Can I retire at age 51 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$132,952$131,768$130,613$129,485$128,384$125,637
2 years$65,818$64,592$63,404$62,252$61,135$58,382
3 years$43,443$42,212$41,027$39,886$38,787$36,112
4 years$32,257$31,030$29,857$28,735$27,663$25,088
5 years$25,548$24,328$23,170$22,072$21,029$18,560
6 years$21,076$19,866$18,725$17,651$16,639$14,280
7 years$17,884$16,683$15,561$14,512$13,532$11,283
8 years$15,490$14,300$13,197$12,173$11,226$9,086
9 years$13,630$12,451$11,366$10,369$9,454$7,421
10 years$12,142$10,975$9,909$8,938$8,055$6,128
11 years$10,926$9,770$8,724$7,779$6,928$5,103
12 years$9,913$8,769$7,742$6,823$6,004$4,279
13 years$9,056$7,925$6,917$6,024$5,235$3,608
14 years$8,323$7,204$6,215$5,347$4,589$3,056
15 years$7,688$6,581$5,611$4,769$4,041$2,598
16 years$7,133$6,038$5,088$4,270$3,571$2,215
17 years$6,644$5,560$4,630$3,837$3,166$1,894
18 years$6,209$5,138$4,226$3,458$2,815$1,623
19 years$5,821$4,762$3,869$3,124$2,509$1,393
20 years$5,472$4,425$3,551$2,830$2,242$1,198
21 years$5,157$4,122$3,266$2,568$2,006$1,031
22 years$4,870$3,847$3,010$2,335$1,798$889
23 years$4,609$3,598$2,779$2,126$1,614$767
24 years$4,370$3,372$2,570$1,939$1,451$662
25 years$4,151$3,164$2,381$1,771$1,305$572
26 years$3,949$2,974$2,208$1,619$1,176$495
27 years$3,762$2,799$2,050$1,482$1,060$428
28 years$3,588$2,637$1,906$1,358$957$370
29 years$3,427$2,488$1,774$1,245$864$321
30 years$3,277$2,349$1,652$1,143$780$278
31 years$3,137$2,221$1,540$1,050$706$241
32 years$3,006$2,102$1,437$965$638$209
33 years$2,883$1,990$1,342$887$578$181
34 years$2,768$1,886$1,254$816$523$157
35 years$2,659$1,789$1,172$751$474$136
36 years$2,557$1,698$1,096$692$429$118
37 years$2,461$1,613$1,026$638$389$102
38 years$2,369$1,533$961$588$353$89
39 years$2,283$1,457$900$542$320$77
40 years$2,201$1,387$844$500$290$67
41 years$2,123$1,320$791$461$263$58
42 years$2,050$1,257$742$426$239$50
43 years$1,980$1,198$697$393$217$44
44 years$1,913$1,142$654$363$197$38
45 years$1,849$1,089$614$335$179$33
46 years$1,789$1,039$577$309$162$28
47 years$1,731$991$542$286$147$25
48 years$1,675$946$509$264$134$21
49 years$1,623$904$479$244$121$19
50 years$1,572$863$450$226$110$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,610,000, adding $6,182 every year, while hoping to spend $33,394 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: 31/45/24 Blend
50$1,610,000$1,610,000$1,610,000$1,610,000
51$1,780,597$1,695,267$1,670,312$1,822,449
52$1,926,687$1,742,804$1,690,736$1,902,448
53$2,086,558$1,791,551$1,710,726$1,985,102
54$2,261,583$1,841,532$1,730,230$2,073,397
55$2,453,269$1,892,772$1,749,198$2,167,846
56$2,663,278$1,945,294$1,767,572$2,269,016
57$2,893,442$1,999,122$1,785,295$2,377,528
58$3,145,775$2,054,282$1,802,304$2,494,068
59$3,422,498$2,110,795$1,818,535$2,619,388
60$3,726,056$2,168,688$1,833,920$2,754,320
61$4,059,143$2,227,982$1,848,385$2,899,775
62$4,424,725$2,288,703$1,861,855$3,056,761
63$4,826,070$2,350,872$1,874,250$3,226,384
64$5,266,778$2,414,514$1,885,487$3,409,865
65$5,750,814$2,479,650$1,895,476$3,608,547
66$6,282,548$2,546,303$1,904,124$3,823,910
67$6,866,790$2,614,495$1,911,335$4,057,584
68$7,508,842$2,684,245$1,917,004$4,311,364
69$8,214,546$2,755,575$1,921,026$4,587,228
70$8,990,335$2,828,503$1,923,286$4,887,357
71$9,843,299$2,903,049$1,923,665$5,214,151
72$10,781,247$2,979,231$1,922,040$5,570,255
73$11,812,785$3,057,064$1,918,279$5,958,586
74$12,947,393$3,136,564$1,912,245$6,382,355
75$14,195,517$3,217,746$1,903,795$6,845,101
76$15,568,666$3,300,621$1,892,778$7,350,726
77$17,079,519$3,385,201$1,879,036$7,903,527
78$18,742,050$3,471,495$1,862,403$8,508,240
79$20,571,652$3,559,511$1,842,706$9,170,085
80$22,585,287$3,649,254$1,819,764$9,894,816
81$24,801,646$3,740,727$1,793,386$10,688,770
82$27,241,322$3,833,931$1,763,373$11,558,934
83$29,927,008$3,928,865$1,729,516$12,513,009
84$32,883,706$4,025,522$1,691,598$13,559,479
85$36,138,968$4,123,897$1,649,391$14,707,696
86$39,723,152$4,223,977$1,602,655$15,967,968
87$43,669,710$4,325,748$1,551,140$17,351,653
88$48,015,503$4,429,193$1,494,586$18,871,270
89$52,801,149$4,534,287$1,432,719$20,540,618
90$58,071,404$4,641,006$1,365,253$22,374,902
91$63,875,589$4,749,316$1,291,891$24,390,883
92$70,268,048$4,859,183$1,212,319$26,607,032
93$77,308,669$4,970,562$1,126,211$29,043,707
94$85,063,442$5,083,408$1,033,228$31,723,344
95$93,605,083$5,197,666$933,012$34,670,671
96$103,013,726$5,313,275$825,191$37,912,943
97$113,377,669$5,430,169$709,378$41,480,197
98$124,794,215$5,548,271$585,166$45,405,537
99$137,370,587$5,667,499$452,132$49,725,449
100$151,224,942$5,787,761$309,833$54,480,144