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%13.9%
1 years$75,477$74,805$74,149$73,509$72,884$71,706
2 years$37,365$36,669$35,995$35,341$34,706$33,523
3 years$24,663$23,964$23,291$22,643$22,019$20,867
4 years$18,313$17,616$16,950$16,313$15,704$14,592
5 years$14,504$13,811$13,154$12,530$11,938$10,869
6 years$11,965$11,278$10,630$10,020$9,446$8,422
7 years$10,153$9,471$8,834$8,238$7,682$6,703
8 years$8,794$8,118$7,492$6,911$6,373$5,439
9 years$7,738$7,069$6,453$5,887$5,367$4,477
10 years$6,893$6,231$5,626$5,074$4,573$3,726
11 years$6,203$5,547$4,953$4,416$3,933$3,129
12 years$5,628$4,978$4,395$3,874$3,408$2,646
13 years$5,141$4,499$3,927$3,420$2,972$2,250
14 years$4,725$4,090$3,528$3,036$2,605$1,922
15 years$4,365$3,736$3,186$2,707$2,294$1,649
16 years$4,049$3,428$2,888$2,424$2,027$1,419
17 years$3,772$3,157$2,628$2,178$1,798$1,225
18 years$3,525$2,917$2,399$1,963$1,598$1,059
19 years$3,305$2,703$2,196$1,774$1,425$918
20 years$3,106$2,512$2,016$1,606$1,273$797
21 years$2,927$2,340$1,854$1,458$1,139$693
22 years$2,765$2,184$1,709$1,326$1,021$603
23 years$2,617$2,043$1,578$1,207$916$526
24 years$2,481$1,914$1,459$1,101$824$459
25 years$2,356$1,796$1,351$1,006$741$400
26 years$2,242$1,688$1,253$919$668$350
27 years$2,135$1,589$1,164$842$602$306
28 years$2,037$1,497$1,082$771$543$268
29 years$1,946$1,412$1,007$707$490$234
30 years$1,861$1,334$938$649$443$205
31 years$1,781$1,261$874$596$401$180
32 years$1,707$1,193$816$548$362$157
33 years$1,637$1,130$762$504$328$138
34 years$1,571$1,071$712$463$297$121
35 years$1,510$1,016$665$427$269$106
36 years$1,452$964$622$393$244$93
37 years$1,397$916$583$362$221$81
38 years$1,345$870$546$334$200$71
39 years$1,296$827$511$308$182$63
40 years$1,250$787$479$284$165$55
41 years$1,206$749$449$262$149$48
42 years$1,164$714$421$242$136$42
43 years$1,124$680$395$223$123$37
44 years$1,086$648$371$206$112$33
45 years$1,050$618$349$190$101$29
46 years$1,015$590$327$176$92$25
47 years$983$563$308$162$84$22
48 years$951$537$289$150$76$19
49 years$921$513$272$139$69$17
50 years$892$490$255$128$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $914,000, adding $6,615 every year, while hoping to spend $48,945 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: 47/34/19 Blend
50$914,000$914,000$914,000$914,000
51$1,014,051$965,609$951,442$1,055,958
52$1,065,408$960,847$931,239$1,081,071
53$1,120,362$954,211$908,718$1,102,861
54$1,179,229$945,558$883,750$1,125,482
55$1,242,355$934,735$856,201$1,149,032
56$1,310,120$921,582$825,928$1,173,622
57$1,382,940$905,927$792,784$1,199,378
58$1,461,271$887,589$756,614$1,226,442
59$1,545,617$866,377$717,257$1,254,975
60$1,636,528$842,087$674,542$1,285,155
61$1,734,609$814,505$628,295$1,317,185
62$1,840,526$783,402$578,330$1,351,293
63$1,955,009$748,539$524,454$1,387,734
64$2,078,863$709,660$466,465$1,426,793
65$2,212,969$666,496$404,154$1,468,790
66$2,358,299$618,761$337,301$1,514,084
67$2,515,921$566,156$265,676$1,563,075
68$2,687,008$508,360$189,039$1,616,211
69$2,872,851$445,038$107,140$1,673,992
70$3,074,871$375,834$19,718$1,736,974
71$3,294,630$300,372$0$1,805,781
72$3,533,848$218,256$0$1,896,021
73$3,794,415$129,065$0$1,998,786
74$4,078,414$32,358$0$2,110,995
75$4,388,136$0$0$2,233,665
76$4,726,101$0$0$2,394,991
77$5,095,085$0$0$2,584,438
78$5,498,144$0$0$2,791,481
79$5,938,641$0$0$3,017,861
80$6,420,278$0$0$3,265,493
81$6,947,133$0$0$3,536,488
82$7,523,695$0$0$3,833,169
83$8,154,907$0$0$4,158,094
84$8,846,212$0$0$4,514,080
85$9,603,605$0$0$4,904,231
86$10,433,687$0$0$5,331,962
87$11,343,728$0$0$5,801,039
88$12,341,736$0$0$6,315,606
89$13,436,531$0$0$6,880,229
90$14,637,827$0$0$7,499,937
91$15,956,325$0$0$8,180,270
92$17,403,810$0$0$8,927,330
93$18,993,267$0$0$9,747,839
94$20,738,999$0$0$10,649,203
95$22,656,760$0$0$11,639,579
96$24,763,908$0$0$12,727,954
97$27,079,564$0$0$13,924,230
98$29,624,793$0$0$15,239,313
99$32,422,804$0$0$16,685,222
100$35,499,165$0$0$18,275,195