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%17.5%
1 years$75,725$75,050$74,392$73,750$73,123$70,896
2 years$37,488$36,789$36,113$35,457$34,820$32,596
3 years$24,743$24,042$23,367$22,717$22,092$19,939
4 years$18,373$17,674$17,005$16,367$15,756$13,692
5 years$14,551$13,856$13,197$12,571$11,977$10,008
6 years$12,004$11,315$10,665$10,053$9,477$7,604
7 years$10,186$9,502$8,863$8,265$7,708$5,930
8 years$8,823$8,145$7,516$6,934$6,394$4,711
9 years$7,763$7,092$6,474$5,906$5,385$3,795
10 years$6,916$6,251$5,644$5,091$4,588$3,089
11 years$6,223$5,565$4,969$4,431$3,946$2,535
12 years$5,646$4,995$4,410$3,886$3,419$2,094
13 years$5,158$4,514$3,940$3,431$2,982$1,738
14 years$4,741$4,103$3,540$3,046$2,614$1,449
15 years$4,379$3,748$3,196$2,716$2,301$1,212
16 years$4,063$3,439$2,898$2,432$2,034$1,017
17 years$3,784$3,167$2,637$2,185$1,804$855
18 years$3,537$2,926$2,407$1,969$1,604$720
19 years$3,315$2,712$2,204$1,779$1,429$608
20 years$3,117$2,520$2,022$1,612$1,277$513
21 years$2,937$2,348$1,860$1,463$1,143$434
22 years$2,774$2,191$1,714$1,330$1,024$368
23 years$2,625$2,050$1,583$1,211$919$312
24 years$2,489$1,920$1,464$1,105$826$264
25 years$2,364$1,802$1,356$1,009$744$224
26 years$2,249$1,694$1,258$922$670$190
27 years$2,142$1,594$1,168$844$604$162
28 years$2,044$1,502$1,086$774$545$137
29 years$1,952$1,417$1,010$709$492$117
30 years$1,867$1,338$941$651$445$99
31 years$1,787$1,265$877$598$402$84
32 years$1,712$1,197$818$549$364$72
33 years$1,642$1,134$764$505$329$61
34 years$1,576$1,074$714$465$298$52
35 years$1,515$1,019$668$428$270$44
36 years$1,456$967$625$394$244$37
37 years$1,401$919$585$363$222$32
38 years$1,349$873$547$335$201$27
39 years$1,300$830$513$309$182$23
40 years$1,254$790$481$285$165$20
41 years$1,209$752$451$263$150$17
42 years$1,167$716$423$242$136$14
43 years$1,128$682$397$224$123$12
44 years$1,090$650$372$207$112$10
45 years$1,053$620$350$191$102$9
46 years$1,019$592$328$176$92$7
47 years$986$565$309$163$84$6
48 years$954$539$290$150$76$5
49 years$924$515$273$139$69$5
50 years$895$492$256$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $917,000, adding $2,269 every year, while hoping to spend $32,153 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: 41/39/20 Blend
50$917,000$917,000$917,000$917,000
51$1,012,874$964,273$950,060$1,048,350
52$1,081,977$977,312$947,676$1,086,886
53$1,157,051$989,912$944,135$1,125,301
54$1,238,670$1,002,018$939,364$1,166,220
55$1,327,468$1,013,571$933,287$1,209,888
56$1,424,141$1,024,507$925,823$1,256,578
57$1,529,454$1,034,759$916,889$1,306,591
58$1,644,251$1,044,254$906,397$1,360,260
59$1,769,459$1,052,918$894,256$1,417,953
60$1,906,100$1,060,666$880,369$1,480,080
61$2,055,296$1,067,413$864,636$1,547,092
62$2,218,286$1,073,066$846,951$1,619,488
63$2,396,432$1,077,527$827,205$1,697,821
64$2,591,233$1,080,691$805,281$1,782,700
65$2,804,340$1,082,446$781,059$1,874,804
66$3,037,571$1,082,674$754,413$1,974,877
67$3,292,928$1,081,250$725,210$2,083,746
68$3,572,615$1,078,040$693,314$2,202,324
69$3,879,061$1,072,903$658,578$2,331,621
70$4,214,938$1,065,688$620,854$2,472,751
71$4,583,192$1,056,237$579,982$2,626,948
72$4,987,065$1,044,379$535,799$2,795,573
73$5,430,129$1,029,937$488,132$2,980,133
74$5,916,318$1,012,721$436,800$3,182,289
75$6,449,967$992,528$381,618$3,403,879
76$7,035,849$969,148$322,387$3,646,933
77$7,679,222$942,353$258,904$3,913,691
78$8,385,880$911,905$190,954$4,206,630
79$9,162,203$877,551$118,314$4,528,482
80$10,015,221$839,025$40,751$4,882,268
81$10,952,679$796,043$0$5,271,319
82$11,983,109$748,305$0$5,708,284
83$13,115,910$695,496$0$6,198,121
84$14,361,438$637,281$0$6,736,668
85$15,731,103$573,306$0$7,328,933
86$17,237,475$503,198$0$7,980,443
87$18,894,404$426,560$0$8,697,293
88$20,717,149$342,977$0$9,486,207
89$22,722,522$252,007$0$10,354,600
90$24,929,048$153,185$0$11,310,651
91$27,357,138$46,018$0$12,363,381
92$30,029,282$0$0$13,522,738
93$32,970,258$0$0$14,829,738
94$36,207,370$0$0$16,290,223
95$39,770,703$0$0$17,898,035
96$43,693,406$0$0$19,668,149
97$48,012,008$0$0$21,617,068
98$52,766,756$0$0$23,762,973
99$58,002,000$0$0$26,125,900
100$63,766,609$0$0$28,727,928