Can I retire at age 51 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$143,688$142,408$141,159$139,940$138,750$136,395
2 years$71,132$69,808$68,524$67,279$66,071$63,706
3 years$46,951$45,620$44,339$43,106$41,918$39,617
4 years$34,862$33,536$32,268$31,056$29,897$27,676
5 years$27,611$26,292$25,041$23,854$22,727$20,594
6 years$22,778$21,470$20,237$19,076$17,983$15,939
7 years$19,328$18,030$16,817$15,683$14,625$12,672
8 years$16,741$15,455$14,262$13,156$12,133$10,270
9 years$14,730$13,457$12,284$11,206$10,218$8,443
10 years$13,122$11,861$10,709$9,660$8,706$7,019
11 years$11,808$10,559$9,428$8,407$7,487$5,886
12 years$10,713$9,478$8,367$7,374$6,488$4,971
13 years$9,788$8,565$7,476$6,510$5,658$4,222
14 years$8,995$7,785$6,717$5,779$4,960$3,602
15 years$8,309$7,112$6,065$5,154$4,367$3,086
16 years$7,709$6,525$5,498$4,615$3,860$2,652
17 years$7,180$6,009$5,003$4,146$3,422$2,285
18 years$6,711$5,553$4,567$3,737$3,043$1,974
19 years$6,291$5,146$4,181$3,376$2,712$1,708
20 years$5,914$4,782$3,837$3,058$2,423$1,481
21 years$5,573$4,455$3,530$2,775$2,168$1,286
22 years$5,263$4,158$3,253$2,523$1,943$1,118
23 years$4,981$3,889$3,004$2,298$1,744$972
24 years$4,723$3,644$2,778$2,096$1,568$847
25 years$4,486$3,419$2,573$1,914$1,411$738
26 years$4,267$3,214$2,386$1,750$1,271$644
27 years$4,065$3,025$2,216$1,602$1,146$562
28 years$3,878$2,850$2,060$1,468$1,034$491
29 years$3,704$2,689$1,917$1,346$934$429
30 years$3,542$2,539$1,786$1,235$843$375
31 years$3,391$2,400$1,665$1,135$763$328
32 years$3,249$2,271$1,553$1,043$690$287
33 years$3,116$2,151$1,450$959$624$251
34 years$2,991$2,039$1,355$882$565$219
35 years$2,874$1,934$1,267$812$512$192
36 years$2,764$1,835$1,185$748$464$168
37 years$2,659$1,743$1,109$689$420$147
38 years$2,561$1,656$1,039$635$381$129
39 years$2,467$1,575$973$586$346$113
40 years$2,379$1,499$912$540$313$99
41 years$2,295$1,427$855$498$284$87
42 years$2,215$1,359$802$460$258$76
43 years$2,139$1,294$753$425$234$66
44 years$2,067$1,234$707$392$213$58
45 years$1,999$1,177$664$362$193$51
46 years$1,933$1,122$623$334$175$45
47 years$1,871$1,071$585$309$159$39
48 years$1,811$1,023$550$286$145$34
49 years$1,754$977$517$264$131$30
50 years$1,699$933$486$244$119$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,740,000, adding $3,066 every year, while hoping to spend $20,740 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: 51/40/9 Blend
50$1,740,000$1,740,000$1,740,000$1,740,000
51$1,920,643$1,828,423$1,801,453$2,013,972
52$2,094,481$1,895,948$1,839,734$2,145,450
53$2,285,356$1,966,087$1,878,603$2,285,823
54$2,494,983$2,038,946$1,918,057$2,437,932
55$2,725,252$2,114,636$1,958,093$2,602,887
56$2,978,246$2,193,271$1,998,707$2,781,904
57$3,256,258$2,274,972$2,039,895$2,976,325
58$3,561,816$2,359,866$2,081,651$3,187,620
59$3,897,703$2,448,081$2,123,968$3,417,409
60$4,266,988$2,539,756$2,166,840$3,667,473
61$4,673,048$2,635,032$2,210,257$3,939,770
62$5,119,608$2,734,057$2,254,209$4,236,454
63$5,610,769$2,836,987$2,298,686$4,559,893
64$6,151,051$2,943,982$2,343,675$4,912,695
65$6,745,432$3,055,212$2,389,163$5,297,728
66$7,399,401$3,170,852$2,435,134$5,718,147
67$8,119,001$3,291,085$2,481,573$6,177,426
68$8,910,894$3,416,102$2,528,460$6,679,387
69$9,782,417$3,546,104$2,575,776$7,228,236
70$10,741,659$3,681,298$2,623,499$7,828,603
71$11,797,528$3,821,902$2,671,607$8,485,585
72$12,959,843$3,968,142$2,720,073$9,204,794
73$14,239,422$4,120,256$2,768,870$9,992,405
74$15,648,184$4,278,490$2,817,968$10,855,219
75$17,199,265$4,443,102$2,867,336$11,800,723
76$18,907,138$4,614,361$2,916,940$12,837,162
77$20,787,750$4,792,549$2,966,741$13,973,613
78$22,858,676$4,977,959$3,016,702$15,220,072
79$25,139,279$5,170,897$3,066,780$16,587,547
80$27,650,897$5,371,683$3,116,929$18,088,162
81$30,417,044$5,580,652$3,167,102$19,735,265
82$33,463,630$5,798,150$3,217,247$21,543,561
83$36,819,204$6,024,544$3,267,309$23,529,244
84$40,515,229$6,260,213$3,317,230$25,710,150
85$44,586,374$6,505,555$3,366,948$28,105,924
86$49,070,841$6,760,983$3,416,398$30,738,206
87$54,010,728$7,026,933$3,465,508$33,630,831
88$59,452,425$7,303,856$3,514,206$36,810,054
89$65,447,053$7,592,225$3,562,412$40,304,796
90$72,050,942$7,892,534$3,610,043$44,146,918
91$79,326,170$8,205,300$3,657,011$48,371,515
92$87,341,140$8,531,061$3,703,222$53,017,251
93$96,171,235$8,870,381$3,748,578$58,126,717
94$105,899,520$9,223,848$3,792,974$63,746,837
95$116,617,532$9,592,079$3,836,301$69,929,305
96$128,426,144$9,975,714$3,878,441$76,731,071
97$141,436,514$10,375,427$3,919,271$84,214,880
98$155,771,135$10,791,920$3,958,664$92,449,857
99$171,564,993$11,225,926$3,996,480$101,512,163
100$188,966,837$11,678,211$4,032,578$111,485,708