Can I retire at age 51 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$120,565$119,492$118,444$117,421$116,422$114,588
2 years$59,686$58,574$57,497$56,452$55,439$53,596
3 years$39,395$38,279$37,204$36,170$35,173$33,378
4 years$29,252$28,139$27,075$26,058$25,086$23,353
5 years$23,168$22,061$21,011$20,015$19,070$17,404
6 years$19,113$18,015$16,980$16,006$15,089$13,493
7 years$16,217$15,129$14,111$13,160$12,272$10,745
8 years$14,047$12,968$11,967$11,039$10,180$8,723
9 years$12,360$11,291$10,307$9,403$8,573$7,185
10 years$11,011$9,953$8,986$8,106$7,305$5,984
11 years$9,908$8,860$7,911$7,054$6,283$5,027
12 years$8,989$7,952$7,021$6,188$5,444$4,254
13 years$8,213$7,187$6,273$5,463$4,748$3,620
14 years$7,548$6,532$5,636$4,849$4,162$3,095
15 years$6,972$5,968$5,089$4,325$3,664$2,657
16 years$6,468$5,475$4,614$3,872$3,238$2,288
17 years$6,025$5,042$4,198$3,479$2,871$1,976
18 years$5,631$4,659$3,832$3,135$2,553$1,710
19 years$5,279$4,318$3,508$2,833$2,276$1,483
20 years$4,962$4,013$3,220$2,566$2,033$1,289
21 years$4,676$3,738$2,962$2,329$1,819$1,121
22 years$4,416$3,489$2,730$2,117$1,631$977
23 years$4,180$3,263$2,520$1,928$1,464$852
24 years$3,963$3,057$2,331$1,759$1,316$744
25 years$3,764$2,869$2,159$1,606$1,184$650
26 years$3,581$2,697$2,002$1,469$1,066$568
27 years$3,411$2,538$1,859$1,344$961$497
28 years$3,254$2,391$1,728$1,232$867$435
29 years$3,108$2,256$1,608$1,129$783$381
30 years$2,972$2,131$1,498$1,037$708$334
31 years$2,845$2,014$1,397$952$640$293
32 years$2,726$1,906$1,303$875$579$257
33 years$2,615$1,805$1,217$805$524$225
34 years$2,510$1,710$1,137$740$474$198
35 years$2,412$1,622$1,063$681$430$173
36 years$2,319$1,540$994$628$389$152
37 years$2,231$1,463$931$578$353$133
38 years$2,149$1,390$872$533$320$117
39 years$2,070$1,322$817$491$290$103
40 years$1,996$1,257$765$453$263$90
41 years$1,926$1,197$718$418$239$79
42 years$1,859$1,140$673$386$217$70
43 years$1,795$1,086$632$356$197$61
44 years$1,735$1,035$593$329$178$54
45 years$1,677$987$557$304$162$47
46 years$1,622$942$523$281$147$41
47 years$1,570$899$491$259$134$36
48 years$1,519$858$462$240$121$32
49 years$1,471$819$434$221$110$28
50 years$1,425$783$408$205$100$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,460,000, adding $5,973 every year, while hoping to spend $39,288 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: 27/48/25 Blend
50$1,460,000$1,460,000$1,460,000$1,460,000
51$1,615,081$1,537,701$1,515,071$1,645,905
52$1,738,017$1,571,246$1,524,024$1,704,538
53$1,872,176$1,605,119$1,531,960$1,763,639
54$2,018,661$1,639,292$1,538,803$1,826,281
55$2,178,686$1,673,739$1,544,475$1,892,788
56$2,353,589$1,708,429$1,548,892$1,963,523
57$2,544,841$1,743,328$1,551,966$2,038,883
58$2,754,063$1,778,400$1,553,605$2,119,309
59$2,983,040$1,813,604$1,553,713$2,205,287
60$3,233,736$1,848,896$1,552,188$2,297,353
61$3,508,316$1,884,231$1,548,925$2,396,100
62$3,809,162$1,919,556$1,543,812$2,502,183
63$4,138,899$1,954,817$1,536,732$2,616,325
64$4,500,417$1,989,953$1,527,563$2,739,324
65$4,896,899$2,024,900$1,516,176$2,872,061
66$5,331,852$2,059,590$1,502,437$3,015,511
67$5,809,137$2,093,946$1,486,205$3,170,749
68$6,333,009$2,127,889$1,467,333$3,338,961
69$6,908,152$2,161,332$1,445,665$3,521,459
70$7,539,730$2,194,184$1,421,041$3,719,690
71$8,233,427$2,226,343$1,393,290$3,935,252
72$8,995,508$2,257,705$1,362,237$4,169,911
73$9,832,872$2,288,155$1,327,694$4,425,613
74$10,753,122$2,317,572$1,289,469$4,704,510
75$11,764,632$2,345,825$1,247,358$5,008,975
76$12,876,629$2,372,775$1,201,149$5,341,629
77$14,099,278$2,398,273$1,150,620$5,705,364
78$15,443,778$2,422,162$1,095,540$6,103,374
79$16,922,468$2,444,273$1,035,664$6,539,181
80$18,548,941$2,464,424$970,741$7,016,675
81$20,338,178$2,482,425$900,506$7,540,148
82$22,306,679$2,498,071$824,680$8,114,335
83$24,472,629$2,511,146$742,975$8,744,463
84$26,856,062$2,521,417$655,090$9,436,298
85$29,479,053$2,528,638$560,708$10,196,204
86$32,365,924$2,532,550$459,499$11,031,201
87$35,543,477$2,532,873$351,121$11,949,035
88$39,041,241$2,529,313$235,213$12,958,252
89$42,891,755$2,521,557$111,400$14,068,277
90$47,130,874$2,509,273$0$15,289,512
91$51,798,104$2,492,108$0$16,638,959
92$56,936,977$2,469,688$0$18,155,812
93$62,595,463$2,441,617$0$19,824,398
94$68,826,417$2,407,474$0$21,660,230
95$75,688,086$2,366,813$0$23,680,414
96$83,244,647$2,319,164$0$25,903,807
97$91,566,824$2,264,026$0$28,351,199
98$100,732,547$2,200,870$0$31,045,510
99$110,827,689$2,129,135$0$34,012,007
100$121,946,878$2,048,228$0$37,278,547