Can I retire at age 51 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$75,395$74,723$74,068$73,428$72,804$70,558
2 years$37,324$36,629$35,955$35,302$34,669$32,426
3 years$24,636$23,937$23,265$22,618$21,995$19,825
4 years$18,293$17,597$16,931$16,295$15,687$13,607
5 years$14,488$13,796$13,139$12,516$11,925$9,941
6 years$11,952$11,265$10,619$10,009$9,436$7,549
7 years$10,141$9,461$8,824$8,229$7,674$5,884
8 years$8,784$8,110$7,484$6,903$6,366$4,672
9 years$7,729$7,061$6,446$5,880$5,361$3,761
10 years$6,886$6,224$5,619$5,069$4,568$3,059
11 years$6,196$5,541$4,947$4,411$3,929$2,509
12 years$5,621$4,973$4,391$3,869$3,405$2,071
13 years$5,136$4,494$3,923$3,416$2,969$1,718
14 years$4,720$4,085$3,525$3,032$2,602$1,431
15 years$4,360$3,732$3,182$2,704$2,291$1,196
16 years$4,045$3,424$2,885$2,421$2,025$1,003
17 years$3,767$3,153$2,625$2,176$1,796$843
18 years$3,521$2,914$2,397$1,961$1,597$709
19 years$3,301$2,700$2,194$1,772$1,423$598
20 years$3,103$2,509$2,014$1,605$1,271$505
21 years$2,924$2,337$1,852$1,456$1,138$427
22 years$2,762$2,182$1,707$1,324$1,020$361
23 years$2,614$2,041$1,576$1,206$915$306
24 years$2,478$1,912$1,458$1,100$823$259
25 years$2,354$1,794$1,350$1,004$740$220
26 years$2,239$1,686$1,252$918$667$186
27 years$2,133$1,587$1,163$841$601$158
28 years$2,035$1,495$1,081$770$542$134
29 years$1,944$1,411$1,006$706$490$114
30 years$1,858$1,332$937$648$443$97
31 years$1,779$1,259$873$595$400$82
32 years$1,705$1,192$815$547$362$70
33 years$1,635$1,129$761$503$328$59
34 years$1,570$1,070$711$463$297$50
35 years$1,508$1,015$665$426$269$43
36 years$1,450$963$622$392$243$36
37 years$1,395$915$582$362$221$31
38 years$1,344$869$545$333$200$26
39 years$1,295$826$511$307$181$22
40 years$1,248$786$479$283$164$19
41 years$1,204$749$449$262$149$16
42 years$1,162$713$421$241$135$14
43 years$1,123$679$395$223$123$12
44 years$1,085$647$371$206$112$10
45 years$1,049$617$348$190$101$8
46 years$1,014$589$327$175$92$7
47 years$981$562$307$162$83$6
48 years$950$537$289$150$76$5
49 years$920$512$271$138$69$4
50 years$891$489$255$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $913,000, adding $6,504 every year, while hoping to spend $44,466 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: 68/22/10 Blend
50$913,000$913,000$913,000$913,000
51$1,012,835$964,446$950,294$1,079,206
52$1,068,833$964,392$934,818$1,124,066
53$1,129,052$962,846$917,332$1,167,152
54$1,193,876$959,686$897,724$1,213,102
55$1,263,727$954,786$875,873$1,262,188
56$1,339,066$948,010$851,654$1,314,715
57$1,420,404$939,215$824,937$1,371,016
58$1,508,297$928,249$795,585$1,431,460
59$1,603,360$914,950$763,454$1,496,457
60$1,706,268$899,148$728,395$1,566,457
61$1,817,763$880,662$690,252$1,641,958
62$1,938,660$859,299$648,861$1,723,510
63$2,069,857$834,858$604,050$1,811,721
64$2,212,339$807,123$555,643$1,907,263
65$2,367,192$775,867$503,452$2,010,877
66$2,535,610$740,848$447,281$2,123,382
67$2,718,906$701,814$386,929$2,245,683
68$2,918,525$658,493$322,181$2,378,778
69$3,136,057$610,602$252,817$2,523,771
70$3,373,252$557,839$178,604$2,681,880
71$3,632,037$499,886$99,301$2,854,450
72$3,914,531$436,407$14,654$3,042,967
73$4,223,069$367,047$0$3,249,069
74$4,560,219$291,429$0$3,482,643
75$4,928,810$209,157$0$3,739,805
76$5,331,956$119,813$0$4,021,227
77$5,773,085$22,954$0$4,329,376
78$6,255,974$0$0$4,666,974
79$6,784,780$0$0$5,056,846
80$7,364,080$0$0$5,490,088
81$7,998,918$0$0$5,964,920
82$8,694,845$0$0$6,485,502
83$9,457,979$0$0$7,056,417
84$10,295,054$0$0$7,682,710
85$11,213,490$0$0$8,369,942
86$12,221,460$0$0$9,124,235
87$13,327,964$0$0$9,952,333
88$14,542,920$0$0$10,861,666
89$15,877,249$0$0$11,860,418
90$17,342,985$0$0$12,957,605
91$18,953,382$0$0$14,163,159
92$20,723,045$0$0$15,488,021
93$22,668,061$0$0$16,944,246
94$24,806,153$0$0$18,545,115
95$27,156,848$0$0$20,305,258
96$29,741,659$0$0$22,240,794
97$32,584,286$0$0$24,369,483
98$35,710,845$0$0$26,710,893
99$39,150,106$0$0$29,286,582
100$42,933,769$0$0$32,120,303