Can I retire at age 51 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$141,210$139,952$138,725$137,527$136,358$131,677
2 years$69,906$68,604$67,342$66,119$64,932$60,264
3 years$46,141$44,834$43,575$42,363$41,196$36,687
4 years$34,261$32,957$31,711$30,520$29,381$25,066
5 years$27,135$25,839$24,609$23,442$22,335$18,225
6 years$22,385$21,099$19,888$18,747$17,673$13,771
7 years$18,994$17,719$16,527$15,413$14,373$10,679
8 years$16,452$15,189$14,016$12,930$11,924$8,434
9 years$14,476$13,225$12,072$11,013$10,041$6,753
10 years$12,896$11,657$10,525$9,493$8,556$5,462
11 years$11,604$10,377$9,266$8,262$7,358$4,453
12 years$10,529$9,314$8,223$7,247$6,377$3,654
13 years$9,619$8,417$7,347$6,398$5,560$3,013
14 years$8,840$7,651$6,601$5,679$4,874$2,494
15 years$8,166$6,989$5,960$5,065$4,292$2,072
16 years$7,576$6,413$5,404$4,535$3,793$1,725
17 years$7,056$5,906$4,917$4,075$3,363$1,440
18 years$6,595$5,457$4,489$3,672$2,990$1,204
19 years$6,182$5,058$4,109$3,318$2,665$1,008
20 years$5,812$4,700$3,771$3,005$2,381$846
21 years$5,477$4,378$3,469$2,727$2,131$710
22 years$5,173$4,086$3,197$2,480$1,910$596
23 years$4,895$3,822$2,952$2,258$1,714$501
24 years$4,642$3,581$2,730$2,060$1,541$422
25 years$4,409$3,361$2,529$1,881$1,386$355
26 years$4,194$3,158$2,345$1,720$1,249$299
27 years$3,995$2,972$2,178$1,574$1,126$252
28 years$3,811$2,801$2,024$1,443$1,016$212
29 years$3,640$2,642$1,884$1,323$917$179
30 years$3,481$2,495$1,755$1,214$829$151
31 years$3,332$2,359$1,636$1,115$749$127
32 years$3,193$2,232$1,526$1,025$678$107
33 years$3,062$2,114$1,425$942$614$90
34 years$2,940$2,003$1,332$867$555$76
35 years$2,825$1,900$1,245$798$503$64
36 years$2,716$1,804$1,165$735$456$54
37 years$2,613$1,713$1,090$677$413$46
38 years$2,516$1,628$1,021$624$375$39
39 years$2,425$1,548$956$576$340$33
40 years$2,338$1,473$896$531$308$27
41 years$2,255$1,402$841$490$280$23
42 years$2,177$1,335$788$452$254$20
43 years$2,103$1,272$740$417$230$16
44 years$2,032$1,213$694$385$209$14
45 years$1,964$1,156$652$356$190$12
46 years$1,900$1,103$612$329$172$10
47 years$1,838$1,053$575$304$156$8
48 years$1,780$1,005$541$281$142$7
49 years$1,723$960$508$259$129$6
50 years$1,670$917$478$240$117$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,710,000, adding $3,188 every year, while hoping to spend $40,519 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: 33/46/21 Blend
50$1,710,000$1,710,000$1,710,000$1,710,000
51$1,887,708$1,797,078$1,770,573$1,937,715
52$2,037,143$1,842,023$1,786,776$2,020,196
53$2,200,461$1,887,813$1,802,163$2,105,109
54$2,379,038$1,934,445$1,816,665$2,195,788
55$2,574,384$1,981,917$1,830,207$2,292,766
56$2,788,165$2,030,225$1,842,713$2,396,628
57$3,022,214$2,079,362$1,854,100$2,508,022
58$3,278,551$2,129,322$1,864,283$2,627,659
59$3,559,398$2,180,093$1,873,172$2,756,324
60$3,867,204$2,231,665$1,880,671$2,894,881
61$4,204,666$2,284,024$1,886,680$3,044,282
62$4,574,754$2,337,153$1,891,096$3,205,576
63$4,980,739$2,391,034$1,893,808$3,379,922
64$5,426,224$2,445,644$1,894,700$3,568,594
65$5,915,179$2,500,961$1,893,652$3,772,996
66$6,451,974$2,556,955$1,890,537$3,994,679
67$7,041,426$2,613,596$1,885,221$4,235,350
68$7,688,840$2,670,851$1,877,564$4,496,891
69$8,400,060$2,728,680$1,867,420$4,781,377
70$9,181,523$2,787,043$1,854,635$5,091,097
71$10,040,321$2,845,891$1,839,049$5,428,572
72$10,984,270$2,905,176$1,820,493$5,796,583
73$12,021,976$2,964,839$1,798,790$6,198,195
74$13,162,923$3,024,822$1,773,755$6,636,787
75$14,417,560$3,085,057$1,745,195$7,116,085
76$15,797,398$3,145,473$1,712,906$7,640,198
77$17,315,122$3,205,990$1,676,677$8,213,653
78$18,984,704$3,266,523$1,636,286$8,841,443
79$20,821,542$3,326,981$1,591,500$9,529,073
80$22,842,601$3,387,264$1,542,076$10,282,612
81$25,066,571$3,447,265$1,487,760$11,108,750
82$27,514,047$3,506,867$1,428,287$12,014,863
83$30,207,723$3,565,947$1,363,377$13,009,083
84$33,172,602$3,624,369$1,292,742$14,100,377
85$36,436,235$3,681,991$1,216,076$15,298,626
86$40,028,979$3,738,657$1,133,063$16,614,730
87$43,984,285$3,794,201$1,043,370$18,060,699
88$48,339,011$3,848,446$946,653$19,649,777
89$53,133,772$3,901,201$842,547$21,396,564
90$58,413,320$3,952,263$730,676$23,317,154
91$64,226,969$4,001,415$610,643$25,429,291
92$70,629,058$4,048,422$482,038$27,752,534
93$77,679,465$4,093,037$344,429$30,308,444
94$85,444,170$4,134,996$197,367$33,120,792
95$93,995,878$4,174,014$40,382$36,215,779
96$103,414,708$4,209,791$0$39,622,289
97$113,788,943$4,242,005$0$43,400,653
98$125,215,866$4,270,315$0$47,568,985
99$137,802,680$4,294,356$0$52,157,037
100$151,667,516$4,313,741$0$57,207,580