Can I retire at age 51 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$142,862$141,589$140,348$139,136$137,953$133,323
2 years$70,724$69,406$68,130$66,892$65,692$61,073
3 years$46,681$45,358$44,085$42,859$41,678$37,215
4 years$34,662$33,343$32,082$30,877$29,725$25,453
5 years$27,452$26,141$24,897$23,717$22,596$18,526
6 years$22,647$21,346$20,121$18,966$17,880$14,014
7 years$19,217$17,927$16,720$15,593$14,541$10,879
8 years$16,645$15,366$14,180$13,081$12,063$8,603
9 years$14,646$13,379$12,213$11,142$10,159$6,896
10 years$13,047$11,793$10,648$9,604$8,656$5,585
11 years$11,740$10,499$9,374$8,359$7,444$4,560
12 years$10,652$9,423$8,319$7,332$6,451$3,746
13 years$9,732$8,516$7,433$6,473$5,626$3,093
14 years$8,943$7,741$6,678$5,746$4,931$2,564
15 years$8,261$7,071$6,030$5,124$4,342$2,133
16 years$7,665$6,488$5,467$4,588$3,837$1,779
17 years$7,139$5,975$4,975$4,123$3,402$1,487
18 years$6,672$5,521$4,541$3,715$3,025$1,245
19 years$6,255$5,117$4,157$3,357$2,697$1,044
20 years$5,880$4,755$3,815$3,040$2,409$877
21 years$5,541$4,429$3,509$2,759$2,155$737
22 years$5,233$4,134$3,234$2,509$1,932$620
23 years$4,953$3,867$2,986$2,285$1,734$522
24 years$4,696$3,623$2,762$2,084$1,559$440
25 years$4,460$3,400$2,558$1,903$1,403$371
26 years$4,243$3,195$2,372$1,740$1,264$313
27 years$4,042$3,007$2,203$1,593$1,139$264
28 years$3,856$2,834$2,048$1,459$1,028$223
29 years$3,683$2,673$1,906$1,338$928$188
30 years$3,522$2,525$1,775$1,228$839$159
31 years$3,371$2,387$1,655$1,128$758$134
32 years$3,230$2,258$1,544$1,037$686$113
33 years$3,098$2,139$1,442$953$621$96
34 years$2,974$2,027$1,347$877$562$81
35 years$2,858$1,922$1,259$807$509$68
36 years$2,748$1,825$1,178$744$461$58
37 years$2,644$1,733$1,103$685$418$49
38 years$2,546$1,647$1,033$632$379$41
39 years$2,453$1,566$968$582$344$35
40 years$2,365$1,490$907$537$312$29
41 years$2,282$1,418$850$496$283$25
42 years$2,203$1,351$798$457$257$21
43 years$2,127$1,287$748$422$233$18
44 years$2,055$1,227$703$390$211$15
45 years$1,987$1,170$660$360$192$13
46 years$1,922$1,116$620$333$174$11
47 years$1,860$1,065$582$307$158$9
48 years$1,800$1,017$547$284$144$8
49 years$1,743$971$514$262$130$6
50 years$1,689$927$483$242$119$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,730,000, adding $3,254 every year, while hoping to spend $32,734 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: 46/44/10 Blend
50$1,730,000$1,730,000$1,730,000$1,730,000
51$1,909,817$1,818,127$1,791,312$1,992,190
52$2,069,789$1,872,386$1,816,492$2,103,672
53$2,244,982$1,928,207$1,841,418$2,220,901
54$2,436,912$1,985,632$1,866,048$2,347,326
55$2,647,253$2,044,703$1,890,336$2,483,810
56$2,877,844$2,105,464$1,914,234$2,631,303
57$3,130,713$2,167,961$1,937,690$2,790,847
58$3,408,093$2,232,239$1,960,650$2,963,590
59$3,712,445$2,298,346$1,983,058$3,150,795
60$4,046,478$2,366,328$2,004,854$3,353,851
61$4,413,176$2,436,235$2,025,974$3,574,288
62$4,815,827$2,508,118$2,046,351$3,813,788
63$5,258,052$2,582,026$2,065,915$4,074,203
64$5,743,842$2,658,014$2,084,591$4,357,573
65$6,277,589$2,736,132$2,102,301$4,666,142
66$6,864,138$2,816,437$2,118,962$5,002,380
67$7,508,820$2,898,983$2,134,488$5,369,009
68$8,217,513$2,983,826$2,148,786$5,769,023
69$8,996,691$3,071,025$2,161,762$6,205,722
70$9,853,487$3,160,638$2,173,314$6,682,738
71$10,795,758$3,252,725$2,183,335$7,204,071
72$11,832,163$3,347,346$2,191,715$7,774,127
73$12,972,241$3,444,564$2,198,335$8,397,758
74$14,226,503$3,544,441$2,203,073$9,080,308
75$15,606,529$3,647,042$2,205,799$9,827,665
76$17,125,079$3,752,431$2,206,377$10,646,312
77$18,796,211$3,860,674$2,204,665$11,543,393
78$20,635,417$3,971,839$2,200,513$12,526,774
79$22,659,765$4,085,995$2,193,766$13,605,125
80$24,888,061$4,203,209$2,184,257$14,787,994
81$27,341,029$4,323,552$2,171,816$16,085,900
82$30,041,504$4,447,095$2,156,261$17,510,433
83$33,014,644$4,573,910$2,137,403$19,074,361
84$36,288,176$4,704,069$2,115,043$20,791,751
85$39,892,648$4,837,647$2,088,975$22,678,103
86$43,861,723$4,974,716$2,058,981$24,750,491
87$48,232,494$5,115,353$2,024,833$27,027,732
88$53,045,836$5,259,633$1,986,292$29,530,555
89$58,346,788$5,407,632$1,943,109$32,281,802
90$64,184,981$5,559,426$1,895,024$35,306,639
91$70,615,104$5,715,093$1,841,762$38,632,799
92$77,697,422$5,874,710$1,783,039$42,290,835
93$85,498,344$6,038,356$1,718,555$46,314,419
94$94,091,046$6,206,107$1,647,999$50,740,648
95$103,556,168$6,378,041$1,571,042$55,610,402
96$113,982,570$6,554,238$1,487,344$60,968,728
97$125,468,170$6,734,774$1,396,549$66,865,261
98$138,120,872$6,919,726$1,298,281$73,354,698
99$152,059,581$7,109,172$1,192,153$80,497,308
100$167,415,324$7,303,188$1,077,757$88,359,507