Can I retire at age 51 with 1,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$94,966$94,120$93,295$92,489$91,703$91,125
2 years$47,013$46,137$45,289$44,466$43,668$43,085
3 years$31,031$30,151$29,305$28,490$27,705$27,135
4 years$23,041$22,164$21,326$20,525$19,759$19,207
5 years$18,248$17,377$16,550$15,765$15,021$14,487
6 years$15,055$14,190$13,375$12,608$11,885$11,372
7 years$12,774$11,916$11,115$10,365$9,666$9,172
8 years$11,064$10,215$9,426$8,695$8,019$7,545
9 years$9,735$8,894$8,119$7,407$6,753$6,299
10 years$8,673$7,839$7,078$6,384$5,754$5,320
11 years$7,804$6,979$6,231$5,556$4,949$4,534
12 years$7,081$6,264$5,530$4,874$4,288$3,892
13 years$6,469$5,661$4,941$4,303$3,739$3,362
14 years$5,945$5,145$4,439$3,820$3,278$2,919
15 years$5,491$4,700$4,008$3,406$2,886$2,545
16 years$5,095$4,313$3,634$3,050$2,551$2,226
17 years$4,745$3,972$3,307$2,740$2,262$1,954
18 years$4,435$3,670$3,019$2,470$2,011$1,719
19 years$4,158$3,401$2,763$2,232$1,792$1,516
20 years$3,908$3,161$2,536$2,021$1,601$1,340
21 years$3,683$2,944$2,333$1,834$1,433$1,186
22 years$3,479$2,748$2,150$1,668$1,284$1,052
23 years$3,292$2,570$1,985$1,519$1,153$933
24 years$3,122$2,408$1,836$1,385$1,036$830
25 years$2,965$2,260$1,700$1,265$932$738
26 years$2,820$2,124$1,577$1,157$840$657
27 years$2,687$1,999$1,464$1,059$757$585
28 years$2,563$1,884$1,361$970$683$522
29 years$2,448$1,777$1,267$890$617$466
30 years$2,341$1,678$1,180$816$557$416
31 years$2,241$1,586$1,100$750$504$371
32 years$2,147$1,501$1,026$689$456$332
33 years$2,059$1,422$958$634$413$297
34 years$1,977$1,347$895$583$374$265
35 years$1,900$1,278$837$537$338$237
36 years$1,826$1,213$783$494$307$212
37 years$1,758$1,152$733$455$278$190
38 years$1,692$1,095$686$420$252$170
39 years$1,631$1,041$643$387$228$152
40 years$1,572$990$603$357$207$136
41 years$1,517$943$565$329$188$122
42 years$1,464$898$530$304$171$109
43 years$1,414$856$498$281$155$98
44 years$1,366$816$467$259$141$88
45 years$1,321$778$439$239$128$79
46 years$1,278$742$412$221$116$71
47 years$1,236$708$387$204$105$63
48 years$1,197$676$364$189$96$57
49 years$1,159$645$342$174$87$51
50 years$1,123$617$321$161$79$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,150,000, adding $2,465 every year, while hoping to spend $51,974 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: 47/47/6 Blend
50$1,150,000$1,150,000$1,150,000$1,150,000
51$1,269,843$1,208,893$1,191,068$1,327,395
52$1,344,067$1,212,828$1,175,668$1,371,046
53$1,424,120$1,215,215$1,158,011$1,412,717
54$1,510,541$1,215,922$1,137,966$1,456,715
55$1,603,924$1,214,810$1,115,396$1,503,269
56$1,704,920$1,211,732$1,090,158$1,552,636
57$1,814,246$1,206,531$1,062,102$1,605,100
58$1,932,689$1,199,041$1,031,072$1,660,978
59$2,061,116$1,189,085$996,905$1,720,621
60$2,200,477$1,176,478$959,429$1,784,420
61$2,351,820$1,161,020$918,465$1,852,809
62$2,516,298$1,142,502$873,825$1,926,268
63$2,695,177$1,120,702$825,315$2,005,334
64$2,889,852$1,095,383$772,730$2,090,599
65$3,101,856$1,066,296$715,855$2,182,721
66$3,332,877$1,033,176$654,469$2,282,431
67$3,584,774$995,745$588,337$2,390,539
68$3,859,590$953,706$517,215$2,507,943
69$4,159,577$906,746$440,850$2,635,639
70$4,487,210$854,533$358,976$2,774,729
71$4,845,219$796,718$271,314$2,926,438
72$5,236,603$732,930$177,575$3,092,118
73$5,664,670$662,777$77,458$3,273,272
74$6,133,059$585,845$0$3,471,560
75$6,645,777$501,698$0$3,690,704
76$7,207,237$409,872$0$3,936,273
77$7,822,300$309,880$0$4,205,579
78$8,496,316$201,206$0$4,501,141
79$9,235,181$83,305$0$4,825,743
80$10,045,385$0$0$5,182,463
81$10,934,079$0$0$5,597,668
82$11,909,138$0$0$6,100,626
83$12,979,236$0$0$6,652,743
84$14,153,928$0$0$7,258,967
85$15,443,739$0$0$7,924,746
86$16,860,263$0$0$8,656,084
87$18,416,272$0$0$9,459,593
88$20,125,837$0$0$10,342,559
89$22,004,457$0$0$11,313,006
90$24,069,209$0$0$12,379,778
91$26,338,905$0$0$13,552,616
92$28,834,270$0$0$14,842,251
93$31,578,140$0$0$16,260,507
94$34,595,672$0$0$17,820,413
95$37,914,585$0$0$19,536,321
96$41,565,416$0$0$21,424,046
97$45,581,813$0$0$23,501,012
98$50,000,850$0$0$25,786,418
99$54,863,374$0$0$28,301,416
100$60,214,392$0$0$31,069,315