Can I retire at age 51 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$87,534$86,754$85,993$85,251$84,526$81,430
2 years$43,334$42,527$41,744$40,986$40,250$37,166
3 years$28,602$27,792$27,011$26,260$25,537$22,560
4 years$21,238$20,430$19,657$18,919$18,213$15,367
5 years$16,820$16,017$15,255$14,532$13,845$11,138
6 years$13,876$13,079$12,328$11,621$10,955$8,388
7 years$11,774$10,984$10,245$9,554$8,909$6,482
8 years$10,199$9,415$8,688$8,015$7,391$5,102
9 years$8,974$8,198$7,483$6,827$6,225$4,070
10 years$7,994$7,226$6,524$5,885$5,304$3,279
11 years$7,193$6,433$5,744$5,122$4,561$2,663
12 years$6,526$5,774$5,097$4,492$3,953$2,176
13 years$5,963$5,218$4,554$3,966$3,447$1,787
14 years$5,480$4,743$4,092$3,521$3,021$1,474
15 years$5,062$4,333$3,695$3,140$2,660$1,219
16 years$4,696$3,975$3,350$2,811$2,351$1,011
17 years$4,374$3,661$3,048$2,526$2,085$840
18 years$4,088$3,383$2,782$2,276$1,854$699
19 years$3,832$3,135$2,547$2,057$1,652$583
20 years$3,603$2,913$2,338$1,863$1,476$486
21 years$3,395$2,714$2,150$1,691$1,321$406
22 years$3,206$2,533$1,982$1,537$1,184$340
23 years$3,035$2,369$1,830$1,400$1,063$284
24 years$2,877$2,220$1,692$1,277$955$238
25 years$2,733$2,083$1,567$1,166$859$199
26 years$2,600$1,958$1,454$1,066$774$167
27 years$2,477$1,843$1,350$976$698$140
28 years$2,363$1,736$1,255$894$630$117
29 years$2,256$1,638$1,168$820$569$98
30 years$2,158$1,547$1,088$753$514$83
31 years$2,065$1,462$1,014$691$465$69
32 years$1,979$1,384$946$635$420$58
33 years$1,898$1,310$883$584$380$49
34 years$1,822$1,242$825$537$344$41
35 years$1,751$1,178$772$495$312$34
36 years$1,684$1,118$722$456$283$29
37 years$1,620$1,062$676$420$256$24
38 years$1,560$1,009$633$387$232$20
39 years$1,503$960$593$357$211$17
40 years$1,449$913$556$329$191$14
41 years$1,398$869$521$304$173$12
42 years$1,350$828$489$280$157$10
43 years$1,303$789$459$259$143$8
44 years$1,259$752$430$239$130$7
45 years$1,218$717$404$221$118$6
46 years$1,178$684$380$204$107$5
47 years$1,140$653$357$188$97$4
48 years$1,103$623$335$174$88$4
49 years$1,068$595$315$161$80$3
50 years$1,035$568$296$149$73$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,060,000, adding $3,274 every year, while hoping to spend $49,696 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: 44/49/7 Blend
50$1,060,000$1,060,000$1,060,000$1,060,000
51$1,171,497$1,115,317$1,098,887$1,220,578
52$1,238,114$1,117,092$1,082,824$1,256,636
53$1,309,860$1,117,287$1,064,557$1,290,322
54$1,387,205$1,115,774$1,043,959$1,325,680
55$1,470,668$1,112,415$1,020,900$1,362,881
56$1,560,816$1,107,064$995,240$1,402,115
57$1,658,274$1,099,564$966,835$1,443,595
58$1,763,727$1,089,752$935,533$1,487,558
59$1,877,931$1,077,453$901,177$1,534,268
60$2,001,714$1,062,482$863,600$1,584,022
61$2,135,987$1,044,643$822,630$1,637,147
62$2,281,755$1,023,728$778,085$1,694,011
63$2,440,120$999,516$729,777$1,755,021
64$2,612,296$971,776$677,508$1,820,632
65$2,799,616$940,259$621,071$1,891,349
66$3,003,551$904,706$560,250$1,967,736
67$3,225,716$864,839$494,821$2,050,417
68$3,467,889$820,367$424,548$2,140,088
69$3,732,029$770,979$349,185$2,237,521
70$4,020,289$716,350$268,476$2,343,574
71$4,335,040$656,133$182,152$2,459,201
72$4,678,893$589,963$89,933$2,585,459
73$5,054,723$517,454$0$2,723,522
74$5,465,692$438,196$0$2,875,326
75$5,915,285$351,760$0$3,048,892
76$6,407,337$257,690$0$3,239,121
77$6,946,073$155,504$0$3,447,815
78$7,536,143$44,694$0$3,676,967
79$8,182,669$0$0$3,928,785
80$8,891,294$0$0$4,246,301
81$9,668,228$0$0$4,620,977
82$10,520,316$0$0$5,032,028
83$11,455,093$0$0$5,483,107
84$12,480,862$0$0$5,978,238
85$13,606,765$0$0$6,521,851
86$14,842,875$0$0$7,118,829
87$16,200,288$0$0$7,774,548
88$17,691,224$0$0$8,494,933
89$19,329,150$0$0$9,286,510
90$21,128,896$0$0$10,156,468
91$23,106,805$0$0$11,112,728
92$25,280,876$0$0$12,164,016
93$27,670,945$0$0$13,319,946
94$30,298,859$0$0$14,591,109
95$33,188,694$0$0$15,989,176
96$36,366,971$0$0$17,527,003
97$39,862,914$0$0$19,218,757
98$43,708,717$0$0$21,080,046
99$47,939,856$0$0$23,128,067
100$52,595,415$0$0$25,381,769