Can I retire at age 51 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$90,011$89,209$88,427$87,664$86,918$83,834
2 years$44,560$43,730$42,926$42,146$41,390$38,315
3 years$29,412$28,578$27,776$27,003$26,259$23,292
4 years$21,839$21,008$20,214$19,454$18,728$15,890
5 years$17,296$16,470$15,687$14,943$14,237$11,535
6 years$14,269$13,449$12,677$11,950$11,265$8,702
7 years$12,108$11,295$10,535$9,825$9,162$6,736
8 years$10,487$9,682$8,934$8,242$7,600$5,311
9 years$9,228$8,430$7,695$7,020$6,401$4,244
10 years$8,220$7,430$6,709$6,051$5,454$3,426
11 years$7,397$6,615$5,906$5,267$4,690$2,788
12 years$6,711$5,937$5,242$4,619$4,065$2,283
13 years$6,131$5,365$4,683$4,078$3,544$1,879
14 years$5,635$4,877$4,208$3,620$3,107$1,552
15 years$5,205$4,455$3,799$3,229$2,736$1,286
16 years$4,829$4,088$3,444$2,891$2,418$1,069
17 years$4,498$3,765$3,134$2,597$2,144$890
18 years$4,204$3,479$2,861$2,341$1,906$743
19 years$3,941$3,224$2,619$2,115$1,699$621
20 years$3,705$2,996$2,404$1,916$1,518$519
21 years$3,491$2,790$2,211$1,739$1,358$435
22 years$3,297$2,605$2,038$1,581$1,217$364
23 years$3,121$2,436$1,882$1,440$1,093$306
24 years$2,959$2,283$1,740$1,313$982$256
25 years$2,810$2,142$1,612$1,199$884$215
26 years$2,673$2,013$1,495$1,096$796$181
27 years$2,547$1,895$1,388$1,004$718$152
28 years$2,429$1,785$1,290$919$648$128
29 years$2,320$1,684$1,201$843$585$107
30 years$2,219$1,591$1,119$774$528$90
31 years$2,124$1,504$1,043$711$478$76
32 years$2,035$1,423$973$653$432$64
33 years$1,952$1,347$908$601$391$54
34 years$1,874$1,277$849$553$354$45
35 years$1,800$1,211$794$509$321$38
36 years$1,731$1,150$742$469$291$32
37 years$1,666$1,092$695$432$263$27
38 years$1,604$1,038$651$398$239$23
39 years$1,546$987$610$367$217$19
40 years$1,490$939$571$338$196$16
41 years$1,438$894$536$312$178$14
42 years$1,388$851$503$288$162$11
43 years$1,340$811$472$266$147$10
44 years$1,295$773$443$246$133$8
45 years$1,252$737$416$227$121$7
46 years$1,211$703$390$210$110$6
47 years$1,172$671$367$194$100$5
48 years$1,134$641$345$179$91$4
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,090,000, adding $2,149 every year, while hoping to spend $48,852 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: 40/37/23 Blend
50$1,090,000$1,090,000$1,090,000$1,090,000
51$1,203,397$1,145,627$1,128,732$1,243,267
52$1,274,165$1,149,784$1,114,566$1,276,319
53$1,350,514$1,152,508$1,098,289$1,307,271
54$1,432,962$1,153,677$1,079,777$1,339,780
55$1,522,078$1,153,161$1,058,903$1,374,016
56$1,618,487$1,150,822$1,035,533$1,410,170
57$1,722,876$1,146,515$1,009,526$1,448,454
58$1,836,000$1,140,086$980,736$1,489,108
59$1,958,691$1,131,369$949,010$1,532,397
60$2,091,862$1,120,190$914,186$1,578,618
61$2,236,518$1,106,366$876,098$1,628,102
62$2,393,765$1,089,700$834,569$1,681,221
63$2,564,818$1,069,984$789,416$1,738,384
64$2,751,015$1,046,999$740,447$1,800,052
65$2,953,829$1,020,513$687,463$1,866,736
66$3,174,880$990,278$630,253$1,939,005
67$3,415,950$956,034$568,599$2,017,490
68$3,679,002$917,505$502,273$2,102,897
69$3,966,197$874,399$431,035$2,196,007
70$4,279,911$826,407$354,637$2,297,690
71$4,622,763$773,201$272,818$2,408,910
72$4,997,634$714,438$185,306$2,530,740
73$5,407,697$649,750$91,819$2,664,369
74$5,856,446$578,752$0$2,811,117
75$6,347,729$501,036$0$2,974,400
76$6,885,781$416,170$0$3,178,062
77$7,475,268$323,699$0$3,401,428
78$8,121,327$223,142$0$3,646,573
79$8,829,617$113,991$0$3,915,795
80$9,606,369$0$0$4,211,632
81$10,458,449$0$0$4,538,635
82$11,393,416$0$0$4,948,518
83$12,419,599$0$0$5,398,538
84$13,546,169$0$0$5,892,736
85$14,783,233$0$0$6,435,563
86$16,141,920$0$0$7,031,925
87$17,634,494$0$0$7,687,223
88$19,274,463$0$0$8,407,410
89$21,076,708$0$0$9,199,044
90$23,057,624$0$0$10,069,347
91$25,235,272$0$0$11,026,279
92$27,629,552$0$0$12,078,609
93$30,262,388$0$0$13,235,997
94$33,157,934$0$0$14,509,088
95$36,342,802$0$0$15,909,610
96$39,846,313$0$0$17,450,483
97$43,700,774$0$0$19,145,946
98$47,941,779$0$0$21,011,684
99$52,608,548$0$0$23,064,983
100$57,744,293$0$0$25,324,886