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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$97,443$96,575$95,728$94,902$94,095$91,523
2 years$48,239$47,341$46,470$45,626$44,807$42,235
3 years$31,840$30,938$30,069$29,233$28,427$25,935
4 years$23,642$22,743$21,883$21,061$20,275$17,882
5 years$18,725$17,830$16,982$16,177$15,413$13,125
6 years$15,447$14,560$13,724$12,937$12,195$10,016
7 years$13,107$12,227$11,405$10,636$9,918$7,847
8 years$11,353$10,481$9,672$8,922$8,228$6,264
9 years$9,989$9,126$8,331$7,600$6,929$5,070
10 years$8,899$8,044$7,263$6,551$5,904$4,148
11 years$8,008$7,161$6,394$5,701$5,078$3,421
12 years$7,265$6,427$5,675$5,001$4,400$2,841
13 years$6,638$5,808$5,070$4,415$3,837$2,371
14 years$6,100$5,280$4,555$3,919$3,364$1,988
15 years$5,635$4,823$4,113$3,495$2,962$1,672
16 years$5,228$4,425$3,729$3,130$2,617$1,411
17 years$4,869$4,075$3,393$2,812$2,321$1,193
18 years$4,551$3,766$3,097$2,534$2,064$1,011
19 years$4,266$3,490$2,836$2,290$1,839$858
20 years$4,010$3,243$2,602$2,074$1,643$730
21 years$3,779$3,021$2,394$1,882$1,470$621
22 years$3,569$2,820$2,206$1,711$1,318$529
23 years$3,378$2,637$2,037$1,558$1,183$451
24 years$3,203$2,471$1,884$1,421$1,063$385
25 years$3,042$2,319$1,745$1,298$957$329
26 years$2,894$2,179$1,618$1,187$862$281
27 years$2,757$2,051$1,503$1,086$777$240
28 years$2,630$1,933$1,397$995$701$205
29 years$2,512$1,823$1,300$913$633$175
30 years$2,402$1,722$1,211$838$572$150
31 years$2,299$1,628$1,129$769$517$128
32 years$2,203$1,540$1,053$707$468$110
33 years$2,113$1,459$983$650$423$94
34 years$2,029$1,382$919$598$383$81
35 years$1,949$1,311$859$551$347$69
36 years$1,874$1,245$804$507$315$59
37 years$1,803$1,182$752$467$285$51
38 years$1,736$1,123$704$431$258$43
39 years$1,673$1,068$660$397$234$37
40 years$1,613$1,016$619$366$213$32
41 years$1,556$967$580$338$193$27
42 years$1,502$921$544$312$175$23
43 years$1,451$878$511$288$159$20
44 years$1,402$837$479$266$144$17
45 years$1,355$798$450$246$131$15
46 years$1,311$761$423$227$119$13
47 years$1,269$726$397$210$108$11
48 years$1,228$693$373$194$98$9
49 years$1,189$662$351$179$89$8
50 years$1,152$633$330$165$81$7

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 $6,850 every year, while hoping to spend $59,834 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: 36/49/15 Blend
50$1,180,000$1,180,000$1,180,000$1,180,000
51$1,307,426$1,244,886$1,226,596$1,348,254
52$1,377,120$1,242,222$1,204,024$1,375,686
53$1,451,918$1,237,423$1,178,690$1,399,097
54$1,532,277$1,230,320$1,150,440$1,423,083
55$1,618,699$1,220,735$1,119,109$1,447,724
56$1,711,735$1,208,479$1,084,527$1,473,118
57$1,811,990$1,193,353$1,046,517$1,499,373
58$1,920,129$1,175,144$1,004,892$1,526,615
59$2,036,883$1,153,627$959,457$1,554,989
60$2,163,055$1,128,564$910,008$1,584,659
61$2,299,526$1,099,703$856,333$1,615,813
62$2,447,266$1,066,777$798,208$1,648,664
63$2,607,340$1,029,502$735,402$1,683,452
64$2,780,922$987,581$667,671$1,720,453
65$2,969,299$940,696$594,761$1,759,975
66$3,173,890$888,512$516,407$1,802,368
67$3,396,253$830,675$432,334$1,848,025
68$3,638,104$766,811$342,250$1,897,390
69$3,901,330$696,524$245,854$1,950,962
70$4,188,007$619,396$142,832$2,009,300
71$4,500,421$534,983$32,854$2,073,033
72$4,841,086$442,819$0$2,142,865
73$5,212,769$342,410$0$2,233,112
74$5,618,519$233,235$0$2,337,620
75$6,061,687$114,743$0$2,452,173
76$6,545,965$0$0$2,577,937
77$7,075,419$0$0$2,723,566
78$7,654,523$0$0$2,950,681
79$8,288,203$0$0$3,199,365
80$8,981,886$0$0$3,471,768
81$9,741,546$0$0$3,770,257
82$10,573,761$0$0$4,097,440
83$11,485,778$0$0$4,456,187
84$12,485,575$0$0$4,849,663
85$13,581,941$0$0$5,281,349
86$14,784,556$0$0$5,755,084
87$16,104,082$0$0$6,275,094
88$17,552,261$0$0$6,846,033
89$19,142,030$0$0$7,473,031
90$20,887,638$0$0$8,161,737
91$22,804,781$0$0$8,918,375
92$24,910,750$0$0$9,749,800
93$27,224,595$0$0$10,663,565
94$29,767,300$0$0$11,667,992
95$32,561,983$0$0$12,772,249
96$35,634,114$0$0$13,986,434
97$39,011,753$0$0$15,321,675
98$42,725,814$0$0$16,790,233
99$46,810,357$0$0$18,405,614
100$51,302,910$0$0$20,182,702