Can I retire at age 51 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$128,823$127,676$126,556$125,464$124,397$121,686
2 years$63,774$62,586$61,435$60,319$59,236$56,519
3 years$42,094$40,901$39,753$38,647$37,582$34,943
4 years$31,256$30,066$28,930$27,843$26,804$24,263
5 years$24,754$23,572$22,451$21,386$20,376$17,941
6 years$20,422$19,249$18,143$17,103$16,123$13,796
7 years$17,328$16,165$15,077$14,061$13,112$10,894
8 years$15,009$13,856$12,787$11,795$10,878$8,768
9 years$13,206$12,064$11,013$10,047$9,161$7,157
10 years$11,765$10,634$9,602$8,661$7,805$5,906
11 years$10,586$9,467$8,453$7,537$6,713$4,915
12 years$9,605$8,497$7,502$6,611$5,817$4,119
13 years$8,775$7,679$6,702$5,837$5,073$3,470
14 years$8,065$6,980$6,022$5,181$4,447$2,937
15 years$7,449$6,376$5,437$4,621$3,915$2,495
16 years$6,911$5,850$4,930$4,137$3,460$2,126
17 years$6,437$5,388$4,486$3,717$3,068$1,817
18 years$6,016$4,979$4,095$3,350$2,728$1,555
19 years$5,640$4,614$3,749$3,027$2,432$1,334
20 years$5,302$4,288$3,440$2,742$2,172$1,146
21 years$4,996$3,994$3,164$2,488$1,944$986
22 years$4,719$3,728$2,917$2,262$1,742$849
23 years$4,466$3,487$2,693$2,060$1,564$732
24 years$4,235$3,267$2,491$1,879$1,406$632
25 years$4,022$3,066$2,307$1,716$1,265$545
26 years$3,826$2,881$2,139$1,569$1,139$471
27 years$3,645$2,712$1,987$1,436$1,027$407
28 years$3,477$2,555$1,847$1,316$927$352
29 years$3,321$2,411$1,719$1,207$837$305
30 years$3,175$2,276$1,601$1,108$756$264
31 years$3,040$2,152$1,492$1,017$684$228
32 years$2,913$2,036$1,392$935$618$198
33 years$2,794$1,928$1,300$860$560$171
34 years$2,682$1,828$1,215$791$507$148
35 years$2,577$1,733$1,136$728$459$128
36 years$2,478$1,645$1,062$671$416$111
37 years$2,384$1,563$994$618$377$96
38 years$2,296$1,485$931$569$342$84
39 years$2,212$1,412$872$525$310$72
40 years$2,133$1,344$818$484$281$63
41 years$2,058$1,279$767$447$255$54
42 years$1,986$1,218$719$412$231$47
43 years$1,918$1,161$675$381$210$41
44 years$1,854$1,106$634$351$191$36
45 years$1,792$1,055$595$325$173$31
46 years$1,733$1,006$559$300$157$27
47 years$1,677$960$525$277$143$23
48 years$1,623$917$493$256$130$20
49 years$1,572$875$464$237$118$17
50 years$1,523$836$436$219$107$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,560,000, adding $3,447 every year, while hoping to spend $46,344 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: 31/49/20 Blend
50$1,560,000$1,560,000$1,560,000$1,560,000
51$1,722,676$1,639,996$1,615,816$1,765,242
52$1,849,079$1,671,046$1,620,636$1,828,675
53$1,986,822$1,702,064$1,624,064$1,892,480
54$2,137,013$1,733,000$1,626,005$1,960,191
55$2,300,870$1,763,799$1,626,359$2,032,175
56$2,479,737$1,794,403$1,625,019$2,108,840
57$2,675,089$1,824,748$1,621,876$2,190,633
58$2,888,553$1,854,766$1,616,815$2,278,053
59$3,121,920$1,884,384$1,609,712$2,371,649
60$3,377,160$1,913,523$1,600,442$2,472,026
61$3,656,445$1,942,100$1,588,871$2,579,856
62$3,962,163$1,970,023$1,574,859$2,695,880
63$4,296,946$1,997,197$1,558,259$2,820,917
64$4,663,692$2,023,517$1,538,918$2,955,872
65$5,065,593$2,048,874$1,516,676$3,101,746
66$5,506,163$2,073,148$1,491,364$3,259,644
67$5,989,273$2,096,214$1,462,807$3,430,787
68$6,519,187$2,117,937$1,430,819$3,616,524
69$7,100,602$2,138,173$1,395,209$3,818,347
70$7,738,689$2,156,769$1,355,774$4,037,902
71$8,439,146$2,173,562$1,312,304$4,277,007
72$9,208,250$2,188,378$1,264,577$4,537,673
73$10,052,914$2,201,031$1,212,363$4,822,119
74$10,980,755$2,211,325$1,155,421$5,132,795
75$12,000,163$2,219,051$1,093,499$5,472,409
76$13,120,381$2,223,986$1,026,332$5,843,948
77$14,351,591$2,225,892$953,645$6,250,713
78$15,705,012$2,224,519$875,151$6,696,349
79$17,193,003$2,219,600$790,548$7,184,877
80$18,829,180$2,210,852$699,523$7,720,740
81$20,628,546$2,197,973$601,746$8,308,840
82$22,607,629$2,180,646$496,876$8,954,589
83$24,784,641$2,158,530$384,555$9,663,961
84$27,179,645$2,131,269$264,408$10,443,549
85$29,814,749$2,098,482$136,046$11,300,628
86$32,714,311$2,059,765$0$12,243,231
87$35,905,170$2,014,693$0$13,280,418
88$39,416,897$1,962,813$0$14,452,764
89$43,282,077$1,903,647$0$15,742,090
90$47,536,612$1,836,689$0$17,160,400
91$52,220,062$1,761,402$0$18,720,934
92$57,376,017$1,677,220$0$20,438,289
93$63,052,510$1,583,542$0$22,328,566
94$69,302,464$1,479,735$0$24,409,517
95$76,184,201$1,365,126$0$26,700,721
96$83,761,980$1,239,008$0$29,223,765
97$92,106,613$1,100,631$0$32,002,454
98$101,296,127$949,201$0$35,063,034
99$111,416,503$783,883$0$38,434,447
100$122,562,484$603,791$0$42,148,605