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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$95,792$94,938$94,106$93,293$92,500$88,971
2 years$47,422$46,538$45,683$44,853$44,048$40,533
3 years$31,300$30,413$29,560$28,738$27,946$24,557
4 years$23,241$22,357$21,512$20,704$19,931$16,694
5 years$18,407$17,528$16,694$15,902$15,151$12,074
6 years$15,185$14,313$13,491$12,717$11,989$9,073
7 years$12,885$12,020$11,211$10,456$9,750$6,996
8 years$11,161$10,303$9,508$8,771$8,089$5,493
9 years$9,820$8,971$8,189$7,471$6,812$4,371
10 years$8,748$7,908$7,140$6,440$5,804$3,513
11 years$7,872$7,040$6,286$5,605$4,992$2,846
12 years$7,142$6,318$5,578$4,916$4,326$2,319
13 years$6,525$5,710$4,984$4,340$3,772$1,899
14 years$5,997$5,190$4,478$3,853$3,307$1,562
15 years$5,539$4,741$4,043$3,436$2,911$1,288
16 years$5,139$4,350$3,666$3,077$2,573$1,065
17 years$4,787$4,006$3,336$2,764$2,281$882
18 years$4,474$3,702$3,045$2,491$2,029$732
19 years$4,194$3,431$2,788$2,251$1,808$609
20 years$3,942$3,188$2,558$2,039$1,615$506
21 years$3,715$2,970$2,353$1,850$1,445$422
22 years$3,509$2,772$2,169$1,682$1,295$351
23 years$3,321$2,593$2,002$1,532$1,163$293
24 years$3,149$2,429$1,852$1,397$1,045$245
25 years$2,991$2,280$1,715$1,276$941$204
26 years$2,845$2,143$1,591$1,167$847$171
27 years$2,710$2,016$1,477$1,068$764$143
28 years$2,585$1,900$1,373$979$689$119
29 years$2,469$1,792$1,278$897$622$100
30 years$2,361$1,693$1,190$824$562$83
31 years$2,260$1,600$1,110$756$508$70
32 years$2,166$1,514$1,035$695$460$58
33 years$2,077$1,434$967$639$416$49
34 years$1,994$1,359$903$588$377$41
35 years$1,916$1,289$844$541$341$34
36 years$1,842$1,223$790$499$309$28
37 years$1,773$1,162$739$459$280$24
38 years$1,707$1,104$692$423$254$20
39 years$1,645$1,050$649$390$230$17
40 years$1,586$999$608$360$209$14
41 years$1,530$951$570$332$190$12
42 years$1,477$906$535$307$172$10
43 years$1,426$863$502$283$156$8
44 years$1,378$823$471$261$142$7
45 years$1,332$784$442$241$129$6
46 years$1,289$748$415$223$117$5
47 years$1,247$714$390$206$106$4
48 years$1,207$682$367$190$96$3
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$2

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 $3,619 every year, while hoping to spend $29,963 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: 56/27/17 Blend
50$1,160,000$1,160,000$1,160,000$1,160,000
51$1,282,053$1,220,573$1,202,593$1,347,889
52$1,380,942$1,248,501$1,210,999$1,421,011
53$1,488,913$1,276,793$1,218,683$1,497,082
54$1,606,862$1,305,435$1,225,589$1,579,274
55$1,735,773$1,334,412$1,231,657$1,668,183
56$1,876,731$1,363,707$1,236,826$1,764,460
57$2,030,929$1,393,301$1,241,032$1,868,826
58$2,199,683$1,423,172$1,244,206$1,982,075
59$2,384,441$1,453,297$1,246,276$2,105,080
60$2,586,796$1,483,651$1,247,169$2,238,806
61$2,808,504$1,514,204$1,246,804$2,384,314
62$3,051,499$1,544,928$1,245,099$2,542,774
63$3,317,909$1,575,787$1,241,968$2,715,476
64$3,610,082$1,606,746$1,237,319$2,903,840
65$3,930,598$1,637,765$1,231,058$3,109,434
66$4,282,305$1,668,801$1,223,084$3,333,983
67$4,668,335$1,699,808$1,213,292$3,579,389
68$5,092,141$1,730,734$1,201,574$3,847,751
69$5,557,527$1,761,527$1,187,813$4,141,378
70$6,068,680$1,792,127$1,171,890$4,462,820
71$6,630,215$1,822,472$1,153,679$4,814,883
72$7,247,217$1,852,493$1,133,047$5,200,663
73$7,925,286$1,882,118$1,109,857$5,623,571
74$8,670,592$1,911,268$1,083,963$6,087,367
75$9,489,932$1,939,860$1,055,216$6,596,197
76$10,390,795$1,967,803$1,023,456$7,154,628
77$11,381,432$1,995,002$988,518$7,767,696
78$12,470,934$2,021,353$950,229$8,440,951
79$13,669,316$2,046,746$908,408$9,180,512
80$14,987,613$2,071,063$862,866$9,993,121
81$16,437,983$2,094,178$813,406$10,886,213
82$18,033,822$2,115,957$759,820$11,867,978
83$19,789,890$2,136,258$701,892$12,947,449
84$21,722,450$2,154,926$639,397$14,134,578
85$23,849,423$2,171,800$572,100$15,440,337
86$26,190,552$2,186,707$499,753$16,876,818
87$28,767,594$2,199,461$422,100$18,457,350
88$31,604,521$2,209,866$338,873$20,196,625
89$34,727,747$2,217,715$249,790$22,110,835
90$38,166,378$2,222,784$154,559$24,217,828
91$41,952,487$2,224,838$52,875$26,537,276
92$46,121,412$2,223,627$0$29,090,860
93$50,712,096$2,218,884$0$31,912,573
94$55,767,447$2,210,328$0$35,029,551
95$61,334,750$2,197,657$0$38,461,288
96$67,466,108$2,180,555$0$42,239,848
97$74,218,933$2,158,685$0$46,400,565
98$81,656,491$2,131,687$0$50,982,381
99$89,848,499$2,099,185$0$56,028,210
100$98,871,776$2,060,776$0$61,585,347