Can I retire at age 51 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$97,443$96,575$95,728$94,902$94,095$91,192
2 years$48,239$47,341$46,470$45,626$44,807$41,908
3 years$31,840$30,938$30,069$29,233$28,427$25,623
4 years$23,642$22,743$21,883$21,061$20,275$17,587
5 years$18,725$17,830$16,982$16,177$15,413$12,848
6 years$15,447$14,560$13,724$12,937$12,195$9,756
7 years$13,107$12,227$11,405$10,636$9,918$7,604
8 years$11,353$10,481$9,672$8,922$8,228$6,038
9 years$9,989$9,126$8,331$7,600$6,929$4,861
10 years$8,899$8,044$7,263$6,551$5,904$3,954
11 years$8,008$7,161$6,394$5,701$5,078$3,243
12 years$7,265$6,427$5,675$5,001$4,400$2,676
13 years$6,638$5,808$5,070$4,415$3,837$2,221
14 years$6,100$5,280$4,555$3,919$3,364$1,850
15 years$5,635$4,823$4,113$3,495$2,962$1,546
16 years$5,228$4,425$3,729$3,130$2,617$1,296
17 years$4,869$4,075$3,393$2,812$2,321$1,089
18 years$4,551$3,766$3,097$2,534$2,064$917
19 years$4,266$3,490$2,836$2,290$1,839$773
20 years$4,010$3,243$2,602$2,074$1,643$653
21 years$3,779$3,021$2,394$1,882$1,470$552
22 years$3,569$2,820$2,206$1,711$1,318$467
23 years$3,378$2,637$2,037$1,558$1,183$395
24 years$3,203$2,471$1,884$1,421$1,063$335
25 years$3,042$2,319$1,745$1,298$957$284
26 years$2,894$2,179$1,618$1,187$862$241
27 years$2,757$2,051$1,503$1,086$777$204
28 years$2,630$1,933$1,397$995$701$173
29 years$2,512$1,823$1,300$913$633$147
30 years$2,402$1,722$1,211$838$572$125
31 years$2,299$1,628$1,129$769$517$106
32 years$2,203$1,540$1,053$707$468$90
33 years$2,113$1,459$983$650$423$77
34 years$2,029$1,382$919$598$383$65
35 years$1,949$1,311$859$551$347$55
36 years$1,874$1,245$804$507$315$47
37 years$1,803$1,182$752$467$285$40
38 years$1,736$1,123$704$431$258$34
39 years$1,673$1,068$660$397$234$29
40 years$1,613$1,016$619$366$213$25
41 years$1,556$967$580$338$193$21
42 years$1,502$921$544$312$175$18
43 years$1,451$878$511$288$159$15
44 years$1,402$837$479$266$144$13
45 years$1,355$798$450$246$131$11
46 years$1,311$761$423$227$119$9
47 years$1,269$726$397$210$108$8
48 years$1,228$693$373$194$98$7
49 years$1,189$662$351$179$89$6
50 years$1,152$633$330$165$81$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,180,000, adding $3,158 every year, while hoping to spend $23,313 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: 31/49/20 Blend
50$1,180,000$1,180,000$1,180,000$1,180,000
51$1,303,617$1,241,077$1,222,787$1,335,815
52$1,411,782$1,277,085$1,238,946$1,396,364
53$1,530,197$1,314,076$1,254,864$1,459,170
54$1,659,885$1,352,074$1,270,510$1,526,289
55$1,801,970$1,391,102$1,285,849$1,598,111
56$1,957,690$1,431,185$1,300,844$1,675,064
57$2,128,408$1,472,347$1,315,456$1,757,618
58$2,315,628$1,514,614$1,329,646$1,846,292
59$2,521,003$1,558,011$1,343,370$1,941,654
60$2,746,355$1,602,564$1,356,583$2,044,331
61$2,993,692$1,648,298$1,369,237$2,155,012
62$3,265,224$1,695,240$1,381,282$2,274,456
63$3,563,387$1,743,417$1,392,665$2,403,497
64$3,890,864$1,792,856$1,403,331$2,543,055
65$4,250,610$1,843,584$1,413,220$2,694,140
66$4,645,880$1,895,627$1,422,271$2,857,867
67$5,080,262$1,949,015$1,430,419$3,035,462
68$5,557,707$2,003,775$1,437,596$3,228,275
69$6,082,567$2,059,934$1,443,730$3,437,792
70$6,659,640$2,117,522$1,448,746$3,665,651
71$7,294,208$2,176,565$1,452,564$3,913,656
72$7,992,094$2,237,094$1,455,101$4,183,792
73$8,759,711$2,299,135$1,456,271$4,478,247
74$9,604,127$2,362,717$1,455,981$4,799,432
75$10,533,127$2,427,870$1,454,135$5,150,001
76$11,555,290$2,494,620$1,450,634$5,532,878
77$12,680,070$2,562,996$1,445,370$5,951,286
78$13,917,880$2,633,026$1,438,233$6,408,774
79$15,280,197$2,704,738$1,429,107$6,909,252
80$16,779,665$2,778,158$1,417,870$7,457,029
81$18,430,217$2,853,314$1,404,395$8,056,852
82$20,247,205$2,930,232$1,388,547$8,713,951
83$22,247,544$3,008,937$1,370,188$9,434,091
84$24,449,874$3,089,456$1,349,170$10,223,622
85$26,874,733$3,171,812$1,325,340$11,089,540
86$29,544,755$3,256,029$1,298,537$12,039,556
87$32,484,875$3,342,130$1,268,593$13,082,167
88$35,722,574$3,430,136$1,235,333$14,226,735
89$39,288,132$3,520,068$1,198,572$15,483,578
90$43,214,916$3,611,945$1,158,118$16,864,063
91$47,539,692$3,705,786$1,113,770$18,380,719
92$52,302,976$3,801,605$1,065,317$20,047,353
93$57,549,414$3,899,418$1,012,540$21,879,177
94$63,328,202$3,999,237$955,207$23,892,957
95$69,693,552$4,101,073$893,080$26,107,170
96$76,705,202$4,204,933$825,906$28,542,176
97$84,428,983$4,310,825$753,424$31,220,411
98$92,937,434$4,418,750$675,358$34,166,604
99$102,310,493$4,528,710$591,424$37,408,002
100$112,636,247$4,640,701$501,321$40,974,636