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%15.6%
1 years$96,618$95,757$94,917$94,098$93,297$91,153
2 years$47,830$46,940$46,076$45,239$44,427$42,279
3 years$31,570$30,676$29,814$28,985$28,187$26,101
4 years$23,442$22,550$21,697$20,882$20,103$18,096
5 years$18,566$17,679$16,838$16,040$15,282$13,360
6 years$15,316$14,436$13,608$12,827$12,092$10,257
7 years$12,996$12,124$11,308$10,546$9,834$8,085
8 years$11,257$10,392$9,590$8,847$8,158$6,496
9 years$9,905$9,048$8,260$7,535$6,870$5,293
10 years$8,824$7,976$7,201$6,496$5,854$4,360
11 years$7,940$7,100$6,340$5,653$5,035$3,622
12 years$7,204$6,373$5,626$4,958$4,363$3,029
13 years$6,581$5,759$5,027$4,378$3,805$2,547
14 years$6,048$5,235$4,517$3,886$3,335$2,151
15 years$5,587$4,782$4,078$3,466$2,936$1,824
16 years$5,184$4,388$3,697$3,103$2,595$1,551
17 years$4,828$4,041$3,364$2,788$2,301$1,322
18 years$4,512$3,734$3,071$2,513$2,046$1,129
19 years$4,230$3,461$2,812$2,270$1,824$967
20 years$3,976$3,216$2,580$2,056$1,629$829
21 years$3,747$2,995$2,373$1,866$1,458$711
22 years$3,539$2,796$2,187$1,697$1,307$611
23 years$3,350$2,615$2,020$1,545$1,173$526
24 years$3,176$2,450$1,868$1,409$1,054$452
25 years$3,016$2,299$1,730$1,287$949$390
26 years$2,869$2,161$1,605$1,177$855$336
27 years$2,734$2,034$1,490$1,077$770$290
28 years$2,608$1,916$1,385$987$695$250
29 years$2,491$1,808$1,289$905$628$216
30 years$2,382$1,707$1,201$831$567$186
31 years$2,280$1,614$1,119$763$513$161
32 years$2,185$1,527$1,044$701$464$139
33 years$2,095$1,446$975$645$420$120
34 years$2,011$1,371$911$593$380$104
35 years$1,933$1,300$852$546$344$90
36 years$1,858$1,234$797$503$312$77
37 years$1,788$1,172$746$463$283$67
38 years$1,722$1,114$698$427$256$58
39 years$1,659$1,059$654$394$232$50
40 years$1,600$1,008$613$363$211$43
41 years$1,543$959$575$335$191$37
42 years$1,490$914$539$309$174$32
43 years$1,439$870$506$286$157$28
44 years$1,390$830$475$264$143$24
45 years$1,344$791$446$243$130$21
46 years$1,300$755$419$225$118$18
47 years$1,258$720$394$208$107$16
48 years$1,218$688$370$192$97$14
49 years$1,179$657$348$177$88$12
50 years$1,142$627$327$164$80$10

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 $5,052 every year, while hoping to spend $40,831 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: 59/23/18 Blend
50$1,170,000$1,170,000$1,170,000$1,170,000
51$1,294,551$1,232,541$1,214,406$1,364,579
52$1,383,151$1,249,492$1,211,645$1,429,531
53$1,479,421$1,265,905$1,207,423$1,495,403
54$1,584,098$1,281,710$1,201,647$1,566,311
55$1,697,996$1,296,834$1,194,223$1,642,745
56$1,822,009$1,311,197$1,185,047$1,725,251
57$1,957,123$1,324,714$1,174,015$1,814,429
58$2,104,420$1,337,296$1,161,015$1,910,940
59$2,265,094$1,348,846$1,145,932$2,015,515
60$2,440,455$1,359,262$1,128,643$2,128,960
61$2,631,950$1,368,434$1,109,021$2,252,164
62$2,841,168$1,376,246$1,086,932$2,386,110
63$3,069,861$1,382,575$1,062,237$2,531,878
64$3,319,955$1,387,290$1,034,791$2,690,665
65$3,593,573$1,390,250$1,004,439$2,863,788
66$3,893,052$1,391,307$971,022$3,052,700
67$4,220,965$1,390,303$934,374$3,259,007
68$4,580,147$1,387,071$894,318$3,484,477
69$4,973,717$1,381,433$850,673$3,731,063
70$5,405,113$1,373,200$803,247$4,000,919
71$5,878,120$1,362,172$751,841$4,296,420
72$6,396,906$1,348,136$696,246$4,620,187
73$6,966,064$1,330,869$636,244$4,975,111
74$7,590,652$1,310,130$571,607$5,364,381
75$8,276,240$1,285,668$502,098$5,791,513
76$9,028,965$1,257,214$427,467$6,260,388
77$9,855,587$1,224,486$347,455$6,775,283
78$10,763,553$1,187,182$261,791$7,340,919
79$11,761,067$1,144,985$170,192$7,962,499
80$12,857,166$1,097,559$72,364$8,645,764
81$14,061,805$1,044,548$0$9,397,043
82$15,385,954$985,576$0$10,229,472
83$16,841,696$920,244$0$11,159,827
84$18,442,345$848,131$0$12,182,750
85$20,202,568$768,793$0$13,307,669
86$22,138,525$681,760$0$14,544,978
87$24,268,022$586,533$0$15,906,132
88$26,610,676$482,589$0$17,403,760
89$29,188,100$369,371$0$19,051,781
90$32,024,111$246,295$0$20,865,535
91$35,144,948$112,741$0$22,861,936
92$38,579,523$0$0$25,059,622
93$42,359,693$0$0$27,487,224
94$46,520,560$0$0$30,190,829
95$51,100,800$0$0$33,167,048
96$56,143,033$0$0$36,443,590
97$61,694,216$0$0$40,050,985
98$67,806,095$0$0$44,022,874
99$74,535,687$0$0$48,396,326
100$81,945,818$0$0$53,212,188