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%12.6%
1 years$147,817$146,500$145,215$143,961$142,737$141,188
2 years$73,176$71,814$70,493$69,212$67,970$66,410
3 years$48,300$46,931$45,614$44,345$43,123$41,601
4 years$35,864$34,499$33,195$31,948$30,756$29,283
5 years$28,404$27,048$25,761$24,539$23,380$21,961
6 years$23,433$22,087$20,818$19,624$18,500$17,136
7 years$19,883$18,548$17,300$16,134$15,045$13,738
8 years$17,222$15,899$14,672$13,534$12,482$11,230
9 years$15,153$13,843$12,637$11,528$10,511$9,316
10 years$13,500$12,202$11,017$9,938$8,956$7,815
11 years$12,147$10,863$9,699$8,649$7,703$6,615
12 years$11,021$9,750$8,608$7,586$6,675$5,640
13 years$10,069$8,811$7,691$6,697$5,821$4,838
14 years$9,254$8,009$6,910$5,945$5,102$4,169
15 years$8,548$7,316$6,239$5,302$4,492$3,608
16 years$7,930$6,713$5,656$4,747$3,970$3,133
17 years$7,386$6,182$5,147$4,265$3,520$2,729
18 years$6,903$5,713$4,699$3,844$3,130$2,383
19 years$6,472$5,294$4,301$3,473$2,790$2,085
20 years$6,084$4,920$3,948$3,146$2,492$1,828
21 years$5,733$4,583$3,631$2,855$2,230$1,605
22 years$5,415$4,278$3,347$2,596$1,999$1,411
23 years$5,125$4,001$3,090$2,364$1,794$1,242
24 years$4,859$3,748$2,858$2,156$1,613$1,094
25 years$4,615$3,518$2,647$1,969$1,451$965
26 years$4,390$3,306$2,455$1,801$1,307$852
27 years$4,182$3,111$2,279$1,648$1,179$753
28 years$3,990$2,932$2,119$1,510$1,064$665
29 years$3,810$2,766$1,972$1,385$960$588
30 years$3,644$2,612$1,837$1,271$868$521
31 years$3,488$2,469$1,712$1,167$785$461
32 years$3,342$2,336$1,598$1,073$710$408
33 years$3,206$2,213$1,492$986$642$362
34 years$3,077$2,097$1,394$908$581$320
35 years$2,957$1,989$1,303$835$527$284
36 years$2,843$1,888$1,219$769$477$252
37 years$2,736$1,793$1,141$709$432$223
38 years$2,634$1,704$1,069$653$392$198
39 years$2,538$1,620$1,001$602$356$176
40 years$2,447$1,542$938$556$323$156
41 years$2,361$1,468$880$513$293$138
42 years$2,279$1,398$825$473$265$123
43 years$2,201$1,332$774$437$241$109
44 years$2,127$1,269$727$403$219$97
45 years$2,056$1,210$683$372$199$86
46 years$1,989$1,155$641$344$180$76
47 years$1,924$1,102$602$318$164$68
48 years$1,863$1,052$566$294$149$60
49 years$1,804$1,005$532$271$135$53
50 years$1,748$960$500$251$123$47

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 $3,475 every year, while hoping to spend $25,542 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: 44/46/10 Blend
50$1,790,000$1,790,000$1,790,000$1,790,000
51$1,976,164$1,881,294$1,853,549$2,057,313
52$2,150,557$1,946,301$1,888,467$2,179,027
53$2,341,881$2,013,638$1,923,698$2,307,990
54$2,551,837$2,083,390$1,959,226$2,447,186
55$2,782,298$2,155,650$1,995,034$2,597,566
56$3,035,327$2,230,511$2,031,102$2,760,172
57$3,313,195$2,308,071$2,067,408$2,936,151
58$3,618,406$2,388,432$2,103,932$3,126,765
59$3,953,718$2,471,699$2,140,648$3,333,398
60$4,322,167$2,557,983$2,177,530$3,557,574
61$4,727,102$2,647,397$2,214,551$3,800,968
62$5,172,208$2,740,061$2,251,680$4,065,423
63$5,661,547$2,836,099$2,288,885$4,352,964
64$6,199,596$2,935,638$2,326,133$4,665,819
65$6,791,283$3,038,812$2,363,387$5,006,440
66$7,442,040$3,145,761$2,400,607$5,377,524
67$8,157,854$3,256,629$2,437,753$5,782,038
68$8,945,317$3,371,566$2,474,780$6,223,249
69$9,811,696$3,490,729$2,511,642$6,704,748
70$10,764,995$3,614,281$2,548,288$7,230,492
71$11,814,034$3,742,390$2,584,665$7,804,834
72$12,968,533$3,875,234$2,620,718$8,432,565
73$14,239,198$4,012,995$2,656,387$9,118,959
74$15,637,829$4,155,865$2,691,609$9,869,824
75$17,177,427$4,304,042$2,726,317$10,691,553
76$18,872,316$4,457,732$2,760,441$11,591,183
77$20,738,283$4,617,151$2,793,906$12,576,465
78$22,792,719$4,782,523$2,826,633$13,655,932
79$25,054,791$4,954,080$2,858,539$14,838,982
80$27,545,615$5,132,067$2,889,537$16,135,962
81$30,288,464$5,316,734$2,919,532$17,558,269
82$33,308,980$5,508,346$2,948,429$19,118,452
83$36,635,417$5,707,176$2,976,122$20,830,334
84$40,298,912$5,913,510$3,002,505$22,709,139
85$44,333,773$6,127,645$3,027,461$24,771,634
86$48,777,809$6,349,890$3,050,872$27,036,288
87$53,672,679$6,580,568$3,072,609$29,523,445
88$59,064,290$6,820,014$3,092,540$32,255,511
89$65,003,232$7,068,579$3,110,524$35,257,171
90$71,545,249$7,326,627$3,126,414$38,555,615
91$78,751,769$7,594,536$3,140,054$42,180,797
92$86,690,486$7,872,704$3,151,282$46,165,712
93$95,435,991$8,161,543$3,159,926$50,546,712
94$105,070,485$8,461,481$3,165,806$55,363,841
95$115,684,548$8,772,967$3,168,734$60,661,218
96$127,377,997$9,096,468$3,168,511$66,487,446
97$140,260,827$9,432,469$3,164,931$72,896,074
98$154,454,249$9,781,478$3,157,774$79,946,096
99$170,091,835$10,144,023$3,146,812$87,702,511
100$187,320,777$10,520,655$3,131,805$96,236,930