Can I retire at age 51 with 1,760,000?

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 $1,760,000?

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$145,339$144,045$142,781$141,549$140,345$136,289
2 years$71,950$70,610$69,311$68,052$66,831$62,777
3 years$47,490$46,144$44,849$43,602$42,400$38,475
4 years$35,263$33,921$32,639$31,413$30,240$26,474
5 years$27,928$26,595$25,329$24,128$22,988$19,392
6 years$23,040$21,716$20,470$19,295$18,190$14,766
7 years$19,550$18,237$17,010$15,864$14,793$11,542
8 years$16,933$15,633$14,426$13,308$12,272$9,192
9 years$14,900$13,611$12,425$11,335$10,335$7,422
10 years$13,273$11,998$10,833$9,771$8,806$6,056
11 years$11,944$10,681$9,537$8,504$7,573$4,983
12 years$10,836$9,586$8,464$7,459$6,563$4,126
13 years$9,900$8,663$7,562$6,585$5,723$3,435
14 years$9,099$7,875$6,794$5,846$5,017$2,872
15 years$8,404$7,194$6,134$5,213$4,417$2,409
16 years$7,797$6,600$5,562$4,668$3,904$2,027
17 years$7,263$6,078$5,061$4,194$3,461$1,709
18 years$6,788$5,617$4,620$3,780$3,078$1,444
19 years$6,363$5,206$4,229$3,415$2,743$1,222
20 years$5,982$4,837$3,881$3,093$2,450$1,036
21 years$5,637$4,506$3,570$2,807$2,193$879
22 years$5,324$4,206$3,290$2,552$1,966$746
23 years$5,039$3,934$3,038$2,325$1,764$634
24 years$4,777$3,686$2,810$2,120$1,586$540
25 years$4,538$3,459$2,602$1,936$1,427$459
26 years$4,316$3,251$2,414$1,770$1,285$391
27 years$4,112$3,059$2,241$1,620$1,159$333
28 years$3,923$2,883$2,084$1,485$1,046$284
29 years$3,747$2,720$1,939$1,361$944$242
30 years$3,583$2,568$1,806$1,250$853$206
31 years$3,429$2,428$1,684$1,148$771$176
32 years$3,286$2,297$1,571$1,055$698$150
33 years$3,152$2,176$1,467$970$631$128
34 years$3,026$2,062$1,370$892$572$109
35 years$2,907$1,956$1,281$821$518$93
36 years$2,795$1,856$1,199$757$469$80
37 years$2,690$1,763$1,122$697$425$68
38 years$2,590$1,676$1,051$642$386$58
39 years$2,496$1,593$984$592$350$50
40 years$2,406$1,516$923$546$317$42
41 years$2,321$1,443$865$504$288$36
42 years$2,241$1,374$811$465$261$31
43 years$2,164$1,309$761$429$237$26
44 years$2,091$1,248$715$397$215$22
45 years$2,022$1,190$671$366$195$19
46 years$1,955$1,135$630$338$177$16
47 years$1,892$1,083$592$313$161$14
48 years$1,832$1,034$557$289$146$12
49 years$1,774$988$523$267$133$10
50 years$1,718$944$492$247$121$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,760,000, adding $3,687 every year, while hoping to spend $25,137 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: 63/7/30 Blend
50$1,760,000$1,760,000$1,760,000$1,760,000
51$1,943,323$1,850,043$1,822,763$2,049,872
52$2,114,797$1,913,950$1,857,080$2,186,627
53$2,302,918$1,980,145$1,891,704$2,332,893
54$2,509,358$2,048,715$1,926,619$2,492,145
55$2,735,959$2,119,749$1,961,808$2,665,661
56$2,984,749$2,193,338$1,997,250$2,854,850
57$3,257,962$2,269,580$2,032,926$3,061,264
58$3,558,058$2,348,574$2,068,813$3,286,613
59$3,887,749$2,430,423$2,104,888$3,532,779
60$4,250,023$2,515,237$2,141,125$3,801,835
61$4,648,168$2,603,127$2,177,495$4,096,066
62$5,085,810$2,694,209$2,213,971$4,417,987
63$5,566,943$2,788,606$2,250,519$4,770,372
64$6,095,967$2,886,443$2,287,107$5,156,272
65$6,677,729$2,987,852$2,323,698$5,579,052
66$7,317,570$3,092,969$2,360,254$6,042,419
67$8,021,373$3,201,936$2,396,735$6,550,455
68$8,795,624$3,314,901$2,433,095$7,107,659
69$9,647,463$3,432,017$2,469,290$7,718,987
70$10,584,764$3,553,445$2,505,271$8,389,900
71$11,616,196$3,679,351$2,540,984$9,126,415
72$12,751,316$3,809,907$2,576,375$9,935,161
73$14,000,652$3,945,294$2,611,385$10,823,443
74$15,375,804$4,085,698$2,645,951$11,799,309
75$16,889,554$4,231,316$2,680,009$12,871,628
76$18,555,988$4,382,350$2,713,489$14,050,171
77$20,390,625$4,539,011$2,746,317$15,345,705
78$22,410,565$4,701,519$2,778,415$16,770,096
79$24,634,653$4,870,103$2,809,702$18,336,417
80$27,083,650$5,045,001$2,840,090$20,059,074
81$29,780,438$5,226,462$2,869,488$21,953,942
82$32,750,227$5,414,743$2,897,801$24,038,512
83$36,020,799$5,610,114$2,924,925$26,332,062
84$39,622,765$5,812,854$2,950,755$28,855,830
85$43,589,859$6,023,256$2,975,177$31,633,223
86$47,959,252$6,241,623$2,998,073$34,690,034
87$52,771,905$6,468,272$3,019,318$38,054,684
88$58,072,954$6,703,532$3,038,780$41,758,493
89$63,912,137$6,947,746$3,056,320$45,835,976
90$70,344,262$7,201,273$3,071,794$50,325,164
91$77,429,727$7,464,485$3,085,049$55,267,968
92$85,235,085$7,737,771$3,095,924$60,710,575
93$93,833,676$8,021,534$3,104,250$66,703,877
94$103,306,319$8,316,198$3,109,851$73,303,962
95$113,742,072$8,622,200$3,112,539$80,572,632
96$125,239,075$8,940,000$3,112,121$88,577,996
97$137,905,475$9,270,074$3,108,391$97,395,108
98$151,860,446$9,612,920$3,101,135$107,106,676
99$167,235,315$9,969,056$3,090,126$117,803,843
100$184,174,802$10,339,025$3,075,130$129,587,050