Can I retire at age 51 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$91,663$90,846$90,050$89,272$88,513$85,068
2 years$45,378$44,532$43,713$42,919$42,149$38,720
3 years$29,951$29,102$28,285$27,499$26,741$23,436
4 years$22,240$21,393$20,585$19,811$19,072$15,916
5 years$17,614$16,773$15,974$15,217$14,498$11,499
6 years$14,531$13,696$12,910$12,169$11,472$8,632
7 years$12,330$11,502$10,728$10,005$9,330$6,648
8 years$10,680$9,859$9,098$8,393$7,740$5,213
9 years$9,397$8,584$7,836$7,149$6,518$4,143
10 years$8,371$7,567$6,832$6,162$5,554$3,326
11 years$7,533$6,736$6,015$5,363$4,776$2,691
12 years$6,834$6,046$5,338$4,704$4,139$2,190
13 years$6,244$5,464$4,769$4,153$3,609$1,791
14 years$5,738$4,966$4,285$3,687$3,164$1,470
15 years$5,300$4,537$3,869$3,288$2,786$1,211
16 years$4,918$4,163$3,508$2,944$2,462$1,000
17 years$4,580$3,834$3,192$2,645$2,183$827
18 years$4,281$3,542$2,914$2,384$1,941$685
19 years$4,013$3,283$2,667$2,154$1,730$569
20 years$3,773$3,051$2,448$1,951$1,545$473
21 years$3,555$2,842$2,252$1,770$1,383$393
22 years$3,358$2,653$2,075$1,610$1,240$327
23 years$3,178$2,481$1,916$1,466$1,113$272
24 years$3,013$2,324$1,772$1,337$1,000$227
25 years$2,862$2,181$1,641$1,221$900$189
26 years$2,722$2,050$1,522$1,117$811$158
27 years$2,593$1,929$1,414$1,022$731$132
28 years$2,474$1,818$1,314$936$660$110
29 years$2,363$1,715$1,223$859$596$92
30 years$2,259$1,620$1,139$788$538$76
31 years$2,163$1,531$1,062$724$486$64
32 years$2,073$1,449$991$665$440$53
33 years$1,988$1,372$925$612$398$44
34 years$1,908$1,300$864$563$361$37
35 years$1,833$1,233$808$518$327$31
36 years$1,763$1,171$756$477$296$26
37 years$1,696$1,112$708$440$268$22
38 years$1,633$1,057$663$405$243$18
39 years$1,574$1,005$621$374$220$15
40 years$1,518$956$582$345$200$13
41 years$1,464$910$546$318$181$11
42 years$1,413$867$512$293$165$9
43 years$1,365$826$480$271$149$7
44 years$1,319$787$451$250$136$6
45 years$1,275$751$423$231$123$5
46 years$1,233$716$398$213$112$4
47 years$1,193$683$373$197$102$4
48 years$1,155$652$351$182$92$3
49 years$1,119$623$330$168$84$2
50 years$1,084$595$310$156$76$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,110,000, adding $4,387 every year, while hoping to spend $49,176 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: 55/38/7 Blend
50$1,110,000$1,110,000$1,110,000$1,110,000
51$1,227,745$1,168,915$1,151,710$1,293,061
52$1,300,652$1,173,869$1,137,970$1,342,612
53$1,379,348$1,177,418$1,122,121$1,390,704
54$1,464,370$1,179,440$1,104,040$1,441,865
55$1,556,311$1,179,808$1,083,601$1,496,394
56$1,655,821$1,178,385$1,060,668$1,554,620
57$1,763,615$1,175,026$1,035,101$1,616,909
58$1,880,480$1,169,578$1,006,753$1,683,667
59$2,007,280$1,161,878$975,469$1,755,340
60$2,144,965$1,151,753$941,090$1,832,426
61$2,294,582$1,139,019$903,447$1,915,472
62$2,457,281$1,123,483$862,364$2,005,087
63$2,634,328$1,104,938$817,658$2,101,941
64$2,827,115$1,083,165$769,135$2,206,779
65$3,037,175$1,057,935$716,596$2,320,423
66$3,266,195$1,029,002$659,830$2,443,782
67$3,516,031$996,107$598,618$2,577,862
68$3,788,725$958,975$532,731$2,723,776
69$4,086,527$917,317$461,929$2,882,755
70$4,411,912$870,825$385,964$3,056,158
71$4,767,607$819,175$304,573$3,245,489
72$5,156,611$762,023$217,484$3,452,411
73$5,582,229$699,005$124,413$3,678,761
74$6,048,098$629,739$25,063$3,926,570
75$6,558,226$553,818$0$4,198,081
76$7,117,022$470,813$0$4,501,822
77$7,729,347$380,271$0$4,836,877
78$8,400,550$281,714$0$5,204,423
79$9,136,525$174,636$0$5,607,832
80$9,943,761$58,503$0$6,050,822
81$10,829,407$0$0$6,537,505
82$11,801,338$0$0$7,100,532
83$12,868,226$0$0$7,745,528
84$14,039,627$0$0$8,453,815
85$15,326,064$0$0$9,231,773
86$16,739,131$0$0$10,086,427
87$18,291,599$0$0$11,025,514
88$19,997,540$0$0$12,057,563
89$21,872,452$0$0$13,191,964
90$23,933,414$0$0$14,439,068
91$26,199,237$0$0$15,810,274
92$28,690,650$0$0$17,318,143
93$31,430,488$0$0$18,976,514
94$34,443,912$0$0$20,800,635
95$37,758,642$0$0$22,807,304
96$41,405,219$0$0$25,015,031
97$45,417,297$0$0$27,444,210
98$49,831,951$0$0$30,117,311
99$54,690,037$0$0$33,059,093
100$60,036,566$0$0$36,296,836