Can I retire at age 51 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$141,210$139,952$138,725$137,527$136,358$135,385
2 years$69,906$68,604$67,342$66,119$64,932$63,951
3 years$46,141$44,834$43,575$42,363$41,196$40,237
4 years$34,261$32,957$31,711$30,520$29,381$28,452
5 years$27,135$25,839$24,609$23,442$22,335$21,438
6 years$22,385$21,099$19,888$18,747$17,673$16,810
7 years$18,994$17,719$16,527$15,413$14,373$13,544
8 years$16,452$15,189$14,016$12,930$11,924$11,128
9 years$14,476$13,225$12,072$11,013$10,041$9,280
10 years$12,896$11,657$10,525$9,493$8,556$7,827
11 years$11,604$10,377$9,266$8,262$7,358$6,663
12 years$10,529$9,314$8,223$7,247$6,377$5,713
13 years$9,619$8,417$7,347$6,398$5,560$4,929
14 years$8,840$7,651$6,601$5,679$4,874$4,273
15 years$8,166$6,989$5,960$5,065$4,292$3,720
16 years$7,576$6,413$5,404$4,535$3,793$3,251
17 years$7,056$5,906$4,917$4,075$3,363$2,849
18 years$6,595$5,457$4,489$3,672$2,990$2,503
19 years$6,182$5,058$4,109$3,318$2,665$2,205
20 years$5,812$4,700$3,771$3,005$2,381$1,945
21 years$5,477$4,378$3,469$2,727$2,131$1,719
22 years$5,173$4,086$3,197$2,480$1,910$1,522
23 years$4,895$3,822$2,952$2,258$1,714$1,349
24 years$4,642$3,581$2,730$2,060$1,541$1,197
25 years$4,409$3,361$2,529$1,881$1,386$1,063
26 years$4,194$3,158$2,345$1,720$1,249$945
27 years$3,995$2,972$2,178$1,574$1,126$841
28 years$3,811$2,801$2,024$1,443$1,016$749
29 years$3,640$2,642$1,884$1,323$917$667
30 years$3,481$2,495$1,755$1,214$829$595
31 years$3,332$2,359$1,636$1,115$749$530
32 years$3,193$2,232$1,526$1,025$678$473
33 years$3,062$2,114$1,425$942$614$422
34 years$2,940$2,003$1,332$867$555$377
35 years$2,825$1,900$1,245$798$503$337
36 years$2,716$1,804$1,165$735$456$301
37 years$2,613$1,713$1,090$677$413$269
38 years$2,516$1,628$1,021$624$375$240
39 years$2,425$1,548$956$576$340$215
40 years$2,338$1,473$896$531$308$192
41 years$2,255$1,402$841$490$280$171
42 years$2,177$1,335$788$452$254$153
43 years$2,103$1,272$740$417$230$137
44 years$2,032$1,213$694$385$209$123
45 years$1,964$1,156$652$356$190$110
46 years$1,900$1,103$612$329$172$98
47 years$1,838$1,053$575$304$156$88
48 years$1,780$1,005$541$281$142$79
49 years$1,723$960$508$259$129$70
50 years$1,670$917$478$240$117$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,710,000, adding $5,675 every year, while hoping to spend $27,315 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: 51/23/26 Blend
50$1,710,000$1,710,000$1,710,000$1,710,000
51$1,890,274$1,799,644$1,773,139$1,972,610
52$2,054,019$1,858,763$1,803,476$2,089,568
53$2,233,550$1,919,864$1,833,914$2,213,455
54$2,430,450$1,983,015$1,864,427$2,347,620
55$2,646,459$2,048,286$1,894,989$2,493,052
56$2,883,496$2,115,750$1,925,569$2,650,838
57$3,143,674$2,185,484$1,956,138$2,822,177
58$3,429,322$2,257,566$1,986,662$3,008,387
59$3,743,003$2,332,077$2,017,105$3,210,919
60$4,087,543$2,409,101$2,047,431$3,431,371
61$4,466,051$2,488,727$2,077,599$3,671,503
62$4,881,958$2,571,044$2,107,568$3,933,252
63$5,339,039$2,656,146$2,137,293$4,218,750
64$5,841,454$2,744,130$2,166,725$4,530,347
65$6,393,787$2,835,097$2,195,815$4,870,629
66$7,001,088$2,929,152$2,224,510$5,242,446
67$7,668,921$3,026,402$2,252,753$5,648,936
68$8,403,414$3,126,960$2,280,484$6,093,554
69$9,211,323$3,230,941$2,307,640$6,580,108
70$10,100,087$3,338,466$2,334,155$7,112,790
71$11,077,905$3,449,660$2,359,959$7,696,220
72$12,153,810$3,564,652$2,384,976$8,335,486
73$13,337,755$3,683,577$2,409,129$9,036,193
74$14,640,707$3,806,573$2,432,336$9,804,515
75$16,074,749$3,933,784$2,454,509$10,647,256
76$17,653,194$4,065,361$2,475,556$11,571,909
77$19,390,714$4,201,458$2,495,381$12,586,732
78$21,303,473$4,342,235$2,513,882$13,700,821
79$23,409,283$4,487,861$2,530,953$14,924,198
80$25,727,770$4,638,507$2,546,481$16,267,906
81$28,280,562$4,794,352$2,560,347$17,744,109
82$31,091,488$4,955,584$2,572,427$19,366,215
83$34,186,807$5,122,395$2,582,591$21,148,991
84$37,595,454$5,294,986$2,590,701$23,108,711
85$41,349,314$5,473,563$2,596,612$25,263,307
86$45,483,519$5,658,343$2,600,174$27,632,535
87$50,036,786$5,849,549$2,601,228$30,238,167
88$55,051,775$6,047,414$2,599,606$33,104,189
89$60,575,497$6,252,179$2,595,134$36,257,035
90$66,659,755$6,464,092$2,587,627$39,725,828
91$73,361,631$6,683,415$2,576,895$43,542,663
92$80,744,031$6,910,415$2,562,734$47,742,904
93$88,876,270$7,145,373$2,544,934$52,365,518
94$97,834,732$7,388,580$2,523,272$57,453,445
95$107,703,590$7,640,335$2,497,516$63,054,003
96$118,575,597$7,900,952$2,467,424$69,219,332
97$130,552,966$8,170,756$2,432,740$76,006,887
98$143,748,330$8,450,085$2,393,198$83,479,979
99$158,285,808$8,739,288$2,348,519$91,708,377
100$174,302,176$9,038,728$2,298,410$100,768,961