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%12.1%
1 years$75,395$74,723$74,068$73,428$72,804$72,164
2 years$37,324$36,629$35,955$35,302$34,669$34,023
3 years$24,636$23,937$23,265$22,618$21,995$21,365
4 years$18,293$17,597$16,931$16,295$15,687$15,077
5 years$14,488$13,796$13,139$12,516$11,925$11,337
6 years$11,952$11,265$10,619$10,009$9,436$8,870
7 years$10,141$9,461$8,824$8,229$7,674$7,131
8 years$8,784$8,110$7,484$6,903$6,366$5,846
9 years$7,729$7,061$6,446$5,880$5,361$4,863
10 years$6,886$6,224$5,619$5,069$4,568$4,092
11 years$6,196$5,541$4,947$4,411$3,929$3,475
12 years$5,621$4,973$4,391$3,869$3,405$2,972
13 years$5,136$4,494$3,923$3,416$2,969$2,557
14 years$4,720$4,085$3,525$3,032$2,602$2,211
15 years$4,360$3,732$3,182$2,704$2,291$1,920
16 years$4,045$3,424$2,885$2,421$2,025$1,673
17 years$3,767$3,153$2,625$2,176$1,796$1,462
18 years$3,521$2,914$2,397$1,961$1,597$1,281
19 years$3,301$2,700$2,194$1,772$1,423$1,125
20 years$3,103$2,509$2,014$1,605$1,271$990
21 years$2,924$2,337$1,852$1,456$1,138$872
22 years$2,762$2,182$1,707$1,324$1,020$770
23 years$2,614$2,041$1,576$1,206$915$680
24 years$2,478$1,912$1,458$1,100$823$602
25 years$2,354$1,794$1,350$1,004$740$533
26 years$2,239$1,686$1,252$918$667$472
27 years$2,133$1,587$1,163$841$601$419
28 years$2,035$1,495$1,081$770$542$372
29 years$1,944$1,411$1,006$706$490$330
30 years$1,858$1,332$937$648$443$293
31 years$1,779$1,259$873$595$400$261
32 years$1,705$1,192$815$547$362$232
33 years$1,635$1,129$761$503$328$206
34 years$1,570$1,070$711$463$297$183
35 years$1,508$1,015$665$426$269$163
36 years$1,450$963$622$392$243$145
37 years$1,395$915$582$362$221$129
38 years$1,344$869$545$333$200$115
39 years$1,295$826$511$307$181$103
40 years$1,248$786$479$283$164$91
41 years$1,204$749$449$262$149$82
42 years$1,162$713$421$241$135$73
43 years$1,123$679$395$223$123$65
44 years$1,085$647$371$206$112$58
45 years$1,049$617$348$190$101$51
46 years$1,014$589$327$175$92$46
47 years$981$562$307$162$83$41
48 years$950$537$289$150$76$36
49 years$920$512$271$138$69$33
50 years$891$489$255$128$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $913,000, adding $6,451 every year, while hoping to spend $21,219 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: 48/36/16 Blend
50$913,000$913,000$913,000$913,000
51$1,012,780$964,391$950,240$1,056,566
52$1,093,507$989,070$959,496$1,112,221
53$1,181,757$1,014,246$968,351$1,169,924
54$1,278,274$1,039,922$976,769$1,232,119
55$1,383,880$1,066,100$984,713$1,299,234
56$1,499,477$1,092,780$992,142$1,371,741
57$1,626,060$1,119,963$999,015$1,450,157
58$1,764,723$1,147,647$1,005,287$1,535,056
59$1,916,674$1,175,830$1,010,913$1,627,068
60$2,083,240$1,204,511$1,015,844$1,726,885
61$2,265,885$1,233,686$1,020,029$1,835,271
62$2,466,219$1,263,351$1,023,414$1,953,070
63$2,686,017$1,293,499$1,025,942$2,081,208
64$2,927,235$1,324,124$1,027,555$2,220,706
65$3,192,025$1,355,218$1,028,190$2,372,691
66$3,482,759$1,386,772$1,027,782$2,538,403
67$3,802,050$1,418,773$1,026,263$2,719,208
68$4,152,776$1,451,210$1,023,560$2,916,612
69$4,538,109$1,484,069$1,019,598$3,132,275
70$4,961,540$1,517,333$1,014,299$3,368,025
71$5,426,919$1,550,983$1,007,580$3,625,878
72$5,938,484$1,585,001$999,353$3,908,054
73$6,500,906$1,619,363$989,528$4,217,000
74$7,119,332$1,654,045$978,011$4,555,413
75$7,799,430$1,689,019$964,700$4,926,266
76$8,547,446$1,724,256$949,492$5,332,833
77$9,370,263$1,759,722$932,278$5,778,725
78$10,275,464$1,795,382$912,942$6,267,920
79$11,271,401$1,831,196$891,367$6,804,803
80$12,367,282$1,867,122$867,425$7,394,207
81$13,573,247$1,903,114$840,986$8,041,456
82$14,900,473$1,939,121$811,914$8,752,422
83$16,361,273$1,975,090$780,065$9,533,573
84$17,969,214$2,010,961$745,288$10,392,039
85$19,739,247$2,046,670$707,428$11,335,678
86$21,687,844$2,082,151$666,321$12,373,152
87$23,833,156$2,117,329$621,795$13,514,005
88$26,195,185$2,152,124$573,671$14,768,757
89$28,795,968$2,186,453$521,764$16,149,004
90$31,659,791$2,220,223$465,877$17,667,525
91$34,813,413$2,253,337$405,807$19,338,403
92$38,286,320$2,285,690$341,341$21,177,161
93$42,111,005$2,317,169$272,256$23,200,907
94$46,323,271$2,347,654$198,321$25,428,497
95$50,962,573$2,377,017$119,292$27,880,710
96$56,072,384$2,405,120$34,918$30,580,451
97$61,700,613$2,431,816$0$33,552,961
98$67,900,049$2,456,949$0$36,835,470
99$74,728,866$2,480,352$0$40,456,203
100$82,251,168$2,501,846$0$44,443,031