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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$108,179$107,215$106,275$105,357$104,461$101,730
2 years$53,554$52,556$51,590$50,653$49,743$47,010
3 years$35,348$34,346$33,382$32,454$31,559$28,910
4 years$26,247$25,248$24,294$23,381$22,508$19,963
5 years$20,787$19,795$18,853$17,959$17,110$14,676
6 years$17,149$16,164$15,236$14,362$13,539$11,218
7 years$14,551$13,574$12,661$11,808$11,011$8,803
8 years$12,604$11,636$10,738$9,905$9,135$7,040
9 years$11,090$10,131$9,248$8,437$7,693$5,708
10 years$9,880$8,930$8,063$7,273$6,554$4,679
11 years$8,890$7,950$7,098$6,329$5,637$3,867
12 years$8,066$7,135$6,300$5,552$4,885$3,217
13 years$7,369$6,448$5,628$4,901$4,260$2,691
14 years$6,772$5,861$5,057$4,351$3,734$2,260
15 years$6,255$5,354$4,566$3,880$3,288$1,905
16 years$5,804$4,913$4,140$3,474$2,906$1,611
17 years$5,406$4,524$3,767$3,122$2,576$1,365
18 years$5,052$4,181$3,439$2,813$2,291$1,160
19 years$4,736$3,875$3,148$2,542$2,042$987
20 years$4,452$3,600$2,889$2,302$1,824$841
21 years$4,196$3,354$2,657$2,089$1,632$717
22 years$3,963$3,131$2,449$1,900$1,463$612
23 years$3,750$2,928$2,261$1,730$1,313$523
24 years$3,556$2,743$2,091$1,578$1,180$448
25 years$3,377$2,574$1,937$1,441$1,062$383
26 years$3,213$2,420$1,797$1,318$957$328
27 years$3,061$2,277$1,668$1,206$863$281
28 years$2,920$2,146$1,551$1,105$778$241
29 years$2,789$2,024$1,443$1,013$703$207
30 years$2,667$1,912$1,344$930$635$177
31 years$2,553$1,807$1,253$854$574$152
32 years$2,446$1,710$1,169$785$519$130
33 years$2,346$1,619$1,092$722$470$112
34 years$2,252$1,535$1,020$664$426$96
35 years$2,164$1,456$954$611$385$82
36 years$2,081$1,382$892$563$349$71
37 years$2,002$1,312$835$519$317$61
38 years$1,928$1,247$782$478$287$52
39 years$1,858$1,186$733$441$260$45
40 years$1,791$1,128$687$407$236$38
41 years$1,728$1,074$644$375$214$33
42 years$1,668$1,023$604$346$194$28
43 years$1,611$975$567$320$176$24
44 years$1,556$929$532$295$160$21
45 years$1,505$886$500$273$145$18
46 years$1,455$845$469$252$132$15
47 years$1,408$806$441$233$120$13
48 years$1,363$770$414$215$109$11
49 years$1,320$735$389$199$99$10
50 years$1,279$702$366$184$90$8

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 $3,925 every year, while hoping to spend $42,573 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: 79/12/9 Blend
50$1,310,000$1,310,000$1,310,000$1,310,000
51$1,447,669$1,378,239$1,357,934$1,559,750
52$1,550,033$1,400,475$1,358,127$1,656,099
53$1,661,413$1,422,374$1,356,900$1,755,834
54$1,782,681$1,443,874$1,354,160$1,863,991
55$1,914,800$1,464,910$1,349,810$1,981,390
56$2,058,829$1,485,410$1,343,749$2,108,936
57$2,215,935$1,505,300$1,335,869$2,247,624
58$2,387,398$1,524,498$1,326,059$2,398,550
59$2,574,632$1,542,918$1,314,201$2,562,922
60$2,779,192$1,560,468$1,300,174$2,742,070
61$3,002,787$1,577,049$1,283,848$2,937,460
62$3,247,303$1,592,556$1,265,088$3,150,707
63$3,514,814$1,606,877$1,243,755$3,383,589
64$3,807,604$1,619,893$1,219,700$3,638,067
65$4,128,189$1,631,477$1,192,769$3,916,300
66$4,479,338$1,641,493$1,162,800$4,220,667
67$4,864,101$1,649,797$1,129,625$4,553,791
68$5,285,838$1,656,235$1,093,066$4,918,560
69$5,748,248$1,660,646$1,052,938$5,318,158
70$6,255,407$1,662,855$1,009,049$5,756,093
71$6,811,803$1,662,679$961,197$6,236,229
72$7,422,379$1,659,922$909,169$6,762,828
73$8,092,580$1,654,377$852,744$7,340,583
74$8,828,405$1,645,823$791,693$7,974,667
75$9,636,461$1,634,028$725,774$8,670,781
76$10,524,027$1,618,742$654,734$9,435,207
77$11,499,121$1,599,704$578,311$10,274,868
78$12,570,577$1,576,635$496,230$11,197,394
79$13,748,125$1,549,239$408,203$12,211,194
80$15,042,487$1,517,205$313,930$13,325,533
81$16,465,473$1,480,200$213,100$14,550,623
82$18,030,096$1,437,875$105,384$15,897,720
83$19,750,693$1,389,858$0$17,379,225
84$21,643,059$1,335,756$0$19,009,727
85$23,724,597$1,275,154$0$20,814,230
86$26,014,481$1,207,612$0$22,799,241
87$28,533,837$1,132,664$0$24,983,093
88$31,305,943$1,049,819$0$27,385,989
89$34,356,446$958,557$0$30,030,192
90$37,713,605$858,327$0$32,940,235
91$41,408,557$748,550$0$36,143,152
92$45,475,612$628,611$0$39,668,733
93$49,952,572$497,861$0$43,549,809
94$54,881,094$355,616$0$47,822,558
95$60,307,076$201,152$0$52,526,847
96$66,281,094$33,704$0$57,706,610
97$72,858,876$0$0$63,410,262
98$80,101,831$0$0$69,710,637
99$88,077,626$0$0$76,653,435
100$96,860,821$0$0$84,299,116