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%19.7%
1 years$86,708$85,936$85,182$84,447$83,728$80,470
2 years$42,925$42,125$41,351$40,599$39,871$36,627
3 years$28,332$27,529$26,757$26,012$25,296$22,169
4 years$21,037$20,237$19,472$18,740$18,041$15,056
5 years$16,662$15,866$15,111$14,394$13,715$10,878
6 years$13,745$12,956$12,212$11,511$10,852$8,165
7 years$11,663$10,880$10,148$9,464$8,825$6,288
8 years$10,102$9,326$8,606$7,939$7,322$4,931
9 years$8,889$8,120$7,413$6,762$6,166$3,919
10 years$7,919$7,158$6,463$5,829$5,254$3,146
11 years$7,125$6,372$5,690$5,073$4,518$2,545
12 years$6,465$5,719$5,049$4,450$3,915$2,072
13 years$5,906$5,168$4,511$3,929$3,414$1,694
14 years$5,428$4,698$4,053$3,487$2,993$1,391
15 years$5,014$4,292$3,660$3,110$2,635$1,145
16 years$4,652$3,938$3,318$2,785$2,329$946
17 years$4,333$3,626$3,019$2,502$2,065$782
18 years$4,049$3,351$2,756$2,255$1,836$648
19 years$3,796$3,106$2,523$2,037$1,637$538
20 years$3,569$2,886$2,316$1,845$1,462$447
21 years$3,363$2,688$2,130$1,675$1,308$372
22 years$3,176$2,509$1,963$1,523$1,173$309
23 years$3,006$2,347$1,813$1,387$1,053$258
24 years$2,850$2,199$1,676$1,265$946$215
25 years$2,707$2,063$1,553$1,155$851$179
26 years$2,575$1,939$1,440$1,056$767$149
27 years$2,453$1,825$1,337$967$691$124
28 years$2,340$1,720$1,243$886$624$104
29 years$2,235$1,622$1,157$812$563$87
30 years$2,137$1,532$1,077$745$509$72
31 years$2,046$1,448$1,004$685$460$60
32 years$1,961$1,371$937$629$416$50
33 years$1,880$1,298$875$579$377$42
34 years$1,805$1,230$818$532$341$35
35 years$1,734$1,167$764$490$309$29
36 years$1,668$1,107$715$451$280$25
37 years$1,605$1,052$669$416$254$20
38 years$1,545$1,000$627$383$230$17
39 years$1,489$951$587$353$209$14
40 years$1,436$904$550$326$189$12
41 years$1,385$861$516$301$172$10
42 years$1,337$820$484$278$156$8
43 years$1,291$781$454$256$141$7
44 years$1,248$745$426$237$128$6
45 years$1,206$710$400$218$116$5
46 years$1,167$677$376$202$106$4
47 years$1,129$646$353$186$96$3
48 years$1,093$617$332$172$87$3
49 years$1,058$589$312$159$79$2
50 years$1,025$563$293$147$72$2

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 $4,454 every year, while hoping to spend $53,221 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: 76/14/10 Blend
50$1,050,000$1,050,000$1,050,000$1,050,000
51$1,161,694$1,106,044$1,089,769$1,247,600
52$1,223,560$1,103,614$1,069,650$1,302,349
53$1,289,953$1,099,280$1,047,073$1,355,141
54$1,361,278$1,092,895$1,021,899$1,411,499
55$1,437,980$1,084,298$993,984$1,471,758
56$1,520,548$1,073,323$963,177$1,536,286
57$1,609,519$1,059,790$929,318$1,605,491
58$1,705,481$1,043,512$892,242$1,679,822
59$1,809,083$1,024,287$851,775$1,759,774
60$1,921,037$1,001,904$807,737$1,845,893
61$2,042,124$976,138$759,937$1,938,782
62$2,173,203$946,752$708,178$2,039,105
63$2,315,220$913,493$652,252$2,147,597
64$2,469,214$876,096$591,944$2,265,065
65$2,636,328$834,278$527,028$2,392,402
66$2,817,817$787,742$457,267$2,530,594
67$3,015,065$736,172$382,416$2,680,725
68$3,229,592$679,234$302,217$2,843,994
69$3,463,070$616,577$216,402$3,021,723
70$3,717,342$547,828$124,689$3,215,370
71$3,994,431$472,592$26,787$3,426,545
72$4,296,569$390,454$0$3,657,021
73$4,626,207$300,975$0$3,917,046
74$4,986,048$203,690$0$4,204,079
75$5,379,063$98,109$0$4,517,676
76$5,808,525$0$0$4,860,503
77$6,278,038$0$0$5,238,005
78$6,791,568$0$0$5,667,467
79$7,353,483$0$0$6,137,433
80$7,968,593$0$0$6,651,930
81$8,642,192$0$0$7,215,392
82$9,380,114$0$0$7,832,704
83$10,188,782$0$0$8,509,244
84$11,075,268$0$0$9,250,936
85$12,047,363$0$0$10,064,304
86$13,113,649$0$0$10,956,533
87$14,283,575$0$0$11,935,537
88$15,567,552$0$0$13,010,036
89$16,977,047$0$0$14,189,631
90$18,524,692$0$0$15,484,901
91$20,224,399$0$0$16,907,498
92$22,091,498$0$0$18,470,259
93$24,142,873$0$0$20,187,325
94$26,397,127$0$0$22,074,274
95$28,874,753$0$0$24,148,269
96$31,598,327$0$0$26,428,217
97$34,592,725$0$0$28,934,951
98$37,885,349$0$0$31,691,419
99$41,506,392$0$0$34,722,908
100$45,489,118$0$0$38,057,276