Can I retire at age 51 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$75,312$74,641$73,987$73,348$72,724$70,340
2 years$37,283$36,589$35,916$35,263$34,631$32,251
3 years$24,609$23,911$23,240$22,594$21,971$19,671
4 years$18,273$17,577$16,913$16,277$15,670$13,467
5 years$14,472$13,781$13,125$12,503$11,912$9,813
6 years$11,939$11,253$10,607$9,998$9,426$7,431
7 years$10,130$9,450$8,814$8,220$7,666$5,775
8 years$8,775$8,101$7,475$6,896$6,359$4,572
9 years$7,721$7,053$6,438$5,874$5,355$3,670
10 years$6,878$6,217$5,613$5,063$4,563$2,976
11 years$6,189$5,535$4,942$4,406$3,924$2,433
12 years$5,615$4,968$4,386$3,865$3,401$2,001
13 years$5,130$4,489$3,918$3,412$2,966$1,655
14 years$4,715$4,081$3,521$3,029$2,600$1,374
15 years$4,355$3,728$3,179$2,701$2,289$1,144
16 years$4,041$3,420$2,882$2,419$2,023$956
17 years$3,763$3,150$2,622$2,173$1,794$800
18 years$3,517$2,911$2,394$1,959$1,595$671
19 years$3,297$2,697$2,192$1,770$1,422$564
20 years$3,100$2,507$2,011$1,603$1,270$474
21 years$2,921$2,335$1,850$1,455$1,136$399
22 years$2,759$2,179$1,705$1,323$1,019$336
23 years$2,611$2,038$1,574$1,205$914$284
24 years$2,476$1,910$1,456$1,099$822$239
25 years$2,351$1,792$1,349$1,003$739$202
26 years$2,237$1,684$1,251$917$666$171
27 years$2,131$1,585$1,161$840$601$144
28 years$2,033$1,494$1,080$769$542$122
29 years$1,941$1,409$1,005$705$489$103
30 years$1,856$1,331$936$647$442$87
31 years$1,777$1,258$872$595$400$74
32 years$1,703$1,190$814$547$362$62
33 years$1,633$1,127$760$503$327$53
34 years$1,568$1,068$710$462$296$45
35 years$1,506$1,013$664$426$268$38
36 years$1,448$962$621$392$243$32
37 years$1,394$914$581$361$220$27
38 years$1,342$868$544$333$200$23
39 years$1,293$826$510$307$181$19
40 years$1,247$785$478$283$164$16
41 years$1,203$748$448$261$149$14
42 years$1,161$712$420$241$135$12
43 years$1,121$678$395$223$123$10
44 years$1,084$647$370$205$111$8
45 years$1,048$617$348$190$101$7
46 years$1,013$588$327$175$92$6
47 years$980$561$307$162$83$5
48 years$949$536$288$150$76$4
49 years$919$512$271$138$69$4
50 years$890$489$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $912,000, adding $2,016 every year, while hoping to spend $46,923 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: 56/39/5 Blend
50$912,000$912,000$912,000$912,000
51$1,007,104$958,768$944,632$1,062,397
52$1,059,902$955,821$926,351$1,096,882
53$1,116,514$951,158$905,885$1,128,975
54$1,177,278$944,644$883,112$1,162,758
55$1,242,566$936,138$857,902$1,198,397
56$1,312,788$925,489$830,122$1,236,074
57$1,388,392$912,538$799,631$1,275,996
58$1,469,872$897,115$766,282$1,318,389
59$1,557,768$879,043$729,921$1,363,506
60$1,652,675$858,131$690,389$1,411,629
61$1,755,247$834,179$647,516$1,463,071
62$1,866,203$806,974$601,129$1,518,180
63$1,986,332$776,292$551,042$1,577,340
64$2,116,501$741,894$497,066$1,640,981
65$2,257,667$703,529$439,000$1,709,578
66$2,410,877$660,931$376,635$1,783,661
67$2,577,288$613,817$309,753$1,863,814
68$2,758,167$561,891$238,126$1,950,689
69$2,954,914$504,837$161,517$2,045,007
70$3,169,064$442,323$79,677$2,147,566
71$3,402,309$373,997$0$2,259,255
72$3,656,511$299,489$0$2,381,465
73$3,933,716$218,405$0$2,519,438
74$4,236,180$130,332$0$2,670,142
75$4,566,384$34,832$0$2,834,929
76$4,927,059$0$0$3,015,296
77$5,321,213$0$0$3,242,320
78$5,752,155$0$0$3,506,956
79$6,223,531$0$0$3,796,503
80$6,739,355$0$0$4,113,437
81$7,304,044$0$0$4,460,483
82$7,922,466$0$0$4,840,643
83$8,599,979$0$0$5,257,224
84$9,342,486$0$0$5,713,864
85$10,156,485$0$0$6,214,575
86$11,049,136$0$0$6,763,772
87$12,028,323$0$0$7,366,320
88$13,102,731$0$0$8,027,575
89$14,281,925$0$0$8,753,441
90$15,576,443$0$0$9,550,416
91$16,997,890$0$0$10,425,663
92$18,559,054$0$0$11,387,070
93$20,274,019$0$0$12,443,328
94$22,158,302$0$0$13,604,009
95$24,228,996$0$0$14,879,660
96$26,504,933$0$0$16,281,901
97$29,006,860$0$0$17,823,534
98$31,757,633$0$0$19,518,660
99$34,782,436$0$0$21,382,818
100$38,109,013$0$0$23,433,129