Can I retire at age 51 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$140,384$139,134$137,914$136,723$135,560$133,096
2 years$69,497$68,203$66,949$65,732$64,553$62,078
3 years$45,871$44,571$43,320$42,115$40,955$38,548
4 years$34,061$32,765$31,526$30,342$29,209$26,888
5 years$26,976$25,688$24,465$23,305$22,204$19,976
6 years$22,255$20,976$19,772$18,637$17,570$15,436
7 years$18,883$17,616$16,430$15,323$14,289$12,251
8 years$16,356$15,100$13,934$12,854$11,854$9,912
9 years$14,392$13,147$12,002$10,949$9,983$8,135
10 years$12,821$11,589$10,463$9,438$8,506$6,750
11 years$11,537$10,317$9,212$8,214$7,315$5,650
12 years$10,467$9,260$8,175$7,205$6,339$4,762
13 years$9,563$8,368$7,304$6,361$5,528$4,036
14 years$8,788$7,606$6,563$5,646$4,846$3,437
15 years$8,118$6,949$5,925$5,035$4,267$2,938
16 years$7,532$6,375$5,372$4,509$3,771$2,520
17 years$7,015$5,871$4,888$4,051$3,343$2,167
18 years$6,556$5,425$4,462$3,651$2,973$1,867
19 years$6,146$5,028$4,085$3,299$2,650$1,613
20 years$5,778$4,672$3,749$2,988$2,367$1,395
21 years$5,445$4,352$3,448$2,712$2,118$1,208
22 years$5,142$4,063$3,178$2,465$1,899$1,048
23 years$4,867$3,800$2,935$2,245$1,704$910
24 years$4,615$3,560$2,714$2,048$1,532$790
25 years$4,383$3,341$2,514$1,870$1,378$687
26 years$4,169$3,140$2,331$1,710$1,242$598
27 years$3,972$2,955$2,165$1,565$1,119$521
28 years$3,789$2,784$2,013$1,434$1,010$454
29 years$3,619$2,627$1,873$1,315$912$395
30 years$3,460$2,481$1,744$1,207$824$345
31 years$3,313$2,345$1,626$1,108$745$301
32 years$3,174$2,219$1,517$1,019$674$262
33 years$3,044$2,101$1,417$937$610$229
34 years$2,923$1,992$1,324$862$552$200
35 years$2,808$1,889$1,238$793$500$174
36 years$2,700$1,793$1,158$731$453$152
37 years$2,598$1,703$1,084$673$411$133
38 years$2,502$1,618$1,015$621$372$116
39 years$2,411$1,539$951$572$338$101
40 years$2,324$1,464$891$528$306$89
41 years$2,242$1,394$836$487$278$77
42 years$2,164$1,327$784$449$252$68
43 years$2,090$1,265$736$415$229$59
44 years$2,020$1,206$690$383$208$52
45 years$1,953$1,150$648$354$189$45
46 years$1,889$1,097$609$327$171$39
47 years$1,828$1,047$572$302$155$34
48 years$1,769$999$538$279$141$30
49 years$1,713$954$505$258$128$26
50 years$1,660$911$475$238$116$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,700,000, adding $4,260 every year, while hoping to spend $49,566 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: 79/11/10 Blend
50$1,700,000$1,700,000$1,700,000$1,700,000
51$1,877,794$1,787,694$1,761,344$2,022,695
52$2,016,591$1,822,553$1,767,611$2,153,302
53$2,167,885$1,857,459$1,772,427$2,289,688
54$2,332,896$1,892,362$1,775,691$2,437,862
55$2,512,971$1,927,208$1,777,296$2,598,977
56$2,709,591$1,961,938$1,777,132$2,774,303
57$2,924,385$1,996,488$1,775,082$2,965,242
58$3,159,149$2,030,792$1,771,024$3,173,334
59$3,415,857$2,064,776$1,764,828$3,400,279
60$3,696,685$2,098,361$1,756,361$3,647,947
61$4,004,029$2,131,463$1,745,481$3,918,400
62$4,340,526$2,163,990$1,732,040$4,213,907
63$4,709,080$2,195,846$1,715,884$4,536,972
64$5,112,890$2,226,927$1,696,850$4,890,348
65$5,555,478$2,257,120$1,674,768$5,277,074
66$6,040,724$2,286,306$1,649,460$5,700,494
67$6,572,901$2,314,358$1,620,740$6,164,294
68$7,156,714$2,341,139$1,588,412$6,672,536
69$7,797,348$2,366,504$1,552,273$7,229,695
70$8,500,512$2,390,297$1,512,109$7,840,701
71$9,272,496$2,412,353$1,467,695$8,510,989
72$10,120,227$2,432,495$1,418,800$9,246,545
73$11,051,338$2,450,534$1,365,177$10,053,967
74$12,074,236$2,466,272$1,306,572$10,940,525
75$13,198,182$2,479,494$1,242,717$11,914,230
76$14,433,381$2,489,974$1,173,332$12,983,911
77$15,791,074$2,497,470$1,098,126$14,159,295
78$17,283,643$2,501,726$1,016,794$15,451,105
79$18,924,735$2,502,470$929,016$16,871,152
80$20,729,379$2,499,413$834,459$18,432,457
81$22,714,138$2,492,247$732,776$20,149,367
82$24,897,260$2,480,646$623,604$22,037,691
83$27,298,847$2,464,264$506,561$24,114,855
84$29,941,051$2,442,735$381,253$26,400,058
85$32,848,279$2,415,669$247,265$28,914,462
86$36,047,420$2,382,655$104,166$31,681,385
87$39,568,106$2,343,253$0$34,726,525
88$43,442,983$2,297,003$0$38,083,383
89$47,708,023$2,243,412$0$41,790,187
90$52,402,865$2,181,962$0$45,870,258
91$57,571,181$2,112,103$0$50,361,554
92$63,261,098$2,033,252$0$55,305,905
93$69,525,642$1,944,793$0$60,749,404
94$76,423,244$1,846,075$0$66,742,845
95$84,018,291$1,736,409$0$73,342,201
96$92,381,729$1,615,065$0$80,609,152
97$101,591,735$1,481,273$0$88,611,669
98$111,734,454$1,334,217$0$97,424,655
99$122,904,812$1,173,038$0$107,130,650
100$135,207,410$996,823$0$117,820,612