Can I retire at age 51 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$104,875$103,941$103,030$102,140$101,272$98,623
2 years$51,919$50,952$50,014$49,106$48,225$45,575
3 years$34,269$33,297$32,363$31,463$30,596$28,027
4 years$25,445$24,477$23,552$22,667$21,821$19,353
5 years$20,153$19,190$18,277$17,410$16,588$14,228
6 years$16,625$15,670$14,771$13,923$13,126$10,875
7 years$14,107$13,160$12,274$11,447$10,675$8,535
8 years$12,219$11,281$10,410$9,603$8,856$6,825
9 years$10,751$9,822$8,966$8,179$7,458$5,534
10 years$9,578$8,657$7,817$7,051$6,354$4,536
11 years$8,618$7,707$6,882$6,136$5,465$3,749
12 years$7,819$6,918$6,107$5,382$4,736$3,119
13 years$7,144$6,251$5,456$4,752$4,130$2,608
14 years$6,565$5,682$4,903$4,218$3,620$2,191
15 years$6,064$5,191$4,426$3,762$3,187$1,847
16 years$5,627$4,763$4,013$3,368$2,817$1,562
17 years$5,241$4,386$3,652$3,026$2,498$1,324
18 years$4,898$4,053$3,334$2,727$2,221$1,124
19 years$4,592$3,756$3,052$2,464$1,980$956
20 years$4,316$3,491$2,801$2,232$1,768$815
21 years$4,068$3,251$2,576$2,026$1,582$695
22 years$3,842$3,035$2,374$1,842$1,418$594
23 years$3,636$2,839$2,192$1,677$1,273$507
24 years$3,447$2,660$2,028$1,530$1,144$434
25 years$3,274$2,496$1,878$1,397$1,030$371
26 years$3,115$2,346$1,742$1,277$928$318
27 years$2,967$2,208$1,617$1,169$836$272
28 years$2,831$2,080$1,503$1,071$755$234
29 years$2,704$1,962$1,399$982$681$200
30 years$2,585$1,853$1,303$902$616$172
31 years$2,475$1,752$1,215$828$557$147
32 years$2,371$1,658$1,134$761$503$126
33 years$2,274$1,570$1,058$700$456$108
34 years$2,183$1,488$989$644$413$93
35 years$2,098$1,411$925$593$374$80
36 years$2,017$1,339$865$546$339$69
37 years$1,941$1,272$810$503$307$59
38 years$1,869$1,209$758$464$278$51
39 years$1,801$1,150$710$427$252$43
40 years$1,736$1,094$666$394$229$37
41 years$1,675$1,041$624$364$208$32
42 years$1,617$992$586$336$188$28
43 years$1,562$945$549$310$171$24
44 years$1,509$901$516$286$155$20
45 years$1,459$859$484$264$141$17
46 years$1,411$819$455$244$128$15
47 years$1,365$782$427$226$116$13
48 years$1,322$746$402$208$105$11
49 years$1,280$713$377$193$96$9
50 years$1,240$681$355$178$87$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,270,000, adding $6,264 every year, while hoping to spend $43,739 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: 60/28/12 Blend
50$1,270,000$1,270,000$1,270,000$1,270,000
51$1,406,001$1,338,691$1,319,006$1,485,922
52$1,502,875$1,357,749$1,316,655$1,559,465
53$1,608,165$1,376,275$1,312,759$1,634,156
54$1,722,682$1,394,196$1,307,221$1,714,571
55$1,847,319$1,411,436$1,299,937$1,801,265
56$1,983,061$1,427,912$1,290,800$1,894,850
57$2,130,989$1,443,536$1,279,697$1,996,003
58$2,292,294$1,458,213$1,266,511$2,105,469
59$2,468,286$1,471,843$1,251,117$2,224,069
60$2,660,408$1,484,320$1,233,387$2,352,709
61$2,870,248$1,495,530$1,213,183$2,492,391
62$3,099,553$1,505,351$1,190,365$2,644,215
63$3,350,249$1,513,654$1,164,783$2,809,399
64$3,624,453$1,520,303$1,136,282$2,989,284
65$3,924,500$1,525,150$1,104,700$3,185,349
66$4,252,957$1,528,040$1,069,866$3,399,227
67$4,612,654$1,528,809$1,031,602$3,632,718
68$5,006,706$1,527,282$989,721$3,887,807
69$5,438,543$1,523,272$944,030$4,166,683
70$5,911,944$1,516,582$894,325$4,471,762
71$6,431,070$1,507,002$840,392$4,805,708
72$7,000,504$1,494,310$782,010$5,171,458
73$7,625,294$1,478,270$718,947$5,572,252
74$8,311,002$1,458,633$650,959$6,011,664
75$9,063,751$1,435,133$577,793$6,493,634
76$9,890,289$1,407,490$499,185$7,022,509
77$10,798,048$1,375,407$414,857$7,603,081
78$11,795,215$1,338,568$324,521$8,240,636
79$12,890,810$1,296,641$227,876$8,941,002
80$14,094,770$1,249,273$124,606$9,710,606
81$15,418,039$1,196,090$14,383$10,556,537
82$16,872,678$1,136,698$0$11,486,610
83$18,471,974$1,070,679$0$12,522,662
84$20,230,563$997,590$0$13,663,801
85$22,164,574$916,965$0$14,918,709
86$24,291,775$828,311$0$16,298,991
87$26,631,742$731,104$0$17,817,436
88$29,206,045$624,793$0$19,488,144
89$32,038,450$508,796$0$21,326,657
90$35,155,141$382,497$0$23,350,109
91$38,584,972$245,246$0$25,577,385
92$42,359,731$96,355$0$28,029,302
93$46,514,448$0$0$30,728,808
94$51,087,717$0$0$33,721,194
95$56,122,067$0$0$37,048,079
96$61,664,357$0$0$40,710,757
97$67,766,224$0$0$44,743,367
98$74,484,561$0$0$49,183,527
99$81,882,064$0$0$54,072,687
100$90,027,815$0$0$59,456,524