Can I retire at age 51 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$75,725$75,050$74,392$73,750$73,123$70,277
2 years$37,488$36,789$36,113$35,457$34,820$31,988
3 years$24,743$24,042$23,367$22,717$22,092$19,361
4 years$18,373$17,674$17,005$16,367$15,756$13,148
5 years$14,551$13,856$13,197$12,571$11,977$9,500
6 years$12,004$11,315$10,665$10,053$9,477$7,131
7 years$10,186$9,502$8,863$8,265$7,708$5,492
8 years$8,823$8,145$7,516$6,934$6,394$4,307
9 years$7,763$7,092$6,474$5,906$5,385$3,423
10 years$6,916$6,251$5,644$5,091$4,588$2,748
11 years$6,223$5,565$4,969$4,431$3,946$2,223
12 years$5,646$4,995$4,410$3,886$3,419$1,809
13 years$5,158$4,514$3,940$3,431$2,982$1,480
14 years$4,741$4,103$3,540$3,046$2,614$1,215
15 years$4,379$3,748$3,196$2,716$2,301$1,000
16 years$4,063$3,439$2,898$2,432$2,034$826
17 years$3,784$3,167$2,637$2,185$1,804$683
18 years$3,537$2,926$2,407$1,969$1,604$566
19 years$3,315$2,712$2,204$1,779$1,429$470
20 years$3,117$2,520$2,022$1,612$1,277$390
21 years$2,937$2,348$1,860$1,463$1,143$325
22 years$2,774$2,191$1,714$1,330$1,024$270
23 years$2,625$2,050$1,583$1,211$919$225
24 years$2,489$1,920$1,464$1,105$826$187
25 years$2,364$1,802$1,356$1,009$744$156
26 years$2,249$1,694$1,258$922$670$130
27 years$2,142$1,594$1,168$844$604$109
28 years$2,044$1,502$1,086$774$545$91
29 years$1,952$1,417$1,010$709$492$76
30 years$1,867$1,338$941$651$445$63
31 years$1,787$1,265$877$598$402$53
32 years$1,712$1,197$818$549$364$44
33 years$1,642$1,134$764$505$329$37
34 years$1,576$1,074$714$465$298$31
35 years$1,515$1,019$668$428$270$26
36 years$1,456$967$625$394$244$21
37 years$1,401$919$585$363$222$18
38 years$1,349$873$547$335$201$15
39 years$1,300$830$513$309$182$12
40 years$1,254$790$481$285$165$10
41 years$1,209$752$451$263$150$9
42 years$1,167$716$423$242$136$7
43 years$1,128$682$397$224$123$6
44 years$1,090$650$372$207$112$5
45 years$1,053$620$350$191$102$4
46 years$1,019$592$328$176$92$4
47 years$986$565$309$163$84$3
48 years$954$539$290$150$76$2
49 years$924$515$273$139$69$2
50 years$895$492$256$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $917,000, adding $3,605 every year, while hoping to spend $46,179 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: 37/39/24 Blend
50$917,000$917,000$917,000$917,000
51$1,014,253$965,652$951,438$1,044,362
52$1,068,572$963,834$934,177$1,064,916
53$1,126,885$960,380$914,790$1,082,571
54$1,189,549$955,161$893,157$1,100,724
55$1,256,958$948,039$869,153$1,119,448
56$1,329,544$938,869$842,646$1,138,828
57$1,407,781$927,498$813,499$1,158,961
58$1,492,192$913,762$781,568$1,179,956
59$1,583,348$897,489$746,703$1,201,939
60$1,681,879$878,495$708,747$1,225,054
61$1,788,476$856,587$667,536$1,249,462
62$1,903,901$831,560$622,898$1,275,347
63$2,028,988$803,196$574,655$1,302,917
64$2,164,657$771,265$522,618$1,332,406
65$2,311,919$735,524$466,593$1,364,077
66$2,471,886$695,715$406,374$1,398,230
67$2,645,779$651,566$341,749$1,435,197
68$2,834,946$602,790$272,495$1,475,355
69$3,040,865$549,081$198,378$1,519,124
70$3,265,165$490,119$119,156$1,566,978
71$3,509,640$425,562$34,575$1,619,446
72$3,776,261$355,052$0$1,677,118
73$4,067,199$278,209$0$1,754,918
74$4,384,844$194,633$0$1,849,699
75$4,731,828$103,899$0$1,953,497
76$5,111,044$5,560$0$2,067,309
77$5,525,683$0$0$2,192,242
78$5,979,255$0$0$2,372,804
79$6,475,624$0$0$2,573,141
80$7,019,047$0$0$2,792,598
81$7,614,211$0$0$3,033,086
82$8,266,278$0$0$3,296,706
83$8,980,930$0$0$3,585,775
84$9,764,429$0$0$3,902,841
85$10,623,670$0$0$4,250,715
86$11,566,246$0$0$4,632,490
87$12,600,522$0$0$5,051,574
88$13,735,712$0$0$5,511,723
89$14,981,964$0$0$6,017,070
90$16,350,458$0$0$6,572,172
91$17,853,508$0$0$7,182,047
92$19,504,682$0$0$7,852,224
93$21,318,925$0$0$8,588,794
94$23,312,700$0$0$9,398,466
95$25,504,146$0$0$10,288,634
96$27,913,247$0$0$11,267,443
97$30,562,018$0$0$12,343,865
98$33,474,715$0$0$13,527,786
99$36,678,060$0$0$14,830,101
100$40,201,499$0$0$16,262,810