Can I retire at age 51 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$124,694$123,584$122,500$121,442$120,410$118,806
2 years$61,730$60,580$59,466$58,386$57,338$55,725
3 years$40,744$39,590$38,478$37,408$36,377$34,806
4 years$30,254$29,103$28,002$26,951$25,945$24,426
5 years$23,961$22,817$21,731$20,701$19,723$18,261
6 years$19,767$18,632$17,562$16,554$15,606$14,203
7 years$16,773$15,647$14,594$13,610$12,692$11,348
8 years$14,528$13,412$12,377$11,417$10,529$9,245
9 years$12,783$11,678$10,660$9,725$8,867$7,642
10 years$11,388$10,293$9,294$8,383$7,555$6,388
11 years$10,247$9,164$8,182$7,296$6,498$5,387
12 years$9,297$8,225$7,261$6,399$5,631$4,575
13 years$8,494$7,433$6,488$5,650$4,910$3,909
14 years$7,806$6,756$5,829$5,015$4,304$3,356
15 years$7,211$6,172$5,263$4,473$3,790$2,892
16 years$6,690$5,663$4,772$4,005$3,349$2,501
17 years$6,231$5,215$4,342$3,598$2,970$2,169
18 years$5,823$4,819$3,964$3,243$2,641$1,886
19 years$5,459$4,466$3,629$2,930$2,354$1,643
20 years$5,132$4,150$3,330$2,654$2,102$1,434
21 years$4,836$3,866$3,063$2,408$1,881$1,253
22 years$4,568$3,608$2,823$2,190$1,686$1,097
23 years$4,323$3,375$2,607$1,994$1,514$961
24 years$4,099$3,162$2,411$1,819$1,361$843
25 years$3,893$2,967$2,233$1,661$1,224$740
26 years$3,703$2,789$2,071$1,519$1,103$650
27 years$3,528$2,625$1,923$1,390$994$572
28 years$3,365$2,473$1,788$1,274$897$503
29 years$3,214$2,333$1,664$1,168$810$443
30 years$3,074$2,204$1,549$1,072$732$390
31 years$2,942$2,083$1,445$985$662$343
32 years$2,819$1,971$1,348$905$599$302
33 years$2,704$1,867$1,258$832$542$267
34 years$2,596$1,769$1,176$766$491$235
35 years$2,494$1,678$1,099$705$444$207
36 years$2,398$1,593$1,028$649$403$183
37 years$2,308$1,513$963$598$365$161
38 years$2,222$1,438$901$551$331$142
39 years$2,141$1,367$844$508$300$126
40 years$2,064$1,301$792$469$272$111
41 years$1,992$1,238$742$433$247$98
42 years$1,922$1,179$696$399$224$86
43 years$1,857$1,123$653$368$203$76
44 years$1,794$1,071$613$340$184$67
45 years$1,734$1,021$576$314$167$59
46 years$1,678$974$541$290$152$52
47 years$1,623$930$508$268$138$46
48 years$1,571$887$477$248$125$41
49 years$1,522$847$449$229$114$36
50 years$1,474$809$422$212$103$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,510,000, adding $4,755 every year, while hoping to spend $22,967 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: 55/20/25 Blend
50$1,510,000$1,510,000$1,510,000$1,510,000
51$1,668,925$1,588,895$1,565,490$1,749,005
52$1,814,718$1,642,314$1,593,497$1,857,993
53$1,974,613$1,697,581$1,621,673$1,973,837
54$2,150,023$1,754,762$1,649,998$2,099,528
55$2,342,506$1,813,926$1,678,454$2,236,017
56$2,553,778$1,875,144$1,707,018$2,384,355
57$2,785,727$1,938,490$1,735,667$2,545,697
58$3,040,437$2,004,041$1,764,377$2,721,314
59$3,320,199$2,071,878$1,793,122$2,912,606
60$3,627,542$2,142,082$1,821,873$3,121,114
61$3,965,246$2,214,739$1,850,601$3,348,536
62$4,336,379$2,289,939$1,879,274$3,596,741
63$4,744,318$2,367,774$1,907,858$3,867,786
64$5,192,783$2,448,340$1,936,317$4,163,937
65$5,685,876$2,531,737$1,964,612$4,487,691
66$6,228,112$2,618,069$1,992,703$4,841,796
67$6,824,467$2,707,442$2,020,546$5,229,280
68$7,480,425$2,799,969$2,048,097$5,653,478
69$8,202,027$2,895,766$2,075,307$6,118,063
70$8,995,927$2,994,953$2,102,123$6,627,081
71$9,869,461$3,097,654$2,128,493$7,184,989
72$10,830,707$3,204,000$2,154,359$7,796,698
73$11,888,569$3,314,126$2,179,660$8,467,616
74$13,052,856$3,428,172$2,204,332$9,203,702
75$14,334,378$3,546,283$2,228,308$10,011,520
76$15,745,044$3,668,610$2,251,515$10,898,302
77$17,297,978$3,795,311$2,273,880$11,872,016
78$19,007,640$3,926,549$2,295,323$12,941,440
79$20,889,963$4,062,494$2,315,760$14,116,246
80$22,962,504$4,203,322$2,335,104$15,407,089
81$25,244,611$4,349,215$2,353,261$16,825,709
82$27,757,600$4,500,366$2,370,134$18,385,043
83$30,524,962$4,656,971$2,385,620$20,099,344
84$33,572,582$4,819,236$2,399,612$21,984,314
85$36,928,982$4,987,376$2,411,996$24,057,258
86$40,625,594$5,161,612$2,422,653$26,337,242
87$44,697,050$5,342,177$2,431,458$28,845,272
88$49,181,515$5,529,309$2,438,278$31,604,499
89$54,121,045$5,723,261$2,442,975$34,640,427
90$59,561,982$5,924,291$2,445,405$37,981,163
91$65,555,393$6,132,670$2,445,415$41,657,676
92$72,157,552$6,348,680$2,442,845$45,704,091
93$79,430,469$6,572,612$2,437,528$50,158,011
94$87,442,479$6,804,772$2,429,287$55,060,872
95$96,268,882$7,045,476$2,417,938$60,458,332
96$105,992,657$7,295,054$2,403,288$66,400,706
97$116,705,244$7,553,847$2,385,135$72,943,433
98$128,507,407$7,822,214$2,363,265$80,147,607
99$141,510,185$8,100,525$2,337,457$88,080,551
100$155,835,939$8,389,166$2,307,477$96,816,447