Can I retire at age 51 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$75,230$74,559$73,906$73,268$72,644$71,382
2 years$37,242$36,549$35,877$35,225$34,593$33,325
3 years$24,582$23,885$23,214$22,569$21,947$20,714
4 years$18,252$17,558$16,894$16,260$15,653$14,463
5 years$14,456$13,766$13,111$12,489$11,899$10,756
6 years$11,926$11,241$10,595$9,987$9,415$8,321
7 years$10,119$9,440$8,805$8,211$7,657$6,611
8 years$8,765$8,092$7,467$6,888$6,352$5,355
9 years$7,712$7,045$6,431$5,867$5,350$4,400
10 years$6,870$6,210$5,607$5,058$4,558$3,656
11 years$6,182$5,529$4,936$4,402$3,920$3,064
12 years$5,609$4,962$4,381$3,861$3,397$2,586
13 years$5,125$4,484$3,914$3,409$2,962$2,194
14 years$4,710$4,076$3,517$3,026$2,597$1,871
15 years$4,350$3,724$3,175$2,698$2,286$1,602
16 years$4,036$3,416$2,879$2,416$2,021$1,376
17 years$3,759$3,146$2,620$2,171$1,792$1,185
18 years$3,513$2,907$2,391$1,956$1,593$1,022
19 years$3,294$2,694$2,189$1,768$1,420$884
20 years$3,096$2,504$2,009$1,601$1,268$766
21 years$2,918$2,332$1,848$1,453$1,135$664
22 years$2,756$2,177$1,703$1,321$1,017$577
23 years$2,608$2,036$1,573$1,203$913$502
24 years$2,473$1,908$1,454$1,097$821$437
25 years$2,349$1,790$1,347$1,002$739$380
26 years$2,234$1,683$1,249$916$665$332
27 years$2,128$1,584$1,160$839$600$289
28 years$2,030$1,492$1,078$768$541$252
29 years$1,939$1,408$1,004$705$489$220
30 years$1,854$1,329$935$647$442$192
31 years$1,775$1,257$872$594$399$168
32 years$1,701$1,189$813$546$361$147
33 years$1,631$1,126$759$502$327$128
34 years$1,566$1,067$709$462$296$112
35 years$1,505$1,012$663$425$268$98
36 years$1,447$961$620$392$243$86
37 years$1,392$913$581$361$220$75
38 years$1,341$867$544$333$200$66
39 years$1,292$825$509$307$181$57
40 years$1,245$785$478$283$164$50
41 years$1,202$747$448$261$149$44
42 years$1,160$711$420$241$135$39
43 years$1,120$678$394$222$123$34
44 years$1,082$646$370$205$111$30
45 years$1,046$616$347$190$101$26
46 years$1,012$588$326$175$92$23
47 years$979$561$307$162$83$20
48 years$948$535$288$149$76$17
49 years$918$511$271$138$69$15
50 years$889$488$255$128$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $911,000, adding $3,532 every year, while hoping to spend $36,442 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: 65/22/13 Blend
50$911,000$911,000$911,000$911,000
51$1,007,565$959,282$945,162$1,069,793
52$1,071,563$967,513$938,051$1,120,033
53$1,140,867$974,926$929,480$1,170,334
54$1,215,980$981,442$919,362$1,224,384
55$1,297,455$986,978$907,606$1,282,549
56$1,385,901$991,444$894,116$1,345,230
57$1,481,984$994,747$878,791$1,412,870
58$1,586,443$996,786$861,526$1,485,961
59$1,700,084$997,453$842,212$1,565,041
60$1,823,800$996,635$820,733$1,650,708
61$1,958,569$994,212$796,969$1,743,618
62$2,105,471$990,055$770,795$1,844,499
63$2,265,690$984,030$742,078$1,954,151
64$2,440,534$975,991$710,681$2,073,459
65$2,631,440$965,786$676,461$2,203,396
66$2,839,991$953,253$639,266$2,345,040
67$3,067,928$938,221$598,939$2,499,578
68$3,317,170$920,507$555,317$2,668,320
69$3,589,829$899,919$508,228$2,852,710
70$3,888,229$876,253$457,491$3,054,345
71$4,214,932$849,293$402,920$3,274,982
72$4,572,757$818,810$344,320$3,516,563
73$4,964,809$784,562$281,485$3,781,229
74$5,394,507$746,294$214,203$4,071,341
75$5,865,618$703,733$142,250$4,389,506
76$6,382,290$656,595$65,394$4,738,596
77$6,949,092$604,576$0$5,121,783
78$7,571,055$547,356$0$5,544,870
79$8,253,723$484,597$0$6,019,236
80$9,003,201$415,941$0$6,540,094
81$9,826,215$341,010$0$7,112,172
82$10,730,174$259,405$0$7,740,687
83$11,723,241$170,704$0$8,431,386
84$12,814,405$74,463$0$9,190,607
85$14,013,574$0$0$10,025,338
86$15,331,659$0$0$10,950,491
87$16,780,682$0$0$11,987,432
88$18,373,889$0$0$13,127,621
89$20,125,874$0$0$14,381,509
90$22,052,712$0$0$15,760,612
91$24,172,120$0$0$17,277,617
92$26,503,613$0$0$18,946,504
93$29,068,695$0$0$20,782,674
94$31,891,059$0$0$22,803,098
95$34,996,812$0$0$25,026,474
96$38,414,716$0$0$27,473,404
97$42,176,466$0$0$30,166,589
98$46,316,983$0$0$33,131,043
99$50,874,747$0$0$36,394,325
100$55,892,155$0$0$39,986,806