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%12.5%
1 years$93,314$92,483$91,672$90,881$90,108$89,167
2 years$46,195$45,335$44,501$43,693$42,908$41,961
3 years$30,491$29,627$28,795$27,994$27,223$26,298
4 years$22,640$21,779$20,955$20,168$19,416$18,521
5 years$17,931$17,075$16,262$15,491$14,759$13,897
6 years$14,793$13,943$13,142$12,388$11,679$10,850
7 years$12,552$11,709$10,921$10,185$9,498$8,703
8 years$10,872$10,037$9,262$8,544$7,879$7,118
9 years$9,566$8,739$7,978$7,278$6,636$5,908
10 years$8,522$7,703$6,955$6,273$5,654$4,960
11 years$7,668$6,858$6,123$5,460$4,862$4,201
12 years$6,957$6,155$5,434$4,789$4,214$3,584
13 years$6,356$5,562$4,855$4,228$3,674$3,076
14 years$5,842$5,056$4,362$3,753$3,221$2,653
15 years$5,396$4,619$3,938$3,347$2,836$2,297
16 years$5,006$4,238$3,571$2,997$2,506$1,996
17 years$4,663$3,903$3,249$2,693$2,222$1,740
18 years$4,358$3,606$2,966$2,427$1,976$1,520
19 years$4,085$3,342$2,715$2,193$1,761$1,331
20 years$3,841$3,106$2,492$1,986$1,573$1,168
21 years$3,619$2,893$2,292$1,802$1,408$1,026
22 years$3,418$2,700$2,113$1,639$1,262$903
23 years$3,235$2,526$1,951$1,492$1,133$795
24 years$3,067$2,366$1,804$1,361$1,018$701
25 years$2,913$2,221$1,671$1,243$916$619
26 years$2,771$2,087$1,550$1,137$825$547
27 years$2,640$1,964$1,439$1,040$744$484
28 years$2,519$1,851$1,338$953$671$428
29 years$2,405$1,746$1,245$874$606$379
30 years$2,300$1,649$1,160$802$548$335
31 years$2,202$1,559$1,081$737$495$297
32 years$2,110$1,475$1,009$677$448$263
33 years$2,024$1,397$942$623$405$233
34 years$1,943$1,324$880$573$367$207
35 years$1,866$1,256$823$527$332$184
36 years$1,795$1,192$770$486$301$163
37 years$1,727$1,132$720$448$273$145
38 years$1,663$1,076$675$413$248$128
39 years$1,602$1,023$632$380$224$114
40 years$1,545$973$592$351$204$101
41 years$1,490$926$555$324$185$90
42 years$1,439$882$521$299$168$80
43 years$1,389$841$489$276$152$71
44 years$1,343$801$459$255$138$63
45 years$1,298$764$431$235$125$56
46 years$1,255$729$405$217$114$50
47 years$1,215$696$380$201$103$44
48 years$1,176$664$357$185$94$39
49 years$1,139$634$336$171$85$35
50 years$1,103$606$316$158$77$31

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 $5,469 every year, while hoping to spend $30,214 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: 40/44/16 Blend
50$1,130,000$1,130,000$1,130,000$1,130,000
51$1,250,901$1,191,011$1,173,496$1,294,788
52$1,346,346$1,217,223$1,180,661$1,352,702
53$1,450,513$1,243,707$1,187,053$1,411,968
54$1,564,261$1,270,444$1,192,615$1,475,439
55$1,688,533$1,297,414$1,197,285$1,543,512
56$1,824,370$1,324,594$1,201,001$1,616,624
57$1,972,916$1,351,959$1,203,694$1,695,257
58$2,135,431$1,379,482$1,205,296$1,779,942
59$2,313,303$1,407,135$1,205,731$1,871,266
60$2,508,059$1,434,884$1,204,923$1,969,874
61$2,721,383$1,462,695$1,202,789$2,076,479
62$2,955,127$1,490,531$1,199,246$2,191,865
63$3,211,333$1,518,349$1,194,203$2,316,900
64$3,492,247$1,546,106$1,187,567$2,452,538
65$3,800,344$1,573,754$1,179,239$2,599,831
66$4,138,353$1,601,241$1,169,117$2,759,941
67$4,509,275$1,628,512$1,157,092$2,934,148
68$4,916,418$1,655,507$1,143,052$3,123,864
69$5,363,427$1,682,161$1,126,879$3,330,646
70$5,854,315$1,708,405$1,108,448$3,556,211
71$6,393,504$1,734,166$1,087,630$3,802,453
72$6,985,865$1,759,363$1,064,289$4,071,460
73$7,636,764$1,783,913$1,038,283$4,365,534
74$8,352,112$1,807,723$1,009,463$4,687,215
75$9,138,422$1,830,696$977,675$5,039,303
76$10,002,869$1,852,728$942,755$5,424,887
77$10,953,358$1,873,708$904,534$5,847,370
78$11,998,599$1,893,517$862,834$6,310,508
79$13,148,185$1,912,029$817,468$6,818,442
80$14,412,690$1,929,109$768,243$7,375,738
81$15,803,761$1,944,612$714,956$7,987,430
82$17,334,233$1,958,385$657,395$8,659,069
83$19,018,244$1,970,266$595,338$9,396,777
84$20,871,377$1,980,081$528,553$10,207,304
85$22,910,796$1,987,644$456,799$11,098,091
86$25,155,419$1,992,760$379,823$12,077,344
87$27,626,087$1,995,220$297,362$13,154,111
88$30,345,764$1,994,802$209,140$14,338,366
89$33,339,755$1,991,271$114,870$15,641,109
90$36,635,944$1,984,377$14,251$17,074,464
91$40,265,053$1,973,854$0$18,651,801
92$44,260,936$1,959,421$0$20,403,758
93$48,660,899$1,940,780$0$22,334,316
94$53,506,046$1,917,614$0$24,459,012
95$58,841,673$1,889,587$0$26,797,656
96$64,717,691$1,856,344$0$29,372,086
97$71,189,100$1,817,509$0$32,206,371
98$78,316,503$1,772,682$0$35,327,041
99$86,166,684$1,721,441$0$38,763,338
100$94,813,233$1,663,339$0$42,547,495