Can I retire at age 51 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$106,527$105,578$104,652$103,749$102,866$101,581
2 years$52,736$51,754$50,802$49,879$48,984$47,691
3 years$34,808$33,822$32,872$31,958$31,077$29,816
4 years$25,846$24,863$23,923$23,024$22,165$20,945
5 years$20,470$19,493$18,565$17,685$16,849$15,675
6 years$16,887$15,917$15,003$14,143$13,332$12,205
7 years$14,329$13,367$12,468$11,627$10,843$9,763
8 years$12,411$11,458$10,574$9,754$8,995$7,963
9 years$10,921$9,976$9,107$8,308$7,575$6,589
10 years$9,729$8,794$7,940$7,162$6,454$5,515
11 years$8,754$7,829$6,990$6,233$5,551$4,657
12 years$7,943$7,026$6,203$5,467$4,810$3,960
13 years$7,256$6,350$5,542$4,827$4,195$3,388
14 years$6,669$5,772$4,980$4,284$3,677$2,912
15 years$6,160$5,273$4,496$3,821$3,238$2,513
16 years$5,715$4,838$4,076$3,421$2,861$2,176
17 years$5,323$4,455$3,709$3,074$2,537$1,890
18 years$4,975$4,117$3,386$2,770$2,256$1,646
19 years$4,664$3,815$3,100$2,503$2,011$1,436
20 years$4,384$3,545$2,845$2,267$1,796$1,255
21 years$4,132$3,302$2,617$2,058$1,607$1,099
22 years$3,902$3,083$2,412$1,871$1,441$963
23 years$3,693$2,883$2,227$1,704$1,293$845
24 years$3,502$2,701$2,059$1,554$1,162$742
25 years$3,326$2,535$1,907$1,419$1,046$653
26 years$3,164$2,383$1,769$1,298$942$574
27 years$3,014$2,242$1,643$1,188$849$506
28 years$2,875$2,113$1,527$1,088$766$446
29 years$2,746$1,993$1,421$998$692$393
30 years$2,626$1,882$1,324$916$625$346
31 years$2,514$1,780$1,234$841$565$306
32 years$2,409$1,684$1,151$773$511$270
33 years$2,310$1,595$1,075$711$463$238
34 years$2,218$1,511$1,004$654$419$210
35 years$2,131$1,433$939$602$380$186
36 years$2,049$1,361$879$555$344$164
37 years$1,971$1,292$822$511$312$145
38 years$1,898$1,228$770$471$283$128
39 years$1,829$1,168$721$434$256$113
40 years$1,764$1,111$676$400$232$100
41 years$1,701$1,058$634$370$211$89
42 years$1,642$1,007$595$341$191$78
43 years$1,586$960$558$315$174$69
44 years$1,533$915$524$291$158$61
45 years$1,482$872$492$268$143$54
46 years$1,433$832$462$248$130$48
47 years$1,387$794$434$229$118$42
48 years$1,342$758$408$212$107$38
49 years$1,300$724$383$196$97$33
50 years$1,259$692$360$181$88$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,290,000, adding $5,715 every year, while hoping to spend $23,799 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: 52/19/29 Blend
50$1,290,000$1,290,000$1,290,000$1,290,000
51$1,427,475$1,359,105$1,339,110$1,489,810
52$1,547,756$1,400,379$1,358,648$1,575,067
53$1,679,507$1,442,878$1,378,043$1,664,907
54$1,823,874$1,486,637$1,397,265$1,762,178
55$1,982,118$1,531,691$1,416,283$1,867,598
56$2,155,628$1,578,077$1,435,062$1,981,963
57$2,345,933$1,625,834$1,453,567$2,106,145
58$2,554,717$1,674,999$1,471,761$2,241,106
59$2,783,836$1,725,612$1,489,603$2,387,905
60$3,035,335$1,777,714$1,507,052$2,547,709
61$3,311,464$1,831,347$1,524,063$2,721,804
62$3,614,704$1,886,554$1,540,590$2,911,605
63$3,947,787$1,943,378$1,556,582$3,118,672
64$4,313,722$2,001,864$1,571,989$3,344,723
65$4,715,825$2,062,059$1,586,754$3,591,651
66$5,157,749$2,124,010$1,600,820$3,861,540
67$5,643,519$2,187,765$1,614,126$4,156,689
68$6,177,566$2,253,374$1,626,608$4,479,629
69$6,764,776$2,320,888$1,638,198$4,833,148
70$7,410,530$2,390,358$1,648,824$5,220,319
71$8,120,757$2,461,839$1,658,413$5,644,529
72$8,901,989$2,535,384$1,666,885$6,109,507
73$9,761,424$2,611,050$1,674,157$6,619,365
74$10,706,991$2,688,893$1,680,144$7,178,632
75$11,747,428$2,768,973$1,684,753$7,792,300
76$12,892,362$2,851,349$1,687,888$8,465,868
77$14,152,400$2,936,082$1,689,449$9,205,398
78$15,539,230$3,023,235$1,689,331$10,017,566
79$17,065,730$3,112,872$1,687,422$10,909,734
80$18,746,091$3,205,059$1,683,606$11,890,011
81$20,595,947$3,299,862$1,677,762$12,967,333
82$22,632,528$3,397,349$1,669,761$14,151,549
83$24,874,817$3,497,591$1,659,470$15,453,511
84$27,343,734$3,600,658$1,646,748$16,885,179
85$30,062,329$3,706,624$1,631,448$18,459,731
86$33,056,000$3,815,563$1,613,415$20,191,693
87$36,352,736$3,927,550$1,592,489$22,097,068
88$39,983,378$4,042,662$1,568,500$24,193,494
89$43,981,909$4,160,979$1,541,271$26,500,409
90$48,385,777$4,282,581$1,510,617$29,039,232
91$53,236,248$4,407,549$1,476,344$31,833,568
92$58,578,794$4,535,967$1,438,250$34,909,430
93$64,463,520$4,667,919$1,396,121$38,295,485
94$70,945,645$4,803,492$1,349,737$42,023,326
95$78,086,012$4,942,774$1,298,864$46,127,766
96$85,951,669$5,085,854$1,243,260$50,647,172
97$94,616,501$5,232,823$1,182,671$55,623,826
98$104,161,925$5,383,773$1,116,832$61,104,321
99$114,677,661$5,538,797$1,045,465$67,140,006
100$126,262,576$5,697,991$968,281$73,787,468