Can I retire at age 51 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$118,088$117,036$116,010$115,008$114,030$112,933
2 years$58,459$57,371$56,316$55,292$54,300$53,195
3 years$38,586$37,492$36,440$35,426$34,450$33,371
4 years$28,651$27,561$26,519$25,523$24,570$23,526
5 years$22,692$21,608$20,580$19,604$18,678$17,671
6 years$18,720$17,645$16,631$15,677$14,779$13,811
7 years$15,884$14,818$13,821$12,889$12,019$11,091
8 years$13,758$12,702$11,721$10,812$9,971$9,082
9 years$12,106$11,059$10,095$9,210$8,397$7,547
10 years$10,785$9,748$8,801$7,939$7,155$6,343
11 years$9,704$8,678$7,749$6,909$6,153$5,379
12 years$8,805$7,789$6,877$6,060$5,332$4,595
13 years$8,044$7,039$6,144$5,350$4,650$3,949
14 years$7,393$6,398$5,520$4,749$4,076$3,410
15 years$6,828$5,845$4,984$4,236$3,589$2,957
16 years$6,335$5,363$4,519$3,793$3,172$2,573
17 years$5,901$4,939$4,112$3,408$2,812$2,246
18 years$5,515$4,564$3,754$3,071$2,501$1,965
19 years$5,170$4,230$3,436$2,775$2,229$1,723
20 years$4,860$3,930$3,154$2,513$1,991$1,514
21 years$4,580$3,661$2,901$2,281$1,782$1,332
22 years$4,326$3,417$2,674$2,074$1,597$1,174
23 years$4,094$3,196$2,469$1,889$1,434$1,036
24 years$3,882$2,995$2,283$1,723$1,289$915
25 years$3,687$2,810$2,114$1,573$1,159$809
26 years$3,507$2,641$1,961$1,438$1,044$716
27 years$3,341$2,486$1,821$1,317$942$634
28 years$3,187$2,342$1,693$1,206$850$561
29 years$3,044$2,210$1,575$1,106$767$498
30 years$2,911$2,087$1,467$1,015$693$441
31 years$2,786$1,973$1,368$932$627$392
32 years$2,670$1,867$1,276$857$567$348
33 years$2,561$1,768$1,192$788$513$309
34 years$2,458$1,675$1,114$725$465$274
35 years$2,362$1,589$1,041$667$421$244
36 years$2,271$1,508$974$615$381$217
37 years$2,185$1,432$912$566$346$193
38 years$2,104$1,361$854$522$313$171
39 years$2,028$1,295$800$481$284$152
40 years$1,955$1,232$750$444$258$135
41 years$1,886$1,172$703$410$234$120
42 years$1,821$1,117$659$378$212$107
43 years$1,758$1,064$619$349$192$95
44 years$1,699$1,014$581$322$175$85
45 years$1,643$967$545$298$159$76
46 years$1,589$922$512$275$144$67
47 years$1,537$880$481$254$131$60
48 years$1,488$840$452$235$119$53
49 years$1,441$803$425$217$108$47
50 years$1,396$767$400$200$98$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,430,000, adding $3,336 every year, while hoping to spend $44,522 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: 30/41/29 Blend
50$1,430,000$1,430,000$1,430,000$1,430,000
51$1,579,301$1,503,511$1,481,346$1,612,536
52$1,693,019$1,529,812$1,483,600$1,665,188
53$1,816,843$1,555,910$1,484,437$1,717,689
54$1,951,759$1,581,747$1,483,764$1,773,296
55$2,098,848$1,607,262$1,481,480$1,832,309
56$2,259,303$1,632,390$1,477,481$1,895,063
57$2,434,435$1,657,060$1,471,660$1,961,929
58$2,625,688$1,681,197$1,463,901$2,033,318
59$2,834,651$1,704,718$1,454,085$2,109,684
60$3,063,074$1,727,539$1,442,086$2,191,531
61$3,312,884$1,749,565$1,427,772$2,279,417
62$3,586,203$1,770,697$1,411,007$2,373,960
63$3,885,365$1,790,831$1,391,644$2,475,841
64$4,212,942$1,809,852$1,369,535$2,585,820
65$4,571,768$1,827,640$1,344,520$2,704,731
66$4,964,960$1,844,067$1,316,433$2,833,503
67$5,395,955$1,858,995$1,285,103$2,973,159
68$5,868,535$1,872,278$1,250,346$3,124,833
69$6,386,867$1,883,761$1,211,974$3,289,780
70$6,955,541$1,893,279$1,169,789$3,469,386
71$7,579,612$1,900,655$1,123,583$3,665,185
72$8,264,648$1,905,703$1,073,139$3,878,873
73$9,016,784$1,908,224$1,018,230$4,112,324
74$9,842,775$1,908,006$958,620$4,367,610
75$10,750,065$1,904,825$894,061$4,647,021
76$11,746,853$1,898,444$824,293$4,953,088
77$12,842,172$1,888,608$749,048$5,288,608
78$14,045,975$1,875,050$668,041$5,656,671
79$15,369,222$1,857,486$580,979$6,060,690
80$16,823,994$1,835,614$487,553$6,504,438
81$18,423,597$1,809,114$387,441$6,992,079
82$20,182,690$1,777,648$280,307$7,528,214
83$22,117,428$1,740,856$165,801$8,117,923
84$24,245,607$1,698,358$43,556$8,766,819
85$26,586,833$1,649,753$0$9,481,094
86$29,162,713$1,594,613$0$10,294,479
87$31,997,049$1,532,489$0$11,203,767
88$35,116,069$1,462,902$0$12,203,929
89$38,548,671$1,385,347$0$13,304,301
90$42,326,699$1,299,292$0$14,515,180
91$46,485,235$1,204,171$0$15,847,922
92$51,062,941$1,099,387$0$17,315,048
93$56,102,414$984,310$0$18,930,369
94$61,650,591$858,272$0$20,709,115
95$67,759,192$720,568$0$22,668,080
96$74,485,209$570,455$0$24,825,784
97$81,891,438$407,145$0$27,202,648
98$90,047,078$229,809$0$29,821,190
99$99,028,379$37,568$0$32,706,240
100$108,919,362$0$0$35,885,176