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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$111,482$110,489$109,520$108,574$107,651$105,134
2 years$55,189$54,161$53,165$52,199$51,262$48,741
3 years$36,427$35,395$34,401$33,445$32,523$30,076
4 years$27,048$26,019$25,035$24,095$23,196$20,841
5 years$21,422$20,399$19,428$18,507$17,633$15,378
6 years$17,673$16,657$15,701$14,800$13,952$11,800
7 years$14,996$13,989$13,048$12,168$11,347$9,297
8 years$12,989$11,991$11,065$10,208$9,413$7,465
9 years$11,429$10,440$9,531$8,695$7,927$6,079
10 years$10,181$9,203$8,309$7,495$6,755$5,004
11 years$9,161$8,193$7,315$6,523$5,809$4,154
12 years$8,312$7,353$6,492$5,721$5,034$3,472
13 years$7,594$6,645$5,800$5,051$4,390$2,917
14 years$6,979$6,040$5,211$4,484$3,848$2,462
15 years$6,446$5,518$4,705$3,999$3,388$2,086
16 years$5,981$5,063$4,266$3,580$2,994$1,773
17 years$5,571$4,662$3,882$3,217$2,655$1,510
18 years$5,206$4,308$3,544$2,899$2,361$1,289
19 years$4,881$3,993$3,244$2,620$2,104$1,103
20 years$4,588$3,710$2,977$2,373$1,880$944
21 years$4,324$3,456$2,738$2,153$1,682$810
22 years$4,084$3,226$2,524$1,958$1,508$695
23 years$3,865$3,017$2,330$1,783$1,353$598
24 years$3,665$2,827$2,155$1,626$1,216$514
25 years$3,481$2,653$1,996$1,485$1,095$442
26 years$3,311$2,493$1,851$1,358$986$381
27 years$3,154$2,347$1,719$1,243$889$328
28 years$3,009$2,211$1,598$1,139$802$283
29 years$2,874$2,086$1,487$1,044$724$244
30 years$2,748$1,970$1,385$958$654$210
31 years$2,631$1,862$1,291$880$592$182
32 years$2,521$1,762$1,205$809$535$157
33 years$2,418$1,669$1,125$744$484$135
34 years$2,321$1,582$1,051$684$439$117
35 years$2,230$1,500$983$630$397$101
36 years$2,144$1,424$919$580$360$87
37 years$2,063$1,352$861$535$326$75
38 years$1,987$1,285$806$493$296$65
39 years$1,914$1,222$755$454$268$56
40 years$1,846$1,163$708$419$243$48
41 years$1,781$1,107$664$387$221$42
42 years$1,719$1,054$622$357$200$36
43 years$1,660$1,004$584$329$182$31
44 years$1,604$957$548$304$165$27
45 years$1,551$913$515$281$150$23
46 years$1,500$871$484$259$136$20
47 years$1,451$831$454$240$123$17
48 years$1,405$793$427$222$112$15
49 years$1,361$758$401$205$102$13
50 years$1,318$724$377$189$92$11

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 $5,756 every year, while hoping to spend $54,945 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: 69/9/22 Blend
50$1,350,000$1,350,000$1,350,000$1,350,000
51$1,493,637$1,422,087$1,401,162$1,588,086
52$1,587,527$1,433,309$1,389,640$1,663,208
53$1,689,152$1,443,238$1,375,891$1,738,445
54$1,799,244$1,451,755$1,359,781$1,819,453
55$1,918,605$1,458,729$1,341,172$1,906,802
56$2,048,120$1,464,024$1,319,919$2,001,116
57$2,188,761$1,467,494$1,295,869$2,103,087
58$2,341,597$1,468,984$1,268,863$2,213,477
59$2,507,804$1,468,328$1,238,734$2,333,128
60$2,688,677$1,465,352$1,205,307$2,462,966
61$2,885,638$1,459,870$1,168,401$2,604,016
62$3,100,254$1,451,686$1,127,824$2,757,408
63$3,334,250$1,440,589$1,083,376$2,924,387
64$3,589,524$1,426,358$1,034,850$3,106,327
65$3,868,164$1,408,757$982,025$3,304,747
66$4,172,469$1,387,539$924,676$3,521,318
67$4,504,970$1,362,438$862,562$3,757,886
68$4,868,455$1,333,174$795,435$4,016,488
69$5,265,989$1,299,452$723,034$4,299,368
70$5,700,953$1,260,958$645,089$4,609,005
71$6,177,064$1,217,359$561,313$4,948,131
72$6,698,419$1,168,304$471,412$5,319,760
73$7,269,529$1,113,422$375,074$5,727,216
74$7,895,359$1,052,318$271,978$6,174,164
75$8,581,380$984,576$161,784$6,664,651
76$9,333,618$909,757$44,140$7,203,134
77$10,158,707$827,396$0$7,794,532
78$11,063,957$737,000$0$8,463,378
79$12,057,418$638,050$0$9,208,845
80$13,147,957$529,997$0$10,027,250
81$14,345,343$412,261$0$10,925,966
82$15,660,335$284,229$0$11,913,115
83$17,104,787$145,254$0$12,997,649
84$18,691,757$0$0$14,189,432
85$20,435,630$0$0$15,499,862
86$22,352,254$0$0$16,955,996
87$24,459,086$0$0$18,556,723
88$26,775,363$0$0$20,316,667
89$29,322,277$0$0$22,251,941
90$32,123,173$0$0$24,380,297
91$35,203,777$0$0$26,721,292
92$38,592,430$0$0$29,296,477
93$42,320,359$0$0$32,129,594
94$46,421,968$0$0$35,246,801
95$50,935,167$0$0$38,676,924
96$55,901,724$0$0$42,451,720
97$61,367,661$0$0$46,606,183
98$67,383,690$0$0$51,178,869
99$74,005,683$0$0$56,212,263
100$81,295,209$0$0$61,753,177