Can I retire at age 51 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$121,391$120,310$119,255$118,225$117,220$112,926
2 years$60,095$58,975$57,891$56,839$55,819$51,541
3 years$39,665$38,541$37,459$36,417$35,414$31,286
4 years$29,452$28,332$27,261$26,237$25,257$21,311
5 years$23,326$22,212$21,155$20,152$19,200$15,446
6 years$19,244$18,138$17,097$16,116$15,193$11,633
7 years$16,329$15,232$14,207$13,250$12,356$8,990
8 years$14,143$13,057$12,049$11,115$10,250$7,075
9 years$12,444$11,368$10,378$9,467$8,632$5,644
10 years$11,086$10,021$9,048$8,161$7,355$4,548
11 years$9,976$8,921$7,965$7,103$6,326$3,694
12 years$9,051$8,007$7,069$6,230$5,482$3,018
13 years$8,269$7,236$6,316$5,500$4,780$2,479
14 years$7,599$6,577$5,675$4,882$4,190$2,044
15 years$7,020$6,008$5,124$4,354$3,689$1,690
16 years$6,513$5,513$4,645$3,899$3,261$1,401
17 years$6,066$5,077$4,227$3,503$2,891$1,165
18 years$5,669$4,691$3,859$3,157$2,571$969
19 years$5,315$4,348$3,532$2,852$2,291$808
20 years$4,996$4,040$3,242$2,583$2,047$674
21 years$4,708$3,763$2,982$2,345$1,831$563
22 years$4,447$3,513$2,748$2,132$1,642$471
23 years$4,208$3,286$2,538$1,942$1,474$394
24 years$3,990$3,078$2,347$1,771$1,325$330
25 years$3,790$2,889$2,174$1,617$1,192$276
26 years$3,605$2,715$2,016$1,479$1,074$232
27 years$3,435$2,555$1,872$1,353$968$194
28 years$3,276$2,408$1,740$1,240$873$163
29 years$3,129$2,271$1,619$1,137$789$136
30 years$2,992$2,145$1,508$1,044$713$114
31 years$2,864$2,028$1,406$958$644$96
32 years$2,745$1,919$1,312$881$583$81
33 years$2,633$1,817$1,225$810$527$68
34 years$2,527$1,722$1,145$745$478$57
35 years$2,428$1,633$1,070$686$433$48
36 years$2,335$1,550$1,001$632$392$40
37 years$2,247$1,473$937$582$355$34
38 years$2,163$1,399$877$537$322$28
39 years$2,084$1,331$822$495$292$24
40 years$2,010$1,266$771$456$265$20
41 years$1,939$1,205$723$421$240$17
42 years$1,872$1,148$678$389$218$14
43 years$1,808$1,094$636$359$198$12
44 years$1,747$1,042$597$331$180$10
45 years$1,689$994$561$306$163$8
46 years$1,633$948$526$283$148$7
47 years$1,580$905$495$261$134$6
48 years$1,530$864$465$241$122$5
49 years$1,481$825$437$223$111$4
50 years$1,435$788$411$206$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,470,000, adding $3,776 every year, while hoping to spend $30,279 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: 57/36/7 Blend
50$1,470,000$1,470,000$1,470,000$1,470,000
51$1,623,835$1,545,925$1,523,140$1,713,686
52$1,757,249$1,589,459$1,541,949$1,818,111
53$1,903,257$1,634,111$1,560,372$1,928,099
54$2,063,112$1,679,904$1,578,367$2,047,187
55$2,238,191$1,726,861$1,595,884$2,176,246
56$2,430,015$1,775,006$1,612,874$2,316,235
57$2,640,255$1,824,360$1,629,285$2,468,211
58$2,870,756$1,874,948$1,645,060$2,633,336
59$3,123,545$1,926,793$1,660,142$2,812,888
60$3,400,857$1,979,916$1,674,467$3,008,275
61$3,705,155$2,034,343$1,687,973$3,221,049
62$4,039,150$2,090,094$1,700,588$3,452,916
63$4,405,828$2,147,194$1,712,243$3,705,756
64$4,808,481$2,205,664$1,722,861$3,981,638
65$5,250,731$2,265,527$1,732,362$4,282,842
66$5,736,572$2,326,804$1,740,663$4,611,878
67$6,270,402$2,389,518$1,747,675$4,971,511
68$6,857,067$2,453,688$1,753,306$5,364,786
69$7,501,905$2,519,336$1,757,459$5,795,056
70$8,210,797$2,586,481$1,760,031$6,266,017
71$8,990,222$2,655,143$1,760,916$6,781,737
72$9,847,320$2,725,339$1,760,002$7,346,700
73$10,789,954$2,797,089$1,757,170$7,965,844
74$11,826,791$2,870,407$1,752,296$8,644,610
75$12,967,377$2,945,311$1,745,252$9,388,992
76$14,222,232$3,021,814$1,735,900$10,205,592
77$15,602,946$3,099,929$1,724,099$11,101,687
78$17,122,289$3,179,668$1,709,699$12,085,290
79$18,794,332$3,261,042$1,692,544$13,165,234
80$20,634,579$3,344,058$1,672,469$14,351,248
81$22,660,113$3,428,724$1,649,304$15,654,053
82$24,889,757$3,515,043$1,622,868$17,085,461
83$27,344,252$3,603,019$1,592,973$18,658,489
84$30,046,450$3,692,652$1,559,422$20,387,477
85$33,021,535$3,783,939$1,522,010$22,288,228
86$36,297,255$3,876,875$1,480,520$24,378,154
87$39,904,184$3,971,452$1,434,728$26,676,441
88$43,876,016$4,067,658$1,384,396$29,204,233
89$48,249,876$4,165,479$1,329,279$31,984,825
90$53,066,672$4,264,897$1,269,119$35,043,888
91$58,371,483$4,365,887$1,203,645$38,409,712
92$64,213,984$4,468,425$1,132,576$42,113,466
93$70,648,910$4,572,478$1,055,618$46,189,503
94$77,736,580$4,678,011$972,462$50,675,672
95$85,543,459$4,784,981$882,788$55,613,685
96$94,142,789$4,893,342$786,258$61,049,507
97$103,615,278$5,003,040$682,522$67,033,788
98$114,049,863$5,114,016$571,214$73,622,345
99$125,544,550$5,226,204$451,950$80,876,686
100$138,207,335$5,339,529$324,331$88,864,592