Can I retire at age 51 with 1,220,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$100,746$99,849$98,974$98,119$97,285$94,397
2 years$49,874$48,946$48,045$47,173$46,326$43,441
3 years$32,919$31,987$31,089$30,224$29,391$26,599
4 years$24,443$23,513$22,625$21,775$20,962$18,284
5 years$19,359$18,435$17,558$16,725$15,935$13,378
6 years$15,971$15,053$14,189$13,375$12,609$10,176
7 years$13,552$12,642$11,791$10,996$10,254$7,945
8 years$11,738$10,836$10,000$9,225$8,507$6,320
9 years$10,328$9,435$8,613$7,857$7,164$5,097
10 years$9,201$8,317$7,509$6,773$6,104$4,154
11 years$8,279$7,404$6,611$5,895$5,250$3,413
12 years$7,512$6,645$5,867$5,170$4,549$2,823
13 years$6,863$6,005$5,242$4,565$3,967$2,347
14 years$6,307$5,459$4,710$4,052$3,478$1,959
15 years$5,826$4,987$4,252$3,614$3,062$1,641
16 years$5,405$4,575$3,855$3,236$2,706$1,379
17 years$5,034$4,213$3,508$2,907$2,399$1,161
18 years$4,705$3,893$3,202$2,620$2,133$979
19 years$4,411$3,608$2,932$2,367$1,902$828
20 years$4,146$3,353$2,691$2,144$1,699$700
21 years$3,907$3,123$2,475$1,946$1,520$593
22 years$3,690$2,915$2,281$1,769$1,362$503
23 years$3,493$2,727$2,106$1,611$1,223$427
24 years$3,312$2,555$1,948$1,470$1,099$363
25 years$3,145$2,398$1,804$1,342$989$308
26 years$2,992$2,253$1,673$1,227$891$262
27 years$2,850$2,121$1,554$1,123$803$223
28 years$2,719$1,998$1,444$1,029$725$190
29 years$2,597$1,885$1,344$944$655$161
30 years$2,483$1,780$1,252$866$591$137
31 years$2,377$1,683$1,167$795$535$117
32 years$2,278$1,592$1,089$731$484$100
33 years$2,185$1,508$1,017$672$438$85
34 years$2,097$1,429$950$619$396$72
35 years$2,015$1,356$888$569$359$62
36 years$1,938$1,287$831$524$325$52
37 years$1,864$1,222$778$483$295$45
38 years$1,795$1,161$728$445$267$38
39 years$1,730$1,104$682$411$242$32
40 years$1,668$1,051$640$379$220$28
41 years$1,609$1,000$600$349$199$24
42 years$1,553$953$563$323$181$20
43 years$1,500$908$528$298$164$17
44 years$1,450$865$495$275$149$15
45 years$1,401$825$465$254$135$12
46 years$1,355$787$437$234$123$11
47 years$1,312$751$411$217$112$9
48 years$1,270$717$386$200$101$8
49 years$1,230$685$363$185$92$7
50 years$1,191$654$341$171$84$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,220,000, adding $3,372 every year, while hoping to spend $41,266 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: 65/23/12 Blend
50$1,220,000$1,220,000$1,220,000$1,220,000
51$1,347,918$1,283,258$1,264,348$1,431,646
52$1,441,499$1,302,231$1,262,797$1,506,930
53$1,543,242$1,320,751$1,259,811$1,584,019
54$1,653,937$1,338,751$1,255,298$1,667,209
55$1,774,450$1,356,162$1,249,163$1,757,093
56$1,905,738$1,372,908$1,241,304$1,854,324
57$2,048,852$1,388,909$1,231,616$1,959,623
58$2,204,948$1,404,079$1,219,989$2,073,784
59$2,375,300$1,418,326$1,206,306$2,197,684
60$2,561,310$1,431,553$1,190,446$2,332,287
61$2,764,520$1,443,656$1,172,282$2,478,659
62$2,986,629$1,454,523$1,151,682$2,637,972
63$3,229,507$1,464,036$1,128,505$2,811,520
64$3,495,214$1,472,071$1,102,607$3,000,731
65$3,786,016$1,478,493$1,073,834$3,207,177
66$4,104,410$1,483,159$1,042,028$3,432,593
67$4,453,145$1,485,919$1,007,021$3,678,890
68$4,835,248$1,486,612$968,639$3,948,178
69$5,254,055$1,485,067$926,700$4,242,780
70$5,713,236$1,481,103$881,012$4,565,260
71$6,216,837$1,474,528$831,377$4,918,445
72$6,769,312$1,465,138$777,586$5,305,449
73$7,375,568$1,452,715$719,421$5,729,709
74$8,041,009$1,437,031$656,654$6,195,013
75$8,771,589$1,417,843$589,049$6,705,537
76$9,573,865$1,394,891$516,357$7,265,885
77$10,455,062$1,367,904$438,318$7,881,134
78$11,423,139$1,336,591$354,661$8,556,882
79$12,486,861$1,300,646$265,104$9,299,300
80$13,655,888$1,259,745$169,352$10,115,191
81$14,940,859$1,213,543$67,096$11,012,056
82$16,353,498$1,161,678$0$11,998,165
83$17,906,719$1,103,765$0$13,088,015
84$19,614,751$1,039,396$0$14,295,795
85$21,493,271$968,142$0$15,624,030
86$23,559,552$889,548$0$17,084,981
87$25,832,623$803,133$0$18,692,164
88$28,333,452$708,388$0$20,460,475
89$31,085,142$604,776$0$22,406,333
90$34,113,147$491,731$0$24,547,833
91$37,445,514$368,652$0$26,904,922
92$41,113,146$234,906$0$29,499,581
93$45,150,095$89,824$0$32,356,041
94$49,593,881$0$0$35,501,006
95$54,485,844$0$0$38,980,942
96$59,871,539$0$0$42,837,226
97$65,801,162$0$0$47,083,079
98$72,330,021$0$0$51,758,117
99$79,519,065$0$0$56,905,995
100$87,435,449$0$0$62,574,816