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 $4,935 every year, while hoping to spend $41,035 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: 72/17/11 Blend
50$1,070,000$1,070,000$1,070,000$1,070,000
51$1,184,230$1,127,520$1,110,935$1,266,548
52$1,261,361$1,139,108$1,104,491$1,333,247
53$1,344,984$1,149,888$1,096,455$1,400,722
54$1,435,717$1,159,778$1,086,731$1,473,493
55$1,534,242$1,168,689$1,075,219$1,552,072
56$1,641,307$1,176,527$1,061,811$1,637,024
57$1,757,736$1,183,192$1,046,397$1,728,973
58$1,884,434$1,188,578$1,028,861$1,828,605
59$2,022,399$1,192,571$1,009,080$1,936,677
60$2,172,728$1,195,051$986,928$2,054,023
61$2,336,628$1,195,890$962,272$2,181,565
62$2,515,427$1,194,951$934,971$2,320,316
63$2,710,588$1,192,092$904,881$2,471,394
64$2,923,722$1,187,158$871,847$2,636,033
65$3,156,599$1,179,986$835,712$2,815,591
66$3,411,172$1,170,405$796,308$3,011,567
67$3,689,588$1,158,232$753,461$3,225,612
68$3,994,212$1,143,272$706,989$3,459,550
69$4,327,650$1,125,320$656,700$3,715,387
70$4,692,767$1,104,158$602,397$3,995,338
71$5,092,724$1,079,555$543,871$4,301,844
72$5,530,996$1,051,268$480,906$4,637,596
73$6,011,415$1,019,038$413,274$5,005,561
74$6,538,199$982,590$340,738$5,409,012
75$7,115,993$941,635$263,051$5,851,555
76$7,749,916$895,867$179,955$6,337,166
77$8,445,605$844,961$91,180$6,870,230
78$9,209,267$788,575$0$7,455,579
79$10,047,742$726,345$0$8,098,962
80$10,968,564$657,888$0$8,817,281
81$11,980,033$582,800$0$9,606,338
82$13,091,290$500,651$0$10,473,309
83$14,312,409$410,991$0$11,426,106
84$15,654,485$313,339$0$12,473,447
85$17,129,742$207,192$0$13,624,941
86$18,751,648$92,017$0$14,891,179
87$20,535,040$0$0$16,283,833
88$22,496,267$0$0$17,821,894
89$24,653,338$0$0$19,532,533
90$27,026,098$0$0$21,414,280
91$29,636,410$0$0$23,484,483
92$32,508,363$0$0$25,762,253
93$35,668,501$0$0$28,268,651
94$39,146,068$0$0$31,026,878
95$42,973,287$0$0$34,062,502
96$47,185,663$0$0$37,403,692
97$51,822,319$0$0$41,081,488
98$56,926,360$0$0$45,130,091
99$62,545,286$0$0$49,587,189
100$68,731,434$0$0$54,494,306