Can I retire at age 51 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$111,482$110,489$109,520$108,574$107,651$106,749
2 years$55,189$54,161$53,165$52,199$51,262$50,353
3 years$36,427$35,395$34,401$33,445$32,523$31,635
4 years$27,048$26,019$25,035$24,095$23,196$22,336
5 years$21,422$20,399$19,428$18,507$17,633$16,803
6 years$17,673$16,657$15,701$14,800$13,952$13,154
7 years$14,996$13,989$13,048$12,168$11,347$10,581
8 years$12,989$11,991$11,065$10,208$9,413$8,679
9 years$11,429$10,440$9,531$8,695$7,927$7,225
10 years$10,181$9,203$8,309$7,495$6,755$6,083
11 years$9,161$8,193$7,315$6,523$5,809$5,168
12 years$8,312$7,353$6,492$5,721$5,034$4,423
13 years$7,594$6,645$5,800$5,051$4,390$3,809
14 years$6,979$6,040$5,211$4,484$3,848$3,295
15 years$6,446$5,518$4,705$3,999$3,388$2,863
16 years$5,981$5,063$4,266$3,580$2,994$2,497
17 years$5,571$4,662$3,882$3,217$2,655$2,184
18 years$5,206$4,308$3,544$2,899$2,361$1,915
19 years$4,881$3,993$3,244$2,620$2,104$1,683
20 years$4,588$3,710$2,977$2,373$1,880$1,482
21 years$4,324$3,456$2,738$2,153$1,682$1,307
22 years$4,084$3,226$2,524$1,958$1,508$1,154
23 years$3,865$3,017$2,330$1,783$1,353$1,021
24 years$3,665$2,827$2,155$1,626$1,216$903
25 years$3,481$2,653$1,996$1,485$1,095$801
26 years$3,311$2,493$1,851$1,358$986$710
27 years$3,154$2,347$1,719$1,243$889$630
28 years$3,009$2,211$1,598$1,139$802$560
29 years$2,874$2,086$1,487$1,044$724$497
30 years$2,748$1,970$1,385$958$654$442
31 years$2,631$1,862$1,291$880$592$393
32 years$2,521$1,762$1,205$809$535$350
33 years$2,418$1,669$1,125$744$484$312
34 years$2,321$1,582$1,051$684$439$278
35 years$2,230$1,500$983$630$397$247
36 years$2,144$1,424$919$580$360$220
37 years$2,063$1,352$861$535$326$196
38 years$1,987$1,285$806$493$296$175
39 years$1,914$1,222$755$454$268$156
40 years$1,846$1,163$708$419$243$139
41 years$1,781$1,107$664$387$221$124
42 years$1,719$1,054$622$357$200$111
43 years$1,660$1,004$584$329$182$99
44 years$1,604$957$548$304$165$88
45 years$1,551$913$515$281$150$79
46 years$1,500$871$484$259$136$70
47 years$1,451$831$454$240$123$63
48 years$1,405$793$427$222$112$56
49 years$1,361$758$401$205$102$50
50 years$1,318$724$377$189$92$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,350,000, adding $4,564 every year, while hoping to spend $49,177 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: 28/48/24 Blend
50$1,350,000$1,350,000$1,350,000$1,350,000
51$1,492,408$1,420,858$1,399,933$1,522,884
52$1,592,309$1,438,156$1,394,507$1,564,502
53$1,700,753$1,454,653$1,387,250$1,604,570
54$1,818,557$1,470,259$1,378,051$1,646,598
55$1,946,624$1,484,876$1,366,790$1,690,786
56$2,085,945$1,498,400$1,353,342$1,737,358
57$2,237,611$1,510,721$1,337,579$1,786,562
58$2,402,822$1,521,721$1,319,362$1,838,675
59$2,582,899$1,531,274$1,298,550$1,894,007
60$2,779,296$1,539,248$1,274,993$1,952,902
61$2,993,613$1,545,500$1,248,534$2,015,744
62$3,227,612$1,549,880$1,219,010$2,082,960
63$3,483,231$1,552,227$1,186,250$2,155,025
64$3,762,604$1,552,370$1,150,073$2,232,467
65$4,068,083$1,550,129$1,110,294$2,315,874
66$4,402,254$1,545,312$1,066,715$2,405,899
67$4,767,966$1,537,714$1,019,132$2,503,268
68$5,168,356$1,527,120$967,330$2,608,787
69$5,606,878$1,513,299$911,086$2,723,350
70$6,087,338$1,496,008$850,165$2,847,952
71$6,613,924$1,474,990$784,323$2,983,693
72$7,191,250$1,449,971$713,304$3,131,799
73$7,824,399$1,420,661$636,841$3,293,623
74$8,518,968$1,386,753$554,656$3,470,671
75$9,281,122$1,347,924$466,456$3,664,609
76$10,117,652$1,303,827$371,938$3,877,283
77$11,036,039$1,254,101$270,784$4,110,741
78$12,044,522$1,198,359$162,663$4,367,248
79$13,152,179$1,136,195$47,228$4,649,315
80$14,369,009$1,067,176$0$4,959,721
81$15,706,028$990,848$0$5,320,993
82$17,175,371$906,728$0$5,731,257
83$18,790,409$814,307$0$6,182,271
84$20,565,869$713,047$0$6,678,311
85$22,517,980$602,378$0$7,224,095
86$24,664,619$481,700$0$7,824,836
87$27,025,484$350,377$0$8,486,292
88$29,622,278$207,740$0$9,214,821
89$32,478,910$53,080$0$10,017,442
90$35,621,727$0$0$10,901,909
91$39,079,755$0$0$11,937,179
92$42,884,977$0$0$13,107,498
93$47,072,632$0$0$14,395,701
94$51,681,551$0$0$15,813,764
95$56,754,516$0$0$17,374,886
96$62,338,668$0$0$19,093,607
97$68,485,953$0$0$20,985,953
98$75,253,606$0$0$23,069,578
99$82,704,696$0$0$25,363,940
100$90,908,716$0$0$27,890,477