Can I retire at age 51 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$89,185$88,391$87,616$86,859$86,121$84,520
2 years$44,151$43,329$42,532$41,759$41,010$39,403
3 years$29,142$28,316$27,521$26,756$26,018$24,456
4 years$21,638$20,815$20,028$19,276$18,557$17,050
5 years$17,138$16,319$15,543$14,806$14,106$12,660
6 years$14,138$13,326$12,561$11,840$11,162$9,778
7 years$11,997$11,191$10,438$9,735$9,078$7,756
8 years$10,391$9,593$8,852$8,166$7,531$6,271
9 years$9,143$8,352$7,625$6,956$6,342$5,144
10 years$8,145$7,362$6,647$5,996$5,404$4,266
11 years$7,329$6,554$5,852$5,218$4,647$3,568
12 years$6,650$5,883$5,194$4,577$4,027$3,005
13 years$6,075$5,316$4,640$4,041$3,512$2,546
14 years$5,583$4,832$4,169$3,587$3,078$2,166
15 years$5,157$4,414$3,764$3,199$2,711$1,851
16 years$4,785$4,050$3,413$2,864$2,396$1,586
17 years$4,457$3,730$3,106$2,574$2,124$1,363
18 years$4,165$3,447$2,835$2,319$1,889$1,174
19 years$3,905$3,194$2,595$2,096$1,683$1,013
20 years$3,671$2,968$2,382$1,898$1,504$875
21 years$3,459$2,765$2,191$1,723$1,346$758
22 years$3,267$2,581$2,019$1,566$1,206$657
23 years$3,092$2,414$1,864$1,426$1,083$570
24 years$2,932$2,262$1,724$1,301$973$495
25 years$2,784$2,122$1,597$1,188$876$430
26 years$2,649$1,995$1,481$1,086$789$374
27 years$2,523$1,877$1,375$994$711$325
28 years$2,407$1,769$1,279$911$642$283
29 years$2,299$1,669$1,190$835$579$246
30 years$2,198$1,576$1,108$767$524$215
31 years$2,104$1,490$1,033$704$473$187
32 years$2,017$1,410$964$647$428$163
33 years$1,934$1,335$900$595$387$142
34 years$1,857$1,265$841$548$351$124
35 years$1,784$1,200$786$504$318$108
36 years$1,715$1,139$736$464$288$94
37 years$1,651$1,082$688$428$261$82
38 years$1,589$1,028$645$394$237$72
39 years$1,531$978$604$364$215$63
40 years$1,477$930$566$335$195$55
41 years$1,424$885$531$309$177$48
42 years$1,375$843$498$285$160$42
43 years$1,328$803$467$264$145$36
44 years$1,283$766$439$243$132$32
45 years$1,241$730$412$225$120$28
46 years$1,200$697$387$208$109$24
47 years$1,161$665$363$192$99$21
48 years$1,124$635$341$177$90$18
49 years$1,088$606$321$164$81$16
50 years$1,054$579$302$151$74$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,080,000, adding $4,001 every year, while hoping to spend $28,912 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: 58/13/29 Blend
50$1,080,000$1,080,000$1,080,000$1,080,000
51$1,194,287$1,137,047$1,120,307$1,253,862
52$1,285,342$1,162,000$1,127,075$1,320,117
53$1,384,716$1,187,207$1,133,101$1,388,949
54$1,493,226$1,212,650$1,138,329$1,463,417
55$1,611,774$1,238,308$1,142,702$1,544,074
56$1,741,349$1,264,160$1,146,157$1,631,535
57$1,883,045$1,290,181$1,148,631$1,726,474
58$2,038,062$1,316,346$1,150,056$1,829,635
59$2,207,723$1,342,626$1,150,362$1,941,839
60$2,393,486$1,368,990$1,149,475$2,063,991
61$2,596,955$1,395,404$1,147,315$2,197,088
62$2,819,896$1,421,831$1,143,802$2,342,231
63$3,064,257$1,448,231$1,138,851$2,500,632
64$3,332,179$1,474,563$1,132,370$2,673,628
65$3,626,023$1,500,778$1,124,267$2,862,694
66$3,948,389$1,526,828$1,114,441$3,069,454
67$4,302,140$1,552,659$1,102,791$3,295,701
68$4,690,432$1,578,212$1,089,207$3,543,411
69$5,116,737$1,603,426$1,073,577$3,814,762
70$5,584,884$1,628,233$1,055,781$4,112,155
71$6,099,088$1,652,562$1,035,696$4,438,239
72$6,663,994$1,676,337$1,013,191$4,795,933
73$7,284,719$1,699,475$988,131$5,188,456
74$7,966,899$1,721,889$960,372$5,619,355
75$8,716,745$1,743,483$929,766$6,092,542
76$9,541,097$1,764,158$896,158$6,612,330
77$10,447,494$1,783,806$859,384$7,183,474
78$11,444,238$1,802,313$819,273$7,811,214
79$12,540,481$1,819,556$775,649$8,501,328
80$13,746,301$1,835,406$728,325$9,260,186
81$15,072,806$1,849,723$677,106$10,094,810
82$16,532,233$1,862,360$621,789$11,012,940
83$18,138,063$1,873,158$562,162$12,023,110
84$19,905,155$1,881,952$498,003$13,134,724
85$21,849,875$1,888,562$429,081$14,358,153
86$23,990,260$1,892,800$355,153$15,704,825
87$26,346,183$1,894,464$275,967$17,187,340
88$28,939,541$1,893,340$191,260$18,819,585
89$31,794,463$1,889,201$100,755$20,616,869
90$34,937,533$1,881,807$4,165$22,596,066
91$38,398,047$1,870,902$0$24,775,775
92$42,208,286$1,856,214$0$27,207,105
93$46,403,819$1,837,456$0$29,885,412
94$51,023,841$1,814,324$0$32,834,415
95$56,111,540$1,786,492$0$36,081,673
96$61,714,507$1,753,621$0$39,657,557
97$67,885,183$1,715,345$0$43,595,535
98$74,681,357$1,671,281$0$47,932,490
99$82,166,704$1,621,023$0$52,709,065
100$90,411,394$1,564,140$0$57,970,050