Can I retire at age 51 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$108,179$107,215$106,275$105,357$104,461$102,185
2 years$53,554$52,556$51,590$50,653$49,743$47,462
3 years$35,348$34,346$33,382$32,454$31,559$29,343
4 years$26,247$25,248$24,294$23,381$22,508$20,375
5 years$20,787$19,795$18,853$17,959$17,110$15,066
6 years$17,149$16,164$15,236$14,362$13,539$11,585
7 years$14,551$13,574$12,661$11,808$11,011$9,148
8 years$12,604$11,636$10,738$9,905$9,135$7,363
9 years$11,090$10,131$9,248$8,437$7,693$6,010
10 years$9,880$8,930$8,063$7,273$6,554$4,960
11 years$8,890$7,950$7,098$6,329$5,637$4,128
12 years$8,066$7,135$6,300$5,552$4,885$3,459
13 years$7,369$6,448$5,628$4,901$4,260$2,914
14 years$6,772$5,861$5,057$4,351$3,734$2,467
15 years$6,255$5,354$4,566$3,880$3,288$2,095
16 years$5,804$4,913$4,140$3,474$2,906$1,786
17 years$5,406$4,524$3,767$3,122$2,576$1,526
18 years$5,052$4,181$3,439$2,813$2,291$1,306
19 years$4,736$3,875$3,148$2,542$2,042$1,120
20 years$4,452$3,600$2,889$2,302$1,824$963
21 years$4,196$3,354$2,657$2,089$1,632$828
22 years$3,963$3,131$2,449$1,900$1,463$713
23 years$3,750$2,928$2,261$1,730$1,313$615
24 years$3,556$2,743$2,091$1,578$1,180$530
25 years$3,377$2,574$1,937$1,441$1,062$458
26 years$3,213$2,420$1,797$1,318$957$396
27 years$3,061$2,277$1,668$1,206$863$342
28 years$2,920$2,146$1,551$1,105$778$296
29 years$2,789$2,024$1,443$1,013$703$256
30 years$2,667$1,912$1,344$930$635$221
31 years$2,553$1,807$1,253$854$574$192
32 years$2,446$1,710$1,169$785$519$166
33 years$2,346$1,619$1,092$722$470$144
34 years$2,252$1,535$1,020$664$426$125
35 years$2,164$1,456$954$611$385$108
36 years$2,081$1,382$892$563$349$94
37 years$2,002$1,312$835$519$317$81
38 years$1,928$1,247$782$478$287$70
39 years$1,858$1,186$733$441$260$61
40 years$1,791$1,128$687$407$236$53
41 years$1,728$1,074$644$375$214$46
42 years$1,668$1,023$604$346$194$40
43 years$1,611$975$567$320$176$34
44 years$1,556$929$532$295$160$30
45 years$1,505$886$500$273$145$26
46 years$1,455$845$469$252$132$22
47 years$1,408$806$441$233$120$19
48 years$1,363$770$414$215$109$17
49 years$1,320$735$389$199$99$15
50 years$1,279$702$366$184$90$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,310,000, adding $2,172 every year, while hoping to spend $24,300 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: 54/18/28 Blend
50$1,310,000$1,310,000$1,310,000$1,310,000
51$1,445,860$1,376,430$1,356,125$1,512,572
52$1,567,483$1,418,020$1,375,701$1,600,523
53$1,700,697$1,460,834$1,395,117$1,693,559
54$1,846,659$1,504,905$1,414,344$1,794,365
55$2,006,642$1,550,270$1,433,348$1,903,696
56$2,182,049$1,596,963$1,452,096$2,022,385
57$2,374,426$1,645,022$1,470,549$2,151,347
58$2,585,475$1,694,485$1,488,669$2,291,590
59$2,817,069$1,745,391$1,506,416$2,444,227
60$3,071,274$1,797,779$1,523,745$2,610,480
61$3,350,365$1,851,691$1,540,611$2,791,698
62$3,656,846$1,907,167$1,556,965$2,989,365
63$3,993,477$1,964,252$1,572,756$3,205,117
64$4,363,299$2,022,988$1,587,931$3,440,757
65$4,769,662$2,083,420$1,602,433$3,698,269
66$5,216,254$2,145,595$1,616,201$3,979,841
67$5,707,142$2,209,558$1,629,174$4,287,882
68$6,246,803$2,275,360$1,641,284$4,625,048
69$6,840,172$2,343,048$1,652,462$4,994,263
70$7,492,685$2,412,672$1,662,635$5,398,752
71$8,210,331$2,484,285$1,671,725$5,842,066
72$8,999,709$2,557,939$1,679,652$6,328,117
73$9,868,088$2,633,688$1,686,330$6,861,219
74$10,823,481$2,711,586$1,691,669$7,446,122
75$11,874,712$2,791,689$1,695,576$8,088,063
76$13,031,507$2,874,056$1,697,952$8,792,810
77$14,304,580$2,958,745$1,698,693$9,566,721
78$15,705,738$3,045,814$1,697,690$10,416,803
79$17,247,991$3,135,326$1,694,830$11,350,774
80$18,945,671$3,227,343$1,689,992$12,377,142
81$20,814,574$3,321,927$1,683,052$13,505,282
82$22,872,103$3,419,144$1,673,877$14,745,524
83$25,137,435$3,519,060$1,662,329$16,109,254
84$27,631,701$3,621,741$1,648,264$17,609,016
85$30,378,185$3,727,256$1,631,532$19,258,636
86$33,402,544$3,835,676$1,611,972$21,073,349
87$36,733,049$3,947,070$1,589,419$23,069,944
88$40,400,855$4,061,511$1,563,699$25,266,925
89$44,440,289$4,179,072$1,534,630$27,684,680
90$48,889,180$4,299,828$1,502,021$30,345,678
91$53,789,211$4,423,854$1,465,674$33,274,683
92$59,186,315$4,551,228$1,425,379$36,498,982
93$65,131,108$4,682,027$1,380,918$40,048,648
94$71,679,366$4,816,331$1,332,063$43,956,819
95$78,892,549$4,954,219$1,278,575$48,260,017
96$86,838,387$5,095,773$1,220,205$52,998,490
97$95,591,512$5,241,076$1,156,691$58,216,590
98$105,234,167$5,390,210$1,087,762$63,963,195
99$115,856,982$5,543,260$1,013,131$70,292,170
100$127,559,825$5,700,310$932,502$77,262,876