Can I retire at age 51 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$109,004$108,033$107,086$106,161$105,259$102,589
2 years$53,963$52,958$51,984$51,039$50,123$47,451
3 years$35,618$34,608$33,637$32,701$31,800$29,209
4 years$26,447$25,441$24,479$23,559$22,680$20,190
5 years$20,946$19,946$18,997$18,096$17,241$14,859
6 years$17,280$16,287$15,352$14,471$13,642$11,370
7 years$14,662$13,678$12,758$11,898$11,095$8,933
8 years$12,700$11,725$10,820$9,981$9,204$7,152
9 years$11,175$10,208$9,319$8,501$7,751$5,806
10 years$9,955$8,998$8,124$7,328$6,604$4,765
11 years$8,958$8,011$7,153$6,378$5,680$3,943
12 years$8,127$7,190$6,348$5,594$4,922$3,284
13 years$7,425$6,498$5,671$4,939$4,292$2,751
14 years$6,824$5,906$5,096$4,384$3,763$2,314
15 years$6,303$5,395$4,601$3,910$3,313$1,953
16 years$5,848$4,950$4,171$3,501$2,928$1,654
17 years$5,447$4,559$3,796$3,146$2,596$1,404
18 years$5,091$4,213$3,465$2,835$2,308$1,194
19 years$4,772$3,904$3,172$2,561$2,057$1,017
20 years$4,486$3,628$2,911$2,320$1,838$868
21 years$4,228$3,379$2,678$2,105$1,645$742
22 years$3,993$3,154$2,468$1,914$1,474$634
23 years$3,779$2,950$2,279$1,743$1,323$543
24 years$3,583$2,764$2,107$1,590$1,189$465
25 years$3,403$2,594$1,952$1,452$1,070$399
26 years$3,237$2,438$1,810$1,328$964$342
27 years$3,084$2,294$1,681$1,215$869$294
28 years$2,942$2,162$1,563$1,114$784$252
29 years$2,810$2,040$1,454$1,021$708$216
30 years$2,687$1,926$1,355$937$640$186
31 years$2,572$1,821$1,263$861$579$160
32 years$2,465$1,723$1,178$791$523$137
33 years$2,364$1,632$1,100$727$474$118
34 years$2,269$1,546$1,028$669$429$101
35 years$2,180$1,467$961$616$388$87
36 years$2,096$1,392$899$567$352$75
37 years$2,017$1,322$841$523$319$65
38 years$1,943$1,257$788$482$289$55
39 years$1,872$1,195$738$444$262$48
40 years$1,805$1,137$692$410$238$41
41 years$1,741$1,082$649$378$216$35
42 years$1,681$1,031$609$349$196$30
43 years$1,623$982$571$322$178$26
44 years$1,568$936$536$297$161$22
45 years$1,516$893$503$275$146$19
46 years$1,466$852$473$254$133$17
47 years$1,419$813$444$234$121$14
48 years$1,374$776$417$217$110$12
49 years$1,330$741$392$200$100$11
50 years$1,289$708$369$185$90$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,320,000, adding $6,100 every year, while hoping to spend $55,013 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: 67/15/18 Blend
50$1,320,000$1,320,000$1,320,000$1,320,000
51$1,460,932$1,390,972$1,370,512$1,551,976
52$1,551,414$1,400,596$1,357,891$1,623,247
53$1,649,281$1,408,848$1,343,003$1,694,185
54$1,755,228$1,415,603$1,325,715$1,770,413
55$1,870,021$1,420,727$1,305,885$1,852,446
56$1,994,498$1,424,078$1,283,368$1,940,857
57$2,129,585$1,425,506$1,258,009$2,036,275
58$2,276,298$1,424,851$1,229,647$2,139,395
59$2,435,755$1,421,942$1,198,115$2,250,986
60$2,609,185$1,416,601$1,163,235$2,371,895
61$2,797,943$1,408,635$1,124,824$2,503,056
62$3,003,516$1,397,841$1,082,688$2,645,501
63$3,227,543$1,384,004$1,036,627$2,800,369
64$3,471,827$1,366,895$986,429$2,968,915
65$3,738,354$1,346,273$931,874$3,152,527
66$4,029,307$1,321,881$872,733$3,352,735
67$4,347,090$1,293,447$808,764$3,571,226
68$4,694,352$1,260,685$739,716$3,809,862
69$5,074,005$1,223,288$665,326$4,070,700
70$5,489,260$1,180,935$585,320$4,356,007
71$5,943,648$1,133,285$499,412$4,668,284
72$6,441,061$1,079,976$407,303$5,010,292
73$6,985,780$1,020,626$308,679$5,385,075
74$7,582,525$954,832$203,215$5,795,992
75$8,236,490$882,166$90,570$6,246,749
76$8,953,396$802,177$0$6,741,434
77$9,739,546$714,387$0$7,290,248
78$10,601,879$618,291$0$7,911,405
79$11,548,041$513,357$0$8,593,051
80$12,586,451$399,022$0$9,341,316
81$13,726,386$274,691$0$10,162,954
82$14,978,061$139,734$0$11,065,407
83$16,352,732$0$0$12,056,883
84$17,862,797$0$0$13,147,498
85$19,521,915$0$0$14,371,189
86$21,345,131$0$0$15,716,001
87$23,349,023$0$0$17,194,169
88$25,551,853$0$0$18,819,178
89$27,973,740$0$0$20,605,881
90$30,636,851$0$0$22,570,642
91$33,565,608$0$0$24,731,493
92$36,786,917$0$0$27,108,297
93$40,330,425$0$0$29,722,943
94$44,228,795$0$0$32,599,545
95$48,518,016$0$0$35,764,673
96$53,237,740$0$0$39,247,604
97$58,431,660$0$0$43,080,594
98$64,147,914$0$0$47,299,185
99$70,439,548$0$0$51,942,541
100$77,365,008$0$0$57,053,812