Can I retire at age 51 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$108,179$107,215$106,275$105,357$104,461$103,199
2 years$53,554$52,556$51,590$50,653$49,743$48,473
3 years$35,348$34,346$33,382$32,454$31,559$30,320
4 years$26,247$25,248$24,294$23,381$22,508$21,310
5 years$20,787$19,795$18,853$17,959$17,110$15,957
6 years$17,149$16,164$15,236$14,362$13,539$12,431
7 years$14,551$13,574$12,661$11,808$11,011$9,949
8 years$12,604$11,636$10,738$9,905$9,135$8,119
9 years$11,090$10,131$9,248$8,437$7,693$6,723
10 years$9,880$8,930$8,063$7,273$6,554$5,630
11 years$8,890$7,950$7,098$6,329$5,637$4,757
12 years$8,066$7,135$6,300$5,552$4,885$4,048
13 years$7,369$6,448$5,628$4,901$4,260$3,465
14 years$6,772$5,861$5,057$4,351$3,734$2,981
15 years$6,255$5,354$4,566$3,880$3,288$2,574
16 years$5,804$4,913$4,140$3,474$2,906$2,231
17 years$5,406$4,524$3,767$3,122$2,576$1,939
18 years$5,052$4,181$3,439$2,813$2,291$1,689
19 years$4,736$3,875$3,148$2,542$2,042$1,475
20 years$4,452$3,600$2,889$2,302$1,824$1,290
21 years$4,196$3,354$2,657$2,089$1,632$1,130
22 years$3,963$3,131$2,449$1,900$1,463$991
23 years$3,750$2,928$2,261$1,730$1,313$871
24 years$3,556$2,743$2,091$1,578$1,180$765
25 years$3,377$2,574$1,937$1,441$1,062$674
26 years$3,213$2,420$1,797$1,318$957$593
27 years$3,061$2,277$1,668$1,206$863$523
28 years$2,920$2,146$1,551$1,105$778$461
29 years$2,789$2,024$1,443$1,013$703$407
30 years$2,667$1,912$1,344$930$635$359
31 years$2,553$1,807$1,253$854$574$317
32 years$2,446$1,710$1,169$785$519$280
33 years$2,346$1,619$1,092$722$470$247
34 years$2,252$1,535$1,020$664$426$219
35 years$2,164$1,456$954$611$385$193
36 years$2,081$1,382$892$563$349$171
37 years$2,002$1,312$835$519$317$151
38 years$1,928$1,247$782$478$287$134
39 years$1,858$1,186$733$441$260$118
40 years$1,791$1,128$687$407$236$105
41 years$1,728$1,074$644$375$214$93
42 years$1,668$1,023$604$346$194$82
43 years$1,611$975$567$320$176$73
44 years$1,556$929$532$295$160$64
45 years$1,505$886$500$273$145$57
46 years$1,455$845$469$252$132$50
47 years$1,408$806$441$233$120$45
48 years$1,363$770$414$215$109$39
49 years$1,320$735$389$199$99$35
50 years$1,279$702$366$184$90$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,310,000, adding $3,329 every year, while hoping to spend $47,487 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: 57/33/10 Blend
50$1,310,000$1,310,000$1,310,000$1,310,000
51$1,447,054$1,377,624$1,357,319$1,525,857
52$1,544,128$1,394,602$1,352,263$1,596,378
53$1,649,511$1,410,820$1,345,447$1,667,607
54$1,764,002$1,426,191$1,336,760$1,744,074
55$1,888,478$1,440,622$1,326,089$1,826,286
56$2,023,904$1,454,013$1,313,314$1,914,804
57$2,171,341$1,466,259$1,298,309$2,010,243
58$2,331,958$1,477,246$1,280,943$2,113,286
59$2,507,041$1,486,854$1,261,078$2,224,685
60$2,698,005$1,494,956$1,238,570$2,345,269
61$2,906,408$1,501,415$1,213,268$2,475,954
62$3,133,964$1,506,087$1,185,015$2,617,752
63$3,382,560$1,508,817$1,153,645$2,771,777
64$3,654,274$1,509,442$1,118,985$2,939,259
65$3,951,394$1,507,789$1,080,855$3,121,559
66$4,276,439$1,503,672$1,039,066$3,320,173
67$4,632,181$1,496,898$993,420$3,536,757
68$5,021,674$1,487,257$943,710$3,773,135
69$5,448,282$1,474,529$889,721$4,031,322
70$5,915,707$1,458,481$831,227$4,313,539
71$6,428,028$1,438,866$767,992$4,622,239
72$6,989,736$1,415,420$699,770$4,960,126
73$7,605,780$1,387,866$626,302$5,330,186
74$8,281,607$1,355,909$547,321$5,735,712
75$9,023,219$1,319,237$462,545$6,180,337
76$9,837,229$1,277,521$371,681$6,668,069
77$10,730,917$1,230,410$274,423$7,203,331
78$11,712,305$1,177,534$170,451$7,790,999
79$12,790,230$1,118,504$59,431$8,436,455
80$13,974,426$1,052,903$0$9,145,634
81$15,275,618$980,296$0$9,931,385
82$16,705,619$900,218$0$10,801,805
83$18,277,444$812,181$0$11,758,552
84$20,005,434$715,668$0$12,810,454
85$21,905,384$610,131$0$13,967,245
86$23,994,700$494,995$0$15,239,657
87$26,292,557$369,648$0$16,639,525
88$28,820,084$233,447$0$18,179,896
89$31,600,558$85,711$0$19,875,156
90$34,659,626$0$0$21,741,166
91$38,025,547$0$0$23,822,388
92$41,729,457$0$0$26,146,978
93$45,805,662$0$0$28,705,360
94$50,291,965$0$0$31,521,275
95$55,230,015$0$0$34,620,885
96$60,665,707$0$0$38,033,015
97$66,649,610$0$0$41,789,427
98$73,237,445$0$0$45,925,120
99$80,490,611$0$0$50,478,659
100$88,476,762$0$0$55,492,538