Can I retire at age 51 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$95,792$94,938$94,106$93,293$92,500$91,043
2 years$47,422$46,538$45,683$44,853$44,048$42,583
3 years$31,300$30,413$29,560$28,738$27,946$26,519
4 years$23,241$22,357$21,512$20,704$19,931$18,554
5 years$18,407$17,528$16,694$15,902$15,151$13,828
6 years$15,185$14,313$13,491$12,717$11,989$10,720
7 years$12,885$12,020$11,211$10,456$9,750$8,537
8 years$11,161$10,303$9,508$8,771$8,089$6,931
9 years$9,820$8,971$8,189$7,471$6,812$5,708
10 years$8,748$7,908$7,140$6,440$5,804$4,754
11 years$7,872$7,040$6,286$5,605$4,992$3,994
12 years$7,142$6,318$5,578$4,916$4,326$3,380
13 years$6,525$5,710$4,984$4,340$3,772$2,876
14 years$5,997$5,190$4,478$3,853$3,307$2,459
15 years$5,539$4,741$4,043$3,436$2,911$2,111
16 years$5,139$4,350$3,666$3,077$2,573$1,818
17 years$4,787$4,006$3,336$2,764$2,281$1,570
18 years$4,474$3,702$3,045$2,491$2,029$1,359
19 years$4,194$3,431$2,788$2,251$1,808$1,179
20 years$3,942$3,188$2,558$2,039$1,615$1,024
21 years$3,715$2,970$2,353$1,850$1,445$891
22 years$3,509$2,772$2,169$1,682$1,295$776
23 years$3,321$2,593$2,002$1,532$1,163$677
24 years$3,149$2,429$1,852$1,397$1,045$591
25 years$2,991$2,280$1,715$1,276$941$516
26 years$2,845$2,143$1,591$1,167$847$452
27 years$2,710$2,016$1,477$1,068$764$395
28 years$2,585$1,900$1,373$979$689$346
29 years$2,469$1,792$1,278$897$622$303
30 years$2,361$1,693$1,190$824$562$265
31 years$2,260$1,600$1,110$756$508$233
32 years$2,166$1,514$1,035$695$460$204
33 years$2,077$1,434$967$639$416$179
34 years$1,994$1,359$903$588$377$157
35 years$1,916$1,289$844$541$341$138
36 years$1,842$1,223$790$499$309$121
37 years$1,773$1,162$739$459$280$106
38 years$1,707$1,104$692$423$254$93
39 years$1,645$1,050$649$390$230$82
40 years$1,586$999$608$360$209$72
41 years$1,530$951$570$332$190$63
42 years$1,477$906$535$307$172$55
43 years$1,426$863$502$283$156$49
44 years$1,378$823$471$261$142$43
45 years$1,332$784$442$241$129$37
46 years$1,289$748$415$223$117$33
47 years$1,247$714$390$206$106$29
48 years$1,207$682$367$190$96$25
49 years$1,169$651$345$176$87$22
50 years$1,133$622$324$163$79$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,160,000, adding $4,311 every year, while hoping to spend $59,369 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: 87/8/5 Blend
50$1,160,000$1,160,000$1,160,000$1,160,000
51$1,282,767$1,221,287$1,203,307$1,394,092
52$1,350,441$1,217,962$1,180,449$1,463,892
53$1,423,028$1,212,484$1,154,837$1,531,888
54$1,500,966$1,204,685$1,126,313$1,604,676
55$1,584,737$1,194,387$1,094,717$1,682,694
56$1,674,869$1,181,401$1,059,879$1,766,422
57$1,771,942$1,165,525$1,021,621$1,856,393
58$1,876,592$1,146,549$979,757$1,953,189
59$1,989,520$1,124,245$934,095$2,057,453
60$2,111,495$1,098,377$884,431$2,169,890
61$2,243,361$1,068,690$830,552$2,291,281
62$2,386,046$1,034,919$772,239$2,422,480
63$2,540,573$996,780$709,258$2,564,431
64$2,708,062$953,973$641,369$2,718,173
65$2,889,748$906,181$568,319$2,884,849
66$3,086,988$853,070$489,843$3,065,720
67$3,301,275$794,284$405,667$3,262,172
68$3,534,251$729,450$315,503$3,475,734
69$3,787,722$658,171$219,050$3,708,089
70$4,063,676$580,027$115,994$3,961,092
71$4,364,300$494,577$6,009$4,236,786
72$4,692,000$401,354$0$4,537,421
73$5,049,426$299,862$0$4,871,420
74$5,439,493$189,581$0$5,236,301
75$5,865,410$69,959$0$5,634,774
76$6,330,710$0$0$6,070,177
77$6,839,282$0$0$6,551,434
78$7,395,408$0$0$7,084,436
79$8,003,802$0$0$7,667,543
80$8,669,655$0$0$8,305,734
81$9,398,683$0$0$9,004,487
82$10,197,181$0$0$9,769,837
83$11,072,080$0$0$10,608,429
84$12,031,015$0$0$11,527,584
85$13,082,393$0$0$12,535,361
86$14,235,475$0$0$13,640,637
87$15,500,459$0$0$14,853,193
88$16,888,579$0$0$16,183,797
89$18,412,212$0$0$17,644,313
90$20,084,985$0$0$19,247,809
91$21,921,916$0$0$21,008,682
92$23,939,544$0$0$22,942,787
93$26,156,090$0$0$25,067,595
94$28,591,628$0$0$27,402,349
95$31,268,270$0$0$29,968,251
96$34,210,379$0$0$32,788,657
97$37,444,794$0$0$35,889,299
98$41,001,086$0$0$39,298,527
99$44,911,833$0$0$43,047,574
100$49,212,928$0$0$47,170,854