Can I retire at age 51 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$130,475$129,313$128,179$127,072$125,991$124,780
2 years$64,592$63,389$62,223$61,092$59,996$58,775
3 years$42,633$41,425$40,262$39,142$38,064$36,872
4 years$31,656$30,452$29,301$28,200$27,147$25,994
5 years$25,072$23,875$22,738$21,660$20,637$19,525
6 years$20,684$19,495$18,376$17,322$16,329$15,260
7 years$17,550$16,372$15,271$14,241$13,280$12,254
8 years$15,202$14,034$12,951$11,947$11,017$10,034
9 years$13,376$12,219$11,154$10,176$9,278$8,338
10 years$11,916$10,771$9,725$8,772$7,905$7,008
11 years$10,722$9,588$8,561$7,634$6,799$5,943
12 years$9,728$8,606$7,598$6,696$5,892$5,077
13 years$8,888$7,777$6,788$5,912$5,138$4,363
14 years$8,168$7,069$6,099$5,248$4,504$3,768
15 years$7,545$6,458$5,507$4,680$3,965$3,267
16 years$7,000$5,925$4,993$4,190$3,505$2,843
17 years$6,520$5,457$4,543$3,765$3,107$2,481
18 years$6,093$5,042$4,147$3,393$2,763$2,171
19 years$5,712$4,673$3,797$3,066$2,463$1,904
20 years$5,370$4,343$3,484$2,777$2,200$1,673
21 years$5,060$4,045$3,205$2,520$1,969$1,472
22 years$4,779$3,776$2,954$2,291$1,765$1,297
23 years$4,523$3,531$2,727$2,087$1,584$1,144
24 years$4,289$3,309$2,522$1,903$1,424$1,011
25 years$4,073$3,105$2,336$1,738$1,281$894
26 years$3,875$2,918$2,167$1,589$1,154$791
27 years$3,692$2,746$2,012$1,455$1,040$700
28 years$3,521$2,588$1,870$1,333$939$620
29 years$3,363$2,441$1,741$1,222$848$550
30 years$3,216$2,306$1,621$1,122$766$488
31 years$3,079$2,180$1,512$1,030$692$433
32 years$2,950$2,062$1,410$947$626$384
33 years$2,830$1,953$1,317$871$567$341
34 years$2,716$1,851$1,230$801$513$303
35 years$2,610$1,756$1,150$737$465$269
36 years$2,509$1,666$1,076$679$421$239
37 years$2,415$1,583$1,007$626$382$213
38 years$2,325$1,504$943$577$346$189
39 years$2,240$1,430$884$532$314$168
40 years$2,160$1,361$828$491$285$150
41 years$2,084$1,295$777$453$258$133
42 years$2,012$1,234$728$418$234$118
43 years$1,943$1,175$684$386$213$105
44 years$1,877$1,120$642$356$193$94
45 years$1,815$1,068$603$329$175$83
46 years$1,755$1,019$566$304$159$74
47 years$1,699$973$532$281$144$66
48 years$1,644$929$500$259$131$59
49 years$1,592$887$470$240$119$52
50 years$1,543$847$441$221$108$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,580,000, adding $5,663 every year, while hoping to spend $41,269 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: 38/39/23 Blend
50$1,580,000$1,580,000$1,580,000$1,580,000
51$1,747,001$1,663,261$1,638,771$1,801,192
52$1,881,286$1,700,851$1,649,760$1,878,678
53$2,027,884$1,738,900$1,659,734$1,958,095
54$2,188,008$1,777,386$1,668,616$2,043,099
55$2,362,993$1,816,287$1,676,323$2,134,219
56$2,554,309$1,855,575$1,682,770$2,232,039
57$2,763,573$1,895,223$1,687,867$2,337,206
58$2,992,567$1,935,199$1,691,521$2,450,428
59$3,243,253$1,975,467$1,693,630$2,572,490
60$3,517,789$2,015,989$1,694,091$2,704,255
61$3,818,556$2,056,725$1,692,796$2,846,678
62$4,148,173$2,097,628$1,689,628$3,000,809
63$4,509,524$2,138,650$1,684,468$3,167,808
64$4,905,787$2,179,736$1,677,190$3,348,953
65$5,340,463$2,220,828$1,667,661$3,545,656
66$5,817,406$2,261,864$1,655,743$3,759,471
67$6,340,861$2,302,776$1,641,291$3,992,115
68$6,915,506$2,343,489$1,624,152$4,245,481
69$7,546,494$2,383,926$1,604,166$4,521,654
70$8,239,499$2,424,001$1,581,168$4,822,939
71$9,000,773$2,463,622$1,554,982$5,151,873
72$9,837,203$2,502,691$1,525,426$5,511,259
73$10,756,378$2,541,102$1,492,308$5,904,183
74$11,766,655$2,578,743$1,455,427$6,334,053
75$12,877,244$2,615,492$1,414,574$6,804,626
76$14,098,291$2,651,219$1,369,530$7,320,046
77$15,440,972$2,685,785$1,320,065$7,884,881
78$16,917,604$2,719,041$1,265,940$8,504,172
79$18,541,755$2,750,829$1,206,904$9,183,476
80$20,328,373$2,780,978$1,142,694$9,928,921
81$22,293,930$2,809,309$1,073,038$10,747,267
82$24,456,574$2,835,629$997,647$11,645,966
83$26,836,300$2,859,730$916,225$12,633,235
84$29,455,141$2,881,395$828,456$13,718,139
85$32,337,372$2,900,391$734,016$14,910,669
86$35,509,742$2,916,467$632,564$16,221,844
87$39,001,723$2,929,362$523,742$17,663,814
88$42,845,791$2,938,792$407,179$19,249,975
89$47,077,729$2,944,461$282,487$20,995,098
90$51,736,967$2,946,050$149,261$22,915,468
91$56,866,953$2,943,221$7,076$25,029,040
92$62,515,562$2,935,618$0$27,355,613
93$68,735,546$2,922,860$0$29,952,512
94$75,585,035$2,904,544$0$32,812,462
95$83,128,084$2,880,242$0$35,960,371
96$91,435,275$2,849,500$0$39,425,610
97$100,584,386$2,811,839$0$43,240,552
98$110,661,121$2,766,747$0$47,440,877
99$121,759,923$2,713,685$0$52,065,912
100$133,984,861$2,652,081$0$57,159,001