Can I retire at age 51 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$103,224$102,304$101,407$100,532$99,677$98,595
2 years$51,101$50,149$49,227$48,333$47,465$46,376
3 years$33,729$32,773$31,853$30,967$30,114$29,051
4 years$25,045$24,092$23,181$22,310$21,477$20,449
5 years$19,835$18,888$17,989$17,136$16,327$15,336
6 years$16,364$15,424$14,538$13,704$12,919$11,967
7 years$13,885$12,953$12,081$11,267$10,506$9,594
8 years$12,027$11,103$10,246$9,451$8,716$7,842
9 years$10,582$9,667$8,825$8,051$7,340$6,505
10 years$9,427$8,521$7,694$6,940$6,254$5,458
11 years$8,483$7,586$6,773$6,040$5,379$4,620
12 years$7,696$6,809$6,011$5,298$4,661$3,939
13 years$7,031$6,153$5,371$4,677$4,065$3,378
14 years$6,462$5,593$4,825$4,152$3,563$2,912
15 years$5,969$5,109$4,357$3,703$3,137$2,520
16 years$5,538$4,688$3,950$3,315$2,773$2,188
17 years$5,158$4,317$3,594$2,979$2,458$1,906
18 years$4,821$3,989$3,281$2,684$2,186$1,664
19 years$4,519$3,697$3,004$2,426$1,948$1,456
20 years$4,248$3,436$2,757$2,197$1,740$1,276
21 years$4,004$3,200$2,536$1,994$1,557$1,121
22 years$3,781$2,987$2,337$1,813$1,396$985
23 years$3,579$2,794$2,158$1,651$1,253$867
24 years$3,393$2,618$1,996$1,506$1,126$764
25 years$3,223$2,457$1,848$1,375$1,014$674
26 years$3,066$2,309$1,714$1,257$913$595
27 years$2,921$2,173$1,592$1,151$823$526
28 years$2,786$2,047$1,480$1,054$743$465
29 years$2,661$1,931$1,377$967$671$411
30 years$2,544$1,824$1,283$887$606$364
31 years$2,436$1,724$1,196$815$548$322
32 years$2,334$1,632$1,116$749$496$285
33 years$2,239$1,545$1,042$689$448$252
34 years$2,149$1,464$973$634$406$224
35 years$2,065$1,389$910$583$368$198
36 years$1,985$1,318$851$537$333$176
37 years$1,910$1,252$797$495$302$156
38 years$1,840$1,190$746$456$274$138
39 years$1,772$1,132$699$421$248$123
40 years$1,709$1,077$655$388$225$109
41 years$1,649$1,025$614$358$204$96
42 years$1,591$976$576$330$185$86
43 years$1,537$930$541$305$168$76
44 years$1,485$886$508$282$153$67
45 years$1,436$845$477$260$139$60
46 years$1,389$806$448$240$126$53
47 years$1,344$770$421$222$114$47
48 years$1,301$735$395$205$104$42
49 years$1,260$702$372$190$94$37
50 years$1,220$670$349$175$86$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,250,000, adding $2,715 every year, while hoping to spend $27,957 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: 33/37/30 Blend
50$1,250,000$1,250,000$1,250,000$1,250,000
51$1,380,301$1,314,051$1,294,676$1,413,223
52$1,491,345$1,348,693$1,308,301$1,473,289
53$1,612,779$1,384,096$1,321,446$1,535,324
54$1,745,633$1,420,267$1,334,065$1,601,649
55$1,891,041$1,457,214$1,346,110$1,672,665
56$2,050,253$1,494,942$1,357,530$1,748,811
57$2,224,643$1,533,459$1,368,271$1,830,575
58$2,415,727$1,572,768$1,378,278$1,918,493
59$2,625,172$1,612,876$1,387,492$2,013,153
60$2,854,817$1,653,784$1,395,851$2,115,207
61$3,106,685$1,695,496$1,403,288$2,225,371
62$3,383,005$1,738,013$1,409,736$2,344,436
63$3,686,231$1,781,336$1,415,122$2,473,271
64$4,019,069$1,825,463$1,419,371$2,612,837
65$4,384,497$1,870,394$1,422,403$2,764,191
66$4,785,796$1,916,123$1,424,134$2,928,500
67$5,226,581$1,962,647$1,424,476$3,107,049
68$5,710,834$2,009,959$1,423,338$3,301,255
69$6,242,942$2,058,050$1,420,623$3,512,680
70$6,827,737$2,106,909$1,416,229$3,743,046
71$7,470,545$2,156,526$1,410,050$3,994,253
72$8,177,229$2,206,884$1,401,976$4,268,392
73$8,954,253$2,257,968$1,391,888$4,567,772
74$9,808,736$2,309,758$1,379,666$4,894,936
75$10,748,522$2,362,231$1,365,180$5,252,688
76$11,782,254$2,415,364$1,348,297$5,644,121
77$12,919,455$2,469,128$1,328,875$6,072,644
78$14,170,616$2,523,491$1,306,769$6,542,013
79$15,547,296$2,578,420$1,281,823$7,056,371
80$17,062,233$2,633,875$1,253,877$7,620,286
81$18,729,461$2,689,815$1,222,762$8,238,793
82$20,564,443$2,746,192$1,188,301$8,917,442
83$22,584,217$2,802,957$1,150,310$9,662,353
84$24,807,557$2,860,052$1,108,596$10,480,271
85$27,255,150$2,917,416$1,062,956$11,378,633
86$29,949,790$2,974,985$1,013,180$12,365,638
87$32,916,594$3,032,684$959,046$13,450,323
88$36,183,237$3,090,436$900,325$14,642,651
89$39,780,216$3,148,157$836,775$15,953,605
90$43,741,135$3,205,753$768,144$17,395,291
91$48,103,023$3,263,127$694,169$18,981,056
92$52,906,683$3,320,172$614,575$20,725,612
93$58,197,076$3,376,772$529,075$22,645,176
94$64,023,748$3,432,804$437,369$24,757,624
95$70,441,293$3,488,134$339,144$27,082,662
96$77,509,872$3,542,620$234,072$29,642,012
97$85,295,779$3,596,108$121,813$32,459,616
98$93,872,065$3,648,434$2,010$35,561,866
99$103,319,229$3,699,421$0$38,977,854
100$113,725,980$3,748,881$0$42,779,926