Can I retire at age 51 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$94,140$93,302$92,483$91,685$90,905$88,924
2 years$46,604$45,736$44,895$44,079$43,288$41,303
3 years$30,761$29,889$29,050$28,242$27,464$25,535
4 years$22,841$21,972$21,141$20,347$19,587$17,731
5 years$18,090$17,226$16,406$15,628$14,890$13,111
6 years$14,924$14,066$13,259$12,498$11,782$10,082
7 years$12,663$11,813$11,018$10,275$9,582$7,961
8 years$10,968$10,126$9,344$8,620$7,949$6,407
9 years$9,651$8,816$8,048$7,342$6,694$5,230
10 years$8,597$7,771$7,017$6,329$5,704$4,316
11 years$7,736$6,918$6,177$5,508$4,906$3,592
12 years$7,019$6,209$5,482$4,831$4,251$3,010
13 years$6,413$5,612$4,898$4,265$3,707$2,536
14 years$5,893$5,101$4,401$3,786$3,250$2,146
15 years$5,444$4,660$3,973$3,377$2,861$1,823
16 years$5,051$4,275$3,602$3,023$2,529$1,554
17 years$4,704$3,937$3,278$2,717$2,242$1,328
18 years$4,397$3,638$2,992$2,448$1,994$1,137
19 years$4,122$3,372$2,739$2,212$1,777$975
20 years$3,874$3,133$2,514$2,004$1,587$838
21 years$3,651$2,918$2,313$1,818$1,420$721
22 years$3,448$2,724$2,131$1,653$1,273$621
23 years$3,264$2,548$1,968$1,506$1,143$535
24 years$3,094$2,387$1,820$1,373$1,027$462
25 years$2,939$2,240$1,686$1,254$924$399
26 years$2,796$2,106$1,563$1,147$833$344
27 years$2,664$1,982$1,452$1,050$751$298
28 years$2,541$1,867$1,350$962$677$257
29 years$2,427$1,762$1,256$882$612$223
30 years$2,321$1,664$1,170$809$553$193
31 years$2,221$1,573$1,091$743$500$167
32 years$2,129$1,488$1,018$683$452$144
33 years$2,042$1,409$950$628$409$125
34 years$1,960$1,336$888$578$370$108
35 years$1,883$1,267$830$532$335$94
36 years$1,811$1,202$776$490$304$81
37 years$1,742$1,142$727$451$275$71
38 years$1,678$1,085$681$416$250$61
39 years$1,616$1,032$638$384$226$53
40 years$1,559$982$598$354$205$46
41 years$1,504$935$560$327$186$40
42 years$1,451$890$526$301$169$35
43 years$1,402$848$493$278$153$30
44 years$1,354$808$463$257$139$26
45 years$1,309$771$435$237$126$22
46 years$1,267$735$408$219$115$20
47 years$1,226$702$384$202$104$17
48 years$1,186$670$360$187$95$15
49 years$1,149$640$339$173$86$13
50 years$1,113$611$319$160$78$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,140,000, adding $5,183 every year, while hoping to spend $30,961 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: 65/17/18 Blend
50$1,140,000$1,140,000$1,140,000$1,140,000
51$1,261,626$1,201,206$1,183,536$1,337,656
52$1,357,370$1,227,123$1,190,242$1,415,195
53$1,461,842$1,253,272$1,196,136$1,495,871
54$1,575,899$1,279,632$1,201,156$1,583,292
55$1,700,487$1,306,180$1,205,240$1,678,117
56$1,836,643$1,332,889$1,208,322$1,781,074
57$1,985,512$1,359,733$1,210,333$1,892,965
58$2,148,355$1,386,680$1,211,200$2,014,673
59$2,326,558$1,413,698$1,210,845$2,147,173
60$2,521,647$1,440,750$1,209,190$2,291,536
61$2,735,307$1,467,798$1,206,149$2,448,945
62$2,969,387$1,494,799$1,201,634$2,620,703
63$3,225,929$1,521,709$1,195,553$2,808,246
64$3,507,179$1,548,478$1,187,809$3,013,155
65$3,815,610$1,575,052$1,178,300$3,237,176
66$4,153,949$1,601,376$1,166,919$3,482,231
67$4,525,196$1,627,388$1,153,555$3,750,437
68$4,932,658$1,653,022$1,138,091$4,044,130
69$5,379,977$1,678,208$1,120,405$4,365,883
70$5,871,164$1,702,869$1,100,368$4,718,533
71$6,410,639$1,726,926$1,077,847$5,105,205
72$7,003,269$1,750,291$1,052,700$5,529,346
73$7,654,419$1,772,871$1,024,781$5,994,753
74$8,369,995$1,794,567$993,937$6,505,612
75$9,156,507$1,815,274$960,007$7,066,537
76$10,021,126$1,834,877$922,822$7,682,612
77$10,971,752$1,853,257$882,207$8,359,444
78$12,017,088$1,870,284$837,979$9,103,208
79$13,166,724$1,885,821$789,944$9,920,715
80$14,431,226$1,899,723$737,904$10,819,469
81$15,822,234$1,911,832$681,646$11,807,742
82$17,352,574$1,921,984$620,954$12,894,650
83$19,036,378$1,930,003$555,597$14,090,242
84$20,889,216$1,935,700$485,337$15,405,594
85$22,928,244$1,938,877$409,923$16,852,913
86$25,172,365$1,939,322$329,096$18,445,653
87$27,642,407$1,936,810$242,582$20,198,643
88$30,361,322$1,931,103$150,097$22,128,226
89$33,354,396$1,921,946$51,345$24,252,417
90$36,649,495$1,909,072$0$26,591,070
91$40,277,322$1,892,195$0$29,176,446
92$44,271,709$1,871,013$0$32,033,482
93$48,669,936$1,845,205$0$35,178,951
94$53,513,081$1,814,432$0$38,642,218
95$58,846,410$1,778,333$0$42,455,642
96$64,719,800$1,736,528$0$46,654,881
97$71,188,214$1,688,612$0$51,279,233
98$78,312,217$1,634,159$0$56,372,005
99$86,158,547$1,572,717$0$61,980,918
100$94,800,744$1,503,805$0$68,158,565