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%17.3%
1 years$113,959$112,944$111,954$110,987$110,043$106,777
2 years$56,415$55,365$54,346$53,359$52,401$49,138
3 years$37,237$36,181$35,166$34,188$33,246$30,087
4 years$27,649$26,597$25,592$24,630$23,711$20,682
5 years$21,898$20,853$19,860$18,918$18,025$15,133
6 years$18,065$17,028$16,050$15,129$14,262$11,510
7 years$15,329$14,300$13,338$12,439$11,599$8,987
8 years$13,277$12,258$11,311$10,434$9,623$7,148
9 years$11,683$10,672$9,742$8,888$8,104$5,765
10 years$10,407$9,407$8,494$7,661$6,905$4,699
11 years$9,365$8,375$7,478$6,668$5,938$3,861
12 years$8,497$7,517$6,636$5,848$5,146$3,193
13 years$7,763$6,793$5,929$5,163$4,487$2,654
14 years$7,134$6,175$5,327$4,583$3,934$2,216
15 years$6,590$5,641$4,810$4,088$3,463$1,856
16 years$6,114$5,175$4,361$3,660$3,061$1,559
17 years$5,695$4,766$3,968$3,288$2,714$1,313
18 years$5,322$4,404$3,622$2,964$2,413$1,108
19 years$4,989$4,082$3,316$2,678$2,151$936
20 years$4,690$3,793$3,043$2,425$1,921$792
21 years$4,420$3,533$2,799$2,201$1,719$671
22 years$4,174$3,298$2,580$2,001$1,541$569
23 years$3,951$3,084$2,382$1,823$1,383$483
24 years$3,746$2,890$2,203$1,662$1,243$410
25 years$3,558$2,712$2,041$1,518$1,119$348
26 years$3,384$2,549$1,893$1,388$1,008$296
27 years$3,224$2,399$1,757$1,271$909$252
28 years$3,076$2,260$1,634$1,164$820$214
29 years$2,938$2,132$1,520$1,068$740$182
30 years$2,809$2,014$1,416$980$669$155
31 years$2,689$1,904$1,320$900$605$132
32 years$2,577$1,801$1,232$827$547$113
33 years$2,471$1,706$1,150$760$495$96
34 years$2,372$1,617$1,075$700$448$82
35 years$2,279$1,533$1,005$644$406$70
36 years$2,192$1,455$940$593$368$59
37 years$2,109$1,382$880$547$333$51
38 years$2,031$1,314$824$504$302$43
39 years$1,957$1,249$772$464$274$37
40 years$1,887$1,189$723$428$249$31
41 years$1,820$1,131$678$395$226$27
42 years$1,757$1,078$636$365$205$23
43 years$1,697$1,027$597$337$186$19
44 years$1,640$979$560$311$169$17
45 years$1,585$933$526$287$153$14
46 years$1,533$890$494$265$139$12
47 years$1,484$850$464$245$126$10
48 years$1,436$811$436$226$115$9
49 years$1,391$774$410$209$104$7
50 years$1,347$740$386$193$95$6

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 $3,947 every year, while hoping to spend $22,883 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: 58/12/30 Blend
50$1,380,000$1,380,000$1,380,000$1,380,000
51$1,524,831$1,451,691$1,430,301$1,600,509
52$1,656,017$1,498,477$1,453,869$1,699,688
53$1,799,816$1,546,788$1,477,459$1,805,052
54$1,957,492$1,596,675$1,501,049$1,919,486
55$2,130,435$1,648,191$1,524,613$2,043,876
56$2,320,176$1,701,389$1,548,124$2,179,200
57$2,528,403$1,756,326$1,571,555$2,326,536
58$2,756,973$1,813,059$1,594,875$2,487,068
59$3,007,933$1,871,648$1,618,053$2,662,102
60$3,283,539$1,932,155$1,641,054$2,853,078
61$3,586,273$1,994,644$1,663,842$3,061,580
62$3,918,873$2,059,181$1,686,381$3,289,352
63$4,284,352$2,125,835$1,708,628$3,538,318
64$4,686,030$2,194,676$1,730,542$3,810,596
65$5,127,568$2,265,777$1,752,078$4,108,520
66$5,612,994$2,339,215$1,773,187$4,434,661
67$6,146,750$2,415,067$1,793,819$4,791,850
68$6,733,728$2,493,414$1,813,921$5,183,210
69$7,379,318$2,574,341$1,833,437$5,612,178
70$8,089,458$2,657,934$1,852,308$6,082,542
71$8,870,693$2,744,283$1,870,470$6,598,477
72$9,730,231$2,833,480$1,887,858$7,164,583
73$10,676,016$2,925,622$1,904,402$7,785,926
74$11,716,800$3,020,807$1,920,030$8,468,091
75$12,862,226$3,119,140$1,934,664$9,217,231
76$14,122,921$3,220,726$1,948,223$10,040,126
77$15,510,592$3,325,674$1,960,622$10,944,247
78$17,038,141$3,434,100$1,971,771$11,937,825
79$18,719,781$3,546,122$1,981,575$13,029,932
80$20,571,177$3,661,860$1,989,936$14,230,565
81$22,609,588$3,781,442$1,996,750$15,550,739
82$24,854,031$3,904,998$2,001,906$17,002,591
83$27,325,463$4,032,663$2,005,291$18,599,497
84$30,046,976$4,164,579$2,006,783$20,356,198
85$33,044,013$4,300,889$2,006,256$22,288,935
86$36,344,614$4,441,744$2,003,577$24,415,607
87$39,979,675$4,587,300$1,998,607$26,755,939
88$43,983,241$4,737,717$1,991,200$29,331,667
89$48,392,828$4,893,162$1,981,202$32,166,742
90$53,249,777$5,053,807$1,968,453$35,287,561
91$58,599,643$5,219,832$1,952,785$38,723,209
92$64,492,624$5,391,422$1,934,021$42,505,742
93$70,984,038$5,568,767$1,911,976$46,670,483
94$78,134,840$5,752,068$1,886,458$51,256,357
95$86,012,203$5,941,528$1,857,264$56,306,262
96$94,690,147$6,137,362$1,824,181$61,867,469
97$104,250,239$6,339,790$1,786,988$67,992,073
98$114,782,364$6,549,040$1,745,453$74,737,481
99$126,385,571$6,765,349$1,699,332$82,166,956
100$139,169,011$6,988,963$1,648,371$90,350,215