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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$90,837$90,028$89,238$88,468$87,716$84,671
2 years$44,969$44,131$43,320$42,533$41,769$38,733
3 years$29,681$28,840$28,031$27,251$26,500$23,568
4 years$22,039$21,201$20,399$19,633$18,900$16,095
5 years$17,455$16,622$15,831$15,080$14,368$11,696
6 years$14,400$13,573$12,793$12,060$11,369$8,833
7 years$12,219$11,398$10,631$9,915$9,246$6,845
8 years$10,583$9,771$9,016$8,317$7,670$5,404
9 years$9,312$8,507$7,766$7,084$6,459$4,323
10 years$8,296$7,499$6,770$6,107$5,504$3,495
11 years$7,465$6,675$5,960$5,315$4,733$2,848
12 years$6,773$5,992$5,290$4,662$4,102$2,335
13 years$6,188$5,415$4,726$4,116$3,577$1,924
14 years$5,687$4,922$4,246$3,653$3,135$1,592
15 years$5,253$4,496$3,834$3,258$2,761$1,321
16 years$4,873$4,125$3,476$2,917$2,440$1,100
17 years$4,539$3,799$3,163$2,621$2,163$917
18 years$4,242$3,510$2,887$2,362$1,924$766
19 years$3,977$3,253$2,643$2,135$1,715$641
20 years$3,739$3,023$2,426$1,933$1,531$537
21 years$3,523$2,816$2,231$1,755$1,371$451
22 years$3,327$2,629$2,057$1,595$1,228$378
23 years$3,149$2,459$1,899$1,453$1,103$318
24 years$2,986$2,304$1,756$1,325$991$267
25 years$2,836$2,162$1,627$1,210$892$225
26 years$2,698$2,032$1,509$1,106$803$189
27 years$2,570$1,912$1,401$1,013$724$159
28 years$2,452$1,802$1,302$928$654$134
29 years$2,342$1,700$1,212$851$590$113
30 years$2,239$1,605$1,129$781$533$95
31 years$2,143$1,517$1,052$717$482$80
32 years$2,054$1,436$982$659$436$67
33 years$1,970$1,360$917$606$395$57
34 years$1,891$1,289$857$558$357$48
35 years$1,817$1,222$801$513$324$40
36 years$1,747$1,160$749$473$293$34
37 years$1,681$1,102$701$436$266$29
38 years$1,619$1,047$657$402$241$24
39 years$1,560$996$615$370$218$20
40 years$1,504$947$577$342$198$17
41 years$1,451$902$541$315$180$14
42 years$1,400$859$507$291$163$12
43 years$1,353$818$476$268$148$10
44 years$1,307$780$447$248$134$9
45 years$1,264$744$419$229$122$7
46 years$1,222$710$394$211$111$6
47 years$1,183$677$370$195$101$5
48 years$1,145$646$348$180$91$4
49 years$1,109$617$327$167$83$4
50 years$1,074$590$307$154$75$3

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 $6,485 every year, while hoping to spend $36,292 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: 35/41/24 Blend
50$1,100,000$1,100,000$1,100,000$1,100,000
51$1,218,889$1,160,589$1,143,539$1,252,500
52$1,304,602$1,178,844$1,143,233$1,296,226
53$1,397,840$1,196,776$1,141,701$1,339,598
54$1,499,334$1,214,333$1,138,863$1,385,672
55$1,609,887$1,231,456$1,134,635$1,434,710
56$1,730,381$1,248,082$1,128,931$1,487,006
57$1,861,788$1,264,147$1,121,658$1,542,883
58$2,005,178$1,279,578$1,112,722$1,602,699
59$2,161,730$1,294,300$1,102,021$1,666,852
60$2,332,738$1,308,233$1,089,450$1,735,781
61$2,519,630$1,321,289$1,074,899$1,809,971
62$2,723,977$1,333,377$1,058,253$1,889,960
63$2,947,508$1,344,398$1,039,391$1,976,344
64$3,192,129$1,354,249$1,018,186$2,069,780
65$3,459,937$1,362,818$994,505$2,170,998
66$3,753,241$1,369,986$968,211$2,280,802
67$4,074,584$1,375,627$939,159$2,400,084
68$4,426,767$1,379,609$907,196$2,529,829
69$4,812,874$1,381,787$872,165$2,671,126
70$5,236,304$1,382,011$833,899$2,825,180
71$5,700,799$1,380,121$792,226$2,993,321
72$6,210,478$1,375,945$746,964$3,177,022
73$6,769,884$1,369,303$697,924$3,377,908
74$7,384,016$1,360,003$644,908$3,597,778
75$8,058,383$1,347,840$587,709$3,838,616
76$8,799,052$1,332,599$526,113$4,102,618
77$9,612,710$1,314,051$459,892$4,392,206
78$10,506,720$1,291,953$388,811$4,710,059
79$11,489,194$1,266,048$312,626$5,059,135
80$12,569,071$1,236,063$231,077$5,442,699
81$13,756,196$1,201,710$143,899$5,864,360
82$15,061,418$1,162,684$50,809$6,328,100
83$16,496,689$1,118,661$0$6,838,319
84$18,075,176$1,069,301$0$7,412,301
85$19,811,387$1,014,239$0$8,057,672
86$21,721,307$953,095$0$8,767,407
87$23,822,547$885,464$0$9,548,124
88$26,134,512$810,917$0$10,407,124
89$28,678,583$729,002$0$11,352,457
90$31,478,317$639,242$0$12,393,003
91$34,559,671$541,130$0$13,538,557
92$37,951,246$434,134$0$14,799,918
93$41,684,555$317,689$0$16,188,999
94$45,794,325$191,201$0$17,718,937
95$50,318,816$54,040$0$19,404,217
96$55,300,190$0$0$21,260,815
97$60,784,902$0$0$23,348,963
98$66,824,145$0$0$25,675,282
99$73,474,324$0$0$28,237,144
100$80,797,596$0$0$31,058,521