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%13.9%
1 years$94,140$93,302$92,483$91,685$90,905$89,436
2 years$46,604$45,736$44,895$44,079$43,288$41,812
3 years$30,761$29,889$29,050$28,242$27,464$26,027
4 years$22,841$21,972$21,141$20,347$19,587$18,200
5 years$18,090$17,226$16,406$15,628$14,890$13,557
6 years$14,924$14,066$13,259$12,498$11,782$10,505
7 years$12,663$11,813$11,018$10,275$9,582$8,361
8 years$10,968$10,126$9,344$8,620$7,949$6,783
9 years$9,651$8,816$8,048$7,342$6,694$5,584
10 years$8,597$7,771$7,017$6,329$5,704$4,648
11 years$7,736$6,918$6,177$5,508$4,906$3,902
12 years$7,019$6,209$5,482$4,831$4,251$3,300
13 years$6,413$5,612$4,898$4,265$3,707$2,806
14 years$5,893$5,101$4,401$3,786$3,250$2,398
15 years$5,444$4,660$3,973$3,377$2,861$2,057
16 years$5,051$4,275$3,602$3,023$2,529$1,770
17 years$4,704$3,937$3,278$2,717$2,242$1,527
18 years$4,397$3,638$2,992$2,448$1,994$1,321
19 years$4,122$3,372$2,739$2,212$1,777$1,145
20 years$3,874$3,133$2,514$2,004$1,587$994
21 years$3,651$2,918$2,313$1,818$1,420$864
22 years$3,448$2,724$2,131$1,653$1,273$753
23 years$3,264$2,548$1,968$1,506$1,143$656
24 years$3,094$2,387$1,820$1,373$1,027$572
25 years$2,939$2,240$1,686$1,254$924$500
26 years$2,796$2,106$1,563$1,147$833$436
27 years$2,664$1,982$1,452$1,050$751$382
28 years$2,541$1,867$1,350$962$677$334
29 years$2,427$1,762$1,256$882$612$292
30 years$2,321$1,664$1,170$809$553$256
31 years$2,221$1,573$1,091$743$500$224
32 years$2,129$1,488$1,018$683$452$196
33 years$2,042$1,409$950$628$409$172
34 years$1,960$1,336$888$578$370$151
35 years$1,883$1,267$830$532$335$132
36 years$1,811$1,202$776$490$304$116
37 years$1,742$1,142$727$451$275$102
38 years$1,678$1,085$681$416$250$89
39 years$1,616$1,032$638$384$226$78
40 years$1,559$982$598$354$205$69
41 years$1,504$935$560$327$186$60
42 years$1,451$890$526$301$169$53
43 years$1,402$848$493$278$153$46
44 years$1,354$808$463$257$139$41
45 years$1,309$771$435$237$126$36
46 years$1,267$735$408$219$115$31
47 years$1,226$702$384$202$104$27
48 years$1,186$670$360$187$95$24
49 years$1,149$640$339$173$86$21
50 years$1,113$611$319$160$78$19

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 $6,006 every year, while hoping to spend $27,468 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: 73/13/14 Blend
50$1,140,000$1,140,000$1,140,000$1,140,000
51$1,262,475$1,202,055$1,184,385$1,350,374
52$1,362,022$1,231,730$1,194,836$1,439,043
53$1,470,802$1,261,939$1,204,717$1,532,180
54$1,589,728$1,292,678$1,213,979$1,633,465
55$1,719,804$1,323,943$1,222,572$1,743,697
56$1,862,139$1,355,731$1,230,442$1,863,759
57$2,017,949$1,388,033$1,237,534$1,994,622
58$2,188,576$1,420,844$1,243,788$2,137,357
59$2,375,499$1,454,153$1,249,143$2,293,141
60$2,580,344$1,487,951$1,253,534$2,463,273
61$2,804,904$1,522,225$1,256,891$2,649,182
62$3,051,151$1,556,961$1,259,144$2,852,446
63$3,321,260$1,592,144$1,260,218$3,074,798
64$3,617,626$1,627,756$1,260,032$3,318,153
65$3,942,885$1,663,778$1,258,504$3,584,616
66$4,299,943$1,700,186$1,255,548$3,876,510
67$4,692,000$1,736,958$1,251,071$4,196,392
68$5,122,580$1,774,065$1,244,979$4,547,081
69$5,595,567$1,811,479$1,237,170$4,931,682
70$6,115,240$1,849,166$1,227,539$5,353,617
71$6,686,310$1,887,091$1,215,978$5,816,657
72$7,313,970$1,925,215$1,202,369$6,324,956
73$8,003,939$1,963,494$1,186,593$6,883,093
74$8,762,520$2,001,884$1,168,522$7,496,112
75$9,596,654$2,040,334$1,148,025$8,169,573
76$10,513,991$2,078,789$1,124,962$8,909,602
77$11,522,959$2,117,190$1,099,189$9,722,949
78$12,632,842$2,155,474$1,070,554$10,617,055
79$13,853,872$2,193,572$1,038,897$11,600,115
80$15,197,319$2,231,409$1,004,053$12,681,165
81$16,675,605$2,268,907$965,847$13,870,160
82$18,302,412$2,305,980$924,099$15,178,070
83$20,092,820$2,342,534$878,618$16,616,986
84$22,063,441$2,378,472$829,205$18,200,229
85$24,232,582$2,413,687$775,654$19,942,482
86$26,620,414$2,448,066$717,746$21,859,926
87$29,249,162$2,481,487$655,257$23,970,391
88$32,143,316$2,513,820$587,947$26,293,525
89$35,329,863$2,544,925$515,572$28,850,985
90$38,838,536$2,574,654$437,871$31,666,632
91$42,702,103$2,602,848$354,576$34,766,766
92$46,956,668$2,629,338$265,405$38,180,367
93$51,642,016$2,653,943$170,063$41,939,375
94$56,801,985$2,676,470$68,244$46,078,984
95$62,484,885$2,696,715$0$50,637,984
96$68,743,947$2,714,457$0$55,665,157
97$75,637,830$2,729,466$0$61,212,844
98$83,231,172$2,741,493$0$67,322,804
99$91,595,201$2,750,276$0$74,052,301
100$100,808,405$2,755,534$0$81,464,439