Can I retire at age 51 with 1,330,000?

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 $1,330,000?

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$109,830$108,852$107,897$106,966$106,056$103,283
2 years$54,371$53,359$52,377$51,426$50,503$47,728
3 years$35,888$34,871$33,892$32,949$32,041$29,351
4 years$26,647$25,634$24,664$23,738$22,852$20,267
5 years$21,105$20,097$19,141$18,233$17,372$14,900
6 years$17,411$16,411$15,468$14,581$13,746$11,389
7 years$14,773$13,782$12,854$11,988$11,179$8,938
8 years$12,796$11,813$10,902$10,056$9,274$7,147
9 years$11,259$10,286$9,389$8,566$7,810$5,796
10 years$10,030$9,066$8,186$7,384$6,655$4,750
11 years$9,026$8,071$7,207$6,426$5,723$3,926
12 years$8,189$7,244$6,396$5,637$4,960$3,266
13 years$7,481$6,547$5,714$4,976$4,325$2,732
14 years$6,876$5,951$5,134$4,417$3,791$2,295
15 years$6,351$5,436$4,636$3,939$3,338$1,934
16 years$5,892$4,988$4,203$3,527$2,950$1,636
17 years$5,488$4,593$3,824$3,169$2,616$1,386
18 years$5,129$4,244$3,491$2,856$2,326$1,177
19 years$4,809$3,934$3,196$2,581$2,073$1,002
20 years$4,520$3,655$2,933$2,337$1,852$853
21 years$4,260$3,405$2,698$2,121$1,657$728
22 years$4,023$3,178$2,487$1,929$1,485$622
23 years$3,808$2,973$2,296$1,757$1,333$531
24 years$3,610$2,785$2,123$1,602$1,198$454
25 years$3,429$2,614$1,967$1,463$1,078$389
26 years$3,262$2,457$1,824$1,338$971$333
27 years$3,107$2,312$1,694$1,225$876$285
28 years$2,964$2,178$1,574$1,122$790$245
29 years$2,831$2,055$1,465$1,029$714$210
30 years$2,707$1,941$1,365$944$645$180
31 years$2,592$1,835$1,272$867$583$154
32 years$2,483$1,736$1,187$797$527$132
33 years$2,382$1,644$1,108$733$477$114
34 years$2,287$1,558$1,036$674$432$97
35 years$2,197$1,478$968$621$391$84
36 years$2,112$1,403$906$572$355$72
37 years$2,033$1,332$848$527$321$62
38 years$1,957$1,266$794$486$291$53
39 years$1,886$1,204$744$448$264$45
40 years$1,818$1,146$697$413$240$39
41 years$1,754$1,090$654$381$217$34
42 years$1,693$1,038$613$352$197$29
43 years$1,635$989$575$325$179$25
44 years$1,580$943$540$300$163$21
45 years$1,528$899$507$277$148$18
46 years$1,478$858$476$256$134$16
47 years$1,430$819$448$236$122$13
48 years$1,384$782$421$218$110$12
49 years$1,340$746$395$202$100$10
50 years$1,299$713$372$186$91$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,330,000, adding $4,020 every year, while hoping to spend $48,219 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: 49/25/26 Blend
50$1,330,000$1,330,000$1,330,000$1,330,000
51$1,469,807$1,399,317$1,378,702$1,530,814
52$1,568,422$1,416,579$1,373,583$1,591,150
53$1,675,481$1,433,070$1,366,678$1,651,543
54$1,791,792$1,448,703$1,357,874$1,716,201
55$1,918,247$1,463,382$1,347,055$1,785,549
56$2,055,828$1,477,007$1,334,101$1,860,057
57$2,205,612$1,489,470$1,318,883$1,940,247
58$2,368,786$1,500,656$1,301,267$2,026,692
59$2,546,658$1,510,444$1,281,116$2,120,029
60$2,740,665$1,518,703$1,258,281$2,220,961
61$2,952,390$1,525,296$1,232,610$2,330,266
62$3,183,573$1,530,076$1,203,942$2,448,803
63$3,436,134$1,532,886$1,172,111$2,577,520
64$3,712,183$1,533,561$1,136,940$2,717,469
65$4,014,044$1,531,924$1,098,246$2,869,807
66$4,344,277$1,527,788$1,055,837$3,035,817
67$4,705,698$1,520,955$1,009,512$3,216,915
68$5,101,411$1,511,213$959,063$3,414,663
69$5,534,832$1,498,340$904,269$3,630,791
70$6,009,724$1,482,097$844,901$3,867,205
71$6,530,231$1,462,235$780,720$4,126,013
72$7,100,916$1,438,486$711,475$4,409,544
73$7,726,806$1,410,568$636,906$4,720,366
74$8,413,437$1,378,183$556,739$5,061,318
75$9,166,907$1,341,014$470,690$5,435,534
76$9,993,933$1,298,725$378,459$5,846,472
77$10,901,914$1,250,961$279,737$6,297,951
78$11,898,999$1,197,349$174,198$6,794,187
79$12,994,168$1,137,490$61,505$7,339,833
80$14,197,310$1,070,964$0$7,940,024
81$15,519,321$997,326$0$8,616,730
82$16,972,205$916,109$0$9,379,173
83$18,569,185$826,813$0$10,217,282
84$20,324,830$728,916$0$11,138,786
85$22,255,191$621,861$0$12,152,205
86$24,377,952$505,063$0$13,266,934
87$26,712,596$377,904$0$14,493,330
88$29,280,588$239,728$0$15,842,811
89$32,105,579$89,846$0$17,327,967
90$35,213,628$0$0$18,962,677
91$38,633,447$0$0$20,782,178
92$42,396,669$0$0$22,811,751
93$46,538,153$0$0$25,045,499
94$51,096,305$0$0$27,504,158
95$56,113,442$0$0$30,210,577
96$61,636,195$0$0$33,189,932
97$67,715,943$0$0$36,469,965
98$74,409,301$0$0$40,081,242
99$81,778,650$0$0$44,057,447
100$89,892,730$0$0$48,435,694