Can I retire at age 51 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$86,708$85,936$85,182$84,447$83,728$80,951
2 years$42,925$42,125$41,351$40,599$39,871$37,099
3 years$28,332$27,529$26,757$26,012$25,296$22,618
4 years$21,037$20,237$19,472$18,740$18,041$15,477
5 years$16,662$15,866$15,111$14,394$13,715$11,271
6 years$13,745$12,956$12,212$11,511$10,852$8,530
7 years$11,663$10,880$10,148$9,464$8,825$6,626
8 years$10,102$9,326$8,606$7,939$7,322$5,243
9 years$8,889$8,120$7,413$6,762$6,166$4,205
10 years$7,919$7,158$6,463$5,829$5,254$3,408
11 years$7,125$6,372$5,690$5,073$4,518$2,784
12 years$6,465$5,719$5,049$4,450$3,915$2,289
13 years$5,906$5,168$4,511$3,929$3,414$1,891
14 years$5,428$4,698$4,053$3,487$2,993$1,569
15 years$5,014$4,292$3,660$3,110$2,635$1,306
16 years$4,652$3,938$3,318$2,785$2,329$1,090
17 years$4,333$3,626$3,019$2,502$2,065$912
18 years$4,049$3,351$2,756$2,255$1,836$764
19 years$3,796$3,106$2,523$2,037$1,637$641
20 years$3,569$2,886$2,316$1,845$1,462$539
21 years$3,363$2,688$2,130$1,675$1,308$453
22 years$3,176$2,509$1,963$1,523$1,173$382
23 years$3,006$2,347$1,813$1,387$1,053$322
24 years$2,850$2,199$1,676$1,265$946$271
25 years$2,707$2,063$1,553$1,155$851$229
26 years$2,575$1,939$1,440$1,056$767$193
27 years$2,453$1,825$1,337$967$691$163
28 years$2,340$1,720$1,243$886$624$138
29 years$2,235$1,622$1,157$812$563$116
30 years$2,137$1,532$1,077$745$509$98
31 years$2,046$1,448$1,004$685$460$83
32 years$1,961$1,371$937$629$416$70
33 years$1,880$1,298$875$579$377$59
34 years$1,805$1,230$818$532$341$50
35 years$1,734$1,167$764$490$309$42
36 years$1,668$1,107$715$451$280$36
37 years$1,605$1,052$669$416$254$30
38 years$1,545$1,000$627$383$230$26
39 years$1,489$951$587$353$209$22
40 years$1,436$904$550$326$189$18
41 years$1,385$861$516$301$172$16
42 years$1,337$820$484$278$156$13
43 years$1,291$781$454$256$141$11
44 years$1,248$745$426$237$128$9
45 years$1,206$710$400$218$116$8
46 years$1,167$677$376$202$106$7
47 years$1,129$646$353$186$96$6
48 years$1,093$617$332$172$87$5
49 years$1,058$589$312$159$79$4
50 years$1,025$563$293$147$72$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,050,000, adding $2,989 every year, while hoping to spend $29,726 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: 64/19/17 Blend
50$1,050,000$1,050,000$1,050,000$1,050,000
51$1,160,183$1,104,533$1,088,258$1,229,352
52$1,246,894$1,127,027$1,093,087$1,298,626
53$1,341,452$1,149,627$1,097,080$1,370,602
54$1,444,628$1,172,306$1,100,180$1,448,518
55$1,557,268$1,195,037$1,102,324$1,532,953
56$1,680,304$1,217,788$1,103,446$1,624,547
57$1,814,761$1,240,526$1,103,478$1,724,005
58$1,961,770$1,263,215$1,102,348$1,832,104
59$2,122,573$1,285,816$1,099,980$1,949,700
60$2,298,541$1,308,286$1,096,294$2,077,737
61$2,491,180$1,330,580$1,091,208$2,217,254
62$2,702,152$1,352,650$1,084,635$2,369,398
63$2,933,284$1,374,442$1,076,483$2,535,431
64$3,186,590$1,395,901$1,066,656$2,716,746
65$3,464,288$1,416,966$1,055,055$2,914,877
66$3,768,821$1,437,572$1,041,574$3,131,516
67$4,102,877$1,457,650$1,026,104$3,368,526
68$4,469,421$1,477,125$1,008,528$3,627,963
69$4,871,716$1,495,918$988,728$3,912,092
70$5,313,357$1,513,944$966,576$4,223,409
71$5,798,304$1,531,112$941,942$4,564,666
72$6,330,920$1,547,326$914,685$4,938,896
73$6,916,010$1,562,481$884,664$5,349,443
74$7,558,868$1,576,468$851,725$5,799,992
75$8,265,327$1,589,169$815,713$6,294,606
76$9,041,812$1,600,460$776,460$6,837,762
77$9,895,400$1,610,206$733,795$7,434,396
78$10,833,892$1,618,267$687,538$8,089,948
79$11,865,878$1,624,491$637,500$8,810,416
80$13,000,825$1,628,719$583,483$9,602,408
81$14,249,162$1,630,779$525,283$10,473,211
82$15,622,381$1,630,491$462,684$11,430,856
83$17,133,141$1,627,663$395,462$12,484,194
84$18,795,394$1,622,091$323,382$13,642,982
85$20,624,509$1,613,558$246,200$14,917,974
86$22,637,420$1,601,834$163,660$16,321,025
87$24,852,789$1,586,676$75,495$17,865,198
88$27,291,176$1,567,825$0$19,564,896
89$29,975,235$1,545,008$0$21,439,363
90$32,929,930$1,517,934$0$23,517,554
91$36,182,766$1,486,296$0$25,805,100
92$39,764,052$1,449,768$0$28,323,310
93$43,707,184$1,408,006$0$31,095,670
94$48,048,962$1,360,644$0$34,148,061
95$52,829,937$1,307,296$0$37,509,004
96$58,094,790$1,247,553$0$41,209,932
97$63,892,759$1,180,983$0$45,285,483
98$70,278,098$1,107,129$0$49,773,831
99$77,310,592$1,025,507$0$54,717,045
100$85,056,121$935,605$0$60,161,485