Can I retire at age 51 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$112,308$111,307$110,331$109,379$108,448$106,960
2 years$55,598$54,562$53,559$52,586$51,642$50,145
3 years$36,697$35,657$34,656$33,692$32,764$31,305
4 years$27,248$26,212$25,221$24,273$23,367$21,958
5 years$21,581$20,550$19,572$18,644$17,764$16,408
6 years$17,804$16,781$15,817$14,910$14,056$12,755
7 years$15,107$14,093$13,144$12,258$11,431$10,185
8 years$13,085$12,080$11,147$10,283$9,483$8,293
9 years$11,513$10,518$9,601$8,759$7,986$6,851
10 years$10,257$9,271$8,371$7,550$6,805$5,723
11 years$9,229$8,253$7,369$6,571$5,852$4,823
12 years$8,374$7,408$6,540$5,764$5,071$4,094
13 years$7,650$6,694$5,843$5,088$4,422$3,495
14 years$7,031$6,085$5,250$4,517$3,877$2,999
15 years$6,494$5,559$4,740$4,028$3,413$2,583
16 years$6,025$5,100$4,298$3,607$3,017$2,232
17 years$5,612$4,697$3,911$3,241$2,675$1,934
18 years$5,245$4,340$3,570$2,921$2,378$1,680
19 years$4,917$4,022$3,268$2,639$2,120$1,463
20 years$4,622$3,738$2,999$2,390$1,893$1,276
21 years$4,356$3,482$2,759$2,169$1,694$1,114
22 years$4,114$3,250$2,543$1,972$1,519$975
23 years$3,893$3,040$2,348$1,796$1,363$853
24 years$3,692$2,848$2,171$1,638$1,225$748
25 years$3,506$2,673$2,011$1,496$1,103$656
26 years$3,335$2,512$1,865$1,368$993$576
27 years$3,178$2,364$1,732$1,252$896$506
28 years$3,031$2,228$1,610$1,147$808$445
29 years$2,895$2,101$1,498$1,052$730$391
30 years$2,768$1,985$1,396$966$659$344
31 years$2,650$1,876$1,301$887$596$303
32 years$2,539$1,775$1,214$815$539$267
33 years$2,436$1,681$1,133$749$488$235
34 years$2,338$1,593$1,059$690$442$207
35 years$2,246$1,511$990$635$400$182
36 years$2,160$1,434$926$585$363$161
37 years$2,078$1,362$867$539$329$142
38 years$2,001$1,295$812$496$298$125
39 years$1,928$1,231$761$458$270$110
40 years$1,859$1,171$713$422$245$97
41 years$1,794$1,115$668$390$222$86
42 years$1,731$1,062$627$360$202$75
43 years$1,672$1,012$588$332$183$67
44 years$1,616$964$552$306$166$59
45 years$1,562$920$519$283$151$52
46 years$1,511$877$487$261$137$46
47 years$1,462$837$458$242$124$40
48 years$1,415$799$430$223$113$36
49 years$1,371$763$404$206$103$31
50 years$1,328$729$380$191$93$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,360,000, adding $2,172 every year, while hoping to spend $23,449 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: 68/6/26 Blend
50$1,360,000$1,360,000$1,360,000$1,360,000
51$1,500,960$1,428,880$1,407,800$1,592,802
52$1,629,109$1,473,946$1,430,012$1,699,839
53$1,769,542$1,520,434$1,452,182$1,814,021
54$1,923,490$1,568,389$1,474,284$1,938,406
55$2,092,303$1,617,858$1,496,290$2,074,003
56$2,277,473$1,668,888$1,518,171$2,221,923
57$2,480,641$1,721,529$1,539,895$2,383,392
58$2,703,614$1,775,831$1,561,429$2,559,757
59$2,948,384$1,831,848$1,582,738$2,752,506
60$3,217,143$1,889,633$1,603,785$2,963,275
61$3,512,309$1,949,243$1,624,529$3,193,869
62$3,836,543$2,010,734$1,644,929$3,446,273
63$4,192,777$2,074,167$1,664,941$3,722,677
64$4,584,242$2,139,602$1,684,517$4,025,493
65$5,014,496$2,207,103$1,703,610$4,357,379
66$5,487,459$2,276,736$1,722,165$4,721,263
67$6,007,451$2,348,568$1,740,130$5,120,371
68$6,579,232$2,422,668$1,757,444$5,558,258
69$7,208,042$2,499,108$1,774,048$6,038,841
70$7,899,660$2,577,962$1,789,876$6,566,436
71$8,660,450$2,659,306$1,804,861$7,145,799
72$9,497,424$2,743,220$1,818,931$7,782,171
73$10,418,307$2,829,784$1,832,012$8,481,326
74$11,431,613$2,919,082$1,844,023$9,249,627
75$12,546,721$3,011,201$1,854,882$10,094,086
76$13,773,967$3,106,230$1,864,500$11,022,431
77$15,124,737$3,204,261$1,872,787$12,043,175
78$16,611,580$3,305,389$1,879,644$13,165,701
79$18,248,320$3,409,712$1,884,971$14,400,348
80$20,050,192$3,517,331$1,888,661$15,758,511
81$22,033,982$3,628,350$1,890,602$17,252,745
82$24,218,186$3,742,878$1,890,675$18,896,885
83$26,623,187$3,861,025$1,888,758$20,706,179
84$29,271,442$3,982,905$1,884,722$22,697,428
85$32,187,699$4,108,637$1,878,430$24,889,149
86$35,399,227$4,238,344$1,869,741$27,301,746
87$38,936,076$4,372,149$1,858,504$29,957,704
88$42,831,355$4,510,185$1,844,564$32,881,801
89$47,121,553$4,652,583$1,827,756$36,101,344
90$51,846,875$4,799,484$1,807,910$39,646,425
91$57,051,627$4,951,028$1,784,845$43,550,205
92$62,784,628$5,107,364$1,758,372$47,849,227
93$69,099,678$5,268,643$1,728,296$52,583,762
94$76,056,061$5,435,022$1,694,409$57,798,190
95$83,719,103$5,606,662$1,656,496$63,541,417
96$92,160,793$5,783,730$1,614,330$69,867,338
97$101,460,459$5,966,399$1,567,676$76,835,346
98$111,705,519$6,154,844$1,516,285$84,510,892
99$122,992,301$6,349,251$1,459,900$92,966,105
100$135,426,959$6,549,807$1,398,250$102,280,471