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

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$94,966$94,120$93,295$92,489$91,703$88,519
2 years$47,013$46,137$45,289$44,466$43,668$40,494
3 years$31,031$30,151$29,305$28,490$27,705$24,639
4 years$23,041$22,164$21,326$20,525$19,759$16,826
5 years$18,248$17,377$16,550$15,765$15,021$12,228
6 years$15,055$14,190$13,375$12,608$11,885$9,234
7 years$12,774$11,916$11,115$10,365$9,666$7,157
8 years$11,064$10,215$9,426$8,695$8,019$5,649
9 years$9,735$8,894$8,119$7,407$6,753$4,520
10 years$8,673$7,839$7,078$6,384$5,754$3,654
11 years$7,804$6,979$6,231$5,556$4,949$2,977
12 years$7,081$6,264$5,530$4,874$4,288$2,441
13 years$6,469$5,661$4,941$4,303$3,739$2,011
14 years$5,945$5,145$4,439$3,820$3,278$1,664
15 years$5,491$4,700$4,008$3,406$2,886$1,381
16 years$5,095$4,313$3,634$3,050$2,551$1,149
17 years$4,745$3,972$3,307$2,740$2,262$959
18 years$4,435$3,670$3,019$2,470$2,011$801
19 years$4,158$3,401$2,763$2,232$1,792$670
20 years$3,908$3,161$2,536$2,021$1,601$562
21 years$3,683$2,944$2,333$1,834$1,433$471
22 years$3,479$2,748$2,150$1,668$1,284$395
23 years$3,292$2,570$1,985$1,519$1,153$332
24 years$3,122$2,408$1,836$1,385$1,036$279
25 years$2,965$2,260$1,700$1,265$932$235
26 years$2,820$2,124$1,577$1,157$840$197
27 years$2,687$1,999$1,464$1,059$757$166
28 years$2,563$1,884$1,361$970$683$140
29 years$2,448$1,777$1,267$890$617$118
30 years$2,341$1,678$1,180$816$557$99
31 years$2,241$1,586$1,100$750$504$84
32 years$2,147$1,501$1,026$689$456$70
33 years$2,059$1,422$958$634$413$59
34 years$1,977$1,347$895$583$374$50
35 years$1,900$1,278$837$537$338$42
36 years$1,826$1,213$783$494$307$36
37 years$1,758$1,152$733$455$278$30
38 years$1,692$1,095$686$420$252$25
39 years$1,631$1,041$643$387$228$21
40 years$1,572$990$603$357$207$18
41 years$1,517$943$565$329$188$15
42 years$1,464$898$530$304$171$13
43 years$1,414$856$498$281$155$11
44 years$1,366$816$467$259$141$9
45 years$1,321$778$439$239$128$8
46 years$1,278$742$412$221$116$6
47 years$1,236$708$387$204$105$5
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$4
50 years$1,123$617$321$161$79$3

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 $6,160 every year, while hoping to spend $34,531 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: 68/12/20 Blend
50$1,150,000$1,150,000$1,150,000$1,150,000
51$1,273,654$1,212,704$1,194,879$1,353,541
52$1,366,826$1,235,386$1,198,167$1,430,427
53$1,468,344$1,258,022$1,200,407$1,509,908
54$1,579,024$1,280,573$1,201,529$1,596,015
55$1,699,761$1,302,998$1,201,457$1,689,399
56$1,831,543$1,325,251$1,200,113$1,790,779
57$1,975,457$1,347,285$1,197,413$1,900,945
58$2,132,698$1,369,047$1,193,271$2,020,770
59$2,304,584$1,390,481$1,187,596$2,151,214
60$2,492,565$1,411,528$1,180,294$2,293,336
61$2,698,236$1,432,122$1,171,263$2,448,306
62$2,923,356$1,452,196$1,160,400$2,617,408
63$3,169,860$1,471,675$1,147,595$2,802,063
64$3,439,879$1,490,481$1,132,734$3,003,834
65$3,735,761$1,508,529$1,115,695$3,224,443
66$4,060,092$1,525,729$1,096,353$3,465,793
67$4,415,717$1,541,986$1,074,577$3,729,976
68$4,805,773$1,557,196$1,050,228$4,019,301
69$5,233,714$1,571,251$1,023,163$4,336,313
70$5,703,344$1,584,034$993,230$4,683,818
71$6,218,854$1,595,420$960,272$5,064,907
72$6,784,860$1,605,278$924,124$5,482,989
73$7,406,446$1,613,467$884,612$5,941,821
74$8,089,214$1,619,838$841,558$6,445,545
75$8,839,335$1,624,231$794,771$6,998,725
76$9,663,606$1,626,477$744,055$7,606,394
77$10,569,517$1,626,397$689,203$8,274,099
78$11,565,317$1,623,801$630,001$9,007,954
79$12,660,097$1,618,485$566,224$9,814,699
80$13,863,871$1,610,235$497,637$10,701,763
81$15,187,672$1,598,822$423,993$11,677,333
82$16,643,656$1,584,005$345,038$12,750,437
83$18,245,215$1,565,528$260,504$13,931,023
84$20,007,107$1,543,119$170,110$15,230,057
85$21,945,589$1,516,489$73,566$16,659,626
86$24,078,576$1,485,333$0$18,233,053
87$26,425,805$1,449,329$0$19,971,311
88$29,009,025$1,408,134$0$21,901,459
89$31,852,198$1,361,386$0$24,025,694
90$34,981,730$1,308,701$0$26,363,753
91$38,426,713$1,249,673$0$28,937,386
92$42,219,204$1,183,874$0$31,770,560
93$46,394,528$1,110,850$0$34,889,690
94$50,991,608$1,030,119$0$38,323,880
95$56,053,332$941,175$0$42,105,206
96$61,626,960$843,481$0$46,269,014
97$67,764,569$736,470$0$50,854,257
98$74,523,540$619,542$0$55,903,858
99$81,967,107$492,066$0$61,465,121
100$90,164,946$353,371$0$67,590,174