Can I retire at age 51 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,808$75,132$74,474$73,830$73,203$71,725
2 years$37,529$36,830$36,152$35,495$34,858$33,376
3 years$24,770$24,069$23,393$22,742$22,116$20,675
4 years$18,393$17,693$17,024$16,385$15,773$14,385
5 years$14,567$13,871$13,211$12,585$11,990$10,659
6 years$12,017$11,327$10,677$10,064$9,488$8,214
7 years$10,197$9,512$8,872$8,274$7,716$6,501
8 years$8,832$8,154$7,525$6,941$6,401$5,244
9 years$7,771$7,099$6,481$5,912$5,391$4,291
10 years$6,923$6,258$5,650$5,096$4,593$3,550
11 years$6,230$5,571$4,974$4,435$3,950$2,962
12 years$5,652$5,000$4,415$3,890$3,423$2,488
13 years$5,164$4,519$3,944$3,435$2,985$2,102
14 years$4,746$4,107$3,544$3,049$2,617$1,784
15 years$4,384$3,752$3,200$2,719$2,304$1,520
16 years$4,067$3,443$2,901$2,435$2,036$1,299
17 years$3,788$3,170$2,640$2,188$1,805$1,113
18 years$3,540$2,930$2,410$1,971$1,605$956
19 years$3,319$2,715$2,206$1,781$1,431$822
20 years$3,120$2,523$2,025$1,613$1,278$708
21 years$2,940$2,350$1,862$1,464$1,144$611
22 years$2,777$2,194$1,716$1,331$1,025$528
23 years$2,628$2,052$1,585$1,212$920$457
24 years$2,492$1,922$1,466$1,106$827$395
25 years$2,367$1,804$1,357$1,010$744$342
26 years$2,251$1,696$1,259$923$670$297
27 years$2,145$1,596$1,169$845$604$257
28 years$2,046$1,504$1,087$774$545$223
29 years$1,954$1,418$1,011$710$493$194
30 years$1,869$1,340$942$652$445$168
31 years$1,789$1,266$878$599$402$146
32 years$1,714$1,198$819$550$364$127
33 years$1,644$1,135$765$506$329$110
34 years$1,578$1,076$715$465$298$96
35 years$1,516$1,020$668$428$270$83
36 years$1,458$968$625$395$245$72
37 years$1,403$920$585$364$222$63
38 years$1,351$874$548$335$201$55
39 years$1,302$831$513$309$182$48
40 years$1,255$791$481$285$165$41
41 years$1,211$753$451$263$150$36
42 years$1,169$717$423$243$136$31
43 years$1,129$683$397$224$124$27
44 years$1,091$651$373$207$112$24
45 years$1,054$621$350$191$102$21
46 years$1,020$592$329$176$92$18
47 years$987$565$309$163$84$16
48 years$955$539$290$151$76$14
49 years$925$515$273$139$69$12
50 years$896$492$257$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $918,000, adding $4,565 every year, while hoping to spend $54,651 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: 56/20/24 Blend
50$918,000$918,000$918,000$918,000
51$1,016,345$967,691$953,462$1,066,372
52$1,061,864$956,959$927,255$1,090,422
53$1,110,194$943,871$898,338$1,110,467
54$1,161,564$928,251$866,563$1,131,152
55$1,216,226$909,917$831,774$1,152,555
56$1,274,452$888,675$793,810$1,174,765
57$1,336,545$864,318$752,501$1,197,882
58$1,402,831$836,628$707,669$1,222,020
59$1,473,673$805,376$659,129$1,247,307
60$1,549,464$770,316$606,686$1,273,886
61$1,630,639$731,191$550,140$1,301,923
62$1,717,672$687,728$489,278$1,331,599
63$1,811,085$639,637$423,879$1,363,123
64$1,911,450$586,613$353,713$1,396,724
65$2,019,395$528,333$278,539$1,432,665
66$2,135,608$464,457$198,105$1,471,236
67$2,260,848$394,623$112,149$1,512,764
68$2,395,945$318,450$20,397$1,557,615
69$2,541,814$235,537$0$1,606,197
70$2,699,458$145,457$0$1,678,818
71$2,869,981$47,763$0$1,763,001
72$3,054,595$0$0$1,854,165
73$3,254,635$0$0$1,965,798
74$3,471,564$0$0$2,098,324
75$3,706,997$0$0$2,242,227
76$3,962,706$0$0$2,398,599
77$4,240,642$0$0$2,568,642
78$4,542,950$0$0$2,753,680
79$4,871,990$0$0$2,955,166
80$5,230,361$0$0$3,174,704
81$5,620,921$0$0$3,414,055
82$6,046,816$0$0$3,675,159
83$6,511,507$0$0$3,960,152
84$7,018,807$0$0$4,271,382
85$7,572,909$0$0$4,611,438
86$8,178,433$0$0$4,983,167
87$8,840,462$0$0$5,389,705
88$9,564,595$0$0$5,834,506
89$10,356,995$0$0$6,321,370
90$11,224,450$0$0$6,854,484
91$12,174,433$0$0$7,438,458
92$13,215,174$0$0$8,078,370
93$14,355,738$0$0$8,779,810
94$15,606,106$0$0$9,548,936
95$16,977,274$0$0$10,392,531
96$18,481,351$0$0$11,318,066
97$20,131,673$0$0$12,333,768
98$21,942,934$0$0$13,448,701
99$23,931,314$0$0$14,672,849
100$26,114,640$0$0$16,017,211