Can I retire at age 51 with 1,070,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$88,360$87,573$86,805$86,055$85,323$83,875
2 years$43,742$42,928$42,138$41,373$40,630$39,176
3 years$28,872$28,054$27,266$26,508$25,777$24,362
4 years$21,438$20,622$19,843$19,097$18,385$17,019
5 years$16,979$16,168$15,399$14,669$13,976$12,664
6 years$14,007$13,203$12,445$11,731$11,059$9,802
7 years$11,885$11,088$10,341$9,644$8,994$7,792
8 years$10,295$9,504$8,770$8,090$7,461$6,315
9 years$9,058$8,275$7,554$6,891$6,283$5,192
10 years$8,070$7,294$6,586$5,940$5,354$4,316
11 years$7,261$6,493$5,798$5,170$4,604$3,620
12 years$6,588$5,828$5,146$4,535$3,990$3,057
13 years$6,019$5,267$4,597$4,003$3,479$2,596
14 years$5,531$4,788$4,131$3,554$3,050$2,215
15 years$5,109$4,373$3,729$3,169$2,685$1,898
16 years$4,741$4,013$3,381$2,838$2,373$1,631
17 years$4,415$3,695$3,077$2,550$2,104$1,405
18 years$4,127$3,415$2,809$2,298$1,871$1,214
19 years$3,869$3,165$2,571$2,076$1,668$1,050
20 years$3,637$2,941$2,360$1,880$1,490$911
21 years$3,427$2,739$2,171$1,707$1,333$791
22 years$3,237$2,557$2,000$1,552$1,195$687
23 years$3,063$2,392$1,847$1,413$1,073$598
24 years$2,904$2,241$1,708$1,289$964$521
25 years$2,759$2,103$1,582$1,177$868$454
26 years$2,624$1,976$1,467$1,076$781$396
27 years$2,500$1,860$1,363$985$705$346
28 years$2,385$1,753$1,267$903$636$302
29 years$2,278$1,653$1,179$828$574$264
30 years$2,178$1,561$1,098$760$519$230
31 years$2,085$1,476$1,024$698$469$202
32 years$1,998$1,397$955$641$424$176
33 years$1,916$1,323$892$590$384$154
34 years$1,840$1,254$833$543$348$135
35 years$1,767$1,189$779$499$315$118
36 years$1,699$1,129$729$460$285$103
37 years$1,635$1,072$682$424$259$90
38 years$1,575$1,019$639$391$234$79
39 years$1,517$969$598$360$213$69
40 years$1,463$922$561$332$193$61
41 years$1,411$877$526$306$175$53
42 years$1,362$835$493$283$159$47
43 years$1,316$796$463$261$144$41
44 years$1,271$759$435$241$131$36
45 years$1,229$724$408$223$119$31
46 years$1,189$690$383$206$108$27
47 years$1,150$659$360$190$98$24
48 years$1,113$629$338$176$89$21
49 years$1,078$600$318$162$81$18
50 years$1,045$574$299$150$73$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,070,000, adding $5,004 every year, while hoping to spend $31,304 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: 68/26/6 Blend
50$1,070,000$1,070,000$1,070,000$1,070,000
51$1,184,302$1,127,592$1,111,007$1,263,467
52$1,271,793$1,149,536$1,114,918$1,338,493
53$1,367,160$1,171,507$1,117,912$1,416,223
54$1,471,171$1,193,473$1,119,923$1,500,372
55$1,584,676$1,215,398$1,120,885$1,591,561
56$1,708,606$1,237,246$1,120,729$1,690,476
57$1,843,990$1,258,977$1,119,379$1,797,870
58$1,991,958$1,280,547$1,116,759$1,914,575
59$2,153,754$1,301,911$1,112,787$2,041,505
60$2,330,751$1,323,018$1,107,379$2,179,670
61$2,524,456$1,343,815$1,100,445$2,330,180
62$2,736,532$1,364,243$1,091,891$2,494,260
63$2,968,810$1,384,242$1,081,621$2,673,257
64$3,223,303$1,403,745$1,069,530$2,868,658
65$3,502,233$1,422,682$1,055,513$3,082,101
66$3,808,044$1,440,976$1,039,455$3,315,389
67$4,143,428$1,458,547$1,021,240$3,570,511
68$4,511,350$1,475,309$1,000,744$3,849,659
69$4,915,077$1,491,168$977,839$4,155,246
70$5,358,207$1,506,027$952,388$4,489,933
71$5,844,702$1,519,781$924,251$4,856,654
72$6,378,929$1,532,317$893,281$5,258,640
73$6,965,695$1,543,516$859,321$5,699,452
74$7,610,300$1,553,252$822,212$6,183,016
75$8,318,578$1,561,390$781,784$6,713,659
76$9,096,960$1,567,784$737,861$7,296,148
77$9,952,528$1,572,284$690,257$7,935,737
78$10,893,086$1,574,726$638,781$8,638,219
79$11,927,231$1,574,938$583,231$9,409,977
80$13,064,435$1,572,736$523,395$10,258,045
81$14,315,134$1,567,926$459,055$11,190,177
82$15,690,824$1,560,302$389,980$12,214,919
83$17,204,175$1,549,643$315,931$13,341,688
84$18,869,143$1,535,718$236,657$14,580,866
85$20,701,108$1,518,280$151,898$15,943,893
86$22,717,014$1,497,069$61,379$17,443,380
87$24,935,530$1,471,806$0$19,093,222
88$27,377,228$1,442,199$0$20,910,993
89$30,064,776$1,407,936$0$22,915,660
90$33,023,147$1,368,690$0$25,121,914
91$36,279,864$1,324,111$0$27,550,284
92$39,865,248$1,273,831$0$30,223,392
93$43,812,714$1,217,459$0$33,166,171
94$48,159,080$1,154,584$0$36,406,097
95$52,944,915$1,084,768$0$39,973,455
96$58,214,925$1,007,549$0$43,901,616
97$64,018,368$922,440$0$48,227,363
98$70,409,527$828,925$0$52,991,230
99$77,448,214$726,458$0$58,237,890
100$85,200,341$614,463$0$64,016,578