Can I retire at age 51 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$147,817$146,500$145,215$143,961$142,737$142,016
2 years$73,176$71,814$70,493$69,212$67,970$67,243
3 years$48,300$46,931$45,614$44,345$43,123$42,411
4 years$35,864$34,499$33,195$31,948$30,756$30,065
5 years$28,404$27,048$25,761$24,539$23,380$22,713
6 years$23,433$22,087$20,818$19,624$18,500$17,857
7 years$19,883$18,548$17,300$16,134$15,045$14,427
8 years$17,222$15,899$14,672$13,534$12,482$11,888
9 years$15,153$13,843$12,637$11,528$10,511$9,942
10 years$13,500$12,202$11,017$9,938$8,956$8,411
11 years$12,147$10,863$9,699$8,649$7,703$7,182
12 years$11,021$9,750$8,608$7,586$6,675$6,177
13 years$10,069$8,811$7,691$6,697$5,821$5,346
14 years$9,254$8,009$6,910$5,945$5,102$4,650
15 years$8,548$7,316$6,239$5,302$4,492$4,062
16 years$7,930$6,713$5,656$4,747$3,970$3,561
17 years$7,386$6,182$5,147$4,265$3,520$3,132
18 years$6,903$5,713$4,699$3,844$3,130$2,762
19 years$6,472$5,294$4,301$3,473$2,790$2,441
20 years$6,084$4,920$3,948$3,146$2,492$2,162
21 years$5,733$4,583$3,631$2,855$2,230$1,918
22 years$5,415$4,278$3,347$2,596$1,999$1,704
23 years$5,125$4,001$3,090$2,364$1,794$1,516
24 years$4,859$3,748$2,858$2,156$1,613$1,350
25 years$4,615$3,518$2,647$1,969$1,451$1,204
26 years$4,390$3,306$2,455$1,801$1,307$1,075
27 years$4,182$3,111$2,279$1,648$1,179$960
28 years$3,990$2,932$2,119$1,510$1,064$858
29 years$3,810$2,766$1,972$1,385$960$767
30 years$3,644$2,612$1,837$1,271$868$687
31 years$3,488$2,469$1,712$1,167$785$615
32 years$3,342$2,336$1,598$1,073$710$551
33 years$3,206$2,213$1,492$986$642$494
34 years$3,077$2,097$1,394$908$581$442
35 years$2,957$1,989$1,303$835$527$397
36 years$2,843$1,888$1,219$769$477$356
37 years$2,736$1,793$1,141$709$432$319
38 years$2,634$1,704$1,069$653$392$287
39 years$2,538$1,620$1,001$602$356$257
40 years$2,447$1,542$938$556$323$231
41 years$2,361$1,468$880$513$293$207
42 years$2,279$1,398$825$473$265$186
43 years$2,201$1,332$774$437$241$167
44 years$2,127$1,269$727$403$219$150
45 years$2,056$1,210$683$372$199$135
46 years$1,989$1,155$641$344$180$121
47 years$1,924$1,102$602$318$164$109
48 years$1,863$1,052$566$294$149$98
49 years$1,804$1,005$532$271$135$88
50 years$1,748$960$500$251$123$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,790,000, adding $3,908 every year, while hoping to spend $56,001 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: 21/50/29 Blend
50$1,790,000$1,790,000$1,790,000$1,790,000
51$1,976,611$1,881,741$1,853,996$1,999,847
52$2,118,641$1,914,362$1,856,520$2,054,121
53$2,273,281$1,946,704$1,857,252$2,107,195
54$2,441,758$1,978,695$1,856,073$2,162,717
55$2,625,422$2,010,256$1,852,856$2,220,922
56$2,825,761$2,041,304$1,847,473$2,282,070
57$3,044,409$2,071,749$1,839,784$2,346,451
58$3,283,168$2,101,493$1,829,645$2,414,389
59$3,544,019$2,130,435$1,816,906$2,486,243
60$3,829,145$2,158,462$1,801,409$2,562,412
61$4,140,948$2,185,457$1,782,987$2,643,341
62$4,482,075$2,211,294$1,761,466$2,729,524
63$4,855,436$2,235,838$1,736,665$2,821,509
64$5,264,241$2,258,944$1,708,394$2,919,907
65$5,712,020$2,280,459$1,676,452$3,025,395
66$6,202,664$2,300,219$1,640,631$3,138,724
67$6,740,456$2,318,050$1,600,712$3,260,730
68$7,330,114$2,333,766$1,556,468$3,392,337
69$7,976,835$2,347,170$1,507,658$3,534,574
70$8,686,341$2,358,050$1,454,034$3,688,579
71$9,464,936$2,366,183$1,395,333$3,855,617
72$10,319,565$2,371,332$1,331,282$4,037,086
73$11,257,876$2,373,242$1,261,595$4,234,540
74$12,288,295$2,371,646$1,185,973$4,449,698
75$13,420,103$2,366,259$1,104,106$4,684,465
76$14,663,525$2,356,777$1,015,665$4,940,951
77$16,029,825$2,342,880$920,310$5,221,492
78$17,531,413$2,324,226$817,686$5,528,674
79$19,181,958$2,300,455$707,419$5,865,360
80$20,996,523$2,271,182$589,123$6,234,719
81$22,991,700$2,236,002$462,391$6,640,257
82$25,185,772$2,194,485$326,800$7,085,851
83$27,598,881$2,146,174$181,907$7,575,792
84$30,253,217$2,090,587$27,251$8,114,823
85$33,173,232$2,027,213$0$8,708,192
86$36,385,865$1,955,510$0$9,404,336
87$39,920,800$1,874,906$0$10,178,798
88$43,810,740$1,784,795$0$11,030,389
89$48,091,722$1,684,537$0$11,967,109
90$52,803,451$1,573,452$0$12,997,790
91$57,989,677$1,450,826$0$14,132,180
92$63,698,607$1,315,899$0$15,381,036
93$69,983,358$1,167,871$0$16,756,229
94$76,902,460$1,005,896$0$18,270,857
95$84,520,405$829,080$0$19,939,377
96$92,908,259$636,477$0$21,777,735
97$102,144,327$427,089$0$23,803,529
98$112,314,895$199,864$0$26,036,173
99$123,515,045$0$0$28,497,084
100$135,849,547$0$0$31,235,372