Can I retire at age 51 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$113,959$112,944$111,954$110,987$110,043$108,042
2 years$56,415$55,365$54,346$53,359$52,401$50,393
3 years$37,237$36,181$35,166$34,188$33,246$31,292
4 years$27,649$26,597$25,592$24,630$23,711$21,827
5 years$21,898$20,853$19,860$18,918$18,025$16,216
6 years$18,065$17,028$16,050$15,129$14,262$12,531
7 years$15,329$14,300$13,338$12,439$11,599$9,945
8 years$13,277$12,258$11,311$10,434$9,623$8,046
9 years$11,683$10,672$9,742$8,888$8,104$6,603
10 years$10,407$9,407$8,494$7,661$6,905$5,479
11 years$9,365$8,375$7,478$6,668$5,938$4,586
12 years$8,497$7,517$6,636$5,848$5,146$3,866
13 years$7,763$6,793$5,929$5,163$4,487$3,277
14 years$7,134$6,175$5,327$4,583$3,934$2,790
15 years$6,590$5,641$4,810$4,088$3,463$2,385
16 years$6,114$5,175$4,361$3,660$3,061$2,045
17 years$5,695$4,766$3,968$3,288$2,714$1,759
18 years$5,322$4,404$3,622$2,964$2,413$1,516
19 years$4,989$4,082$3,316$2,678$2,151$1,309
20 years$4,690$3,793$3,043$2,425$1,921$1,132
21 years$4,420$3,533$2,799$2,201$1,719$981
22 years$4,174$3,298$2,580$2,001$1,541$851
23 years$3,951$3,084$2,382$1,823$1,383$738
24 years$3,746$2,890$2,203$1,662$1,243$642
25 years$3,558$2,712$2,041$1,518$1,119$558
26 years$3,384$2,549$1,893$1,388$1,008$486
27 years$3,224$2,399$1,757$1,271$909$423
28 years$3,076$2,260$1,634$1,164$820$368
29 years$2,938$2,132$1,520$1,068$740$321
30 years$2,809$2,014$1,416$980$669$280
31 years$2,689$1,904$1,320$900$605$244
32 years$2,577$1,801$1,232$827$547$213
33 years$2,471$1,706$1,150$760$495$186
34 years$2,372$1,617$1,075$700$448$162
35 years$2,279$1,533$1,005$644$406$142
36 years$2,192$1,455$940$593$368$124
37 years$2,109$1,382$880$547$333$108
38 years$2,031$1,314$824$504$302$94
39 years$1,957$1,249$772$464$274$82
40 years$1,887$1,189$723$428$249$72
41 years$1,820$1,131$678$395$226$63
42 years$1,757$1,078$636$365$205$55
43 years$1,697$1,027$597$337$186$48
44 years$1,640$979$560$311$169$42
45 years$1,585$933$526$287$153$37
46 years$1,533$890$494$265$139$32
47 years$1,484$850$464$245$126$28
48 years$1,436$811$436$226$115$24
49 years$1,391$774$410$209$104$21
50 years$1,347$740$386$193$95$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,380,000, adding $4,216 every year, while hoping to spend $44,803 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: 87/8/5 Blend
50$1,380,000$1,380,000$1,380,000$1,380,000
51$1,525,109$1,451,969$1,430,579$1,657,547
52$1,633,000$1,475,445$1,430,833$1,767,877
53$1,750,394$1,498,570$1,429,594$1,882,446
54$1,878,214$1,521,280$1,426,765$2,006,897
55$2,017,473$1,543,504$1,422,244$2,142,193
56$2,169,289$1,565,170$1,415,923$2,289,392
57$2,334,891$1,586,197$1,407,690$2,449,660
58$2,515,630$1,606,501$1,397,428$2,624,281
59$2,712,996$1,625,991$1,385,013$2,814,668
60$2,928,627$1,644,570$1,370,317$3,022,379
61$3,164,328$1,662,136$1,353,204$3,249,126
62$3,422,086$1,678,577$1,333,533$3,496,800
63$3,704,088$1,693,776$1,311,155$3,767,478
64$4,012,741$1,707,607$1,285,915$4,063,452
65$4,350,699$1,719,938$1,257,651$4,387,245
66$4,720,881$1,730,625$1,226,193$4,741,637
67$5,126,503$1,739,519$1,191,363$5,129,689
68$5,571,108$1,746,457$1,152,975$5,554,773
69$6,058,596$1,751,268$1,110,835$6,020,607
70$6,593,264$1,753,771$1,064,739$6,531,282
71$7,179,844$1,753,773$1,014,475$7,091,310
72$7,823,548$1,751,068$959,819$7,705,659
73$8,530,118$1,745,438$900,541$8,379,803
74$9,305,877$1,736,652$836,397$9,119,774
75$10,157,794$1,724,465$767,133$9,932,219
76$11,093,541$1,708,616$692,484$10,824,459
77$12,121,574$1,688,829$612,174$11,804,563
78$13,251,205$1,664,813$525,913$12,881,420
79$14,492,696$1,636,256$433,398$14,064,827
80$15,857,349$1,602,831$334,316$15,365,577
81$17,357,619$1,564,190$228,335$16,795,564
82$19,007,225$1,519,964$115,113$18,367,893
83$20,821,283$1,469,764$0$20,097,006
84$22,816,448$1,413,177$0$21,999,121
85$25,011,069$1,349,765$0$24,098,043
86$27,425,362$1,279,068$0$26,406,968
87$30,081,603$1,200,596$0$28,947,211
88$33,004,334$1,113,833$0$31,742,259
89$36,220,598$1,018,233$0$34,817,993
90$39,760,190$913,217$0$38,202,930
91$43,655,941$798,177$0$41,928,496
92$47,944,025$672,465$0$46,029,319
93$52,664,302$535,402$0$50,543,556
94$57,860,691$386,268$0$55,513,256
95$63,581,589$224,302$0$60,984,752
96$69,880,319$48,701$0$67,009,104
97$76,815,643$0$0$73,642,575
98$84,452,306$0$0$80,959,613
99$92,861,656$0$0$89,021,734
100$102,122,308$0$0$97,900,026