Can I retire at age 51 with 918,000?

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 $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%19.7%
1 years$75,808$75,132$74,474$73,830$73,203$70,354
2 years$37,529$36,830$36,152$35,495$34,858$32,023
3 years$24,770$24,069$23,393$22,742$22,116$19,382
4 years$18,393$17,693$17,024$16,385$15,773$13,163
5 years$14,567$13,871$13,211$12,585$11,990$9,510
6 years$12,017$11,327$10,677$10,064$9,488$7,139
7 years$10,197$9,512$8,872$8,274$7,716$5,498
8 years$8,832$8,154$7,525$6,941$6,401$4,312
9 years$7,771$7,099$6,481$5,912$5,391$3,427
10 years$6,923$6,258$5,650$5,096$4,593$2,751
11 years$6,230$5,571$4,974$4,435$3,950$2,225
12 years$5,652$5,000$4,415$3,890$3,423$1,811
13 years$5,164$4,519$3,944$3,435$2,985$1,481
14 years$4,746$4,107$3,544$3,049$2,617$1,216
15 years$4,384$3,752$3,200$2,719$2,304$1,001
16 years$4,067$3,443$2,901$2,435$2,036$827
17 years$3,788$3,170$2,640$2,188$1,805$684
18 years$3,540$2,930$2,410$1,971$1,605$567
19 years$3,319$2,715$2,206$1,781$1,431$470
20 years$3,120$2,523$2,025$1,613$1,278$391
21 years$2,940$2,350$1,862$1,464$1,144$325
22 years$2,777$2,194$1,716$1,331$1,025$270
23 years$2,628$2,052$1,585$1,212$920$225
24 years$2,492$1,922$1,466$1,106$827$188
25 years$2,367$1,804$1,357$1,010$744$156
26 years$2,251$1,696$1,259$923$670$130
27 years$2,145$1,596$1,169$845$604$109
28 years$2,046$1,504$1,087$774$545$91
29 years$1,954$1,418$1,011$710$493$76
30 years$1,869$1,340$942$652$445$63
31 years$1,789$1,266$878$599$402$53
32 years$1,714$1,198$819$550$364$44
33 years$1,644$1,135$765$506$329$37
34 years$1,578$1,076$715$465$298$31
35 years$1,516$1,020$668$428$270$26
36 years$1,458$968$625$395$245$21
37 years$1,403$920$585$364$222$18
38 years$1,351$874$548$335$201$15
39 years$1,302$831$513$309$182$12
40 years$1,255$791$481$285$165$10
41 years$1,211$753$451$263$150$9
42 years$1,169$717$423$243$136$7
43 years$1,129$683$397$224$124$6
44 years$1,091$651$373$207$112$5
45 years$1,054$621$350$191$102$4
46 years$1,020$592$329$176$92$4
47 years$987$565$309$163$84$3
48 years$955$539$290$151$76$2
49 years$925$515$273$139$69$2
50 years$896$492$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $918,000, adding $2,242 every year, while hoping to spend $50,700 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: 35/50/15 Blend
50$918,000$918,000$918,000$918,000
51$1,013,949$965,295$951,066$1,044,665
52$1,063,427$958,650$928,982$1,060,509
53$1,116,253$949,980$904,459$1,072,646
54$1,172,714$939,132$877,362$1,084,648
55$1,233,127$925,945$847,549$1,096,528
56$1,297,836$910,247$814,873$1,108,309
57$1,367,222$891,857$779,178$1,120,017
58$1,441,702$870,580$740,303$1,131,687
59$1,521,731$846,214$698,079$1,143,363
60$1,607,813$818,544$652,330$1,155,096
61$1,700,496$787,339$602,869$1,166,952
62$1,800,387$752,359$549,506$1,179,007
63$1,908,150$713,348$492,038$1,191,352
64$2,024,515$670,036$430,254$1,204,094
65$2,150,283$622,135$363,936$1,217,359
66$2,286,337$569,345$292,852$1,231,293
67$2,433,645$511,344$216,765$1,246,064
68$2,593,273$447,796$135,422$1,261,867
69$2,766,391$378,343$48,564$1,278,928
70$2,954,289$302,607$0$1,297,502
71$3,158,383$220,191$0$1,324,946
72$3,380,231$130,674$0$1,363,286
73$3,621,548$33,610$0$1,405,168
74$3,884,220$0$0$1,451,074
75$4,170,322$0$0$1,540,867
76$4,482,140$0$0$1,659,004
77$4,822,186$0$0$1,787,963
78$5,193,227$0$0$1,928,806
79$5,598,308$0$0$2,082,708
80$6,040,781$0$0$2,250,959
81$6,524,338$0$0$2,434,979
82$7,053,040$0$0$2,636,333
83$7,631,361$0$0$2,856,745
84$8,264,227$0$0$3,098,111
85$8,957,061$0$0$3,362,521
86$9,715,835$0$0$3,652,275
87$10,547,126$0$0$3,969,908
88$11,458,178$0$0$4,318,210
89$12,456,967$0$0$4,700,255
90$13,552,279$0$0$5,119,429
91$14,753,792$0$0$5,579,460
92$16,072,163$0$0$6,084,457
93$17,519,132$0$0$6,638,944
94$19,107,633$0$0$7,247,905
95$20,851,908$0$0$7,916,832
96$22,767,652$0$0$8,651,774
97$24,872,151$0$0$9,459,393
98$27,184,448$0$0$10,347,031
99$29,725,521$0$0$11,322,776
100$32,518,485$0$0$12,395,538