Can I retire at age 51 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$133,778$132,586$131,424$130,289$129,181$126,625
2 years$66,227$64,993$63,798$62,639$61,515$58,950
3 years$43,713$42,474$41,282$40,133$39,028$36,534
4 years$32,458$31,223$30,042$28,914$27,835$25,432
5 years$25,707$24,479$23,314$22,209$21,160$18,855
6 years$21,207$19,989$18,841$17,760$16,743$14,538
7 years$17,995$16,787$15,657$14,602$13,616$11,513
8 years$15,586$14,389$13,279$12,249$11,296$9,293
9 years$13,714$12,528$11,437$10,434$9,513$7,608
10 years$12,217$11,043$9,971$8,994$8,106$6,298
11 years$10,994$9,831$8,778$7,827$6,971$5,258
12 years$9,974$8,824$7,790$6,866$6,041$4,420
13 years$9,113$7,974$6,960$6,061$5,268$3,737
14 years$8,375$7,248$6,254$5,381$4,618$3,173
15 years$7,736$6,622$5,646$4,798$4,066$2,705
16 years$7,177$6,075$5,119$4,297$3,593$2,313
17 years$6,685$5,595$4,658$3,860$3,186$1,984
18 years$6,248$5,170$4,252$3,479$2,833$1,705
19 years$5,857$4,791$3,893$3,144$2,525$1,468
20 years$5,506$4,452$3,573$2,847$2,255$1,266
21 years$5,189$4,147$3,286$2,584$2,018$1,093
22 years$4,900$3,871$3,029$2,349$1,809$945
23 years$4,638$3,621$2,797$2,140$1,624$818
24 years$4,397$3,392$2,586$1,951$1,460$708
25 years$4,177$3,184$2,395$1,782$1,314$614
26 years$3,973$2,992$2,222$1,630$1,183$533
27 years$3,785$2,816$2,063$1,492$1,067$462
28 years$3,611$2,653$1,918$1,367$963$401
29 years$3,449$2,503$1,785$1,253$869$349
30 years$3,298$2,364$1,662$1,150$785$303
31 years$3,157$2,235$1,550$1,056$710$263
32 years$3,025$2,115$1,446$971$642$229
33 years$2,901$2,003$1,350$893$581$199
34 years$2,785$1,898$1,261$821$526$173
35 years$2,676$1,800$1,179$756$477$151
36 years$2,573$1,709$1,103$696$432$131
37 years$2,476$1,623$1,033$642$391$114
38 years$2,384$1,542$967$591$355$99
39 years$2,297$1,467$906$545$322$87
40 years$2,215$1,395$849$503$292$75
41 years$2,137$1,328$796$464$265$66
42 years$2,062$1,265$747$428$240$57
43 years$1,992$1,205$701$395$218$50
44 years$1,925$1,149$658$365$198$43
45 years$1,861$1,095$618$337$180$38
46 years$1,800$1,045$580$311$163$33
47 years$1,742$997$545$288$148$29
48 years$1,686$952$512$266$135$25
49 years$1,633$909$481$246$122$22
50 years$1,582$868$453$227$111$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,620,000, adding $6,967 every year, while hoping to spend $57,163 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: 50/25/25 Blend
50$1,620,000$1,620,000$1,620,000$1,620,000
51$1,792,426$1,706,566$1,681,456$1,869,106
52$1,914,433$1,729,367$1,676,964$1,946,021
53$2,046,968$1,751,369$1,670,406$2,023,261
54$2,191,046$1,772,473$1,661,651$2,106,062
55$2,347,781$1,792,573$1,650,565$2,194,976
56$2,518,401$1,811,555$1,637,005$2,290,612
57$2,704,254$1,829,298$1,620,821$2,393,644
58$2,906,828$1,845,673$1,601,859$2,504,818
59$3,127,756$1,860,543$1,579,953$2,624,954
60$3,368,839$1,873,761$1,554,933$2,754,963
61$3,632,057$1,885,172$1,526,619$2,895,849
62$3,919,590$1,894,609$1,494,824$3,048,721
63$4,233,839$1,901,896$1,459,352$3,214,805
64$4,577,447$1,906,845$1,419,996$3,395,456
65$4,953,323$1,909,257$1,376,543$3,592,168
66$5,364,672$1,908,920$1,328,766$3,806,593
67$5,815,020$1,905,608$1,276,432$4,040,557
68$6,308,253$1,899,084$1,219,293$4,296,072
69$6,848,649$1,889,093$1,157,094$4,575,365
70$7,440,919$1,875,367$1,089,565$4,880,891
71$8,090,253$1,857,620$1,016,425$5,215,362
72$8,802,365$1,835,550$937,382$5,581,773
73$9,583,550$1,808,836$852,128$5,983,428
74$10,440,742$1,777,138$760,343$6,423,976
75$11,381,576$1,740,097$661,694$6,907,444
76$12,414,466$1,697,330$555,829$7,438,278
77$13,548,678$1,648,436$442,386$8,021,384
78$14,794,419$1,592,985$320,982$8,662,176
79$16,162,935$1,530,526$191,220$9,366,628
80$17,666,613$1,460,581$52,684$10,141,335
81$19,319,100$1,382,642$0$10,993,570
82$21,135,432$1,296,176$0$11,956,745
83$23,132,172$1,200,614$0$13,030,981
84$25,327,569$1,095,359$0$14,212,105
85$27,741,727$979,778$0$15,511,030
86$30,396,798$853,202$0$16,939,784
87$33,317,187$714,924$0$18,511,628
88$36,529,782$564,198$0$20,241,181
89$40,064,212$400,235$0$22,144,559
90$43,953,117$222,203$0$24,239,530
91$48,232,465$29,220$0$26,545,678
92$52,941,884$0$0$29,084,596
93$58,125,040$0$0$31,929,502
94$63,830,045$0$0$35,069,892
95$70,109,913$0$0$38,526,934
96$77,023,056$0$0$42,332,812
97$84,633,842$0$0$46,522,987
98$93,013,192$0$0$51,136,536
99$102,239,257$0$0$56,216,515
100$112,398,150$0$0$61,810,370