Can I retire at age 51 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$89,185$88,391$87,616$86,859$86,121$85,435
2 years$44,151$43,329$42,532$41,759$41,010$40,318
3 years$29,142$28,316$27,521$26,756$26,018$25,343
4 years$21,638$20,815$20,028$19,276$18,557$17,902
5 years$17,138$16,319$15,543$14,806$14,106$13,475
6 years$14,138$13,326$12,561$11,840$11,162$10,554
7 years$11,997$11,191$10,438$9,735$9,078$8,494
8 years$10,391$9,593$8,852$8,166$7,531$6,971
9 years$9,143$8,352$7,625$6,956$6,342$5,807
10 years$8,145$7,362$6,647$5,996$5,404$4,892
11 years$7,329$6,554$5,852$5,218$4,647$4,159
12 years$6,650$5,883$5,194$4,577$4,027$3,562
13 years$6,075$5,316$4,640$4,041$3,512$3,069
14 years$5,583$4,832$4,169$3,587$3,078$2,657
15 years$5,157$4,414$3,764$3,199$2,711$2,310
16 years$4,785$4,050$3,413$2,864$2,396$2,016
17 years$4,457$3,730$3,106$2,574$2,124$1,764
18 years$4,165$3,447$2,835$2,319$1,889$1,548
19 years$3,905$3,194$2,595$2,096$1,683$1,361
20 years$3,671$2,968$2,382$1,898$1,504$1,200
21 years$3,459$2,765$2,191$1,723$1,346$1,059
22 years$3,267$2,581$2,019$1,566$1,206$936
23 years$3,092$2,414$1,864$1,426$1,083$828
24 years$2,932$2,262$1,724$1,301$973$734
25 years$2,784$2,122$1,597$1,188$876$651
26 years$2,649$1,995$1,481$1,086$789$578
27 years$2,523$1,877$1,375$994$711$513
28 years$2,407$1,769$1,279$911$642$456
29 years$2,299$1,669$1,190$835$579$406
30 years$2,198$1,576$1,108$767$524$361
31 years$2,104$1,490$1,033$704$473$321
32 years$2,017$1,410$964$647$428$286
33 years$1,934$1,335$900$595$387$255
34 years$1,857$1,265$841$548$351$227
35 years$1,784$1,200$786$504$318$203
36 years$1,715$1,139$736$464$288$181
37 years$1,651$1,082$688$428$261$161
38 years$1,589$1,028$645$394$237$144
39 years$1,531$978$604$364$215$128
40 years$1,477$930$566$335$195$115
41 years$1,424$885$531$309$177$102
42 years$1,375$843$498$285$160$91
43 years$1,328$803$467$264$145$81
44 years$1,283$766$439$243$132$73
45 years$1,241$730$412$225$120$65
46 years$1,200$697$387$208$109$58
47 years$1,161$665$363$192$99$52
48 years$1,124$635$341$177$90$46
49 years$1,088$606$321$164$81$41
50 years$1,054$579$302$151$74$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,080,000, adding $6,535 every year, while hoping to spend $41,879 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: 73/5/22 Blend
50$1,080,000$1,080,000$1,080,000$1,080,000
51$1,196,901$1,139,661$1,122,921$1,277,384
52$1,274,426$1,150,945$1,115,980$1,343,087
53$1,358,455$1,161,379$1,107,403$1,409,401
54$1,449,607$1,170,876$1,097,090$1,481,004
55$1,548,563$1,179,345$1,084,939$1,558,418
56$1,656,072$1,186,689$1,070,840$1,642,214
57$1,772,958$1,192,804$1,054,680$1,733,024
58$1,900,128$1,197,579$1,036,340$1,831,546
59$2,038,578$1,200,897$1,015,694$1,938,545
60$2,189,406$1,202,634$992,613$2,054,871
61$2,353,819$1,202,657$966,959$2,181,455
62$2,533,147$1,200,826$938,591$2,319,328
63$2,728,853$1,196,992$907,359$2,469,624
64$2,942,547$1,190,995$873,106$2,633,595
65$3,176,000$1,182,667$835,669$2,812,622
66$3,431,166$1,171,831$794,877$3,008,227
67$3,710,191$1,158,298$750,552$3,222,086
68$4,015,442$1,141,866$702,507$3,456,051
69$4,349,524$1,122,323$650,547$3,712,161
70$4,715,303$1,099,445$594,469$3,992,666
71$5,115,939$1,072,993$534,058$4,300,045
72$5,554,910$1,042,715$469,094$4,637,034
73$6,036,045$1,008,343$399,344$5,006,646
74$6,563,565$969,594$324,565$5,412,207
75$7,142,114$926,170$244,503$5,857,380
76$7,776,811$877,754$158,896$6,346,205
77$8,473,293$824,011$67,465$6,883,138
78$9,237,768$764,586$0$7,473,090
79$10,077,075$699,106$0$8,128,542
80$10,998,749$627,175$0$8,865,755
81$12,011,090$548,374$0$9,675,530
82$13,123,238$462,262$0$10,565,199
83$14,345,267$368,371$0$11,542,838
84$15,688,271$266,209$0$12,617,348
85$17,164,476$155,254$0$13,798,534
86$18,787,347$34,956$0$15,097,200
87$20,571,722$0$0$16,525,252
88$22,533,947$0$0$18,101,048
89$24,692,033$0$0$19,836,303
90$27,065,821$0$0$21,745,056
91$29,677,174$0$0$23,844,894
92$32,550,181$0$0$26,155,193
93$35,711,382$0$0$28,697,303
94$39,190,018$0$0$31,494,749
95$43,018,313$0$0$34,573,448
96$47,231,767$0$0$37,961,962
97$51,869,499$0$0$41,691,758
98$56,974,613$0$0$45,797,510
99$62,594,603$0$0$50,317,424
100$68,781,802$0$0$55,293,599