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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$113,959$112,944$111,954$110,987$110,043$105,719
2 years$56,415$55,365$54,346$53,359$52,401$48,098
3 years$37,237$36,181$35,166$34,188$33,246$29,098
4 years$27,649$26,597$25,592$24,630$23,711$19,751
5 years$21,898$20,853$19,860$18,918$18,025$14,262
6 years$18,065$17,028$16,050$15,129$14,262$10,700
7 years$15,329$14,300$13,338$12,439$11,599$8,236
8 years$13,277$12,258$11,311$10,434$9,623$6,455
9 years$11,683$10,672$9,742$8,888$8,104$5,127
10 years$10,407$9,407$8,494$7,661$6,905$4,113
11 years$9,365$8,375$7,478$6,668$5,938$3,325
12 years$8,497$7,517$6,636$5,848$5,146$2,705
13 years$7,763$6,793$5,929$5,163$4,487$2,210
14 years$7,134$6,175$5,327$4,583$3,934$1,813
15 years$6,590$5,641$4,810$4,088$3,463$1,492
16 years$6,114$5,175$4,361$3,660$3,061$1,231
17 years$5,695$4,766$3,968$3,288$2,714$1,018
18 years$5,322$4,404$3,622$2,964$2,413$843
19 years$4,989$4,082$3,316$2,678$2,151$699
20 years$4,690$3,793$3,043$2,425$1,921$580
21 years$4,420$3,533$2,799$2,201$1,719$482
22 years$4,174$3,298$2,580$2,001$1,541$401
23 years$3,951$3,084$2,382$1,823$1,383$334
24 years$3,746$2,890$2,203$1,662$1,243$278
25 years$3,558$2,712$2,041$1,518$1,119$231
26 years$3,384$2,549$1,893$1,388$1,008$193
27 years$3,224$2,399$1,757$1,271$909$161
28 years$3,076$2,260$1,634$1,164$820$134
29 years$2,938$2,132$1,520$1,068$740$112
30 years$2,809$2,014$1,416$980$669$93
31 years$2,689$1,904$1,320$900$605$78
32 years$2,577$1,801$1,232$827$547$65
33 years$2,471$1,706$1,150$760$495$54
34 years$2,372$1,617$1,075$700$448$45
35 years$2,279$1,533$1,005$644$406$38
36 years$2,192$1,455$940$593$368$31
37 years$2,109$1,382$880$547$333$26
38 years$2,031$1,314$824$504$302$22
39 years$1,957$1,249$772$464$274$18
40 years$1,887$1,189$723$428$249$15
41 years$1,820$1,131$678$395$226$13
42 years$1,757$1,078$636$365$205$11
43 years$1,697$1,027$597$337$186$9
44 years$1,640$979$560$311$169$7
45 years$1,585$933$526$287$153$6
46 years$1,533$890$494$265$139$5
47 years$1,484$850$464$245$126$4
48 years$1,436$811$436$226$115$4
49 years$1,391$774$410$209$104$3
50 years$1,347$740$386$193$95$3

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 $6,491 every year, while hoping to spend $59,373 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: 62/32/6 Blend
50$1,380,000$1,380,000$1,380,000$1,380,000
51$1,527,455$1,454,315$1,432,925$1,620,117
52$1,620,084$1,462,405$1,417,756$1,690,833
53$1,720,170$1,468,900$1,400,089$1,760,462
54$1,828,412$1,473,661$1,379,777$1,834,922
55$1,945,578$1,476,538$1,356,667$1,914,679
56$2,072,511$1,477,372$1,330,599$2,000,245
57$2,210,138$1,475,995$1,301,405$2,092,187
58$2,359,479$1,472,226$1,268,909$2,191,131
59$2,521,656$1,465,875$1,232,928$2,297,768
60$2,697,903$1,456,741$1,193,269$2,412,861
61$2,889,577$1,444,609$1,149,732$2,537,255
62$3,098,171$1,429,252$1,102,105$2,671,879
63$3,325,328$1,410,429$1,050,169$2,817,762
64$3,572,856$1,387,885$993,694$2,976,040
65$3,842,745$1,361,348$932,440$3,147,966
66$4,137,184$1,330,534$866,156$3,334,926
67$4,458,584$1,295,137$794,580$3,538,448
68$4,809,599$1,254,838$717,437$3,760,220
69$5,193,148$1,209,295$634,441$4,002,106
70$5,612,448$1,158,149$545,294$4,266,165
71$6,071,039$1,101,020$449,683$4,554,668
72$6,572,819$1,037,504$347,281$4,870,123
73$7,122,080$967,175$237,749$5,215,300
74$7,723,549$889,584$120,730$5,593,255
75$8,382,431$804,254$0$6,007,361
76$9,104,459$710,682$0$6,461,608
77$9,895,944$608,335$0$6,968,106
78$10,763,839$496,653$0$7,523,679
79$11,715,803$375,042$0$8,133,361
80$12,760,271$242,874$0$8,802,703
81$13,906,531$99,487$0$9,537,832
82$15,164,819$0$0$10,345,505
83$16,546,406$0$0$11,252,830
84$18,063,711$0$0$12,287,865
85$19,730,412$0$0$13,424,921
86$21,561,579$0$0$14,674,294
87$23,573,813$0$0$16,047,323
88$25,785,403$0$0$17,556,503
89$28,216,498$0$0$19,215,599
90$30,889,295$0$0$21,039,776
91$33,828,251$0$0$23,045,740
92$37,060,311$0$0$25,251,899
93$40,615,160$0$0$27,678,535
94$44,525,506$0$0$30,347,992
95$48,827,388$0$0$33,284,891
96$53,560,510$0$0$36,516,357
97$58,768,622$0$0$40,072,280
98$64,499,927$0$0$43,985,592
99$70,807,537$0$0$48,292,579
100$77,749,975$0$0$53,033,222