Can I retire at age 51 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$142,036$140,771$139,536$138,332$137,155$133,407
2 years$70,315$69,005$67,736$66,506$65,312$61,563
3 years$46,411$45,096$43,830$42,611$41,437$37,804
4 years$34,461$33,150$31,897$30,699$29,553$26,065
5 years$27,293$25,990$24,753$23,580$22,466$19,132
6 years$22,516$21,223$20,004$18,857$17,776$14,600
7 years$19,106$17,823$16,624$15,503$14,457$11,438
8 years$16,549$15,278$14,098$13,005$11,993$9,130
9 years$14,561$13,302$12,143$11,078$10,100$7,390
10 years$12,972$11,725$10,586$9,549$8,606$6,046
11 years$11,672$10,438$9,320$8,310$7,401$4,987
12 years$10,590$9,369$8,271$7,289$6,414$4,141
13 years$9,675$8,466$7,390$6,435$5,593$3,456
14 years$8,892$7,696$6,640$5,713$4,903$2,897
15 years$8,213$7,030$5,995$5,095$4,317$2,437
16 years$7,620$6,450$5,435$4,562$3,815$2,056
17 years$7,098$5,940$4,946$4,099$3,383$1,739
18 years$6,633$5,489$4,515$3,694$3,008$1,474
19 years$6,219$5,087$4,133$3,338$2,681$1,251
20 years$5,846$4,727$3,793$3,023$2,395$1,063
21 years$5,509$4,403$3,489$2,743$2,143$905
22 years$5,203$4,110$3,216$2,494$1,921$771
23 years$4,924$3,844$2,969$2,272$1,724$658
24 years$4,669$3,602$2,746$2,072$1,550$561
25 years$4,434$3,380$2,543$1,892$1,395$479
26 years$4,218$3,177$2,359$1,730$1,256$409
27 years$4,019$2,990$2,190$1,584$1,133$350
28 years$3,834$2,817$2,036$1,451$1,022$299
29 years$3,661$2,658$1,895$1,331$923$256
30 years$3,501$2,510$1,765$1,221$834$219
31 years$3,352$2,373$1,645$1,121$754$187
32 years$3,212$2,245$1,535$1,031$682$160
33 years$3,080$2,126$1,433$948$617$137
34 years$2,957$2,015$1,339$872$559$117
35 years$2,841$1,911$1,252$803$506$101
36 years$2,732$1,814$1,171$739$459$86
37 years$2,629$1,723$1,096$681$416$74
38 years$2,531$1,637$1,027$628$377$63
39 years$2,439$1,557$962$579$342$54
40 years$2,352$1,481$902$534$310$46
41 years$2,269$1,410$845$493$281$40
42 years$2,190$1,343$793$455$255$34
43 years$2,115$1,280$744$420$232$29
44 years$2,044$1,220$699$388$210$25
45 years$1,976$1,163$656$358$191$21
46 years$1,911$1,110$616$331$173$18
47 years$1,849$1,059$579$305$157$16
48 years$1,790$1,011$544$282$143$13
49 years$1,733$965$511$261$130$12
50 years$1,679$922$481$241$118$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,720,000, adding $2,587 every year, while hoping to spend $45,649 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: 48/24/28 Blend
50$1,720,000$1,720,000$1,720,000$1,720,000
51$1,898,108$1,806,948$1,780,288$1,973,934
52$2,043,145$1,846,919$1,791,358$2,067,510
53$2,201,446$1,887,318$1,801,268$2,164,391
54$2,374,315$1,928,118$1,809,933$2,268,722
55$2,563,189$1,969,290$1,817,259$2,381,228
56$2,769,649$2,010,799$1,823,152$2,502,711
57$2,995,436$2,052,611$1,827,510$2,634,052
58$3,242,467$2,094,685$1,830,228$2,776,226
59$3,512,851$2,136,978$1,831,194$2,930,305
60$3,808,915$2,179,442$1,830,291$3,097,473
61$4,133,215$2,222,026$1,827,397$3,279,036
62$4,488,572$2,264,675$1,822,384$3,476,434
63$4,878,089$2,307,326$1,815,116$3,691,254
64$5,305,185$2,349,916$1,805,453$3,925,247
65$5,773,624$2,392,372$1,793,247$4,180,345
66$6,287,555$2,434,620$1,778,342$4,458,678
67$6,851,545$2,476,575$1,760,575$4,762,593
68$7,470,626$2,518,151$1,739,778$5,094,681
69$8,150,340$2,559,250$1,715,770$5,457,799
70$8,896,792$2,599,771$1,688,367$5,855,095
71$9,716,709$2,639,604$1,657,371$6,290,045
72$10,617,500$2,678,631$1,622,579$6,766,478
73$11,607,326$2,716,725$1,583,777$7,288,618
74$12,695,180$2,753,752$1,540,740$7,861,122
75$13,890,968$2,789,565$1,493,235$8,489,128
76$15,205,605$2,824,011$1,441,016$9,178,298
77$16,651,113$2,856,925$1,383,826$9,934,877
78$18,240,742$2,888,129$1,321,399$10,765,750
79$19,989,085$2,917,435$1,253,454$11,678,511
80$21,912,225$2,944,643$1,179,699$12,681,529
81$24,027,880$2,969,538$1,099,826$13,784,035
82$26,355,570$2,991,892$1,013,517$14,996,205
83$28,916,805$3,011,462$920,436$16,329,260
84$31,735,285$3,027,989$820,237$17,795,569
85$34,837,122$3,041,199$712,553$19,408,770
86$38,251,089$3,050,798$597,004$21,183,899
87$42,008,889$3,056,476$473,192$23,137,534
88$46,145,454$3,057,902$340,703$25,287,948
89$50,699,277$3,054,725$199,102$27,655,289
90$55,712,769$3,046,572$47,938$30,261,768
91$61,232,666$3,033,049$0$33,131,868
92$67,310,463$3,013,734$0$36,326,456
93$74,002,907$2,988,183$0$39,858,898
94$81,372,522$2,955,923$0$43,747,812
95$89,488,211$2,916,454$0$48,029,515
96$98,425,893$2,869,246$0$52,744,033
97$108,269,231$2,813,735$0$57,935,477
98$119,110,412$2,749,328$0$63,652,458
99$131,051,021$2,675,392$0$69,948,552
100$144,203,000$2,591,261$0$76,882,800