Can I retire at age 51 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$103,224$102,304$101,407$100,532$99,677$96,913
2 years$51,101$50,149$49,227$48,333$47,465$44,702
3 years$33,729$32,773$31,853$30,967$30,114$27,437
4 years$25,045$24,092$23,181$22,310$21,477$18,908
5 years$19,835$18,888$17,989$17,136$16,327$13,871
6 years$16,364$15,424$14,538$13,704$12,919$10,579
7 years$13,885$12,953$12,081$11,267$10,506$8,284
8 years$12,027$11,103$10,246$9,451$8,716$6,608
9 years$10,582$9,667$8,825$8,051$7,340$5,346
10 years$9,427$8,521$7,694$6,940$6,254$4,371
11 years$8,483$7,586$6,773$6,040$5,379$3,603
12 years$7,696$6,809$6,011$5,298$4,661$2,989
13 years$7,031$6,153$5,371$4,677$4,065$2,494
14 years$6,462$5,593$4,825$4,152$3,563$2,089
15 years$5,969$5,109$4,357$3,703$3,137$1,756
16 years$5,538$4,688$3,950$3,315$2,773$1,480
17 years$5,158$4,317$3,594$2,979$2,458$1,251
18 years$4,821$3,989$3,281$2,684$2,186$1,060
19 years$4,519$3,697$3,004$2,426$1,948$899
20 years$4,248$3,436$2,757$2,197$1,740$763
21 years$4,004$3,200$2,536$1,994$1,557$649
22 years$3,781$2,987$2,337$1,813$1,396$553
23 years$3,579$2,794$2,158$1,651$1,253$471
24 years$3,393$2,618$1,996$1,506$1,126$401
25 years$3,223$2,457$1,848$1,375$1,014$343
26 years$3,066$2,309$1,714$1,257$913$292
27 years$2,921$2,173$1,592$1,151$823$250
28 years$2,786$2,047$1,480$1,054$743$213
29 years$2,661$1,931$1,377$967$671$182
30 years$2,544$1,824$1,283$887$606$156
31 years$2,436$1,724$1,196$815$548$133
32 years$2,334$1,632$1,116$749$496$114
33 years$2,239$1,545$1,042$689$448$97
34 years$2,149$1,464$973$634$406$83
35 years$2,065$1,389$910$583$368$71
36 years$1,985$1,318$851$537$333$61
37 years$1,910$1,252$797$495$302$52
38 years$1,840$1,190$746$456$274$45
39 years$1,772$1,132$699$421$248$38
40 years$1,709$1,077$655$388$225$33
41 years$1,649$1,025$614$358$204$28
42 years$1,591$976$576$330$185$24
43 years$1,537$930$541$305$168$21
44 years$1,485$886$508$282$153$18
45 years$1,436$845$477$260$139$15
46 years$1,389$806$448$240$126$13
47 years$1,344$770$421$222$114$11
48 years$1,301$735$395$205$104$9
49 years$1,260$702$372$190$94$8
50 years$1,220$670$349$175$86$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,250,000, adding $5,028 every year, while hoping to spend $33,214 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: 32/48/20 Blend
50$1,250,000$1,250,000$1,250,000$1,250,000
51$1,382,686$1,316,436$1,297,061$1,418,219
52$1,488,381$1,345,602$1,305,173$1,474,401
53$1,603,743$1,375,084$1,312,444$1,531,500
54$1,729,724$1,404,862$1,318,810$1,592,308
55$1,867,371$1,434,915$1,324,205$1,657,169
56$2,017,835$1,465,219$1,328,559$1,726,465
57$2,182,387$1,495,748$1,331,798$1,800,613
58$2,362,424$1,526,472$1,333,846$1,880,076
59$2,559,483$1,557,361$1,334,622$1,965,365
60$2,775,259$1,588,381$1,334,041$2,057,042
61$3,011,617$1,619,494$1,332,013$2,155,728
62$3,270,613$1,650,659$1,328,446$2,262,108
63$3,554,508$1,681,834$1,323,242$2,376,938
64$3,865,795$1,712,971$1,316,297$2,501,051
65$4,207,217$1,744,018$1,307,505$2,635,367
66$4,581,799$1,774,921$1,296,752$2,780,902
67$4,992,870$1,805,619$1,283,920$2,938,775
68$5,444,098$1,836,049$1,268,886$3,110,221
69$5,939,522$1,866,142$1,251,520$3,296,605
70$6,483,593$1,895,823$1,231,686$3,499,431
71$7,081,214$1,925,013$1,209,243$3,720,357
72$7,737,786$1,953,627$1,184,040$3,961,215
73$8,459,259$1,981,572$1,155,924$4,224,025
74$9,252,186$2,008,752$1,124,730$4,511,015
75$10,123,790$2,035,062$1,090,289$4,824,644
76$11,082,025$2,060,389$1,052,423$5,167,624
77$12,135,657$2,084,613$1,010,945$5,542,948
78$13,294,343$2,107,608$965,660$5,953,917
79$14,568,721$2,129,236$916,365$6,404,171
80$15,970,513$2,149,352$862,846$6,897,728
81$17,512,636$2,167,800$804,882$7,439,017
82$19,209,319$2,184,417$742,240$8,032,925
83$21,076,241$2,199,025$674,676$8,684,844
84$23,130,678$2,211,437$601,938$9,400,719
85$25,391,664$2,221,454$523,759$10,187,106
86$27,880,173$2,228,864$439,864$11,051,238
87$30,619,314$2,233,442$349,963$12,001,093
88$33,634,551$2,234,949$253,755$13,045,465
89$36,953,943$2,233,129$150,923$14,194,058
90$40,608,406$2,227,713$41,140$15,457,569
91$44,632,007$2,218,414$0$16,847,796
92$49,062,284$2,204,928$0$18,393,974
93$53,940,599$2,186,933$0$20,104,648
94$59,312,533$2,164,085$0$21,986,932
95$65,228,309$2,136,023$0$24,058,352
96$71,743,270$2,102,361$0$26,338,231
97$78,918,400$2,062,693$0$28,847,868
98$86,820,898$2,016,586$0$31,610,743
99$95,524,815$1,963,585$0$34,652,738
100$105,111,750$1,903,203$0$38,002,384