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%11.7%
1 years$88,360$87,573$86,805$86,055$85,323$84,715
2 years$43,742$42,928$42,138$41,373$40,630$40,016
3 years$28,872$28,054$27,266$26,508$25,777$25,178
4 years$21,438$20,622$19,843$19,097$18,385$17,803
5 years$16,979$16,168$15,399$14,669$13,976$13,415
6 years$14,007$13,203$12,445$11,731$11,059$10,518
7 years$11,885$11,088$10,341$9,644$8,994$8,475
8 years$10,295$9,504$8,770$8,090$7,461$6,963
9 years$9,058$8,275$7,554$6,891$6,283$5,807
10 years$8,070$7,294$6,586$5,940$5,354$4,898
11 years$7,261$6,493$5,798$5,170$4,604$4,169
12 years$6,588$5,828$5,146$4,535$3,990$3,575
13 years$6,019$5,267$4,597$4,003$3,479$3,084
14 years$5,531$4,788$4,131$3,554$3,050$2,674
15 years$5,109$4,373$3,729$3,169$2,685$2,328
16 years$4,741$4,013$3,381$2,838$2,373$2,034
17 years$4,415$3,695$3,077$2,550$2,104$1,783
18 years$4,127$3,415$2,809$2,298$1,871$1,566
19 years$3,869$3,165$2,571$2,076$1,668$1,380
20 years$3,637$2,941$2,360$1,880$1,490$1,217
21 years$3,427$2,739$2,171$1,707$1,333$1,076
22 years$3,237$2,557$2,000$1,552$1,195$952
23 years$3,063$2,392$1,847$1,413$1,073$844
24 years$2,904$2,241$1,708$1,289$964$749
25 years$2,759$2,103$1,582$1,177$868$665
26 years$2,624$1,976$1,467$1,076$781$591
27 years$2,500$1,860$1,363$985$705$526
28 years$2,385$1,753$1,267$903$636$469
29 years$2,278$1,653$1,179$828$574$417
30 years$2,178$1,561$1,098$760$519$372
31 years$2,085$1,476$1,024$698$469$332
32 years$1,998$1,397$955$641$424$296
33 years$1,916$1,323$892$590$384$264
34 years$1,840$1,254$833$543$348$236
35 years$1,767$1,189$779$499$315$211
36 years$1,699$1,129$729$460$285$188
37 years$1,635$1,072$682$424$259$168
38 years$1,575$1,019$639$391$234$150
39 years$1,517$969$598$360$213$134
40 years$1,463$922$561$332$193$120
41 years$1,411$877$526$306$175$107
42 years$1,362$835$493$283$159$96
43 years$1,316$796$463$261$144$86
44 years$1,271$759$435$241$131$77
45 years$1,229$724$408$223$119$69
46 years$1,189$690$383$206$108$61
47 years$1,150$659$360$190$98$55
48 years$1,113$629$338$176$89$49
49 years$1,078$600$318$162$81$44
50 years$1,045$574$299$150$73$39

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 $2,245 every year, while hoping to spend $39,648 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: 67/5/28 Blend
50$1,070,000$1,070,000$1,070,000$1,070,000
51$1,181,456$1,124,746$1,108,161$1,251,803
52$1,259,779$1,137,673$1,103,099$1,312,413
53$1,344,763$1,149,905$1,096,539$1,374,009
54$1,437,044$1,161,366$1,088,388$1,440,497
55$1,537,323$1,171,974$1,078,551$1,512,360
56$1,646,374$1,181,644$1,066,925$1,590,136
57$1,765,042$1,190,283$1,053,406$1,674,416
58$1,894,264$1,197,794$1,037,882$1,765,851
59$2,035,065$1,204,072$1,020,237$1,865,162
60$2,188,577$1,209,007$1,000,350$1,973,142
61$2,356,044$1,212,481$978,094$2,090,668
62$2,538,836$1,214,368$953,336$2,218,706
63$2,738,461$1,214,535$925,937$2,358,322
64$2,956,578$1,212,842$895,750$2,510,693
65$3,195,016$1,209,138$862,624$2,677,115
66$3,455,785$1,203,264$826,400$2,859,020
67$3,741,102$1,195,050$786,911$3,057,987
68$4,053,405$1,184,318$743,983$3,275,757
69$4,395,380$1,170,877$697,434$3,514,251
70$4,769,985$1,154,527$647,074$3,775,587
71$5,180,478$1,135,053$592,706$4,062,101
72$5,630,445$1,112,229$534,120$4,376,372
73$6,123,838$1,085,816$471,101$4,721,240
74$6,665,009$1,055,560$403,422$5,099,840
75$7,258,750$1,021,193$330,847$5,515,629
76$7,910,341$982,430$253,128$5,972,419
77$8,625,597$938,970$170,009$6,474,413
78$9,410,923$890,495$81,220$7,026,246
79$10,273,377$836,669$0$7,633,030
80$11,220,731$777,135$0$8,304,443
81$12,261,548$711,517$0$9,068,816
82$13,405,262$639,418$0$9,908,801
83$14,662,266$560,416$0$10,832,048
84$16,044,008$474,068$0$11,846,988
85$17,563,104$379,904$0$12,962,908
86$19,233,449$277,427$0$14,190,042
87$21,070,355$166,115$0$15,539,667
88$23,090,690$45,415$0$17,024,208
89$25,313,042$0$0$18,657,356
90$27,757,887$0$0$20,458,888
91$30,447,788$0$0$22,443,820
92$33,407,605$0$0$24,628,006
93$36,664,728$0$0$27,031,668
94$40,249,339$0$0$29,677,090
95$44,194,692$0$0$32,588,822
96$48,537,428$0$0$35,793,919
97$53,317,922$0$0$39,322,188
98$58,580,661$0$0$43,206,475
99$64,374,665$0$0$47,482,972
100$70,753,950$0$0$52,191,559