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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$82,579$81,843$81,126$80,425$79,741$77,344
2 years$40,881$40,119$39,381$38,666$37,972$35,577
3 years$26,983$26,218$25,482$24,774$24,091$21,773
4 years$20,036$19,273$18,545$17,848$17,182$14,959
5 years$15,868$15,111$14,391$13,709$13,061$10,940
6 years$13,091$12,339$11,630$10,963$10,335$8,316
7 years$11,108$10,362$9,665$9,013$8,405$6,489
8 years$9,621$8,882$8,197$7,561$6,973$5,159
9 years$8,466$7,734$7,060$6,440$5,872$4,158
10 years$7,542$6,817$6,155$5,552$5,003$3,387
11 years$6,786$6,069$5,419$4,832$4,303$2,781
12 years$6,157$5,447$4,809$4,238$3,729$2,298
13 years$5,625$4,922$4,296$3,742$3,252$1,909
14 years$5,170$4,474$3,860$3,321$2,850$1,593
15 years$4,775$4,087$3,485$2,962$2,510$1,333
16 years$4,430$3,750$3,160$2,652$2,218$1,119
17 years$4,126$3,454$2,875$2,383$1,967$942
18 years$3,857$3,191$2,625$2,148$1,749$794
19 years$3,615$2,958$2,403$1,940$1,559$670
20 years$3,399$2,748$2,205$1,757$1,392$567
21 years$3,203$2,560$2,029$1,595$1,246$480
22 years$3,025$2,390$1,870$1,450$1,117$407
23 years$2,863$2,235$1,726$1,321$1,002$345
24 years$2,714$2,094$1,596$1,205$901$293
25 years$2,578$1,965$1,479$1,100$811$248
26 years$2,453$1,847$1,371$1,006$730$211
27 years$2,336$1,738$1,273$921$658$179
28 years$2,229$1,638$1,184$844$594$152
29 years$2,129$1,545$1,102$774$537$130
30 years$2,036$1,459$1,026$710$485$110
31 years$1,949$1,380$957$652$438$94
32 years$1,867$1,305$893$599$396$80
33 years$1,791$1,236$833$551$359$68
34 years$1,719$1,172$779$507$325$58
35 years$1,652$1,111$728$467$294$49
36 years$1,588$1,055$681$430$267$42
37 years$1,528$1,002$637$396$242$36
38 years$1,472$952$597$365$219$30
39 years$1,418$905$559$337$199$26
40 years$1,367$861$524$310$180$22
41 years$1,319$820$492$286$163$19
42 years$1,273$781$461$264$148$16
43 years$1,230$744$433$244$135$14
44 years$1,188$709$406$225$122$12
45 years$1,149$676$381$208$111$10
46 years$1,111$645$358$192$101$8
47 years$1,075$616$336$178$91$7
48 years$1,041$588$316$164$83$6
49 years$1,008$561$297$152$75$5
50 years$976$536$279$140$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,000,000, adding $6,445 every year, while hoping to spend $20,415 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: 30/41/29 Blend
50$1,000,000$1,000,000$1,000,000$1,000,000
51$1,108,648$1,055,648$1,040,148$1,131,889
52$1,200,009$1,085,653$1,053,272$1,180,645
53$1,300,004$1,116,445$1,066,151$1,230,848
54$1,409,493$1,148,039$1,078,755$1,284,454
55$1,529,422$1,180,454$1,091,054$1,341,773
56$1,660,833$1,213,706$1,103,014$1,403,149
57$1,804,872$1,247,812$1,114,600$1,468,957
58$1,962,806$1,282,791$1,125,775$1,539,611
59$2,136,024$1,318,660$1,136,501$1,615,568
60$2,326,060$1,355,436$1,146,735$1,697,330
61$2,534,603$1,393,137$1,156,436$1,785,450
62$2,763,513$1,431,781$1,165,557$1,880,536
63$3,014,838$1,471,386$1,174,050$1,983,260
64$3,290,837$1,511,968$1,181,866$2,094,360
65$3,593,994$1,553,547$1,188,950$2,214,649
66$3,927,050$1,596,139$1,195,248$2,345,025
67$4,293,021$1,639,762$1,200,701$2,486,475
68$4,695,231$1,684,432$1,205,247$2,640,087
69$5,137,343$1,730,168$1,208,821$2,807,059
70$5,623,392$1,776,986$1,211,356$2,988,712
71$6,157,821$1,824,902$1,212,780$3,186,501
72$6,745,529$1,873,932$1,213,018$3,402,031
73$7,391,911$1,924,092$1,211,992$3,637,067
74$8,102,911$1,975,398$1,209,619$3,893,558
75$8,885,080$2,027,865$1,205,813$4,173,650
76$9,745,633$2,081,506$1,200,484$4,479,706
77$10,692,523$2,136,334$1,193,535$4,814,334
78$11,734,510$2,192,364$1,184,868$5,180,404
79$12,881,247$2,249,607$1,174,378$5,581,084
80$14,143,370$2,308,074$1,161,956$6,019,860
81$15,532,600$2,367,775$1,147,487$6,500,578
82$17,061,848$2,428,720$1,130,851$7,027,475
83$18,745,346$2,490,916$1,111,924$7,605,221
84$20,598,770$2,554,370$1,090,572$8,238,963
85$22,639,398$2,619,088$1,066,660$8,934,374
86$24,886,266$2,685,072$1,040,042$9,697,705
87$27,360,350$2,752,326$1,010,569$10,535,847
88$30,084,765$2,820,849$978,082$11,456,396
89$33,084,981$2,890,640$942,417$12,467,720
90$36,389,063$2,961,696$903,402$13,579,047
91$40,027,938$3,034,009$860,857$14,800,543
92$44,035,685$3,107,573$814,593$16,143,416
93$48,449,856$3,182,375$764,413$17,620,015
94$53,311,832$3,258,402$710,112$19,243,956
95$58,667,213$3,335,638$651,474$21,030,241
96$64,566,246$3,414,062$588,276$22,995,406
97$71,064,302$3,493,650$520,283$25,157,676
98$78,222,398$3,574,376$447,249$27,537,140
99$86,107,770$3,656,207$368,919$30,155,934
100$94,794,510$3,739,109$285,025$33,038,459