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%13.6%
1 years$108,179$107,215$106,275$105,357$104,461$102,900
2 years$53,554$52,556$51,590$50,653$49,743$48,174
3 years$35,348$34,346$33,382$32,454$31,559$30,031
4 years$26,247$25,248$24,294$23,381$22,508$21,032
5 years$20,787$19,795$18,853$17,959$17,110$15,691
6 years$17,149$16,164$15,236$14,362$13,539$12,178
7 years$14,551$13,574$12,661$11,808$11,011$9,709
8 years$12,604$11,636$10,738$9,905$9,135$7,891
9 years$11,090$10,131$9,248$8,437$7,693$6,507
10 years$9,880$8,930$8,063$7,273$6,554$5,426
11 years$8,890$7,950$7,098$6,329$5,637$4,564
12 years$8,066$7,135$6,300$5,552$4,885$3,867
13 years$7,369$6,448$5,628$4,901$4,260$3,295
14 years$6,772$5,861$5,057$4,351$3,734$2,821
15 years$6,255$5,354$4,566$3,880$3,288$2,425
16 years$5,804$4,913$4,140$3,474$2,906$2,091
17 years$5,406$4,524$3,767$3,122$2,576$1,808
18 years$5,052$4,181$3,439$2,813$2,291$1,568
19 years$4,736$3,875$3,148$2,542$2,042$1,362
20 years$4,452$3,600$2,889$2,302$1,824$1,185
21 years$4,196$3,354$2,657$2,089$1,632$1,033
22 years$3,963$3,131$2,449$1,900$1,463$901
23 years$3,750$2,928$2,261$1,730$1,313$787
24 years$3,556$2,743$2,091$1,578$1,180$688
25 years$3,377$2,574$1,937$1,441$1,062$602
26 years$3,213$2,420$1,797$1,318$957$527
27 years$3,061$2,277$1,668$1,206$863$462
28 years$2,920$2,146$1,551$1,105$778$405
29 years$2,789$2,024$1,443$1,013$703$356
30 years$2,667$1,912$1,344$930$635$312
31 years$2,553$1,807$1,253$854$574$274
32 years$2,446$1,710$1,169$785$519$241
33 years$2,346$1,619$1,092$722$470$211
34 years$2,252$1,535$1,020$664$426$186
35 years$2,164$1,456$954$611$385$163
36 years$2,081$1,382$892$563$349$143
37 years$2,002$1,312$835$519$317$126
38 years$1,928$1,247$782$478$287$111
39 years$1,858$1,186$733$441$260$98
40 years$1,791$1,128$687$407$236$86
41 years$1,728$1,074$644$375$214$75
42 years$1,668$1,023$604$346$194$66
43 years$1,611$975$567$320$176$58
44 years$1,556$929$532$295$160$51
45 years$1,505$886$500$273$145$45
46 years$1,455$845$469$252$132$40
47 years$1,408$806$441$233$120$35
48 years$1,363$770$414$215$109$31
49 years$1,320$735$389$199$99$27
50 years$1,279$702$366$184$90$24

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 $2,875 every year, while hoping to spend $20,132 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: 67/13/20 Blend
50$1,310,000$1,310,000$1,310,000$1,310,000
51$1,446,586$1,377,156$1,356,851$1,536,094
52$1,572,717$1,423,216$1,380,885$1,642,457
53$1,711,039$1,470,858$1,405,049$1,756,132
54$1,862,774$1,520,139$1,429,328$1,879,959
55$2,029,268$1,571,117$1,453,701$2,014,937
56$2,212,004$1,623,853$1,478,151$2,162,164
57$2,412,615$1,678,408$1,502,655$2,322,850
58$2,632,900$1,734,849$1,527,193$2,498,328
59$2,874,842$1,793,242$1,551,740$2,690,067
60$3,140,624$1,853,659$1,576,271$2,899,682
61$3,432,651$1,916,171$1,600,759$3,128,954
62$3,753,572$1,980,855$1,625,175$3,379,843
63$4,106,307$2,047,787$1,649,489$3,654,510
64$4,494,072$2,117,051$1,673,669$3,955,333
65$4,920,410$2,188,729$1,697,680$4,284,933
66$5,389,225$2,262,910$1,721,485$4,646,196
67$5,904,817$2,339,684$1,745,046$5,042,303
68$6,471,926$2,419,145$1,768,322$5,476,757
69$7,095,771$2,501,392$1,791,270$5,953,416
70$7,782,105$2,586,526$1,813,843$6,476,533
71$8,537,266$2,674,652$1,835,993$7,050,791
72$9,368,237$2,765,880$1,857,669$7,681,350
73$10,282,713$2,860,323$1,878,816$8,373,897
74$11,289,171$2,958,100$1,899,378$9,134,694
75$12,396,953$3,059,333$1,919,293$9,970,644
76$13,616,351$3,164,150$1,938,499$10,889,350
77$14,958,708$3,272,682$1,956,927$11,899,191
78$16,436,520$3,385,068$1,974,508$13,009,398
79$18,063,557$3,501,449$1,991,167$14,230,143
80$19,854,994$3,621,973$2,006,825$15,572,631
81$21,827,549$3,746,796$2,021,399$17,049,213
82$23,999,646$3,876,076$2,034,803$18,673,495
83$26,391,587$4,009,980$2,046,945$20,460,470
84$29,025,740$4,148,681$2,057,730$22,426,658
85$31,926,757$4,292,357$2,067,055$24,590,263
86$35,121,800$4,441,196$2,074,815$26,971,345
87$38,640,800$4,595,392$2,080,898$29,592,007
88$42,516,740$4,755,145$2,085,187$32,476,603
89$46,785,966$4,920,665$2,087,559$35,651,973
90$51,488,527$5,092,170$2,087,884$39,147,691
91$56,668,557$5,269,886$2,086,028$42,996,344
92$62,374,688$5,454,049$2,081,848$47,233,843
93$68,660,511$5,644,902$2,075,196$51,899,759
94$75,585,082$5,842,701$2,065,913$57,037,698
95$83,213,477$6,047,710$2,053,838$62,695,710
96$91,617,407$6,260,204$2,038,798$68,926,746
97$100,875,898$6,480,469$2,020,612$75,789,153
98$111,076,030$6,708,803$1,999,093$83,347,231
99$122,313,766$6,945,515$1,974,044$91,671,832
100$134,694,852$7,190,927$1,945,256$100,841,036