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%12.6%
1 years$99,921$99,031$98,162$97,315$96,487$95,440
2 years$49,466$48,544$47,652$46,786$45,946$44,892
3 years$32,650$31,724$30,834$29,976$29,150$28,121
4 years$24,243$23,321$22,439$21,596$20,790$19,795
5 years$19,201$18,284$17,414$16,588$15,804$14,845
6 years$15,840$14,930$14,073$13,265$12,505$11,584
7 years$13,441$12,538$11,695$10,906$10,170$9,287
8 years$11,642$10,748$9,918$9,149$8,437$7,591
9 years$10,243$9,358$8,542$7,793$7,105$6,297
10 years$9,125$8,248$7,447$6,718$6,054$5,283
11 years$8,211$7,343$6,557$5,846$5,207$4,472
12 years$7,450$6,591$5,819$5,128$4,512$3,813
13 years$6,806$5,956$5,199$4,527$3,935$3,270
14 years$6,255$5,414$4,671$4,019$3,449$2,818
15 years$5,778$4,946$4,217$3,584$3,037$2,439
16 years$5,361$4,538$3,824$3,209$2,684$2,118
17 years$4,993$4,179$3,479$2,883$2,380$1,845
18 years$4,667$3,862$3,176$2,599$2,116$1,611
19 years$4,375$3,579$2,908$2,348$1,886$1,409
20 years$4,112$3,326$2,668$2,127$1,685$1,235
21 years$3,875$3,098$2,455$1,930$1,508$1,085
22 years$3,660$2,892$2,262$1,755$1,351$954
23 years$3,464$2,704$2,089$1,598$1,213$840
24 years$3,285$2,534$1,932$1,458$1,090$740
25 years$3,120$2,378$1,789$1,331$981$653
26 years$2,968$2,235$1,659$1,217$884$576
27 years$2,827$2,103$1,541$1,114$797$509
28 years$2,697$1,982$1,432$1,021$719$450
29 years$2,576$1,870$1,333$936$649$398
30 years$2,463$1,766$1,242$859$587$352
31 years$2,358$1,669$1,158$789$530$312
32 years$2,259$1,579$1,080$725$480$276
33 years$2,167$1,496$1,008$667$434$244
34 years$2,080$1,418$942$613$393$217
35 years$1,999$1,345$881$565$356$192
36 years$1,922$1,276$824$520$323$170
37 years$1,849$1,212$771$479$292$151
38 years$1,781$1,152$722$442$265$134
39 years$1,716$1,095$677$407$240$119
40 years$1,654$1,042$634$376$218$105
41 years$1,596$992$595$347$198$93
42 years$1,541$945$558$320$179$83
43 years$1,488$900$524$295$163$74
44 years$1,438$858$491$273$148$65
45 years$1,390$818$461$252$134$58
46 years$1,344$781$433$233$122$51
47 years$1,301$745$407$215$111$46
48 years$1,259$711$383$199$100$41
49 years$1,219$679$360$183$91$36
50 years$1,181$649$338$170$83$32

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 $6,507 every year, while hoping to spend $57,364 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: 45/36/19 Blend
50$1,210,000$1,210,000$1,210,000$1,210,000
51$1,340,132$1,276,002$1,257,247$1,392,851
52$1,415,791$1,277,491$1,238,330$1,431,954
53$1,497,244$1,277,131$1,216,856$1,468,128
54$1,585,022$1,274,770$1,192,681$1,506,157
55$1,679,708$1,270,247$1,165,649$1,546,239
56$1,781,942$1,263,393$1,135,602$1,588,595
57$1,892,427$1,254,026$1,102,372$1,633,475
58$2,011,937$1,241,956$1,065,783$1,681,153
59$2,141,321$1,226,978$1,025,653$1,731,940
60$2,281,513$1,208,877$981,790$1,786,180
61$2,433,541$1,187,426$933,994$1,844,256
62$2,598,534$1,162,381$882,054$1,906,597
63$2,777,734$1,133,488$825,753$1,973,679
64$2,972,509$1,100,475$764,862$2,046,033
65$3,184,361$1,063,055$699,141$2,124,249
66$3,414,945$1,020,924$628,342$2,208,984
67$3,666,081$973,760$552,202$2,300,967
68$3,939,771$921,224$470,451$2,401,011
69$4,238,219$862,956$382,803$2,510,017
70$4,563,852$798,575$288,961$2,628,987
71$4,919,340$727,680$188,616$2,759,030
72$5,307,621$649,845$81,443$2,901,383
73$5,731,932$564,621$0$3,057,413
74$6,195,835$471,533$0$3,235,314
75$6,703,253$370,081$0$3,448,149
76$7,258,504$259,734$0$3,681,330
77$7,866,343$139,932$0$3,937,004
78$8,532,007$10,086$0$4,217,544
79$9,261,262$0$0$4,525,573
80$10,060,460$0$0$4,915,660
81$10,936,594$0$0$5,347,826
82$11,897,368$0$0$5,821,891
83$12,951,266$0$0$6,342,062
84$14,107,634$0$0$6,912,969
85$15,376,763$0$0$7,539,716
86$16,769,994$0$0$8,227,922
87$18,299,816$0$0$8,983,779
88$19,979,986$0$0$9,814,106
89$21,825,663$0$0$10,726,417
90$23,853,541$0$0$11,728,988
91$26,082,015$0$0$12,830,939
92$28,531,349$0$0$14,042,315
93$31,223,868$0$0$15,374,184
94$34,184,167$0$0$16,838,740
95$37,439,343$0$0$18,449,416
96$41,019,252$0$0$20,221,015
97$44,956,786$0$0$22,169,845
98$49,288,185$0$0$24,313,873
99$54,053,381$0$0$26,672,897
100$59,296,367$0$0$29,268,730