Can I retire at age 51 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$95,792$94,938$94,106$93,293$92,500$91,231
2 years$47,422$46,538$45,683$44,853$44,048$42,771
3 years$31,300$30,413$29,560$28,738$27,946$26,702
4 years$23,241$22,357$21,512$20,704$19,931$18,729
5 years$18,407$17,528$16,694$15,902$15,151$13,995
6 years$15,185$14,313$13,491$12,717$11,989$10,879
7 years$12,885$12,020$11,211$10,456$9,750$8,688
8 years$11,161$10,303$9,508$8,771$8,089$7,073
9 years$9,820$8,971$8,189$7,471$6,812$5,843
10 years$8,748$7,908$7,140$6,440$5,804$4,881
11 years$7,872$7,040$6,286$5,605$4,992$4,114
12 years$7,142$6,318$5,578$4,916$4,326$3,492
13 years$6,525$5,710$4,984$4,340$3,772$2,981
14 years$5,997$5,190$4,478$3,853$3,307$2,558
15 years$5,539$4,741$4,043$3,436$2,911$2,203
16 years$5,139$4,350$3,666$3,077$2,573$1,904
17 years$4,787$4,006$3,336$2,764$2,281$1,650
18 years$4,474$3,702$3,045$2,491$2,029$1,433
19 years$4,194$3,431$2,788$2,251$1,808$1,248
20 years$3,942$3,188$2,558$2,039$1,615$1,088
21 years$3,715$2,970$2,353$1,850$1,445$950
22 years$3,509$2,772$2,169$1,682$1,295$831
23 years$3,321$2,593$2,002$1,532$1,163$728
24 years$3,149$2,429$1,852$1,397$1,045$638
25 years$2,991$2,280$1,715$1,276$941$560
26 years$2,845$2,143$1,591$1,167$847$491
27 years$2,710$2,016$1,477$1,068$764$431
28 years$2,585$1,900$1,373$979$689$379
29 years$2,469$1,792$1,278$897$622$334
30 years$2,361$1,693$1,190$824$562$293
31 years$2,260$1,600$1,110$756$508$258
32 years$2,166$1,514$1,035$695$460$227
33 years$2,077$1,434$967$639$416$200
34 years$1,994$1,359$903$588$377$176
35 years$1,916$1,289$844$541$341$155
36 years$1,842$1,223$790$499$309$137
37 years$1,773$1,162$739$459$280$121
38 years$1,707$1,104$692$423$254$106
39 years$1,645$1,050$649$390$230$94
40 years$1,586$999$608$360$209$83
41 years$1,530$951$570$332$190$73
42 years$1,477$906$535$307$172$64
43 years$1,426$863$502$283$156$57
44 years$1,378$823$471$261$142$50
45 years$1,332$784$442$241$129$44
46 years$1,289$748$415$223$117$39
47 years$1,247$714$390$206$106$34
48 years$1,207$682$367$190$96$30
49 years$1,169$651$345$176$87$27
50 years$1,133$622$324$163$79$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,160,000, adding $3,210 every year, while hoping to spend $25,009 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: 29/50/21 Blend
50$1,160,000$1,160,000$1,160,000$1,160,000
51$1,281,631$1,220,151$1,202,171$1,310,264
52$1,385,748$1,253,329$1,215,834$1,365,733
53$1,499,647$1,287,295$1,229,117$1,422,882
54$1,624,299$1,322,060$1,241,981$1,483,797
55$1,760,773$1,357,637$1,254,383$1,548,818
56$1,910,248$1,394,037$1,266,281$1,618,318
57$2,074,020$1,431,272$1,277,628$1,692,707
58$2,253,519$1,469,353$1,288,377$1,772,437
59$2,450,317$1,508,290$1,298,477$1,858,006
60$2,666,146$1,548,093$1,307,873$1,949,960
61$2,902,916$1,588,773$1,316,510$2,048,904
62$3,162,729$1,630,338$1,324,328$2,155,500
63$3,447,899$1,672,796$1,331,265$2,270,480
64$3,760,978$1,716,157$1,337,255$2,394,648
65$4,104,774$1,760,425$1,342,230$2,528,892
66$4,482,384$1,805,608$1,346,117$2,674,187
67$4,897,216$1,851,712$1,348,841$2,831,610
68$5,353,025$1,898,740$1,350,321$3,002,347
69$5,853,951$1,946,695$1,350,474$3,187,703
70$6,404,551$1,995,580$1,349,212$3,389,116
71$7,009,847$2,045,396$1,346,442$3,608,174
72$7,675,373$2,096,141$1,342,069$3,846,622
73$8,407,224$2,147,815$1,335,991$4,106,385
74$9,212,115$2,200,412$1,328,102$4,389,586
75$10,097,448$2,253,929$1,318,290$4,698,562
76$11,071,373$2,308,358$1,306,439$5,035,889
77$12,142,875$2,363,689$1,292,426$5,404,408
78$13,321,850$2,419,911$1,276,124$5,807,246
79$14,619,203$2,477,011$1,257,398$6,247,854
80$16,046,949$2,534,972$1,236,109$6,730,031
81$17,618,328$2,593,776$1,212,109$7,257,969
82$19,347,928$2,653,401$1,185,244$7,836,283
83$21,251,821$2,713,822$1,155,354$8,470,062
84$23,347,719$2,775,012$1,122,271$9,164,917
85$25,655,137$2,836,938$1,085,818$9,927,029
86$28,195,580$2,899,567$1,045,811$10,763,212
87$30,992,741$2,962,858$1,002,058$11,680,976
88$34,072,731$3,026,769$954,358$12,688,599
89$37,464,320$3,091,251$902,500$13,795,206
90$41,199,211$3,156,252$846,263$15,010,851
91$45,312,337$3,221,715$785,419$16,346,620
92$49,842,192$3,287,575$719,727$17,814,730
93$54,831,194$3,353,765$648,937$19,428,644
94$60,326,084$3,420,208$572,785$21,203,206
95$66,378,371$3,486,824$490,999$23,154,774
96$73,044,809$3,553,523$403,292$25,301,377
97$80,387,944$3,620,210$309,366$27,662,888
98$88,476,694$3,686,780$208,910$30,261,211
99$97,387,005$3,753,121$101,597$33,120,487
100$107,202,568$3,819,112$0$36,267,325