Can I retire at age 51 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$98,269$97,394$96,540$95,706$94,892$94,413
2 years$48,648$47,742$46,864$46,013$45,187$44,703
3 years$32,110$31,200$30,324$29,481$28,668$28,195
4 years$23,842$22,935$22,068$21,239$20,447$19,988
5 years$18,883$17,982$17,126$16,314$15,543$15,100
6 years$15,578$14,683$13,840$13,046$12,299$11,871
7 years$13,218$12,331$11,501$10,726$10,002$9,591
8 years$11,449$10,570$9,754$8,998$8,298$7,903
9 years$10,074$9,203$8,401$7,664$6,988$6,610
10 years$8,975$8,112$7,324$6,607$5,954$5,592
11 years$8,076$7,222$6,448$5,750$5,121$4,774
12 years$7,327$6,482$5,723$5,043$4,437$4,107
13 years$6,694$5,858$5,113$4,452$3,870$3,554
14 years$6,152$5,324$4,594$3,952$3,392$3,091
15 years$5,682$4,864$4,148$3,525$2,987$2,701
16 years$5,272$4,463$3,760$3,156$2,640$2,368
17 years$4,910$4,110$3,422$2,836$2,340$2,082
18 years$4,589$3,798$3,124$2,556$2,081$1,836
19 years$4,302$3,520$2,860$2,309$1,855$1,623
20 years$4,044$3,271$2,624$2,091$1,657$1,437
21 years$3,811$3,046$2,414$1,898$1,483$1,275
22 years$3,600$2,844$2,225$1,726$1,329$1,133
23 years$3,407$2,660$2,054$1,572$1,193$1,008
24 years$3,230$2,492$1,900$1,433$1,072$898
25 years$3,068$2,339$1,760$1,309$965$800
26 years$2,919$2,198$1,632$1,197$869$714
27 years$2,780$2,069$1,515$1,096$784$638
28 years$2,652$1,949$1,409$1,004$707$570
29 years$2,533$1,839$1,311$921$638$510
30 years$2,422$1,737$1,221$845$577$457
31 years$2,319$1,642$1,138$776$522$409
32 years$2,222$1,553$1,062$713$472$366
33 years$2,131$1,471$992$656$427$328
34 years$2,046$1,394$927$603$387$294
35 years$1,966$1,322$866$555$350$264
36 years$1,890$1,255$810$512$317$237
37 years$1,819$1,192$759$471$288$212
38 years$1,751$1,133$710$434$261$191
39 years$1,687$1,077$666$401$236$171
40 years$1,627$1,025$624$369$214$154
41 years$1,570$976$585$341$195$138
42 years$1,515$929$549$315$176$124
43 years$1,463$885$515$290$160$111
44 years$1,414$844$483$268$145$100
45 years$1,367$805$454$248$132$90
46 years$1,322$768$426$229$120$81
47 years$1,279$733$400$211$109$72
48 years$1,238$699$376$195$99$65
49 years$1,199$668$354$180$90$59
50 years$1,162$638$333$167$82$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,190,000, adding $3,394 every year, while hoping to spend $54,550 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: 38/45/17 Blend
50$1,190,000$1,190,000$1,190,000$1,190,000
51$1,314,881$1,251,811$1,233,366$1,358,000
52$1,390,958$1,255,109$1,216,643$1,392,570
53$1,472,967$1,256,740$1,197,531$1,424,446
54$1,561,454$1,256,565$1,175,894$1,457,742
55$1,657,022$1,254,437$1,151,586$1,492,616
56$1,760,332$1,250,198$1,124,457$1,529,244
57$1,872,109$1,243,681$1,094,350$1,567,823
58$1,993,153$1,234,710$1,061,099$1,608,577
59$2,124,341$1,223,097$1,024,532$1,651,753
60$2,266,638$1,208,643$984,469$1,697,631
61$2,421,107$1,191,138$940,720$1,746,522
62$2,588,914$1,170,359$893,089$1,798,776
63$2,771,345$1,146,068$841,369$1,854,784
64$2,969,812$1,118,015$785,345$1,914,979
65$3,185,871$1,085,935$724,791$1,979,850
66$3,421,231$1,049,547$659,473$2,049,938
67$3,677,775$1,008,554$589,144$2,125,849
68$3,957,575$962,640$513,548$2,208,256
69$4,262,913$911,474$432,416$2,297,912
70$4,596,297$854,703$345,469$2,395,651
71$4,960,491$791,956$252,414$2,502,404
72$5,358,537$722,837$152,946$2,619,206
73$5,793,784$646,933$46,746$2,747,206
74$6,269,920$563,802$0$2,887,684
75$6,791,004$472,981$0$3,054,138
76$7,361,508$373,979$0$3,245,901
77$7,986,355$266,277$0$3,456,301
78$8,670,966$149,327$0$3,687,349
79$9,421,313$22,552$0$3,941,273
80$10,243,971$0$0$4,220,538
81$11,146,183$0$0$4,584,649
82$12,135,927$0$0$4,996,501
83$13,221,989$0$0$5,448,606
84$14,414,047$0$0$5,945,013
85$15,722,763$0$0$6,490,184
86$17,159,880$0$0$7,089,034
87$18,738,335$0$0$7,746,978
88$20,472,379$0$0$8,469,979
89$22,377,712$0$0$9,264,611
90$24,471,629$0$0$10,138,112
91$26,773,184$0$0$11,098,458
92$29,303,370$0$0$12,154,436
93$32,085,313$0$0$13,315,729
94$35,144,494$0$0$14,593,001
95$38,508,985$0$0$15,998,006
96$42,209,717$0$0$17,543,692
97$46,280,766$0$0$19,244,325
98$50,759,682$0$0$21,115,625
99$55,687,832$0$0$23,174,912
100$61,110,799$0$0$25,441,268