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%12.4%
1 years$89,185$88,391$87,616$86,859$86,121$85,257
2 years$44,151$43,329$42,532$41,759$41,010$40,140
3 years$29,142$28,316$27,521$26,756$26,018$25,169
4 years$21,638$20,815$20,028$19,276$18,557$17,734
5 years$17,138$16,319$15,543$14,806$14,106$13,314
6 years$14,138$13,326$12,561$11,840$11,162$10,400
7 years$11,997$11,191$10,438$9,735$9,078$8,347
8 years$10,391$9,593$8,852$8,166$7,531$6,831
9 years$9,143$8,352$7,625$6,956$6,342$5,673
10 years$8,145$7,362$6,647$5,996$5,404$4,765
11 years$7,329$6,554$5,852$5,218$4,647$4,039
12 years$6,650$5,883$5,194$4,577$4,027$3,448
13 years$6,075$5,316$4,640$4,041$3,512$2,961
14 years$5,583$4,832$4,169$3,587$3,078$2,555
15 years$5,157$4,414$3,764$3,199$2,711$2,214
16 years$4,785$4,050$3,413$2,864$2,396$1,926
17 years$4,457$3,730$3,106$2,574$2,124$1,679
18 years$4,165$3,447$2,835$2,319$1,889$1,468
19 years$3,905$3,194$2,595$2,096$1,683$1,287
20 years$3,671$2,968$2,382$1,898$1,504$1,130
21 years$3,459$2,765$2,191$1,723$1,346$993
22 years$3,267$2,581$2,019$1,566$1,206$875
23 years$3,092$2,414$1,864$1,426$1,083$771
24 years$2,932$2,262$1,724$1,301$973$681
25 years$2,784$2,122$1,597$1,188$876$601
26 years$2,649$1,995$1,481$1,086$789$532
27 years$2,523$1,877$1,375$994$711$470
28 years$2,407$1,769$1,279$911$642$416
29 years$2,299$1,669$1,190$835$579$369
30 years$2,198$1,576$1,108$767$524$327
31 years$2,104$1,490$1,033$704$473$290
32 years$2,017$1,410$964$647$428$257
33 years$1,934$1,335$900$595$387$228
34 years$1,857$1,265$841$548$351$202
35 years$1,784$1,200$786$504$318$180
36 years$1,715$1,139$736$464$288$160
37 years$1,651$1,082$688$428$261$142
38 years$1,589$1,028$645$394$237$126
39 years$1,531$978$604$364$215$112
40 years$1,477$930$566$335$195$99
41 years$1,424$885$531$309$177$88
42 years$1,375$843$498$285$160$79
43 years$1,328$803$467$264$145$70
44 years$1,283$766$439$243$132$62
45 years$1,241$730$412$225$120$55
46 years$1,200$697$387$208$109$49
47 years$1,161$665$363$192$99$44
48 years$1,124$635$341$177$90$39
49 years$1,088$606$321$164$81$35
50 years$1,054$579$302$151$74$31

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 $6,170 every year, while hoping to spend $53,929 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: 57/37/6 Blend
50$1,080,000$1,080,000$1,080,000$1,080,000
51$1,196,524$1,139,284$1,122,544$1,262,886
52$1,261,190$1,137,729$1,102,770$1,306,665
53$1,330,644$1,134,290$1,080,525$1,347,719
54$1,405,317$1,128,819$1,055,670$1,391,106
55$1,485,685$1,121,156$1,028,060$1,437,052
56$1,572,266$1,111,134$997,542$1,485,810
57$1,665,632$1,098,574$963,954$1,537,660
58$1,766,411$1,083,289$927,131$1,592,912
59$1,875,292$1,065,077$886,897$1,651,912
60$1,993,033$1,043,728$843,070$1,715,041
61$2,120,468$1,019,015$795,458$1,782,725
62$2,258,511$990,703$743,861$1,855,434
63$2,408,170$958,538$688,072$1,933,690
64$2,570,552$922,255$627,870$2,018,072
65$2,746,874$881,572$563,030$2,109,222
66$2,938,477$836,190$493,313$2,207,849
67$3,146,832$785,794$418,470$2,314,743
68$3,373,562$730,051$338,241$2,430,776
69$3,620,449$668,607$252,356$2,556,914
70$3,889,457$601,090$160,532$2,694,229
71$4,182,744$527,107$62,473$2,843,906
72$4,502,689$446,240$0$3,007,258
73$4,851,907$358,049$0$3,188,437
74$5,233,278$262,071$0$3,390,796
75$5,649,974$157,813$0$3,612,132
76$6,105,483$44,758$0$3,854,436
77$6,603,650$0$0$4,119,909
78$7,148,705$0$0$4,442,597
79$7,745,308$0$0$4,815,842
80$8,398,588$0$0$5,224,641
81$9,114,196$0$0$5,672,541
82$9,898,352$0$0$6,163,448
83$10,757,909$0$0$6,701,666
84$11,700,414$0$0$7,291,934
85$12,734,178$0$0$7,939,469
86$13,868,357$0$0$8,650,021
87$15,113,033$0$0$9,429,923
88$16,479,314$0$0$10,286,148
89$17,979,436$0$0$11,226,382
90$19,626,875$0$0$12,259,088
91$21,436,481$0$0$13,393,589
92$23,424,607$0$0$14,640,157
93$25,609,273$0$0$16,010,110
94$28,010,328$0$0$17,515,911
95$30,649,642$0$0$19,171,297
96$33,551,306$0$0$20,991,398
97$36,741,866$0$0$22,992,886
98$40,250,565$0$0$25,194,126
99$44,109,624$0$0$27,615,356
100$48,354,542$0$0$30,278,872