Can I retire at age 51 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$111,482$110,489$109,520$108,574$107,651$103,790
2 years$55,189$54,161$53,165$52,199$51,262$47,414
3 years$36,427$35,395$34,401$33,445$32,523$28,809
4 years$27,048$26,019$25,035$24,095$23,196$19,644
5 years$21,422$20,399$19,428$18,507$17,633$14,252
6 years$17,673$16,657$15,701$14,800$13,952$10,746
7 years$14,996$13,989$13,048$12,168$11,347$8,314
8 years$12,989$11,991$11,065$10,208$9,413$6,551
9 years$11,429$10,440$9,531$8,695$7,927$5,232
10 years$10,181$9,203$8,309$7,495$6,755$4,221
11 years$9,161$8,193$7,315$6,523$5,809$3,433
12 years$8,312$7,353$6,492$5,721$5,034$2,809
13 years$7,594$6,645$5,800$5,051$4,390$2,310
14 years$6,979$6,040$5,211$4,484$3,848$1,907
15 years$6,446$5,518$4,705$3,999$3,388$1,580
16 years$5,981$5,063$4,266$3,580$2,994$1,312
17 years$5,571$4,662$3,882$3,217$2,655$1,092
18 years$5,206$4,308$3,544$2,899$2,361$910
19 years$4,881$3,993$3,244$2,620$2,104$760
20 years$4,588$3,710$2,977$2,373$1,880$635
21 years$4,324$3,456$2,738$2,153$1,682$531
22 years$4,084$3,226$2,524$1,958$1,508$445
23 years$3,865$3,017$2,330$1,783$1,353$373
24 years$3,665$2,827$2,155$1,626$1,216$313
25 years$3,481$2,653$1,996$1,485$1,095$262
26 years$3,311$2,493$1,851$1,358$986$220
27 years$3,154$2,347$1,719$1,243$889$185
28 years$3,009$2,211$1,598$1,139$802$155
29 years$2,874$2,086$1,487$1,044$724$130
30 years$2,748$1,970$1,385$958$654$110
31 years$2,631$1,862$1,291$880$592$92
32 years$2,521$1,762$1,205$809$535$77
33 years$2,418$1,669$1,125$744$484$65
34 years$2,321$1,582$1,051$684$439$55
35 years$2,230$1,500$983$630$397$46
36 years$2,144$1,424$919$580$360$39
37 years$2,063$1,352$861$535$326$32
38 years$1,987$1,285$806$493$296$27
39 years$1,914$1,222$755$454$268$23
40 years$1,846$1,163$708$419$243$19
41 years$1,781$1,107$664$387$221$16
42 years$1,719$1,054$622$357$200$14
43 years$1,660$1,004$584$329$182$11
44 years$1,604$957$548$304$165$10
45 years$1,551$913$515$281$150$8
46 years$1,500$871$484$259$136$7
47 years$1,451$831$454$240$123$6
48 years$1,405$793$427$222$112$5
49 years$1,361$758$401$205$102$4
50 years$1,318$724$377$189$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,350,000, adding $6,601 every year, while hoping to spend $35,883 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: 50/30/20 Blend
50$1,350,000$1,350,000$1,350,000$1,350,000
51$1,494,509$1,422,959$1,402,034$1,560,587
52$1,608,770$1,454,505$1,410,823$1,638,546
53$1,733,482$1,486,394$1,418,704$1,719,014
54$1,869,675$1,518,604$1,425,608$1,805,710
55$2,018,480$1,551,114$1,431,464$1,899,235
56$2,181,143$1,583,897$1,436,196$2,000,253
57$2,359,036$1,616,924$1,439,725$2,109,494
58$2,553,670$1,650,166$1,441,968$2,227,763
59$2,766,708$1,683,587$1,442,837$2,355,950
60$2,999,981$1,717,153$1,442,242$2,495,032
61$3,255,507$1,750,821$1,440,085$2,646,088
62$3,535,507$1,784,549$1,436,266$2,810,308
63$3,842,427$1,818,291$1,430,679$2,989,003
64$4,178,962$1,851,993$1,423,213$3,183,619
65$4,548,077$1,885,603$1,413,753$3,395,749
66$4,953,043$1,919,059$1,402,175$3,627,151
67$5,397,459$1,952,298$1,388,353$3,879,762
68$5,885,290$1,985,251$1,372,153$4,155,718
69$6,420,904$2,017,843$1,353,435$4,457,372
70$7,009,114$2,049,995$1,332,053$4,787,321
71$7,655,219$2,081,620$1,307,852$5,148,428
72$8,365,059$2,112,627$1,280,673$5,543,846
73$9,145,066$2,142,918$1,250,347$5,977,056
74$10,002,328$2,172,385$1,216,698$6,451,892
75$10,944,650$2,200,917$1,179,543$6,972,584
76$11,980,636$2,228,393$1,138,688$7,543,791
77$13,119,760$2,254,684$1,093,934$8,170,655
78$14,372,463$2,279,651$1,045,068$8,858,840
79$15,750,249$2,303,148$991,873$9,614,594
80$17,265,790$2,325,019$934,116$10,444,803
81$18,933,051$2,345,094$871,559$11,357,058
82$20,767,416$2,363,198$803,950$12,359,729
83$22,785,836$2,379,138$731,026$13,462,043
84$25,006,990$2,392,715$652,514$14,674,171
85$27,451,457$2,403,712$568,128$16,007,325
86$30,141,913$2,411,901$477,567$17,473,867
87$33,103,344$2,417,040$380,521$19,087,423
88$36,363,279$2,418,869$276,663$20,863,013
89$39,952,055$2,417,115$165,652$22,817,197
90$43,903,097$2,411,486$47,134$24,968,226
91$48,253,237$2,401,673$0$27,336,222
92$53,043,061$2,387,349$0$29,960,296
93$58,317,288$2,368,164$0$32,859,800
94$64,125,197$2,343,749$0$36,051,698
95$70,521,088$2,313,714$0$39,565,788
96$77,564,797$2,277,644$0$43,434,908
97$85,322,257$2,235,099$0$47,695,247
98$93,866,121$2,185,613$0$52,386,691
99$103,276,452$2,128,694$0$57,553,198
100$113,641,469$2,063,820$0$63,243,213