Can I retire at age 51 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$131,301$130,131$128,990$127,876$126,789$122,927
2 years$65,000$63,790$62,617$61,479$60,376$56,518
3 years$42,903$41,687$40,517$39,390$38,305$34,573
4 years$31,857$30,645$29,486$28,378$27,319$23,741
5 years$25,231$24,026$22,882$21,797$20,768$17,353
6 years$20,815$19,619$18,492$17,432$16,433$13,184
7 years$17,662$16,476$15,367$14,331$13,364$10,282
8 years$15,298$14,123$13,033$12,022$11,087$8,169
9 years$13,460$12,296$11,225$10,240$9,337$6,580
10 years$11,991$10,839$9,786$8,827$7,955$5,356
11 years$10,790$9,649$8,616$7,682$6,842$4,396
12 years$9,790$8,661$7,646$6,738$5,929$3,630
13 years$8,944$7,827$6,831$5,949$5,170$3,014
14 years$8,220$7,114$6,138$5,281$4,532$2,513
15 years$7,593$6,499$5,542$4,710$3,991$2,102
16 years$7,044$5,963$5,024$4,217$3,527$1,763
17 years$6,561$5,491$4,572$3,789$3,127$1,482
18 years$6,132$5,074$4,174$3,415$2,781$1,249
19 years$5,749$4,703$3,821$3,085$2,478$1,054
20 years$5,404$4,370$3,507$2,794$2,214$890
21 years$5,092$4,071$3,225$2,536$1,981$753
22 years$4,810$3,800$2,973$2,306$1,776$638
23 years$4,552$3,554$2,745$2,100$1,594$540
24 years$4,316$3,330$2,538$1,915$1,433$458
25 years$4,099$3,125$2,351$1,749$1,289$389
26 years$3,900$2,937$2,180$1,599$1,161$330
27 years$3,715$2,764$2,025$1,464$1,047$280
28 years$3,544$2,604$1,882$1,341$945$238
29 years$3,385$2,457$1,752$1,230$853$202
30 years$3,237$2,320$1,632$1,129$771$172
31 years$3,098$2,193$1,521$1,037$697$146
32 years$2,969$2,075$1,419$953$630$124
33 years$2,847$1,965$1,325$876$570$106
34 years$2,734$1,863$1,238$806$517$90
35 years$2,626$1,767$1,158$742$468$76
36 years$2,525$1,677$1,083$683$424$65
37 years$2,430$1,593$1,014$630$384$55
38 years$2,340$1,514$949$580$348$47
39 years$2,255$1,439$889$535$316$40
40 years$2,174$1,369$833$494$286$34
41 years$2,097$1,304$782$455$260$29
42 years$2,024$1,241$733$420$236$25
43 years$1,955$1,183$688$388$214$21
44 years$1,889$1,128$646$358$194$18
45 years$1,826$1,075$606$331$176$15
46 years$1,766$1,026$569$306$160$13
47 years$1,709$979$535$282$145$11
48 years$1,655$934$503$261$132$9
49 years$1,602$892$473$241$120$8
50 years$1,552$852$444$223$109$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,590,000, adding $6,235 every year, while hoping to spend $33,091 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: 36/44/20 Blend
50$1,590,000$1,590,000$1,590,000$1,590,000
51$1,758,611$1,674,341$1,649,696$1,811,060
52$1,902,781$1,721,176$1,669,753$1,896,723
53$2,060,547$1,769,196$1,689,372$1,985,603
54$2,233,261$1,818,424$1,708,504$2,080,874
55$2,422,412$1,868,886$1,727,097$2,183,124
56$2,629,640$1,920,602$1,745,096$2,293,005
57$2,856,748$1,973,597$1,762,442$2,411,231
58$3,105,727$2,027,894$1,779,075$2,538,589
59$3,378,766$2,083,515$1,794,928$2,675,945
60$3,678,277$2,140,484$1,809,935$2,824,253
61$4,006,916$2,198,823$1,824,023$2,984,562
62$4,367,610$2,258,554$1,837,117$3,158,028
63$4,763,583$2,319,700$1,849,137$3,345,924
64$5,198,385$2,382,282$1,859,999$3,549,651
65$5,675,928$2,446,321$1,869,617$3,770,752
66$6,200,521$2,511,839$1,877,897$4,010,928
67$6,776,909$2,578,855$1,884,742$4,272,051
68$7,410,324$2,647,388$1,890,051$4,556,183
69$8,106,525$2,717,458$1,893,715$4,865,598
70$8,871,859$2,789,082$1,895,624$5,202,797
71$9,713,320$2,862,278$1,895,658$5,570,538
72$10,638,610$2,937,061$1,893,694$5,971,860
73$11,656,217$3,013,446$1,889,601$6,410,109
74$12,775,493$3,091,447$1,883,245$6,888,975
75$14,006,741$3,171,076$1,874,481$7,412,520
76$15,361,313$3,252,343$1,863,161$7,985,223
77$16,851,716$3,335,257$1,849,126$8,612,016
78$18,491,733$3,419,826$1,832,214$9,298,338
79$20,296,547$3,506,055$1,812,250$10,050,179
80$22,282,890$3,593,947$1,789,056$10,874,141
81$24,469,197$3,683,503$1,762,442$11,777,498
82$26,875,781$3,774,720$1,732,209$12,768,269
83$29,525,025$3,867,596$1,698,152$13,855,287
84$32,441,590$3,962,121$1,660,053$15,048,289
85$35,652,654$4,058,286$1,617,686$16,358,005
86$39,188,159$4,156,076$1,570,813$17,796,259
87$43,081,102$4,255,475$1,519,187$19,376,082
88$47,367,842$4,356,461$1,462,547$21,111,834
89$52,088,442$4,459,007$1,400,622$23,019,342
90$57,287,049$4,563,085$1,333,129$25,116,048
91$63,012,310$4,668,658$1,259,770$27,421,173
92$69,317,830$4,775,686$1,180,237$29,955,901
93$76,262,678$4,884,125$1,094,205$32,743,578
94$83,911,946$4,993,921$1,001,335$35,809,934
95$92,337,358$5,105,017$901,274$39,183,324
96$101,617,954$5,217,349$793,652$42,894,997
97$111,840,830$5,330,843$678,084$46,979,395
98$123,101,961$5,445,421$554,166$51,474,473
99$135,507,109$5,560,995$421,478$56,422,061
100$149,172,817$5,677,466$279,581$61,868,259