Can I retire at age 51 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$110,656$109,670$108,709$107,770$106,853$103,933
2 years$54,780$53,760$52,771$51,813$50,883$47,962
3 years$36,157$35,133$34,146$33,197$32,282$29,452
4 years$26,848$25,826$24,850$23,916$23,024$20,307
5 years$21,263$20,248$19,285$18,370$17,502$14,905
6 years$17,542$16,534$15,585$14,691$13,849$11,374
7 years$14,885$13,885$12,951$12,078$11,263$8,911
8 years$12,893$11,902$10,983$10,132$9,344$7,113
9 years$11,344$10,363$9,460$8,630$7,869$5,758
10 years$10,106$9,135$8,248$7,439$6,705$4,710
11 years$9,093$8,132$7,261$6,474$5,766$3,885
12 years$8,250$7,299$6,444$5,679$4,997$3,226
13 years$7,538$6,596$5,757$5,014$4,357$2,693
14 years$6,927$5,996$5,173$4,451$3,820$2,257
15 years$6,399$5,477$4,670$3,969$3,363$1,899
16 years$5,937$5,025$4,234$3,554$2,972$1,602
17 years$5,529$4,628$3,853$3,193$2,635$1,355
18 years$5,168$4,276$3,517$2,878$2,343$1,148
19 years$4,845$3,963$3,220$2,600$2,089$975
20 years$4,554$3,683$2,955$2,355$1,866$829
21 years$4,292$3,430$2,718$2,137$1,670$705
22 years$4,053$3,202$2,505$1,943$1,496$601
23 years$3,836$2,995$2,313$1,770$1,343$512
24 years$3,637$2,806$2,139$1,614$1,207$437
25 years$3,455$2,633$1,981$1,474$1,086$373
26 years$3,286$2,475$1,838$1,348$979$319
27 years$3,131$2,329$1,706$1,234$882$272
28 years$2,987$2,195$1,586$1,130$796$233
29 years$2,853$2,071$1,476$1,037$719$199
30 years$2,728$1,955$1,375$951$650$170
31 years$2,611$1,849$1,282$874$587$146
32 years$2,502$1,749$1,196$803$531$125
33 years$2,400$1,656$1,117$738$481$107
34 years$2,304$1,570$1,043$679$435$91
35 years$2,213$1,489$976$625$394$78
36 years$2,128$1,413$913$576$357$67
37 years$2,048$1,342$854$531$324$57
38 years$1,972$1,276$800$489$294$49
39 years$1,900$1,213$749$451$266$42
40 years$1,832$1,154$702$416$241$36
41 years$1,767$1,099$659$384$219$31
42 years$1,706$1,046$618$354$199$26
43 years$1,648$997$580$327$180$23
44 years$1,592$950$544$302$164$19
45 years$1,539$906$511$279$149$17
46 years$1,489$864$480$258$135$14
47 years$1,441$825$451$238$123$12
48 years$1,394$788$424$220$111$10
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,340,000, adding $3,836 every year, while hoping to spend $38,170 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: 41/47/12 Blend
50$1,340,000$1,340,000$1,340,000$1,340,000
51$1,480,637$1,409,617$1,388,847$1,535,937
52$1,591,049$1,438,075$1,394,761$1,603,657
53$1,711,444$1,466,649$1,399,593$1,672,830
54$1,842,800$1,495,304$1,403,268$1,746,853
55$1,986,193$1,524,001$1,405,705$1,826,185
56$2,142,808$1,552,700$1,406,819$1,911,332
57$2,313,950$1,581,358$1,406,523$2,002,849
58$2,501,054$1,609,925$1,404,723$2,101,350
59$2,705,701$1,638,352$1,401,321$2,207,514
60$2,929,634$1,666,582$1,396,216$2,322,085
61$3,174,768$1,694,556$1,389,300$2,445,889
62$3,443,214$1,722,209$1,380,462$2,579,832
63$3,737,297$1,749,473$1,369,583$2,724,918
64$4,059,578$1,776,273$1,356,540$2,882,250
65$4,412,875$1,802,530$1,341,204$3,053,049
66$4,800,293$1,828,160$1,323,440$3,238,657
67$5,225,254$1,853,070$1,303,106$3,440,558
68$5,691,523$1,877,164$1,280,053$3,660,388
69$6,203,251$1,900,337$1,254,127$3,899,952
70$6,765,007$1,922,478$1,225,165$4,161,238
71$7,381,827$1,943,469$1,192,998$4,446,443
72$8,059,256$1,963,182$1,157,446$4,757,988
73$8,803,404$1,981,482$1,118,324$5,098,543
74$9,621,002$1,998,225$1,075,439$5,471,055
75$10,519,463$2,013,257$1,028,585$5,878,773
76$11,506,957$2,026,416$977,552$6,325,281
77$12,592,483$2,037,526$922,115$6,814,531
78$13,785,954$2,046,402$862,044$7,350,883
79$15,098,294$2,052,848$797,095$7,939,144
80$16,541,536$2,056,655$727,015$8,584,619
81$18,128,942$2,057,599$651,538$9,293,156
82$19,875,117$2,055,445$570,388$10,071,203
83$21,796,159$2,049,942$483,276$10,925,875
84$23,909,801$2,040,823$389,900$11,865,015
85$26,235,583$2,027,806$289,944$12,897,273
86$28,795,036$2,010,591$183,080$14,032,189
87$31,611,880$1,988,861$68,963$15,280,282
88$34,712,254$1,962,277$0$16,653,151
89$38,124,959$1,930,484$0$18,170,349
90$41,881,730$1,893,103$0$19,849,081
91$46,017,534$1,849,733$0$21,696,108
92$50,570,902$1,799,949$0$23,728,630
93$55,584,291$1,743,303$0$25,965,607
94$61,104,482$1,679,319$0$28,427,942
95$67,183,027$1,607,493$0$31,138,678
96$73,876,729$1,527,294$0$34,123,218
97$81,248,181$1,438,157$0$37,409,564
98$89,366,356$1,339,487$0$41,028,586
99$98,307,257$1,230,654$0$45,014,312
100$108,154,634$1,110,993$0$49,404,254