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%19.7%
1 years$82,579$81,843$81,126$80,425$79,741$76,638
2 years$40,881$40,119$39,381$38,666$37,972$34,883
3 years$26,983$26,218$25,482$24,774$24,091$21,114
4 years$20,036$19,273$18,545$17,848$17,182$14,339
5 years$15,868$15,111$14,391$13,709$13,061$10,360
6 years$13,091$12,339$11,630$10,963$10,335$7,776
7 years$11,108$10,362$9,665$9,013$8,405$5,989
8 years$9,621$8,882$8,197$7,561$6,973$4,697
9 years$8,466$7,734$7,060$6,440$5,872$3,733
10 years$7,542$6,817$6,155$5,552$5,003$2,996
11 years$6,786$6,069$5,419$4,832$4,303$2,424
12 years$6,157$5,447$4,809$4,238$3,729$1,973
13 years$5,625$4,922$4,296$3,742$3,252$1,614
14 years$5,170$4,474$3,860$3,321$2,850$1,325
15 years$4,775$4,087$3,485$2,962$2,510$1,091
16 years$4,430$3,750$3,160$2,652$2,218$901
17 years$4,126$3,454$2,875$2,383$1,967$745
18 years$3,857$3,191$2,625$2,148$1,749$617
19 years$3,615$2,958$2,403$1,940$1,559$512
20 years$3,399$2,748$2,205$1,757$1,392$426
21 years$3,203$2,560$2,029$1,595$1,246$354
22 years$3,025$2,390$1,870$1,450$1,117$295
23 years$2,863$2,235$1,726$1,321$1,002$245
24 years$2,714$2,094$1,596$1,205$901$204
25 years$2,578$1,965$1,479$1,100$811$170
26 years$2,453$1,847$1,371$1,006$730$142
27 years$2,336$1,738$1,273$921$658$119
28 years$2,229$1,638$1,184$844$594$99
29 years$2,129$1,545$1,102$774$537$83
30 years$2,036$1,459$1,026$710$485$69
31 years$1,949$1,380$957$652$438$57
32 years$1,867$1,305$893$599$396$48
33 years$1,791$1,236$833$551$359$40
34 years$1,719$1,172$779$507$325$33
35 years$1,652$1,111$728$467$294$28
36 years$1,588$1,055$681$430$267$23
37 years$1,528$1,002$637$396$242$19
38 years$1,472$952$597$365$219$16
39 years$1,418$905$559$337$199$14
40 years$1,367$861$524$310$180$11
41 years$1,319$820$492$286$163$9
42 years$1,273$781$461$264$148$8
43 years$1,230$744$433$244$135$7
44 years$1,188$709$406$225$122$6
45 years$1,149$676$381$208$111$5
46 years$1,111$645$358$192$101$4
47 years$1,075$616$336$178$91$3
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$2
50 years$976$536$279$140$69$2

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 $2,770 every year, while hoping to spend $20,717 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: 48/24/28 Blend
50$1,000,000$1,000,000$1,000,000$1,000,000
51$1,104,857$1,051,857$1,036,357$1,148,942
52$1,195,510$1,081,356$1,049,032$1,209,733
53$1,294,715$1,111,605$1,061,438$1,273,463
54$1,403,323$1,142,620$1,073,543$1,342,273
55$1,522,269$1,174,417$1,085,315$1,416,655
56$1,652,587$1,207,009$1,096,718$1,497,146
57$1,795,410$1,240,412$1,107,718$1,584,342
58$1,951,991$1,274,641$1,118,276$1,678,897
59$2,123,707$1,309,711$1,128,351$1,781,531
60$2,312,075$1,345,637$1,137,900$1,893,039
61$2,518,767$1,382,433$1,146,880$2,014,295
62$2,745,623$1,420,115$1,155,243$2,146,264
63$2,994,672$1,458,696$1,162,939$2,290,008
64$3,268,147$1,498,191$1,169,916$2,446,696
65$3,568,510$1,538,613$1,176,119$2,617,618
66$3,898,470$1,579,977$1,181,492$2,804,195
67$4,261,014$1,622,297$1,185,972$3,007,992
68$4,659,432$1,665,584$1,189,497$3,230,735
69$5,097,348$1,709,852$1,191,999$3,474,324
70$5,578,756$1,755,112$1,193,409$3,740,855
71$6,108,053$1,801,377$1,193,652$4,032,635
72$6,690,087$1,848,657$1,192,652$4,352,209
73$7,330,197$1,896,963$1,190,327$4,702,381
74$8,034,267$1,946,304$1,186,593$5,086,241
75$8,808,779$1,996,689$1,181,360$5,507,193
76$9,660,873$2,048,125$1,174,535$5,968,991
77$10,598,420$2,100,621$1,166,019$6,475,770
78$11,630,088$2,154,181$1,155,710$7,032,088
79$12,765,432$2,208,811$1,143,501$7,642,969
80$14,014,976$2,264,513$1,129,279$8,313,949
81$15,390,320$2,321,290$1,112,926$9,051,128
82$16,904,241$2,379,142$1,094,318$9,861,232
83$18,570,822$2,438,068$1,073,326$10,751,670
84$20,405,578$2,498,066$1,049,814$11,730,612
85$22,425,606$2,559,130$1,023,642$12,807,057
86$24,649,745$2,621,254$994,661$13,990,927
87$27,098,753$2,684,430$962,716$15,293,154
88$29,795,504$2,748,644$927,645$16,725,789
89$32,765,202$2,813,885$889,278$18,302,112
90$36,035,623$2,880,135$847,439$20,036,759
91$39,637,370$2,947,376$801,942$21,945,860
92$43,604,167$3,015,583$752,593$24,047,191
93$47,973,178$3,084,732$699,190$26,360,347
94$52,785,351$3,154,793$641,522$28,906,918
95$58,085,811$3,225,732$579,367$31,710,702
96$63,924,283$3,297,513$512,496$34,797,925
97$70,355,562$3,370,093$440,666$38,197,491
98$77,440,028$3,443,426$363,627$41,941,256
99$85,244,218$3,517,460$281,115$46,064,324
100$93,841,452$3,592,140$192,856$50,605,387