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%13.7%
1 years$104,875$103,941$103,030$102,140$101,272$99,717
2 years$51,919$50,952$50,014$49,106$48,225$46,662
3 years$34,269$33,297$32,363$31,463$30,596$29,074
4 years$25,445$24,477$23,552$22,667$21,821$20,352
5 years$20,153$19,190$18,277$17,410$16,588$15,176
6 years$16,625$15,670$14,771$13,923$13,126$11,771
7 years$14,107$13,160$12,274$11,447$10,675$9,379
8 years$12,219$11,281$10,410$9,603$8,856$7,619
9 years$10,751$9,822$8,966$8,179$7,458$6,279
10 years$9,578$8,657$7,817$7,051$6,354$5,233
11 years$8,618$7,707$6,882$6,136$5,465$4,399
12 years$7,819$6,918$6,107$5,382$4,736$3,724
13 years$7,144$6,251$5,456$4,752$4,130$3,172
14 years$6,565$5,682$4,903$4,218$3,620$2,713
15 years$6,064$5,191$4,426$3,762$3,187$2,331
16 years$5,627$4,763$4,013$3,368$2,817$2,009
17 years$5,241$4,386$3,652$3,026$2,498$1,736
18 years$4,898$4,053$3,334$2,727$2,221$1,504
19 years$4,592$3,756$3,052$2,464$1,980$1,305
20 years$4,316$3,491$2,801$2,232$1,768$1,135
21 years$4,068$3,251$2,576$2,026$1,582$988
22 years$3,842$3,035$2,374$1,842$1,418$862
23 years$3,636$2,839$2,192$1,677$1,273$752
24 years$3,447$2,660$2,028$1,530$1,144$657
25 years$3,274$2,496$1,878$1,397$1,030$575
26 years$3,115$2,346$1,742$1,277$928$503
27 years$2,967$2,208$1,617$1,169$836$440
28 years$2,831$2,080$1,503$1,071$755$386
29 years$2,704$1,962$1,399$982$681$338
30 years$2,585$1,853$1,303$902$616$296
31 years$2,475$1,752$1,215$828$557$260
32 years$2,371$1,658$1,134$761$503$228
33 years$2,274$1,570$1,058$700$456$200
34 years$2,183$1,488$989$644$413$176
35 years$2,098$1,411$925$593$374$154
36 years$2,017$1,339$865$546$339$136
37 years$1,941$1,272$810$503$307$119
38 years$1,869$1,209$758$464$278$105
39 years$1,801$1,150$710$427$252$92
40 years$1,736$1,094$666$394$229$81
41 years$1,675$1,041$624$364$208$71
42 years$1,617$992$586$336$188$62
43 years$1,562$945$549$310$171$55
44 years$1,509$901$516$286$155$48
45 years$1,459$859$484$264$141$42
46 years$1,411$819$455$244$128$37
47 years$1,365$782$427$226$116$33
48 years$1,322$746$402$208$105$29
49 years$1,280$713$377$193$96$25
50 years$1,240$681$355$178$87$22

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 $6,941 every year, while hoping to spend $56,757 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: 40/40/20 Blend
50$1,270,000$1,270,000$1,270,000$1,270,000
51$1,406,700$1,339,390$1,319,705$1,454,384
52$1,489,794$1,344,631$1,303,526$1,494,399
53$1,579,462$1,348,226$1,284,903$1,531,712
54$1,676,313$1,350,036$1,263,693$1,570,911
55$1,781,020$1,349,910$1,239,750$1,612,199
56$1,894,319$1,347,691$1,212,916$1,655,804
57$2,017,021$1,343,209$1,183,030$1,701,977
58$2,150,017$1,336,286$1,149,922$1,751,003
59$2,294,287$1,326,733$1,113,413$1,803,196
60$2,450,910$1,314,348$1,073,317$1,858,909
61$2,621,070$1,298,918$1,029,441$1,918,536
62$2,806,071$1,280,218$981,579$1,982,514
63$3,007,349$1,258,007$929,521$2,051,331
64$3,226,482$1,232,033$873,043$2,125,531
65$3,465,206$1,202,025$811,913$2,205,719
66$3,725,433$1,167,700$745,888$2,292,568
67$4,009,267$1,128,757$674,715$2,386,827
68$4,319,023$1,084,877$598,128$2,489,328
69$4,657,249$1,035,722$515,852$2,600,996
70$5,026,751$980,936$427,596$2,722,858
71$5,430,619$920,140$333,059$2,856,056
72$5,872,252$852,937$231,926$3,001,855
73$6,355,394$778,903$123,868$3,161,661
74$6,884,168$697,593$8,542$3,337,034
75$7,463,113$608,536$0$3,529,702
76$8,097,229$511,232$0$3,766,026
77$8,792,021$405,157$0$4,027,221
78$9,553,550$289,753$0$4,313,904
79$10,388,495$164,434$0$4,628,769
80$11,304,210$28,579$0$4,974,798
81$12,308,795$0$0$5,355,286
82$13,411,171$0$0$5,826,019
83$14,621,166$0$0$6,356,687
84$15,949,605$0$0$6,939,481
85$17,408,413$0$0$7,579,654
86$19,010,726$0$0$8,282,993
87$20,771,015$0$0$9,055,875
88$22,705,220$0$0$9,905,323
89$24,830,905$0$0$10,839,076
90$27,167,417$0$0$11,865,660
91$29,736,071$0$0$12,994,466
92$32,560,352$0$0$14,235,843
93$35,666,132$0$0$15,601,193
94$39,081,918$0$0$17,103,078
95$42,839,116$0$0$18,755,337
96$46,972,329$0$0$20,573,221
97$51,519,684$0$0$22,573,531
98$56,523,189$0$0$24,774,782
99$62,029,130$0$0$27,197,370
100$68,088,504$0$0$29,863,772