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%14.2%
1 years$94,140$93,302$92,483$91,685$90,905$89,326
2 years$46,604$45,736$44,895$44,079$43,288$41,702
3 years$30,761$29,889$29,050$28,242$27,464$25,920
4 years$22,841$21,972$21,141$20,347$19,587$18,099
5 years$18,090$17,226$16,406$15,628$14,890$13,460
6 years$14,924$14,066$13,259$12,498$11,782$10,412
7 years$12,663$11,813$11,018$10,275$9,582$8,273
8 years$10,968$10,126$9,344$8,620$7,949$6,701
9 years$9,651$8,816$8,048$7,342$6,694$5,506
10 years$8,597$7,771$7,017$6,329$5,704$4,575
11 years$7,736$6,918$6,177$5,508$4,906$3,834
12 years$7,019$6,209$5,482$4,831$4,251$3,236
13 years$6,413$5,612$4,898$4,265$3,707$2,746
14 years$5,893$5,101$4,401$3,786$3,250$2,342
15 years$5,444$4,660$3,973$3,377$2,861$2,004
16 years$5,051$4,275$3,602$3,023$2,529$1,721
17 years$4,704$3,937$3,278$2,717$2,242$1,482
18 years$4,397$3,638$2,992$2,448$1,994$1,279
19 years$4,122$3,372$2,739$2,212$1,777$1,106
20 years$3,874$3,133$2,514$2,004$1,587$958
21 years$3,651$2,918$2,313$1,818$1,420$831
22 years$3,448$2,724$2,131$1,653$1,273$722
23 years$3,264$2,548$1,968$1,506$1,143$628
24 years$3,094$2,387$1,820$1,373$1,027$547
25 years$2,939$2,240$1,686$1,254$924$476
26 years$2,796$2,106$1,563$1,147$833$415
27 years$2,664$1,982$1,452$1,050$751$362
28 years$2,541$1,867$1,350$962$677$316
29 years$2,427$1,762$1,256$882$612$276
30 years$2,321$1,664$1,170$809$553$241
31 years$2,221$1,573$1,091$743$500$210
32 years$2,129$1,488$1,018$683$452$184
33 years$2,042$1,409$950$628$409$161
34 years$1,960$1,336$888$578$370$140
35 years$1,883$1,267$830$532$335$123
36 years$1,811$1,202$776$490$304$107
37 years$1,742$1,142$727$451$275$94
38 years$1,678$1,085$681$416$250$82
39 years$1,616$1,032$638$384$226$72
40 years$1,559$982$598$354$205$63
41 years$1,504$935$560$327$186$55
42 years$1,451$890$526$301$169$48
43 years$1,402$848$493$278$153$42
44 years$1,354$808$463$257$139$37
45 years$1,309$771$435$237$126$32
46 years$1,267$735$408$219$115$28
47 years$1,226$702$384$202$104$25
48 years$1,186$670$360$187$95$22
49 years$1,149$640$339$173$86$19
50 years$1,113$611$319$160$78$17

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 $2,628 every year, while hoping to spend $25,626 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: 62/27/11 Blend
50$1,140,000$1,140,000$1,140,000$1,140,000
51$1,258,991$1,198,571$1,180,901$1,333,697
52$1,360,142$1,230,035$1,193,195$1,415,520
53$1,470,752$1,262,182$1,205,042$1,501,614
54$1,591,758$1,295,018$1,216,401$1,594,952
55$1,724,193$1,328,549$1,227,226$1,696,238
56$1,869,193$1,362,781$1,237,470$1,806,244
57$2,028,011$1,397,718$1,247,086$1,925,821
58$2,202,026$1,433,364$1,256,021$2,055,907
59$2,392,756$1,469,722$1,264,221$2,197,534
60$2,601,873$1,506,794$1,271,628$2,351,839
61$2,831,219$1,544,582$1,278,183$2,520,074
62$3,082,823$1,583,087$1,283,822$2,703,617
63$3,358,920$1,622,307$1,288,479$2,903,989
64$3,661,970$1,662,240$1,292,083$3,122,862
65$3,994,686$1,702,884$1,294,563$3,362,080
66$4,360,053$1,744,235$1,295,840$3,623,673
67$4,761,361$1,786,285$1,295,833$3,909,879
68$5,202,236$1,829,029$1,294,459$4,223,162
69$5,686,668$1,872,456$1,291,629$4,566,237
70$6,219,058$1,916,556$1,287,248$4,942,096
71$6,804,251$1,961,316$1,281,220$5,354,035
72$7,447,585$2,006,721$1,273,441$5,805,687
73$8,154,942$2,052,754$1,263,805$6,301,052
74$8,932,802$2,099,395$1,252,198$6,844,540
75$9,788,305$2,146,622$1,238,504$7,441,009
76$10,729,316$2,194,411$1,222,598$8,095,813
77$11,764,503$2,242,733$1,204,351$8,814,850
78$12,903,413$2,291,558$1,183,628$9,604,622
79$14,156,569$2,340,852$1,160,287$10,472,290
80$15,535,562$2,390,577$1,134,180$11,425,748
81$17,053,166$2,440,692$1,105,151$12,473,694
82$18,723,454$2,491,151$1,073,039$13,625,712
83$20,561,934$2,541,905$1,037,673$14,892,364
84$22,585,693$2,592,900$998,877$16,285,289
85$24,813,557$2,644,076$956,463$17,817,314
86$27,266,274$2,695,370$910,239$19,502,573
87$29,966,703$2,746,711$860,000$21,356,641
88$32,940,032$2,798,026$805,536$23,396,685
89$36,214,018$2,849,231$746,624$25,641,618
90$39,819,244$2,900,240$683,032$28,112,288
91$43,789,413$2,950,958$614,519$30,831,666
92$48,161,660$3,001,282$540,833$33,825,066
93$52,976,906$3,051,101$461,708$37,120,389
94$58,280,245$3,100,299$376,869$40,748,377
95$64,121,364$3,148,748$286,028$44,742,911
96$70,555,018$3,196,312$188,885$49,141,330
97$77,641,543$3,242,845$85,126$53,984,781
98$85,447,426$3,288,190$0$59,318,608
99$94,045,933$3,332,180$0$65,195,789
100$103,517,797$3,374,636$0$71,679,246