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

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$100,746$99,849$98,974$98,119$97,285$94,170
2 years$49,874$48,946$48,045$47,173$46,326$43,217
3 years$32,919$31,987$31,089$30,224$29,391$26,385
4 years$24,443$23,513$22,625$21,775$20,962$18,082
5 years$19,359$18,435$17,558$16,725$15,935$13,189
6 years$15,971$15,053$14,189$13,375$12,609$9,999
7 years$13,552$12,642$11,791$10,996$10,254$7,780
8 years$11,738$10,836$10,000$9,225$8,507$6,167
9 years$10,328$9,435$8,613$7,857$7,164$4,955
10 years$9,201$8,317$7,509$6,773$6,104$4,023
11 years$8,279$7,404$6,611$5,895$5,250$3,293
12 years$7,512$6,645$5,867$5,170$4,549$2,713
13 years$6,863$6,005$5,242$4,565$3,967$2,246
14 years$6,307$5,459$4,710$4,052$3,478$1,867
15 years$5,826$4,987$4,252$3,614$3,062$1,558
16 years$5,405$4,575$3,855$3,236$2,706$1,303
17 years$5,034$4,213$3,508$2,907$2,399$1,092
18 years$4,705$3,893$3,202$2,620$2,133$917
19 years$4,411$3,608$2,932$2,367$1,902$772
20 years$4,146$3,353$2,691$2,144$1,699$650
21 years$3,907$3,123$2,475$1,946$1,520$548
22 years$3,690$2,915$2,281$1,769$1,362$463
23 years$3,493$2,727$2,106$1,611$1,223$391
24 years$3,312$2,555$1,948$1,470$1,099$330
25 years$3,145$2,398$1,804$1,342$989$279
26 years$2,992$2,253$1,673$1,227$891$236
27 years$2,850$2,121$1,554$1,123$803$200
28 years$2,719$1,998$1,444$1,029$725$169
29 years$2,597$1,885$1,344$944$655$143
30 years$2,483$1,780$1,252$866$591$121
31 years$2,377$1,683$1,167$795$535$103
32 years$2,278$1,592$1,089$731$484$87
33 years$2,185$1,508$1,017$672$438$74
34 years$2,097$1,429$950$619$396$63
35 years$2,015$1,356$888$569$359$53
36 years$1,938$1,287$831$524$325$45
37 years$1,864$1,222$778$483$295$38
38 years$1,795$1,161$728$445$267$32
39 years$1,730$1,104$682$411$242$27
40 years$1,668$1,051$640$379$220$23
41 years$1,609$1,000$600$349$199$20
42 years$1,553$953$563$323$181$17
43 years$1,500$908$528$298$164$14
44 years$1,450$865$495$275$149$12
45 years$1,401$825$465$254$135$10
46 years$1,355$787$437$234$123$9
47 years$1,312$751$411$217$112$7
48 years$1,270$717$386$200$101$6
49 years$1,230$685$363$185$92$5
50 years$1,191$654$341$171$84$4

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 $3,417 every year, while hoping to spend $40,571 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: 65/26/9 Blend
50$1,220,000$1,220,000$1,220,000$1,220,000
51$1,347,965$1,283,305$1,264,395$1,432,874
52$1,442,290$1,303,019$1,263,585$1,509,572
53$1,544,876$1,322,340$1,261,388$1,588,232
54$1,656,524$1,341,205$1,257,715$1,673,124
55$1,778,113$1,359,548$1,252,472$1,764,852
56$1,910,612$1,377,297$1,245,561$1,864,081
57$2,055,086$1,394,377$1,236,879$1,971,545
58$2,212,709$1,410,705$1,226,318$2,088,052
59$2,384,772$1,426,196$1,213,766$2,214,492
60$2,572,695$1,440,756$1,199,104$2,351,848
61$2,778,044$1,454,287$1,182,208$2,501,201
62$3,002,541$1,466,684$1,162,949$2,663,745
63$3,248,082$1,477,833$1,141,190$2,840,796
64$3,516,757$1,487,617$1,116,789$3,033,803
65$3,810,862$1,495,907$1,089,598$3,244,364
66$4,132,932$1,502,568$1,059,462$3,474,244
67$4,485,754$1,507,457$1,026,216$3,725,383
68$4,872,398$1,510,419$989,692$3,999,925
69$5,296,247$1,511,294$949,711$4,300,231
70$5,761,024$1,509,908$906,086$4,628,904
71$6,270,833$1,506,077$858,624$4,988,815
72$6,830,190$1,499,608$807,120$5,383,129
73$7,444,074$1,490,293$751,363$5,815,334
74$8,117,966$1,477,913$691,130$6,289,278
75$8,857,904$1,462,237$626,189$6,809,201
76$9,670,541$1,443,017$556,297$7,379,778
77$10,563,205$1,419,994$481,202$8,006,163
78$11,543,968$1,392,890$400,638$8,694,040
79$12,621,724$1,361,412$314,330$9,449,673
80$13,806,268$1,325,250$221,989$10,279,968
81$15,108,396$1,284,076$123,314$11,192,540
82$16,539,999$1,237,542$17,992$12,195,783
83$18,114,177$1,185,280$0$13,298,950
84$19,845,365$1,126,900$0$14,521,309
85$21,749,466$1,061,992$0$15,867,474
86$23,844,001$990,119$0$17,348,145
87$26,148,275$910,821$0$18,977,026
88$28,683,560$823,611$0$20,769,221
89$31,473,290$727,976$0$22,741,375
90$34,543,289$623,370$0$24,911,838
91$37,922,009$509,220$0$27,300,834
92$41,640,801$384,918$0$29,930,653
93$45,734,208$249,825$0$32,825,863
94$50,240,293$103,262$0$36,013,545
95$55,200,997$0$0$39,523,546
96$60,662,532$0$0$43,404,636
97$66,675,821$0$0$47,710,445
98$73,296,976$0$0$52,451,621
99$80,587,826$0$0$57,672,450
100$88,616,501$0$0$63,421,732