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%12.9%
1 years$75,808$75,132$74,474$73,830$73,203$72,318
2 years$37,529$36,830$36,152$35,495$34,858$33,968
3 years$24,770$24,069$23,393$22,742$22,116$21,247
4 years$18,393$17,693$17,024$16,385$15,773$14,933
5 years$14,567$13,871$13,211$12,585$11,990$11,182
6 years$12,017$11,327$10,677$10,064$9,488$8,711
7 years$10,197$9,512$8,872$8,274$7,716$6,972
8 years$8,832$8,154$7,525$6,941$6,401$5,690
9 years$7,771$7,099$6,481$5,912$5,391$4,711
10 years$6,923$6,258$5,650$5,096$4,593$3,945
11 years$6,230$5,571$4,974$4,435$3,950$3,333
12 years$5,652$5,000$4,415$3,890$3,423$2,837
13 years$5,164$4,519$3,944$3,435$2,985$2,428
14 years$4,746$4,107$3,544$3,049$2,617$2,089
15 years$4,384$3,752$3,200$2,719$2,304$1,804
16 years$4,067$3,443$2,901$2,435$2,036$1,563
17 years$3,788$3,170$2,640$2,188$1,805$1,359
18 years$3,540$2,930$2,410$1,971$1,605$1,184
19 years$3,319$2,715$2,206$1,781$1,431$1,033
20 years$3,120$2,523$2,025$1,613$1,278$904
21 years$2,940$2,350$1,862$1,464$1,144$792
22 years$2,777$2,194$1,716$1,331$1,025$695
23 years$2,628$2,052$1,585$1,212$920$610
24 years$2,492$1,922$1,466$1,106$827$536
25 years$2,367$1,804$1,357$1,010$744$472
26 years$2,251$1,696$1,259$923$670$416
27 years$2,145$1,596$1,169$845$604$366
28 years$2,046$1,504$1,087$774$545$323
29 years$1,954$1,418$1,011$710$493$285
30 years$1,869$1,340$942$652$445$252
31 years$1,789$1,266$878$599$402$222
32 years$1,714$1,198$819$550$364$196
33 years$1,644$1,135$765$506$329$173
34 years$1,578$1,076$715$465$298$153
35 years$1,516$1,020$668$428$270$135
36 years$1,458$968$625$395$245$120
37 years$1,403$920$585$364$222$106
38 years$1,351$874$548$335$201$94
39 years$1,302$831$513$309$182$83
40 years$1,255$791$481$285$165$73
41 years$1,211$753$451$263$150$65
42 years$1,169$717$423$243$136$57
43 years$1,129$683$397$224$124$51
44 years$1,091$651$373$207$112$45
45 years$1,054$621$350$191$102$40
46 years$1,020$592$329$176$92$35
47 years$987$565$309$163$84$31
48 years$955$539$290$151$76$28
49 years$925$515$273$139$69$24
50 years$896$492$257$129$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $918,000, adding $4,145 every year, while hoping to spend $42,834 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: 53/24/23 Blend
50$918,000$918,000$918,000$918,000
51$1,015,912$967,258$953,029$1,063,095
52$1,073,960$969,078$939,380$1,097,878
53$1,136,493$969,552$923,839$1,130,932
54$1,203,923$968,569$906,296$1,166,007
55$1,276,705$966,010$886,638$1,203,311
56$1,355,334$961,750$864,745$1,243,074
57$1,440,358$955,656$840,495$1,285,554
58$1,532,379$947,587$813,755$1,331,035
59$1,632,056$937,393$784,390$1,379,833
60$1,740,116$924,916$752,258$1,432,299
61$1,857,359$909,988$717,210$1,488,822
62$1,984,663$892,430$679,089$1,549,833
63$2,122,994$872,055$637,734$1,615,810
64$2,273,415$848,662$592,975$1,687,285
65$2,437,097$822,039$544,633$1,764,844
66$2,615,326$791,964$492,523$1,849,140
67$2,809,518$758,199$436,451$1,940,893
68$3,021,231$720,493$376,214$2,040,903
69$3,252,181$678,582$311,602$2,150,055
70$3,504,256$632,185$242,393$2,269,329
71$3,779,533$581,005$168,357$2,399,808
72$4,080,301$524,730$89,252$2,542,693
73$4,409,078$463,028$4,828$2,699,313
74$4,768,636$395,549$0$2,871,135
75$5,162,030$321,923$0$3,080,712
76$5,592,619$241,759$0$3,311,539
77$6,064,107$154,646$0$3,564,489
78$6,580,569$60,147$0$3,841,830
79$7,146,494$0$0$4,146,071
80$7,766,828$0$0$4,491,119
81$8,447,014$0$0$4,886,965
82$9,193,051$0$0$5,321,227
83$10,011,542$0$0$5,797,762
84$10,909,766$0$0$6,320,816
85$11,895,735$0$0$6,895,071
86$12,978,278$0$0$7,525,679
87$14,167,119$0$0$8,218,320
88$15,472,972$0$0$8,979,248
89$16,907,637$0$0$9,815,354
90$18,484,115$0$0$10,734,231
91$20,216,728$0$0$11,744,241
92$22,121,256$0$0$12,854,598
93$24,215,082$0$0$14,075,453
94$26,517,359$0$0$15,417,991
95$29,049,186$0$0$16,894,533
96$31,833,811$0$0$18,518,656
97$34,896,850$0$0$20,305,317
98$38,266,522$0$0$22,270,996
99$41,973,921$0$0$24,433,853
100$46,053,308$0$0$26,813,895