Can I retire at age 51 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$104,050$103,123$102,219$101,336$100,474$98,526
2 years$51,510$50,550$49,621$48,719$47,845$45,890
3 years$33,999$33,035$32,108$31,215$30,355$28,454
4 years$25,245$24,284$23,366$22,489$21,649$19,818
5 years$19,994$19,039$18,133$17,273$16,457$14,700
6 years$16,495$15,547$14,654$13,814$13,022$11,341
7 years$13,996$13,056$12,178$11,357$10,591$8,986
8 years$12,123$11,192$10,328$9,527$8,786$7,257
9 years$10,667$9,744$8,895$8,115$7,399$5,945
10 years$9,502$8,589$7,755$6,995$6,304$4,924
11 years$8,551$7,646$6,827$6,088$5,422$4,114
12 years$7,758$6,863$6,059$5,340$4,699$3,461
13 years$7,088$6,202$5,414$4,714$4,097$2,927
14 years$6,514$5,638$4,864$4,185$3,592$2,488
15 years$6,017$5,150$4,392$3,732$3,162$2,122
16 years$5,582$4,725$3,982$3,342$2,795$1,816
17 years$5,199$4,352$3,623$3,003$2,478$1,558
18 years$4,859$4,021$3,307$2,706$2,203$1,340
19 years$4,555$3,727$3,028$2,445$1,964$1,155
20 years$4,282$3,463$2,779$2,214$1,754$997
21 years$4,036$3,226$2,556$2,010$1,570$861
22 years$3,811$3,011$2,356$1,827$1,407$745
23 years$3,607$2,816$2,175$1,664$1,263$645
24 years$3,420$2,639$2,012$1,518$1,135$560
25 years$3,248$2,476$1,863$1,386$1,022$485
26 years$3,090$2,327$1,728$1,267$920$421
27 years$2,944$2,190$1,605$1,160$830$366
28 years$2,808$2,064$1,492$1,063$749$318
29 years$2,682$1,947$1,388$975$676$277
30 years$2,565$1,839$1,293$895$611$241
31 years$2,455$1,738$1,205$822$552$209
32 years$2,353$1,645$1,125$755$500$182
33 years$2,256$1,558$1,050$694$452$158
34 years$2,166$1,476$981$639$409$138
35 years$2,081$1,400$917$588$371$120
36 years$2,001$1,329$858$542$336$105
37 years$1,926$1,262$803$499$304$91
38 years$1,854$1,200$752$460$276$79
39 years$1,787$1,141$705$424$250$69
40 years$1,723$1,085$660$391$227$60
41 years$1,662$1,033$619$361$206$53
42 years$1,604$984$581$333$187$46
43 years$1,549$937$545$307$170$40
44 years$1,497$894$512$284$154$35
45 years$1,447$852$480$262$140$30
46 years$1,400$813$451$242$127$26
47 years$1,355$776$424$224$115$23
48 years$1,311$740$398$207$105$20
49 years$1,270$707$374$191$95$17
50 years$1,230$675$352$177$86$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,260,000, adding $4,637 every year, while hoping to spend $35,789 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: 58/33/9 Blend
50$1,260,000$1,260,000$1,260,000$1,260,000
51$1,393,303$1,326,523$1,306,993$1,470,941
52$1,497,341$1,353,443$1,312,698$1,550,646
53$1,610,791$1,380,483$1,317,395$1,633,050
54$1,734,575$1,407,611$1,321,012$1,721,992
55$1,869,710$1,434,792$1,323,473$1,818,103
56$2,017,312$1,461,988$1,324,701$1,922,076
57$2,178,611$1,489,159$1,324,612$2,034,675
58$2,354,962$1,516,260$1,323,119$2,156,745
59$2,547,856$1,543,245$1,320,131$2,289,211
60$2,758,935$1,570,061$1,315,553$2,433,098
61$2,990,006$1,596,655$1,309,284$2,589,533
62$3,243,061$1,622,965$1,301,220$2,759,758
63$3,520,292$1,648,929$1,291,250$2,945,142
64$3,824,114$1,674,479$1,279,258$3,147,194
65$4,157,185$1,699,540$1,265,125$3,367,576
66$4,522,434$1,724,033$1,248,723$3,608,123
67$4,923,087$1,747,875$1,229,919$3,870,854
68$5,362,696$1,770,976$1,208,576$4,157,996
69$5,845,176$1,793,238$1,184,548$4,472,003
70$6,374,836$1,814,559$1,157,682$4,815,581
71$6,956,425$1,834,828$1,127,821$5,191,713
72$7,595,174$1,853,928$1,094,796$5,603,685
73$8,296,845$1,871,734$1,058,435$6,055,122
74$9,067,785$1,888,111$1,018,555$6,550,016
75$9,914,989$1,902,918$974,966$7,092,772
76$10,846,159$1,916,003$927,469$7,688,242
77$11,869,784$1,927,203$875,856$8,341,777
78$12,995,214$1,936,348$819,909$9,059,272
79$14,232,751$1,943,255$759,401$9,847,230
80$15,593,746$1,947,728$694,095$10,712,814
81$17,090,704$1,949,563$623,743$11,663,925
82$18,737,402$1,948,538$548,086$12,709,268
83$20,549,023$1,944,423$466,853$13,858,441
84$22,542,292$1,936,968$379,761$15,122,024
85$24,735,639$1,925,912$286,515$16,511,676
86$27,149,368$1,910,976$186,808$18,040,252
87$29,805,855$1,891,865$80,317$19,721,921
88$32,729,752$1,868,266$0$21,572,301
89$35,948,223$1,839,848$0$23,611,807
90$39,491,200$1,806,258$0$25,864,652
91$43,391,661$1,767,124$0$28,344,067
92$47,685,950$1,722,052$0$31,073,143
93$52,414,108$1,670,624$0$34,077,329
94$57,620,261$1,612,399$0$37,384,675
95$63,353,029$1,546,907$0$41,026,095
96$69,665,987$1,473,655$0$45,035,661
97$76,618,172$1,392,118$0$49,450,925
98$84,274,636$1,301,743$0$54,313,274
99$92,707,065$1,201,944$0$59,668,325
100$101,994,448$1,092,102$0$65,566,349