Can I retire at age 51 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$99,095$98,212$97,351$96,510$95,690$95,047
2 years$49,057$48,143$47,258$46,399$45,567$44,918
3 years$32,380$31,462$30,579$29,728$28,909$28,275
4 years$24,043$23,128$22,254$21,418$20,618$20,004
5 years$19,042$18,133$17,270$16,451$15,674$15,081
6 years$15,709$14,807$13,956$13,156$12,402$11,831
7 years$13,329$12,435$11,598$10,816$10,086$9,538
8 years$11,546$10,659$9,836$9,073$8,367$7,841
9 years$10,159$9,280$8,472$7,729$7,047$6,542
10 years$9,050$8,180$7,386$6,662$6,004$5,522
11 years$8,143$7,282$6,502$5,798$5,164$4,703
12 years$7,388$6,536$5,771$5,086$4,475$4,035
13 years$6,750$5,907$5,156$4,490$3,902$3,483
14 years$6,204$5,369$4,632$3,986$3,421$3,022
15 years$5,730$4,905$4,182$3,554$3,012$2,633
16 years$5,316$4,500$3,792$3,183$2,662$2,302
17 years$4,952$4,144$3,451$2,860$2,360$2,019
18 years$4,628$3,830$3,150$2,577$2,098$1,775
19 years$4,339$3,549$2,884$2,329$1,870$1,565
20 years$4,078$3,298$2,646$2,109$1,671$1,382
21 years$3,843$3,072$2,434$1,914$1,495$1,222
22 years$3,630$2,868$2,244$1,740$1,340$1,083
23 years$3,435$2,682$2,071$1,585$1,203$960
24 years$3,257$2,513$1,916$1,446$1,081$853
25 years$3,094$2,358$1,774$1,320$973$758
26 years$2,943$2,216$1,646$1,207$876$674
27 years$2,804$2,086$1,528$1,105$790$600
28 years$2,675$1,966$1,421$1,012$713$535
29 years$2,555$1,854$1,322$928$644$477
30 years$2,443$1,751$1,231$852$582$426
31 years$2,338$1,655$1,148$782$526$380
32 years$2,241$1,566$1,071$719$476$339
33 years$2,149$1,483$1,000$661$431$303
34 years$2,063$1,406$934$608$390$271
35 years$1,982$1,333$874$560$353$242
36 years$1,906$1,266$817$516$320$216
37 years$1,834$1,202$765$475$290$193
38 years$1,766$1,142$716$438$263$173
39 years$1,702$1,086$671$404$238$155
40 years$1,641$1,034$629$373$216$138
41 years$1,583$984$590$344$196$124
42 years$1,528$937$553$317$178$111
43 years$1,476$893$519$293$162$99
44 years$1,426$851$487$270$147$89
45 years$1,378$811$458$250$133$80
46 years$1,333$774$430$231$121$71
47 years$1,290$739$404$213$110$64
48 years$1,249$705$379$197$100$57
49 years$1,209$673$357$182$91$51
50 years$1,172$643$335$168$82$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,200,000, adding $6,532 every year, while hoping to spend $57,022 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: 52/30/18 Blend
50$1,200,000$1,200,000$1,200,000$1,200,000
51$1,329,138$1,265,538$1,246,938$1,391,385
52$1,404,039$1,266,878$1,228,039$1,436,185
53$1,484,669$1,266,373$1,206,596$1,478,382
54$1,571,551$1,263,872$1,182,464$1,523,038
55$1,665,263$1,259,215$1,155,490$1,570,405
56$1,766,435$1,252,232$1,125,514$1,620,762
57$1,875,764$1,242,743$1,092,371$1,674,419
58$1,994,012$1,230,558$1,055,886$1,731,723
59$2,122,020$1,215,474$1,015,876$1,793,056
60$2,260,710$1,197,276$972,152$1,858,845
61$2,411,096$1,175,737$924,514$1,929,563
62$2,574,296$1,150,616$872,753$2,005,735
63$2,751,537$1,121,658$816,652$2,087,944
64$2,944,167$1,088,593$755,984$2,176,835
65$3,153,673$1,051,136$690,510$2,273,127
66$3,381,689$1,008,982$619,983$2,377,614
67$3,630,012$961,813$544,143$2,491,178
68$3,900,620$909,289$462,720$2,614,796
69$4,195,692$851,053$375,429$2,749,549
70$4,517,623$786,725$281,976$2,896,639
71$4,869,051$715,905$182,053$3,057,391
72$5,252,879$638,169$75,337$3,233,279
73$5,672,305$553,071$0$3,425,930
74$6,130,846$460,138$0$3,644,550
75$6,632,377$358,869$0$3,899,654
76$7,181,164$248,739$0$4,179,035
77$7,781,905$129,189$0$4,485,210
78$8,439,771$0$0$4,820,956
79$9,160,459$0$0$5,189,463
80$9,950,243$0$0$5,640,156
81$10,816,029$0$0$6,134,341
82$11,765,428$0$0$6,676,379
83$12,806,820$0$0$7,271,069
84$13,949,435$0$0$7,923,700
85$15,203,442$0$0$8,640,094
86$16,580,038$0$0$9,426,668
87$18,091,562$0$0$10,290,489
88$19,751,602$0$0$11,239,343
89$21,575,129$0$0$12,281,805
90$23,578,636$0$0$13,427,323
91$25,780,289$0$0$14,686,307
92$28,200,105$0$0$16,070,224
93$30,860,135$0$0$17,591,706
94$33,784,672$0$0$19,264,672
95$37,000,480$0$0$21,104,457
96$40,537,049$0$0$23,127,956
97$44,426,867$0$0$25,353,784
98$48,705,731$0$0$27,802,449
99$53,413,079$0$0$30,496,550
100$58,592,367$0$0$33,460,983