Can I retire at age 51 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$146,165$144,863$143,593$142,353$141,142$139,321
2 years$72,359$71,011$69,705$68,439$67,211$65,378
3 years$47,760$46,407$45,104$43,849$42,641$40,855
4 years$35,463$34,114$32,824$31,591$30,412$28,685
5 years$28,087$26,746$25,473$24,265$23,119$21,457
6 years$23,171$21,840$20,586$19,405$18,293$16,698
7 years$19,661$18,341$17,107$15,954$14,877$13,349
8 years$17,030$15,722$14,508$13,383$12,342$10,881
9 years$14,984$13,689$12,496$11,400$10,394$8,999
10 years$13,349$12,066$10,894$9,827$8,856$7,527
11 years$12,012$10,741$9,591$8,552$7,616$6,352
12 years$10,898$9,641$8,512$7,501$6,600$5,398
13 years$9,957$8,713$7,605$6,623$5,756$4,615
14 years$9,150$7,920$6,833$5,879$5,045$3,964
15 years$8,452$7,235$6,169$5,243$4,442$3,419
16 years$7,842$6,638$5,593$4,694$3,926$2,959
17 years$7,304$6,113$5,090$4,218$3,481$2,568
18 years$6,826$5,649$4,646$3,801$3,095$2,234
19 years$6,399$5,235$4,253$3,435$2,759$1,948
20 years$6,016$4,865$3,904$3,111$2,464$1,701
21 years$5,669$4,531$3,590$2,823$2,205$1,488
22 years$5,354$4,230$3,309$2,567$1,977$1,303
23 years$5,067$3,956$3,055$2,338$1,774$1,143
24 years$4,805$3,707$2,826$2,132$1,595$1,003
25 years$4,563$3,478$2,617$1,947$1,435$881
26 years$4,341$3,269$2,427$1,780$1,293$775
27 years$4,135$3,077$2,254$1,630$1,166$682
28 years$3,945$2,899$2,095$1,493$1,052$600
29 years$3,768$2,735$1,950$1,369$950$529
30 years$3,603$2,583$1,816$1,257$858$466
31 years$3,449$2,442$1,693$1,154$776$411
32 years$3,305$2,310$1,580$1,061$702$362
33 years$3,170$2,188$1,475$975$635$320
34 years$3,043$2,074$1,378$897$575$282
35 years$2,924$1,967$1,289$826$521$249
36 years$2,811$1,867$1,205$761$472$220
37 years$2,705$1,773$1,128$701$428$194
38 years$2,605$1,685$1,057$646$388$171
39 years$2,510$1,602$990$596$352$151
40 years$2,420$1,524$928$550$319$134
41 years$2,335$1,451$870$507$289$118
42 years$2,253$1,382$816$468$263$104
43 years$2,176$1,317$766$432$238$92
44 years$2,103$1,255$719$399$216$81
45 years$2,033$1,197$675$368$196$72
46 years$1,966$1,142$634$340$178$64
47 years$1,903$1,090$596$314$162$56
48 years$1,842$1,040$560$290$147$50
49 years$1,784$993$526$268$134$44
50 years$1,728$949$495$248$121$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,770,000, adding $6,230 every year, while hoping to spend $54,366 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: 74/19/7 Blend
50$1,770,000$1,770,000$1,770,000$1,770,000
51$1,956,966$1,863,156$1,835,721$2,099,458
52$2,098,732$1,896,606$1,839,373$2,227,596
53$2,253,135$1,929,872$1,841,325$2,360,439
54$2,421,408$1,962,890$1,841,463$2,504,417
55$2,604,907$1,995,586$1,839,666$2,660,612
56$2,805,122$2,027,884$1,835,810$2,830,216
57$3,023,697$2,059,703$1,829,762$3,014,543
58$3,262,438$2,090,953$1,821,383$3,215,040
59$3,523,336$2,121,539$1,810,529$3,433,299
60$3,808,582$2,151,360$1,797,047$3,671,077
61$4,120,588$2,180,307$1,780,779$3,930,308
62$4,462,010$2,208,263$1,761,556$4,213,121
63$4,835,771$2,235,105$1,739,205$4,521,866
64$5,245,094$2,260,699$1,713,543$4,859,128
65$5,693,524$2,284,904$1,684,377$5,227,759
66$6,184,967$2,307,568$1,651,507$5,630,897
67$6,723,724$2,328,529$1,614,723$6,072,005
68$7,314,533$2,347,616$1,573,805$6,554,894
69$7,962,611$2,364,645$1,528,523$7,083,768
70$8,673,707$2,379,422$1,478,638$7,663,258
71$9,454,150$2,391,738$1,423,897$8,298,465
72$10,310,913$2,401,374$1,364,038$8,995,015
73$11,251,678$2,408,093$1,298,785$9,759,104
74$12,284,906$2,411,647$1,227,851$10,597,562
75$13,419,919$2,411,769$1,150,937$11,517,916
76$14,666,984$2,408,180$1,067,727$12,528,461
77$16,037,415$2,400,578$977,893$13,638,340
78$17,543,672$2,388,648$881,094$14,857,627
79$19,199,487$2,372,053$776,971$16,197,427
80$21,019,986$2,350,434$665,151$17,669,975
81$23,021,833$2,323,414$545,242$19,288,759
82$25,223,390$2,290,590$416,837$21,068,643
83$27,644,885$2,251,539$279,510$23,026,009
84$30,308,607$2,205,808$132,818$25,178,909
85$33,239,112$2,152,920$0$27,547,241
86$36,463,459$2,092,371$0$30,154,708
87$40,011,459$2,023,624$0$33,034,406
88$43,915,960$1,946,113$0$36,203,080
89$48,213,154$1,859,240$0$39,690,123
90$52,942,923$1,762,369$0$43,527,932
91$58,149,206$1,654,830$0$47,752,206
92$63,880,423$1,535,915$0$52,402,288
93$70,189,923$1,404,872$0$57,521,535
94$77,136,494$1,260,910$0$63,157,728
95$84,784,913$1,103,190$0$69,363,524
96$93,206,555$930,828$0$76,196,954
97$102,480,073$742,888$0$83,721,969
98$112,692,133$538,382$0$92,009,048
99$123,938,234$316,266$0$101,135,862
100$136,323,610$75,439$0$111,188,005