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%11.7%
1 years$113,959$112,944$111,954$110,987$110,043$109,258
2 years$56,415$55,365$54,346$53,359$52,401$51,610
3 years$37,237$36,181$35,166$34,188$33,246$32,472
4 years$27,649$26,597$25,592$24,630$23,711$22,961
5 years$21,898$20,853$19,860$18,918$18,025$17,301
6 years$18,065$17,028$16,050$15,129$14,262$13,566
7 years$15,329$14,300$13,338$12,439$11,599$10,930
8 years$13,277$12,258$11,311$10,434$9,623$8,981
9 years$11,683$10,672$9,742$8,888$8,104$7,489
10 years$10,407$9,407$8,494$7,661$6,905$6,317
11 years$9,365$8,375$7,478$6,668$5,938$5,377
12 years$8,497$7,517$6,636$5,848$5,146$4,611
13 years$7,763$6,793$5,929$5,163$4,487$3,977
14 years$7,134$6,175$5,327$4,583$3,934$3,448
15 years$6,590$5,641$4,810$4,088$3,463$3,002
16 years$6,114$5,175$4,361$3,660$3,061$2,623
17 years$5,695$4,766$3,968$3,288$2,714$2,299
18 years$5,322$4,404$3,622$2,964$2,413$2,020
19 years$4,989$4,082$3,316$2,678$2,151$1,779
20 years$4,690$3,793$3,043$2,425$1,921$1,570
21 years$4,420$3,533$2,799$2,201$1,719$1,388
22 years$4,174$3,298$2,580$2,001$1,541$1,228
23 years$3,951$3,084$2,382$1,823$1,383$1,089
24 years$3,746$2,890$2,203$1,662$1,243$966
25 years$3,558$2,712$2,041$1,518$1,119$858
26 years$3,384$2,549$1,893$1,388$1,008$763
27 years$3,224$2,399$1,757$1,271$909$679
28 years$3,076$2,260$1,634$1,164$820$604
29 years$2,938$2,132$1,520$1,068$740$538
30 years$2,809$2,014$1,416$980$669$480
31 years$2,689$1,904$1,320$900$605$428
32 years$2,577$1,801$1,232$827$547$382
33 years$2,471$1,706$1,150$760$495$341
34 years$2,372$1,617$1,075$700$448$304
35 years$2,279$1,533$1,005$644$406$272
36 years$2,192$1,455$940$593$368$243
37 years$2,109$1,382$880$547$333$217
38 years$2,031$1,314$824$504$302$194
39 years$1,957$1,249$772$464$274$173
40 years$1,887$1,189$723$428$249$155
41 years$1,820$1,131$678$395$226$138
42 years$1,757$1,078$636$365$205$124
43 years$1,697$1,027$597$337$186$111
44 years$1,640$979$560$311$169$99
45 years$1,585$933$526$287$153$89
46 years$1,533$890$494$265$139$79
47 years$1,484$850$464$245$126$71
48 years$1,436$811$436$226$115$63
49 years$1,391$774$410$209$104$57
50 years$1,347$740$386$193$95$51

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 $4,646 every year, while hoping to spend $33,081 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: 43/48/9 Blend
50$1,380,000$1,380,000$1,380,000$1,380,000
51$1,525,552$1,452,412$1,431,022$1,586,986
52$1,645,961$1,488,383$1,443,764$1,666,155
53$1,777,542$1,525,007$1,455,823$1,748,147
54$1,921,401$1,562,282$1,467,143$1,836,218
55$2,078,754$1,600,204$1,477,662$1,930,937
56$2,250,940$1,638,767$1,487,317$2,032,930
57$2,439,434$1,677,964$1,496,040$2,142,886
58$2,645,859$1,717,788$1,503,761$2,261,564
59$2,872,005$1,758,227$1,510,404$2,389,799
60$3,119,839$1,799,270$1,515,893$2,528,512
61$3,391,532$1,840,904$1,520,145$2,678,715
62$3,689,472$1,883,112$1,523,073$2,841,525
63$4,016,290$1,925,876$1,524,588$3,018,171
64$4,374,884$1,969,176$1,524,594$3,210,007
65$4,768,445$2,012,989$1,522,991$3,418,525
66$5,200,491$2,057,289$1,519,675$3,645,369
67$5,674,893$2,102,049$1,514,537$3,892,349
68$6,195,920$2,147,237$1,507,461$4,161,461
69$6,768,270$2,192,817$1,498,327$4,454,904
70$7,397,121$2,238,753$1,487,008$4,775,101
71$8,088,177$2,285,002$1,473,373$5,124,720
72$8,847,722$2,331,518$1,457,282$5,506,704
73$9,682,679$2,378,252$1,438,591$5,924,295
74$10,600,675$2,425,149$1,417,147$6,381,065
75$11,610,114$2,472,151$1,392,790$6,880,953
76$12,720,252$2,519,193$1,365,356$7,428,297
77$13,941,290$2,566,206$1,334,668$8,027,880
78$15,284,467$2,613,116$1,300,545$8,684,974
79$16,762,165$2,659,840$1,262,795$9,405,386
80$18,388,027$2,706,293$1,221,219$10,195,519
81$20,177,084$2,752,380$1,175,608$11,062,431
82$22,145,899$2,797,999$1,125,744$12,013,898
83$24,312,722$2,843,043$1,071,398$13,058,492
84$26,697,662$2,887,394$1,012,332$14,205,661
85$29,322,874$2,930,927$948,295$15,465,818
86$32,212,772$2,973,507$879,028$16,850,440
87$35,394,258$3,014,992$804,259$18,372,176
88$38,896,972$3,055,226$723,701$20,044,969
89$42,753,576$3,094,046$637,058$21,884,186
90$47,000,062$3,131,275$544,020$23,906,763
91$51,676,086$3,166,725$444,263$26,131,368
92$56,825,348$3,200,195$337,447$28,578,576
93$62,496,001$3,231,473$223,219$31,271,066
94$68,741,106$3,260,328$101,210$34,233,830
95$75,619,134$3,286,519$0$37,494,419
96$83,194,512$3,309,786$0$41,085,979
97$91,538,240$3,329,853$0$45,049,743
98$100,728,552$3,346,426$0$49,412,908
99$110,851,657$3,359,194$0$54,216,167
100$122,002,556$3,367,825$0$59,504,371