Can I retire at age 51 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$136,255$135,042$133,858$132,702$131,573$130,689
2 years$67,453$66,197$64,979$63,799$62,654$61,762
3 years$44,522$43,260$42,046$40,877$39,750$38,879
4 years$33,059$31,801$30,599$29,449$28,350$27,506
5 years$26,183$24,932$23,746$22,620$21,551$20,736
6 years$21,600$20,359$19,190$18,089$17,053$16,268
7 years$18,328$17,098$15,947$14,872$13,869$13,114
8 years$15,875$14,656$13,524$12,476$11,505$10,782
9 years$13,968$12,761$11,649$10,627$9,689$8,996
10 years$12,444$11,248$10,156$9,160$8,256$7,593
11 years$11,197$10,013$8,941$7,972$7,100$6,467
12 years$10,159$8,987$7,935$6,993$6,153$5,549
13 years$9,281$8,122$7,089$6,174$5,365$4,790
14 years$8,530$7,383$6,370$5,480$4,703$4,155
15 years$7,879$6,744$5,751$4,887$4,141$3,620
16 years$7,310$6,188$5,214$4,376$3,660$3,165
17 years$6,809$5,699$4,745$3,932$3,245$2,776
18 years$6,363$5,266$4,331$3,543$2,885$2,441
19 years$5,966$4,880$3,965$3,202$2,572$2,151
20 years$5,608$4,535$3,639$2,900$2,297$1,900
21 years$5,285$4,224$3,347$2,632$2,056$1,680
22 years$4,991$3,943$3,085$2,393$1,843$1,489
23 years$4,724$3,688$2,848$2,179$1,654$1,320
24 years$4,479$3,455$2,634$1,988$1,487$1,172
25 years$4,254$3,243$2,440$1,815$1,338$1,042
26 years$4,047$3,048$2,263$1,660$1,205$927
27 years$3,855$2,868$2,101$1,519$1,086$826
28 years$3,677$2,703$1,953$1,392$980$736
29 years$3,512$2,550$1,818$1,276$885$656
30 years$3,359$2,408$1,693$1,171$800$585
31 years$3,215$2,276$1,578$1,076$723$522
32 years$3,081$2,154$1,473$989$654$466
33 years$2,955$2,040$1,375$909$592$416
34 years$2,837$1,933$1,285$837$536$372
35 years$2,725$1,834$1,201$770$485$333
36 years$2,621$1,740$1,124$709$440$297
37 years$2,522$1,653$1,052$653$399$266
38 years$2,428$1,571$985$602$361$238
39 years$2,340$1,494$923$555$328$213
40 years$2,256$1,421$865$512$297$190
41 years$2,176$1,353$811$473$270$170
42 years$2,101$1,288$761$436$245$152
43 years$2,029$1,228$714$403$222$136
44 years$1,960$1,170$670$372$202$122
45 years$1,895$1,116$629$343$183$109
46 years$1,833$1,064$591$317$166$98
47 years$1,774$1,016$555$293$151$88
48 years$1,717$970$522$271$137$79
49 years$1,663$926$490$250$124$70
50 years$1,611$885$461$231$113$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,650,000, adding $2,002 every year, while hoping to spend $25,756 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: 55/40/5 Blend
50$1,650,000$1,650,000$1,650,000$1,650,000
51$1,820,365$1,732,915$1,707,340$1,918,521
52$1,978,638$1,790,424$1,737,132$2,042,401
53$2,152,192$1,849,887$1,767,058$2,174,156
54$2,342,558$1,911,374$1,797,097$2,316,958
55$2,551,422$1,974,955$1,827,223$2,471,857
56$2,780,643$2,040,704$1,857,412$2,640,009
57$3,032,268$2,108,697$1,887,634$2,822,687
58$3,308,550$2,179,014$1,917,861$3,021,286
59$3,611,974$2,251,737$1,948,060$3,237,347
60$3,945,274$2,326,951$1,978,199$3,472,560
61$4,311,464$2,404,744$2,008,241$3,728,788
62$4,713,865$2,485,208$2,038,148$4,008,079
63$5,156,133$2,568,437$2,067,880$4,312,689
64$5,642,298$2,654,530$2,097,394$4,645,097
65$6,176,800$2,743,590$2,126,644$5,008,037
66$6,764,529$2,835,721$2,155,582$5,404,513
67$7,410,874$2,931,035$2,184,157$5,837,836
68$8,121,772$3,029,644$2,212,315$6,311,649
69$8,903,763$3,131,667$2,239,998$6,829,963
70$9,764,055$3,237,226$2,267,146$7,397,194
71$10,710,588$3,346,450$2,293,695$8,018,207
72$11,752,111$3,459,469$2,319,577$8,698,355
73$12,898,265$3,576,421$2,344,721$9,443,535
74$14,159,670$3,697,448$2,369,051$10,260,241
75$15,548,031$3,822,698$2,392,489$11,155,625
76$17,076,243$3,952,323$2,414,950$12,137,562
77$18,758,516$4,086,483$2,436,347$13,214,727
78$20,610,506$4,225,342$2,456,586$14,396,674
79$22,649,465$4,369,071$2,475,570$15,693,927
80$24,894,404$4,517,850$2,493,195$17,118,077
81$27,366,270$4,671,861$2,509,354$18,681,892
82$30,088,144$4,831,296$2,523,931$20,399,437
83$33,085,461$4,996,356$2,536,809$22,286,204
84$36,386,246$5,167,245$2,547,860$24,359,261
85$40,021,382$5,344,179$2,556,953$26,637,408
86$44,024,900$5,527,381$2,563,947$29,141,359
87$48,434,299$5,717,082$2,568,699$31,893,932
88$53,290,900$5,913,522$2,571,053$34,920,264
89$58,640,239$6,116,951$2,570,850$38,248,050
90$64,532,490$6,327,629$2,567,921$41,907,803
91$71,022,946$6,545,825$2,562,088$45,933,139
92$78,172,535$6,771,819$2,553,167$50,361,095
93$86,048,398$7,005,902$2,540,962$55,232,477
94$94,724,519$7,248,376$2,525,269$60,592,244
95$104,282,430$7,499,556$2,505,875$66,489,932
96$114,811,971$7,759,768$2,482,555$72,980,120
97$126,412,147$8,029,351$2,455,076$80,122,946
98$139,192,056$8,308,659$2,423,190$87,984,668
99$153,271,920$8,598,058$2,386,642$96,638,295
100$168,784,222$8,897,929$2,345,160$106,164,270