,870$1,378$847
26 years$4,169$3,140$2,331$1,710$1,242$744
27 years$3,972$2,955$2,165$1,565$1,119$655
28 years$3,789$2,784$2,013$1,434$1,010$577
29 years$3,619$2,627$1,873$1,315$912$508
30 years$3,460$2,481$1,744$1,207$824$448
31 years$3,313$2,345$1,626$1,108$745$395
32 years$3,174$2,219$1,517$1,019$674$348
33 years$3,044$2,101$1,417$937$610$307
34 years$2,923$1,992$1,324$862$552$271
35 years$2,808$1,889$1,238$793$500$239
36 years$2,700$1,793$1,158$731$453$211
37 years$2,598$1,703$1,084$673$411$186
38 years$2,502$1,618$1,015$621$372$165
39 years$2,411$1,539$951$572$338$145
40 years$2,324$1,464$891$528$306$128
41 years$2,242$1,394$836$487$278$113
42 years$2,164$1,327$784$449$252$100
43 years$2,090$1,265$736$415$229$89
44 years$2,020$1,206$690$383$208$78
45 years$1,953$1,150$648$354$189$69
46 years$1,889$1,097$609$327$171$61
47 years$1,828$1,047$572$302$155$54
48 years$1,769$999$538$279$141$48
49 years$1,713$954$505$258$128$42
50 years$1,660$911$475$238$116$37

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 $4,160 every year, while hoping to spend $22,070 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: 76/9/15 Blend
50$1,700,000$1,700,000$1,700,000$1,700,000
51$1,877,691$1,787,591$1,761,241$2,014,034
52$2,045,733$1,851,701$1,796,760$2,168,746
53$2,230,176$1,918,212$1,832,730$2,335,141
54$2,432,669$1,987,219$1,869,141$2,516,958
55$2,655,029$2,058,821$1,905,985$2,715,730
56$2,899,258$2,133,120$1,943,252$2,933,139
57$3,167,561$2,210,221$1,980,930$3,171,041
58$3,462,368$2,290,237$2,019,006$3,431,479
59$3,786,353$2,373,283$2,057,467$3,716,704
60$4,142,466$2,459,478$2,096,297$4,029,193
61$4,533,955$2,548,950$2,135,480$4,371,676
62$4,964,397$2,641,828$2,174,997$4,747,160
63$5,437,736$2,738,248$2,214,830$5,158,957
64$5,958,315$2,838,352$2,254,957$5,610,714
65$6,530,920$2,942,288$2,295,355$6,106,451
66$7,160,824$3,050,210$2,335,999$6,650,594
67$7,853,836$3,162,278$2,376,863$7,248,020
68$8,616,358$3,278,660$2,417,918$7,904,102
69$9,455,441$3,399,529$2,459,134$8,624,757
70$10,378,858$3,525,068$2,500,477$9,416,508
71$11,395,171$3,655,466$2,541,912$10,286,537
72$12,513,814$3,790,919$2,583,402$11,242,759
73$13,745,183$3,931,635$2,624,906$12,293,894
74$15,100,734$4,077,826$2,666,382$13,449,550
75$16,593,087$4,229,718$2,707,784$14,720,311
76$18,236,150$4,387,543$2,749,063$16,117,840
77$20,045,249$4,551,544$2,790,169$17,654,988
78$22,037,270$4,721,975$2,831,045$19,345,912
79$24,230,820$4,899,101$2,871,633$21,206,213
80$26,646,404$5,083,196$2,911,873$23,253,080
81$29,306,614$5,274,550$2,951,698$25,505,452
82$32,236,348$5,473,462$2,991,038$27,984,198
83$35,463,038$5,680,245$3,029,821$30,712,314
84$39,016,917$5,895,225$3,067,969$33,715,137
85$42,931,295$6,118,744$3,105,399$37,020,586
86$47,242,882$6,351,157$3,142,024$40,659,425
87$51,992,127$6,592,836$3,177,753$44,665,553
88$57,223,606$6,844,166$3,212,489$49,076,324
89$62,986,435$7,105,552$3,246,130$53,932,898
90$69,334,743$7,377,416$3,278,567$59,280,631
91$76,328,175$7,660,197$3,309,687$65,169,501
92$84,032,458$7,954,355$3,339,370$71,654,581
93$92,520,020$8,260,370$3,367,490$78,796,556
94$101,870,674$8,578,741$3,393,914$86,662,299
95$112,172,375$8,909,991$3,418,502$95,325,501
96$123,522,042$9,254,665$3,441,106$104,867,364
97$136,026,480$9,613,333$3,461,573$115,377,367
98$149,803,384$9,986,590$3,479,739$126,954,115
99$164,982,452$10,375,055$3,495,432$139,706,263
100$181,706,606$10,779,377$3,508,474$153,753,547