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%14.7%
1 years$98,269$97,394$96,540$95,706$94,892$93,052
2 years$48,648$47,742$46,864$46,013$45,187$43,341
3 years$32,110$31,200$30,324$29,481$28,668$26,874
4 years$23,842$22,935$22,068$21,239$20,447$18,717
5 years$18,883$17,982$17,126$16,314$15,543$13,883
6 years$15,578$14,683$13,840$13,046$12,299$10,711
7 years$13,218$12,331$11,501$10,726$10,002$8,486
8 years$11,449$10,570$9,754$8,998$8,298$6,854
9 years$10,074$9,203$8,401$7,664$6,988$5,615
10 years$8,975$8,112$7,324$6,607$5,954$4,651
11 years$8,076$7,222$6,448$5,750$5,121$3,885
12 years$7,327$6,482$5,723$5,043$4,437$3,268
13 years$6,694$5,858$5,113$4,452$3,870$2,765
14 years$6,152$5,324$4,594$3,952$3,392$2,350
15 years$5,682$4,864$4,148$3,525$2,987$2,004
16 years$5,272$4,463$3,760$3,156$2,640$1,715
17 years$4,910$4,110$3,422$2,836$2,340$1,472
18 years$4,589$3,798$3,124$2,556$2,081$1,266
19 years$4,302$3,520$2,860$2,309$1,855$1,091
20 years$4,044$3,271$2,624$2,091$1,657$941
21 years$3,811$3,046$2,414$1,898$1,483$813
22 years$3,600$2,844$2,225$1,726$1,329$704
23 years$3,407$2,660$2,054$1,572$1,193$610
24 years$3,230$2,492$1,900$1,433$1,072$528
25 years$3,068$2,339$1,760$1,309$965$458
26 years$2,919$2,198$1,632$1,197$869$398
27 years$2,780$2,069$1,515$1,096$784$346
28 years$2,652$1,949$1,409$1,004$707$300
29 years$2,533$1,839$1,311$921$638$261
30 years$2,422$1,737$1,221$845$577$227
31 years$2,319$1,642$1,138$776$522$198
32 years$2,222$1,553$1,062$713$472$172
33 years$2,131$1,471$992$656$427$150
34 years$2,046$1,394$927$603$387$130
35 years$1,966$1,322$866$555$350$113
36 years$1,890$1,255$810$512$317$99
37 years$1,819$1,192$759$471$288$86
38 years$1,751$1,133$710$434$261$75
39 years$1,687$1,077$666$401$236$65
40 years$1,627$1,025$624$369$214$57
41 years$1,570$976$585$341$195$50
42 years$1,515$929$549$315$176$43
43 years$1,463$885$515$290$160$38
44 years$1,414$844$483$268$145$33
45 years$1,367$805$454$248$132$29
46 years$1,322$768$426$229$120$25
47 years$1,279$733$400$211$109$22
48 years$1,238$699$376$195$99$19
49 years$1,199$668$354$180$90$17
50 years$1,162$638$333$167$82$14

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 $3,382 every year, while hoping to spend $40,996 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: 64/18/18 Blend
50$1,190,000$1,190,000$1,190,000$1,190,000
51$1,314,869$1,251,799$1,233,354$1,392,876
52$1,405,366$1,269,517$1,231,051$1,463,394
53$1,503,720$1,286,730$1,227,298$1,535,423
54$1,610,688$1,303,369$1,222,002$1,613,136
55$1,727,106$1,319,362$1,215,066$1,697,090
56$1,853,890$1,334,630$1,206,390$1,787,898
57$1,992,050$1,349,090$1,195,868$1,886,238
58$2,142,699$1,362,655$1,183,389$1,992,855
59$2,307,059$1,375,230$1,168,837$2,108,575
60$2,486,476$1,386,713$1,152,090$2,234,304
61$2,682,433$1,396,998$1,133,022$2,371,044
62$2,896,560$1,405,971$1,111,498$2,519,900
63$3,130,656$1,413,510$1,087,379$2,682,089
64$3,386,696$1,419,485$1,060,520$2,858,956
65$3,666,859$1,423,760$1,030,767$3,051,981
66$3,973,543$1,426,188$997,962$3,262,799
67$4,309,387$1,426,614$961,936$3,493,212
68$4,677,299$1,424,873$922,516$3,745,206
69$5,080,481$1,420,789$879,518$4,020,974
70$5,522,460$1,414,178$832,752$4,322,931
71$6,007,120$1,404,841$782,017$4,653,743
72$6,538,738$1,392,570$727,107$5,016,349
73$7,122,026$1,377,143$667,802$5,413,990
74$7,762,174$1,358,325$603,875$5,850,239
75$8,464,899$1,335,866$535,088$6,329,038
76$9,236,498$1,309,502$461,192$6,854,731
77$10,083,908$1,278,955$381,929$7,432,110
78$11,014,770$1,243,927$297,027$8,066,459
79$12,037,502$1,204,105$206,203$8,763,603
80$13,161,379$1,159,158$109,162$9,529,966
81$14,396,616$1,108,733$5,596$10,372,629
82$15,754,471$1,052,461$0$11,299,402
83$17,247,342$989,947$0$12,339,046
84$18,888,893$920,776$0$13,483,357
85$20,694,175$844,510$0$14,741,794
86$22,679,773$760,682$0$16,125,962
87$24,863,957$668,803$0$17,648,658
88$27,266,860$568,353$0$19,323,979
89$29,910,662$458,785$0$21,167,467
90$32,819,803$339,520$0$23,196,248
91$36,021,212$209,945$0$25,429,199
92$39,544,559$69,416$0$27,887,123
93$43,422,537$0$0$30,592,948
94$47,691,168$0$0$33,588,334
95$52,390,145$0$0$36,900,939
96$57,563,203$0$0$40,547,857
97$63,258,535$0$0$44,563,075
98$69,529,244$0$0$48,984,046
99$76,433,842$0$0$53,852,034
100$84,036,807$0$0$59,212,513