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%13.1%
1 years$104,050$103,123$102,219$101,336$100,474$99,178
2 years$51,510$50,550$49,621$48,719$47,845$46,540
3 years$33,999$33,035$32,108$31,215$30,355$29,083
4 years$25,245$24,284$23,366$22,489$21,649$20,420
5 years$19,994$19,039$18,133$17,273$16,457$15,274
6 years$16,495$15,547$14,654$13,814$13,022$11,886
7 years$13,996$13,056$12,178$11,357$10,591$9,503
8 years$12,123$11,192$10,328$9,527$8,786$7,746
9 years$10,667$9,744$8,895$8,115$7,399$6,406
10 years$9,502$8,589$7,755$6,995$6,304$5,358
11 years$8,551$7,646$6,827$6,088$5,422$4,522
12 years$7,758$6,863$6,059$5,340$4,699$3,843
13 years$7,088$6,202$5,414$4,714$4,097$3,285
14 years$6,514$5,638$4,864$4,185$3,592$2,822
15 years$6,017$5,150$4,392$3,732$3,162$2,434
16 years$5,582$4,725$3,982$3,342$2,795$2,106
17 years$5,199$4,352$3,623$3,003$2,478$1,828
18 years$4,859$4,021$3,307$2,706$2,203$1,590
19 years$4,555$3,727$3,028$2,445$1,964$1,387
20 years$4,282$3,463$2,779$2,214$1,754$1,211
21 years$4,036$3,226$2,556$2,010$1,570$1,059
22 years$3,811$3,011$2,356$1,827$1,407$928
23 years$3,607$2,816$2,175$1,664$1,263$814
24 years$3,420$2,639$2,012$1,518$1,135$714
25 years$3,248$2,476$1,863$1,386$1,022$627
26 years$3,090$2,327$1,728$1,267$920$552
27 years$2,944$2,190$1,605$1,160$830$485
28 years$2,808$2,064$1,492$1,063$749$427
29 years$2,682$1,947$1,388$975$676$376
30 years$2,565$1,839$1,293$895$611$332
31 years$2,455$1,738$1,205$822$552$292
32 years$2,353$1,645$1,125$755$500$258
33 years$2,256$1,558$1,050$694$452$227
34 years$2,166$1,476$981$639$409$201
35 years$2,081$1,400$917$588$371$177
36 years$2,001$1,329$858$542$336$156
37 years$1,926$1,262$803$499$304$138
38 years$1,854$1,200$752$460$276$122
39 years$1,787$1,141$705$424$250$108
40 years$1,723$1,085$660$391$227$95
41 years$1,662$1,033$619$361$206$84
42 years$1,604$984$581$333$187$74
43 years$1,549$937$545$307$170$66
44 years$1,497$894$512$284$154$58
45 years$1,447$852$480$262$140$51
46 years$1,400$813$451$242$127$45
47 years$1,355$776$424$224$115$40
48 years$1,311$740$398$207$105$35
49 years$1,270$707$374$191$95$31
50 years$1,230$675$352$177$86$28

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 $2,665 every year, while hoping to spend $50,061 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: 65/30/5 Blend
50$1,260,000$1,260,000$1,260,000$1,260,000
51$1,391,269$1,324,489$1,304,959$1,480,589
52$1,479,914$1,336,124$1,295,411$1,551,885
53$1,575,923$1,346,652$1,283,864$1,623,511
54$1,679,994$1,355,965$1,270,201$1,700,425
55$1,792,895$1,363,949$1,254,294$1,783,134
56$1,915,471$1,370,483$1,236,014$1,872,199
57$2,048,649$1,375,438$1,215,221$1,968,237
58$2,193,453$1,378,676$1,191,772$2,071,929
59$2,351,006$1,380,051$1,165,517$2,184,027
60$2,522,545$1,379,410$1,136,298$2,305,361
61$2,709,430$1,376,587$1,103,950$2,436,845
62$2,913,160$1,371,407$1,068,300$2,579,487
63$3,135,382$1,363,686$1,029,168$2,734,402
64$3,377,910$1,353,226$986,364$2,902,817
65$3,642,742$1,339,819$939,693$3,086,086
66$3,932,076$1,323,245$888,947$3,285,706
67$4,248,332$1,303,268$833,911$3,503,323
68$4,594,175$1,279,641$774,360$3,740,759
69$4,972,537$1,252,100$710,057$4,000,017
70$5,386,650$1,220,367$640,758$4,283,314
71$5,840,071$1,184,147$566,206$4,593,090
72$6,336,715$1,143,127$486,131$4,932,040
73$6,880,897$1,096,978$400,254$5,303,135
74$7,477,368$1,045,349$308,281$5,709,653
75$8,131,359$987,871$209,909$6,155,210
76$8,848,634$924,152$104,816$6,643,793
77$9,635,538$853,779$0$7,179,804
78$10,499,064$776,315$0$7,768,484
79$11,446,911$691,298$0$8,420,789
80$12,487,563$598,238$0$9,137,041
81$13,630,362$496,619$0$9,923,773
82$14,885,603$385,897$0$10,788,186
83$16,264,623$265,496$0$11,738,220
84$17,779,916$134,806$0$12,782,632
85$19,445,242$0$0$13,931,078
86$21,275,762$0$0$15,196,452
87$23,288,180$0$0$16,636,580
88$25,500,895$0$0$18,220,139
89$27,934,184$0$0$19,961,650
90$30,610,382$0$0$21,877,111
91$33,554,100$0$0$23,984,149
92$36,792,453$0$0$26,302,186
93$40,355,316$0$0$28,852,620
94$44,275,609$0$0$31,659,027
95$48,589,598$0$0$34,747,387
96$53,337,247$0$0$38,146,322
97$58,562,590$0$0$41,887,371
98$64,314,143$0$0$46,005,287
99$70,645,366$0$0$50,538,360
100$77,615,167$0$0$55,528,783