Can I retire at age 51 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$122,217$121,128$120,066$119,030$118,017$115,634
2 years$60,503$59,377$58,285$57,226$56,199$53,808
3 years$39,935$38,803$37,714$36,665$35,655$33,332
4 years$29,653$28,525$27,446$26,415$25,429$23,191
5 years$23,485$22,364$21,299$20,289$19,331$17,184
6 years$19,375$18,262$17,213$16,226$15,296$13,243
7 years$16,440$15,336$14,304$13,340$12,440$10,481
8 years$14,239$13,146$12,131$11,191$10,320$8,455
9 years$12,529$11,446$10,448$9,532$8,691$6,918
10 years$11,162$10,089$9,109$8,217$7,405$5,723
11 years$10,044$8,982$8,020$7,151$6,369$4,775
12 years$9,112$8,061$7,117$6,272$5,519$4,012
13 years$8,325$7,285$6,359$5,537$4,813$3,389
14 years$7,651$6,622$5,713$4,916$4,219$2,876
15 years$7,067$6,049$5,158$4,384$3,714$2,450
16 years$6,557$5,550$4,677$3,925$3,283$2,094
17 years$6,107$5,111$4,256$3,527$2,911$1,794
18 years$5,708$4,723$3,885$3,178$2,588$1,541
19 years$5,351$4,377$3,556$2,872$2,307$1,326
20 years$5,030$4,068$3,264$2,601$2,061$1,142
21 years$4,740$3,789$3,002$2,361$1,844$986
22 years$4,477$3,537$2,767$2,146$1,653$851
23 years$4,237$3,308$2,555$1,955$1,484$736
24 years$4,017$3,099$2,363$1,783$1,334$637
25 years$3,816$2,909$2,188$1,628$1,200$552
26 years$3,630$2,734$2,030$1,489$1,081$478
27 years$3,458$2,573$1,885$1,363$975$415
28 years$3,299$2,424$1,752$1,248$879$360
29 years$3,151$2,287$1,630$1,145$794$312
30 years$3,013$2,160$1,519$1,051$717$271
31 years$2,884$2,042$1,416$965$649$236
32 years$2,763$1,932$1,321$887$587$205
33 years$2,650$1,829$1,233$816$531$178
34 years$2,544$1,734$1,152$750$481$155
35 years$2,445$1,645$1,077$691$435$134
36 years$2,351$1,561$1,008$636$395$117
37 years$2,262$1,483$943$586$358$102
38 years$2,178$1,409$883$540$324$88
39 years$2,099$1,340$828$498$294$77
40 years$2,023$1,275$776$459$267$67
41 years$1,952$1,213$727$424$242$58
42 years$1,884$1,156$682$391$220$51
43 years$1,820$1,101$640$361$199$44
44 years$1,758$1,050$601$333$181$38
45 years$1,700$1,001$564$308$164$33
46 years$1,644$955$530$284$149$29
47 years$1,591$911$498$263$135$25
48 years$1,540$870$468$243$123$22
49 years$1,492$831$440$224$112$19
50 years$1,445$793$414$207$101$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,480,000, adding $6,241 every year, while hoping to spend $33,982 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: 67/19/14 Blend
50$1,480,000$1,480,000$1,480,000$1,480,000
51$1,637,398$1,558,958$1,536,018$1,741,388
52$1,768,256$1,599,190$1,551,318$1,851,746
53$1,911,322$1,640,255$1,565,991$1,967,779
54$2,067,807$1,682,157$1,579,982$2,093,790
55$2,239,041$1,724,900$1,593,229$2,230,755
56$2,426,491$1,768,488$1,605,670$2,379,747
57$2,631,771$1,812,923$1,617,238$2,541,950
58$2,856,661$1,858,205$1,627,864$2,718,667
59$3,103,117$1,904,333$1,637,474$2,911,333
60$3,373,296$1,951,307$1,645,991$3,121,528
61$3,669,574$1,999,123$1,653,334$3,350,995
62$3,994,567$2,047,776$1,659,417$3,601,652
63$4,351,156$2,097,261$1,664,151$3,875,611
64$4,742,515$2,147,568$1,667,441$4,175,202
65$5,172,141$2,198,687$1,669,189$4,502,989
66$5,643,883$2,250,607$1,669,291$4,861,799
67$6,161,985$2,303,313$1,667,638$5,254,745
68$6,731,120$2,356,788$1,664,117$5,685,258
69$7,356,436$2,411,012$1,658,607$6,157,118
70$8,043,605$2,465,964$1,650,982$6,674,490
71$8,798,875$2,521,618$1,641,112$7,241,964
72$9,629,128$2,577,946$1,628,857$7,864,596
73$10,541,950$2,634,916$1,614,075$8,547,959
74$11,545,696$2,692,493$1,596,613$9,298,194
75$12,649,569$2,750,639$1,576,312$10,122,065
76$13,863,714$2,809,309$1,553,008$11,027,030
77$15,199,304$2,868,456$1,526,525$12,021,304
78$16,668,652$2,928,028$1,496,681$13,113,940
79$18,285,321$2,987,969$1,463,287$14,314,917
80$20,064,260$3,048,216$1,426,144$15,635,229
81$22,021,936$3,108,700$1,385,041$17,086,991
82$24,176,496$3,169,348$1,339,762$18,683,556
83$26,547,933$3,230,081$1,290,079$20,439,636
84$29,158,278$3,290,810$1,235,752$22,371,447
85$32,031,805$3,351,443$1,176,532$24,496,856
86$35,195,262$3,411,877$1,112,159$26,835,555
87$38,678,123$3,472,003$1,042,361$29,409,245
88$42,512,864$3,531,703$966,852$32,241,838
89$46,735,269$3,590,850$885,335$35,359,689
90$51,384,772$3,649,307$797,499$38,791,840
91$56,504,823$3,706,927$703,019$42,570,298
92$62,143,301$3,763,553$601,557$46,730,332
93$68,352,967$3,819,016$492,758$51,310,812
94$75,191,956$3,873,134$376,252$56,354,575
95$82,724,332$3,925,714$251,653$61,908,827
96$91,020,689$3,976,549$118,558$68,025,589
97$100,158,816$4,025,417$0$74,762,193
98$110,224,434$4,072,081$0$82,185,326
99$121,312,001$4,116,288$0$90,380,236
100$133,525,607$4,157,768$0$99,405,992