Can I retire at age 51 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$142,036$140,771$139,536$138,332$137,155$133,192
2 years$70,315$69,005$67,736$66,506$65,312$61,350
3 years$46,411$45,096$43,830$42,611$41,437$37,601
4 years$34,461$33,150$31,897$30,699$29,553$25,873
5 years$27,293$25,990$24,753$23,580$22,466$18,951
6 years$22,516$21,223$20,004$18,857$17,776$14,430
7 years$19,106$17,823$16,624$15,503$14,457$11,279
8 years$16,549$15,278$14,098$13,005$11,993$8,983
9 years$14,561$13,302$12,143$11,078$10,100$7,253
10 years$12,972$11,725$10,586$9,549$8,606$5,919
11 years$11,672$10,438$9,320$8,310$7,401$4,870
12 years$10,590$9,369$8,271$7,289$6,414$4,033
13 years$9,675$8,466$7,390$6,435$5,593$3,357
14 years$8,892$7,696$6,640$5,713$4,903$2,806
15 years$8,213$7,030$5,995$5,095$4,317$2,354
16 years$7,620$6,450$5,435$4,562$3,815$1,981
17 years$7,098$5,940$4,946$4,099$3,383$1,670
18 years$6,633$5,489$4,515$3,694$3,008$1,411
19 years$6,219$5,087$4,133$3,338$2,681$1,194
20 years$5,846$4,727$3,793$3,023$2,395$1,012
21 years$5,509$4,403$3,489$2,743$2,143$859
22 years$5,203$4,110$3,216$2,494$1,921$729
23 years$4,924$3,844$2,969$2,272$1,724$620
24 years$4,669$3,602$2,746$2,072$1,550$527
25 years$4,434$3,380$2,543$1,892$1,395$449
26 years$4,218$3,177$2,359$1,730$1,256$382
27 years$4,019$2,990$2,190$1,584$1,133$326
28 years$3,834$2,817$2,036$1,451$1,022$277
29 years$3,661$2,658$1,895$1,331$923$236
30 years$3,501$2,510$1,765$1,221$834$202
31 years$3,352$2,373$1,645$1,121$754$172
32 years$3,212$2,245$1,535$1,031$682$147
33 years$3,080$2,126$1,433$948$617$125
34 years$2,957$2,015$1,339$872$559$107
35 years$2,841$1,911$1,252$803$506$91
36 years$2,732$1,814$1,171$739$459$78
37 years$2,629$1,723$1,096$681$416$66
38 years$2,531$1,637$1,027$628$377$57
39 years$2,439$1,557$962$579$342$48
40 years$2,352$1,481$902$534$310$41
41 years$2,269$1,410$845$493$281$35
42 years$2,190$1,343$793$455$255$30
43 years$2,115$1,280$744$420$232$26
44 years$2,044$1,220$699$388$210$22
45 years$1,976$1,163$656$358$191$19
46 years$1,911$1,110$616$331$173$16
47 years$1,849$1,059$579$305$157$14
48 years$1,790$1,011$544$282$143$12
49 years$1,733$965$511$261$130$10
50 years$1,679$922$481$241$118$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,720,000, adding $5,965 every year, while hoping to spend $23,570 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: 76/6/18 Blend
50$1,720,000$1,720,000$1,720,000$1,720,000
51$1,901,593$1,810,433$1,783,773$2,037,874
52$2,070,477$1,874,066$1,818,451$2,192,475
53$2,255,797$1,940,027$1,853,501$2,358,425
54$2,459,206$2,008,405$1,888,910$2,539,745
55$2,682,521$2,079,293$1,924,665$2,737,962
56$2,927,748$2,152,788$1,960,750$2,954,758
57$3,197,093$2,228,990$1,997,151$3,191,985
58$3,492,989$2,308,003$2,033,848$3,451,683
59$3,818,115$2,389,936$2,070,823$3,736,100
60$4,175,422$2,474,902$2,108,055$4,047,711
61$4,568,162$2,563,020$2,145,522$4,389,243
62$4,999,918$2,654,410$2,183,200$4,763,698
63$5,474,635$2,749,202$2,221,062$5,174,386
64$5,996,662$2,847,527$2,259,083$5,624,952
65$6,570,790$2,949,525$2,297,230$6,119,411
66$7,202,297$3,055,337$2,335,473$6,662,187
67$7,896,998$3,165,116$2,373,778$7,258,154
68$8,661,300$3,279,015$2,412,109$7,912,680
69$9,502,264$3,397,198$2,450,425$8,631,683
70$10,427,667$3,519,833$2,488,687$9,421,679
71$11,446,082$3,647,097$2,526,851$10,289,851
72$12,566,950$3,779,173$2,564,868$11,244,109
73$13,800,678$3,916,252$2,602,691$12,293,172
74$15,158,731$4,058,532$2,640,265$13,446,645
75$16,653,743$4,206,221$2,677,535$14,715,111
76$18,299,634$4,359,535$2,714,441$16,110,232
77$20,111,743$4,518,699$2,750,921$17,644,857
78$22,106,971$4,683,946$2,786,908$19,333,145
79$24,303,944$4,855,521$2,822,331$21,190,695
80$26,723,183$5,033,678$2,857,115$23,234,698
81$29,387,301$5,218,682$2,891,182$25,484,095
82$32,321,218$5,410,809$2,924,449$27,959,758
83$35,552,391$5,610,348$2,956,827$30,684,685
84$39,111,078$5,817,598$2,988,224$33,684,221
85$43,030,620$6,032,872$3,018,541$36,986,289
86$47,347,756$6,256,496$3,047,675$40,621,662
87$52,102,973$6,488,810$3,075,518$44,624,249
88$57,340,883$6,730,168$3,101,955$49,031,414
89$63,110,647$6,980,940$3,126,864$53,884,334
90$69,466,439$7,241,512$3,150,120$59,228,378
91$76,467,954$7,512,284$3,171,587$65,113,545
92$84,180,975$7,793,677$3,191,126$71,594,929
93$92,677,994$8,086,126$3,208,587$78,733,243
94$102,038,891$8,390,088$3,223,817$86,595,390
95$112,351,693$8,706,037$3,236,650$95,255,093
96$123,713,404$9,034,471$3,246,916$104,793,593
97$136,230,917$9,375,906$3,254,433$115,300,416
98$150,022,026$9,730,881$3,259,013$126,874,217
99$165,216,539$10,099,961$3,260,456$139,623,708
100$181,957,499$10,483,731$3,258,554$153,668,691