Can I retire at age 51 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$90,837$90,028$89,238$88,468$87,716$84,704
2 years$44,969$44,131$43,320$42,533$41,769$38,766
3 years$29,681$28,840$28,031$27,251$26,500$23,600
4 years$22,039$21,201$20,399$19,633$18,900$16,124
5 years$17,455$16,622$15,831$15,080$14,368$11,724
6 years$14,400$13,573$12,793$12,060$11,369$8,859
7 years$12,219$11,398$10,631$9,915$9,246$6,869
8 years$10,583$9,771$9,016$8,317$7,670$5,426
9 years$9,312$8,507$7,766$7,084$6,459$4,344
10 years$8,296$7,499$6,770$6,107$5,504$3,514
11 years$7,465$6,675$5,960$5,315$4,733$2,865
12 years$6,773$5,992$5,290$4,662$4,102$2,350
13 years$6,188$5,415$4,726$4,116$3,577$1,938
14 years$5,687$4,922$4,246$3,653$3,135$1,605
15 years$5,253$4,496$3,834$3,258$2,761$1,333
16 years$4,873$4,125$3,476$2,917$2,440$1,110
17 years$4,539$3,799$3,163$2,621$2,163$926
18 years$4,242$3,510$2,887$2,362$1,924$775
19 years$3,977$3,253$2,643$2,135$1,715$649
20 years$3,739$3,023$2,426$1,933$1,531$544
21 years$3,523$2,816$2,231$1,755$1,371$457
22 years$3,327$2,629$2,057$1,595$1,228$384
23 years$3,149$2,459$1,899$1,453$1,103$322
24 years$2,986$2,304$1,756$1,325$991$271
25 years$2,836$2,162$1,627$1,210$892$228
26 years$2,698$2,032$1,509$1,106$803$192
27 years$2,570$1,912$1,401$1,013$724$162
28 years$2,452$1,802$1,302$928$654$136
29 years$2,342$1,700$1,212$851$590$115
30 years$2,239$1,605$1,129$781$533$97
31 years$2,143$1,517$1,052$717$482$82
32 years$2,054$1,436$982$659$436$69
33 years$1,970$1,360$917$606$395$58
34 years$1,891$1,289$857$558$357$49
35 years$1,817$1,222$801$513$324$41
36 years$1,747$1,160$749$473$293$35
37 years$1,681$1,102$701$436$266$29
38 years$1,619$1,047$657$402$241$25
39 years$1,560$996$615$370$218$21
40 years$1,504$947$577$342$198$18
41 years$1,451$902$541$315$180$15
42 years$1,400$859$507$291$163$13
43 years$1,353$818$476$268$148$11
44 years$1,307$780$447$248$134$9
45 years$1,264$744$419$229$122$8
46 years$1,222$710$394$211$111$6
47 years$1,183$677$370$195$101$5
48 years$1,145$646$348$180$91$5
49 years$1,109$617$327$167$83$4
50 years$1,074$590$307$154$75$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,100,000, adding $3,803 every year, while hoping to spend $26,337 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: 75/20/5 Blend
50$1,100,000$1,100,000$1,100,000$1,100,000
51$1,216,123$1,157,823$1,140,773$1,306,641
52$1,312,145$1,186,534$1,150,966$1,395,364
53$1,417,079$1,215,769$1,160,619$1,488,802
54$1,531,805$1,245,526$1,169,684$1,590,415
55$1,657,294$1,275,802$1,178,113$1,701,002
56$1,794,615$1,306,593$1,185,857$1,821,442
57$1,944,943$1,337,893$1,192,860$1,952,705
58$2,109,573$1,369,696$1,199,067$2,095,856
59$2,289,933$1,401,994$1,204,419$2,252,069
60$2,487,593$1,434,778$1,208,854$2,422,639
61$2,704,282$1,468,038$1,212,305$2,608,989
62$2,941,907$1,501,760$1,214,706$2,812,687
63$3,202,566$1,535,931$1,215,983$3,035,463
64$3,488,571$1,570,534$1,216,061$3,279,219
65$3,802,468$1,605,553$1,214,862$3,546,052
66$4,147,061$1,640,966$1,212,301$3,838,272
67$4,525,439$1,676,752$1,208,292$4,158,422
68$4,941,007$1,712,886$1,202,742$4,509,307
69$5,397,513$1,749,340$1,195,557$4,894,013
70$5,899,087$1,786,086$1,186,636$5,315,944
71$6,450,279$1,823,089$1,175,874$5,778,847
72$7,056,101$1,860,314$1,163,159$6,286,852
73$7,722,076$1,897,722$1,148,377$6,844,509
74$8,454,287$1,935,270$1,131,407$7,456,831
75$9,259,438$1,972,911$1,112,123$8,129,342
76$10,144,912$2,010,595$1,090,390$8,868,128
77$11,118,846$2,048,268$1,066,072$9,679,895
78$12,190,206$2,085,870$1,039,022$10,572,033
79$13,368,866$2,123,337$1,009,089$11,552,684
80$14,665,711$2,160,601$976,114$12,630,820
81$16,092,731$2,197,588$939,931$13,816,327
82$17,663,136$2,234,217$900,366$15,120,098
83$19,391,485$2,270,402$857,237$16,554,138
84$21,293,817$2,306,052$810,355$18,131,675
85$23,387,805$2,341,067$759,520$19,867,286
86$25,692,924$2,375,342$704,527$21,777,031
87$28,230,631$2,408,763$645,157$23,878,613
88$31,024,570$2,441,207$581,185$26,191,535
89$34,100,796$2,472,546$512,374$28,737,291
90$37,488,015$2,502,639$438,477$31,539,567
91$41,217,862$2,531,338$359,236$34,624,465
92$45,325,195$2,558,484$274,381$38,020,747
93$49,848,424$2,583,909$183,632$41,760,108
94$54,829,875$2,607,432$86,695$45,877,480
95$60,316,186$2,628,860$0$50,411,352
96$66,358,751$2,647,988$0$55,405,037
97$73,014,202$2,664,598$0$60,909,378
98$80,344,946$2,678,458$0$66,971,275
99$88,419,749$2,689,322$0$73,647,512
100$97,314,390$2,696,925$0$81,000,666