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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$88,360$87,573$86,805$86,055$85,323$82,035
2 years$43,742$42,928$42,138$41,373$40,630$37,357
3 years$28,872$28,054$27,266$26,508$25,777$22,622
4 years$21,438$20,622$19,843$19,097$18,385$15,370
5 years$16,979$16,168$15,399$14,669$13,976$11,111
6 years$14,007$13,203$12,445$11,731$11,059$8,345
7 years$11,885$11,088$10,341$9,644$8,994$6,431
8 years$10,295$9,504$8,770$8,090$7,461$5,046
9 years$9,058$8,275$7,554$6,891$6,283$4,013
10 years$8,070$7,294$6,586$5,940$5,354$3,223
11 years$7,261$6,493$5,798$5,170$4,604$2,609
12 years$6,588$5,828$5,146$4,535$3,990$2,125
13 years$6,019$5,267$4,597$4,003$3,479$1,739
14 years$5,531$4,788$4,131$3,554$3,050$1,429
15 years$5,109$4,373$3,729$3,169$2,685$1,178
16 years$4,741$4,013$3,381$2,838$2,373$973
17 years$4,415$3,695$3,077$2,550$2,104$805
18 years$4,127$3,415$2,809$2,298$1,871$668
19 years$3,869$3,165$2,571$2,076$1,668$555
20 years$3,637$2,941$2,360$1,880$1,490$461
21 years$3,427$2,739$2,171$1,707$1,333$384
22 years$3,237$2,557$2,000$1,552$1,195$320
23 years$3,063$2,392$1,847$1,413$1,073$266
24 years$2,904$2,241$1,708$1,289$964$222
25 years$2,759$2,103$1,582$1,177$868$185
26 years$2,624$1,976$1,467$1,076$781$155
27 years$2,500$1,860$1,363$985$705$129
28 years$2,385$1,753$1,267$903$636$108
29 years$2,278$1,653$1,179$828$574$90
30 years$2,178$1,561$1,098$760$519$75
31 years$2,085$1,476$1,024$698$469$63
32 years$1,998$1,397$955$641$424$53
33 years$1,916$1,323$892$590$384$44
34 years$1,840$1,254$833$543$348$37
35 years$1,767$1,189$779$499$315$31
36 years$1,699$1,129$729$460$285$26
37 years$1,635$1,072$682$424$259$21
38 years$1,575$1,019$639$391$234$18
39 years$1,517$969$598$360$213$15
40 years$1,463$922$561$332$193$13
41 years$1,411$877$526$306$175$10
42 years$1,362$835$493$283$159$9
43 years$1,316$796$463$261$144$7
44 years$1,271$759$435$241$131$6
45 years$1,229$724$408$223$119$5
46 years$1,189$690$383$206$108$4
47 years$1,150$659$360$190$98$4
48 years$1,113$629$338$176$89$3
49 years$1,078$600$318$162$81$2
50 years$1,045$574$299$150$73$2

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 $3,518 every year, while hoping to spend $42,899 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: 38/43/19 Blend
50$1,070,000$1,070,000$1,070,000$1,070,000
51$1,182,769$1,126,059$1,109,474$1,220,849
52$1,257,767$1,135,591$1,100,997$1,258,152
53$1,338,977$1,144,153$1,090,798$1,294,115
54$1,426,988$1,151,652$1,078,775$1,332,090
55$1,522,446$1,157,988$1,064,819$1,372,282
56$1,626,062$1,163,057$1,048,818$1,414,921
57$1,738,620$1,166,746$1,030,653$1,460,261
58$1,860,980$1,168,937$1,010,200$1,508,584
59$1,994,088$1,169,503$987,330$1,560,203
60$2,138,988$1,168,311$961,908$1,615,470
61$2,296,824$1,165,218$933,791$1,674,771
62$2,468,859$1,160,072$902,832$1,738,538
63$2,656,481$1,152,714$868,875$1,807,249
64$2,861,217$1,142,973$831,758$1,881,436
65$3,084,751$1,130,668$791,312$1,961,689
66$3,328,934$1,115,609$747,359$2,048,662
67$3,595,804$1,097,593$699,714$2,143,080
68$3,887,605$1,076,404$648,184$2,245,750
69$4,206,808$1,051,815$592,565$2,357,563
70$4,556,134$1,023,585$532,647$2,479,509
71$4,938,578$991,459$468,210$2,612,683
72$5,357,440$955,168$399,022$2,758,301
73$5,816,352$914,424$324,842$2,917,708
74$6,319,316$868,927$245,420$3,092,393
75$6,870,737$818,355$160,493$3,284,006
76$7,475,469$762,372$69,786$3,494,374
77$8,138,857$700,618$0$3,725,517
78$8,866,789$632,717$0$3,985,148
79$9,665,749$558,268$0$4,285,720
80$10,542,882$476,849$0$4,615,870
81$11,506,056$388,014$0$4,978,692
82$12,563,939$291,293$0$5,377,603
83$13,726,081$186,186$0$5,816,377
84$15,003,000$72,169$0$6,299,180
85$16,406,287$0$0$6,830,616
86$17,948,707$0$0$7,440,046
87$19,644,328$0$0$8,147,705
88$21,508,644$0$0$8,925,932
89$23,558,730$0$0$9,781,874
90$25,813,395$0$0$10,723,404
91$28,293,363$0$0$11,759,200
92$31,021,469$0$0$12,898,820
93$34,022,870$0$0$14,152,798
94$37,325,286$0$0$15,532,737
95$40,959,259$0$0$17,051,425
96$44,958,442$0$0$18,722,952
97$49,359,913$0$0$20,562,841
98$54,204,529$0$0$22,588,198
99$59,537,309$0$0$24,817,872
100$65,407,855$0$0$27,272,632