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%12%
1 years$106,527$105,578$104,652$103,749$102,866$102,005
2 years$52,736$51,754$50,802$49,879$48,984$48,115
3 years$34,808$33,822$32,872$31,958$31,077$30,229
4 years$25,846$24,863$23,923$23,024$22,165$21,343
5 years$20,470$19,493$18,565$17,685$16,849$16,057
6 years$16,887$15,917$15,003$14,143$13,332$12,570
7 years$14,329$13,367$12,468$11,627$10,843$10,110
8 years$12,411$11,458$10,574$9,754$8,995$8,293
9 years$10,921$9,976$9,107$8,308$7,575$6,904
10 years$9,729$8,794$7,940$7,162$6,454$5,813
11 years$8,754$7,829$6,990$6,233$5,551$4,939
12 years$7,943$7,026$6,203$5,467$4,810$4,227
13 years$7,256$6,350$5,542$4,827$4,195$3,639
14 years$6,669$5,772$4,980$4,284$3,677$3,149
15 years$6,160$5,273$4,496$3,821$3,238$2,736
16 years$5,715$4,838$4,076$3,421$2,861$2,386
17 years$5,323$4,455$3,709$3,074$2,537$2,087
18 years$4,975$4,117$3,386$2,770$2,256$1,830
19 years$4,664$3,815$3,100$2,503$2,011$1,608
20 years$4,384$3,545$2,845$2,267$1,796$1,416
21 years$4,132$3,302$2,617$2,058$1,607$1,249
22 years$3,902$3,083$2,412$1,871$1,441$1,103
23 years$3,693$2,883$2,227$1,704$1,293$975
24 years$3,502$2,701$2,059$1,554$1,162$863
25 years$3,326$2,535$1,907$1,419$1,046$765
26 years$3,164$2,383$1,769$1,298$942$679
27 years$3,014$2,242$1,643$1,188$849$602
28 years$2,875$2,113$1,527$1,088$766$535
29 years$2,746$1,993$1,421$998$692$475
30 years$2,626$1,882$1,324$916$625$423
31 years$2,514$1,780$1,234$841$565$376
32 years$2,409$1,684$1,151$773$511$335
33 years$2,310$1,595$1,075$711$463$298
34 years$2,218$1,511$1,004$654$419$265
35 years$2,131$1,433$939$602$380$236
36 years$2,049$1,361$879$555$344$211
37 years$1,971$1,292$822$511$312$188
38 years$1,898$1,228$770$471$283$167
39 years$1,829$1,168$721$434$256$149
40 years$1,764$1,111$676$400$232$133
41 years$1,701$1,058$634$370$211$119
42 years$1,642$1,007$595$341$191$106
43 years$1,586$960$558$315$174$94
44 years$1,533$915$524$291$158$84
45 years$1,482$872$492$268$143$75
46 years$1,433$832$462$248$130$67
47 years$1,387$794$434$229$118$60
48 years$1,342$758$408$212$107$53
49 years$1,300$724$383$196$97$48
50 years$1,259$692$360$181$88$43

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 $5,742 every year, while hoping to spend $23,766 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: 67/25/8 Blend
50$1,290,000$1,290,000$1,290,000$1,290,000
51$1,427,503$1,359,133$1,339,138$1,520,642
52$1,547,821$1,400,444$1,358,712$1,624,529
53$1,679,616$1,442,982$1,378,146$1,734,667
54$1,824,032$1,486,783$1,397,409$1,854,442
55$1,982,330$1,531,883$1,416,469$1,984,795
56$2,155,901$1,578,318$1,435,294$2,126,756
57$2,346,275$1,626,128$1,453,848$2,281,463
58$2,555,136$1,675,349$1,472,093$2,450,168
59$2,784,342$1,726,023$1,489,990$2,634,249
60$3,035,937$1,778,191$1,507,497$2,835,223
61$3,312,174$1,831,893$1,524,570$3,054,760
62$3,615,534$1,887,175$1,541,162$3,294,700
63$3,948,751$1,944,079$1,557,223$3,557,068
64$4,314,836$2,002,650$1,572,702$3,844,097
65$4,717,105$2,062,936$1,587,543$4,158,242
66$5,159,214$2,124,984$1,601,690$4,502,209
67$5,645,188$2,188,843$1,615,081$4,878,980
68$6,179,464$2,254,563$1,627,653$5,291,837
69$6,766,927$2,322,194$1,639,337$5,744,396
70$7,412,961$2,391,790$1,650,063$6,240,640
71$8,123,500$2,463,404$1,659,756$6,784,957
72$8,905,077$2,537,091$1,668,339$7,382,180
73$9,764,894$2,612,908$1,675,727$8,037,635
74$10,710,885$2,690,912$1,681,835$8,757,186
75$11,751,791$2,771,162$1,686,573$9,547,297
76$12,897,243$2,853,719$1,689,843$10,415,087
77$14,157,856$2,938,644$1,691,546$11,368,400
78$15,545,321$3,026,002$1,691,576$12,415,877
79$17,072,523$3,115,855$1,689,824$13,567,039
80$18,753,660$3,208,272$1,686,172$14,832,377
81$20,604,374$3,303,318$1,680,500$16,223,449
82$22,641,904$3,401,064$1,672,680$17,752,989
83$24,885,242$3,501,580$1,662,579$19,435,028
84$27,355,316$3,604,938$1,650,055$21,285,026
85$30,075,190$3,711,211$1,634,964$23,320,019
86$33,070,274$3,820,475$1,617,150$25,558,776
87$36,368,571$3,932,806$1,596,452$28,021,978
88$40,000,935$4,048,284$1,572,703$30,732,415
89$44,001,367$4,166,987$1,545,726$33,715,196
90$48,407,334$4,288,997$1,515,336$36,997,991
91$53,260,121$4,414,397$1,481,339$40,611,289
92$58,605,223$4,543,272$1,443,533$44,588,685
93$64,492,771$4,675,707$1,401,706$48,967,200
94$70,978,008$4,811,791$1,355,638$53,787,625
95$78,121,809$4,951,613$1,305,096$59,094,913
96$85,991,255$5,095,264$1,249,838$64,938,595
97$94,660,267$5,242,836$1,189,612$71,373,254
98$104,210,302$5,394,422$1,124,151$78,459,036
99$114,731,123$5,550,119$1,053,181$86,262,219
100$126,321,646$5,710,023$976,411$94,855,838