Can I retire at age 51 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$104,050$103,123$102,219$101,336$100,474$97,649
2 years$51,510$50,550$49,621$48,719$47,845$45,020
3 years$33,999$33,035$32,108$31,215$30,355$27,619
4 years$25,245$24,284$23,366$22,489$21,649$19,024
5 years$19,994$19,039$18,133$17,273$16,457$13,949
6 years$16,495$15,547$14,654$13,814$13,022$10,633
7 years$13,996$13,056$12,178$11,357$10,591$8,321
8 years$12,123$11,192$10,328$9,527$8,786$6,634
9 years$10,667$9,744$8,895$8,115$7,399$5,363
10 years$9,502$8,589$7,755$6,995$6,304$4,382
11 years$8,551$7,646$6,827$6,088$5,422$3,610
12 years$7,758$6,863$6,059$5,340$4,699$2,993
13 years$7,088$6,202$5,414$4,714$4,097$2,495
14 years$6,514$5,638$4,864$4,185$3,592$2,089
15 years$6,017$5,150$4,392$3,732$3,162$1,755
16 years$5,582$4,725$3,982$3,342$2,795$1,478
17 years$5,199$4,352$3,623$3,003$2,478$1,248
18 years$4,859$4,021$3,307$2,706$2,203$1,056
19 years$4,555$3,727$3,028$2,445$1,964$895
20 years$4,282$3,463$2,779$2,214$1,754$760
21 years$4,036$3,226$2,556$2,010$1,570$646
22 years$3,811$3,011$2,356$1,827$1,407$549
23 years$3,607$2,816$2,175$1,664$1,263$468
24 years$3,420$2,639$2,012$1,518$1,135$398
25 years$3,248$2,476$1,863$1,386$1,022$340
26 years$3,090$2,327$1,728$1,267$920$290
27 years$2,944$2,190$1,605$1,160$830$247
28 years$2,808$2,064$1,492$1,063$749$211
29 years$2,682$1,947$1,388$975$676$180
30 years$2,565$1,839$1,293$895$611$154
31 years$2,455$1,738$1,205$822$552$131
32 years$2,353$1,645$1,125$755$500$112
33 years$2,256$1,558$1,050$694$452$96
34 years$2,166$1,476$981$639$409$82
35 years$2,081$1,400$917$588$371$70
36 years$2,001$1,329$858$542$336$60
37 years$1,926$1,262$803$499$304$51
38 years$1,854$1,200$752$460$276$44
39 years$1,787$1,141$705$424$250$37
40 years$1,723$1,085$660$391$227$32
41 years$1,662$1,033$619$361$206$27
42 years$1,604$984$581$333$187$23
43 years$1,549$937$545$307$170$20
44 years$1,497$894$512$284$154$17
45 years$1,447$852$480$262$140$15
46 years$1,400$813$451$242$127$13
47 years$1,355$776$424$224$115$11
48 years$1,311$740$398$207$105$9
49 years$1,270$707$374$191$95$8
50 years$1,230$675$352$177$86$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,260,000, adding $6,166 every year, while hoping to spend $30,053 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: 56/29/15 Blend
50$1,260,000$1,260,000$1,260,000$1,260,000
51$1,394,880$1,328,100$1,308,570$1,467,205
52$1,505,182$1,361,201$1,320,431$1,550,110
53$1,625,727$1,394,916$1,331,682$1,636,579
54$1,757,529$1,429,245$1,342,271$1,730,080
55$1,901,703$1,464,184$1,352,143$1,831,294
56$2,059,477$1,499,729$1,361,240$1,940,967
57$2,232,204$1,535,876$1,369,502$2,059,924
58$2,421,372$1,572,618$1,376,864$2,189,073
59$2,628,623$1,609,947$1,383,260$2,329,411
60$2,855,762$1,647,854$1,388,618$2,482,041
61$3,104,778$1,686,327$1,392,866$2,648,175
62$3,377,862$1,725,354$1,395,923$2,829,148
63$3,677,427$1,764,919$1,397,710$3,026,434
64$4,006,131$1,805,007$1,398,140$3,241,654
65$4,366,901$1,845,597$1,397,123$3,476,594
66$4,762,963$1,886,669$1,394,564$3,733,225
67$5,197,868$1,928,199$1,390,365$4,013,715
68$5,675,529$1,970,159$1,384,421$4,320,455
69$6,200,258$2,012,522$1,376,623$4,656,080
70$6,776,802$2,055,253$1,366,858$5,023,493
71$7,410,394$2,098,318$1,355,005$5,425,893
72$8,106,796$2,141,678$1,340,940$5,866,805
73$8,872,358$2,185,289$1,324,530$6,350,115
74$9,714,075$2,229,105$1,305,639$6,880,103
75$10,639,655$2,273,076$1,284,122$7,461,490
76$11,657,589$2,317,145$1,259,829$8,099,475
77$12,777,231$2,361,253$1,232,602$8,799,788
78$14,008,890$2,405,336$1,202,275$9,568,745
79$15,363,923$2,449,323$1,168,677$10,413,307
80$16,854,841$2,493,138$1,131,626$11,341,146
81$18,495,433$2,536,700$1,090,933$12,360,714
82$20,300,889$2,579,920$1,046,402$13,481,331
83$22,287,947$2,622,704$997,824$14,713,264
84$24,475,052$2,664,950$944,985$16,067,831
85$26,882,523$2,706,549$887,658$17,557,505
86$29,532,754$2,747,383$825,608$19,196,033
87$32,450,416$2,787,327$758,587$20,998,563
88$35,662,698$2,826,245$686,340$22,981,793
89$39,199,557$2,863,995$608,595$25,164,126
90$43,094,002$2,900,420$525,073$27,565,841
91$47,382,407$2,935,358$435,480$30,209,290
92$52,104,853$2,968,631$339,509$33,119,108
93$57,305,506$3,000,052$236,841$36,322,444
94$63,033,033$3,029,420$127,141$39,849,217
95$69,341,063$3,056,522$10,060$43,732,406
96$76,288,689$3,081,130$0$48,008,352
97$83,941,031$3,103,000$0$52,735,496
98$92,369,845$3,121,876$0$57,942,508
99$101,654,203$3,137,481$0$63,676,488
100$111,881,238$3,149,525$0$69,991,119