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%14%
1 years$75,312$74,641$73,987$73,348$72,724$71,519
2 years$37,283$36,589$35,916$35,263$34,631$33,420
3 years$24,609$23,911$23,240$22,594$21,971$20,793
4 years$18,273$17,577$16,913$16,277$15,670$14,533
5 years$14,472$13,781$13,125$12,503$11,912$10,820
6 years$11,939$11,253$10,607$9,998$9,426$8,379
7 years$10,130$9,450$8,814$8,220$7,666$6,665
8 years$8,775$8,101$7,475$6,896$6,359$5,405
9 years$7,721$7,053$6,438$5,874$5,355$4,446
10 years$6,878$6,217$5,613$5,063$4,563$3,699
11 years$6,189$5,535$4,942$4,406$3,924$3,104
12 years$5,615$4,968$4,386$3,865$3,401$2,623
13 years$5,130$4,489$3,918$3,412$2,966$2,229
14 years$4,715$4,081$3,521$3,029$2,600$1,903
15 years$4,355$3,728$3,179$2,701$2,289$1,631
16 years$4,041$3,420$2,882$2,419$2,023$1,403
17 years$3,763$3,150$2,622$2,173$1,794$1,210
18 years$3,517$2,911$2,394$1,959$1,595$1,046
19 years$3,297$2,697$2,192$1,770$1,422$906
20 years$3,100$2,507$2,011$1,603$1,270$786
21 years$2,921$2,335$1,850$1,455$1,136$683
22 years$2,759$2,179$1,705$1,323$1,019$594
23 years$2,611$2,038$1,574$1,205$914$517
24 years$2,476$1,910$1,456$1,099$822$451
25 years$2,351$1,792$1,349$1,003$739$393
26 years$2,237$1,684$1,251$917$666$343
27 years$2,131$1,585$1,161$840$601$300
28 years$2,033$1,494$1,080$769$542$262
29 years$1,941$1,409$1,005$705$489$229
30 years$1,856$1,331$936$647$442$200
31 years$1,777$1,258$872$595$400$175
32 years$1,703$1,190$814$547$362$154
33 years$1,633$1,127$760$503$327$134
34 years$1,568$1,068$710$462$296$118
35 years$1,506$1,013$664$426$268$103
36 years$1,448$962$621$392$243$90
37 years$1,394$914$581$361$220$79
38 years$1,342$868$544$333$200$69
39 years$1,293$826$510$307$181$61
40 years$1,247$785$478$283$164$53
41 years$1,203$748$448$261$149$47
42 years$1,161$712$420$241$135$41
43 years$1,121$678$395$223$123$36
44 years$1,084$647$370$205$111$31
45 years$1,048$617$348$190$101$28
46 years$1,013$588$327$175$92$24
47 years$980$561$307$162$83$21
48 years$949$536$288$150$76$19
49 years$919$512$271$138$69$16
50 years$890$489$255$128$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $912,000, adding $4,736 every year, while hoping to spend $52,160 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: 44/30/26 Blend
50$912,000$912,000$912,000$912,000
51$1,009,909$961,573$947,437$1,046,544
52$1,057,422$953,192$923,678$1,064,684
53$1,108,033$942,653$897,376$1,078,959
54$1,162,003$929,794$868,389$1,093,415
55$1,219,618$914,444$836,570$1,108,098
56$1,281,191$896,424$801,767$1,123,062
57$1,347,066$875,542$763,820$1,138,370
58$1,417,618$851,595$722,559$1,154,095
59$1,493,261$824,369$677,811$1,170,325
60$1,574,447$793,637$629,391$1,187,156
61$1,661,674$759,158$577,109$1,204,705
62$1,755,487$720,679$520,764$1,223,101
63$1,856,485$677,931$460,148$1,242,495
64$1,965,326$630,629$395,043$1,263,057
65$2,082,732$578,472$325,220$1,284,982
66$2,209,498$521,144$250,441$1,308,492
67$2,346,495$458,308$170,459$1,333,837
68$2,494,681$389,610$85,014$1,361,300
69$2,655,112$314,674$0$1,391,203
70$2,828,944$233,104$0$1,425,618
71$3,017,453$144,482$0$1,488,520
72$3,222,037$48,366$0$1,556,840
73$3,444,239$0$0$1,631,177
74$3,685,752$0$0$1,730,588
75$3,948,441$0$0$1,856,179
76$4,234,356$0$0$1,992,976
77$4,545,755$0$0$2,142,071
78$4,885,121$0$0$2,304,667
79$5,255,186$0$0$2,482,088
80$5,658,960$0$0$2,675,789
81$6,099,752$0$0$2,887,374
82$6,581,207$0$0$3,118,609
83$7,107,339$0$0$3,371,436
84$7,682,563$0$0$3,647,995
85$8,311,744$0$0$3,950,643
86$9,000,237$0$0$4,281,974
87$9,753,938$0$0$4,644,843
88$10,579,340$0$0$5,042,398
89$11,483,594$0$0$5,478,102
90$12,474,575$0$0$5,955,772
91$13,560,954$0$0$6,479,609
92$14,752,284$0$0$7,054,243
93$16,059,086$0$0$7,684,771
94$17,492,947$0$0$8,376,810
95$19,066,630$0$0$9,136,545
96$20,794,195$0$0$9,970,789
97$22,691,129$0$0$10,887,050
98$24,774,492$0$0$11,893,595
99$27,063,077$0$0$12,999,533
100$29,577,587$0$0$14,214,901