Can I retire at age 51 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$107,353$106,397$105,464$104,553$103,664$100,547
2 years$53,145$52,155$51,196$50,266$49,364$46,250
3 years$35,078$34,084$33,127$32,206$31,318$28,305
4 years$26,046$25,055$24,108$23,202$22,337$19,447
5 years$20,629$19,644$18,709$17,822$16,980$14,222
6 years$17,018$16,041$15,120$14,252$13,436$10,811
7 years$14,440$13,471$12,564$11,718$10,927$8,436
8 years$12,508$11,547$10,656$9,830$9,065$6,707
9 years$11,005$10,054$9,178$8,373$7,634$5,405
10 years$9,804$8,862$8,001$7,217$6,504$4,403
11 years$8,822$7,889$7,044$6,281$5,594$3,615
12 years$8,004$7,081$6,252$5,509$4,848$2,988
13 years$7,313$6,399$5,585$4,864$4,227$2,482
14 years$6,720$5,817$5,018$4,318$3,706$2,071
15 years$6,208$5,314$4,531$3,851$3,263$1,734
16 years$5,759$4,875$4,108$3,448$2,884$1,455
17 years$5,364$4,490$3,738$3,098$2,557$1,224
18 years$5,014$4,149$3,412$2,792$2,273$1,032
19 years$4,700$3,845$3,124$2,523$2,026$872
20 years$4,418$3,573$2,867$2,285$1,810$737
21 years$4,164$3,328$2,637$2,074$1,620$624
22 years$3,932$3,107$2,430$1,885$1,452$529
23 years$3,722$2,906$2,244$1,717$1,303$448
24 years$3,529$2,722$2,075$1,566$1,171$380
25 years$3,352$2,555$1,922$1,430$1,054$323
26 years$3,188$2,401$1,783$1,308$949$274
27 years$3,037$2,260$1,655$1,197$856$233
28 years$2,897$2,129$1,539$1,097$772$198
29 years$2,767$2,009$1,432$1,006$697$169
30 years$2,646$1,897$1,334$923$630$143
31 years$2,533$1,793$1,244$848$570$122
32 years$2,427$1,697$1,160$779$515$104
33 years$2,328$1,607$1,083$716$466$88
34 years$2,235$1,523$1,012$659$422$75
35 years$2,147$1,445$946$607$382$64
36 years$2,065$1,371$885$559$347$54
37 years$1,987$1,302$829$515$314$46
38 years$1,913$1,238$776$475$285$39
39 years$1,843$1,177$727$438$258$34
40 years$1,777$1,120$681$404$234$29
41 years$1,715$1,066$639$372$212$24
42 years$1,655$1,015$599$344$193$21
43 years$1,598$967$562$317$175$18
44 years$1,545$922$528$293$159$15
45 years$1,493$879$496$271$144$13
46 years$1,444$839$466$250$131$11
47 years$1,398$800$437$231$119$9
48 years$1,353$764$411$213$108$8
49 years$1,310$730$386$197$98$7
50 years$1,269$697$363$182$89$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,300,000, adding $2,488 every year, while hoping to spend $31,958 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: 39/45/16 Blend
50$1,300,000$1,300,000$1,300,000$1,300,000
51$1,435,166$1,366,266$1,346,116$1,484,173
52$1,547,550$1,399,210$1,357,208$1,552,316
53$1,670,326$1,432,698$1,367,601$1,622,681
54$1,804,521$1,466,721$1,377,236$1,698,083
55$1,951,263$1,501,271$1,386,055$1,778,994
56$2,111,798$1,536,339$1,393,994$1,865,935
57$2,287,494$1,571,913$1,400,986$1,959,476
58$2,479,861$1,607,980$1,406,961$2,060,249
59$2,690,559$1,644,523$1,411,847$2,168,947
60$2,921,418$1,681,526$1,415,565$2,286,337
61$3,174,451$1,718,970$1,418,035$2,413,262
62$3,451,878$1,756,832$1,419,172$2,550,651
63$3,756,142$1,795,089$1,418,887$2,699,527
64$4,089,934$1,833,714$1,417,085$2,861,021
65$4,456,219$1,872,678$1,413,669$3,036,375
66$4,858,262$1,911,948$1,408,536$3,226,961
67$5,299,660$1,951,489$1,401,577$3,434,291
68$5,784,375$1,991,261$1,392,680$3,660,030
69$6,316,772$2,031,223$1,381,725$3,906,014
70$6,901,659$2,071,329$1,368,588$4,174,268
71$7,544,332$2,111,528$1,353,140$4,467,023
72$8,250,626$2,151,766$1,335,243$4,786,739
73$9,026,972$2,191,984$1,314,755$5,136,128
74$9,880,450$2,232,118$1,291,526$5,518,178
75$10,818,863$2,272,099$1,265,400$5,936,185
76$11,850,809$2,311,854$1,236,213$6,393,781
77$12,985,759$2,351,302$1,203,793$6,894,972
78$14,234,148$2,390,358$1,167,962$7,444,172
79$15,607,474$2,428,928$1,128,531$8,046,248
80$17,118,404$2,466,913$1,085,305$8,706,565
81$18,780,897$2,504,207$1,038,078$9,431,038
82$20,610,331$2,540,696$986,637$10,226,187
83$22,623,651$2,576,257$930,756$11,099,200
84$24,839,529$2,610,759$870,201$12,058,002
85$27,278,537$2,644,062$804,729$13,111,327
86$29,963,343$2,676,016$734,082$14,268,805
87$32,918,924$2,706,461$657,994$15,541,051
88$36,172,803$2,735,227$576,186$16,939,767
89$39,755,307$2,762,131$488,366$18,477,853
90$43,699,852$2,786,978$394,230$20,169,530
91$48,043,259$2,809,563$293,459$22,030,471
92$52,826,104$2,829,664$185,723$24,077,957
93$58,093,096$2,847,047$70,674$26,331,034
94$63,893,501$2,861,461$0$28,810,700
95$70,281,607$2,872,642$0$31,548,992
96$77,317,235$2,880,305$0$34,575,983
97$85,066,305$2,884,152$0$37,907,783
98$93,601,455$2,883,862$0$41,575,458
99$103,002,730$2,879,098$0$45,613,251
100$113,358,333$2,869,499$0$50,058,899