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%16.8%
1 years$90,011$89,209$88,427$87,664$86,918$84,509
2 years$44,560$43,730$42,926$42,146$41,390$38,980
3 years$29,412$28,578$27,776$27,003$26,259$23,925
4 years$21,839$21,008$20,214$19,454$18,728$16,487
5 years$17,296$16,470$15,687$14,943$14,237$12,096
6 years$14,269$13,449$12,677$11,950$11,265$9,225
7 years$12,108$11,295$10,535$9,825$9,162$7,223
8 years$10,487$9,682$8,934$8,242$7,600$5,763
9 years$9,228$8,430$7,695$7,020$6,401$4,662
10 years$8,220$7,430$6,709$6,051$5,454$3,811
11 years$7,397$6,615$5,906$5,267$4,690$3,142
12 years$6,711$5,937$5,242$4,619$4,065$2,607
13 years$6,131$5,365$4,683$4,078$3,544$2,174
14 years$5,635$4,877$4,208$3,620$3,107$1,822
15 years$5,205$4,455$3,799$3,229$2,736$1,531
16 years$4,829$4,088$3,444$2,891$2,418$1,291
17 years$4,498$3,765$3,134$2,597$2,144$1,091
18 years$4,204$3,479$2,861$2,341$1,906$924
19 years$3,941$3,224$2,619$2,115$1,699$784
20 years$3,705$2,996$2,404$1,916$1,518$666
21 years$3,491$2,790$2,211$1,739$1,358$566
22 years$3,297$2,605$2,038$1,581$1,217$482
23 years$3,121$2,436$1,882$1,440$1,093$411
24 years$2,959$2,283$1,740$1,313$982$350
25 years$2,810$2,142$1,612$1,199$884$299
26 years$2,673$2,013$1,495$1,096$796$255
27 years$2,547$1,895$1,388$1,004$718$218
28 years$2,429$1,785$1,290$919$648$186
29 years$2,320$1,684$1,201$843$585$159
30 years$2,219$1,591$1,119$774$528$136
31 years$2,124$1,504$1,043$711$478$116
32 years$2,035$1,423$973$653$432$99
33 years$1,952$1,347$908$601$391$85
34 years$1,874$1,277$849$553$354$73
35 years$1,800$1,211$794$509$321$62
36 years$1,731$1,150$742$469$291$53
37 years$1,666$1,092$695$432$263$46
38 years$1,604$1,038$651$398$239$39
39 years$1,546$987$610$367$217$33
40 years$1,490$939$571$338$196$29
41 years$1,438$894$536$312$178$24
42 years$1,388$851$503$288$162$21
43 years$1,340$811$472$266$147$18
44 years$1,295$773$443$246$133$15
45 years$1,252$737$416$227$121$13
46 years$1,211$703$390$210$110$11
47 years$1,172$671$367$194$100$10
48 years$1,134$641$345$179$91$8
49 years$1,098$612$324$165$82$7
50 years$1,064$584$305$153$75$6

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 $4,596 every year, while hoping to spend $51,902 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: 51/33/16 Blend
50$1,090,000$1,090,000$1,090,000$1,090,000
51$1,205,921$1,148,151$1,131,256$1,261,923
52$1,273,701$1,149,187$1,113,930$1,301,921
53$1,346,656$1,148,534$1,094,283$1,339,576
54$1,425,258$1,146,055$1,072,185$1,379,371
55$1,510,026$1,141,604$1,047,495$1,421,525
56$1,601,531$1,135,025$1,020,069$1,466,281
57$1,700,401$1,126,155$989,754$1,513,909
58$1,807,324$1,114,819$956,393$1,564,711
59$1,923,058$1,100,832$919,819$1,619,020
60$2,048,436$1,083,998$879,859$1,677,208
61$2,184,372$1,064,110$836,330$1,739,689
62$2,331,875$1,040,948$789,044$1,806,920
63$2,492,051$1,014,279$737,801$1,879,411
64$2,666,118$983,856$682,396$1,957,727
65$2,855,415$949,419$622,610$2,042,494
66$3,061,418$910,691$558,218$2,134,409
67$3,285,748$867,380$488,983$2,234,243
68$3,530,190$819,177$414,659$2,342,851
69$3,796,707$765,755$334,988$2,461,182
70$4,087,462$706,767$249,701$2,590,286
71$4,404,834$641,850$158,517$2,731,328
72$4,751,442$570,615$61,142$2,885,598
73$5,130,169$492,656$0$3,054,525
74$5,544,190$407,540$0$3,246,993
75$5,997,000$314,812$0$3,469,066
76$6,492,446$213,990$0$3,712,289
77$7,034,766$104,566$0$3,978,868
78$7,628,626$0$0$4,271,239
79$8,279,163$0$0$4,597,177
80$8,992,036$0$0$4,996,065
81$9,773,477$0$0$5,433,435
82$10,630,349$0$0$5,913,141
83$11,570,210$0$0$6,439,431
84$12,601,388$0$0$7,016,981
85$13,733,054$0$0$7,650,944
86$14,975,308$0$0$8,346,995
87$16,339,279$0$0$9,111,387
88$17,837,224$0$0$9,951,006
89$19,482,647$0$0$10,873,440
90$21,290,423$0$0$11,887,046
91$23,276,939$0$0$13,001,032
92$25,460,249$0$0$14,225,542
93$27,860,242$0$0$15,571,752
94$30,498,831$0$0$17,051,974
95$33,400,156$0$0$18,679,774
96$36,590,815$0$0$20,470,097
97$40,100,112$0$0$22,439,410
98$43,960,334$0$0$24,605,857
99$48,207,055$0$0$26,989,425
100$52,879,468$0$0$29,612,142