Can I retire at age 51 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$99,095$98,212$97,351$96,510$95,690$95,087
2 years$49,057$48,143$47,258$46,399$45,567$44,958
3 years$32,380$31,462$30,579$29,728$28,909$28,315
4 years$24,043$23,128$22,254$21,418$20,618$20,042
5 years$19,042$18,133$17,270$16,451$15,674$15,117
6 years$15,709$14,807$13,956$13,156$12,402$11,866
7 years$13,329$12,435$11,598$10,816$10,086$9,571
8 years$11,546$10,659$9,836$9,073$8,367$7,873
9 years$10,159$9,280$8,472$7,729$7,047$6,573
10 years$9,050$8,180$7,386$6,662$6,004$5,551
11 years$8,143$7,282$6,502$5,798$5,164$4,731
12 years$7,388$6,536$5,771$5,086$4,475$4,062
13 years$6,750$5,907$5,156$4,490$3,902$3,508
14 years$6,204$5,369$4,632$3,986$3,421$3,046
15 years$5,730$4,905$4,182$3,554$3,012$2,655
16 years$5,316$4,500$3,792$3,183$2,662$2,323
17 years$4,952$4,144$3,451$2,860$2,360$2,039
18 years$4,628$3,830$3,150$2,577$2,098$1,794
19 years$4,339$3,549$2,884$2,329$1,870$1,582
20 years$4,078$3,298$2,646$2,109$1,671$1,398
21 years$3,843$3,072$2,434$1,914$1,495$1,238
22 years$3,630$2,868$2,244$1,740$1,340$1,097
23 years$3,435$2,682$2,071$1,585$1,203$974
24 years$3,257$2,513$1,916$1,446$1,081$866
25 years$3,094$2,358$1,774$1,320$973$770
26 years$2,943$2,216$1,646$1,207$876$686
27 years$2,804$2,086$1,528$1,105$790$611
28 years$2,675$1,966$1,421$1,012$713$545
29 years$2,555$1,854$1,322$928$644$486
30 years$2,443$1,751$1,231$852$582$434
31 years$2,338$1,655$1,148$782$526$388
32 years$2,241$1,566$1,071$719$476$346
33 years$2,149$1,483$1,000$661$431$310
34 years$2,063$1,406$934$608$390$277
35 years$1,982$1,333$874$560$353$248
36 years$1,906$1,266$817$516$320$222
37 years$1,834$1,202$765$475$290$198
38 years$1,766$1,142$716$438$263$178
39 years$1,702$1,086$671$404$238$159
40 years$1,641$1,034$629$373$216$142
41 years$1,583$984$590$344$196$128
42 years$1,528$937$553$317$178$114
43 years$1,476$893$519$293$162$102
44 years$1,426$851$487$270$147$92
45 years$1,378$811$458$250$133$82
46 years$1,333$774$430$231$121$74
47 years$1,290$739$404$213$110$66
48 years$1,249$705$379$197$100$59
49 years$1,209$673$357$182$91$53
50 years$1,172$643$335$168$82$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,200,000, adding $3,278 every year, while hoping to spend $51,189 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: 64/31/5 Blend
50$1,200,000$1,200,000$1,200,000$1,200,000
51$1,325,781$1,262,181$1,243,581$1,409,480
52$1,406,546$1,269,563$1,230,777$1,472,933
53$1,493,834$1,275,592$1,215,827$1,535,823
54$1,588,255$1,280,146$1,198,607$1,603,153
55$1,690,481$1,283,097$1,178,985$1,675,347
56$1,801,252$1,284,311$1,156,823$1,752,876
57$1,921,379$1,283,641$1,131,976$1,836,257
58$2,051,756$1,280,936$1,104,293$1,926,063
59$2,193,364$1,276,031$1,073,616$2,022,926
60$2,347,285$1,268,754$1,039,780$2,127,544
61$2,514,707$1,258,922$1,002,612$2,240,686
62$2,696,938$1,246,341$961,931$2,363,203
63$2,895,418$1,230,803$917,547$2,496,032
64$3,111,729$1,212,091$869,263$2,640,210
65$3,347,614$1,189,972$816,872$2,796,880
66$3,604,992$1,164,203$760,159$2,967,304
67$3,885,975$1,134,522$698,898$3,152,875
68$4,192,885$1,100,654$632,852$3,355,131
69$4,528,283$1,062,310$561,776$3,575,770
70$4,894,984$1,019,180$485,412$3,816,664
71$5,296,091$970,938$403,492$4,079,882
72$5,735,018$917,239$315,734$4,367,705
73$6,215,525$857,719$221,847$4,682,653
74$6,741,754$791,992$121,523$5,027,503
75$7,318,263$719,651$14,445$5,405,325
76$7,950,075$640,263$0$5,819,501
77$8,642,721$553,373$0$6,279,093
78$9,402,291$458,501$0$6,784,065
79$10,235,494$355,138$0$7,338,211
80$11,149,721$242,746$0$7,946,569
81$12,153,111$120,758$0$8,614,695
82$13,254,628$0$0$9,348,717
83$14,464,151$0$0$10,159,294
84$15,792,557$0$0$11,094,870
85$17,251,833$0$0$12,122,703
86$18,855,180$0$0$13,252,105
87$20,617,144$0$0$14,493,332
88$22,553,749$0$0$15,857,683
89$24,682,647$0$0$17,357,608
90$27,023,289$0$0$19,006,823
91$29,597,100$0$0$20,820,437
92$32,427,690$0$0$22,815,101
93$35,541,067$0$0$25,009,155
94$38,965,891$0$0$27,422,812
95$42,733,734$0$0$30,078,336
96$46,879,388$0$0$33,000,264
97$51,441,183$0$0$36,215,628
98$56,461,354$0$0$39,754,212
99$61,986,437$0$0$43,648,837
100$68,067,709$0$0$47,935,664