Can I retire at age 51 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$138,733$137,497$136,291$135,115$133,966$128,854
2 years$68,680$67,401$66,161$64,959$63,793$58,703
3 years$45,332$44,047$42,810$41,620$40,473$35,565
4 years$33,660$32,379$31,155$29,985$28,866$24,177
5 years$26,659$25,386$24,178$23,031$21,943$17,486
6 years$21,993$20,729$19,539$18,418$17,363$13,141
7 years$18,661$17,408$16,237$15,143$14,121$10,132
8 years$16,164$14,922$13,770$12,703$11,714$7,955
9 years$14,222$12,993$11,860$10,820$9,865$6,330
10 years$12,670$11,452$10,340$9,327$8,406$5,088
11 years$11,401$10,195$9,103$8,117$7,229$4,121
12 years$10,344$9,151$8,079$7,120$6,265$3,359
13 years$9,450$8,270$7,218$6,286$5,463$2,751
14 years$8,685$7,517$6,485$5,580$4,789$2,262
15 years$8,022$6,867$5,855$4,976$4,216$1,865
16 years$7,443$6,300$5,309$4,456$3,726$1,542
17 years$6,932$5,802$4,831$4,003$3,304$1,278
18 years$6,479$5,361$4,410$3,608$2,938$1,060
19 years$6,074$4,969$4,037$3,260$2,619$881
20 years$5,710$4,617$3,705$2,953$2,339$733
21 years$5,381$4,301$3,408$2,680$2,093$611
22 years$5,082$4,015$3,141$2,436$1,876$509
23 years$4,810$3,755$2,900$2,219$1,684$425
24 years$4,560$3,518$2,682$2,024$1,514$354
25 years$4,331$3,302$2,484$1,848$1,362$296
26 years$4,120$3,103$2,304$1,690$1,227$247
27 years$3,925$2,920$2,139$1,547$1,106$206
28 years$3,744$2,752$1,989$1,417$998$173
29 years$3,576$2,596$1,851$1,300$901$144
30 years$3,420$2,452$1,724$1,193$814$121
31 years$3,274$2,318$1,607$1,095$736$101
32 years$3,137$2,193$1,500$1,007$666$84
33 years$3,009$2,077$1,400$926$603$71
34 years$2,888$1,968$1,308$852$546$59
35 years$2,775$1,867$1,223$784$494$49
36 years$2,668$1,772$1,144$722$448$41
37 years$2,567$1,683$1,071$665$406$35
38 years$2,472$1,599$1,003$613$368$29
39 years$2,382$1,521$940$565$334$24
40 years$2,297$1,447$881$522$303$20
41 years$2,216$1,377$826$481$275$17
42 years$2,139$1,312$775$444$249$14
43 years$2,066$1,250$727$410$226$12
44 years$1,996$1,191$682$379$205$10
45 years$1,930$1,136$641$350$186$8
46 years$1,866$1,084$602$323$169$7
47 years$1,806$1,034$565$298$154$6
48 years$1,748$987$531$276$140$5
49 years$1,693$943$499$255$127$4
50 years$1,640$901$469$235$115$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,680,000, adding $4,050 every year, while hoping to spend $35,776 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: 56/15/29 Blend
50$1,680,000$1,680,000$1,680,000$1,680,000
51$1,855,538$1,766,498$1,740,458$1,944,379
52$2,006,737$1,814,991$1,760,698$2,054,518
53$2,172,160$1,864,661$1,780,416$2,170,418
54$2,353,219$1,915,528$1,799,559$2,295,986
55$2,551,470$1,967,612$1,818,067$2,432,168
56$2,768,627$2,020,931$1,835,879$2,580,006
57$3,006,576$2,075,507$1,852,931$2,740,648
58$3,267,397$2,131,356$1,869,153$2,915,359
59$3,553,376$2,188,497$1,884,475$3,105,533
60$3,867,036$2,246,949$1,898,820$3,312,706
61$4,211,152$2,306,728$1,912,109$3,538,571
62$4,588,783$2,367,851$1,924,258$3,784,991
63$5,003,297$2,430,334$1,935,179$4,054,022
64$5,458,405$2,494,192$1,944,780$4,347,929
65$5,958,194$2,559,440$1,952,962$4,669,207
66$6,507,168$2,626,090$1,959,624$5,020,606
67$7,110,285$2,694,155$1,964,658$5,405,159
68$7,773,012$2,763,646$1,967,951$5,826,203
69$8,501,367$2,834,572$1,969,385$6,287,422
70$9,301,982$2,906,942$1,968,836$6,792,871
71$10,182,165$2,980,763$1,966,173$7,347,023
72$11,149,966$3,056,040$1,961,259$7,954,804
73$12,214,252$3,132,776$1,953,951$8,621,646
74$13,384,795$3,210,972$1,944,098$9,353,533
75$14,672,362$3,290,627$1,931,543$10,157,063
76$16,088,814$3,371,738$1,916,120$11,039,506
77$17,647,219$3,454,300$1,897,657$12,008,874
78$19,361,978$3,538,304$1,875,971$13,073,998
79$21,248,958$3,623,738$1,850,873$14,244,610
80$23,325,638$3,710,588$1,822,165$15,531,439
81$25,611,283$3,798,837$1,789,637$16,946,305
82$28,127,116$3,888,462$1,753,072$18,502,238
83$30,896,524$3,979,438$1,712,242$20,213,598
84$33,945,276$4,071,737$1,666,908$22,096,212
85$37,301,765$4,165,323$1,616,820$24,167,522
86$40,997,279$4,260,158$1,561,718$26,446,753
87$45,066,294$4,356,198$1,501,328$28,955,091
88$49,546,798$4,453,394$1,435,365$31,715,886
89$54,480,651$4,551,690$1,363,529$34,754,874
90$59,913,980$4,651,025$1,285,510$38,100,417
91$65,897,612$4,751,332$1,200,980$41,783,774
92$72,487,555$4,852,534$1,109,600$45,839,394
93$79,745,527$4,954,549$1,011,013$50,305,244
94$87,739,535$5,057,286$904,846$55,223,170
95$96,544,521$5,160,647$790,712$60,639,286
96$106,243,065$5,264,522$668,204$66,604,417
97$116,926,168$5,368,793$536,899$73,174,574
98$128,694,106$5,473,333$396,354$80,411,489
99$141,657,379$5,578,001$246,107$88,383,193
100$155,937,756$5,682,647$85,675$97,164,664