Can I retire at age 51 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$127,172$126,039$124,934$123,855$122,802$118,918
2 years$62,956$61,784$60,647$59,546$58,477$54,600
3 years$41,554$40,376$39,243$38,152$37,100$33,351
4 years$30,855$29,681$28,559$27,486$26,460$22,867
5 years$24,437$23,270$22,163$21,112$20,115$16,688
6 years$20,160$19,002$17,911$16,883$15,916$12,658
7 years$17,106$15,958$14,884$13,881$12,944$9,855
8 years$14,817$13,679$12,623$11,644$10,738$7,816
9 years$13,037$11,910$10,872$9,918$9,043$6,284
10 years$11,614$10,498$9,478$8,550$7,705$5,106
11 years$10,451$9,346$8,345$7,441$6,627$4,182
12 years$9,482$8,388$7,406$6,527$5,743$3,447
13 years$8,663$7,580$6,617$5,762$5,008$2,856
14 years$7,961$6,890$5,945$5,115$4,390$2,376
15 years$7,354$6,295$5,368$4,562$3,865$1,983
16 years$6,823$5,775$4,866$4,084$3,416$1,660
17 years$6,355$5,319$4,428$3,670$3,029$1,393
18 years$5,939$4,915$4,042$3,307$2,693$1,171
19 years$5,568$4,555$3,701$2,988$2,400$986
20 years$5,234$4,233$3,396$2,707$2,144$831
21 years$4,932$3,943$3,124$2,456$1,919$701
22 years$4,658$3,680$2,879$2,233$1,720$592
23 years$4,409$3,442$2,658$2,034$1,544$501
24 years$4,180$3,225$2,459$1,855$1,388$423
25 years$3,970$3,026$2,277$1,694$1,249$358
26 years$3,777$2,844$2,112$1,549$1,125$303
27 years$3,598$2,677$1,961$1,418$1,014$257
28 years$3,432$2,522$1,823$1,299$915$218
29 years$3,278$2,380$1,697$1,191$826$185
30 years$3,135$2,247$1,580$1,093$747$156
31 years$3,001$2,124$1,473$1,004$675$133
32 years$2,875$2,010$1,375$923$611$113
33 years$2,758$1,904$1,283$849$553$95
34 years$2,648$1,804$1,199$781$500$81
35 years$2,544$1,711$1,121$719$453$69
36 years$2,446$1,624$1,049$662$411$58
37 years$2,354$1,543$982$610$372$49
38 years$2,266$1,466$919$562$337$42
39 years$2,184$1,394$861$518$306$36
40 years$2,105$1,326$807$478$277$30
41 years$2,031$1,263$757$441$252$26
42 years$1,961$1,202$710$407$228$22
43 years$1,894$1,146$666$376$207$18
44 years$1,830$1,092$625$347$188$16
45 years$1,769$1,041$587$320$171$13
46 years$1,711$993$552$296$155$11
47 years$1,656$948$518$273$141$10
48 years$1,603$905$487$253$128$8
49 years$1,552$864$458$234$116$7
50 years$1,504$826$430$216$106$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,540,000, adding $4,872 every year, while hoping to spend $43,945 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: 61/9/30 Blend
50$1,540,000$1,540,000$1,540,000$1,540,000
51$1,702,105$1,620,485$1,596,615$1,791,825
52$1,828,963$1,653,132$1,603,345$1,886,240
53$1,967,287$1,685,906$1,608,827$1,984,131
54$2,118,201$1,718,766$1,612,973$2,090,083
55$2,282,942$1,751,669$1,615,692$2,204,894
56$2,462,869$1,784,568$1,616,885$2,329,445
57$2,659,481$1,817,412$1,616,450$2,464,705
58$2,874,428$1,850,145$1,614,281$2,611,747
59$3,109,526$1,882,708$1,610,265$2,771,749
60$3,366,773$1,915,036$1,604,285$2,946,014
61$3,648,372$1,947,061$1,596,217$3,135,978
62$3,956,748$1,978,708$1,585,931$3,343,222
63$4,294,569$2,009,898$1,573,293$3,569,492
64$4,664,776$2,040,544$1,558,159$3,816,712
65$5,070,607$2,070,555$1,540,382$4,087,006
66$5,515,629$2,099,832$1,519,804$4,382,711
67$6,003,769$2,128,270$1,496,264$4,706,410
68$6,539,355$2,155,756$1,469,590$5,060,945
69$7,127,151$2,182,170$1,439,603$5,449,455
70$7,772,407$2,207,383$1,406,116$5,875,398
71$8,480,905$2,231,257$1,368,934$6,342,588
72$9,259,014$2,253,646$1,327,850$6,855,228
73$10,113,753$2,274,393$1,282,652$7,417,955
74$11,052,849$2,293,332$1,233,115$8,035,880
75$12,084,819$2,310,285$1,179,004$8,714,638
76$13,219,045$2,325,063$1,120,074$9,460,442
77$14,465,861$2,337,465$1,056,071$10,280,141
78$15,836,655$2,347,277$986,725$11,181,287
79$17,343,970$2,354,270$911,757$12,172,204
80$19,001,629$2,358,203$830,874$13,262,070
81$20,824,860$2,358,819$743,773$14,461,003
82$22,830,439$2,355,845$650,133$15,780,158
83$25,036,853$2,348,991$549,621$17,231,829
84$27,464,469$2,337,948$441,891$18,829,572
85$30,135,728$2,322,391$326,577$20,588,329
86$33,075,357$2,301,973$203,303$22,524,571
87$36,310,600$2,276,326$71,670$24,656,457
88$39,871,478$2,245,062$0$27,004,001
89$43,791,066$2,207,768$0$29,611,290
90$48,105,812$2,164,007$0$32,506,534
91$52,855,877$2,113,314$0$35,693,720
92$58,085,511$2,055,201$0$39,202,546
93$63,843,475$1,989,148$0$43,065,740
94$70,183,499$1,914,606$0$47,319,367
95$77,164,786$1,830,992$0$52,003,170
96$84,852,576$1,737,693$0$57,160,944
97$93,318,756$1,634,056$0$62,840,949
98$102,642,539$1,519,395$0$69,096,370
99$112,911,214$1,392,982$0$75,985,812
100$124,220,967$1,254,047$0$83,573,861