Can I retire at age 51 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$105,701$104,760$103,841$102,944$102,069$99,120
2 years$52,327$51,353$50,408$49,493$48,604$45,656
3 years$34,538$33,560$32,618$31,710$30,837$27,982
4 years$25,646$24,670$23,737$22,846$21,993$19,254
5 years$20,311$19,341$18,421$17,548$16,719$14,103
6 years$16,756$15,794$14,887$14,033$13,229$10,739
7 years$14,218$13,264$12,371$11,537$10,759$8,394
8 years$12,315$11,369$10,492$9,678$8,925$6,685
9 years$10,836$9,899$9,036$8,244$7,516$5,398
10 years$9,653$8,726$7,878$7,106$6,404$4,405
11 years$8,686$7,768$6,936$6,185$5,508$3,624
12 years$7,881$6,972$6,155$5,425$4,773$3,001
13 years$7,200$6,301$5,499$4,789$4,162$2,498
14 years$6,617$5,727$4,941$4,251$3,649$2,088
15 years$6,112$5,232$4,461$3,791$3,212$1,752
16 years$5,671$4,800$4,045$3,395$2,839$1,474
17 years$5,282$4,421$3,681$3,050$2,517$1,243
18 years$4,936$4,085$3,360$2,749$2,238$1,050
19 years$4,628$3,786$3,076$2,484$1,995$889
20 years$4,350$3,518$2,823$2,250$1,782$753
21 years$4,100$3,277$2,596$2,042$1,595$639
22 years$3,872$3,059$2,393$1,856$1,429$543
23 years$3,664$2,861$2,210$1,691$1,283$461
24 years$3,475$2,680$2,043$1,542$1,153$392
25 years$3,300$2,515$1,893$1,408$1,038$334
26 years$3,139$2,364$1,755$1,288$935$284
27 years$2,991$2,225$1,630$1,179$843$242
28 years$2,853$2,097$1,515$1,080$761$206
29 years$2,725$1,978$1,410$990$687$176
30 years$2,606$1,868$1,313$909$621$150
31 years$2,494$1,766$1,225$835$561$128
32 years$2,390$1,671$1,142$767$507$109
33 years$2,292$1,582$1,067$705$459$93
34 years$2,201$1,500$997$649$416$79
35 years$2,114$1,422$932$597$377$68
36 years$2,033$1,350$872$550$341$58
37 years$1,956$1,282$816$507$309$49
38 years$1,884$1,219$764$467$280$42
39 years$1,815$1,159$716$431$254$36
40 years$1,750$1,102$671$397$231$31
41 years$1,688$1,049$629$367$209$26
42 years$1,630$999$590$338$190$22
43 years$1,574$952$554$312$172$19
44 years$1,521$908$520$288$156$16
45 years$1,470$866$488$266$142$14
46 years$1,422$826$458$246$129$12
47 years$1,376$788$431$227$117$10
48 years$1,332$752$405$210$106$9
49 years$1,290$718$380$194$97$7
50 years$1,250$686$358$179$88$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,280,000, adding $5,286 every year, while hoping to spend $57,646 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: 35/44/21 Blend
50$1,280,000$1,280,000$1,280,000$1,280,000
51$1,416,013$1,348,173$1,328,333$1,456,363
52$1,499,111$1,352,898$1,311,497$1,491,235
53$1,588,753$1,355,923$1,292,165$1,523,135
54$1,685,546$1,357,104$1,270,193$1,556,372
55$1,790,156$1,356,286$1,245,429$1,591,100
56$1,903,316$1,353,308$1,217,714$1,627,493
57$2,025,831$1,347,997$1,186,885$1,665,745
58$2,158,587$1,340,169$1,152,766$1,706,076
59$2,302,556$1,329,631$1,115,177$1,748,733
60$2,458,810$1,316,176$1,073,928$1,793,991
61$2,628,525$1,299,586$1,028,822$1,842,163
62$2,812,998$1,279,628$979,650$1,893,594
63$3,013,652$1,256,058$926,196$1,948,675
64$3,232,055$1,228,615$868,235$2,007,842
65$3,469,932$1,197,025$805,528$2,071,581
66$3,729,180$1,160,995$737,829$2,140,436
67$4,011,890$1,120,217$664,880$2,215,015
68$4,320,360$1,074,365$586,410$2,295,995
69$4,657,120$1,023,092$502,138$2,384,132
70$5,024,956$966,034$411,770$2,480,268
71$5,426,936$902,803$314,998$2,585,341
72$5,866,434$832,991$211,501$2,700,395
73$6,347,168$756,166$100,945$2,826,591
74$6,873,232$671,870$0$2,965,222
75$7,449,132$579,622$0$3,121,542
76$8,079,831$478,911$0$3,317,716
77$8,770,793$369,198$0$3,532,960
78$9,528,039$249,913$0$3,769,332
79$10,358,197$120,457$0$4,029,111
80$11,268,567$0$0$4,314,819
81$12,267,191$0$0$4,638,837
82$13,362,925$0$0$5,058,545
83$14,565,525$0$0$5,519,378
84$15,885,737$0$0$6,025,480
85$17,335,399$0$0$6,581,412
86$18,927,549$0$0$7,192,202
87$20,676,553$0$0$7,863,386
88$22,598,234$0$0$8,601,064
89$24,710,026$0$0$9,411,957
90$27,031,135$0$0$10,303,470
91$29,582,718$0$0$11,283,759
92$32,388,086$0$0$12,361,811
93$35,472,922$0$0$13,547,528
94$38,865,520$0$0$14,851,821
95$42,597,056$0$0$16,286,708
96$46,701,877$0$0$17,865,434
97$51,217,827$0$0$19,602,590
98$56,186,604$0$0$21,514,255
99$61,654,149$0$0$23,618,144
100$67,671,084$0$0$25,933,777