Can I retire at age 51 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$126,346$125,221$124,123$123,051$122,004$119,152
2 years$62,548$61,383$60,254$59,159$58,097$55,240
3 years$41,284$40,114$38,988$37,904$36,859$34,086
4 years$30,655$29,488$28,373$27,308$26,288$23,620
5 years$24,278$23,119$22,019$20,975$19,984$17,429
6 years$20,029$18,878$17,795$16,774$15,813$13,373
7 years$16,995$15,854$14,787$13,791$12,860$10,536
8 years$14,721$13,590$12,541$11,569$10,669$8,460
9 years$12,952$11,832$10,801$9,854$8,984$6,889
10 years$11,539$10,430$9,417$8,494$7,655$5,671
11 years$10,383$9,285$8,291$7,392$6,584$4,708
12 years$9,420$8,334$7,358$6,484$5,705$3,935
13 years$8,606$7,531$6,574$5,725$4,975$3,306
14 years$7,910$6,846$5,906$5,082$4,361$2,791
15 years$7,306$6,254$5,333$4,532$3,840$2,364
16 years$6,778$5,738$4,835$4,058$3,394$2,009
17 years$6,313$5,284$4,399$3,646$3,009$1,711
18 years$5,901$4,883$4,016$3,286$2,676$1,461
19 years$5,532$4,525$3,677$2,969$2,385$1,250
20 years$5,200$4,205$3,374$2,689$2,130$1,070
21 years$4,900$3,917$3,104$2,440$1,906$918
22 years$4,628$3,656$2,860$2,219$1,709$788
23 years$4,380$3,420$2,641$2,021$1,534$677
24 years$4,153$3,204$2,443$1,843$1,379$583
25 years$3,945$3,007$2,262$1,683$1,241$501
26 years$3,752$2,826$2,098$1,539$1,117$432
27 years$3,575$2,660$1,948$1,409$1,007$372
28 years$3,410$2,506$1,811$1,291$909$321
29 years$3,257$2,364$1,686$1,184$821$277
30 years$3,114$2,233$1,570$1,086$742$239
31 years$2,981$2,111$1,464$998$671$206
32 years$2,857$1,997$1,366$917$607$178
33 years$2,740$1,891$1,275$843$549$153
34 years$2,630$1,793$1,191$776$497$132
35 years$2,527$1,700$1,114$714$450$114
36 years$2,430$1,614$1,042$658$408$99
37 years$2,338$1,533$975$606$370$85
38 years$2,252$1,457$913$559$335$74
39 years$2,170$1,385$856$515$304$64
40 years$2,092$1,318$802$475$276$55
41 years$2,018$1,254$752$438$250$47
42 years$1,948$1,195$705$404$227$41
43 years$1,881$1,138$662$373$206$35
44 years$1,818$1,085$621$345$187$31
45 years$1,757$1,035$583$318$170$26
46 years$1,700$987$548$294$154$23
47 years$1,645$942$515$272$140$20
48 years$1,592$899$484$251$127$17
49 years$1,542$859$455$232$115$15
50 years$1,494$820$428$214$105$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,530,000, adding $6,518 every year, while hoping to spend $29,729 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: 37/48/15 Blend
50$1,530,000$1,530,000$1,530,000$1,530,000
51$1,692,783$1,611,693$1,587,978$1,747,466
52$1,833,816$1,659,035$1,609,544$1,834,694
53$1,988,237$1,707,700$1,630,836$1,925,528
54$2,157,382$1,757,721$1,651,813$2,023,002
55$2,342,719$1,809,134$1,672,434$2,127,726
56$2,545,867$1,861,972$1,692,651$2,240,369
57$2,768,608$1,916,272$1,712,417$2,361,669
58$3,012,905$1,972,068$1,731,682$2,492,437
59$3,280,921$2,029,399$1,750,393$2,633,565
60$3,575,036$2,088,300$1,768,492$2,786,034
61$3,897,873$2,148,811$1,785,921$2,950,922
62$4,252,323$2,210,970$1,802,616$3,129,419
63$4,641,569$2,274,815$1,818,512$3,322,832
64$5,069,115$2,340,388$1,833,538$3,532,599
65$5,538,826$2,407,728$1,847,623$3,760,306
66$6,054,956$2,476,876$1,860,688$4,007,694
67$6,622,193$2,547,875$1,872,653$4,276,686
68$7,245,702$2,620,766$1,883,432$4,569,394
69$7,931,172$2,695,592$1,892,935$4,888,145
70$8,684,872$2,772,396$1,901,069$5,235,504
71$9,513,708$2,851,223$1,907,734$5,614,293
72$10,425,290$2,932,116$1,912,826$6,027,621
73$11,427,999$3,015,120$1,916,236$6,478,911
74$12,531,074$3,100,280$1,917,849$6,971,936
75$13,744,692$3,187,641$1,917,545$7,510,848
76$15,080,065$3,277,250$1,915,197$8,100,223
77$16,549,548$3,369,152$1,910,673$8,745,103
78$18,166,755$3,463,394$1,903,834$9,451,039
79$19,946,686$3,560,022$1,894,534$10,224,148
80$21,905,868$3,659,083$1,882,621$11,071,170
81$24,062,512$3,760,623$1,867,934$11,999,528
82$26,436,684$3,864,690$1,850,306$13,017,402
83$29,050,496$3,971,329$1,829,560$14,133,804
84$31,928,310$4,080,588$1,805,514$15,358,663
85$35,096,973$4,192,512$1,777,975$16,702,919
86$38,586,067$4,307,148$1,746,740$18,178,625
87$42,428,188$4,424,541$1,711,598$19,799,063
88$46,659,256$4,544,736$1,672,329$21,578,867
89$51,318,849$4,667,778$1,628,701$23,534,162
90$56,450,582$4,793,709$1,580,473$25,682,715
91$62,102,514$4,922,573$1,527,391$28,044,105
92$68,327,603$5,054,412$1,469,191$30,639,905
93$75,184,206$5,189,265$1,405,597$33,493,888
94$82,736,629$5,327,173$1,336,318$36,632,248
95$91,055,734$5,468,173$1,261,053$40,083,850
96$100,219,606$5,612,301$1,179,486$43,880,505
97$110,314,293$5,759,591$1,091,286$48,057,261
98$121,434,615$5,910,075$996,108$52,652,745
99$133,685,061$6,063,784$893,593$57,709,519
100$147,180,771$6,220,743$783,362$63,274,488