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%11%
1 years$140,384$139,134$137,914$136,723$135,560$134,989
2 years$69,497$68,203$66,949$65,732$64,553$63,976
3 years$45,871$44,571$43,320$42,115$40,955$40,391
4 years$34,061$32,765$31,526$30,342$29,209$28,662
5 years$26,976$25,688$24,465$23,305$22,204$21,675
6 years$22,255$20,976$19,772$18,637$17,570$17,059
7 years$18,883$17,616$16,430$15,323$14,289$13,798
8 years$16,356$15,100$13,934$12,854$11,854$11,382
9 years$14,392$13,147$12,002$10,949$9,983$9,530
10 years$12,821$11,589$10,463$9,438$8,506$8,073
11 years$11,537$10,317$9,212$8,214$7,315$6,901
12 years$10,467$9,260$8,175$7,205$6,339$5,943
13 years$9,563$8,368$7,304$6,361$5,528$5,150
14 years$8,788$7,606$6,563$5,646$4,846$4,485
15 years$8,118$6,949$5,925$5,035$4,267$3,923
16 years$7,532$6,375$5,372$4,509$3,771$3,444
17 years$7,015$5,871$4,888$4,051$3,343$3,033
18 years$6,556$5,425$4,462$3,651$2,973$2,679
19 years$6,146$5,028$4,085$3,299$2,650$2,371
20 years$5,778$4,672$3,749$2,988$2,367$2,103
21 years$5,445$4,352$3,448$2,712$2,118$1,868
22 years$5,142$4,063$3,178$2,465$1,899$1,662
23 years$4,867$3,800$2,935$2,245$1,704$1,481
24 years$4,615$3,560$2,714$2,048$1,532$1,321
25 years$4,383$3,341$2,514$1,870$1,378$1,180
26 years$4,169$3,140$2,331$1,710$1,242$1,055
27 years$3,972$2,955$2,165$1,565$1,119$943
28 years$3,789$2,784$2,013$1,434$1,010$845
29 years$3,619$2,627$1,873$1,315$912$757
30 years$3,460$2,481$1,744$1,207$824$678
31 years$3,313$2,345$1,626$1,108$745$608
32 years$3,174$2,219$1,517$1,019$674$546
33 years$3,044$2,101$1,417$937$610$490
34 years$2,923$1,992$1,324$862$552$440
35 years$2,808$1,889$1,238$793$500$395
36 years$2,700$1,793$1,158$731$453$355
37 years$2,598$1,703$1,084$673$411$319
38 years$2,502$1,618$1,015$621$372$287
39 years$2,411$1,539$951$572$338$258
40 years$2,324$1,464$891$528$306$232
41 years$2,242$1,394$836$487$278$209
42 years$2,164$1,327$784$449$252$188
43 years$2,090$1,265$736$415$229$169
44 years$2,020$1,206$690$383$208$152
45 years$1,953$1,150$648$354$189$137
46 years$1,889$1,097$609$327$171$123
47 years$1,828$1,047$572$302$155$111
48 years$1,769$999$538$279$141$100
49 years$1,713$954$505$258$128$90
50 years$1,660$911$475$238$116$81

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 $4,643 every year, while hoping to spend $34,893 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: 76/5/19 Blend
50$1,700,000$1,700,000$1,700,000$1,700,000
51$1,878,189$1,788,089$1,761,739$2,012,337
52$2,032,639$1,838,580$1,783,632$2,152,257
53$2,201,672$1,890,375$1,805,088$2,300,857
54$2,386,741$1,943,502$1,826,057$2,462,864
55$2,589,443$1,997,987$1,846,484$2,639,607
56$2,811,537$2,053,859$1,866,311$2,832,550
57$3,054,960$2,111,145$1,885,480$3,043,305
58$3,321,847$2,169,872$1,903,924$3,273,648
59$3,614,548$2,230,068$1,921,578$3,525,536
60$3,935,651$2,291,761$1,938,370$3,801,125
61$4,288,008$2,354,977$1,954,226$4,102,790
62$4,674,759$2,419,746$1,969,067$4,433,147
63$5,099,365$2,486,093$1,982,811$4,795,079
64$5,565,635$2,554,047$1,995,370$5,191,761
65$6,077,768$2,623,633$2,006,653$5,626,695
66$6,640,388$2,694,879$2,016,564$6,103,735
67$7,258,590$2,767,811$2,025,001$6,627,129
68$7,937,987$2,842,454$2,031,859$7,201,560
69$8,684,761$2,918,834$2,037,026$7,832,185
70$9,505,725$2,996,975$2,040,384$8,524,687
71$10,408,383$3,076,901$2,041,812$9,285,331
72$11,401,004$3,158,635$2,041,179$10,121,016
73$12,492,698$3,242,200$2,038,350$11,039,346
74$13,693,502$3,327,616$2,033,183$12,048,703
75$15,014,474$3,414,905$2,025,530$13,158,319
76$16,467,799$3,504,083$2,015,233$14,378,369
77$18,066,901$3,595,170$2,002,130$15,720,066
78$19,826,572$3,688,180$1,986,049$17,195,765
79$21,763,111$3,783,129$1,966,809$18,819,083
80$23,894,474$3,880,029$1,944,223$20,605,023
81$26,240,449$3,978,889$1,918,094$22,570,119
82$28,822,840$4,079,719$1,888,215$24,732,592
83$31,665,669$4,182,524$1,854,369$27,112,520
84$34,795,407$4,287,309$1,816,331$29,732,030
85$38,241,224$4,394,072$1,773,863$32,615,504
86$42,035,260$4,502,813$1,726,719$35,789,811
87$46,212,931$4,613,525$1,674,638$39,284,564
88$50,813,261$4,726,199$1,617,350$43,132,392
89$55,879,254$4,840,822$1,554,571$47,369,255
90$61,458,293$4,957,378$1,486,004$52,034,779
91$67,602,594$5,075,845$1,411,341$57,172,634
92$74,369,694$5,196,196$1,330,256$62,830,945
93$81,822,994$5,318,402$1,242,411$69,062,742
94$90,032,360$5,442,424$1,147,453$75,926,469
95$99,074,780$5,568,222$1,045,011$83,486,529
96$109,035,088$5,695,745$934,699$91,813,897
97$120,006,770$5,824,940$816,115$100,986,786
98$132,092,842$5,955,744$688,836$111,091,389
99$145,406,823$6,088,086$552,423$122,222,689
100$160,073,807$6,221,889$406,417$134,485,362