Can I retire at age 51 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$97,443$96,575$95,728$94,902$94,095$92,007
2 years$48,239$47,341$46,470$45,626$44,807$42,715
3 years$31,840$30,938$30,069$29,233$28,427$26,395
4 years$23,642$22,743$21,883$21,061$20,275$18,319
5 years$18,725$17,830$16,982$16,177$15,413$13,538
6 years$15,447$14,560$13,724$12,937$12,195$10,405
7 years$13,107$12,227$11,405$10,636$9,918$8,212
8 years$11,353$10,481$9,672$8,922$8,228$6,605
9 years$9,989$9,126$8,331$7,600$6,929$5,388
10 years$8,899$8,044$7,263$6,551$5,904$4,444
11 years$8,008$7,161$6,394$5,701$5,078$3,696
12 years$7,265$6,427$5,675$5,001$4,400$3,095
13 years$6,638$5,808$5,070$4,415$3,837$2,606
14 years$6,100$5,280$4,555$3,919$3,364$2,204
15 years$5,635$4,823$4,113$3,495$2,962$1,871
16 years$5,228$4,425$3,729$3,130$2,617$1,593
17 years$4,869$4,075$3,393$2,812$2,321$1,360
18 years$4,551$3,766$3,097$2,534$2,064$1,164
19 years$4,266$3,490$2,836$2,290$1,839$998
20 years$4,010$3,243$2,602$2,074$1,643$856
21 years$3,779$3,021$2,394$1,882$1,470$736
22 years$3,569$2,820$2,206$1,711$1,318$634
23 years$3,378$2,637$2,037$1,558$1,183$546
24 years$3,203$2,471$1,884$1,421$1,063$471
25 years$3,042$2,319$1,745$1,298$957$406
26 years$2,894$2,179$1,618$1,187$862$350
27 years$2,757$2,051$1,503$1,086$777$303
28 years$2,630$1,933$1,397$995$701$262
29 years$2,512$1,823$1,300$913$633$226
30 years$2,402$1,722$1,211$838$572$195
31 years$2,299$1,628$1,129$769$517$169
32 years$2,203$1,540$1,053$707$468$146
33 years$2,113$1,459$983$650$423$127
34 years$2,029$1,382$919$598$383$110
35 years$1,949$1,311$859$551$347$95
36 years$1,874$1,245$804$507$315$82
37 years$1,803$1,182$752$467$285$71
38 years$1,736$1,123$704$431$258$62
39 years$1,673$1,068$660$397$234$53
40 years$1,613$1,016$619$366$213$46
41 years$1,556$967$580$338$193$40
42 years$1,502$921$544$312$175$35
43 years$1,451$878$511$288$159$30
44 years$1,402$837$479$266$144$26
45 years$1,355$798$450$246$131$23
46 years$1,311$761$423$227$119$20
47 years$1,269$726$397$210$108$17
48 years$1,228$693$373$194$98$15
49 years$1,189$662$351$179$89$13
50 years$1,152$633$330$165$81$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,180,000, adding $3,905 every year, while hoping to spend $36,801 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: 38/46/16 Blend
50$1,180,000$1,180,000$1,180,000$1,180,000
51$1,304,388$1,241,848$1,223,558$1,347,526
52$1,398,280$1,263,543$1,225,391$1,400,494
53$1,500,515$1,285,067$1,226,052$1,453,884
54$1,611,906$1,306,373$1,225,464$1,510,799
55$1,733,346$1,327,412$1,223,543$1,571,575
56$1,865,820$1,348,127$1,220,204$1,636,584
57$2,010,409$1,368,461$1,215,356$1,706,236
58$2,168,307$1,388,352$1,208,907$1,780,984
59$2,340,824$1,407,731$1,200,755$1,861,330
60$2,529,405$1,426,527$1,190,798$1,947,826
61$2,735,642$1,444,664$1,178,926$2,041,083
62$2,961,283$1,462,059$1,165,027$2,141,777
63$3,208,259$1,478,624$1,148,979$2,250,652
64$3,478,690$1,494,266$1,130,660$2,368,532
65$3,774,917$1,508,885$1,109,937$2,496,327
66$4,099,512$1,522,374$1,086,673$2,635,040
67$4,455,312$1,534,621$1,060,727$2,785,781
68$4,845,440$1,545,503$1,031,947$2,949,774
69$5,273,335$1,554,893$1,000,178$3,128,371
70$5,742,786$1,562,653$965,254$3,323,067
71$6,257,965$1,568,638$927,005$3,535,510
72$6,823,469$1,572,692$885,251$3,767,521
73$7,444,360$1,574,652$839,805$4,021,109
74$8,126,217$1,574,342$790,470$4,298,494
75$8,875,183$1,571,577$737,043$4,602,125
76$9,698,027$1,566,159$679,309$4,934,705
77$10,602,204$1,557,879$617,044$5,299,220
78$11,595,929$1,546,516$550,015$5,698,964
79$12,688,252$1,531,833$477,979$6,137,572
80$13,889,142$1,513,581$400,679$6,619,057
81$15,209,583$1,491,495$317,851$7,147,847
82$16,661,678$1,465,296$229,216$7,728,829
83$18,258,758$1,434,685$134,484$8,367,395
84$20,015,515$1,399,348$33,353$9,069,495
85$21,948,134$1,358,952$0$9,841,694
86$24,074,447$1,313,144$0$10,703,967
87$26,414,104$1,261,551$0$11,658,476
88$28,988,754$1,203,779$0$12,708,398
89$31,822,251$1,139,408$0$13,863,520
90$34,940,879$1,067,997$0$15,134,635
91$38,373,599$989,080$0$16,533,644
92$42,152,322$902,161$0$18,073,672
93$46,312,210$806,718$0$19,769,191
94$50,892,008$702,199$0$21,636,159
95$55,934,408$588,022$0$23,692,171
96$61,486,452$463,570$0$25,956,630
97$67,599,977$328,191$0$28,450,928
98$74,332,101$181,200$0$31,198,651
99$81,745,765$21,868$0$34,225,807
100$89,910,325$0$0$37,561,067