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%16.1%
1 years$82,579$81,843$81,126$80,425$79,741$77,751
2 years$40,881$40,119$39,381$38,666$37,972$35,979
3 years$26,983$26,218$25,482$24,774$24,091$22,158
4 years$20,036$19,273$18,545$17,848$17,182$15,324
5 years$15,868$15,111$14,391$13,709$13,061$11,283
6 years$13,091$12,339$11,630$10,963$10,335$8,639
7 years$11,108$10,362$9,665$9,013$8,405$6,791
8 years$9,621$8,882$8,197$7,561$6,973$5,440
9 years$8,466$7,734$7,060$6,440$5,872$4,419
10 years$7,542$6,817$6,155$5,552$5,003$3,629
11 years$6,786$6,069$5,419$4,832$4,303$3,005
12 years$6,157$5,447$4,809$4,238$3,729$2,505
13 years$5,625$4,922$4,296$3,742$3,252$2,099
14 years$5,170$4,474$3,860$3,321$2,850$1,767
15 years$4,775$4,087$3,485$2,962$2,510$1,493
16 years$4,430$3,750$3,160$2,652$2,218$1,265
17 years$4,126$3,454$2,875$2,383$1,967$1,074
18 years$3,857$3,191$2,625$2,148$1,749$914
19 years$3,615$2,958$2,403$1,940$1,559$780
20 years$3,399$2,748$2,205$1,757$1,392$666
21 years$3,203$2,560$2,029$1,595$1,246$569
22 years$3,025$2,390$1,870$1,450$1,117$487
23 years$2,863$2,235$1,726$1,321$1,002$417
24 years$2,714$2,094$1,596$1,205$901$358
25 years$2,578$1,965$1,479$1,100$811$307
26 years$2,453$1,847$1,371$1,006$730$264
27 years$2,336$1,738$1,273$921$658$226
28 years$2,229$1,638$1,184$844$594$195
29 years$2,129$1,545$1,102$774$537$167
30 years$2,036$1,459$1,026$710$485$144
31 years$1,949$1,380$957$652$438$124
32 years$1,867$1,305$893$599$396$106
33 years$1,791$1,236$833$551$359$91
34 years$1,719$1,172$779$507$325$79
35 years$1,652$1,111$728$467$294$68
36 years$1,588$1,055$681$430$267$58
37 years$1,528$1,002$637$396$242$50
38 years$1,472$952$597$365$219$43
39 years$1,418$905$559$337$199$37
40 years$1,367$861$524$310$180$32
41 years$1,319$820$492$286$163$28
42 years$1,273$781$461$264$148$24
43 years$1,230$744$433$244$135$20
44 years$1,188$709$406$225$122$18
45 years$1,149$676$381$208$111$15
46 years$1,111$645$358$192$101$13
47 years$1,075$616$336$178$91$11
48 years$1,041$588$316$164$83$10
49 years$1,008$561$297$152$75$8
50 years$976$536$279$140$69$7

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 $5,583 every year, while hoping to spend $59,107 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: 44/44/12 Blend
50$1,000,000$1,000,000$1,000,000$1,000,000
51$1,107,759$1,054,759$1,039,259$1,152,448
52$1,157,861$1,043,553$1,011,185$1,172,924
53$1,211,092$1,029,816$980,189$1,188,690
54$1,267,710$1,013,364$946,111$1,204,467
55$1,327,995$993,997$908,785$1,220,278
56$1,392,254$971,507$868,033$1,236,155
57$1,460,826$945,672$823,674$1,252,136
58$1,534,078$916,258$775,515$1,268,269
59$1,612,416$883,017$723,357$1,284,610
60$1,696,283$845,686$666,990$1,301,228
61$1,786,166$803,986$606,196$1,318,202
62$1,882,598$757,624$540,746$1,335,629
63$1,986,165$706,289$470,403$1,353,619
64$2,097,509$649,653$394,917$1,372,301
65$2,217,336$587,367$314,028$1,391,824
66$2,346,420$519,064$227,464$1,412,362
67$2,485,613$444,356$134,942$1,434,113
68$2,635,849$362,833$36,166$1,457,304
69$2,798,156$274,062$0$1,482,194
70$2,973,661$177,584$0$1,517,948
71$3,163,606$72,917$0$1,561,553
72$3,369,354$0$0$1,608,799
73$3,592,405$0$0$1,679,750
74$3,834,407$0$0$1,795,135
75$4,097,174$0$0$1,920,526
76$4,382,701$0$0$2,056,890
77$4,693,181$0$0$2,205,287
78$5,031,029$0$0$2,366,887
79$5,398,900$0$0$2,542,975
80$5,799,718$0$0$2,734,966
81$6,236,698$0$0$2,944,417
82$6,713,380$0$0$3,173,042
83$7,233,661$0$0$3,422,728
84$7,801,829$0$0$3,695,553
85$8,422,606$0$0$3,993,802
86$9,101,189$0$0$4,319,994
87$9,843,302$0$0$4,676,900
88$10,655,244$0$0$5,067,573
89$11,543,954$0$0$5,495,374
90$12,517,071$0$0$5,964,005
91$13,583,009$0$0$6,477,541
92$14,751,033$0$0$7,040,471
93$16,031,345$0$0$7,657,741
94$17,435,184$0$0$8,334,795
95$18,974,926$0$0$9,077,631
96$20,664,205$0$0$9,892,856
97$22,518,037$0$0$10,787,748
98$24,552,960$0$0$11,770,321
99$26,787,196$0$0$12,849,407
100$29,240,813$0$0$14,034,734