Can I retire at age 51 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$110,656$109,670$108,709$107,770$106,853$105,300
2 years$54,780$53,760$52,771$51,813$50,883$49,321
3 years$36,157$35,133$34,146$33,197$32,282$30,761
4 years$26,848$25,826$24,850$23,916$23,024$21,554
5 years$21,263$20,248$19,285$18,370$17,502$16,089
6 years$17,542$16,534$15,585$14,691$13,849$12,493
7 years$14,885$13,885$12,951$12,078$11,263$9,966
8 years$12,893$11,902$10,983$10,132$9,344$8,105
9 years$11,344$10,363$9,460$8,630$7,869$6,687
10 years$10,106$9,135$8,248$7,439$6,705$5,580
11 years$9,093$8,132$7,261$6,474$5,766$4,697
12 years$8,250$7,299$6,444$5,679$4,997$3,982
13 years$7,538$6,596$5,757$5,014$4,357$3,395
14 years$6,927$5,996$5,173$4,451$3,820$2,908
15 years$6,399$5,477$4,670$3,969$3,363$2,502
16 years$5,937$5,025$4,234$3,554$2,972$2,159
17 years$5,529$4,628$3,853$3,193$2,635$1,868
18 years$5,168$4,276$3,517$2,878$2,343$1,621
19 years$4,845$3,963$3,220$2,600$2,089$1,409
20 years$4,554$3,683$2,955$2,355$1,866$1,227
21 years$4,292$3,430$2,718$2,137$1,670$1,070
22 years$4,053$3,202$2,505$1,943$1,496$934
23 years$3,836$2,995$2,313$1,770$1,343$817
24 years$3,637$2,806$2,139$1,614$1,207$715
25 years$3,455$2,633$1,981$1,474$1,086$626
26 years$3,286$2,475$1,838$1,348$979$549
27 years$3,131$2,329$1,706$1,234$882$481
28 years$2,987$2,195$1,586$1,130$796$422
29 years$2,853$2,071$1,476$1,037$719$371
30 years$2,728$1,955$1,375$951$650$326
31 years$2,611$1,849$1,282$874$587$286
32 years$2,502$1,749$1,196$803$531$251
33 years$2,400$1,656$1,117$738$481$221
34 years$2,304$1,570$1,043$679$435$194
35 years$2,213$1,489$976$625$394$171
36 years$2,128$1,413$913$576$357$150
37 years$2,048$1,342$854$531$324$132
38 years$1,972$1,276$800$489$294$117
39 years$1,900$1,213$749$451$266$103
40 years$1,832$1,154$702$416$241$90
41 years$1,767$1,099$659$384$219$79
42 years$1,706$1,046$618$354$199$70
43 years$1,648$997$580$327$180$62
44 years$1,592$950$544$302$164$54
45 years$1,539$906$511$279$149$48
46 years$1,489$864$480$258$135$42
47 years$1,441$825$451$238$123$37
48 years$1,394$788$424$220$111$33
49 years$1,350$752$398$203$101$29
50 years$1,308$718$374$188$92$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,340,000, adding $3,425 every year, while hoping to spend $34,780 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: 40/38/22 Blend
50$1,340,000$1,340,000$1,340,000$1,340,000
51$1,480,213$1,409,193$1,388,423$1,529,660
52$1,594,189$1,441,238$1,397,929$1,597,543
53$1,718,625$1,473,687$1,406,589$1,667,377
54$1,854,551$1,506,524$1,414,336$1,742,224
55$2,003,101$1,539,730$1,421,102$1,822,563
56$2,165,524$1,573,283$1,426,816$1,908,918
57$2,343,195$1,607,161$1,431,401$2,001,870
58$2,537,626$1,641,338$1,434,779$2,102,058
59$2,750,486$1,675,785$1,436,865$2,210,187
60$2,983,609$1,710,472$1,437,574$2,327,032
61$3,239,016$1,745,364$1,436,812$2,453,451
62$3,518,934$1,780,426$1,434,484$2,590,388
63$3,825,815$1,815,615$1,430,488$2,738,886
64$4,162,357$1,850,890$1,424,719$2,900,093
65$4,531,536$1,886,202$1,417,065$3,075,276
66$4,936,626$1,921,499$1,407,410$3,265,831
67$5,381,236$1,956,727$1,395,632$3,473,300
68$5,869,340$1,991,824$1,381,604$3,699,381
69$6,405,316$2,026,727$1,365,191$3,945,948
70$6,993,986$2,061,365$1,346,253$4,215,067
71$7,640,664$2,095,663$1,324,644$4,509,017
72$8,351,201$2,129,540$1,300,209$4,830,311
73$9,132,046$2,162,910$1,272,788$5,181,719
74$9,990,301$2,195,679$1,242,213$5,566,298
75$10,933,792$2,227,747$1,208,308$5,987,417
76$11,971,141$2,259,008$1,170,887$6,448,792
77$13,111,845$2,289,347$1,129,760$6,954,521
78$14,366,369$2,318,642$1,084,723$7,509,122
79$15,746,245$2,346,761$1,035,567$8,117,577
80$17,264,174$2,373,565$982,071$8,785,382
81$18,934,155$2,398,904$924,005$9,518,593
82$20,771,608$2,422,620$861,129$10,323,891
83$22,793,525$2,444,542$793,190$11,208,641
84$25,018,630$2,464,489$719,927$12,180,964
85$27,467,550$2,482,269$641,064$13,249,815
86$30,163,016$2,497,677$556,316$14,425,066
87$33,130,074$2,510,493$465,383$15,717,602
88$36,396,320$2,520,486$367,952$17,139,424
89$39,992,163$2,527,408$263,697$18,703,764
90$43,951,110$2,530,997$152,277$20,425,210
91$48,310,082$2,530,974$33,336$22,319,845
92$53,109,761$2,527,043$0$24,405,400
93$58,394,977$2,518,888$0$26,723,392
94$64,215,128$2,506,177$0$29,283,180
95$70,624,646$2,488,555$0$32,100,782
96$77,683,511$2,465,645$0$35,202,487
97$85,457,818$2,437,050$0$38,617,271
98$94,020,397$2,402,348$0$42,377,067
99$103,451,505$2,361,091$0$46,517,074
100$113,839,579$2,312,804$0$51,076,084