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%15.1%
1 years$96,618$95,757$94,917$94,098$93,297$91,339
2 years$47,830$46,940$46,076$45,239$44,427$42,464
3 years$31,570$30,676$29,814$28,985$28,187$26,279
4 years$23,442$22,550$21,697$20,882$20,103$18,265
5 years$18,566$17,679$16,838$16,040$15,282$13,520
6 years$15,316$14,436$13,608$12,827$12,092$10,408
7 years$12,996$12,124$11,308$10,546$9,834$8,228
8 years$11,257$10,392$9,590$8,847$8,158$6,630
9 years$9,905$9,048$8,260$7,535$6,870$5,418
10 years$8,824$7,976$7,201$6,496$5,854$4,477
11 years$7,940$7,100$6,340$5,653$5,035$3,731
12 years$7,204$6,373$5,626$4,958$4,363$3,130
13 years$6,581$5,759$5,027$4,378$3,805$2,641
14 years$6,048$5,235$4,517$3,886$3,335$2,238
15 years$5,587$4,782$4,078$3,466$2,936$1,904
16 years$5,184$4,388$3,697$3,103$2,595$1,625
17 years$4,828$4,041$3,364$2,788$2,301$1,390
18 years$4,512$3,734$3,071$2,513$2,046$1,192
19 years$4,230$3,461$2,812$2,270$1,824$1,024
20 years$3,976$3,216$2,580$2,056$1,629$881
21 years$3,747$2,995$2,373$1,866$1,458$759
22 years$3,539$2,796$2,187$1,697$1,307$655
23 years$3,350$2,615$2,020$1,545$1,173$565
24 years$3,176$2,450$1,868$1,409$1,054$489
25 years$3,016$2,299$1,730$1,287$949$423
26 years$2,869$2,161$1,605$1,177$855$366
27 years$2,734$2,034$1,490$1,077$770$317
28 years$2,608$1,916$1,385$987$695$274
29 years$2,491$1,808$1,289$905$628$238
30 years$2,382$1,707$1,201$831$567$206
31 years$2,280$1,614$1,119$763$513$179
32 years$2,185$1,527$1,044$701$464$155
33 years$2,095$1,446$975$645$420$134
34 years$2,011$1,371$911$593$380$117
35 years$1,933$1,300$852$546$344$101
36 years$1,858$1,234$797$503$312$88
37 years$1,788$1,172$746$463$283$76
38 years$1,722$1,114$698$427$256$66
39 years$1,659$1,059$654$394$232$57
40 years$1,600$1,008$613$363$211$50
41 years$1,543$959$575$335$191$43
42 years$1,490$914$539$309$174$38
43 years$1,439$870$506$286$157$33
44 years$1,390$830$475$264$143$28
45 years$1,344$791$446$243$130$25
46 years$1,300$755$419$225$118$21
47 years$1,258$720$394$208$107$19
48 years$1,218$688$370$192$97$16
49 years$1,179$657$348$177$88$14
50 years$1,142$627$327$164$80$12

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 $4,043 every year, while hoping to spend $46,634 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: 67/26/7 Blend
50$1,170,000$1,170,000$1,170,000$1,170,000
51$1,293,510$1,231,500$1,213,365$1,378,363
52$1,375,830$1,242,226$1,204,395$1,445,906
53$1,464,984$1,251,914$1,193,561$1,513,721
54$1,561,619$1,260,464$1,180,752$1,586,610
55$1,666,447$1,267,770$1,165,851$1,665,063
56$1,780,253$1,273,719$1,148,735$1,749,618
57$1,903,898$1,278,190$1,129,276$1,840,869
58$2,038,329$1,281,055$1,107,341$1,939,472
59$2,184,590$1,282,178$1,082,788$2,046,149
60$2,343,827$1,281,414$1,055,470$2,161,697
61$2,517,303$1,278,609$1,025,234$2,286,996
62$2,706,408$1,273,601$991,920$2,423,016
63$2,912,670$1,266,216$955,357$2,570,826
64$3,137,773$1,256,270$915,372$2,731,606
65$3,383,568$1,243,570$871,779$2,906,658
66$3,652,095$1,227,908$824,387$3,097,418
67$3,945,599$1,209,066$772,994$3,305,468
68$4,266,552$1,186,812$717,391$3,532,555
69$4,617,674$1,160,900$657,358$3,780,607
70$5,001,964$1,131,071$592,666$4,051,748
71$5,422,719$1,097,048$523,075$4,348,323
72$5,883,573$1,058,541$448,336$4,672,916
73$6,388,529$1,015,240$368,186$5,028,379
74$6,941,992$966,820$282,354$5,417,858
75$7,548,816$912,936$190,554$5,844,820
76$8,214,347$853,221$92,489$6,313,093
77$8,944,472$787,290$0$6,826,896
78$9,745,675$714,734$0$7,391,790
79$10,625,101$635,123$0$8,019,431
80$11,590,617$548,000$0$8,708,588
81$12,650,891$452,883$0$9,465,530
82$13,815,471$349,264$0$10,297,167
83$15,094,876$236,604$0$11,211,120
84$16,500,691$114,336$0$12,215,787
85$18,045,683$0$0$13,320,432
86$19,743,915$0$0$14,540,455
87$21,610,880$0$0$15,917,736
88$23,663,648$0$0$17,432,165
89$25,921,024$0$0$19,097,627
90$28,403,729$0$0$20,929,419
91$31,134,590$0$0$22,944,395
92$34,138,761$0$0$25,161,123
93$37,443,953$0$0$27,600,064
94$41,080,700$0$0$30,283,761
95$45,082,645$0$0$33,237,053
96$49,486,858$0$0$36,487,308
97$54,334,182$0$0$40,064,680
98$59,669,623$0$0$44,002,399
99$65,542,770$0$0$48,337,075
100$72,008,264$0$0$53,109,050