Can I retire at age 51 with 916,000?

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 $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%19%
1 years$75,642$74,969$74,311$73,670$73,043$70,396
2 years$37,447$36,749$36,073$35,418$34,782$32,144
3 years$24,717$24,016$23,342$22,693$22,067$19,521
4 years$18,353$17,654$16,987$16,349$15,739$13,304
5 years$14,535$13,841$13,183$12,557$11,964$9,648
6 years$11,991$11,302$10,653$10,042$9,467$7,270
7 years$10,175$9,492$8,853$8,256$7,699$5,621
8 years$8,813$8,136$7,508$6,926$6,387$4,427
9 years$7,755$7,084$6,467$5,899$5,379$3,533
10 years$6,908$6,244$5,638$5,085$4,583$2,849
11 years$6,216$5,559$4,963$4,426$3,942$2,315
12 years$5,640$4,989$4,405$3,882$3,416$1,893
13 years$5,153$4,509$3,936$3,427$2,979$1,556
14 years$4,735$4,098$3,536$3,042$2,611$1,284
15 years$4,374$3,744$3,193$2,713$2,299$1,062
16 years$4,058$3,435$2,895$2,429$2,032$882
17 years$3,780$3,164$2,634$2,183$1,802$733
18 years$3,533$2,923$2,404$1,967$1,602$611
19 years$3,312$2,709$2,201$1,777$1,428$509
20 years$3,113$2,518$2,020$1,610$1,275$426
21 years$2,934$2,345$1,858$1,461$1,141$356
22 years$2,771$2,189$1,713$1,328$1,023$298
23 years$2,622$2,047$1,581$1,210$918$249
24 years$2,486$1,918$1,462$1,103$825$209
25 years$2,362$1,800$1,354$1,008$743$175
26 years$2,247$1,692$1,256$921$669$147
27 years$2,140$1,592$1,166$843$603$123
28 years$2,042$1,500$1,084$773$544$103
29 years$1,950$1,415$1,009$709$491$87
30 years$1,865$1,337$940$650$444$73
31 years$1,785$1,264$876$597$401$61
32 years$1,710$1,196$818$549$363$51
33 years$1,640$1,132$763$505$329$43
34 years$1,575$1,073$713$464$298$36
35 years$1,513$1,018$667$428$270$30
36 years$1,455$966$624$394$244$26
37 years$1,400$918$584$363$221$21
38 years$1,348$872$547$334$201$18
39 years$1,299$829$512$308$182$15
40 years$1,252$789$480$284$165$13
41 years$1,208$751$450$262$150$11
42 years$1,166$715$422$242$136$9
43 years$1,126$681$396$224$123$8
44 years$1,088$650$372$206$112$6
45 years$1,052$619$349$191$102$5
46 years$1,018$591$328$176$92$4
47 years$985$564$308$163$84$4
48 years$953$538$290$150$76$3
49 years$923$514$272$139$69$3
50 years$894$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $916,000, adding $3,466 every year, while hoping to spend $23,381 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: 73/9/18 Blend
50$916,000$916,000$916,000$916,000
51$1,013,007$964,459$950,261$1,082,452
52$1,091,457$986,840$957,218$1,151,384
53$1,177,124$1,009,535$963,624$1,223,701
54$1,270,722$1,032,533$969,436$1,302,318
55$1,373,033$1,055,824$974,609$1,387,855
56$1,484,919$1,079,396$979,096$1,480,996
57$1,607,331$1,103,237$982,845$1,582,495
58$1,741,313$1,127,330$985,805$1,693,182
59$1,888,018$1,151,660$987,921$1,813,970
60$2,048,713$1,176,209$989,133$1,945,869
61$2,224,795$1,200,956$989,382$2,089,988
62$2,417,801$1,225,880$988,604$2,247,550
63$2,629,425$1,250,957$986,730$2,419,902
64$2,861,533$1,276,160$983,692$2,608,532
65$3,116,179$1,301,461$979,415$2,815,073
66$3,395,625$1,326,829$973,822$3,041,331
67$3,702,366$1,352,230$966,832$3,289,292
68$4,039,146$1,377,629$958,359$3,561,146
69$4,408,991$1,402,984$948,316$3,859,306
70$4,815,232$1,428,255$936,609$4,186,432
71$5,261,540$1,453,394$923,140$4,545,453
72$5,751,960$1,478,352$907,807$4,939,599
73$6,290,944$1,503,076$890,504$5,372,430
74$6,883,403$1,527,509$871,118$5,847,867
75$7,534,741$1,551,588$849,532$6,370,232
76$8,250,917$1,575,249$825,623$6,944,289
77$9,038,494$1,598,419$799,265$7,575,287
78$9,904,701$1,621,022$770,321$8,269,010
79$10,857,507$1,642,979$738,653$9,031,835
80$11,905,688$1,664,200$704,113$9,870,786
81$13,058,917$1,684,594$666,549$10,793,609
82$14,327,848$1,704,061$625,801$11,808,834
83$15,724,223$1,722,495$581,700$12,925,867
84$17,260,980$1,739,783$534,072$14,155,072
85$18,952,371$1,755,803$482,735$15,507,870
86$20,814,103$1,770,428$427,497$16,996,850
87$22,863,483$1,783,521$368,160$18,635,882
88$25,119,579$1,794,934$304,514$20,440,256
89$27,603,404$1,804,513$236,343$22,426,819
90$30,338,110$1,812,093$163,419$24,614,140
91$33,349,209$1,817,498$85,506$27,022,681
92$36,664,814$1,820,541$2,356$29,674,995
93$40,315,902$1,821,024$0$32,595,934
94$44,336,605$1,818,736$0$35,829,477
95$48,764,537$1,813,452$0$39,390,781
96$53,641,145$1,804,937$0$43,312,712
97$59,012,099$1,792,936$0$47,631,987
98$64,927,727$1,777,184$0$52,389,066
99$71,443,486$1,757,396$0$57,628,534
100$78,620,485$1,733,272$0$63,399,525