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%12%
1 years$89,185$88,391$87,616$86,859$86,121$85,399
2 years$44,151$43,329$42,532$41,759$41,010$40,283
3 years$29,142$28,316$27,521$26,756$26,018$25,308
4 years$21,638$20,815$20,028$19,276$18,557$17,868
5 years$17,138$16,319$15,543$14,806$14,106$13,443
6 years$14,138$13,326$12,561$11,840$11,162$10,523
7 years$11,997$11,191$10,438$9,735$9,078$8,465
8 years$10,391$9,593$8,852$8,166$7,531$6,943
9 years$9,143$8,352$7,625$6,956$6,342$5,780
10 years$8,145$7,362$6,647$5,996$5,404$4,866
11 years$7,329$6,554$5,852$5,218$4,647$4,135
12 years$6,650$5,883$5,194$4,577$4,027$3,539
13 years$6,075$5,316$4,640$4,041$3,512$3,047
14 years$5,583$4,832$4,169$3,587$3,078$2,636
15 years$5,157$4,414$3,764$3,199$2,711$2,291
16 years$4,785$4,050$3,413$2,864$2,396$1,997
17 years$4,457$3,730$3,106$2,574$2,124$1,747
18 years$4,165$3,447$2,835$2,319$1,889$1,532
19 years$3,905$3,194$2,595$2,096$1,683$1,346
20 years$3,671$2,968$2,382$1,898$1,504$1,185
21 years$3,459$2,765$2,191$1,723$1,346$1,045
22 years$3,267$2,581$2,019$1,566$1,206$923
23 years$3,092$2,414$1,864$1,426$1,083$816
24 years$2,932$2,262$1,724$1,301$973$723
25 years$2,784$2,122$1,597$1,188$876$640
26 years$2,649$1,995$1,481$1,086$789$568
27 years$2,523$1,877$1,375$994$711$504
28 years$2,407$1,769$1,279$911$642$448
29 years$2,299$1,669$1,190$835$579$398
30 years$2,198$1,576$1,108$767$524$354
31 years$2,104$1,490$1,033$704$473$315
32 years$2,017$1,410$964$647$428$280
33 years$1,934$1,335$900$595$387$249
34 years$1,857$1,265$841$548$351$222
35 years$1,784$1,200$786$504$318$198
36 years$1,715$1,139$736$464$288$176
37 years$1,651$1,082$688$428$261$157
38 years$1,589$1,028$645$394$237$140
39 years$1,531$978$604$364$215$125
40 years$1,477$930$566$335$195$111
41 years$1,424$885$531$309$177$99
42 years$1,375$843$498$285$160$89
43 years$1,328$803$467$264$145$79
44 years$1,283$766$439$243$132$70
45 years$1,241$730$412$225$120$63
46 years$1,200$697$387$208$109$56
47 years$1,161$665$363$192$99$50
48 years$1,124$635$341$177$90$45
49 years$1,088$606$321$164$81$40
50 years$1,054$579$302$151$74$36

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 $3,979 every year, while hoping to spend $34,831 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: 71/13/16 Blend
50$1,080,000$1,080,000$1,080,000$1,080,000
51$1,194,264$1,137,024$1,120,284$1,274,377
52$1,279,019$1,155,679$1,120,754$1,346,777
53$1,371,252$1,174,080$1,120,072$1,421,436
54$1,471,688$1,192,178$1,118,163$1,502,273
55$1,581,127$1,209,921$1,114,948$1,589,893
56$1,700,447$1,227,253$1,110,344$1,684,961
57$1,830,616$1,244,112$1,104,264$1,788,213
58$1,972,700$1,260,433$1,096,617$1,900,458
59$2,127,869$1,276,149$1,087,308$2,022,588
60$2,297,416$1,291,184$1,076,237$2,155,586
61$2,482,760$1,305,460$1,063,299$2,300,537
62$2,685,466$1,318,892$1,048,384$2,458,633
63$2,907,256$1,331,390$1,031,377$2,631,192
64$3,150,027$1,342,859$1,012,159$2,819,665
65$3,415,867$1,353,196$990,603$3,025,651
66$3,707,075$1,362,292$966,578$3,250,913
67$4,026,184$1,370,032$939,946$3,497,394
68$4,375,984$1,376,293$910,563$3,767,235
69$4,759,545$1,380,942$878,278$4,062,798
70$5,180,252$1,383,842$842,934$4,386,685
71$5,641,831$1,384,844$804,365$4,741,765
72$6,148,387$1,383,790$762,401$5,131,198
73$6,704,441$1,380,514$716,859$5,558,471
74$7,314,973$1,374,838$667,553$6,027,424
75$7,985,470$1,366,575$614,286$6,542,294
76$8,721,975$1,355,524$556,851$7,107,746
77$9,531,146$1,341,474$495,036$7,728,927
78$10,420,318$1,324,202$428,614$8,411,507
79$11,397,571$1,303,468$357,353$9,161,738
80$12,471,806$1,279,021$281,008$9,986,510
81$13,652,832$1,250,594$199,323$10,893,418
82$14,951,452$1,217,905$112,032$11,890,834
83$16,379,572$1,180,654$18,857$12,987,985
84$17,950,307$1,138,525$0$14,195,043
85$19,678,107$1,091,182$0$15,536,974
86$21,578,895$1,038,270$0$17,016,709
87$23,670,212$979,415$0$18,644,698
88$25,971,386$914,219$0$20,436,012
89$28,503,715$842,263$0$22,407,255
90$31,290,664$763,104$0$24,576,725
91$34,358,088$676,272$0$26,964,590
92$37,734,476$581,273$0$29,593,071
93$41,451,219$477,582$0$32,486,657
94$45,542,907$364,647$0$35,672,337
95$50,047,653$241,884$0$39,179,850
96$55,007,452$108,675$0$43,041,971
97$60,468,582$0$0$47,294,818
98$66,482,034$0$0$51,983,291
99$73,103,996$0$0$57,163,388
100$80,396,383$0$0$62,868,007