Can I retire at age 51 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$113,133$112,126$111,142$110,183$109,246$104,870
2 years$56,007$54,964$53,953$52,972$52,022$47,668
3 years$36,967$35,919$34,911$33,940$33,005$28,810
4 years$27,449$26,404$25,406$24,452$23,539$19,536
5 years$21,740$20,701$19,716$18,781$17,894$14,092
6 years$17,935$16,904$15,934$15,020$14,159$10,561
7 years$15,218$14,196$13,241$12,348$11,515$8,119
8 years$13,181$12,169$11,229$10,359$9,553$6,356
9 years$11,598$10,595$9,672$8,823$8,045$5,042
10 years$10,332$9,339$8,432$7,606$6,855$4,040
11 years$9,297$8,314$7,424$6,619$5,895$3,262
12 years$8,435$7,462$6,588$5,806$5,109$2,650
13 years$7,706$6,744$5,886$5,126$4,455$2,162
14 years$7,082$6,130$5,289$4,550$3,905$1,772
15 years$6,542$5,600$4,775$4,058$3,438$1,456
16 years$6,070$5,138$4,329$3,633$3,039$1,199
17 years$5,653$4,732$3,939$3,265$2,694$990
18 years$5,284$4,372$3,596$2,942$2,396$819
19 years$4,953$4,052$3,292$2,658$2,135$678
20 years$4,656$3,765$3,021$2,408$1,907$562
21 years$4,388$3,507$2,779$2,185$1,707$466
22 years$4,144$3,274$2,561$1,987$1,530$387
23 years$3,922$3,062$2,365$1,809$1,373$321
24 years$3,719$2,869$2,187$1,650$1,234$267
25 years$3,532$2,692$2,026$1,507$1,111$222
26 years$3,360$2,530$1,879$1,378$1,001$185
27 years$3,201$2,381$1,745$1,261$902$154
28 years$3,053$2,244$1,622$1,156$814$128
29 years$2,916$2,117$1,509$1,060$735$107
30 years$2,789$1,999$1,406$973$664$89
31 years$2,670$1,890$1,311$893$600$74
32 years$2,558$1,788$1,223$821$543$62
33 years$2,453$1,693$1,142$755$492$51
34 years$2,355$1,605$1,067$695$445$43
35 years$2,263$1,522$997$639$403$36
36 years$2,176$1,445$933$589$365$30
37 years$2,094$1,372$873$543$331$25
38 years$2,016$1,304$818$500$300$21
39 years$1,943$1,240$766$461$272$17
40 years$1,873$1,180$718$425$247$14
41 years$1,807$1,123$673$392$224$12
42 years$1,744$1,070$632$362$203$10
43 years$1,685$1,019$593$334$184$8
44 years$1,628$972$556$309$167$7
45 years$1,574$926$522$285$152$6
46 years$1,522$884$491$263$138$5
47 years$1,473$843$461$243$125$4
48 years$1,426$805$433$225$114$3
49 years$1,381$769$407$208$103$3
50 years$1,338$734$383$192$94$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,370,000, adding $2,637 every year, while hoping to spend $28,282 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: 78/9/13 Blend
50$1,370,000$1,370,000$1,370,000$1,370,000
51$1,512,460$1,439,850$1,418,615$1,626,344
52$1,636,639$1,480,311$1,436,047$1,742,144
53$1,772,537$1,521,806$1,453,115$1,865,250
54$1,921,318$1,564,357$1,469,777$1,999,479
55$2,084,266$1,607,985$1,485,988$2,145,929
56$2,262,795$1,652,710$1,501,702$2,305,811
57$2,458,461$1,698,553$1,516,870$2,480,458
58$2,672,977$1,745,536$1,531,439$2,671,338
59$2,908,233$1,793,679$1,545,354$2,880,070
60$3,166,307$1,843,004$1,558,557$3,108,435
61$3,449,490$1,893,530$1,570,988$3,358,395
62$3,760,304$1,945,279$1,582,583$3,632,113
63$4,101,529$1,998,272$1,593,273$3,931,970
64$4,476,225$2,052,528$1,602,988$4,260,589
65$4,887,765$2,108,067$1,611,653$4,620,861
66$5,339,864$2,164,908$1,619,190$5,015,972
67$5,836,613$2,223,072$1,625,517$5,449,428
68$6,382,522$2,282,577$1,630,545$5,925,096
69$6,982,556$2,343,440$1,634,185$6,447,234
70$7,642,188$2,405,680$1,636,342$7,020,535
71$8,367,445$2,469,312$1,636,914$7,650,168
72$9,164,970$2,534,354$1,635,796$8,341,830
73$10,042,080$2,600,821$1,632,878$9,101,797
74$11,006,838$2,668,726$1,628,045$9,936,986
75$12,068,125$2,738,083$1,621,174$10,855,017
76$13,235,729$2,808,905$1,612,139$11,864,286
77$14,520,433$2,881,201$1,600,805$12,974,045
78$15,934,119$2,954,982$1,587,034$14,194,490
79$17,489,878$3,030,255$1,570,678$15,536,855
80$19,202,134$3,107,026$1,551,585$17,013,518
81$21,086,782$3,185,300$1,529,593$18,638,120
82$23,161,334$3,265,080$1,504,534$20,425,693
83$25,445,086$3,346,365$1,476,232$22,392,799
84$27,959,302$3,429,154$1,444,503$24,557,691
85$30,727,411$3,513,442$1,409,154$26,940,480
86$33,775,229$3,599,223$1,369,983$29,563,332
87$37,131,203$3,686,486$1,326,779$32,450,667
88$40,826,681$3,775,219$1,279,320$35,629,401
89$44,896,202$3,865,404$1,227,377$39,129,189
90$49,377,828$3,957,022$1,170,708$42,982,715
91$54,313,499$4,050,049$1,109,059$47,225,993
92$59,749,432$4,144,458$1,042,169$51,898,710
93$65,736,552$4,240,215$969,760$57,044,601
94$72,330,978$4,337,283$891,544$62,711,860
95$79,594,549$4,435,620$807,222$68,953,597
96$87,595,406$4,535,179$716,477$75,828,340
97$96,408,641$4,635,907$618,983$83,400,582
98$106,116,999$4,737,742$514,395$91,741,399
99$116,811,662$4,840,620$402,356$100,929,111
100$128,593,108$4,944,467$282,491$111,050,030