Can I retire at age 51 with 914,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$75,477$74,805$74,149$73,509$72,884$70,806
2 years$37,365$36,669$35,995$35,341$34,706$32,630
3 years$24,663$23,964$23,291$22,643$22,019$20,008
4 years$18,313$17,616$16,950$16,313$15,704$13,774
5 years$14,504$13,811$13,154$12,530$11,938$10,094
6 years$11,965$11,278$10,630$10,020$9,446$7,691
7 years$10,153$9,471$8,834$8,238$7,682$6,015
8 years$8,794$8,118$7,492$6,911$6,373$4,793
9 years$7,738$7,069$6,453$5,887$5,367$3,872
10 years$6,893$6,231$5,626$5,074$4,573$3,162
11 years$6,203$5,547$4,953$4,416$3,933$2,603
12 years$5,628$4,978$4,395$3,874$3,408$2,157
13 years$5,141$4,499$3,927$3,420$2,972$1,797
14 years$4,725$4,090$3,528$3,036$2,605$1,503
15 years$4,365$3,736$3,186$2,707$2,294$1,262
16 years$4,049$3,428$2,888$2,424$2,027$1,062
17 years$3,772$3,157$2,628$2,178$1,798$897
18 years$3,525$2,917$2,399$1,963$1,598$758
19 years$3,305$2,703$2,196$1,774$1,425$642
20 years$3,106$2,512$2,016$1,606$1,273$545
21 years$2,927$2,340$1,854$1,458$1,139$462
22 years$2,765$2,184$1,709$1,326$1,021$393
23 years$2,617$2,043$1,578$1,207$916$334
24 years$2,481$1,914$1,459$1,101$824$285
25 years$2,356$1,796$1,351$1,006$741$242
26 years$2,242$1,688$1,253$919$668$207
27 years$2,135$1,589$1,164$842$602$176
28 years$2,037$1,497$1,082$771$543$150
29 years$1,946$1,412$1,007$707$490$128
30 years$1,861$1,334$938$649$443$109
31 years$1,781$1,261$874$596$401$93
32 years$1,707$1,193$816$548$362$80
33 years$1,637$1,130$762$504$328$68
34 years$1,571$1,071$712$463$297$58
35 years$1,510$1,016$665$427$269$50
36 years$1,452$964$622$393$244$42
37 years$1,397$916$583$362$221$36
38 years$1,345$870$546$334$200$31
39 years$1,296$827$511$308$182$26
40 years$1,250$787$479$284$165$23
41 years$1,206$749$449$262$149$19
42 years$1,164$714$421$242$136$16
43 years$1,124$680$395$223$123$14
44 years$1,086$648$371$206$112$12
45 years$1,050$618$349$190$101$10
46 years$1,015$590$327$176$92$9
47 years$983$563$308$162$84$8
48 years$951$537$289$150$76$6
49 years$921$513$272$139$69$5
50 years$892$490$255$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $914,000, adding $6,283 every year, while hoping to spend $31,268 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: 56/28/16 Blend
50$914,000$914,000$914,000$914,000
51$1,013,709$965,267$951,100$1,065,878
52$1,083,838$979,296$949,693$1,116,073
53$1,160,073$992,965$947,191$1,166,800
54$1,243,003$1,006,222$943,524$1,221,348
55$1,333,276$1,019,014$938,619$1,280,088
56$1,431,607$1,031,283$932,400$1,343,433
57$1,538,781$1,042,966$924,785$1,411,836
58$1,655,664$1,053,998$915,693$1,485,796
59$1,783,206$1,064,309$905,033$1,565,867
60$1,922,456$1,073,822$892,714$1,652,657
61$2,074,565$1,082,459$878,639$1,746,839
62$2,240,805$1,090,133$862,707$1,849,154
63$2,422,572$1,096,755$844,813$1,960,421
64$2,621,405$1,102,227$824,845$2,081,542
65$2,838,999$1,106,446$802,688$2,213,515
66$3,077,219$1,109,304$778,220$2,357,438
67$3,338,120$1,110,684$751,315$2,514,525
68$3,623,963$1,110,463$721,839$2,686,113
69$3,937,242$1,108,510$689,655$2,873,679
70$4,280,699$1,104,686$654,617$3,078,851
71$4,657,358$1,098,843$616,574$3,303,427
72$5,070,546$1,090,824$575,367$3,549,389
73$5,523,932$1,080,464$530,832$3,818,923
74$6,021,552$1,067,586$482,794$4,114,442
75$6,567,857$1,052,004$431,074$4,438,606
76$7,167,745$1,033,520$375,482$4,794,351
77$7,826,617$1,011,924$315,822$5,184,913
78$8,550,418$986,994$251,888$5,613,864
79$9,345,699$958,495$183,465$6,085,141
80$10,219,678$926,179$110,329$6,603,090
81$11,180,305$889,782$32,245$7,172,500
82$12,236,340$849,025$0$7,798,655
83$13,397,434$803,614$0$8,496,104
84$14,674,218$753,237$0$9,268,992
85$16,078,407$697,565$0$10,118,940
86$17,622,907$636,248$0$11,053,812
87$19,321,937$568,918$0$12,082,274
88$21,191,166$495,186$0$13,213,879
89$23,247,856$414,641$0$14,459,160
90$25,511,026$326,848$0$15,829,727
91$28,001,634$231,347$0$17,338,377
92$30,742,772$127,654$0$18,999,218
93$33,759,882$15,256$0$20,827,800
94$37,081,000$0$0$22,841,267
95$40,737,017$0$0$25,091,291
96$44,761,970$0$0$27,573,648
97$49,193,367$0$0$30,306,781
98$54,072,535$0$0$33,316,193
99$59,445,014$0$0$36,629,986
100$65,360,984$0$0$40,279,125