Can I retire at age 51 with 1,740,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$143,688$142,408$141,159$139,940$138,750$136,508
2 years$71,132$69,808$68,524$67,279$66,071$63,818
3 years$46,951$45,620$44,339$43,106$41,918$39,725
4 years$34,862$33,536$32,268$31,056$29,897$27,780
5 years$27,611$26,292$25,041$23,854$22,727$20,692
6 years$22,778$21,470$20,237$19,076$17,983$16,033
7 years$19,328$18,030$16,817$15,683$14,625$12,761
8 years$16,741$15,455$14,262$13,156$12,133$10,354
9 years$14,730$13,457$12,284$11,206$10,218$8,523
10 years$13,122$11,861$10,709$9,660$8,706$7,094
11 years$11,808$10,559$9,428$8,407$7,487$5,956
12 years$10,713$9,478$8,367$7,374$6,488$5,036
13 years$9,788$8,565$7,476$6,510$5,658$4,283
14 years$8,995$7,785$6,717$5,779$4,960$3,660
15 years$8,309$7,112$6,065$5,154$4,367$3,139
16 years$7,709$6,525$5,498$4,615$3,860$2,701
17 years$7,180$6,009$5,003$4,146$3,422$2,331
18 years$6,711$5,553$4,567$3,737$3,043$2,017
19 years$6,291$5,146$4,181$3,376$2,712$1,748
20 years$5,914$4,782$3,837$3,058$2,423$1,517
21 years$5,573$4,455$3,530$2,775$2,168$1,319
22 years$5,263$4,158$3,253$2,523$1,943$1,149
23 years$4,981$3,889$3,004$2,298$1,744$1,001
24 years$4,723$3,644$2,778$2,096$1,568$873
25 years$4,486$3,419$2,573$1,914$1,411$762
26 years$4,267$3,214$2,386$1,750$1,271$666
27 years$4,065$3,025$2,216$1,602$1,146$582
28 years$3,878$2,850$2,060$1,468$1,034$509
29 years$3,704$2,689$1,917$1,346$934$446
30 years$3,542$2,539$1,786$1,235$843$390
31 years$3,391$2,400$1,665$1,135$763$342
32 years$3,249$2,271$1,553$1,043$690$299
33 years$3,116$2,151$1,450$959$624$262
34 years$2,991$2,039$1,355$882$565$230
35 years$2,874$1,934$1,267$812$512$202
36 years$2,764$1,835$1,185$748$464$177
37 years$2,659$1,743$1,109$689$420$155
38 years$2,561$1,656$1,039$635$381$136
39 years$2,467$1,575$973$586$346$119
40 years$2,379$1,499$912$540$313$105
41 years$2,295$1,427$855$498$284$92
42 years$2,215$1,359$802$460$258$81
43 years$2,139$1,294$753$425$234$71
44 years$2,067$1,234$707$392$213$62
45 years$1,999$1,177$664$362$193$54
46 years$1,933$1,122$623$334$175$48
47 years$1,871$1,071$585$309$159$42
48 years$1,811$1,023$550$286$145$37
49 years$1,754$977$517$264$131$32
50 years$1,699$933$486$244$119$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,740,000, adding $2,386 every year, while hoping to spend $23,995 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: 56/15/29 Blend
50$1,740,000$1,740,000$1,740,000$1,740,000
51$1,919,941$1,827,721$1,800,751$2,011,956
52$2,090,245$1,891,749$1,835,546$2,139,633
53$2,277,115$1,958,110$1,870,702$2,275,993
54$2,482,216$2,026,893$1,906,206$2,424,091
55$2,707,383$2,098,191$1,942,044$2,585,069
56$2,954,633$2,172,100$1,978,200$2,760,183
57$3,226,193$2,248,720$2,014,657$2,950,819
58$3,524,512$2,328,155$2,051,396$3,158,498
59$3,852,292$2,410,514$2,088,397$3,384,898
60$4,212,505$2,495,909$2,125,638$3,631,866
61$4,608,430$2,584,458$2,163,096$3,901,435
62$5,043,676$2,676,282$2,200,746$4,195,846
63$5,522,221$2,771,510$2,238,561$4,517,564
64$6,048,446$2,870,272$2,276,511$4,869,307
65$6,627,179$2,972,707$2,314,566$5,254,065
66$7,263,739$3,078,958$2,352,691$5,675,133
67$7,963,987$3,189,173$2,390,853$6,136,142
68$8,734,380$3,303,509$2,429,013$6,641,090
69$9,582,031$3,422,125$2,467,130$7,194,379
70$10,514,781$3,545,192$2,505,161$7,800,862
71$11,541,266$3,672,884$2,543,061$8,465,882
72$12,671,002$3,805,382$2,580,781$9,195,326
73$13,914,476$3,942,878$2,618,269$9,995,681
74$15,283,242$4,085,568$2,655,470$10,874,090
75$16,790,031$4,233,659$2,692,327$11,838,426
76$18,448,872$4,387,366$2,728,777$12,897,362
77$20,275,221$4,546,911$2,764,755$14,060,452
78$22,286,111$4,712,528$2,800,192$15,338,223
79$24,500,311$4,884,458$2,835,016$16,742,274
80$26,938,502$5,062,956$2,869,148$18,285,384
81$29,623,471$5,248,283$2,902,506$19,981,634
82$32,580,331$5,440,714$2,935,006$21,846,538
83$35,836,751$5,640,535$2,966,555$23,897,189
84$39,423,223$5,848,044$2,997,057$26,152,422
85$43,373,345$6,063,552$3,026,412$28,632,990
86$47,724,141$6,287,381$3,054,512$31,361,761
87$52,516,410$6,519,870$3,081,245$34,363,932
88$57,795,110$6,761,369$3,106,492$37,667,267
89$63,609,781$7,012,246$3,130,129$41,302,358
90$70,015,014$7,272,882$3,152,025$45,302,917
91$77,070,968$7,543,675$3,172,040$49,706,090
92$84,843,934$7,825,042$3,190,030$54,552,807
93$93,406,961$8,117,416$3,205,843$59,888,173
94$102,840,549$8,421,247$3,219,316$65,761,888
95$113,233,405$8,737,008$3,230,283$72,228,718
96$124,683,280$9,065,189$3,238,565$79,349,013
97$137,297,894$9,406,303$3,243,977$87,189,274
98$151,195,953$9,760,885$3,246,323$95,822,781
99$166,508,263$10,129,492$3,245,399$105,330,286
100$183,378,975$10,512,706$3,240,988$115,800,773