Can I retire at age 51 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$77,624$76,933$76,258$75,600$74,957$72,068
2 years$38,428$37,712$37,019$36,346$35,694$32,818
3 years$25,364$24,645$23,953$23,287$22,646$19,873
4 years$18,834$18,117$17,432$16,777$16,151$13,503
5 years$14,916$14,204$13,528$12,886$12,278$9,761
6 years$12,305$11,599$10,933$10,305$9,715$7,331
7 years$10,441$9,740$9,085$8,473$7,901$5,649
8 years$9,044$8,349$7,705$7,108$6,555$4,433
9 years$7,958$7,270$6,636$6,054$5,520$3,525
10 years$7,089$6,408$5,786$5,219$4,703$2,832
11 years$6,379$5,704$5,094$4,542$4,045$2,292
12 years$5,788$5,120$4,520$3,984$3,505$1,867
13 years$5,288$4,627$4,039$3,517$3,057$1,528
14 years$4,859$4,206$3,629$3,122$2,679$1,255
15 years$4,489$3,842$3,276$2,784$2,359$1,034
16 years$4,165$3,525$2,970$2,493$2,085$855
17 years$3,879$3,246$2,703$2,240$1,849$708
18 years$3,625$3,000$2,467$2,019$1,644$587
19 years$3,399$2,780$2,259$1,824$1,465$487
20 years$3,195$2,584$2,073$1,652$1,309$405
21 years$3,011$2,406$1,907$1,499$1,171$337
22 years$2,843$2,246$1,757$1,363$1,050$281
23 years$2,691$2,101$1,623$1,242$942$234
24 years$2,552$1,968$1,501$1,132$847$195
25 years$2,423$1,847$1,390$1,034$762$163
26 years$2,305$1,736$1,289$946$687$136
27 years$2,196$1,634$1,197$865$619$113
28 years$2,095$1,540$1,113$793$559$95
29 years$2,001$1,452$1,036$727$504$79
30 years$1,913$1,372$965$667$456$66
31 years$1,832$1,297$899$613$412$55
32 years$1,755$1,227$839$563$373$46
33 years$1,683$1,162$783$518$337$39
34 years$1,616$1,101$732$477$305$32
35 years$1,553$1,045$684$439$277$27
36 years$1,493$991$640$404$251$23
37 years$1,437$942$599$372$227$19
38 years$1,383$895$561$343$206$16
39 years$1,333$851$526$316$187$13
40 years$1,285$810$493$292$169$11
41 years$1,240$771$462$269$154$9
42 years$1,197$734$433$248$139$8
43 years$1,156$699$407$229$127$6
44 years$1,117$667$382$212$115$5
45 years$1,080$636$358$196$104$4
46 years$1,044$606$337$181$95$4
47 years$1,011$579$316$167$86$3
48 years$978$552$297$154$78$3
49 years$947$528$279$143$71$2
50 years$918$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $940,000, adding $4,013 every year, while hoping to spend $40,601 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: 69/9/22 Blend
50$940,000$940,000$940,000$940,000
51$1,040,019$990,199$975,629$1,105,783
52$1,102,902$995,520$965,114$1,155,599
53$1,170,838$999,741$952,885$1,204,986
54$1,244,300$1,002,764$938,843$1,258,053
55$1,323,808$1,004,488$922,883$1,315,162
56$1,409,931$1,004,803$904,895$1,376,711
57$1,503,299$1,003,593$884,763$1,443,141
58$1,604,601$1,000,735$862,369$1,514,938
59$1,714,596$996,098$837,585$1,592,638
60$1,834,121$989,542$810,279$1,676,834
61$1,964,093$980,922$780,316$1,768,178
62$2,105,524$970,080$747,549$1,867,393
63$2,259,524$956,851$711,829$1,975,274
64$2,427,319$941,060$672,999$2,092,700
65$2,610,255$922,521$630,893$2,220,639
66$2,809,813$901,037$585,341$2,360,161
67$3,027,626$876,400$536,162$2,512,446
68$3,265,489$848,388$483,168$2,678,796
69$3,525,379$816,769$426,164$2,860,649
70$3,809,472$781,295$364,945$3,059,589
71$4,120,164$741,705$299,297$3,277,364
72$4,460,094$697,722$228,997$3,515,905
73$4,832,167$649,053$153,811$3,777,340
74$5,239,581$595,390$73,497$4,064,016
75$5,685,859$536,405$0$4,378,525
76$6,174,881$471,752$0$4,726,589
77$6,710,918$401,068$0$5,127,092
78$7,298,676$323,965$0$5,566,303
79$7,943,338$240,036$0$6,048,124
80$8,650,611$148,850$0$6,576,856
81$9,426,784$49,954$0$7,157,234
82$10,278,781$0$0$7,794,480
83$11,214,231$0$0$8,500,004
84$12,241,539$0$0$9,280,295
85$13,369,960$0$0$10,137,444
86$14,609,694$0$0$11,079,206
87$15,971,975$0$0$12,114,121
88$17,469,179$0$0$13,251,599
89$19,114,942$0$0$14,502,009
90$20,924,286$0$0$15,876,770
91$22,913,761$0$0$17,388,468
92$25,101,601$0$0$19,050,965
93$27,507,895$0$0$20,879,536
94$30,154,779$0$0$22,891,010
95$33,066,639$0$0$25,103,931
96$36,270,345$0$0$27,538,727
97$39,795,502$0$0$30,217,910
98$43,674,732$0$0$33,166,282
99$47,943,975$0$0$36,411,171
100$52,642,836$0$0$39,982,690