Can I retire at age 51 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$146,991$145,681$144,404$143,157$141,940$137,177
2 years$72,768$71,412$70,099$68,826$67,590$62,839
3 years$48,030$46,669$45,359$44,097$42,882$38,291
4 years$35,663$34,307$33,010$31,770$30,584$26,188
5 years$28,246$26,897$25,617$24,402$23,249$19,061
6 years$23,302$21,963$20,702$19,515$18,396$14,419
7 years$19,772$18,445$17,204$16,044$14,961$11,194
8 years$17,126$15,810$14,590$13,459$12,412$8,852
9 years$15,069$13,766$12,566$11,464$10,453$7,095
10 years$13,424$12,134$10,956$9,882$8,906$5,747
11 years$12,079$10,802$9,645$8,600$7,660$4,691
12 years$10,960$9,695$8,560$7,544$6,638$3,854
13 years$10,013$8,762$7,648$6,660$5,788$3,182
14 years$9,202$7,964$6,871$5,912$5,074$2,638
15 years$8,500$7,275$6,204$5,272$4,467$2,195
16 years$7,886$6,675$5,625$4,721$3,948$1,830
17 years$7,345$6,148$5,118$4,242$3,501$1,530
18 years$6,865$5,681$4,672$3,823$3,113$1,281
19 years$6,436$5,265$4,277$3,454$2,774$1,075
20 years$6,050$4,892$3,926$3,128$2,478$902
21 years$5,701$4,557$3,611$2,839$2,218$759
22 years$5,384$4,254$3,328$2,581$1,988$638
23 years$5,096$3,978$3,073$2,351$1,784$537
24 years$4,832$3,728$2,842$2,144$1,604$453
25 years$4,589$3,498$2,632$1,958$1,443$382
26 years$4,366$3,288$2,441$1,790$1,300$322
27 years$4,159$3,094$2,267$1,639$1,172$272
28 years$3,967$2,916$2,107$1,502$1,058$229
29 years$3,789$2,750$1,961$1,377$955$193
30 years$3,623$2,598$1,827$1,264$863$163
31 years$3,468$2,456$1,703$1,161$780$138
32 years$3,324$2,323$1,589$1,067$706$116
33 years$3,188$2,200$1,483$981$639$98
34 years$3,060$2,085$1,386$902$578$83
35 years$2,940$1,978$1,296$831$524$70
36 years$2,827$1,877$1,212$765$475$59
37 years$2,720$1,783$1,135$705$430$50
38 years$2,619$1,695$1,063$650$390$42
39 years$2,524$1,611$995$599$354$36
40 years$2,434$1,533$933$553$321$30
41 years$2,348$1,459$875$510$291$26
42 years$2,266$1,390$821$471$264$22
43 years$2,189$1,324$770$434$240$18
44 years$2,115$1,262$723$401$217$15
45 years$2,045$1,204$679$370$197$13
46 years$1,978$1,148$638$342$179$11
47 years$1,914$1,096$599$316$163$9
48 years$1,852$1,046$563$292$148$8
49 years$1,794$999$529$270$134$7
50 years$1,738$954$497$250$122$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,780,000, adding $5,351 every year, while hoping to spend $29,945 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: 87/8/5 Blend
50$1,780,000$1,780,000$1,780,000$1,780,000
51$1,967,080$1,872,740$1,845,150$2,137,906
52$2,135,860$1,932,643$1,875,101$2,309,824
53$2,320,853$1,994,477$1,905,052$2,494,015
54$2,523,680$2,058,306$1,934,971$2,695,474
55$2,746,128$2,124,195$1,964,824$2,915,916
56$2,990,163$2,192,212$1,994,577$3,157,232
57$3,257,954$2,262,424$2,024,189$3,421,503
58$3,551,888$2,334,905$2,053,622$3,711,024
59$3,874,594$2,409,729$2,082,832$4,028,317
60$4,228,969$2,486,973$2,111,773$4,376,166
61$4,618,204$2,566,714$2,140,398$4,757,634
62$5,045,814$2,649,037$2,168,655$5,176,095
63$5,515,672$2,734,025$2,196,489$5,635,266
64$6,032,044$2,821,765$2,223,845$6,139,242
65$6,599,630$2,912,349$2,250,661$6,692,534
66$7,223,607$3,005,869$2,276,873$7,300,111
67$7,909,681$3,102,422$2,302,414$7,967,446
68$8,664,136$3,202,108$2,327,213$8,700,570
69$9,493,897$3,305,031$2,351,193$9,506,127
70$10,406,593$3,411,296$2,374,277$10,391,436
71$11,410,630$3,521,014$2,396,380$11,364,562
72$12,515,270$3,634,300$2,417,415$12,434,389
73$13,730,717$3,751,270$2,437,287$13,610,706
74$15,068,215$3,872,046$2,455,901$14,904,297
75$16,540,151$3,996,755$2,473,152$16,327,046
76$18,160,177$4,125,527$2,488,934$17,892,045
77$19,943,333$4,258,496$2,503,131$19,613,720
78$21,906,192$4,395,801$2,515,624$21,507,965
79$24,067,014$4,537,586$2,526,289$23,592,293
80$26,445,922$4,684,000$2,534,991$25,886,003
81$29,065,086$4,835,196$2,541,594$28,410,356
82$31,948,938$4,991,334$2,545,951$31,188,781
83$35,124,399$5,152,578$2,547,909$34,247,094
84$38,621,131$5,319,098$2,547,307$37,613,742
85$42,471,822$5,491,069$2,543,978$41,320,070
86$46,712,491$5,668,675$2,537,744$45,400,614
87$51,382,827$5,852,102$2,528,421$49,893,436
88$56,526,566$6,041,546$2,515,813$54,840,471
89$62,191,901$6,237,207$2,499,718$60,287,932
90$68,431,939$6,439,293$2,479,922$66,286,739
91$75,305,198$6,648,021$2,456,202$72,893,007
92$82,876,167$6,863,612$2,428,323$80,168,566
93$91,215,903$7,086,297$2,396,039$88,181,552
94$100,402,714$7,316,313$2,359,095$97,007,046
95$110,522,887$7,553,909$2,317,221$106,727,785
96$121,671,509$7,799,338$2,270,136$117,434,937
97$133,953,363$8,052,865$2,217,544$129,228,970
98$147,483,913$8,314,763$2,159,139$142,220,593
99$162,390,399$8,585,314$2,094,598$156,531,801
100$178,813,036$8,864,810$2,023,583$172,297,032