Can I retire at age 51 with 1,130,000?

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 $1,130,000?

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%
1 years$93,314$92,483$91,672$90,881$90,108$86,807
2 years$46,195$45,335$44,501$43,693$42,908$39,620
3 years$30,491$29,627$28,795$27,994$27,223$24,050
4 years$22,640$21,779$20,955$20,168$19,416$16,382
5 years$17,931$17,075$16,262$15,491$14,759$11,874
6 years$14,793$13,943$13,142$12,388$11,679$8,942
7 years$12,552$11,709$10,921$10,185$9,498$6,911
8 years$10,872$10,037$9,262$8,544$7,879$5,439
9 years$9,566$8,739$7,978$7,278$6,636$4,338
10 years$8,522$7,703$6,955$6,273$5,654$3,496
11 years$7,668$6,858$6,123$5,460$4,862$2,839
12 years$6,957$6,155$5,434$4,789$4,214$2,320
13 years$6,356$5,562$4,855$4,228$3,674$1,905
14 years$5,842$5,056$4,362$3,753$3,221$1,571
15 years$5,396$4,619$3,938$3,347$2,836$1,299
16 years$5,006$4,238$3,571$2,997$2,506$1,077
17 years$4,663$3,903$3,249$2,693$2,222$895
18 years$4,358$3,606$2,966$2,427$1,976$745
19 years$4,085$3,342$2,715$2,193$1,761$621
20 years$3,841$3,106$2,492$1,986$1,573$518
21 years$3,619$2,893$2,292$1,802$1,408$433
22 years$3,418$2,700$2,113$1,639$1,262$362
23 years$3,235$2,526$1,951$1,492$1,133$303
24 years$3,067$2,366$1,804$1,361$1,018$254
25 years$2,913$2,221$1,671$1,243$916$212
26 years$2,771$2,087$1,550$1,137$825$178
27 years$2,640$1,964$1,439$1,040$744$149
28 years$2,519$1,851$1,338$953$671$125
29 years$2,405$1,746$1,245$874$606$105
30 years$2,300$1,649$1,160$802$548$88
31 years$2,202$1,559$1,081$737$495$74
32 years$2,110$1,475$1,009$677$448$62
33 years$2,024$1,397$942$623$405$52
34 years$1,943$1,324$880$573$367$44
35 years$1,866$1,256$823$527$332$37
36 years$1,795$1,192$770$486$301$31
37 years$1,727$1,132$720$448$273$26
38 years$1,663$1,076$675$413$248$22
39 years$1,602$1,023$632$380$224$18
40 years$1,545$973$592$351$204$15
41 years$1,490$926$555$324$185$13
42 years$1,439$882$521$299$168$11
43 years$1,389$841$489$276$152$9
44 years$1,343$801$459$255$138$8
45 years$1,298$764$431$235$125$6
46 years$1,255$729$405$217$114$5
47 years$1,215$696$380$201$103$4
48 years$1,176$664$357$185$94$4
49 years$1,139$634$336$171$85$3
50 years$1,103$606$316$158$77$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,130,000, adding $2,628 every year, while hoping to spend $47,537 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: 73/5/22 Blend
50$1,130,000$1,130,000$1,130,000$1,130,000
51$1,247,971$1,188,081$1,170,566$1,332,180
52$1,324,685$1,195,718$1,159,201$1,396,202
53$1,407,630$1,202,136$1,145,862$1,460,366
54$1,497,393$1,207,225$1,130,432$1,529,474
55$1,594,616$1,210,868$1,112,791$1,604,009
56$1,700,008$1,212,941$1,092,810$1,684,505
57$1,814,345$1,213,312$1,070,356$1,771,551
58$1,938,485$1,211,841$1,045,289$1,865,797
59$2,073,368$1,208,378$1,017,464$1,967,958
60$2,220,029$1,202,766$986,727$2,078,825
61$2,379,608$1,194,838$952,918$2,199,269
62$2,553,357$1,184,414$915,870$2,330,251
63$2,742,657$1,171,308$875,409$2,472,831
64$2,949,024$1,155,318$831,351$2,628,177
65$3,174,129$1,136,233$783,506$2,797,581
66$3,419,810$1,113,828$731,674$2,982,462
67$3,688,091$1,087,867$675,645$3,184,390
68$3,981,200$1,058,096$615,203$3,405,094
69$4,301,589$1,024,249$550,119$3,646,481
70$4,651,959$986,044$480,155$3,910,655
71$5,035,281$943,183$405,063$4,199,936
72$5,454,831$895,350$324,584$4,516,881
73$5,914,212$842,211$238,445$4,864,312
74$6,417,394$783,411$146,366$5,245,340
75$6,968,749$718,579$48,049$5,663,393
76$7,573,090$647,318$0$6,122,256
77$8,235,720$569,212$0$6,639,448
78$8,962,479$483,819$0$7,219,122
79$9,759,799$390,673$0$7,855,138
80$10,634,765$289,282$0$8,553,168
81$11,595,180$179,126$0$9,319,463
82$12,649,641$59,657$0$10,160,909
83$13,807,618$0$0$11,085,091
84$15,079,541$0$0$12,104,206
85$16,476,902$0$0$13,227,486
86$18,012,361$0$0$14,461,834
87$19,699,862$0$0$15,818,467
88$21,554,772$0$0$17,309,745
89$23,594,016$0$0$18,949,284
90$25,836,243$0$0$20,752,085
91$28,302,001$0$0$22,734,676
92$31,013,925$0$0$24,915,266
93$33,996,957$0$0$27,313,919
94$37,278,576$0$0$29,952,739
95$40,889,059$0$0$32,856,082
96$44,861,765$0$0$36,050,783
97$49,233,451$0$0$39,566,410
98$54,044,617$0$0$43,435,542
99$59,339,885$0$0$47,694,077
100$65,168,427$0$0$52,381,567