Can I retire at age 51 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$137,081$135,860$134,669$133,506$132,371$129,276
2 years$67,862$66,598$65,373$64,186$63,034$59,933
3 years$44,792$43,523$42,301$41,124$39,991$36,982
4 years$33,259$31,994$30,784$29,628$28,522$25,627
5 years$26,341$25,083$23,890$22,757$21,682$18,910
6 years$21,731$20,483$19,306$18,199$17,156$14,509
7 years$18,439$17,201$16,044$14,962$13,953$11,432
8 years$15,971$14,745$13,606$12,552$11,575$9,179
9 years$14,053$12,838$11,719$10,691$9,748$7,475
10 years$12,519$11,316$10,217$9,216$8,306$6,153
11 years$11,265$10,074$8,995$8,021$7,143$5,108
12 years$10,221$9,042$7,983$7,035$6,190$4,269
13 years$9,338$8,171$7,132$6,211$5,398$3,587
14 years$8,582$7,427$6,408$5,513$4,732$3,028
15 years$7,927$6,785$5,786$4,917$4,166$2,565
16 years$7,354$6,225$5,246$4,403$3,682$2,180
17 years$6,850$5,733$4,773$3,956$3,265$1,857
18 years$6,402$5,298$4,357$3,565$2,903$1,585
19 years$6,002$4,910$3,989$3,221$2,587$1,356
20 years$5,642$4,562$3,661$2,917$2,311$1,161
21 years$5,317$4,250$3,367$2,648$2,068$996
22 years$5,021$3,967$3,104$2,407$1,854$855
23 years$4,752$3,710$2,866$2,192$1,664$735
24 years$4,506$3,476$2,650$2,000$1,496$632
25 years$4,280$3,262$2,455$1,826$1,346$544
26 years$4,071$3,066$2,276$1,670$1,212$468
27 years$3,878$2,885$2,114$1,528$1,093$404
28 years$3,700$2,719$1,965$1,400$986$348
29 years$3,534$2,565$1,829$1,284$891$300
30 years$3,379$2,422$1,703$1,179$805$259
31 years$3,235$2,290$1,588$1,082$728$223
32 years$3,099$2,167$1,482$995$658$193
33 years$2,973$2,052$1,383$915$596$166
34 years$2,854$1,945$1,293$842$539$144
35 years$2,742$1,845$1,208$775$488$124
36 years$2,636$1,751$1,131$714$443$107
37 years$2,537$1,663$1,058$657$401$92
38 years$2,443$1,580$991$606$364$80
39 years$2,354$1,503$928$559$330$69
40 years$2,269$1,430$870$515$299$60
41 years$2,189$1,361$816$475$271$52
42 years$2,113$1,296$765$439$246$45
43 years$2,041$1,235$718$405$223$38
44 years$1,972$1,177$674$374$203$33
45 years$1,907$1,123$633$345$184$29
46 years$1,844$1,071$595$319$167$25
47 years$1,785$1,022$559$295$152$21
48 years$1,727$976$525$272$138$19
49 years$1,673$932$493$252$125$16
50 years$1,621$890$464$233$114$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,660,000, adding $6,414 every year, while hoping to spend $36,235 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: 35/37/28 Blend
50$1,660,000$1,660,000$1,660,000$1,660,000
51$1,835,936$1,747,956$1,722,226$1,884,514
52$1,984,648$1,795,052$1,741,367$1,968,546
53$2,147,314$1,843,241$1,759,934$2,055,440
54$2,325,319$1,892,539$1,777,871$2,148,500
55$2,520,188$1,942,961$1,795,117$2,248,304
56$2,733,601$1,994,520$1,811,607$2,355,485
57$2,967,408$2,047,231$1,827,276$2,470,744
58$3,223,645$2,101,106$1,842,050$2,594,850
59$3,504,555$2,156,158$1,855,857$2,728,652
60$3,812,609$2,212,400$1,868,618$2,873,086
61$4,150,528$2,269,840$1,880,249$3,029,180
62$4,521,309$2,328,490$1,890,665$3,198,069
63$4,928,254$2,388,357$1,899,774$3,381,005
64$5,374,999$2,449,450$1,907,480$3,579,364
65$5,865,550$2,511,774$1,913,681$3,794,666
66$6,404,320$2,575,335$1,918,273$4,028,583
67$6,996,169$2,640,135$1,921,145$4,282,959
68$7,646,454$2,706,177$1,922,178$4,559,828
69$8,361,072$2,773,460$1,921,251$4,861,429
70$9,146,525$2,841,982$1,918,236$5,190,231
71$10,009,971$2,911,740$1,912,997$5,548,955
72$10,959,299$2,982,726$1,905,394$5,940,601
73$12,003,200$3,054,933$1,895,278$6,368,475
74$13,151,250$3,128,348$1,882,493$6,836,220
75$14,413,999$3,202,958$1,866,878$7,347,854
76$15,803,069$3,278,746$1,848,261$7,907,803
77$17,331,268$3,355,690$1,826,463$8,520,948
78$19,012,707$3,433,768$1,801,299$9,192,668
79$20,862,932$3,512,952$1,772,572$9,928,892
80$22,899,074$3,593,210$1,740,076$10,736,156
81$25,140,009$3,674,506$1,703,598$11,621,665
82$27,606,534$3,756,801$1,662,912$12,593,360
83$30,321,565$3,840,049$1,617,785$13,659,994
84$33,310,353$3,924,200$1,567,969$14,831,216
85$36,600,721$4,009,197$1,513,207$16,117,662
86$40,223,327$4,094,980$1,453,232$17,531,054
87$44,211,953$4,181,481$1,387,762$19,084,315
88$48,603,823$4,268,624$1,316,502$20,791,688
89$53,439,954$4,356,328$1,239,147$22,668,873
90$58,765,545$4,444,503$1,155,374$24,733,177
91$64,630,399$4,533,053$1,064,847$27,003,673
92$71,089,398$4,621,871$967,218$29,501,387
93$78,203,016$4,710,842$862,119$32,249,494
94$86,037,891$4,799,841$749,168$35,273,536
95$94,667,456$4,888,733$627,965$38,601,670
96$104,172,629$4,977,373$498,094$42,264,928
97$114,642,575$5,065,602$359,118$46,297,514
98$126,175,553$5,153,251$210,583$50,737,130
99$138,879,836$5,240,138$52,015$55,625,329
100$152,874,739$5,326,064$0$61,007,910