Can I retire at age 51 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$96,618$95,757$94,917$94,098$93,297$92,017
2 years$47,830$46,940$46,076$45,239$44,427$43,140
3 years$31,570$30,676$29,814$28,985$28,187$26,932
4 years$23,442$22,550$21,697$20,882$20,103$18,890
5 years$18,566$17,679$16,838$16,040$15,282$14,115
6 years$15,316$14,436$13,608$12,827$12,092$10,973
7 years$12,996$12,124$11,308$10,546$9,834$8,762
8 years$11,257$10,392$9,590$8,847$8,158$7,134
9 years$9,905$9,048$8,260$7,535$6,870$5,893
10 years$8,824$7,976$7,201$6,496$5,854$4,923
11 years$7,940$7,100$6,340$5,653$5,035$4,149
12 years$7,204$6,373$5,626$4,958$4,363$3,522
13 years$6,581$5,759$5,027$4,378$3,805$3,007
14 years$6,048$5,235$4,517$3,886$3,335$2,580
15 years$5,587$4,782$4,078$3,466$2,936$2,222
16 years$5,184$4,388$3,697$3,103$2,595$1,920
17 years$4,828$4,041$3,364$2,788$2,301$1,664
18 years$4,512$3,734$3,071$2,513$2,046$1,446
19 years$4,230$3,461$2,812$2,270$1,824$1,259
20 years$3,976$3,216$2,580$2,056$1,629$1,098
21 years$3,747$2,995$2,373$1,866$1,458$959
22 years$3,539$2,796$2,187$1,697$1,307$838
23 years$3,350$2,615$2,020$1,545$1,173$734
24 years$3,176$2,450$1,868$1,409$1,054$643
25 years$3,016$2,299$1,730$1,287$949$564
26 years$2,869$2,161$1,605$1,177$855$495
27 years$2,734$2,034$1,490$1,077$770$435
28 years$2,608$1,916$1,385$987$695$383
29 years$2,491$1,808$1,289$905$628$336
30 years$2,382$1,707$1,201$831$567$296
31 years$2,280$1,614$1,119$763$513$260
32 years$2,185$1,527$1,044$701$464$229
33 years$2,095$1,446$975$645$420$202
34 years$2,011$1,371$911$593$380$178
35 years$1,933$1,300$852$546$344$157
36 years$1,858$1,234$797$503$312$138
37 years$1,788$1,172$746$463$283$122
38 years$1,722$1,114$698$427$256$107
39 years$1,659$1,059$654$394$232$95
40 years$1,600$1,008$613$363$211$83
41 years$1,543$959$575$335$191$74
42 years$1,490$914$539$309$174$65
43 years$1,439$870$506$286$157$57
44 years$1,390$830$475$264$143$51
45 years$1,344$791$446$243$130$45
46 years$1,300$755$419$225$118$39
47 years$1,258$720$394$208$107$35
48 years$1,218$688$370$192$97$31
49 years$1,179$657$348$177$88$27
50 years$1,142$627$327$164$80$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,170,000, adding $5,230 every year, while hoping to spend $35,754 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: 50/26/24 Blend
50$1,170,000$1,170,000$1,170,000$1,170,000
51$1,294,735$1,232,725$1,214,590$1,350,492
52$1,388,756$1,255,086$1,217,237$1,412,171
53$1,491,168$1,277,345$1,218,774$1,475,138
54$1,602,791$1,299,459$1,219,126$1,542,850
55$1,724,525$1,321,381$1,218,216$1,615,770
56$1,857,360$1,343,062$1,215,959$1,694,410
57$2,002,387$1,364,449$1,212,271$1,779,335
58$2,160,808$1,385,484$1,207,059$1,871,170
59$2,333,945$1,406,107$1,200,230$1,970,603
60$2,523,252$1,426,252$1,191,683$2,078,393
61$2,730,334$1,445,848$1,181,314$2,195,377
62$2,956,953$1,464,819$1,169,013$2,322,481
63$3,205,053$1,483,087$1,154,666$2,460,726
64$3,476,775$1,500,564$1,138,153$2,611,236
65$3,774,473$1,517,159$1,119,349$2,775,254
66$4,100,743$1,532,773$1,098,120$2,954,151
67$4,458,442$1,547,303$1,074,331$3,149,438
68$4,850,719$1,560,636$1,047,837$3,362,785
69$5,281,040$1,572,655$1,018,487$3,596,031
70$5,753,223$1,583,232$986,124$3,851,207
71$6,271,475$1,592,234$950,582$4,130,553
72$6,840,428$1,599,516$911,689$4,436,541
73$7,465,186$1,604,927$869,265$4,771,895
74$8,151,372$1,608,304$823,122$5,139,624
75$8,905,177$1,609,477$773,062$5,543,044
76$9,733,425$1,608,261$718,879$5,985,813
77$10,643,631$1,604,463$660,359$6,471,967
78$11,644,077$1,597,877$597,277$7,005,956
79$12,743,885$1,588,285$529,397$7,592,689
80$13,953,104$1,575,454$456,475$8,237,581
81$15,282,808$1,559,138$378,254$8,946,601
82$16,745,196$1,539,077$294,467$9,726,334
83$18,353,709$1,514,995$204,835$10,584,042
84$20,123,156$1,486,599$109,066$11,527,733
85$22,069,854$1,453,579$6,855$12,566,238
86$24,211,781$1,415,605$0$13,709,293
87$26,568,744$1,372,332$0$14,993,814
88$29,162,569$1,323,389$0$16,409,038
89$32,017,305$1,268,389$0$17,966,351
90$35,159,449$1,206,919$0$19,680,242
91$38,618,197$1,138,542$0$21,566,677
92$42,425,721$1,062,799$0$23,643,256
93$46,617,469$979,200$0$25,929,378
94$51,232,501$887,232$0$28,446,424
95$56,313,858$786,348$0$31,217,960
96$61,908,967$675,974$0$34,269,960
97$68,070,086$555,501$0$37,631,052
98$74,854,801$424,287$0$41,332,790
99$82,326,566$281,653$0$45,409,951
100$90,555,304$126,882$0$49,900,865