Can I retire at age 51 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$123,043$121,947$120,878$119,834$118,815$117,476
2 years$60,912$59,778$58,678$57,612$56,578$55,231
3 years$40,205$39,065$37,969$36,913$35,896$34,581
4 years$29,853$28,717$27,632$26,594$25,601$24,329
5 years$23,644$22,515$21,443$20,426$19,462$18,237
6 years$19,505$18,385$17,329$16,335$15,399$14,222
7 years$16,551$15,440$14,401$13,430$12,524$11,396
8 years$14,336$13,235$12,213$11,266$10,390$9,310
9 years$12,614$11,523$10,519$9,596$8,750$7,718
10 years$11,237$10,157$9,171$8,272$7,455$6,471
11 years$10,111$9,042$8,074$7,199$6,412$5,474
12 years$9,174$8,116$7,165$6,315$5,556$4,665
13 years$8,381$7,334$6,402$5,575$4,845$3,998
14 years$7,703$6,667$5,752$4,949$4,247$3,444
15 years$7,115$6,090$5,193$4,413$3,740$2,978
16 years$6,601$5,588$4,708$3,952$3,305$2,584
17 years$6,148$5,146$4,284$3,551$2,930$2,249
18 years$5,746$4,755$3,911$3,200$2,606$1,962
19 years$5,387$4,407$3,580$2,891$2,322$1,716
20 years$5,064$4,095$3,286$2,619$2,074$1,503
21 years$4,772$3,815$3,022$2,377$1,856$1,319
22 years$4,507$3,561$2,786$2,161$1,664$1,159
23 years$4,266$3,330$2,572$1,968$1,494$1,019
24 years$4,045$3,120$2,379$1,795$1,343$897
25 years$3,841$2,928$2,203$1,639$1,208$791
26 years$3,654$2,752$2,043$1,499$1,088$698
27 years$3,481$2,590$1,897$1,372$981$616
28 years$3,321$2,441$1,764$1,257$885$544
29 years$3,172$2,302$1,641$1,153$799$481
30 years$3,033$2,174$1,529$1,058$722$425
31 years$2,903$2,055$1,425$972$653$376
32 years$2,782$1,945$1,330$893$591$332
33 years$2,668$1,842$1,242$821$535$294
34 years$2,562$1,746$1,160$755$484$261
35 years$2,461$1,656$1,085$695$438$231
36 years$2,366$1,572$1,015$640$397$204
37 years$2,277$1,493$950$590$360$181
38 years$2,193$1,418$889$544$326$160
39 years$2,113$1,349$833$502$296$142
40 years$2,037$1,283$781$463$268$126
41 years$1,965$1,222$732$427$244$112
42 years$1,897$1,163$687$394$221$99
43 years$1,832$1,108$645$364$201$88
44 years$1,770$1,057$605$336$182$78
45 years$1,711$1,008$568$310$165$69
46 years$1,655$961$534$286$150$61
47 years$1,602$917$501$265$136$54
48 years$1,551$876$471$244$124$48
49 years$1,502$836$443$226$112$43
50 years$1,455$799$416$209$102$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,490,000, adding $6,827 every year, while hoping to spend $48,439 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: 59/22/19 Blend
50$1,490,000$1,490,000$1,490,000$1,490,000
51$1,649,022$1,570,052$1,546,957$1,737,721
52$1,765,684$1,595,446$1,547,241$1,824,018
53$1,892,621$1,620,461$1,545,912$1,912,188
54$2,030,832$1,645,026$1,542,863$2,007,250
55$2,181,412$1,669,068$1,537,985$2,109,878
56$2,345,570$1,692,507$1,531,161$2,220,818
57$2,524,635$1,715,256$1,522,271$2,340,888
58$2,720,068$1,737,224$1,511,188$2,470,995
59$2,933,480$1,758,313$1,497,778$2,612,136
60$3,166,642$1,778,418$1,481,901$2,765,412
61$3,421,507$1,797,427$1,463,412$2,932,037
62$3,700,222$1,815,222$1,442,157$3,113,351
63$4,005,152$1,831,675$1,417,976$3,310,830
64$4,338,901$1,846,651$1,390,702$3,526,104
65$4,704,337$1,860,005$1,360,159$3,760,969
66$5,104,618$1,871,584$1,326,163$4,017,408
67$5,543,221$1,881,224$1,288,521$4,297,607
68$6,023,977$1,888,751$1,247,034$4,603,975
69$6,551,103$1,893,980$1,201,490$4,939,171
70$7,129,245$1,896,715$1,151,670$5,306,129
71$7,763,521$1,896,747$1,097,344$5,708,082
72$8,459,567$1,893,854$1,038,272$6,148,595
73$9,223,590$1,887,801$974,201$6,631,603
74$10,062,430$1,878,336$904,871$7,161,443
75$10,983,620$1,865,197$830,006$7,742,897
76$11,995,457$1,848,100$749,319$8,381,240
77$13,107,085$1,826,748$662,513$9,082,289
78$14,328,574$1,800,825$569,273$9,852,458
79$15,671,018$1,769,995$469,273$10,698,818
80$17,146,641$1,733,904$362,173$11,629,169
81$18,768,909$1,692,175$247,616$12,652,109
82$20,552,657$1,644,412$125,231$13,777,120
83$22,514,231$1,590,191$0$15,014,656
84$24,671,640$1,529,067$0$16,377,333
85$27,044,725$1,460,569$0$17,903,936
86$29,655,346$1,384,196$0$19,583,147
87$32,527,590$1,299,421$0$21,430,503
88$35,687,997$1,205,685$0$23,463,132
89$39,165,806$1,102,397$0$25,699,907
90$42,993,238$988,934$0$28,161,633
91$47,205,792$864,636$0$30,871,238
92$51,842,585$728,805$0$33,853,993
93$56,946,717$580,705$0$37,137,751
94$62,565,681$419,558$0$40,753,210
95$68,751,807$244,543$0$44,734,204
96$75,562,757$54,791$0$49,118,023
97$83,062,069$0$0$53,945,766
98$91,319,756$0$0$59,299,192
99$100,412,966$0$0$65,209,050
100$110,426,709$0$0$71,717,346