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%
1 years$107,353$106,397$105,464$104,553$103,664$100,709
2 years$53,145$52,155$51,196$50,266$49,364$46,410
3 years$35,078$34,084$33,127$32,206$31,318$28,458
4 years$26,046$25,055$24,108$23,202$22,337$19,591
5 years$20,629$19,644$18,709$17,822$16,980$14,357
6 years$17,018$16,041$15,120$14,252$13,436$10,938
7 years$14,440$13,471$12,564$11,718$10,927$8,555
8 years$12,508$11,547$10,656$9,830$9,065$6,817
9 years$11,005$10,054$9,178$8,373$7,634$5,508
10 years$9,804$8,862$8,001$7,217$6,504$4,497
11 years$8,822$7,889$7,044$6,281$5,594$3,703
12 years$8,004$7,081$6,252$5,509$4,848$3,068
13 years$7,313$6,399$5,585$4,864$4,227$2,556
14 years$6,720$5,817$5,018$4,318$3,706$2,138
15 years$6,208$5,314$4,531$3,851$3,263$1,795
16 years$5,759$4,875$4,108$3,448$2,884$1,511
17 years$5,364$4,490$3,738$3,098$2,557$1,275
18 years$5,014$4,149$3,412$2,792$2,273$1,078
19 years$4,700$3,845$3,124$2,523$2,026$913
20 years$4,418$3,573$2,867$2,285$1,810$774
21 years$4,164$3,328$2,637$2,074$1,620$658
22 years$3,932$3,107$2,430$1,885$1,452$559
23 years$3,722$2,906$2,244$1,717$1,303$475
24 years$3,529$2,722$2,075$1,566$1,171$405
25 years$3,352$2,555$1,922$1,430$1,054$345
26 years$3,188$2,401$1,783$1,308$949$294
27 years$3,037$2,260$1,655$1,197$856$250
28 years$2,897$2,129$1,539$1,097$772$214
29 years$2,767$2,009$1,432$1,006$697$182
30 years$2,646$1,897$1,334$923$630$156
31 years$2,533$1,793$1,244$848$570$133
32 years$2,427$1,697$1,160$779$515$113
33 years$2,328$1,607$1,083$716$466$97
34 years$2,235$1,523$1,012$659$422$83
35 years$2,147$1,445$946$607$382$71
36 years$2,065$1,371$885$559$347$60
37 years$1,987$1,302$829$515$314$52
38 years$1,913$1,238$776$475$285$44
39 years$1,843$1,177$727$438$258$38
40 years$1,777$1,120$681$404$234$32
41 years$1,715$1,066$639$372$212$27
42 years$1,655$1,015$599$344$193$23
43 years$1,598$967$562$317$175$20
44 years$1,545$922$528$293$159$17
45 years$1,493$879$496$271$144$15
46 years$1,444$839$466$250$131$13
47 years$1,398$800$437$231$119$11
48 years$1,353$764$411$213$108$9
49 years$1,310$730$386$197$98$8
50 years$1,269$697$363$182$89$7

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 $3,334 every year, while hoping to spend $21,051 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: 73/10/17 Blend
50$1,300,000$1,300,000$1,300,000$1,300,000
51$1,436,039$1,367,139$1,346,989$1,535,016
52$1,560,117$1,411,731$1,369,715$1,645,699
53$1,696,145$1,457,802$1,392,497$1,764,024
54$1,845,321$1,505,403$1,415,314$1,893,094
55$2,008,961$1,554,585$1,438,145$2,033,971
56$2,188,519$1,605,404$1,460,966$2,187,824
57$2,385,593$1,657,913$1,483,754$2,355,942
58$2,601,944$1,712,172$1,506,480$2,539,742
59$2,839,513$1,768,240$1,529,119$2,740,789
60$3,100,438$1,826,178$1,551,639$2,960,801
61$3,387,073$1,886,051$1,574,009$3,201,676
62$3,702,012$1,947,925$1,596,196$3,465,499
63$4,048,113$2,011,869$1,618,164$3,754,573
64$4,428,524$2,077,953$1,639,875$4,071,429
65$4,846,712$2,146,252$1,661,290$4,418,860
66$5,306,501$2,216,842$1,682,367$4,799,939
67$5,812,098$2,289,802$1,703,061$5,218,054
68$6,368,143$2,365,213$1,723,324$5,676,936
69$6,979,746$2,443,161$1,743,108$6,180,697
70$7,652,536$2,523,732$1,762,359$6,733,866
71$8,392,719$2,607,019$1,781,021$7,341,434
72$9,207,128$2,693,115$1,799,037$8,008,898
73$10,103,295$2,782,117$1,816,345$8,742,318
74$11,089,518$2,874,128$1,832,879$9,548,366
75$12,174,939$2,969,251$1,848,572$10,434,399
76$13,369,634$3,067,595$1,863,350$11,408,518
77$14,684,703$3,169,273$1,877,138$12,479,653
78$16,132,376$3,274,401$1,889,856$13,657,641
79$17,726,132$3,383,100$1,901,419$14,953,323
80$19,480,821$3,495,496$1,911,740$16,378,642
81$21,412,807$3,611,717$1,920,726$17,946,761
82$23,540,121$3,731,899$1,928,278$19,672,181
83$25,882,633$3,856,181$1,934,294$21,570,884
84$28,462,235$3,984,708$1,938,667$23,660,479
85$31,303,053$4,117,629$1,941,282$25,960,368
86$34,431,671$4,255,099$1,942,022$28,491,934
87$37,877,383$4,397,281$1,940,761$31,278,737
88$41,672,468$4,544,340$1,937,369$34,346,740
89$45,852,498$4,696,450$1,931,709$37,724,551
90$50,456,668$4,853,791$1,923,636$41,443,698
91$55,528,170$5,016,549$1,913,000$45,538,918
92$61,114,601$5,184,918$1,899,643$50,048,494
93$67,268,408$5,359,096$1,883,399$55,014,611
94$74,047,387$5,539,294$1,864,094$60,483,753
95$81,515,227$5,725,725$1,841,548$66,507,148
96$89,742,108$5,918,614$1,815,568$73,141,242
97$98,805,370$6,118,193$1,785,957$80,448,242
98$108,790,237$6,324,703$1,752,505$88,496,696
99$119,790,621$6,538,394$1,714,994$97,362,140
100$131,910,013$6,759,524$1,673,195$107,127,817