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%13.1%
1 years$91,663$90,846$90,050$89,272$88,513$87,371
2 years$45,378$44,532$43,713$42,919$42,149$41,000
3 years$29,951$29,102$28,285$27,499$26,741$25,621
4 years$22,240$21,393$20,585$19,811$19,072$17,989
5 years$17,614$16,773$15,974$15,217$14,498$13,456
6 years$14,531$13,696$12,910$12,169$11,472$10,471
7 years$12,330$11,502$10,728$10,005$9,330$8,371
8 years$10,680$9,859$9,098$8,393$7,740$6,824
9 years$9,397$8,584$7,836$7,149$6,518$5,644
10 years$8,371$7,567$6,832$6,162$5,554$4,720
11 years$7,533$6,736$6,015$5,363$4,776$3,983
12 years$6,834$6,046$5,338$4,704$4,139$3,385
13 years$6,244$5,464$4,769$4,153$3,609$2,894
14 years$5,738$4,966$4,285$3,687$3,164$2,486
15 years$5,300$4,537$3,869$3,288$2,786$2,144
16 years$4,918$4,163$3,508$2,944$2,462$1,856
17 years$4,580$3,834$3,192$2,645$2,183$1,610
18 years$4,281$3,542$2,914$2,384$1,941$1,401
19 years$4,013$3,283$2,667$2,154$1,730$1,221
20 years$3,773$3,051$2,448$1,951$1,545$1,067
21 years$3,555$2,842$2,252$1,770$1,383$933
22 years$3,358$2,653$2,075$1,610$1,240$817
23 years$3,178$2,481$1,916$1,466$1,113$717
24 years$3,013$2,324$1,772$1,337$1,000$629
25 years$2,862$2,181$1,641$1,221$900$553
26 years$2,722$2,050$1,522$1,117$811$486
27 years$2,593$1,929$1,414$1,022$731$428
28 years$2,474$1,818$1,314$936$660$376
29 years$2,363$1,715$1,223$859$596$332
30 years$2,259$1,620$1,139$788$538$292
31 years$2,163$1,531$1,062$724$486$258
32 years$2,073$1,449$991$665$440$227
33 years$1,988$1,372$925$612$398$200
34 years$1,908$1,300$864$563$361$177
35 years$1,833$1,233$808$518$327$156
36 years$1,763$1,171$756$477$296$138
37 years$1,696$1,112$708$440$268$122
38 years$1,633$1,057$663$405$243$107
39 years$1,574$1,005$621$374$220$95
40 years$1,518$956$582$345$200$84
41 years$1,464$910$546$318$181$74
42 years$1,413$867$512$293$165$65
43 years$1,365$826$480$271$149$58
44 years$1,319$787$451$250$136$51
45 years$1,275$751$423$231$123$45
46 years$1,233$716$398$213$112$40
47 years$1,193$683$373$197$102$35
48 years$1,155$652$351$182$92$31
49 years$1,119$623$330$168$84$28
50 years$1,084$595$310$156$76$24

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 $6,862 every year, while hoping to spend $37,577 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: 35/45/20 Blend
50$1,110,000$1,110,000$1,110,000$1,110,000
51$1,230,298$1,171,468$1,154,263$1,265,648
52$1,315,807$1,188,888$1,152,949$1,309,613
53$1,408,778$1,205,903$1,150,332$1,353,044
54$1,509,933$1,222,452$1,146,328$1,399,128
55$1,620,066$1,238,472$1,140,850$1,448,122
56$1,740,051$1,253,895$1,133,806$1,500,313
57$1,870,848$1,268,647$1,125,100$1,556,018
58$2,013,515$1,282,652$1,114,632$1,615,587
59$2,169,218$1,295,826$1,102,297$1,679,409
60$2,339,238$1,308,081$1,087,983$1,747,912
61$2,524,985$1,319,323$1,071,576$1,821,574
62$2,728,014$1,329,450$1,052,954$1,900,921
63$2,950,035$1,338,356$1,031,991$1,986,536
64$3,192,930$1,345,927$1,008,554$2,079,065
65$3,458,773$1,352,041$982,505$2,179,220
66$3,749,847$1,356,571$953,698$2,287,793
67$4,068,667$1,359,378$921,982$2,405,656
68$4,418,001$1,360,318$887,199$2,533,777
69$4,800,898$1,359,234$849,181$2,673,224
70$5,220,717$1,355,964$807,756$2,825,180
71$5,681,157$1,350,333$762,742$2,990,951
72$6,186,291$1,342,155$713,950$3,171,982
73$6,740,607$1,331,235$661,182$3,369,870
74$7,349,047$1,317,364$604,230$3,586,382
75$8,017,057$1,300,322$542,879$3,823,468
76$8,750,634$1,279,875$476,902$4,083,284
77$9,556,384$1,255,774$406,064$4,368,214
78$10,441,586$1,227,758$330,118$4,680,890
79$11,414,258$1,195,549$248,807$5,024,220
80$12,483,233$1,158,851$161,863$5,401,417
81$13,658,242$1,117,354$69,005$5,816,029
82$14,950,006$1,070,728$0$6,271,975
83$16,370,337$1,018,624$0$6,780,005
84$17,932,248$960,672$0$7,354,610
85$19,650,075$896,484$0$7,986,392
86$21,539,617$825,645$0$8,681,251
87$23,618,276$747,720$0$9,445,691
88$25,905,230$662,248$0$10,286,891
89$28,421,606$568,741$0$11,212,771
90$31,190,686$466,685$0$12,232,064
91$34,238,118$355,535$0$13,354,409
92$37,592,168$234,718$0$14,590,433
93$41,283,976$103,626$0$15,951,862
94$45,347,856$0$0$17,451,627
95$49,821,619$0$0$19,122,998
96$54,746,927$0$0$21,019,753
97$60,169,687$0$0$23,108,284
98$66,140,483$0$0$25,408,096
99$72,715,055$0$0$27,940,686
100$79,954,823$0$0$30,729,741