Can I retire at age 51 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$135,430$134,223$133,046$131,898$130,776$125,986
2 years$67,044$65,796$64,586$63,412$62,274$57,501
3 years$44,252$42,998$41,791$40,629$39,509$34,904
4 years$32,858$31,608$30,413$29,271$28,178$23,776
5 years$26,024$24,781$23,602$22,483$21,421$17,232
6 years$21,469$20,236$19,074$17,980$16,950$12,978
7 years$18,217$16,994$15,850$14,782$13,784$10,030
8 years$15,779$14,567$13,442$12,400$11,436$7,893
9 years$13,884$12,683$11,578$10,562$9,630$6,296
10 years$12,368$11,180$10,094$9,105$8,206$5,074
11 years$11,129$9,953$8,887$7,924$7,057$4,121
12 years$10,098$8,933$7,887$6,950$6,116$3,367
13 years$9,225$8,073$7,046$6,136$5,333$2,765
14 years$8,478$7,338$6,331$5,447$4,675$2,280
15 years$7,831$6,703$5,716$4,858$4,116$1,886
16 years$7,266$6,150$5,182$4,350$3,638$1,564
17 years$6,767$5,664$4,716$3,908$3,225$1,299
18 years$6,325$5,234$4,305$3,522$2,868$1,082
19 years$5,929$4,851$3,941$3,182$2,556$902
20 years$5,574$4,507$3,617$2,882$2,283$752
21 years$5,253$4,199$3,327$2,616$2,043$629
22 years$4,961$3,919$3,066$2,378$1,832$526
23 years$4,695$3,666$2,831$2,166$1,644$440
24 years$4,452$3,434$2,618$1,976$1,478$368
25 years$4,228$3,223$2,425$1,804$1,330$308
26 years$4,022$3,029$2,249$1,650$1,198$258
27 years$3,832$2,851$2,088$1,510$1,080$217
28 years$3,655$2,686$1,941$1,383$974$182
29 years$3,491$2,534$1,807$1,269$880$152
30 years$3,338$2,393$1,683$1,164$795$128
31 years$3,196$2,262$1,569$1,069$719$107
32 years$3,062$2,141$1,464$983$650$90
33 years$2,937$2,027$1,367$904$588$75
34 years$2,819$1,921$1,277$831$533$63
35 years$2,709$1,822$1,194$765$483$53
36 years$2,605$1,730$1,117$705$437$45
37 years$2,506$1,643$1,045$650$396$37
38 years$2,413$1,561$979$599$359$31
39 years$2,325$1,485$917$552$326$26
40 years$2,242$1,412$860$509$295$22
41 years$2,163$1,345$806$470$268$19
42 years$2,088$1,281$756$434$243$16
43 years$2,017$1,220$710$400$221$13
44 years$1,949$1,163$666$370$200$11
45 years$1,884$1,109$625$341$182$9
46 years$1,822$1,058$587$315$165$8
47 years$1,763$1,010$552$291$150$7
48 years$1,707$964$519$269$136$5
49 years$1,653$920$487$249$124$5
50 years$1,601$879$458$230$112$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,640,000, adding $6,280 every year, while hoping to spend $30,687 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: 69/11/20 Blend
50$1,640,000$1,640,000$1,640,000$1,640,000
51$1,813,758$1,726,838$1,701,418$1,929,554
52$1,966,110$1,778,802$1,725,765$2,059,655
53$2,132,974$1,832,284$1,749,898$2,197,780
54$2,315,798$1,887,326$1,773,780$2,348,170
55$2,516,175$1,943,971$1,797,367$2,512,035
56$2,735,861$2,002,262$1,820,616$2,690,705
57$2,976,791$2,062,245$1,843,479$2,885,647
58$3,241,096$2,123,967$1,865,907$3,098,475
59$3,531,120$2,187,474$1,887,847$3,330,969
60$3,849,449$2,252,814$1,909,245$3,585,088
61$4,198,929$2,320,039$1,930,041$3,862,990
62$4,582,697$2,389,198$1,950,174$4,167,053
63$5,004,206$2,460,343$1,969,580$4,499,897
64$5,467,263$2,533,527$1,988,188$4,864,407
65$5,976,060$2,608,806$2,005,928$5,263,762
66$6,535,214$2,686,234$2,022,723$5,701,464
67$7,149,815$2,765,868$2,038,493$6,181,374
68$7,825,467$2,847,766$2,053,153$6,707,742
69$8,568,346$2,931,988$2,066,616$7,285,252
70$9,385,256$3,018,595$2,078,786$7,919,068
71$10,283,694$3,107,647$2,089,567$8,614,874
72$11,271,918$3,199,210$2,098,855$9,378,938
73$12,359,029$3,293,346$2,106,542$10,218,165
74$13,555,052$3,390,123$2,112,514$11,140,161
75$14,871,035$3,489,606$2,116,650$12,153,310
76$16,319,150$3,591,866$2,118,827$13,266,850
77$17,912,807$3,696,971$2,118,911$14,490,959
78$19,666,783$3,804,993$2,116,765$15,836,853
79$21,597,362$3,916,004$2,112,244$17,316,892
80$23,722,484$4,030,079$2,105,195$18,944,694
81$26,061,917$4,147,293$2,095,458$20,735,267
82$28,637,444$4,267,722$2,082,868$22,705,148
83$31,473,067$4,391,444$2,067,248$24,872,562
84$34,595,233$4,518,538$2,048,414$27,257,589
85$38,033,086$4,649,086$2,026,175$29,882,360
86$41,818,738$4,783,168$2,000,329$32,771,259
87$45,987,573$4,920,867$1,970,664$35,951,159
88$50,578,585$5,062,269$1,936,961$39,451,674
89$55,634,739$5,207,459$1,898,987$43,305,435
90$61,203,380$5,356,522$1,856,501$47,548,404
91$67,336,681$5,509,547$1,809,250$52,220,210
92$74,092,131$5,666,623$1,756,968$57,364,521
93$81,533,080$5,827,840$1,699,378$63,029,463
94$89,729,338$5,993,288$1,636,192$69,268,067
95$98,757,831$6,163,060$1,567,105$76,138,774
96$108,703,327$6,337,247$1,491,800$83,705,986
97$119,659,239$6,515,944$1,409,947$92,040,675
98$131,728,500$6,699,245$1,321,200$101,221,049
99$145,024,543$6,887,243$1,225,196$111,333,297
100$159,672,364$7,080,036$1,121,557$122,472,395