Can I retire at age 51 with 1,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$90,837$90,028$89,238$88,468$87,716$87,090
2 years$44,969$44,131$43,320$42,533$41,769$41,138
3 years$29,681$28,840$28,031$27,251$26,500$25,883
4 years$22,039$21,201$20,399$19,633$18,900$18,302
5 years$17,455$16,622$15,831$15,080$14,368$13,791
6 years$14,400$13,573$12,793$12,060$11,369$10,813
7 years$12,219$11,398$10,631$9,915$9,246$8,712
8 years$10,583$9,771$9,016$8,317$7,670$7,159
9 years$9,312$8,507$7,766$7,084$6,459$5,969
10 years$8,296$7,499$6,770$6,107$5,504$5,035
11 years$7,465$6,675$5,960$5,315$4,733$4,286
12 years$6,773$5,992$5,290$4,662$4,102$3,675
13 years$6,188$5,415$4,726$4,116$3,577$3,170
14 years$5,687$4,922$4,246$3,653$3,135$2,749
15 years$5,253$4,496$3,834$3,258$2,761$2,393
16 years$4,873$4,125$3,476$2,917$2,440$2,091
17 years$4,539$3,799$3,163$2,621$2,163$1,833
18 years$4,242$3,510$2,887$2,362$1,924$1,610
19 years$3,977$3,253$2,643$2,135$1,715$1,418
20 years$3,739$3,023$2,426$1,933$1,531$1,251
21 years$3,523$2,816$2,231$1,755$1,371$1,106
22 years$3,327$2,629$2,057$1,595$1,228$979
23 years$3,149$2,459$1,899$1,453$1,103$868
24 years$2,986$2,304$1,756$1,325$991$770
25 years$2,836$2,162$1,627$1,210$892$684
26 years$2,698$2,032$1,509$1,106$803$608
27 years$2,570$1,912$1,401$1,013$724$541
28 years$2,452$1,802$1,302$928$654$482
29 years$2,342$1,700$1,212$851$590$429
30 years$2,239$1,605$1,129$781$533$382
31 years$2,143$1,517$1,052$717$482$341
32 years$2,054$1,436$982$659$436$304
33 years$1,970$1,360$917$606$395$272
34 years$1,891$1,289$857$558$357$242
35 years$1,817$1,222$801$513$324$216
36 years$1,747$1,160$749$473$293$193
37 years$1,681$1,102$701$436$266$173
38 years$1,619$1,047$657$402$241$154
39 years$1,560$996$615$370$218$138
40 years$1,504$947$577$342$198$123
41 years$1,451$902$541$315$180$110
42 years$1,400$859$507$291$163$99
43 years$1,353$818$476$268$148$88
44 years$1,307$780$447$248$134$79
45 years$1,264$744$419$229$122$71
46 years$1,222$710$394$211$111$63
47 years$1,183$677$370$195$101$57
48 years$1,145$646$348$180$91$51
49 years$1,109$617$327$167$83$45
50 years$1,074$590$307$154$75$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,100,000, adding $5,106 every year, while hoping to spend $57,309 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: 36/50/14 Blend
50$1,100,000$1,100,000$1,100,000$1,100,000
51$1,217,467$1,159,167$1,142,117$1,255,882
52$1,280,672$1,154,990$1,119,401$1,279,845
53$1,348,404$1,148,687$1,094,004$1,299,862
54$1,421,062$1,140,094$1,065,775$1,320,227
55$1,499,089$1,129,037$1,034,557$1,340,999
56$1,582,966$1,115,330$1,000,184$1,362,251
57$1,673,224$1,098,776$962,486$1,384,065
58$1,770,445$1,079,169$921,282$1,406,536
59$1,875,270$1,056,287$876,384$1,429,777
60$1,988,400$1,029,898$827,595$1,453,915
61$2,110,607$999,754$774,710$1,479,097
62$2,242,741$965,593$717,515$1,505,491
63$2,385,733$927,140$655,784$1,533,291
64$2,540,608$884,100$589,283$1,562,715
65$2,708,494$836,165$517,768$1,594,013
66$2,890,630$783,007$440,983$1,627,468
67$3,088,379$724,279$358,660$1,663,400
68$3,303,239$659,614$270,521$1,702,172
69$3,536,861$588,626$176,275$1,744,192
70$3,791,057$510,906$75,617$1,789,923
71$4,067,825$426,020$0$1,839,883
72$4,369,361$333,513$0$1,899,408
73$4,698,081$232,901$0$1,976,766
74$5,056,648$123,675$0$2,061,437
75$5,447,988$5,297$0$2,154,300
76$5,875,324$0$0$2,256,337
77$6,342,206$0$0$2,436,205
78$6,852,539$0$0$2,636,148
79$7,410,624$0$0$2,854,957
80$8,021,197$0$0$3,094,506
81$8,689,470$0$0$3,356,862
82$9,421,186$0$0$3,644,300
83$10,222,666$0$0$3,959,325
84$11,100,874$0$0$4,304,697
85$12,063,477$0$0$4,683,455
86$13,118,921$0$0$5,098,946
87$14,276,506$0$0$5,554,857
88$15,546,478$0$0$6,055,249
89$16,940,121$0$0$6,604,596
90$18,469,864$0$0$7,207,825
91$20,149,399$0$0$7,870,365
92$21,993,809$0$0$8,598,195
93$24,019,707$0$0$9,397,903
94$26,245,397$0$0$10,276,746
95$28,691,041$0$0$11,242,719
96$31,378,852$0$0$12,304,630
97$34,333,301$0$0$13,472,183
98$37,581,349$0$0$14,756,071
99$41,152,698$0$0$16,168,070
100$45,080,074$0$0$17,721,161