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%14.3%
1 years$142,862$141,589$140,348$139,136$137,953$135,500
2 years$70,724$69,406$68,130$66,892$65,692$63,229
3 years$46,681$45,358$44,085$42,859$41,678$39,282
4 years$34,662$33,343$32,082$30,877$29,725$27,414
5 years$27,452$26,141$24,897$23,717$22,596$20,377
6 years$22,647$21,346$20,121$18,966$17,880$15,755
7 years$19,217$17,927$16,720$15,593$14,541$12,511
8 years$16,645$15,366$14,180$13,081$12,063$10,128
9 years$14,646$13,379$12,213$11,142$10,159$8,317
10 years$13,047$11,793$10,648$9,604$8,656$6,906
11 years$11,740$10,499$9,374$8,359$7,444$5,784
12 years$10,652$9,423$8,319$7,332$6,451$4,878
13 years$9,732$8,516$7,433$6,473$5,626$4,137
14 years$8,943$7,741$6,678$5,746$4,931$3,526
15 years$8,261$7,071$6,030$5,124$4,342$3,016
16 years$7,665$6,488$5,467$4,588$3,837$2,588
17 years$7,139$5,975$4,975$4,123$3,402$2,227
18 years$6,672$5,521$4,541$3,715$3,025$1,921
19 years$6,255$5,117$4,157$3,357$2,697$1,660
20 years$5,880$4,755$3,815$3,040$2,409$1,437
21 years$5,541$4,429$3,509$2,759$2,155$1,246
22 years$5,233$4,134$3,234$2,509$1,932$1,081
23 years$4,953$3,867$2,986$2,285$1,734$939
24 years$4,696$3,623$2,762$2,084$1,559$817
25 years$4,460$3,400$2,558$1,903$1,403$711
26 years$4,243$3,195$2,372$1,740$1,264$619
27 years$4,042$3,007$2,203$1,593$1,139$539
28 years$3,856$2,834$2,048$1,459$1,028$470
29 years$3,683$2,673$1,906$1,338$928$410
30 years$3,522$2,525$1,775$1,228$839$358
31 years$3,371$2,387$1,655$1,128$758$312
32 years$3,230$2,258$1,544$1,037$686$273
33 years$3,098$2,139$1,442$953$621$238
34 years$2,974$2,027$1,347$877$562$208
35 years$2,858$1,922$1,259$807$509$182
36 years$2,748$1,825$1,178$744$461$159
37 years$2,644$1,733$1,103$685$418$139
38 years$2,546$1,647$1,033$632$379$121
39 years$2,453$1,566$968$582$344$106
40 years$2,365$1,490$907$537$312$93
41 years$2,282$1,418$850$496$283$81
42 years$2,203$1,351$798$457$257$71
43 years$2,127$1,287$748$422$233$62
44 years$2,055$1,227$703$390$211$54
45 years$1,987$1,170$660$360$192$47
46 years$1,922$1,116$620$333$174$42
47 years$1,860$1,065$582$307$158$36
48 years$1,800$1,017$547$284$144$32
49 years$1,743$971$514$262$130$28
50 years$1,689$927$483$242$119$24

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 $5,741 every year, while hoping to spend $30,825 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: 48/35/17 Blend
50$1,730,000$1,730,000$1,730,000$1,730,000
51$1,912,382$1,820,692$1,793,877$1,994,790
52$2,074,647$1,877,108$1,821,174$2,108,912
53$2,252,431$1,935,256$1,848,353$2,229,150
54$2,447,282$1,995,187$1,875,376$2,359,047
55$2,660,909$2,056,956$1,902,206$2,499,519
56$2,895,193$2,120,617$1,928,800$2,651,572
57$3,152,203$2,186,228$1,955,116$2,816,317
58$3,434,223$2,253,848$1,981,107$2,994,974
59$3,743,763$2,323,537$2,006,724$3,188,885
60$4,083,594$2,395,356$2,031,916$3,399,529
61$4,456,763$2,469,371$2,056,628$3,628,531
62$4,866,629$2,545,647$2,080,801$3,877,684
63$5,316,893$2,624,252$2,104,376$4,148,959
64$5,811,631$2,705,255$2,127,287$4,444,525
65$6,355,333$2,788,728$2,149,467$4,766,774
66$6,952,947$2,874,746$2,170,844$5,118,336
67$7,609,923$2,963,383$2,191,342$5,502,109
68$8,332,264$3,054,718$2,210,882$5,921,283
69$9,126,588$3,148,832$2,229,379$6,379,375
70$10,000,183$3,245,808$2,246,746$6,880,253
71$10,961,078$3,345,729$2,262,889$7,428,180
72$12,018,123$3,448,684$2,277,710$8,027,852
73$13,181,065$3,554,763$2,291,107$8,684,440
74$14,460,645$3,664,059$2,302,971$9,403,642
75$15,868,699$3,776,666$2,313,189$10,191,732
76$17,418,266$3,892,682$2,321,640$11,055,622
77$19,123,714$4,012,208$2,328,200$12,002,929
78$21,000,874$4,135,348$2,332,736$13,042,040
79$23,067,191$4,262,208$2,335,110$14,182,199
80$25,341,885$4,392,897$2,335,177$15,433,587
81$27,846,136$4,527,527$2,332,785$16,807,422
82$30,603,282$4,666,215$2,327,772$18,316,062
83$33,639,036$4,809,080$2,319,972$19,973,125
84$36,981,735$4,956,242$2,309,209$21,793,613
85$40,662,603$5,107,828$2,295,298$23,794,055
86$44,716,043$5,263,967$2,278,046$25,992,665
87$49,179,970$5,424,792$2,257,250$28,409,510
88$54,096,158$5,590,437$2,232,699$31,066,699
89$59,510,641$5,761,044$2,204,170$33,988,597
90$65,474,147$5,936,756$2,171,430$37,202,047
91$72,042,574$6,117,721$2,134,237$40,736,630
92$79,277,517$6,304,090$2,092,334$44,624,937
93$87,246,852$6,496,019$2,045,456$48,902,884
94$96,025,375$6,693,667$1,993,322$53,610,043
95$105,695,507$6,897,200$1,935,642$58,790,022
96$116,348,071$7,106,786$1,872,109$64,490,870
97$128,083,153$7,322,597$1,802,403$70,765,538
98$141,011,043$7,544,812$1,726,192$77,672,370
99$155,253,274$7,773,613$1,643,124$85,275,660
100$170,943,775$8,009,187$1,552,836$93,646,253