Can I retire at age 51 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$134,604$133,405$132,235$131,093$129,978$129,051
2 years$66,636$65,395$64,192$63,026$61,895$60,959
3 years$43,982$42,736$41,536$40,381$39,268$38,355
4 years$32,658$31,416$30,228$29,092$28,007$27,121
5 years$25,865$24,630$23,458$22,346$21,290$20,435
6 years$21,338$20,112$18,958$17,870$16,846$16,023
7 years$18,106$16,890$15,754$14,692$13,700$12,910
8 years$15,683$14,478$13,361$12,325$11,366$10,608
9 years$13,799$12,606$11,507$10,498$9,572$8,846
10 years$12,293$11,111$10,032$9,049$8,156$7,461
11 years$11,061$9,892$8,832$7,876$7,014$6,351
12 years$10,036$8,878$7,839$6,908$6,078$5,446
13 years$9,169$8,023$7,003$6,099$5,300$4,698
14 years$8,426$7,293$6,292$5,414$4,646$4,073
15 years$7,784$6,662$5,681$4,828$4,091$3,546
16 years$7,222$6,113$5,151$4,323$3,616$3,099
17 years$6,726$5,629$4,687$3,884$3,206$2,716
18 years$6,286$5,202$4,279$3,500$2,850$2,386
19 years$5,893$4,821$3,917$3,163$2,541$2,102
20 years$5,540$4,480$3,595$2,865$2,269$1,854
21 years$5,221$4,173$3,306$2,600$2,031$1,639
22 years$4,931$3,895$3,047$2,364$1,820$1,451
23 years$4,666$3,643$2,814$2,153$1,634$1,286
24 years$4,425$3,413$2,602$1,964$1,469$1,141
25 years$4,202$3,203$2,410$1,793$1,322$1,014
26 years$3,998$3,011$2,235$1,640$1,190$901
27 years$3,808$2,833$2,076$1,501$1,073$802
28 years$3,633$2,670$1,930$1,375$968$714
29 years$3,470$2,519$1,796$1,261$875$636
30 years$3,318$2,379$1,673$1,157$790$567
31 years$3,176$2,249$1,559$1,063$714$505
32 years$3,043$2,128$1,455$977$646$451
33 years$2,919$2,015$1,358$898$585$402
34 years$2,802$1,910$1,269$826$529$359
35 years$2,692$1,811$1,187$761$480$321
36 years$2,589$1,719$1,110$701$435$287
37 years$2,491$1,633$1,039$646$394$256
38 years$2,399$1,552$973$595$357$229
39 years$2,311$1,476$912$549$324$205
40 years$2,228$1,404$854$506$294$183
41 years$2,150$1,336$801$467$266$163
42 years$2,075$1,273$752$431$242$146
43 years$2,004$1,213$705$398$219$131
44 years$1,937$1,156$662$367$199$117
45 years$1,872$1,102$622$339$181$105
46 years$1,811$1,052$584$313$164$94
47 years$1,752$1,003$548$289$149$84
48 years$1,696$958$515$267$135$75
49 years$1,643$915$484$247$123$67
50 years$1,591$874$455$228$112$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,630,000, adding $2,260 every year, while hoping to spend $43,041 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: 51/29/20 Blend
50$1,630,000$1,630,000$1,630,000$1,630,000
51$1,798,591$1,712,201$1,686,936$1,880,233
52$1,936,252$1,750,304$1,697,653$1,974,917
53$2,086,512$1,788,831$1,707,287$2,073,183
54$2,250,610$1,827,758$1,715,755$2,179,110
55$2,429,912$1,867,057$1,722,972$2,293,440
56$2,625,919$1,906,699$1,728,848$2,416,990
57$2,840,286$1,946,650$1,733,287$2,550,659
58$3,074,834$1,986,875$1,736,191$2,695,439
59$3,331,568$2,027,332$1,737,454$2,852,424
60$3,612,696$2,067,980$1,736,967$3,022,819
61$3,920,651$2,108,771$1,734,616$3,207,954
62$4,258,110$2,149,654$1,730,278$3,409,292
63$4,628,023$2,190,572$1,723,828$3,628,448
64$5,033,638$2,231,467$1,715,133$3,867,203
65$5,478,532$2,272,273$1,704,054$4,127,519
66$5,966,648$2,312,919$1,690,444$4,411,559
67$6,502,323$2,353,330$1,674,152$4,721,708
68$7,090,341$2,393,424$1,655,017$5,060,595
69$7,735,968$2,433,113$1,632,871$5,431,119
70$8,445,004$2,472,303$1,607,540$5,836,475
71$9,223,840$2,510,892$1,578,839$6,280,188
72$10,079,518$2,548,771$1,546,576$6,766,140
73$11,019,792$2,585,825$1,510,550$7,298,614
74$12,053,208$2,621,927$1,470,550$7,882,331
75$13,189,178$2,656,944$1,426,356$8,522,494
76$14,438,073$2,690,733$1,377,738$9,224,843
77$15,811,318$2,723,141$1,324,454$9,995,701
78$17,321,503$2,754,005$1,266,253$10,842,042
79$18,982,495$2,783,150$1,202,872$11,771,554
80$20,809,576$2,810,391$1,134,034$12,792,711
81$22,819,581$2,835,528$1,059,453$13,914,856
82$25,031,061$2,858,352$978,827$15,148,288
83$27,464,454$2,878,636$891,842$16,504,361
84$30,142,280$2,896,141$798,171$17,995,591
85$33,089,352$2,910,612$697,469$19,635,776
86$36,333,012$2,921,777$589,380$21,440,125
87$39,903,384$2,929,349$473,530$23,425,405
88$43,833,663$2,933,021$349,526$25,610,097
89$48,160,424$2,932,467$216,963$28,014,576
90$52,923,971$2,927,341$75,415$30,661,298
91$58,168,712$2,917,277$0$33,575,020
92$63,943,580$2,901,883$0$36,799,172
93$70,302,498$2,880,748$0$40,365,914
94$77,304,880$2,853,432$0$44,292,395
95$85,016,199$2,819,471$0$48,615,269
96$93,508,598$2,778,372$0$53,374,932
97$102,861,575$2,729,613$0$58,615,904
98$113,162,732$2,672,640$0$64,387,249
99$124,508,599$2,606,867$0$70,743,041
100$137,005,547$2,531,675$0$77,742,872