Can I retire at age 51 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$106,527$105,578$104,652$103,749$102,866$102,133
2 years$52,736$51,754$50,802$49,879$48,984$48,244
3 years$34,808$33,822$32,872$31,958$31,077$30,354
4 years$25,846$24,863$23,923$23,024$22,165$21,464
5 years$20,470$19,493$18,565$17,685$16,849$16,173
6 years$16,887$15,917$15,003$14,143$13,332$12,681
7 years$14,329$13,367$12,468$11,627$10,843$10,217
8 years$12,411$11,458$10,574$9,754$8,995$8,395
9 years$10,921$9,976$9,107$8,308$7,575$7,001
10 years$9,729$8,794$7,940$7,162$6,454$5,905
11 years$8,754$7,829$6,990$6,233$5,551$5,026
12 years$7,943$7,026$6,203$5,467$4,810$4,310
13 years$7,256$6,350$5,542$4,827$4,195$3,718
14 years$6,669$5,772$4,980$4,284$3,677$3,223
15 years$6,160$5,273$4,496$3,821$3,238$2,807
16 years$5,715$4,838$4,076$3,421$2,861$2,452
17 years$5,323$4,455$3,709$3,074$2,537$2,149
18 years$4,975$4,117$3,386$2,770$2,256$1,888
19 years$4,664$3,815$3,100$2,503$2,011$1,663
20 years$4,384$3,545$2,845$2,267$1,796$1,468
21 years$4,132$3,302$2,617$2,058$1,607$1,297
22 years$3,902$3,083$2,412$1,871$1,441$1,148
23 years$3,693$2,883$2,227$1,704$1,293$1,018
24 years$3,502$2,701$2,059$1,554$1,162$903
25 years$3,326$2,535$1,907$1,419$1,046$802
26 years$3,164$2,383$1,769$1,298$942$713
27 years$3,014$2,242$1,643$1,188$849$634
28 years$2,875$2,113$1,527$1,088$766$565
29 years$2,746$1,993$1,421$998$692$503
30 years$2,626$1,882$1,324$916$625$448
31 years$2,514$1,780$1,234$841$565$400
32 years$2,409$1,684$1,151$773$511$357
33 years$2,310$1,595$1,075$711$463$318
34 years$2,218$1,511$1,004$654$419$284
35 years$2,131$1,433$939$602$380$254
36 years$2,049$1,361$879$555$344$227
37 years$1,971$1,292$822$511$312$203
38 years$1,898$1,228$770$471$283$181
39 years$1,829$1,168$721$434$256$162
40 years$1,764$1,111$676$400$232$145
41 years$1,701$1,058$634$370$211$129
42 years$1,642$1,007$595$341$191$116
43 years$1,586$960$558$315$174$103
44 years$1,533$915$524$291$158$93
45 years$1,482$872$492$268$143$83
46 years$1,433$832$462$248$130$74
47 years$1,387$794$434$229$118$66
48 years$1,342$758$408$212$107$59
49 years$1,300$724$383$196$97$53
50 years$1,259$692$360$181$88$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,290,000, adding $3,423 every year, while hoping to spend $22,862 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: 74/6/20 Blend
50$1,290,000$1,290,000$1,290,000$1,290,000
51$1,425,111$1,356,741$1,336,746$1,523,547
52$1,546,147$1,398,896$1,357,202$1,631,503
53$1,678,763$1,442,351$1,377,577$1,746,660
54$1,824,115$1,487,144$1,397,844$1,872,268
55$1,983,478$1,533,318$1,417,975$2,009,362
56$2,158,255$1,580,912$1,437,939$2,159,082
57$2,349,992$1,629,972$1,457,705$2,322,687
58$2,560,391$1,680,540$1,477,238$2,501,560
59$2,791,328$1,732,664$1,496,503$2,697,225
60$3,044,868$1,786,389$1,515,460$2,911,364
61$3,323,288$1,841,765$1,534,071$3,145,825
62$3,629,093$1,898,842$1,552,293$3,402,648
63$3,965,046$1,957,670$1,570,080$3,684,079
64$4,334,188$2,018,304$1,587,385$3,992,592
65$4,739,871$2,080,796$1,604,158$4,330,913
66$5,185,786$2,145,204$1,620,346$4,702,046
67$5,676,003$2,211,585$1,635,894$5,109,300
68$6,215,001$2,279,999$1,650,742$5,556,321
69$6,807,718$2,350,506$1,664,830$6,047,127
70$7,459,595$2,423,170$1,678,091$6,586,145
71$8,176,624$2,498,056$1,690,457$7,178,251
72$8,965,408$2,575,230$1,701,856$7,828,820
73$9,833,224$2,654,760$1,712,212$8,543,774
74$10,788,087$2,736,718$1,721,446$9,329,638
75$11,838,831$2,821,175$1,729,473$10,193,602
76$12,995,186$2,908,208$1,736,205$11,143,589
77$14,267,877$2,997,892$1,741,550$12,188,330
78$15,668,719$3,090,306$1,745,410$13,337,444
79$17,210,730$3,185,533$1,747,683$14,601,533
80$18,908,256$3,283,656$1,748,262$15,992,278
81$20,777,103$3,384,761$1,747,034$17,522,551
82$22,834,690$3,488,936$1,743,882$19,206,537
83$25,100,208$3,596,273$1,738,681$21,059,868
84$27,594,804$3,706,866$1,731,302$23,099,767
85$30,341,782$3,820,810$1,721,609$25,345,217
86$33,366,820$3,938,206$1,709,458$27,817,133
87$36,698,211$4,059,154$1,694,701$30,538,566
88$40,367,136$4,183,760$1,677,181$33,534,915
89$44,407,952$4,312,131$1,656,734$36,834,172
90$48,858,516$4,444,379$1,633,188$40,467,180
91$53,760,548$4,580,617$1,606,363$44,467,931
92$59,160,019$4,720,962$1,576,071$48,873,883
93$65,107,587$4,865,535$1,542,115$53,726,311
94$71,659,073$5,014,459$1,504,289$59,070,705
95$78,875,993$5,167,862$1,462,377$64,957,190
96$86,826,131$5,325,874$1,416,153$71,441,007
97$95,584,183$5,488,629$1,365,381$78,583,028
98$105,232,463$5,656,265$1,309,815$86,450,336
99$115,861,677$5,828,924$1,249,196$95,116,856
100$127,571,778$6,006,752$1,183,255$104,664,053