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%18.7%
1 years$100,746$99,849$98,974$98,119$97,285$93,870
2 years$49,874$48,946$48,045$47,173$46,326$42,922
3 years$32,919$31,987$31,089$30,224$29,391$26,104
4 years$24,443$23,513$22,625$21,775$20,962$17,818
5 years$19,359$18,435$17,558$16,725$15,935$12,941
6 years$15,971$15,053$14,189$13,375$12,609$9,768
7 years$13,552$12,642$11,791$10,996$10,254$7,566
8 years$11,738$10,836$10,000$9,225$8,507$5,969
9 years$10,328$9,435$8,613$7,857$7,164$4,773
10 years$9,201$8,317$7,509$6,773$6,104$3,856
11 years$8,279$7,404$6,611$5,895$5,250$3,140
12 years$7,512$6,645$5,867$5,170$4,549$2,572
13 years$6,863$6,005$5,242$4,565$3,967$2,118
14 years$6,307$5,459$4,710$4,052$3,478$1,751
15 years$5,826$4,987$4,252$3,614$3,062$1,453
16 years$5,405$4,575$3,855$3,236$2,706$1,208
17 years$5,034$4,213$3,508$2,907$2,399$1,007
18 years$4,705$3,893$3,202$2,620$2,133$841
19 years$4,411$3,608$2,932$2,367$1,902$703
20 years$4,146$3,353$2,691$2,144$1,699$588
21 years$3,907$3,123$2,475$1,946$1,520$493
22 years$3,690$2,915$2,281$1,769$1,362$414
23 years$3,493$2,727$2,106$1,611$1,223$347
24 years$3,312$2,555$1,948$1,470$1,099$292
25 years$3,145$2,398$1,804$1,342$989$245
26 years$2,992$2,253$1,673$1,227$891$206
27 years$2,850$2,121$1,554$1,123$803$173
28 years$2,719$1,998$1,444$1,029$725$146
29 years$2,597$1,885$1,344$944$655$123
30 years$2,483$1,780$1,252$866$591$103
31 years$2,377$1,683$1,167$795$535$87
32 years$2,278$1,592$1,089$731$484$73
33 years$2,185$1,508$1,017$672$438$62
34 years$2,097$1,429$950$619$396$52
35 years$2,015$1,356$888$569$359$44
36 years$1,938$1,287$831$524$325$37
37 years$1,864$1,222$778$483$295$31
38 years$1,795$1,161$728$445$267$26
39 years$1,730$1,104$682$411$242$22
40 years$1,668$1,051$640$379$220$18
41 years$1,609$1,000$600$349$199$16
42 years$1,553$953$563$323$181$13
43 years$1,500$908$528$298$164$11
44 years$1,450$865$495$275$149$9
45 years$1,401$825$465$254$135$8
46 years$1,355$787$437$234$123$7
47 years$1,312$751$411$217$112$6
48 years$1,270$717$386$200$101$5
49 years$1,230$685$363$185$92$4
50 years$1,191$654$341$171$84$3

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 $3,077 every year, while hoping to spend $29,894 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: 34/47/19 Blend
50$1,220,000$1,220,000$1,220,000$1,220,000
51$1,347,614$1,282,954$1,264,044$1,385,469
52$1,453,264$1,314,012$1,274,582$1,444,677
53$1,568,688$1,345,589$1,284,472$1,505,499
54$1,694,851$1,377,681$1,293,659$1,570,463
55$1,832,818$1,410,279$1,302,089$1,639,951
56$1,983,757$1,443,374$1,309,701$1,714,388
57$2,148,958$1,476,957$1,316,433$1,794,237
58$2,329,839$1,511,016$1,322,221$1,880,013
59$2,527,964$1,545,537$1,326,997$1,972,281
60$2,745,052$1,580,504$1,330,687$2,071,665
61$2,983,000$1,615,901$1,333,217$2,178,849
62$3,243,893$1,651,707$1,334,507$2,294,593
63$3,530,031$1,687,902$1,334,475$2,419,729
64$3,843,947$1,724,461$1,333,032$2,555,179
65$4,188,427$1,761,358$1,330,086$2,701,955
66$4,566,546$1,798,564$1,325,543$2,861,176
67$4,981,686$1,836,046$1,319,301$3,034,073
68$5,437,574$1,873,769$1,311,254$3,222,006
69$5,938,318$1,911,694$1,301,292$3,426,473
70$6,488,440$1,949,781$1,289,299$3,649,124
71$7,092,924$1,987,983$1,275,153$3,891,781
72$7,757,258$2,026,250$1,258,728$4,156,451
73$8,487,492$2,064,530$1,239,888$4,445,348
74$9,290,288$2,102,764$1,218,496$4,760,913
75$10,172,987$2,140,889$1,194,406$5,105,836
76$11,143,676$2,178,837$1,167,463$5,483,084
77$12,211,267$2,216,536$1,137,509$5,895,928
78$13,385,577$2,253,906$1,104,376$6,347,977
79$14,677,421$2,290,864$1,067,888$6,843,205
80$16,098,720$2,327,318$1,027,864$7,385,999
81$17,662,603$2,363,170$984,111$7,981,193
82$19,383,540$2,398,316$936,430$8,634,116
83$21,277,471$2,432,644$884,611$9,350,646
84$23,361,963$2,466,034$828,435$10,137,263
85$25,656,370$2,498,357$767,675$11,001,110
86$28,182,019$2,529,475$702,091$11,950,062
87$30,962,408$2,559,242$631,433$12,992,804
88$34,023,430$2,587,501$555,443$14,138,908
89$37,393,616$2,614,085$473,846$15,398,930
90$41,104,404$2,638,815$386,360$16,784,503
91$45,190,437$2,661,501$292,687$18,308,458
92$49,689,887$2,681,940$192,518$19,984,934
93$54,644,817$2,699,916$85,528$21,829,523
94$60,101,577$2,715,200$0$23,859,412
95$66,111,240$2,727,547$0$26,099,355
96$72,730,086$2,736,697$0$28,583,313
97$80,020,134$2,742,374$0$31,317,027
98$88,049,720$2,744,283$0$34,325,959
99$96,894,152$2,742,114$0$37,638,169
100$106,636,412$2,735,534$0$41,284,586