Can I retire at age 51 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$105,701$104,760$103,841$102,944$102,069$98,526
2 years$52,327$51,353$50,408$49,493$48,604$45,071
3 years$34,538$33,560$32,618$31,710$30,837$27,425
4 years$25,646$24,670$23,737$22,846$21,993$18,728
5 years$20,311$19,341$18,421$17,548$16,719$13,610
6 years$16,756$15,794$14,887$14,033$13,229$10,278
7 years$14,218$13,264$12,371$11,537$10,759$7,966
8 years$12,315$11,369$10,492$9,678$8,925$6,288
9 years$10,836$9,899$9,036$8,244$7,516$5,031
10 years$9,653$8,726$7,878$7,106$6,404$4,067
11 years$8,686$7,768$6,936$6,185$5,508$3,314
12 years$7,881$6,972$6,155$5,425$4,773$2,717
13 years$7,200$6,301$5,499$4,789$4,162$2,239
14 years$6,617$5,727$4,941$4,251$3,649$1,852
15 years$6,112$5,232$4,461$3,791$3,212$1,537
16 years$5,671$4,800$4,045$3,395$2,839$1,279
17 years$5,282$4,421$3,681$3,050$2,517$1,067
18 years$4,936$4,085$3,360$2,749$2,238$892
19 years$4,628$3,786$3,076$2,484$1,995$746
20 years$4,350$3,518$2,823$2,250$1,782$625
21 years$4,100$3,277$2,596$2,042$1,595$524
22 years$3,872$3,059$2,393$1,856$1,429$440
23 years$3,664$2,861$2,210$1,691$1,283$370
24 years$3,475$2,680$2,043$1,542$1,153$311
25 years$3,300$2,515$1,893$1,408$1,038$261
26 years$3,139$2,364$1,755$1,288$935$220
27 years$2,991$2,225$1,630$1,179$843$185
28 years$2,853$2,097$1,515$1,080$761$156
29 years$2,725$1,978$1,410$990$687$131
30 years$2,606$1,868$1,313$909$621$110
31 years$2,494$1,766$1,225$835$561$93
32 years$2,390$1,671$1,142$767$507$78
33 years$2,292$1,582$1,067$705$459$66
34 years$2,201$1,500$997$649$416$56
35 years$2,114$1,422$932$597$377$47
36 years$2,033$1,350$872$550$341$40
37 years$1,956$1,282$816$507$309$33
38 years$1,884$1,219$764$467$280$28
39 years$1,815$1,159$716$431$254$24
40 years$1,750$1,102$671$397$231$20
41 years$1,688$1,049$629$367$209$17
42 years$1,630$999$590$338$190$14
43 years$1,574$952$554$312$172$12
44 years$1,521$908$520$288$156$10
45 years$1,470$866$488$266$142$9
46 years$1,422$826$458$246$129$7
47 years$1,376$788$431$227$117$6
48 years$1,332$752$405$210$106$5
49 years$1,290$718$380$194$97$4
50 years$1,250$686$358$179$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,280,000, adding $3,765 every year, while hoping to spend $58,228 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: 59/13/28 Blend
50$1,280,000$1,280,000$1,280,000$1,280,000
51$1,414,444$1,346,604$1,326,764$1,486,923
52$1,496,763$1,350,633$1,309,256$1,540,928
53$1,585,527$1,352,908$1,289,210$1,593,298
54$1,681,332$1,353,282$1,266,480$1,649,215
55$1,784,832$1,351,598$1,240,912$1,709,038
56$1,896,748$1,347,689$1,212,346$1,773,166
57$2,017,870$1,341,380$1,180,613$1,842,042
58$2,149,068$1,332,482$1,145,538$1,916,154
59$2,291,297$1,320,798$1,106,938$1,996,043
60$2,445,609$1,306,116$1,064,620$2,082,309
61$2,613,159$1,288,214$1,018,383$2,175,616
62$2,795,219$1,266,855$968,017$2,276,696
63$2,993,189$1,241,788$913,302$2,386,362
64$3,208,606$1,212,747$854,010$2,505,513
65$3,443,165$1,179,453$789,900$2,635,140
66$3,698,727$1,141,606$720,722$2,776,344
67$3,977,345$1,098,892$646,213$2,930,338
68$4,281,274$1,050,977$566,101$3,098,465
69$4,612,998$997,509$480,100$3,282,211
70$4,975,252$938,115$387,911$3,483,215
71$5,371,045$872,400$289,224$3,703,291
72$5,803,691$799,947$183,712$3,944,442
73$6,276,838$720,315$71,037$4,208,883
74$6,794,503$633,038$0$4,499,059
75$7,361,108$537,623$0$4,832,374
76$7,981,525$433,551$0$5,220,714
77$8,661,116$320,270$0$5,646,246
78$9,405,788$197,201$0$6,112,729
79$10,222,046$63,731$0$6,624,309
80$11,117,053$0$0$7,185,554
81$12,098,700$0$0$7,813,058
82$13,175,678$0$0$8,511,609
83$14,357,559$0$0$9,278,314
84$15,654,888$0$0$10,120,025
85$17,079,279$0$0$11,044,294
86$18,643,528$0$0$12,059,438
87$20,361,728$0$0$13,174,617
88$22,249,406$0$0$14,399,927
89$24,323,667$0$0$15,746,485
90$26,603,355$0$0$17,226,541
91$29,109,228$0$0$18,853,592
92$31,864,160$0$0$20,642,504
93$34,893,346$0$0$22,609,661
94$38,224,550$0$0$24,773,108
95$41,888,357$0$0$27,152,730
96$45,918,467$0$0$29,770,436
97$50,352,009$0$0$32,650,365
98$55,229,893$0$0$35,819,111
99$60,597,193$0$0$39,305,979
100$66,503,574$0$0$43,143,257