Can I retire at age 51 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$99,921$99,031$98,162$97,315$96,487$95,281
2 years$49,466$48,544$47,652$46,786$45,946$44,733
3 years$32,650$31,724$30,834$29,976$29,150$27,967
4 years$24,243$23,321$22,439$21,596$20,790$19,646
5 years$19,201$18,284$17,414$16,588$15,804$14,703
6 years$15,840$14,930$14,073$13,265$12,505$11,448
7 years$13,441$12,538$11,695$10,906$10,170$9,158
8 years$11,642$10,748$9,918$9,149$8,437$7,469
9 years$10,243$9,358$8,542$7,793$7,105$6,181
10 years$9,125$8,248$7,447$6,718$6,054$5,173
11 years$8,211$7,343$6,557$5,846$5,207$4,368
12 years$7,450$6,591$5,819$5,128$4,512$3,715
13 years$6,806$5,956$5,199$4,527$3,935$3,178
14 years$6,255$5,414$4,671$4,019$3,449$2,731
15 years$5,778$4,946$4,217$3,584$3,037$2,357
16 years$5,361$4,538$3,824$3,209$2,684$2,042
17 years$4,993$4,179$3,479$2,883$2,380$1,773
18 years$4,667$3,862$3,176$2,599$2,116$1,544
19 years$4,375$3,579$2,908$2,348$1,886$1,347
20 years$4,112$3,326$2,668$2,127$1,685$1,177
21 years$3,875$3,098$2,455$1,930$1,508$1,030
22 years$3,660$2,892$2,262$1,755$1,351$903
23 years$3,464$2,704$2,089$1,598$1,213$793
24 years$3,285$2,534$1,932$1,458$1,090$696
25 years$3,120$2,378$1,789$1,331$981$612
26 years$2,968$2,235$1,659$1,217$884$539
27 years$2,827$2,103$1,541$1,114$797$474
28 years$2,697$1,982$1,432$1,021$719$418
29 years$2,576$1,870$1,333$936$649$368
30 years$2,463$1,766$1,242$859$587$325
31 years$2,358$1,669$1,158$789$530$287
32 years$2,259$1,579$1,080$725$480$253
33 years$2,167$1,496$1,008$667$434$223
34 years$2,080$1,418$942$613$393$197
35 years$1,999$1,345$881$565$356$174
36 years$1,922$1,276$824$520$323$154
37 years$1,849$1,212$771$479$292$136
38 years$1,781$1,152$722$442$265$120
39 years$1,716$1,095$677$407$240$106
40 years$1,654$1,042$634$376$218$94
41 years$1,596$992$595$347$198$83
42 years$1,541$945$558$320$179$73
43 years$1,488$900$524$295$163$65
44 years$1,438$858$491$273$148$57
45 years$1,390$818$461$252$134$51
46 years$1,344$781$433$233$122$45
47 years$1,301$745$407$215$111$40
48 years$1,259$711$383$199$100$35
49 years$1,219$679$360$183$91$31
50 years$1,181$649$338$170$83$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,210,000, adding $6,157 every year, while hoping to spend $22,088 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: 76/15/9 Blend
50$1,210,000$1,210,000$1,210,000$1,210,000
51$1,339,771$1,275,641$1,256,886$1,439,158
52$1,452,926$1,314,646$1,275,490$1,544,419
53$1,576,883$1,354,822$1,293,977$1,656,342
54$1,712,720$1,396,203$1,312,320$1,778,392
55$1,861,624$1,438,824$1,330,490$1,911,568
56$2,024,904$1,482,720$1,348,456$2,056,968
57$2,204,001$1,527,930$1,366,185$2,215,802
58$2,400,501$1,574,491$1,383,645$2,389,401
59$2,616,152$1,622,441$1,400,797$2,579,232
60$2,852,880$1,671,821$1,417,604$2,786,910
61$3,112,805$1,722,672$1,434,025$3,014,215
62$3,398,264$1,775,036$1,450,018$3,263,106
63$3,711,831$1,828,956$1,465,537$3,535,741
64$4,056,340$1,884,477$1,480,535$3,834,497
65$4,434,915$1,941,645$1,494,961$4,161,992
66$4,850,996$2,000,506$1,508,763$4,521,112
67$5,308,375$2,061,108$1,521,884$4,915,033
68$5,811,228$2,123,501$1,534,266$5,347,255
69$6,364,156$2,187,735$1,545,846$5,821,634
70$6,972,229$2,253,862$1,556,560$6,342,419
71$7,641,031$2,321,936$1,566,340$6,914,289
72$8,376,716$2,392,011$1,575,112$7,542,400
73$9,186,065$2,464,144$1,582,802$8,232,432
74$10,076,547$2,538,390$1,589,330$8,990,643
75$11,056,394$2,614,811$1,594,612$9,823,929
76$12,134,674$2,693,465$1,598,560$10,739,887
77$13,321,381$2,774,414$1,601,081$11,746,887
78$14,627,524$2,857,723$1,602,080$12,854,151
79$16,065,236$2,943,456$1,601,454$14,071,841
80$17,647,885$3,031,680$1,599,097$15,411,153
81$19,390,199$3,122,462$1,594,897$16,884,425
82$21,308,409$3,215,873$1,588,736$18,505,250
83$23,420,400$3,311,984$1,580,492$20,288,606
84$25,745,878$3,410,868$1,570,035$22,250,997
85$28,306,557$3,512,600$1,557,231$24,410,609
86$31,126,366$3,617,257$1,541,938$26,787,481
87$34,231,670$3,724,917$1,524,008$29,403,695
88$37,651,523$3,835,661$1,503,285$32,283,581
89$41,417,940$3,949,570$1,479,606$35,453,950
90$45,566,199$4,066,729$1,452,803$38,944,347
91$50,135,175$4,187,222$1,422,695$42,787,327
92$55,167,705$4,311,138$1,389,098$47,018,763
93$60,710,994$4,438,567$1,351,815$51,678,186
94$66,817,058$4,569,599$1,310,644$56,809,157
95$73,543,217$4,704,329$1,265,369$62,459,677
96$80,952,635$4,842,851$1,215,769$68,682,643
97$89,114,916$4,985,263$1,161,610$75,536,342
98$98,106,761$5,131,664$1,102,647$83,085,006
99$108,012,690$5,282,155$1,038,626$91,399,416
100$118,925,845$5,436,841$969,280$100,557,570