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%15.6%
1 years$142,036$140,771$139,536$138,332$137,155$134,003
2 years$70,315$69,005$67,736$66,506$65,312$62,153
3 years$46,411$45,096$43,830$42,611$41,437$38,371
4 years$34,461$33,150$31,897$30,699$29,553$26,603
5 years$27,293$25,990$24,753$23,580$22,466$19,640
6 years$22,516$21,223$20,004$18,857$17,776$15,078
7 years$19,106$17,823$16,624$15,503$14,457$11,886
8 years$16,549$15,278$14,098$13,005$11,993$9,550
9 years$14,561$13,302$12,143$11,078$10,100$7,781
10 years$12,972$11,725$10,586$9,549$8,606$6,409
11 years$11,672$10,438$9,320$8,310$7,401$5,324
12 years$10,590$9,369$8,271$7,289$6,414$4,452
13 years$9,675$8,466$7,390$6,435$5,593$3,744
14 years$8,892$7,696$6,640$5,713$4,903$3,162
15 years$8,213$7,030$5,995$5,095$4,317$2,681
16 years$7,620$6,450$5,435$4,562$3,815$2,280
17 years$7,098$5,940$4,946$4,099$3,383$1,943
18 years$6,633$5,489$4,515$3,694$3,008$1,660
19 years$6,219$5,087$4,133$3,338$2,681$1,421
20 years$5,846$4,727$3,793$3,023$2,395$1,218
21 years$5,509$4,403$3,489$2,743$2,143$1,045
22 years$5,203$4,110$3,216$2,494$1,921$898
23 years$4,924$3,844$2,969$2,272$1,724$773
24 years$4,669$3,602$2,746$2,072$1,550$665
25 years$4,434$3,380$2,543$1,892$1,395$573
26 years$4,218$3,177$2,359$1,730$1,256$494
27 years$4,019$2,990$2,190$1,584$1,133$426
28 years$3,834$2,817$2,036$1,451$1,022$367
29 years$3,661$2,658$1,895$1,331$923$317
30 years$3,501$2,510$1,765$1,221$834$274
31 years$3,352$2,373$1,645$1,121$754$236
32 years$3,212$2,245$1,535$1,031$682$204
33 years$3,080$2,126$1,433$948$617$176
34 years$2,957$2,015$1,339$872$559$152
35 years$2,841$1,911$1,252$803$506$132
36 years$2,732$1,814$1,171$739$459$114
37 years$2,629$1,723$1,096$681$416$98
38 years$2,531$1,637$1,027$628$377$85
39 years$2,439$1,557$962$579$342$74
40 years$2,352$1,481$902$534$310$64
41 years$2,269$1,410$845$493$281$55
42 years$2,190$1,343$793$455$255$48
43 years$2,115$1,280$744$420$232$41
44 years$2,044$1,220$699$388$210$36
45 years$1,976$1,163$656$358$191$31
46 years$1,911$1,110$616$331$173$27
47 years$1,849$1,059$579$305$157$23
48 years$1,790$1,011$544$282$143$20
49 years$1,733$965$511$261$130$17
50 years$1,679$922$481$241$118$15

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 $4,484 every year, while hoping to spend $49,968 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: 58/20/22 Blend
50$1,720,000$1,720,000$1,720,000$1,720,000
51$1,900,065$1,808,905$1,782,245$1,998,830
52$2,040,706$1,844,376$1,788,785$2,102,062
53$2,194,018$1,879,910$1,793,869$2,208,792
54$2,361,240$1,915,458$1,797,396$2,324,065
55$2,543,737$1,950,966$1,799,259$2,448,719
56$2,743,011$1,986,376$1,799,346$2,583,676
57$2,960,714$2,021,624$1,797,541$2,729,953
58$3,198,668$2,056,645$1,793,719$2,888,671
59$3,458,875$2,091,364$1,787,753$3,061,066
60$3,743,544$2,125,704$1,779,505$3,248,503
61$4,055,101$2,159,580$1,768,835$3,452,483
62$4,396,224$2,192,901$1,755,594$3,674,665
63$4,769,858$2,225,573$1,739,625$3,916,874
64$5,179,247$2,257,489$1,720,765$4,181,127
65$5,627,964$2,288,539$1,698,845$4,469,644
66$6,119,943$2,318,605$1,673,683$4,784,876
67$6,659,519$2,347,558$1,645,093$5,129,523
68$7,251,465$2,375,264$1,612,879$5,506,563
69$7,901,039$2,401,576$1,576,835$5,919,279
70$8,614,032$2,426,340$1,536,746$6,371,293
71$9,396,823$2,449,391$1,492,387$6,866,595
72$10,256,440$2,470,552$1,443,523$7,409,588
73$11,200,625$2,489,637$1,389,908$8,005,124
74$12,237,903$2,506,444$1,331,285$8,658,553
75$13,377,671$2,520,762$1,267,385$9,375,775
76$14,630,278$2,532,363$1,197,926$10,163,293
77$16,007,125$2,541,007$1,122,616$11,028,278
78$17,520,774$2,546,439$1,041,146$11,978,635
79$19,185,064$2,548,386$953,195$13,023,080
80$21,015,243$2,546,559$858,430$14,171,223
81$23,028,109$2,540,652$756,498$15,433,655
82$25,242,171$2,530,338$647,036$16,822,057
83$27,677,820$2,515,273$529,659$18,349,302
84$30,357,526$2,495,089$403,971$20,029,585
85$33,306,043$2,469,399$269,554$21,878,552
86$36,550,649$2,437,789$125,974$23,913,453
87$40,121,398$2,399,823$0$26,153,301
88$44,051,404$2,355,038$0$28,625,457
89$48,377,156$2,302,943$0$31,378,603
90$53,138,859$2,243,020$0$34,408,724
91$58,380,813$2,174,719$0$37,744,020
92$64,151,833$2,097,457$0$41,415,568
93$70,505,707$2,010,619$0$45,457,616
94$77,501,703$1,913,553$0$49,907,910
95$85,205,129$1,805,570$0$54,808,047
96$93,687,950$1,685,941$0$60,203,869
97$103,029,464$1,553,895$0$66,145,897
98$113,317,050$1,408,617$0$72,689,810
99$124,646,995$1,249,245$0$79,896,968
100$137,125,400$1,074,870$0$87,834,995