Can I retire at age 51 with 916,000?

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 $916,000?

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 years$75,642$74,969$74,311$73,670$73,043$72,431
2 years$37,447$36,749$36,073$35,418$34,782$34,166
3 years$24,717$24,016$23,342$22,693$22,067$21,465
4 years$18,353$17,654$16,987$16,349$15,739$15,155
5 years$14,535$13,841$13,183$12,557$11,964$11,401
6 years$11,991$11,302$10,653$10,042$9,467$8,925
7 years$10,175$9,492$8,853$8,256$7,699$7,179
8 years$8,813$8,136$7,508$6,926$6,387$5,889
9 years$7,755$7,084$6,467$5,899$5,379$4,902
10 years$6,908$6,244$5,638$5,085$4,583$4,127
11 years$6,216$5,559$4,963$4,426$3,942$3,507
12 years$5,640$4,989$4,405$3,882$3,416$3,001
13 years$5,153$4,509$3,936$3,427$2,979$2,584
14 years$4,735$4,098$3,536$3,042$2,611$2,236
15 years$4,374$3,744$3,193$2,713$2,299$1,943
16 years$4,058$3,435$2,895$2,429$2,032$1,694
17 years$3,780$3,164$2,634$2,183$1,802$1,482
18 years$3,533$2,923$2,404$1,967$1,602$1,299
19 years$3,312$2,709$2,201$1,777$1,428$1,142
20 years$3,113$2,518$2,020$1,610$1,275$1,005
21 years$2,934$2,345$1,858$1,461$1,141$887
22 years$2,771$2,189$1,713$1,328$1,023$783
23 years$2,622$2,047$1,581$1,210$918$692
24 years$2,486$1,918$1,462$1,103$825$613
25 years$2,362$1,800$1,354$1,008$743$543
26 years$2,247$1,692$1,256$921$669$482
27 years$2,140$1,592$1,166$843$603$428
28 years$2,042$1,500$1,084$773$544$380
29 years$1,950$1,415$1,009$709$491$338
30 years$1,865$1,337$940$650$444$300
31 years$1,785$1,264$876$597$401$267
32 years$1,710$1,196$818$549$363$238
33 years$1,640$1,132$763$505$329$212
34 years$1,575$1,073$713$464$298$188
35 years$1,513$1,018$667$428$270$168
36 years$1,455$966$624$394$244$150
37 years$1,400$918$584$363$221$133
38 years$1,348$872$547$334$201$119
39 years$1,299$829$512$308$182$106
40 years$1,252$789$480$284$165$94
41 years$1,208$751$450$262$150$84
42 years$1,166$715$422$242$136$75
43 years$1,126$681$396$224$123$67
44 years$1,088$650$372$206$112$60
45 years$1,052$619$349$191$102$53
46 years$1,018$591$328$176$92$48
47 years$985$564$308$163$84$42
48 years$953$538$290$150$76$38
49 years$923$514$272$139$69$34
50 years$894$491$256$128$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $916,000, adding $3,675 every year, while hoping to spend $22,690 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: 49/27/24 Blend
50$916,000$916,000$916,000$916,000
51$1,013,223$964,675$950,477$1,055,831
52$1,092,430$987,802$958,176$1,109,051
53$1,178,955$1,011,302$965,372$1,164,268
54$1,273,521$1,035,169$972,025$1,223,798
55$1,376,925$1,059,396$978,092$1,288,058
56$1,490,040$1,083,976$983,528$1,357,508
57$1,613,833$1,108,899$988,284$1,432,653
58$1,749,364$1,134,155$992,312$1,514,053
59$1,897,804$1,159,733$995,559$1,602,323
60$2,060,439$1,185,620$997,970$1,698,140
61$2,238,689$1,211,800$999,487$1,802,252
62$2,434,115$1,238,258$1,000,049$1,915,483
63$2,648,437$1,264,975$999,593$2,038,740
64$2,883,550$1,291,932$998,052$2,173,026
65$3,141,542$1,319,106$995,357$2,319,443
66$3,424,711$1,346,474$991,433$2,479,207
67$3,735,589$1,374,008$986,203$2,653,661
68$4,076,966$1,401,681$979,588$2,844,280
69$4,451,914$1,429,461$971,501$3,052,696
70$4,863,818$1,457,314$961,856$3,280,704
71$5,316,407$1,485,202$950,558$3,530,285
72$5,813,790$1,513,086$937,511$3,803,620
73$6,360,492$1,540,923$922,613$4,103,118
74$6,961,498$1,568,664$905,757$4,431,430
75$7,622,303$1,596,261$886,831$4,791,480
76$8,348,958$1,623,658$865,720$5,186,493
77$9,148,131$1,650,796$842,301$5,620,022
78$10,027,168$1,677,613$816,446$6,095,985
79$10,994,164$1,704,041$788,022$6,618,699
80$12,058,037$1,730,007$756,888$7,192,926
81$13,228,612$1,755,432$722,899$7,823,913
82$14,516,716$1,780,235$685,903$8,517,445
83$15,934,279$1,804,324$645,738$9,279,899
84$17,494,445$1,827,605$602,239$10,118,303
85$19,211,695$1,849,975$555,232$11,040,406
86$21,101,989$1,871,325$504,533$12,054,749
87$23,182,910$1,891,538$449,953$13,170,747
88$25,473,834$1,910,489$391,293$14,398,778
89$27,996,108$1,928,047$328,345$15,750,281
90$30,773,259$1,944,069$260,892$17,237,865
91$33,831,209$1,958,406$188,709$18,875,428
92$37,198,520$1,970,895$111,559$20,678,292
93$40,906,667$1,981,367$29,194$22,663,341
94$44,990,333$1,989,641$0$24,849,189
95$49,487,736$1,995,521$0$27,271,383
96$54,440,988$1,998,805$0$29,946,460
97$59,896,494$1,999,272$0$32,891,931
98$65,905,392$1,996,692$0$36,135,342
99$72,524,031$1,990,819$0$39,707,051
100$79,814,504$1,981,390$0$43,640,512