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%11.4%
1 years$96,618$95,757$94,917$94,098$93,297$92,748
2 years$47,830$46,940$46,076$45,239$44,427$43,873
3 years$31,570$30,676$29,814$28,985$28,187$27,645
4 years$23,442$22,550$21,697$20,882$20,103$19,578
5 years$18,566$17,679$16,838$16,040$15,282$14,775
6 years$15,316$14,436$13,608$12,827$12,092$11,603
7 years$12,996$12,124$11,308$10,546$9,834$9,364
8 years$11,257$10,392$9,590$8,847$8,158$7,708
9 years$9,905$9,048$8,260$7,535$6,870$6,438
10 years$8,824$7,976$7,201$6,496$5,854$5,441
11 years$7,940$7,100$6,340$5,653$5,035$4,640
12 years$7,204$6,373$5,626$4,958$4,363$3,986
13 years$6,581$5,759$5,027$4,378$3,805$3,445
14 years$6,048$5,235$4,517$3,886$3,335$2,993
15 years$5,587$4,782$4,078$3,466$2,936$2,611
16 years$5,184$4,388$3,697$3,103$2,595$2,286
17 years$4,828$4,041$3,364$2,788$2,301$2,008
18 years$4,512$3,734$3,071$2,513$2,046$1,768
19 years$4,230$3,461$2,812$2,270$1,824$1,560
20 years$3,976$3,216$2,580$2,056$1,629$1,380
21 years$3,747$2,995$2,373$1,866$1,458$1,222
22 years$3,539$2,796$2,187$1,697$1,307$1,084
23 years$3,350$2,615$2,020$1,545$1,173$963
24 years$3,176$2,450$1,868$1,409$1,054$857
25 years$3,016$2,299$1,730$1,287$949$763
26 years$2,869$2,161$1,605$1,177$855$680
27 years$2,734$2,034$1,490$1,077$770$606
28 years$2,608$1,916$1,385$987$695$541
29 years$2,491$1,808$1,289$905$628$483
30 years$2,382$1,707$1,201$831$567$432
31 years$2,280$1,614$1,119$763$513$386
32 years$2,185$1,527$1,044$701$464$345
33 years$2,095$1,446$975$645$420$309
34 years$2,011$1,371$911$593$380$276
35 years$1,933$1,300$852$546$344$247
36 years$1,858$1,234$797$503$312$221
37 years$1,788$1,172$746$463$283$198
38 years$1,722$1,114$698$427$256$178
39 years$1,659$1,059$654$394$232$159
40 years$1,600$1,008$613$363$211$143
41 years$1,543$959$575$335$191$128
42 years$1,490$914$539$309$174$115
43 years$1,439$870$506$286$157$103
44 years$1,390$830$475$264$143$92
45 years$1,344$791$446$243$130$83
46 years$1,300$755$419$225$118$74
47 years$1,258$720$394$208$107$67
48 years$1,218$688$370$192$97$60
49 years$1,179$657$348$177$88$54
50 years$1,142$627$327$164$80$48

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 $3,605 every year, while hoping to spend $31,731 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: 67/24/9 Blend
50$1,170,000$1,170,000$1,170,000$1,170,000
51$1,293,059$1,231,049$1,212,914$1,377,156
52$1,391,189$1,257,608$1,219,785$1,460,050
53$1,498,265$1,284,406$1,225,822$1,546,506
54$1,615,166$1,311,420$1,230,965$1,640,189
55$1,742,860$1,338,626$1,235,149$1,741,803
56$1,882,411$1,365,998$1,238,306$1,852,120
57$2,034,992$1,393,507$1,240,365$1,971,995
58$2,201,894$1,421,123$1,241,250$2,102,363
59$2,384,540$1,448,810$1,240,884$2,244,261
60$2,584,494$1,476,533$1,239,185$2,398,826
61$2,803,481$1,504,251$1,236,066$2,567,314
62$3,043,398$1,531,921$1,231,436$2,751,107
63$3,306,337$1,559,498$1,225,201$2,951,729
64$3,594,599$1,586,929$1,217,262$3,170,856
65$3,910,721$1,614,162$1,207,513$3,410,340
66$4,257,496$1,641,137$1,195,847$3,672,216
67$4,638,001$1,667,793$1,182,147$3,958,731
68$5,055,623$1,694,061$1,166,296$4,272,358
69$5,514,097$1,719,870$1,148,166$4,615,823
70$6,017,532$1,745,141$1,127,627$4,992,132
71$6,570,460$1,769,792$1,104,542$5,404,593
72$7,177,869$1,793,734$1,078,766$5,856,857
73$7,845,256$1,816,872$1,050,150$6,352,944
74$8,578,677$1,839,103$1,018,534$6,897,283
75$9,384,802$1,860,320$983,756$7,494,760
76$10,270,983$1,880,406$945,642$8,150,754
77$11,245,315$1,899,237$904,013$8,871,197
78$12,316,719$1,916,683$858,680$9,662,626
79$13,495,025$1,932,601$809,446$10,532,242
80$14,791,061$1,946,842$756,106$11,487,985
81$16,216,759$1,959,246$698,445$12,538,605
82$17,785,263$1,969,644$636,238$13,693,743
83$19,511,058$1,977,855$569,250$14,964,028
84$21,410,103$1,983,687$497,237$16,361,169
85$23,499,982$1,986,935$419,942$17,898,077
86$25,800,068$1,987,384$337,099$19,588,976
87$28,331,710$1,984,801$248,427$21,449,545
88$31,118,432$1,978,943$153,636$23,497,062
89$34,186,150$1,969,550$52,422$25,750,572
90$37,563,426$1,956,346$0$28,231,063
91$41,281,728$1,939,039$0$30,967,003
92$45,375,732$1,917,320$0$33,984,266
93$49,883,647$1,890,859$0$37,305,942
94$54,847,576$1,859,309$0$40,963,029
95$60,313,914$1,822,300$0$44,989,689
96$66,333,783$1,779,442$0$49,423,570
97$72,963,516$1,730,322$0$54,306,159
98$80,265,188$1,674,501$0$59,683,179
99$88,307,201$1,611,515$0$65,605,018
100$97,164,930$1,540,875$0$72,127,204