Can I retire at age 51 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$101,572$100,667$99,785$98,923$98,082$97,220
2 years$50,283$49,347$48,439$47,559$46,706$45,837
3 years$33,189$32,249$31,343$30,472$29,632$28,783
4 years$24,644$23,706$22,810$21,953$21,134$20,312
5 years$19,518$18,586$17,701$16,862$16,066$15,273
6 years$16,102$15,177$14,305$13,485$12,712$11,950
7 years$13,663$12,745$11,888$11,087$10,338$9,607
8 years$11,834$10,925$10,082$9,300$8,577$7,875
9 years$10,413$9,512$8,683$7,922$7,223$6,552
10 years$9,276$8,385$7,570$6,829$6,154$5,513
11 years$8,347$7,464$6,665$5,943$5,293$4,681
12 years$7,573$6,700$5,915$5,213$4,587$4,004
13 years$6,919$6,055$5,285$4,602$4,000$3,445
14 years$6,359$5,503$4,748$4,085$3,506$2,979
15 years$5,873$5,027$4,287$3,643$3,087$2,587
16 years$5,449$4,613$3,887$3,262$2,728$2,254
17 years$5,076$4,248$3,537$2,931$2,419$1,970
18 years$4,744$3,925$3,229$2,641$2,151$1,726
19 years$4,447$3,638$2,956$2,387$1,917$1,516
20 years$4,180$3,381$2,713$2,162$1,712$1,334
21 years$3,939$3,149$2,495$1,962$1,532$1,175
22 years$3,721$2,939$2,300$1,784$1,374$1,037
23 years$3,521$2,749$2,123$1,625$1,233$917
24 years$3,339$2,576$1,964$1,482$1,108$811
25 years$3,171$2,417$1,819$1,353$997$718
26 years$3,017$2,272$1,687$1,237$898$636
27 years$2,874$2,138$1,566$1,132$810$564
28 years$2,741$2,015$1,456$1,038$731$501
29 years$2,618$1,901$1,355$951$660$445
30 years$2,504$1,795$1,262$873$596$395
31 years$2,397$1,697$1,177$802$539$351
32 years$2,297$1,606$1,098$737$488$312
33 years$2,203$1,520$1,025$678$441$278
34 years$2,115$1,441$958$624$400$247
35 years$2,032$1,367$895$574$362$220
36 years$1,954$1,297$838$529$328$196
37 years$1,880$1,232$784$487$297$174
38 years$1,810$1,171$734$449$269$155
39 years$1,744$1,113$688$414$244$138
40 years$1,682$1,059$645$382$222$123
41 years$1,622$1,008$605$352$201$110
42 years$1,566$960$567$325$182$98
43 years$1,512$915$532$300$166$87
44 years$1,461$872$500$277$150$78
45 years$1,413$832$469$256$136$69
46 years$1,366$793$441$236$124$62
47 years$1,322$757$414$218$112$55
48 years$1,280$723$389$202$102$49
49 years$1,240$690$366$187$93$44
50 years$1,201$659$344$172$84$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,230,000, adding $2,944 every year, while hoping to spend $23,744 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: 70/17/13 Blend
50$1,230,000$1,230,000$1,230,000$1,230,000
51$1,358,497$1,293,307$1,274,242$1,449,525
52$1,471,800$1,331,415$1,291,665$1,548,444
53$1,595,864$1,370,595$1,308,877$1,653,513
54$1,731,762$1,410,875$1,325,844$1,767,877
55$1,880,675$1,452,281$1,342,533$1,892,446
56$2,043,904$1,494,842$1,358,908$2,028,224
57$2,222,881$1,538,588$1,374,930$2,176,316
58$2,419,185$1,583,549$1,390,560$2,337,941
59$2,634,552$1,629,754$1,405,755$2,514,437
60$2,870,899$1,677,234$1,420,470$2,707,282
61$3,130,333$1,726,021$1,434,658$2,918,102
62$3,415,178$1,776,146$1,448,269$3,148,687
63$3,727,991$1,827,642$1,461,252$3,401,010
64$4,071,592$1,880,543$1,473,549$3,677,244
65$4,449,085$1,934,881$1,485,104$3,979,782
66$4,863,892$1,990,690$1,495,856$4,311,261
67$5,319,781$2,048,006$1,505,739$4,674,586
68$5,820,903$2,106,862$1,514,685$5,072,956
69$6,371,833$2,167,296$1,522,625$5,509,897
70$6,977,609$2,229,343$1,529,482$5,989,292
71$7,643,784$2,293,039$1,535,178$6,515,421
72$8,376,474$2,358,422$1,539,631$7,092,996
73$9,182,418$2,425,529$1,542,752$7,727,213
74$10,069,042$2,494,397$1,544,452$8,423,793
75$11,044,528$2,565,066$1,544,635$9,189,042
76$12,117,889$2,637,574$1,543,199$10,029,907
77$13,299,058$2,711,959$1,540,041$10,954,042
78$14,598,978$2,788,261$1,535,048$11,969,882
79$16,029,708$2,866,520$1,528,106$13,086,720
80$17,604,533$2,946,774$1,519,093$14,314,795
81$19,338,094$3,029,065$1,507,881$15,665,392
82$21,246,523$3,113,432$1,494,338$17,150,944
83$23,347,593$3,199,915$1,478,323$18,785,150
84$25,660,891$3,288,554$1,459,690$20,583,107
85$28,207,998$3,379,390$1,438,286$22,561,449
86$31,012,696$3,472,462$1,413,951$24,738,507
87$34,101,188$3,567,810$1,386,516$27,134,479
88$37,502,351$3,665,474$1,355,805$29,771,625
89$41,248,002$3,765,493$1,321,636$32,674,469
90$45,373,201$3,867,906$1,283,814$35,870,041
91$49,916,586$3,972,751$1,242,140$39,388,123
92$54,920,728$4,080,066$1,196,402$43,261,535
93$60,432,541$4,189,888$1,146,380$47,526,443
94$66,503,720$4,302,254$1,091,844$52,222,700
95$73,191,233$4,417,197$1,032,554$57,394,226
96$80,557,852$4,534,753$968,258$63,089,414
97$88,672,751$4,654,954$898,693$69,361,599
98$97,612,157$4,777,832$823,584$76,269,548
99$107,460,067$4,903,416$742,645$83,878,026
100$118,309,047$5,031,736$655,576$92,258,401