Can I retire at age 51 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$118,914$117,855$116,821$115,813$114,828$112,417
2 years$58,868$57,772$56,709$55,679$54,680$52,263
3 years$38,856$37,755$36,695$35,674$34,691$32,343
4 years$28,851$27,754$26,704$25,701$24,742$22,481
5 years$22,850$21,759$20,724$19,741$18,808$16,640
6 years$18,851$17,768$16,748$15,787$14,883$12,810
7 years$15,995$14,922$13,917$12,979$12,103$10,127
8 years$13,855$12,791$11,803$10,888$10,041$8,160
9 years$12,191$11,136$10,166$9,274$8,456$6,669
10 years$10,860$9,816$8,863$7,994$7,205$5,510
11 years$9,772$8,739$7,803$6,958$6,196$4,591
12 years$8,866$7,843$6,925$6,103$5,370$3,852
13 years$8,100$7,088$6,187$5,388$4,683$3,250
14 years$7,444$6,443$5,559$4,783$4,105$2,755
15 years$6,876$5,886$5,019$4,265$3,614$2,343
16 years$6,380$5,400$4,550$3,819$3,194$2,000
17 years$5,942$4,973$4,141$3,431$2,832$1,711
18 years$5,554$4,596$3,780$3,092$2,518$1,467
19 years$5,206$4,259$3,460$2,794$2,245$1,260
20 years$4,894$3,958$3,176$2,531$2,005$1,084
21 years$4,612$3,687$2,921$2,297$1,794$934
22 years$4,356$3,441$2,692$2,088$1,608$806
23 years$4,123$3,218$2,486$1,902$1,444$696
24 years$3,909$3,016$2,299$1,735$1,298$601
25 years$3,713$2,830$2,129$1,584$1,168$520
26 years$3,532$2,660$1,975$1,448$1,052$450
27 years$3,364$2,503$1,834$1,326$948$390
28 years$3,209$2,359$1,705$1,215$856$337
29 years$3,065$2,225$1,586$1,114$773$292
30 years$2,931$2,101$1,478$1,022$698$254
31 years$2,806$1,986$1,378$939$631$220
32 years$2,689$1,880$1,285$863$571$191
33 years$2,579$1,780$1,200$794$517$165
34 years$2,476$1,687$1,121$730$468$144
35 years$2,379$1,600$1,048$672$424$125
36 years$2,287$1,519$981$619$384$108
37 years$2,201$1,442$918$570$348$94
38 years$2,119$1,371$860$526$315$81
39 years$2,042$1,304$805$485$286$71
40 years$1,969$1,240$755$447$259$61
41 years$1,899$1,181$708$412$235$53
42 years$1,833$1,124$664$381$214$46
43 years$1,771$1,071$623$351$194$40
44 years$1,711$1,021$585$324$176$35
45 years$1,654$974$549$300$160$30
46 years$1,600$929$516$277$145$26
47 years$1,548$886$485$256$132$23
48 years$1,499$846$455$236$120$20
49 years$1,451$808$428$218$109$17
50 years$1,406$772$402$202$99$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,440,000, adding $4,946 every year, while hoping to spend $20,231 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: 26/45/29 Blend
50$1,440,000$1,440,000$1,440,000$1,440,000
51$1,591,982$1,515,662$1,493,342$1,618,882
52$1,732,838$1,568,404$1,521,843$1,694,232
53$1,887,384$1,623,052$1,550,621$1,772,973
54$2,056,994$1,679,678$1,579,664$1,857,046
55$2,243,183$1,738,358$1,608,958$1,946,914
56$2,447,619$1,799,169$1,638,489$2,043,090
57$2,672,140$1,862,192$1,668,243$2,146,131
58$2,918,770$1,927,511$1,698,201$2,256,655
59$3,189,740$1,995,214$1,728,345$2,375,335
60$3,487,506$2,065,392$1,758,658$2,502,912
61$3,814,775$2,138,140$1,789,116$2,640,202
62$4,174,529$2,213,556$1,819,699$2,788,097
63$4,570,054$2,291,743$1,850,382$2,947,581
64$5,004,969$2,372,807$1,881,138$3,119,733
65$5,483,260$2,456,860$1,911,942$3,305,740
66$6,009,323$2,544,017$1,942,762$3,506,906
67$6,587,998$2,634,397$1,973,568$3,724,666
68$7,224,618$2,728,127$2,004,327$3,960,597
69$7,925,059$2,825,335$2,035,002$4,216,434
70$8,695,797$2,926,158$2,065,556$4,494,083
71$9,543,964$3,030,736$2,095,949$4,795,645
72$10,477,423$3,139,216$2,126,137$5,123,426
73$11,504,833$3,251,751$2,156,076$5,479,969
74$12,635,739$3,368,500$2,185,717$5,868,067
75$13,880,656$3,489,628$2,215,010$6,290,797
76$15,251,170$3,615,307$2,243,901$6,751,543
77$16,760,050$3,745,717$2,272,331$7,254,031
78$18,421,363$3,881,046$2,300,243$7,802,364
79$20,250,611$4,021,486$2,327,570$8,401,054
80$22,264,876$4,167,242$2,354,246$9,055,071
81$24,482,981$4,318,523$2,380,200$9,769,888
82$26,925,665$4,475,551$2,405,357$10,551,528
83$29,615,783$4,638,554$2,429,637$11,406,624
84$32,578,521$4,807,770$2,452,958$12,342,479
85$35,841,628$4,983,449$2,475,230$13,367,135
86$39,435,685$5,165,849$2,496,361$14,489,450
87$43,394,390$5,355,241$2,516,254$15,719,176
88$47,754,875$5,551,905$2,534,806$17,067,055
89$52,558,058$5,756,135$2,551,908$18,544,916
90$57,849,030$5,968,235$2,567,447$20,165,789
91$63,677,478$6,188,526$2,581,304$21,944,025
92$70,098,155$6,417,337$2,593,351$23,895,432
93$77,171,396$6,655,016$2,603,458$26,037,419
94$84,963,690$6,901,923$2,611,485$28,389,166
95$93,548,303$7,158,434$2,617,287$30,971,800
96$103,005,974$7,424,941$2,620,709$33,808,592
97$113,425,673$7,701,853$2,621,593$36,925,180
98$124,905,443$7,989,596$2,619,768$40,349,805
99$137,553,327$8,288,614$2,615,059$44,113,582
100$151,488,381$8,599,372$2,607,278$48,250,784