Can I retire at age 51 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$75,147$74,478$73,825$73,187$72,565$69,768
2 years$37,201$36,509$35,837$35,186$34,555$31,771
3 years$24,555$23,859$23,189$22,544$21,923$19,239
4 years$18,232$17,539$16,876$16,242$15,636$13,072
5 years$14,440$13,751$13,096$12,475$11,886$9,449
6 years$11,913$11,228$10,584$9,977$9,405$7,097
7 years$10,108$9,430$8,795$8,202$7,649$5,469
8 years$8,755$8,083$7,459$6,881$6,345$4,291
9 years$7,704$7,038$6,424$5,861$5,344$3,413
10 years$6,863$6,203$5,601$5,052$4,553$2,741
11 years$6,175$5,522$4,931$4,397$3,916$2,219
12 years$5,603$4,957$4,376$3,857$3,393$1,807
13 years$5,119$4,479$3,910$3,405$2,959$1,479
14 years$4,704$4,072$3,513$3,022$2,594$1,215
15 years$4,345$3,719$3,172$2,695$2,284$1,001
16 years$4,032$3,413$2,876$2,413$2,019$827
17 years$3,755$3,143$2,617$2,168$1,790$685
18 years$3,510$2,904$2,389$1,954$1,591$568
19 years$3,290$2,692$2,187$1,766$1,418$472
20 years$3,093$2,501$2,007$1,599$1,267$392
21 years$2,915$2,330$1,846$1,451$1,134$326
22 years$2,753$2,175$1,701$1,320$1,016$272
23 years$2,605$2,034$1,571$1,202$912$227
24 years$2,470$1,906$1,453$1,096$820$189
25 years$2,346$1,788$1,346$1,001$738$158
26 years$2,232$1,681$1,248$915$665$132
27 years$2,126$1,582$1,159$838$599$110
28 years$2,028$1,491$1,077$768$541$92
29 years$1,937$1,406$1,003$704$488$77
30 years$1,852$1,328$934$646$441$64
31 years$1,773$1,255$871$593$399$53
32 years$1,699$1,188$812$545$361$45
33 years$1,630$1,125$758$501$326$37
34 years$1,564$1,066$709$461$296$31
35 years$1,503$1,011$662$425$268$26
36 years$1,445$960$620$391$243$22
37 years$1,391$912$580$360$220$18
38 years$1,339$866$543$332$199$15
39 years$1,290$824$509$306$181$13
40 years$1,244$784$477$283$164$11
41 years$1,200$746$447$261$149$9
42 years$1,159$711$420$241$135$7
43 years$1,119$677$394$222$122$6
44 years$1,081$645$370$205$111$5
45 years$1,045$615$347$189$101$4
46 years$1,011$587$326$175$92$4
47 years$978$560$306$162$83$3
48 years$947$535$288$149$76$3
49 years$917$511$270$138$69$2
50 years$888$488$254$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $910,000, adding $5,324 every year, while hoping to spend $37,677 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: 33/39/28 Blend
50$910,000$910,000$910,000$910,000
51$1,008,312$960,082$945,977$1,032,867
52$1,071,071$967,038$937,579$1,058,939
53$1,138,970$973,072$927,637$1,083,301
54$1,212,492$978,099$916,059$1,108,825
55$1,292,169$982,029$902,751$1,135,640
56$1,378,587$984,765$887,610$1,163,891
57$1,472,391$986,206$870,532$1,193,740
58$1,574,287$986,244$851,408$1,225,369
59$1,685,057$984,761$830,122$1,258,980
60$1,805,555$981,638$806,554$1,294,800
61$1,936,727$976,743$780,579$1,333,083
62$2,079,608$969,938$752,063$1,374,111
63$2,235,342$961,079$720,871$1,418,201
64$2,405,184$950,009$686,857$1,465,705
65$2,590,517$936,564$649,872$1,517,014
66$2,792,865$920,571$609,758$1,572,566
67$3,013,903$901,845$566,350$1,632,848
68$3,255,477$880,190$519,478$1,698,400
69$3,519,616$855,400$468,962$1,769,826
70$3,808,558$827,257$414,613$1,847,794
71$4,124,766$795,527$356,238$1,933,050
72$4,470,950$759,966$293,630$2,026,419
73$4,850,098$720,314$226,577$2,128,820
74$5,265,496$676,298$154,855$2,241,272
75$5,720,766$627,626$78,233$2,364,906
76$6,219,897$573,993$0$2,500,976
77$6,767,281$515,073$0$2,651,932
78$7,367,757$450,525$0$2,843,270
79$8,026,652$379,985$0$3,053,383
80$8,749,838$303,071$0$3,284,247
81$9,543,779$219,379$0$3,538,049
82$10,415,598$128,482$0$3,817,203
83$11,373,141$29,930$0$4,124,376
84$12,425,050$0$0$4,462,518
85$13,580,848$0$0$4,867,823
86$14,851,023$0$0$5,327,498
87$16,247,130$0$0$5,832,900
88$17,781,902$0$0$6,388,656
89$19,469,364$0$0$6,999,864
90$21,324,969$0$0$7,672,142
91$23,365,742$0$0$8,411,678
92$25,610,441$0$0$9,225,292
93$28,079,733$0$0$10,120,497
94$30,796,390$0$0$11,105,570
95$33,785,500$0$0$12,189,633
96$37,074,707$0$0$13,382,737
97$40,694,470$0$0$14,695,955
98$44,678,351$0$0$16,141,489
99$49,063,329$0$0$17,732,783
100$53,890,150$0$0$19,484,653