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%16.4%
1 years$145,339$144,045$142,781$141,549$140,345$136,675
2 years$71,950$70,610$69,311$68,052$66,831$63,158
3 years$47,490$46,144$44,849$43,602$42,400$38,840
4 years$35,263$33,921$32,639$31,413$30,240$26,820
5 years$27,928$26,595$25,329$24,128$22,988$19,717
6 years$23,040$21,716$20,470$19,295$18,190$15,071
7 years$19,550$18,237$17,010$15,864$14,793$11,827
8 years$16,933$15,633$14,426$13,308$12,272$9,458
9 years$14,900$13,611$12,425$11,335$10,335$7,669
10 years$13,273$11,998$10,833$9,771$8,806$6,286
11 years$11,944$10,681$9,537$8,504$7,573$5,195
12 years$10,836$9,586$8,464$7,459$6,563$4,322
13 years$9,900$8,663$7,562$6,585$5,723$3,615
14 years$9,099$7,875$6,794$5,846$5,017$3,036
15 years$8,404$7,194$6,134$5,213$4,417$2,560
16 years$7,797$6,600$5,562$4,668$3,904$2,164
17 years$7,263$6,078$5,061$4,194$3,461$1,834
18 years$6,788$5,617$4,620$3,780$3,078$1,558
19 years$6,363$5,206$4,229$3,415$2,743$1,325
20 years$5,982$4,837$3,881$3,093$2,450$1,129
21 years$5,637$4,506$3,570$2,807$2,193$963
22 years$5,324$4,206$3,290$2,552$1,966$823
23 years$5,039$3,934$3,038$2,325$1,764$703
24 years$4,777$3,686$2,810$2,120$1,586$601
25 years$4,538$3,459$2,602$1,936$1,427$515
26 years$4,316$3,251$2,414$1,770$1,285$441
27 years$4,112$3,059$2,241$1,620$1,159$378
28 years$3,923$2,883$2,084$1,485$1,046$324
29 years$3,747$2,720$1,939$1,361$944$277
30 years$3,583$2,568$1,806$1,250$853$238
31 years$3,429$2,428$1,684$1,148$771$204
32 years$3,286$2,297$1,571$1,055$698$175
33 years$3,152$2,176$1,467$970$631$150
34 years$3,026$2,062$1,370$892$572$129
35 years$2,907$1,956$1,281$821$518$111
36 years$2,795$1,856$1,199$757$469$95
37 years$2,690$1,763$1,122$697$425$82
38 years$2,590$1,676$1,051$642$386$70
39 years$2,496$1,593$984$592$350$60
40 years$2,406$1,516$923$546$317$52
41 years$2,321$1,443$865$504$288$44
42 years$2,241$1,374$811$465$261$38
43 years$2,164$1,309$761$429$237$33
44 years$2,091$1,248$715$397$215$28
45 years$2,022$1,190$671$366$195$24
46 years$1,955$1,135$630$338$177$21
47 years$1,892$1,083$592$313$161$18
48 years$1,832$1,034$557$289$146$15
49 years$1,774$988$523$267$133$13
50 years$1,718$944$492$247$121$11

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 $4,179 every year, while hoping to spend $26,980 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: 49/33/18 Blend
50$1,760,000$1,760,000$1,760,000$1,760,000
51$1,943,831$1,850,551$1,823,271$2,029,107
52$2,113,395$1,912,521$1,855,644$2,150,526
53$2,299,350$1,976,624$1,888,197$2,279,250
54$2,503,341$2,042,935$1,920,908$2,418,508
55$2,727,176$2,111,533$1,953,753$2,569,300
56$2,972,850$2,182,500$1,986,706$2,732,728
57$3,242,558$2,255,921$2,019,738$2,910,000
58$3,538,722$2,331,883$2,052,822$3,102,449
59$3,864,005$2,410,479$2,085,925$3,311,540
60$4,221,343$2,491,802$2,119,013$3,538,883
61$4,613,970$2,575,951$2,152,050$3,786,254
62$5,045,451$2,663,028$2,184,999$4,055,604
63$5,519,709$2,753,138$2,217,819$4,349,082
64$6,041,069$2,846,393$2,250,466$4,669,053
65$6,614,297$2,942,904$2,282,896$5,018,121
66$7,244,640$3,042,792$2,315,058$5,399,153
67$7,937,883$3,146,178$2,346,901$5,815,304
68$8,700,396$3,253,190$2,378,372$6,270,048
69$9,539,201$3,363,960$2,409,411$6,767,213
70$10,462,031$3,478,626$2,439,959$7,311,010
71$11,477,410$3,597,331$2,469,949$7,906,080
72$12,594,728$3,720,221$2,499,314$8,557,530
73$13,824,330$3,847,452$2,527,981$9,270,989
74$15,177,618$3,979,183$2,555,874$10,052,653
75$16,667,151$4,115,580$2,582,913$10,909,347
76$18,306,772$4,256,815$2,609,012$11,848,589
77$20,111,731$4,403,067$2,634,082$12,878,660
78$22,098,832$4,554,522$2,658,028$14,008,680
79$24,286,592$4,711,373$2,680,751$15,248,697
80$26,695,415$4,873,820$2,702,147$16,609,779
81$29,347,782$5,042,073$2,722,104$18,104,116
82$32,268,468$5,216,346$2,740,507$19,745,140
83$35,484,772$5,396,867$2,757,233$21,547,648
84$39,026,773$5,583,868$2,772,155$23,527,939
85$42,927,619$5,777,593$2,785,137$25,703,970
86$47,223,835$5,978,293$2,796,038$28,095,527
87$51,955,669$6,186,233$2,804,708$30,724,405
88$57,167,473$6,401,684$2,810,992$33,614,620
89$62,908,119$6,624,930$2,814,724$36,792,629
90$69,231,462$6,856,267$2,815,732$40,287,583
91$76,196,848$7,096,001$2,813,836$44,131,600
92$83,869,672$7,344,450$2,808,845$48,360,067
93$92,321,998$7,601,947$2,800,560$53,011,976
94$101,633,235$7,868,837$2,788,773$58,130,288
95$111,890,893$8,145,477$2,773,265$63,762,337
96$123,191,400$8,432,242$2,753,805$69,960,282
97$135,641,020$8,729,518$2,730,154$76,781,592
98$149,356,849$9,037,711$2,702,060$84,289,590
99$164,467,928$9,357,238$2,669,259$92,554,050
100$181,116,452$9,688,538$2,631,474$101,651,858