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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$82,579$81,843$81,126$80,425$79,741$78,745
2 years$40,881$40,119$39,381$38,666$37,972$36,969
3 years$26,983$26,218$25,482$24,774$24,091$23,113
4 years$20,036$19,273$18,545$17,848$17,182$16,237
5 years$15,868$15,111$14,391$13,709$13,061$12,151
6 years$13,091$12,339$11,630$10,963$10,335$9,461
7 years$11,108$10,362$9,665$9,013$8,405$7,568
8 years$9,621$8,882$8,197$7,561$6,973$6,173
9 years$8,466$7,734$7,060$6,440$5,872$5,108
10 years$7,542$6,817$6,155$5,552$5,003$4,275
11 years$6,786$6,069$5,419$4,832$4,303$3,610
12 years$6,157$5,447$4,809$4,238$3,729$3,070
13 years$5,625$4,922$4,296$3,742$3,252$2,626
14 years$5,170$4,474$3,860$3,321$2,850$2,257
15 years$4,775$4,087$3,485$2,962$2,510$1,948
16 years$4,430$3,750$3,160$2,652$2,218$1,687
17 years$4,126$3,454$2,875$2,383$1,967$1,465
18 years$3,857$3,191$2,625$2,148$1,749$1,276
19 years$3,615$2,958$2,403$1,940$1,559$1,113
20 years$3,399$2,748$2,205$1,757$1,392$973
21 years$3,203$2,560$2,029$1,595$1,246$852
22 years$3,025$2,390$1,870$1,450$1,117$746
23 years$2,863$2,235$1,726$1,321$1,002$655
24 years$2,714$2,094$1,596$1,205$901$575
25 years$2,578$1,965$1,479$1,100$811$506
26 years$2,453$1,847$1,371$1,006$730$445
27 years$2,336$1,738$1,273$921$658$392
28 years$2,229$1,638$1,184$844$594$345
29 years$2,129$1,545$1,102$774$537$305
30 years$2,036$1,459$1,026$710$485$269
31 years$1,949$1,380$957$652$438$237
32 years$1,867$1,305$893$599$396$209
33 years$1,791$1,236$833$551$359$185
34 years$1,719$1,172$779$507$325$163
35 years$1,652$1,111$728$467$294$144
36 years$1,588$1,055$681$430$267$127
37 years$1,528$1,002$637$396$242$112
38 years$1,472$952$597$365$219$99
39 years$1,418$905$559$337$199$88
40 years$1,367$861$524$310$180$78
41 years$1,319$820$492$286$163$69
42 years$1,273$781$461$264$148$61
43 years$1,230$744$433$244$135$54
44 years$1,188$709$406$225$122$48
45 years$1,149$676$381$208$111$42
46 years$1,111$645$358$192$101$37
47 years$1,075$616$336$178$91$33
48 years$1,041$588$316$164$83$29
49 years$1,008$561$297$152$75$26
50 years$976$536$279$140$69$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,000,000, adding $6,945 every year, while hoping to spend $48,438 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: 68/7/25 Blend
50$1,000,000$1,000,000$1,000,000$1,000,000
51$1,109,164$1,056,164$1,040,664$1,177,017
52$1,170,761$1,056,378$1,023,988$1,223,647
53$1,237,017$1,054,980$1,005,131$1,268,454
54$1,308,357$1,051,838$983,967$1,316,350
55$1,385,247$1,046,815$960,367$1,367,642
56$1,468,197$1,039,764$934,195$1,422,666
57$1,557,771$1,030,530$905,307$1,481,797
58$1,654,585$1,018,948$873,557$1,545,445
59$1,759,319$1,004,842$838,787$1,614,068
60$1,872,719$988,029$800,836$1,688,168
61$1,995,605$968,311$759,532$1,768,303
62$2,128,879$945,480$714,699$1,855,088
63$2,273,533$919,317$666,150$1,949,200
64$2,430,658$889,589$613,691$2,051,392
65$2,601,455$856,049$557,120$2,162,492
66$2,787,244$818,435$496,223$2,283,416
67$2,989,477$776,473$430,781$2,415,175
68$3,209,752$729,869$360,561$2,558,885
69$3,449,830$678,315$285,322$2,715,780
70$3,711,644$621,484$204,812$2,887,222
71$3,997,327$559,032$118,768$3,074,714
72$4,309,222$490,592$26,916$3,279,916
73$4,649,913$415,781$0$3,504,659
74$5,022,239$334,190$0$3,769,936
75$5,429,332$245,389$0$4,067,905
76$5,874,634$148,924$0$4,393,926
77$6,361,941$44,315$0$4,750,807
78$6,895,427$0$0$5,141,639
79$7,479,693$0$0$5,575,140
80$8,119,803$0$0$6,053,873
81$8,821,336$0$0$6,578,603
82$9,590,435$0$0$7,153,935
83$10,433,865$0$0$7,784,936
84$11,359,079$0$0$8,477,190
85$12,374,285$0$0$9,236,847
86$13,488,525$0$0$10,070,682
87$14,711,756$0$0$10,986,155
88$16,054,951$0$0$11,991,486
89$17,530,193$0$0$13,095,731
90$19,150,796$0$0$14,308,864
91$20,931,425$0$0$15,641,874
92$22,888,235$0$0$17,106,865
93$25,039,028$0$0$18,717,176
94$27,403,411$0$0$20,487,500
95$30,002,990$0$0$22,434,023
96$32,861,564$0$0$24,574,580
97$36,005,359$0$0$26,928,822
98$39,463,267$0$0$29,518,396
99$43,267,119$0$0$32,367,157
100$47,451,991$0$0$35,501,384