Can I retire at age 51 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$83,405$82,662$81,937$81,230$80,539$78,401
2 years$41,290$40,521$39,775$39,053$38,352$36,213
3 years$27,253$26,481$25,737$25,021$24,332$22,259
4 years$20,236$19,466$18,730$18,027$17,354$15,363
5 years$16,027$15,262$14,535$13,846$13,192$11,288
6 years$13,222$12,462$11,747$11,073$10,438$8,624
7 years$11,219$10,466$9,762$9,104$8,489$6,764
8 years$9,717$8,971$8,279$7,637$7,043$5,405
9 years$8,550$7,811$7,130$6,505$5,931$4,381
10 years$7,617$6,885$6,216$5,607$5,053$3,588
11 years$6,854$6,129$5,473$4,880$4,346$2,963
12 years$6,219$5,501$4,857$4,280$3,766$2,464
13 years$5,681$4,972$4,339$3,779$3,284$2,059
14 years$5,221$4,519$3,899$3,355$2,879$1,729
15 years$4,823$4,128$3,520$2,992$2,535$1,456
16 years$4,475$3,788$3,192$2,679$2,240$1,230
17 years$4,168$3,488$2,904$2,407$1,986$1,042
18 years$3,895$3,223$2,651$2,169$1,766$884
19 years$3,652$2,987$2,427$1,960$1,574$752
20 years$3,433$2,776$2,227$1,775$1,406$640
21 years$3,235$2,586$2,049$1,611$1,258$546
22 years$3,055$2,414$1,888$1,465$1,128$466
23 years$2,891$2,257$1,743$1,334$1,013$398
24 years$2,742$2,115$1,612$1,217$910$340
25 years$2,604$1,985$1,493$1,111$819$291
26 years$2,477$1,865$1,385$1,016$738$249
27 years$2,360$1,756$1,286$930$665$213
28 years$2,251$1,654$1,196$852$600$182
29 years$2,150$1,561$1,113$781$542$156
30 years$2,056$1,474$1,036$717$490$134
31 years$1,968$1,393$966$659$443$115
32 years$1,886$1,318$901$605$400$98
33 years$1,809$1,248$842$557$362$84
34 years$1,736$1,183$786$512$328$72
35 years$1,668$1,122$735$471$297$62
36 years$1,604$1,065$688$434$269$53
37 years$1,544$1,012$644$400$244$46
38 years$1,486$962$603$369$221$39
39 years$1,432$914$565$340$201$34
40 years$1,381$870$529$314$182$29
41 years$1,332$828$496$289$165$25
42 years$1,286$789$466$267$150$21
43 years$1,242$751$437$246$136$18
44 years$1,200$716$410$228$123$16
45 years$1,160$683$385$210$112$13
46 years$1,122$652$362$194$102$12
47 years$1,086$622$340$179$92$10
48 years$1,051$594$319$166$84$8
49 years$1,018$567$300$153$76$7
50 years$986$541$282$142$69$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,010,000, adding $3,056 every year, while hoping to spend $24,343 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: 49/46/5 Blend
50$1,010,000$1,010,000$1,010,000$1,010,000
51$1,116,172$1,062,642$1,046,987$1,169,347
52$1,204,121$1,088,811$1,056,161$1,232,095
53$1,300,225$1,115,446$1,064,825$1,297,350
54$1,405,289$1,142,545$1,072,939$1,367,641
55$1,520,203$1,170,103$1,080,456$1,443,442
56$1,645,942$1,198,116$1,087,329$1,525,278
57$1,783,582$1,226,579$1,093,510$1,613,723
58$1,934,310$1,255,483$1,098,944$1,709,412
59$2,099,428$1,284,821$1,103,578$1,813,042
60$2,280,376$1,314,583$1,107,353$1,925,381
61$2,478,734$1,344,757$1,110,209$2,047,276
62$2,696,246$1,375,331$1,112,083$2,179,659
63$2,934,832$1,406,291$1,112,906$2,323,555
64$3,196,606$1,437,621$1,112,610$2,480,095
65$3,483,897$1,469,302$1,111,120$2,650,525
66$3,799,271$1,501,314$1,108,359$2,836,215
67$4,145,553$1,533,635$1,104,245$3,038,678
68$4,525,858$1,566,241$1,098,695$3,259,578
69$4,943,613$1,599,105$1,091,619$3,500,749
70$5,402,597$1,632,196$1,082,924$3,764,213
71$5,906,971$1,665,483$1,072,512$4,052,195
72$6,461,321$1,698,931$1,060,280$4,367,149
73$7,070,698$1,732,500$1,046,121$4,711,780
74$7,740,666$1,766,149$1,029,923$5,089,066
75$8,477,356$1,799,833$1,011,568$5,502,289
76$9,287,524$1,833,503$990,933$5,955,068
77$10,178,612$1,867,105$967,889$6,451,388
78$11,158,819$1,900,582$942,302$6,995,643
79$12,237,180$1,933,872$914,031$7,592,675
80$13,423,649$1,966,908$882,927$8,247,818
81$14,729,193$1,999,618$848,838$8,966,953
82$16,165,897$2,031,926$811,600$9,756,559
83$17,747,077$2,063,748$771,047$10,623,778
84$19,487,402$2,094,996$727,001$11,576,479
85$21,403,040$2,125,574$679,278$12,623,338
86$23,511,803$2,155,379$627,687$13,773,912
87$25,833,317$2,184,304$572,025$15,038,738
88$28,389,211$2,212,229$512,082$16,429,426
89$31,203,313$2,239,032$447,640$17,958,773
90$34,301,884$2,264,577$378,469$19,640,882
91$37,713,857$2,288,722$304,329$21,491,297
92$41,471,117$2,311,317$224,970$23,527,146
93$45,608,797$2,332,197$140,133$25,767,312
94$50,165,610$2,351,190$49,543$28,232,599
95$55,184,217$2,368,113$0$30,945,942
96$60,711,626$2,382,769$0$33,935,128
97$66,799,637$2,394,950$0$37,228,482
98$73,505,330$2,404,433$0$40,854,073
99$80,891,607$2,410,983$0$44,845,752
100$89,027,779$2,414,350$0$49,240,825