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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$113,133$112,126$111,142$110,183$109,246$107,702
2 years$56,007$54,964$53,953$52,972$52,022$50,470
3 years$36,967$35,919$34,911$33,940$33,005$31,492
4 years$27,449$26,404$25,406$24,452$23,539$22,078
5 years$21,740$20,701$19,716$18,781$17,894$16,489
6 years$17,935$16,904$15,934$15,020$14,159$12,811
7 years$15,218$14,196$13,241$12,348$11,515$10,224
8 years$13,181$12,169$11,229$10,359$9,553$8,320
9 years$11,598$10,595$9,672$8,823$8,045$6,869
10 years$10,332$9,339$8,432$7,606$6,855$5,735
11 years$9,297$8,314$7,424$6,619$5,895$4,830
12 years$8,435$7,462$6,588$5,806$5,109$4,097
13 years$7,706$6,744$5,886$5,126$4,455$3,496
14 years$7,082$6,130$5,289$4,550$3,905$2,997
15 years$6,542$5,600$4,775$4,058$3,438$2,580
16 years$6,070$5,138$4,329$3,633$3,039$2,228
17 years$5,653$4,732$3,939$3,265$2,694$1,929
18 years$5,284$4,372$3,596$2,942$2,396$1,675
19 years$4,953$4,052$3,292$2,658$2,135$1,457
20 years$4,656$3,765$3,021$2,408$1,907$1,270
21 years$4,388$3,507$2,779$2,185$1,707$1,108
22 years$4,144$3,274$2,561$1,987$1,530$968
23 years$3,922$3,062$2,365$1,809$1,373$847
24 years$3,719$2,869$2,187$1,650$1,234$742
25 years$3,532$2,692$2,026$1,507$1,111$650
26 years$3,360$2,530$1,879$1,378$1,001$570
27 years$3,201$2,381$1,745$1,261$902$501
28 years$3,053$2,244$1,622$1,156$814$440
29 years$2,916$2,117$1,509$1,060$735$386
30 years$2,789$1,999$1,406$973$664$340
31 years$2,670$1,890$1,311$893$600$299
32 years$2,558$1,788$1,223$821$543$263
33 years$2,453$1,693$1,142$755$492$231
34 years$2,355$1,605$1,067$695$445$204
35 years$2,263$1,522$997$639$403$179
36 years$2,176$1,445$933$589$365$158
37 years$2,094$1,372$873$543$331$139
38 years$2,016$1,304$818$500$300$122
39 years$1,943$1,240$766$461$272$108
40 years$1,873$1,180$718$425$247$95
41 years$1,807$1,123$673$392$224$84
42 years$1,744$1,070$632$362$203$74
43 years$1,685$1,019$593$334$184$65
44 years$1,628$972$556$309$167$57
45 years$1,574$926$522$285$152$50
46 years$1,522$884$491$263$138$45
47 years$1,473$843$461$243$125$39
48 years$1,426$805$433$225$114$35
49 years$1,381$769$407$208$103$30
50 years$1,338$734$383$192$94$27

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 $2,994 every year, while hoping to spend $24,207 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: 88/6/6 Blend
50$1,370,000$1,370,000$1,370,000$1,370,000
51$1,512,828$1,440,218$1,418,983$1,645,426
52$1,641,381$1,485,033$1,440,763$1,776,994
53$1,782,234$1,531,232$1,462,461$1,917,919
54$1,936,618$1,578,858$1,484,050$2,072,049
55$2,105,885$1,627,955$1,505,498$2,240,700
56$2,291,528$1,678,567$1,526,774$2,425,318
57$2,495,187$1,730,740$1,547,845$2,627,496
58$2,718,673$1,784,523$1,568,674$2,848,989
59$2,963,976$1,839,963$1,589,223$3,091,731
60$3,233,293$1,897,112$1,609,453$3,357,851
61$3,529,040$1,956,022$1,629,321$3,649,692
62$3,853,880$2,016,746$1,648,782$3,969,840
63$4,210,748$2,079,338$1,667,788$4,321,139
64$4,602,876$2,143,857$1,686,290$4,706,725
65$5,033,823$2,210,360$1,704,235$5,130,051
66$5,507,513$2,278,908$1,721,567$5,594,920
67$6,028,266$2,349,561$1,738,226$6,105,525
68$6,600,845$2,422,385$1,754,152$6,666,482
69$7,230,494$2,497,445$1,769,279$7,282,879
70$7,922,993$2,574,808$1,783,538$7,960,320
71$8,684,708$2,654,544$1,796,857$8,704,980
72$9,522,657$2,736,725$1,809,160$9,523,663
73$10,444,567$2,821,424$1,820,366$10,423,863
74$11,458,956$2,908,716$1,830,392$11,413,840
75$12,575,207$2,998,682$1,839,148$12,502,694
76$13,803,661$3,091,399$1,846,541$13,700,450
77$15,155,709$3,186,952$1,852,475$15,018,155
78$16,643,904$3,285,426$1,856,846$16,467,983
79$18,282,077$3,386,907$1,859,546$18,063,345
80$20,085,471$3,491,487$1,860,462$19,819,021
81$22,070,876$3,599,258$1,859,475$21,751,293
82$24,256,799$3,710,315$1,856,461$23,878,105
83$26,663,629$3,824,757$1,851,289$26,219,230
84$29,313,834$3,942,684$1,843,821$28,796,452
85$32,232,170$4,064,201$1,833,915$31,633,780
86$35,445,920$4,189,415$1,821,419$34,757,665
87$38,985,142$4,318,435$1,806,176$38,197,258
88$42,882,964$4,451,375$1,788,019$41,984,678
89$47,175,885$4,588,352$1,766,777$46,155,320
90$51,904,128$4,729,484$1,742,267$50,748,186
91$57,112,016$4,874,895$1,714,299$55,806,254
92$62,848,388$5,024,712$1,682,675$61,376,885
93$69,167,065$5,179,064$1,647,186$67,512,266
94$76,127,354$5,338,087$1,607,615$74,269,905
95$83,794,608$5,501,917$1,563,734$81,713,174
96$92,240,843$5,670,695$1,515,304$89,911,906
97$101,545,418$5,844,569$1,462,076$98,943,054
98$111,795,784$6,023,686$1,403,789$108,891,419
99$123,088,309$6,208,201$1,340,171$119,850,446
100$135,529,186$6,398,272$1,270,936$131,923,111