Can I retire at age 51 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$96,618$95,757$94,917$94,098$93,297$91,005
2 years$47,830$46,940$46,076$45,239$44,427$42,132
3 years$31,570$30,676$29,814$28,985$28,187$25,960
4 years$23,442$22,550$21,697$20,882$20,103$17,962
5 years$18,566$17,679$16,838$16,040$15,282$13,233
6 years$15,316$14,436$13,608$12,827$12,092$10,137
7 years$12,996$12,124$11,308$10,546$9,834$7,973
8 years$11,257$10,392$9,590$8,847$8,158$6,391
9 years$9,905$9,048$8,260$7,535$6,870$5,195
10 years$8,824$7,976$7,201$6,496$5,854$4,268
11 years$7,940$7,100$6,340$5,653$5,035$3,537
12 years$7,204$6,373$5,626$4,958$4,363$2,950
13 years$6,581$5,759$5,027$4,378$3,805$2,474
14 years$6,048$5,235$4,517$3,886$3,335$2,084
15 years$5,587$4,782$4,078$3,466$2,936$1,762
16 years$5,184$4,388$3,697$3,103$2,595$1,494
17 years$4,828$4,041$3,364$2,788$2,301$1,270
18 years$4,512$3,734$3,071$2,513$2,046$1,082
19 years$4,230$3,461$2,812$2,270$1,824$923
20 years$3,976$3,216$2,580$2,056$1,629$789
21 years$3,747$2,995$2,373$1,866$1,458$675
22 years$3,539$2,796$2,187$1,697$1,307$578
23 years$3,350$2,615$2,020$1,545$1,173$496
24 years$3,176$2,450$1,868$1,409$1,054$425
25 years$3,016$2,299$1,730$1,287$949$365
26 years$2,869$2,161$1,605$1,177$855$314
27 years$2,734$2,034$1,490$1,077$770$270
28 years$2,608$1,916$1,385$987$695$232
29 years$2,491$1,808$1,289$905$628$199
30 years$2,382$1,707$1,201$831$567$172
31 years$2,280$1,614$1,119$763$513$148
32 years$2,185$1,527$1,044$701$464$127
33 years$2,095$1,446$975$645$420$109
34 years$2,011$1,371$911$593$380$94
35 years$1,933$1,300$852$546$344$81
36 years$1,858$1,234$797$503$312$70
37 years$1,788$1,172$746$463$283$60
38 years$1,722$1,114$698$427$256$52
39 years$1,659$1,059$654$394$232$45
40 years$1,600$1,008$613$363$211$39
41 years$1,543$959$575$335$191$33
42 years$1,490$914$539$309$174$29
43 years$1,439$870$506$286$157$25
44 years$1,390$830$475$264$143$21
45 years$1,344$791$446$243$130$18
46 years$1,300$755$419$225$118$16
47 years$1,258$720$394$208$107$14
48 years$1,218$688$370$192$97$12
49 years$1,179$657$348$177$88$10
50 years$1,142$627$327$164$80$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,170,000, adding $6,799 every year, while hoping to spend $30,885 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: 54/27/19 Blend
50$1,170,000$1,170,000$1,170,000$1,170,000
51$1,296,353$1,234,343$1,216,208$1,359,334
52$1,395,720$1,261,965$1,224,090$1,430,813
53$1,504,187$1,289,904$1,231,200$1,504,747
54$1,622,649$1,318,145$1,237,481$1,584,553
55$1,752,094$1,346,669$1,242,871$1,670,803
56$1,893,606$1,375,454$1,247,306$1,764,122
57$2,048,380$1,404,478$1,250,717$1,865,203
58$2,217,733$1,433,715$1,253,033$1,974,807
59$2,403,112$1,463,137$1,254,181$2,093,775
60$2,606,114$1,492,716$1,254,081$2,223,031
61$2,828,496$1,522,417$1,252,650$2,363,596
62$3,072,192$1,552,205$1,249,804$2,516,595
63$3,339,334$1,582,041$1,245,450$2,683,267
64$3,632,268$1,611,883$1,239,495$2,864,978
65$3,953,580$1,641,686$1,231,838$3,063,233
66$4,306,116$1,671,400$1,222,376$3,279,694
67$4,693,013$1,700,971$1,210,999$3,516,190
68$5,117,725$1,730,344$1,197,592$3,774,737
69$5,584,058$1,759,455$1,182,036$4,057,560
70$6,096,202$1,788,240$1,164,205$4,367,109
71$6,658,777$1,816,625$1,143,968$4,706,087
72$7,276,868$1,844,536$1,121,187$5,077,471
73$7,956,080$1,871,889$1,095,718$5,484,546
74$8,702,585$1,898,597$1,067,410$5,930,931
75$9,523,187$1,924,566$1,036,106$6,420,616
76$10,425,377$1,949,695$1,001,640$6,957,998
77$11,417,412$1,973,876$963,842$7,547,928
78$12,508,387$1,996,995$922,529$8,195,748
79$13,708,322$2,018,928$877,514$8,907,352
80$15,028,260$2,039,544$828,599$9,689,233
81$16,480,364$2,058,704$775,579$10,548,550
82$18,078,039$2,076,257$718,238$11,493,197
83$19,836,051$2,092,047$656,352$12,531,870
84$21,770,674$2,105,902$589,685$13,674,161
85$23,899,835$2,117,644$517,992$14,930,639
86$26,243,290$2,127,081$441,017$16,312,955
87$28,822,807$2,134,009$358,492$17,833,952
88$31,662,369$2,138,211$270,138$19,507,788
89$34,788,405$2,139,458$175,662$21,350,067
90$38,230,036$2,137,505$74,760$23,377,990
91$42,019,349$2,132,092$0$25,610,514
92$46,191,703$2,122,944$0$28,075,213
93$50,786,057$2,109,769$0$30,805,055
94$55,845,344$2,092,257$0$33,810,326
95$61,416,870$2,070,079$0$37,119,085
96$67,552,764$2,042,885$0$40,762,252
97$74,310,467$2,010,308$0$44,773,906
98$81,753,276$1,971,955$0$49,191,602
99$89,950,941$1,927,412$0$54,056,728
100$98,980,321$1,876,239$0$59,414,897