Can I retire at age 51 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$92,489$91,665$90,861$90,076$89,310$86,073
2 years$45,786$44,934$44,107$43,306$42,529$39,303
3 years$30,221$29,365$28,540$27,747$26,982$23,869
4 years$22,440$21,586$20,770$19,990$19,244$16,267
5 years$17,772$16,924$16,118$15,354$14,629$11,796
6 years$14,662$13,820$13,026$12,279$11,575$8,889
7 years$12,441$11,606$10,825$10,095$9,414$6,873
8 years$10,776$9,948$9,180$8,469$7,810$5,413
9 years$9,482$8,662$7,907$7,213$6,577$4,320
10 years$8,447$7,635$6,893$6,218$5,604$3,483
11 years$7,601$6,797$6,069$5,411$4,819$2,831
12 years$6,896$6,100$5,386$4,747$4,176$2,315
13 years$6,300$5,513$4,812$4,191$3,642$1,902
14 years$5,790$5,011$4,324$3,720$3,193$1,570
15 years$5,348$4,578$3,904$3,317$2,811$1,299
16 years$4,962$4,200$3,539$2,970$2,484$1,078
17 years$4,622$3,868$3,221$2,669$2,203$896
18 years$4,319$3,574$2,940$2,405$1,959$747
19 years$4,049$3,313$2,691$2,173$1,746$623
20 years$3,807$3,078$2,470$1,968$1,559$520
21 years$3,587$2,867$2,272$1,786$1,395$435
22 years$3,388$2,677$2,094$1,624$1,251$364
23 years$3,206$2,503$1,933$1,479$1,123$305
24 years$3,040$2,345$1,788$1,349$1,009$255
25 years$2,888$2,201$1,656$1,232$908$214
26 years$2,747$2,069$1,536$1,127$818$180
27 years$2,617$1,947$1,426$1,031$737$151
28 years$2,496$1,834$1,326$945$665$126
29 years$2,384$1,731$1,234$866$601$106
30 years$2,280$1,634$1,149$795$543$89
31 years$2,182$1,545$1,071$730$491$75
32 years$2,091$1,462$1,000$671$444$63
33 years$2,006$1,384$933$617$402$53
34 years$1,925$1,312$872$568$364$44
35 years$1,850$1,245$815$523$330$37
36 years$1,779$1,181$763$481$299$31
37 years$1,712$1,122$714$444$271$26
38 years$1,648$1,066$669$409$245$22
39 years$1,588$1,014$626$377$222$19
40 years$1,531$965$587$348$202$16
41 years$1,477$918$551$321$183$13
42 years$1,426$874$516$296$166$11
43 years$1,377$833$485$273$151$9
44 years$1,331$794$455$252$137$8
45 years$1,286$757$427$233$124$7
46 years$1,244$723$401$215$113$5
47 years$1,204$689$377$199$102$5
48 years$1,166$658$354$184$93$4
49 years$1,129$629$333$170$84$3
50 years$1,094$600$313$157$77$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,120,000, adding $4,706 every year, while hoping to spend $45,320 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: 78/8/14 Blend
50$1,120,000$1,120,000$1,120,000$1,120,000
51$1,239,094$1,179,734$1,162,374$1,331,835
52$1,317,262$1,189,321$1,153,094$1,403,166
53$1,401,883$1,197,859$1,141,983$1,475,146
54$1,493,570$1,205,248$1,128,934$1,552,826
55$1,592,992$1,211,383$1,113,831$1,636,758
56$1,700,888$1,216,152$1,096,555$1,727,548
57$1,818,070$1,219,435$1,076,981$1,825,868
58$1,945,431$1,221,105$1,054,978$1,932,455
59$2,083,953$1,221,027$1,030,408$2,048,123
60$2,234,717$1,219,058$1,003,127$2,173,768
61$2,398,912$1,215,046$972,986$2,310,377
62$2,577,847$1,208,830$939,828$2,459,041
63$2,772,963$1,200,237$903,487$2,620,958
64$2,985,844$1,189,088$863,792$2,797,451
65$3,218,234$1,175,188$820,564$2,989,977
66$3,472,056$1,158,333$773,614$3,200,145
67$3,749,422$1,138,308$722,747$3,429,724
68$4,052,661$1,114,883$667,757$3,680,667
69$4,384,336$1,087,816$608,430$3,955,126
70$4,747,268$1,056,849$544,542$4,255,472
71$5,144,564$1,021,709$475,860$4,584,320
72$5,579,647$982,110$402,138$4,944,551
73$6,056,283$937,746$323,122$5,339,342
74$6,578,624$888,295$238,546$5,772,194
75$7,151,237$833,416$148,132$6,246,967
76$7,779,158$772,748$51,589$6,767,916
77$8,467,929$705,909$0$7,339,730
78$9,223,657$632,498$0$7,975,261
79$10,053,066$552,087$0$8,681,248
80$10,963,567$464,227$0$9,456,307
81$11,963,318$368,442$0$10,307,410
82$13,061,311$264,229$0$11,242,244
83$14,267,448$151,059$0$12,269,276
84$15,592,637$28,371$0$13,397,835
85$17,048,898$0$0$14,638,203
86$18,649,471$0$0$16,010,901
87$20,408,943$0$0$17,522,659
88$22,343,383$0$0$19,184,795
89$24,470,496$0$0$21,012,525
90$26,809,791$0$0$23,022,617
91$29,382,757$0$0$25,233,543
92$32,213,074$0$0$27,665,655
93$35,326,832$0$0$30,341,380
94$38,752,776$0$0$33,285,423
95$42,522,579$0$0$36,525,010
96$46,671,137$0$0$40,090,135
97$51,236,903$0$0$44,013,850
98$56,262,244$0$0$48,332,571
99$61,793,844$0$0$53,086,425
100$67,883,142$0$0$58,319,626