Can I retire at age 51 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$147,817$146,500$145,215$143,961$142,737$138,948
2 years$73,176$71,814$70,493$69,212$67,970$64,179
3 years$48,300$46,931$45,614$44,345$43,123$39,449
4 years$35,864$34,499$33,195$31,948$30,756$27,227
5 years$28,404$27,048$25,761$24,539$23,380$20,006
6 years$23,433$22,087$20,818$19,624$18,500$15,283
7 years$19,883$18,548$17,300$16,134$15,045$11,987
8 years$17,222$15,899$14,672$13,534$12,482$9,580
9 years$15,153$13,843$12,637$11,528$10,511$7,764
10 years$13,500$12,202$11,017$9,938$8,956$6,359
11 years$12,147$10,863$9,699$8,649$7,703$5,252
12 years$11,021$9,750$8,608$7,586$6,675$4,367
13 years$10,069$8,811$7,691$6,697$5,821$3,650
14 years$9,254$8,009$6,910$5,945$5,102$3,064
15 years$8,548$7,316$6,239$5,302$4,492$2,581
16 years$7,930$6,713$5,656$4,747$3,970$2,181
17 years$7,386$6,182$5,147$4,265$3,520$1,847
18 years$6,903$5,713$4,699$3,844$3,130$1,567
19 years$6,472$5,294$4,301$3,473$2,790$1,333
20 years$6,084$4,920$3,948$3,146$2,492$1,134
21 years$5,733$4,583$3,631$2,855$2,230$967
22 years$5,415$4,278$3,347$2,596$1,999$825
23 years$5,125$4,001$3,090$2,364$1,794$705
24 years$4,859$3,748$2,858$2,156$1,613$602
25 years$4,615$3,518$2,647$1,969$1,451$515
26 years$4,390$3,306$2,455$1,801$1,307$441
27 years$4,182$3,111$2,279$1,648$1,179$377
28 years$3,990$2,932$2,119$1,510$1,064$323
29 years$3,810$2,766$1,972$1,385$960$277
30 years$3,644$2,612$1,837$1,271$868$237
31 years$3,488$2,469$1,712$1,167$785$203
32 years$3,342$2,336$1,598$1,073$710$174
33 years$3,206$2,213$1,492$986$642$149
34 years$3,077$2,097$1,394$908$581$128
35 years$2,957$1,989$1,303$835$527$110
36 years$2,843$1,888$1,219$769$477$94
37 years$2,736$1,793$1,141$709$432$81
38 years$2,634$1,704$1,069$653$392$69
39 years$2,538$1,620$1,001$602$356$60
40 years$2,447$1,542$938$556$323$51
41 years$2,361$1,468$880$513$293$44
42 years$2,279$1,398$825$473$265$38
43 years$2,201$1,332$774$437$241$32
44 years$2,127$1,269$727$403$219$28
45 years$2,056$1,210$683$372$199$24
46 years$1,989$1,155$641$344$180$20
47 years$1,924$1,102$602$318$164$18
48 years$1,863$1,052$566$294$149$15
49 years$1,804$1,005$532$271$135$13
50 years$1,748$960$500$251$123$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,790,000, adding $5,405 every year, while hoping to spend $35,870 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: 43/40/17 Blend
50$1,790,000$1,790,000$1,790,000$1,790,000
51$1,978,155$1,883,285$1,855,540$2,053,219
52$2,141,762$1,937,401$1,879,535$2,160,693
53$2,320,854$1,992,966$1,903,132$2,273,102
54$2,516,973$2,050,013$1,926,280$2,394,124
55$2,731,818$2,108,577$1,948,923$2,524,571
56$2,967,257$2,168,691$1,971,006$2,665,331
57$3,225,350$2,230,390$1,992,467$2,817,384
58$3,508,364$2,293,708$2,013,244$2,981,809
59$3,818,798$2,358,680$2,033,268$3,159,792
60$4,159,403$2,425,343$2,052,470$3,352,640
61$4,533,208$2,493,731$2,070,774$3,561,789
62$4,943,552$2,563,881$2,088,102$3,788,824
63$5,394,112$2,635,829$2,104,371$4,035,487
64$5,888,938$2,709,611$2,119,494$4,303,699
65$6,432,492$2,785,264$2,133,379$4,595,572
66$7,029,690$2,862,825$2,145,931$4,913,434
67$7,685,945$2,942,331$2,157,047$5,259,849
68$8,407,225$3,023,818$2,166,621$5,637,641
69$9,200,100$3,107,324$2,174,541$6,049,920
70$10,071,812$3,192,884$2,180,689$6,500,112
71$11,030,337$3,280,536$2,184,943$6,991,990
72$12,084,465$3,370,316$2,187,172$7,529,712
73$13,243,878$3,462,259$2,187,240$8,117,857
74$14,519,246$3,556,402$2,185,005$8,761,472
75$15,922,322$3,652,779$2,180,316$9,466,114
76$17,466,059$3,751,425$2,173,016$10,237,909
77$19,164,727$3,852,374$2,162,942$11,083,603
78$21,034,048$3,955,659$2,149,919$12,010,630
79$23,091,347$4,061,313$2,133,768$13,027,183
80$25,355,713$4,169,366$2,114,298$14,142,286
81$27,848,180$4,279,849$2,091,311$15,365,884
82$30,591,923$4,392,790$2,064,598$16,708,935
83$33,612,479$4,508,217$2,033,943$18,183,514
84$36,937,988$4,626,156$1,999,116$19,802,925
85$40,599,456$4,746,630$1,959,879$21,581,830
86$44,631,047$4,869,662$1,915,982$23,536,383
87$49,070,410$4,995,272$1,867,164$25,684,387
88$53,959,029$5,123,477$1,813,150$28,045,459
89$59,342,615$5,254,292$1,753,656$30,641,216
90$65,271,539$5,387,730$1,688,381$33,495,480
91$71,801,307$5,523,799$1,617,012$36,634,501
92$78,993,081$5,662,507$1,539,223$40,087,208
93$86,914,259$5,803,854$1,454,671$43,885,479
94$95,639,110$5,947,839$1,362,999$48,064,444
95$105,249,473$6,094,457$1,263,834$52,662,814
96$115,835,532$6,243,697$1,156,784$57,723,252
97$127,496,662$6,395,545$1,041,442$63,292,771
98$140,342,374$6,549,979$917,383$69,423,180
99$154,493,341$6,706,973$784,160$76,171,572
100$170,082,543$6,866,495$641,311$83,600,866