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%11.9%
1 years$90,011$89,209$88,427$87,664$86,918$86,226
2 years$44,560$43,730$42,926$42,146$41,390$40,692
3 years$29,412$28,578$27,776$27,003$26,259$25,578
4 years$21,839$21,008$20,214$19,454$18,728$18,068
5 years$17,296$16,470$15,687$14,943$14,237$13,600
6 years$14,269$13,449$12,677$11,950$11,265$10,652
7 years$12,108$11,295$10,535$9,825$9,162$8,573
8 years$10,487$9,682$8,934$8,242$7,600$7,036
9 years$9,228$8,430$7,695$7,020$6,401$5,860
10 years$8,220$7,430$6,709$6,051$5,454$4,937
11 years$7,397$6,615$5,906$5,267$4,690$4,197
12 years$6,711$5,937$5,242$4,619$4,065$3,595
13 years$6,131$5,365$4,683$4,078$3,544$3,097
14 years$5,635$4,877$4,208$3,620$3,107$2,682
15 years$5,205$4,455$3,799$3,229$2,736$2,332
16 years$4,829$4,088$3,444$2,891$2,418$2,035
17 years$4,498$3,765$3,134$2,597$2,144$1,781
18 years$4,204$3,479$2,861$2,341$1,906$1,562
19 years$3,941$3,224$2,619$2,115$1,699$1,374
20 years$3,705$2,996$2,404$1,916$1,518$1,211
21 years$3,491$2,790$2,211$1,739$1,358$1,068
22 years$3,297$2,605$2,038$1,581$1,217$944
23 years$3,121$2,436$1,882$1,440$1,093$836
24 years$2,959$2,283$1,740$1,313$982$741
25 years$2,810$2,142$1,612$1,199$884$657
26 years$2,673$2,013$1,495$1,096$796$583
27 years$2,547$1,895$1,388$1,004$718$518
28 years$2,429$1,785$1,290$919$648$460
29 years$2,320$1,684$1,201$843$585$409
30 years$2,219$1,591$1,119$774$528$364
31 years$2,124$1,504$1,043$711$478$324
32 years$2,035$1,423$973$653$432$289
33 years$1,952$1,347$908$601$391$257
34 years$1,874$1,277$849$553$354$229
35 years$1,800$1,211$794$509$321$205
36 years$1,731$1,150$742$469$291$182
37 years$1,666$1,092$695$432$263$163
38 years$1,604$1,038$651$398$239$145
39 years$1,546$987$610$367$217$129
40 years$1,490$939$571$338$196$116
41 years$1,438$894$536$312$178$103
42 years$1,388$851$503$288$162$92
43 years$1,340$811$472$266$147$82
44 years$1,295$773$443$246$133$73
45 years$1,252$737$416$227$121$66
46 years$1,211$703$390$210$110$59
47 years$1,172$671$367$194$100$52
48 years$1,134$641$345$179$91$47
49 years$1,098$612$324$165$82$42
50 years$1,064$584$305$153$75$37

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 $3,749 every year, while hoping to spend $23,040 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: 43/28/29 Blend
50$1,090,000$1,090,000$1,090,000$1,090,000
51$1,205,047$1,147,277$1,130,382$1,246,534
52$1,303,448$1,178,979$1,143,736$1,308,386
53$1,411,113$1,211,463$1,156,764$1,372,902
54$1,528,963$1,244,741$1,169,433$1,442,372
55$1,658,012$1,278,829$1,181,704$1,517,268
56$1,799,377$1,313,739$1,193,539$1,598,114
57$1,954,288$1,349,486$1,204,896$1,685,481
58$2,124,097$1,386,083$1,215,732$1,780,005
59$2,310,296$1,423,542$1,226,000$1,882,380
60$2,514,529$1,461,878$1,235,654$1,993,376
61$2,738,603$1,501,103$1,244,641$2,113,837
62$2,984,513$1,541,229$1,252,908$2,244,696
63$3,254,452$1,582,268$1,260,399$2,386,979
64$3,550,838$1,624,232$1,267,055$2,541,819
65$3,876,336$1,667,131$1,272,814$2,710,461
66$4,233,879$1,710,977$1,277,610$2,894,280
67$4,626,699$1,755,780$1,281,374$3,094,789
68$5,058,358$1,801,548$1,284,035$3,313,658
69$5,532,777$1,848,290$1,285,517$3,552,725
70$6,054,278$1,896,015$1,285,740$3,814,016
71$6,627,623$1,944,728$1,284,621$4,099,765
72$7,258,057$1,994,436$1,282,072$4,412,433
73$7,951,360$2,045,145$1,278,003$4,754,732
74$8,713,899$2,096,856$1,272,315$5,129,653
75$9,552,688$2,149,574$1,264,910$5,540,489
76$10,475,459$2,203,300$1,255,681$5,990,873
77$11,490,726$2,258,032$1,244,516$6,484,807
78$12,607,874$2,313,769$1,231,302$7,026,702
79$13,837,241$2,370,508$1,215,914$7,621,420
80$15,190,220$2,428,243$1,198,228$8,274,320
81$16,679,363$2,486,967$1,178,109$8,991,307
82$18,318,500$2,546,671$1,155,417$9,778,891
83$20,122,871$2,607,342$1,130,007$10,644,247
84$22,109,268$2,668,965$1,101,727$11,595,281
85$24,296,194$2,731,526$1,070,416$12,640,709
86$26,704,038$2,795,003$1,035,907$13,790,136
87$29,355,265$2,859,373$998,025$15,054,149
88$32,274,631$2,924,612$956,588$16,444,416
89$35,489,414$2,990,688$911,404$17,973,797
90$39,029,672$3,057,570$862,274$19,656,467
91$42,928,527$3,125,219$808,989$21,508,047
92$47,222,477$3,193,595$751,330$23,545,755
93$51,951,740$3,262,651$689,070$25,788,566
94$57,160,634$3,332,338$621,970$28,257,395
95$62,897,994$3,402,597$549,781$30,975,292
96$69,217,634$3,473,370$472,244$33,967,662
97$76,178,855$3,544,587$389,087$37,262,504
98$83,847,003$3,616,177$300,026$40,890,677
99$92,294,086$3,688,058$204,766$44,886,190
100$101,599,455$3,760,145$102,997$49,286,527