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 $6,126 every year, while hoping to spend $46,301 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: 23/49/28 Blend
50$911,000$911,000$911,000$911,000
51$1,010,241$961,958$947,837$1,024,438
52$1,064,022$959,830$930,326$1,035,068
53$1,121,736$956,046$910,676$1,042,153
54$1,183,737$950,476$888,768$1,048,755
55$1,250,410$942,982$864,474$1,054,866
56$1,322,182$933,417$837,663$1,060,479
57$1,399,517$921,627$808,197$1,065,594
58$1,482,928$907,447$775,932$1,070,213
59$1,572,978$890,703$740,717$1,074,346
60$1,670,285$871,211$702,395$1,078,010
61$1,775,528$848,775$660,799$1,081,228
62$1,889,455$823,188$615,759$1,084,035
63$2,012,886$794,231$567,094$1,086,473
64$2,146,725$761,672$514,615$1,088,599
65$2,291,963$725,267$458,127$1,090,480
66$2,449,694$684,755$397,425$1,092,200
67$2,621,117$639,862$332,293$1,093,863
68$2,807,554$590,299$262,509$1,095,587
69$3,010,460$535,759$187,838$1,097,518
70$3,231,432$475,916$108,036$1,099,822
71$3,472,232$410,430$22,848$1,102,698
72$3,734,796$338,937$0$1,106,371
73$4,021,256$261,056$0$1,131,441
74$4,333,958$176,382$0$1,166,483
75$4,675,486$84,489$0$1,205,099
76$5,048,683$0$0$1,247,777
77$5,456,679$0$0$1,303,193
78$5,902,921$0$0$1,413,782
79$6,391,204$0$0$1,534,947
80$6,925,707$0$0$1,667,746
81$7,511,032$0$0$1,813,342
82$8,152,244$0$0$1,973,016
83$8,854,926$0$0$2,148,180
84$9,625,223$0$0$2,340,389
85$10,469,903$0$0$2,551,357
86$11,396,422$0$0$2,782,968
87$12,412,992$0$0$3,037,303
88$13,528,657$0$0$3,316,649
89$14,753,381$0$0$3,623,529
90$16,098,137$0$0$3,960,722
91$17,575,016$0$0$4,331,287
92$19,197,335$0$0$4,738,596
93$20,979,765$0$0$5,186,365
94$22,938,468$0$0$5,678,687
95$25,091,250$0$0$6,220,069
96$27,457,728$0$0$6,815,480
97$30,059,512$0$0$7,470,394
98$32,920,412$0$0$8,190,840
99$36,066,661$0$0$8,983,464
100$39,527,162$0$0$9,855,585