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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$107,353$106,397$105,464$104,553$103,664$101,654
2 years$53,145$52,155$51,196$50,266$49,364$47,347
3 years$35,078$34,084$33,127$32,206$31,318$29,358
4 years$26,046$25,055$24,108$23,202$22,337$20,447
5 years$20,629$19,644$18,709$17,822$16,980$15,167
6 years$17,018$16,041$15,120$14,252$13,436$11,701
7 years$14,440$13,471$12,564$11,718$10,927$9,271
8 years$12,508$11,547$10,656$9,830$9,065$7,487
9 years$11,005$10,054$9,178$8,373$7,634$6,134
10 years$9,804$8,862$8,001$7,217$6,504$5,081
11 years$8,822$7,889$7,044$6,281$5,594$4,244
12 years$8,004$7,081$6,252$5,509$4,848$3,571
13 years$7,313$6,399$5,585$4,864$4,227$3,020
14 years$6,720$5,817$5,018$4,318$3,706$2,567
15 years$6,208$5,314$4,531$3,851$3,263$2,190
16 years$5,759$4,875$4,108$3,448$2,884$1,874
17 years$5,364$4,490$3,738$3,098$2,557$1,608
18 years$5,014$4,149$3,412$2,792$2,273$1,383
19 years$4,700$3,845$3,124$2,523$2,026$1,191
20 years$4,418$3,573$2,867$2,285$1,810$1,028
21 years$4,164$3,328$2,637$2,074$1,620$889
22 years$3,932$3,107$2,430$1,885$1,452$769
23 years$3,722$2,906$2,244$1,717$1,303$666
24 years$3,529$2,722$2,075$1,566$1,171$577
25 years$3,352$2,555$1,922$1,430$1,054$501
26 years$3,188$2,401$1,783$1,308$949$435
27 years$3,037$2,260$1,655$1,197$856$378
28 years$2,897$2,129$1,539$1,097$772$328
29 years$2,767$2,009$1,432$1,006$697$285
30 years$2,646$1,897$1,334$923$630$248
31 years$2,533$1,793$1,244$848$570$216
32 years$2,427$1,697$1,160$779$515$188
33 years$2,328$1,607$1,083$716$466$164
34 years$2,235$1,523$1,012$659$422$142
35 years$2,147$1,445$946$607$382$124
36 years$2,065$1,371$885$559$347$108
37 years$1,987$1,302$829$515$314$94
38 years$1,913$1,238$776$475$285$82
39 years$1,843$1,177$727$438$258$71
40 years$1,777$1,120$681$404$234$62
41 years$1,715$1,066$639$372$212$54
42 years$1,655$1,015$599$344$193$47
43 years$1,598$967$562$317$175$41
44 years$1,545$922$528$293$159$36
45 years$1,493$879$496$271$144$31
46 years$1,444$839$466$250$131$27
47 years$1,398$800$437$231$119$24
48 years$1,353$764$411$213$108$21
49 years$1,310$730$386$197$98$18
50 years$1,269$697$363$182$89$16

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 $2,768 every year, while hoping to spend $52,531 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: 45/49/6 Blend
50$1,300,000$1,300,000$1,300,000$1,300,000
51$1,435,455$1,366,555$1,346,405$1,497,551
52$1,525,979$1,377,624$1,335,617$1,551,687
53$1,623,976$1,387,474$1,322,707$1,604,673
54$1,730,152$1,395,991$1,307,549$1,660,894
55$1,845,285$1,403,052$1,290,009$1,720,665
56$1,970,229$1,408,527$1,269,949$1,784,334
57$2,105,925$1,412,277$1,247,225$1,852,287
58$2,253,405$1,414,154$1,221,683$1,924,951
59$2,413,808$1,414,003$1,193,164$2,002,802
60$2,588,384$1,411,657$1,161,503$2,086,362
61$2,778,510$1,406,940$1,126,525$2,176,214
62$2,985,702$1,399,664$1,088,048$2,273,002
63$3,211,627$1,389,631$1,045,880$2,377,439
64$3,458,120$1,376,629$999,824$2,490,314
65$3,727,200$1,360,436$949,671$2,612,501
66$4,021,092$1,340,815$895,202$2,744,969
67$4,342,243$1,317,514$836,191$2,888,787
68$4,693,348$1,290,269$772,399$3,045,141
69$5,077,373$1,258,796$703,578$3,215,342
70$5,497,586$1,222,798$629,469$3,400,842
71$5,957,585$1,181,959$549,801$3,603,245
72$6,461,329$1,135,946$464,290$3,824,326
73$7,013,181$1,084,404$372,640$4,066,049
74$7,617,945$1,026,960$274,544$4,330,584
75$8,280,912$963,217$169,677$4,620,333
76$9,007,909$892,759$57,705$4,937,949
77$9,805,353$815,141$0$5,286,366
78$10,680,313$729,897$0$5,672,783
79$11,640,577$636,534$0$6,101,026
80$12,694,719$534,527$0$6,571,383
81$13,852,188$423,327$0$7,088,256
82$15,123,391$302,350$0$7,656,505
83$16,519,793$170,981$0$8,281,500
84$18,054,023$28,570$0$8,969,170
85$19,739,995$0$0$9,726,061
86$21,593,036$0$0$10,627,109
87$23,630,033$0$0$11,634,709
88$25,869,592$0$0$12,742,678
89$28,332,208$0$0$13,961,179
90$31,040,464$0$0$15,301,407
91$34,019,241$0$0$16,775,698
92$37,295,952$0$0$18,397,644
93$40,900,800$0$0$20,182,220
94$44,867,063$0$0$22,145,924
95$49,231,408$0$0$24,306,938
96$54,034,235$0$0$26,685,292
97$59,320,059$0$0$29,303,058
98$65,137,929$0$0$32,184,556
99$71,541,889$0$0$35,356,584
100$78,591,490$0$0$38,848,668