Can I retire at age 51 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$99,921$99,031$98,162$97,315$96,487$93,926
2 years$49,466$48,544$47,652$46,786$45,946$43,384
3 years$32,650$31,724$30,834$29,976$29,150$26,667
4 years$24,243$23,321$22,439$21,596$20,790$18,405
5 years$19,201$18,284$17,414$16,588$15,804$13,523
6 years$15,840$14,930$14,073$13,265$12,505$10,331
7 years$13,441$12,538$11,695$10,906$10,170$8,103
8 years$11,642$10,748$9,918$9,149$8,437$6,476
9 years$10,243$9,358$8,542$7,793$7,105$5,248
10 years$9,125$8,248$7,447$6,718$6,054$4,299
11 years$8,211$7,343$6,557$5,846$5,207$3,550
12 years$7,450$6,591$5,819$5,128$4,512$2,952
13 years$6,806$5,956$5,199$4,527$3,935$2,467
14 years$6,255$5,414$4,671$4,019$3,449$2,071
15 years$5,778$4,946$4,217$3,584$3,037$1,745
16 years$5,361$4,538$3,824$3,209$2,684$1,474
17 years$4,993$4,179$3,479$2,883$2,380$1,248
18 years$4,667$3,862$3,176$2,599$2,116$1,060
19 years$4,375$3,579$2,908$2,348$1,886$901
20 years$4,112$3,326$2,668$2,127$1,685$767
21 years$3,875$3,098$2,455$1,930$1,508$654
22 years$3,660$2,892$2,262$1,755$1,351$558
23 years$3,464$2,704$2,089$1,598$1,213$476
24 years$3,285$2,534$1,932$1,458$1,090$407
25 years$3,120$2,378$1,789$1,331$981$348
26 years$2,968$2,235$1,659$1,217$884$298
27 years$2,827$2,103$1,541$1,114$797$255
28 years$2,697$1,982$1,432$1,021$719$218
29 years$2,576$1,870$1,333$936$649$187
30 years$2,463$1,766$1,242$859$587$160
31 years$2,358$1,669$1,158$789$530$137
32 years$2,259$1,579$1,080$725$480$118
33 years$2,167$1,496$1,008$667$434$101
34 years$2,080$1,418$942$613$393$87
35 years$1,999$1,345$881$565$356$74
36 years$1,922$1,276$824$520$323$64
37 years$1,849$1,212$771$479$292$55
38 years$1,781$1,152$722$442$265$47
39 years$1,716$1,095$677$407$240$40
40 years$1,654$1,042$634$376$218$35
41 years$1,596$992$595$347$198$30
42 years$1,541$945$558$320$179$25
43 years$1,488$900$524$295$163$22
44 years$1,438$858$491$273$148$19
45 years$1,390$818$461$252$134$16
46 years$1,344$781$433$233$122$14
47 years$1,301$745$407$215$111$12
48 years$1,259$711$383$199$100$10
49 years$1,219$679$360$183$91$9
50 years$1,181$649$338$170$83$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,210,000, adding $5,495 every year, while hoping to spend $57,972 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: 72/7/21 Blend
50$1,210,000$1,210,000$1,210,000$1,210,000
51$1,339,088$1,274,958$1,256,203$1,428,271
52$1,413,993$1,275,749$1,236,604$1,489,159
53$1,494,596$1,274,636$1,214,406$1,548,376
54$1,581,416$1,271,465$1,189,459$1,611,783
55$1,675,024$1,266,070$1,161,610$1,679,789
56$1,776,048$1,258,279$1,130,695$1,752,842
57$1,885,176$1,247,906$1,096,545$1,831,440
58$2,003,167$1,234,757$1,058,982$1,916,131
59$2,130,853$1,218,622$1,017,821$2,007,520
60$2,269,148$1,199,283$972,866$2,106,275
61$2,419,060$1,176,506$923,916$2,213,133
62$2,581,693$1,150,045$870,756$2,328,908
63$2,758,266$1,119,637$813,167$2,454,499
64$2,950,117$1,085,007$750,915$2,590,896
65$3,158,717$1,045,860$683,759$2,739,195
66$3,385,687$1,001,888$611,446$2,900,602
67$3,632,808$952,761$533,710$3,076,451
68$3,902,041$898,134$450,277$3,268,212
69$4,195,545$837,638$360,857$3,477,508
70$4,515,695$770,886$265,149$3,706,130
71$4,865,104$697,468$162,840$3,956,055
72$5,246,650$616,950$53,601$4,229,462
73$5,663,502$528,874$0$4,528,757
74$6,119,145$432,755$0$4,870,705
75$6,617,420$328,082$0$5,257,859
76$7,162,554$214,315$0$5,681,508
77$7,759,202$90,883$0$6,145,304
78$8,412,488$0$0$6,653,269
79$9,128,059$0$0$7,213,131
80$9,912,128$0$0$7,834,316
81$10,771,542$0$0$8,515,253
82$11,713,841$0$0$9,261,924
83$12,747,327$0$0$10,080,916
84$13,881,147$0$0$10,979,484
85$15,125,375$0$0$11,965,622
86$16,491,107$0$0$13,048,131
87$17,990,567$0$0$14,236,711
88$19,637,218$0$0$15,542,042
89$21,445,894$0$0$16,975,892
90$23,432,934$0$0$18,551,224
91$25,616,338$0$0$20,282,320
92$28,015,936$0$0$22,184,912
93$30,653,576$0$0$24,276,333
94$33,553,325$0$0$26,575,678
95$36,741,700$0$0$29,103,987
96$40,247,917$0$0$31,884,436
97$44,104,163$0$0$34,942,565
98$48,345,901$0$0$38,306,509
99$53,012,205$0$0$42,007,270
100$58,146,124$0$0$46,079,003