Can I retire at age 51 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$86,708$85,936$85,182$84,447$83,728$83,096
2 years$42,925$42,125$41,351$40,599$39,871$39,233
3 years$28,332$27,529$26,757$26,012$25,296$24,673
4 years$21,037$20,237$19,472$18,740$18,041$17,438
5 years$16,662$15,866$15,111$14,394$13,715$13,132
6 years$13,745$12,956$12,212$11,511$10,852$10,291
7 years$11,663$10,880$10,148$9,464$8,825$8,287
8 years$10,102$9,326$8,606$7,939$7,322$6,805
9 years$8,889$8,120$7,413$6,762$6,166$5,672
10 years$7,919$7,158$6,463$5,829$5,254$4,781
11 years$7,125$6,372$5,690$5,073$4,518$4,067
12 years$6,465$5,719$5,049$4,450$3,915$3,485
13 years$5,906$5,168$4,511$3,929$3,414$3,005
14 years$5,428$4,698$4,053$3,487$2,993$2,603
15 years$5,014$4,292$3,660$3,110$2,635$2,265
16 years$4,652$3,938$3,318$2,785$2,329$1,978
17 years$4,333$3,626$3,019$2,502$2,065$1,732
18 years$4,049$3,351$2,756$2,255$1,836$1,521
19 years$3,796$3,106$2,523$2,037$1,637$1,339
20 years$3,569$2,886$2,316$1,845$1,462$1,180
21 years$3,363$2,688$2,130$1,675$1,308$1,042
22 years$3,176$2,509$1,963$1,523$1,173$922
23 years$3,006$2,347$1,813$1,387$1,053$817
24 years$2,850$2,199$1,676$1,265$946$724
25 years$2,707$2,063$1,553$1,155$851$643
26 years$2,575$1,939$1,440$1,056$767$571
27 years$2,453$1,825$1,337$967$691$508
28 years$2,340$1,720$1,243$886$624$451
29 years$2,235$1,622$1,157$812$563$402
30 years$2,137$1,532$1,077$745$509$358
31 years$2,046$1,448$1,004$685$460$319
32 years$1,961$1,371$937$629$416$284
33 years$1,880$1,298$875$579$377$253
34 years$1,805$1,230$818$532$341$226
35 years$1,734$1,167$764$490$309$202
36 years$1,668$1,107$715$451$280$180
37 years$1,605$1,052$669$416$254$161
38 years$1,545$1,000$627$383$230$144
39 years$1,489$951$587$353$209$128
40 years$1,436$904$550$326$189$115
41 years$1,385$861$516$301$172$102
42 years$1,337$820$484$278$156$91
43 years$1,291$781$454$256$141$82
44 years$1,248$745$426$237$128$73
45 years$1,206$710$400$218$116$65
46 years$1,167$677$376$202$106$58
47 years$1,129$646$353$186$96$52
48 years$1,093$617$332$172$87$47
49 years$1,058$589$312$159$79$42
50 years$1,025$563$293$147$72$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,050,000, adding $4,643 every year, while hoping to spend $49,903 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: 37/45/18 Blend
50$1,050,000$1,050,000$1,050,000$1,050,000
51$1,161,889$1,106,239$1,089,964$1,198,400
52$1,227,306$1,107,349$1,073,382$1,226,321
53$1,297,722$1,106,840$1,054,571$1,251,403
54$1,373,595$1,104,581$1,033,405$1,277,450
55$1,455,428$1,100,431$1,009,750$1,304,574
56$1,543,773$1,094,243$983,468$1,332,906
57$1,639,235$1,085,858$954,411$1,362,591
58$1,742,481$1,075,109$922,428$1,393,793
59$1,854,243$1,061,819$887,359$1,426,698
60$1,975,327$1,045,800$849,037$1,461,515
61$2,106,619$1,026,852$807,287$1,498,478
62$2,249,091$1,004,765$761,928$1,537,850
63$2,403,814$979,314$712,769$1,579,929
64$2,571,967$950,264$659,610$1,625,044
65$2,754,844$917,364$602,244$1,673,568
66$2,953,872$880,349$540,453$1,725,916
67$3,170,619$838,938$474,010$1,782,554
68$3,406,811$792,835$402,678$1,844,001
69$3,664,347$741,725$326,210$1,910,838
70$3,945,318$685,277$244,346$1,983,713
71$4,252,026$623,141$156,816$2,063,347
72$4,587,002$554,945$63,339$2,150,547
73$4,953,036$480,297$0$2,246,211
74$5,353,198$398,783$0$2,358,331
75$5,790,867$309,966$0$2,494,462
76$6,269,765$213,384$0$2,643,726
77$6,793,990$108,549$0$2,807,563
78$7,368,054$0$0$2,987,569
79$7,996,927$0$0$3,188,015
80$8,686,080$0$0$3,466,722
81$9,441,542$0$0$3,772,393
82$10,269,949$0$0$4,107,733
83$11,178,613$0$0$4,475,720
84$12,175,586$0$0$4,879,635
85$13,269,738$0$0$5,323,092
86$14,470,840$0$0$5,810,073
87$15,789,652$0$0$6,344,962
88$17,238,032$0$0$6,932,591
89$18,829,038$0$0$7,578,282
90$20,577,057$0$0$8,287,899
91$22,497,939$0$0$9,067,901
92$24,609,145$0$0$9,925,404
93$26,929,911$0$0$10,868,248
94$29,481,431$0$0$11,905,071
95$32,287,052$0$0$13,045,391
96$35,372,500$0$0$14,299,693
97$38,766,116$0$0$15,679,529
98$42,499,129$0$0$17,197,628
99$46,605,944$0$0$18,868,015
100$51,124,468$0$0$20,706,143