Can I retire at age 51 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$75,477$74,805$74,149$73,509$72,884$72,033
2 years$37,365$36,669$35,995$35,341$34,706$33,850
3 years$24,663$23,964$23,291$22,643$22,019$21,184
4 years$18,313$17,616$16,950$16,313$15,704$14,896
5 years$14,504$13,811$13,154$12,530$11,938$11,160
6 years$11,965$11,278$10,630$10,020$9,446$8,699
7 years$10,153$9,471$8,834$8,238$7,682$6,966
8 years$8,794$8,118$7,492$6,911$6,373$5,688
9 years$7,738$7,069$6,453$5,887$5,367$4,713
10 years$6,893$6,231$5,626$5,074$4,573$3,949
11 years$6,203$5,547$4,953$4,416$3,933$3,338
12 years$5,628$4,978$4,395$3,874$3,408$2,843
13 years$5,141$4,499$3,927$3,420$2,972$2,435
14 years$4,725$4,090$3,528$3,036$2,605$2,096
15 years$4,365$3,736$3,186$2,707$2,294$1,811
16 years$4,049$3,428$2,888$2,424$2,027$1,571
17 years$3,772$3,157$2,628$2,178$1,798$1,366
18 years$3,525$2,917$2,399$1,963$1,598$1,191
19 years$3,305$2,703$2,196$1,774$1,425$1,041
20 years$3,106$2,512$2,016$1,606$1,273$911
21 years$2,927$2,340$1,854$1,458$1,139$799
22 years$2,765$2,184$1,709$1,326$1,021$701
23 years$2,617$2,043$1,578$1,207$916$616
24 years$2,481$1,914$1,459$1,101$824$542
25 years$2,356$1,796$1,351$1,006$741$477
26 years$2,242$1,688$1,253$919$668$421
27 years$2,135$1,589$1,164$842$602$371
28 years$2,037$1,497$1,082$771$543$328
29 years$1,946$1,412$1,007$707$490$289
30 years$1,861$1,334$938$649$443$255
31 years$1,781$1,261$874$596$401$226
32 years$1,707$1,193$816$548$362$200
33 years$1,637$1,130$762$504$328$177
34 years$1,571$1,071$712$463$297$156
35 years$1,510$1,016$665$427$269$138
36 years$1,452$964$622$393$244$122
37 years$1,397$916$583$362$221$108
38 years$1,345$870$546$334$200$96
39 years$1,296$827$511$308$182$85
40 years$1,250$787$479$284$165$75
41 years$1,206$749$449$262$149$67
42 years$1,164$714$421$242$136$59
43 years$1,124$680$395$223$123$52
44 years$1,086$648$371$206$112$46
45 years$1,050$618$349$190$101$41
46 years$1,015$590$327$176$92$36
47 years$983$563$308$162$84$32
48 years$951$537$289$150$76$29
49 years$921$513$272$139$69$25
50 years$892$490$255$128$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $914,000, adding $3,934 every year, while hoping to spend $38,360 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: 54/16/30 Blend
50$914,000$914,000$914,000$914,000
51$1,011,286$962,844$948,677$1,057,241
52$1,073,622$969,209$939,643$1,095,878
53$1,141,031$974,599$929,020$1,133,697
54$1,213,990$978,928$916,716$1,174,121
55$1,293,023$982,101$902,632$1,217,417
56$1,378,705$984,019$886,664$1,263,879
57$1,471,672$984,574$868,706$1,313,834
58$1,572,620$983,656$848,646$1,367,642
59$1,682,317$981,144$826,364$1,425,703
60$1,801,605$976,912$801,739$1,488,460
61$1,931,412$970,825$774,642$1,556,403
62$2,072,761$962,740$744,936$1,630,073
63$2,226,774$952,505$712,483$1,710,071
64$2,394,687$939,961$677,134$1,797,060
65$2,577,863$924,936$638,735$1,891,773
66$2,777,798$907,251$597,126$1,995,022
67$2,996,142$886,715$552,139$2,107,704
68$3,234,710$863,126$503,597$2,230,810
69$3,495,500$836,269$451,317$2,365,438
70$3,780,713$805,917$395,108$2,512,800
71$4,092,770$771,832$334,768$2,674,234
72$4,434,340$733,759$270,090$2,851,220
73$4,808,359$691,429$200,854$3,045,395
74$5,218,062$644,560$126,834$3,258,564
75$5,667,011$592,850$47,789$3,492,724
76$6,159,129$535,983$0$3,750,078
77$6,698,737$473,622$0$4,044,767
78$7,290,593$405,415$0$4,384,859
79$7,939,940$330,986$0$4,758,097
80$8,652,549$249,939$0$5,167,849
81$9,434,780$161,858$0$5,617,829
82$10,293,638$66,300$0$6,112,131
83$11,236,841$0$0$6,655,267
84$12,272,887$0$0$7,258,763
85$13,411,142$0$0$7,934,711
86$14,661,920$0$0$8,677,576
87$16,036,588$0$0$9,494,119
88$17,547,665$0$0$10,391,789
89$19,208,945$0$0$11,378,794
90$21,035,626$0$0$12,464,175
91$23,044,450$0$0$13,657,894
92$25,253,864$0$0$14,970,928
93$27,684,194$0$0$16,415,368
94$30,357,832$0$0$18,004,540
95$33,299,451$0$0$19,753,124
96$36,536,237$0$0$21,677,295
97$40,098,143$0$0$23,794,876
98$44,018,172$0$0$26,125,505
99$48,332,689$0$0$28,690,820
100$53,081,765$0$0$31,514,663