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%16.2%
1 years$94,966$94,120$93,295$92,489$91,703$89,377
2 years$47,013$46,137$45,289$44,466$43,668$41,340
3 years$31,031$30,151$29,305$28,490$27,705$25,447
4 years$23,041$22,164$21,326$20,525$19,759$17,590
5 years$18,248$17,377$16,550$15,765$15,021$12,945
6 years$15,055$14,190$13,375$12,608$11,885$9,906
7 years$12,774$11,916$11,115$10,365$9,666$7,782
8 years$11,064$10,215$9,426$8,695$8,019$6,230
9 years$9,735$8,894$8,119$7,407$6,753$5,058
10 years$8,673$7,839$7,078$6,384$5,754$4,151
11 years$7,804$6,979$6,231$5,556$4,949$3,435
12 years$7,081$6,264$5,530$4,874$4,288$2,861
13 years$6,469$5,661$4,941$4,303$3,739$2,397
14 years$5,945$5,145$4,439$3,820$3,278$2,016
15 years$5,491$4,700$4,008$3,406$2,886$1,702
16 years$5,095$4,313$3,634$3,050$2,551$1,441
17 years$4,745$3,972$3,307$2,740$2,262$1,223
18 years$4,435$3,670$3,019$2,470$2,011$1,040
19 years$4,158$3,401$2,763$2,232$1,792$886
20 years$3,908$3,161$2,536$2,021$1,601$756
21 years$3,683$2,944$2,333$1,834$1,433$646
22 years$3,479$2,748$2,150$1,668$1,284$553
23 years$3,292$2,570$1,985$1,519$1,153$473
24 years$3,122$2,408$1,836$1,385$1,036$405
25 years$2,965$2,260$1,700$1,265$932$347
26 years$2,820$2,124$1,577$1,157$840$298
27 years$2,687$1,999$1,464$1,059$757$256
28 years$2,563$1,884$1,361$970$683$220
29 years$2,448$1,777$1,267$890$617$189
30 years$2,341$1,678$1,180$816$557$162
31 years$2,241$1,586$1,100$750$504$139
32 years$2,147$1,501$1,026$689$456$120
33 years$2,059$1,422$958$634$413$103
34 years$1,977$1,347$895$583$374$88
35 years$1,900$1,278$837$537$338$76
36 years$1,826$1,213$783$494$307$65
37 years$1,758$1,152$733$455$278$56
38 years$1,692$1,095$686$420$252$48
39 years$1,631$1,041$643$387$228$42
40 years$1,572$990$603$357$207$36
41 years$1,517$943$565$329$188$31
42 years$1,464$898$530$304$171$26
43 years$1,414$856$498$281$155$23
44 years$1,366$816$467$259$141$20
45 years$1,321$778$439$239$128$17
46 years$1,278$742$412$221$116$15
47 years$1,236$708$387$204$105$12
48 years$1,197$676$364$189$96$11
49 years$1,159$645$342$174$87$9
50 years$1,123$617$321$161$79$8

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 $5,293 every year, while hoping to spend $22,740 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: 44/27/29 Blend
50$1,150,000$1,150,000$1,150,000$1,150,000
51$1,272,760$1,211,810$1,193,985$1,317,841
52$1,378,386$1,246,993$1,209,788$1,385,770
53$1,494,024$1,283,139$1,225,359$1,456,797
54$1,620,671$1,320,269$1,240,665$1,533,363
55$1,759,425$1,358,408$1,255,672$1,615,997
56$1,911,496$1,397,579$1,270,347$1,705,282
57$2,078,214$1,437,806$1,284,650$1,801,860
58$2,261,049$1,479,115$1,298,542$1,906,436
59$2,461,614$1,521,530$1,311,981$2,019,790
60$2,681,690$1,565,077$1,324,924$2,142,777
61$2,923,237$1,609,780$1,337,323$2,276,342
62$3,188,414$1,655,666$1,349,131$2,421,525
63$3,479,600$1,702,762$1,360,294$2,579,470
64$3,799,415$1,751,093$1,370,760$2,751,441
65$4,150,745$1,800,686$1,380,470$2,938,825
66$4,536,771$1,851,569$1,389,366$3,143,156
67$4,960,994$1,903,769$1,397,382$3,366,121
68$5,427,275$1,957,313$1,404,454$3,609,578
69$5,939,864$2,012,228$1,410,510$3,875,576
70$6,503,446$2,068,544$1,415,478$4,166,373
71$7,123,182$2,126,286$1,419,281$4,484,455
72$7,804,757$2,185,485$1,421,837$4,832,563
73$8,554,435$2,246,166$1,423,062$5,213,717
74$9,379,119$2,308,360$1,422,866$5,631,245
75$10,286,412$2,372,093$1,421,155$6,088,814
76$11,284,694$2,437,393$1,417,832$6,590,465
77$12,383,197$2,504,289$1,412,793$7,140,653
78$13,592,091$2,572,808$1,405,930$7,744,284
79$14,922,586$2,642,978$1,397,130$8,406,767
80$16,387,031$2,714,825$1,386,275$9,134,062
81$17,999,033$2,788,376$1,373,240$9,932,737
82$19,773,586$2,863,657$1,357,895$10,810,032
83$21,727,210$2,940,695$1,340,103$11,773,924
84$23,878,111$3,019,515$1,319,722$12,833,203
85$26,246,348$3,100,140$1,296,602$13,997,559
86$28,854,023$3,182,595$1,270,586$15,277,670
87$31,725,494$3,266,903$1,241,512$16,685,301
88$34,887,599$3,353,085$1,209,206$18,233,422
89$38,369,910$3,441,163$1,173,491$19,936,325
90$42,205,016$3,531,155$1,134,178$21,809,760
91$46,428,826$3,623,080$1,091,071$23,871,085
92$51,080,910$3,716,955$1,043,966$26,139,431
93$56,204,871$3,812,794$992,648$28,635,880
94$61,848,759$3,910,611$936,892$31,383,666
95$68,065,519$4,010,418$876,464$34,408,396
96$74,913,496$4,112,223$811,120$37,738,289
97$82,456,984$4,216,033$740,604$41,404,445
98$90,766,831$4,321,853$664,648$45,441,139
99$99,921,107$4,429,684$582,974$49,886,142
100$110,005,846$4,539,524$495,290$54,781,082