Can I retire at age 51 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$77,707$77,015$76,339$75,680$75,037$72,231
2 years$38,469$37,752$37,058$36,385$35,732$32,937
3 years$25,391$24,672$23,979$23,312$22,670$19,974
4 years$18,854$18,136$17,451$16,795$16,168$13,592
5 years$14,932$14,219$13,542$12,900$12,291$9,841
6 years$12,319$11,611$10,944$10,316$9,725$7,403
7 years$10,453$9,751$9,095$8,482$7,909$5,715
8 years$9,054$8,358$7,713$7,115$6,562$4,492
9 years$7,966$7,277$6,643$6,060$5,526$3,579
10 years$7,097$6,415$5,792$5,224$4,708$2,880
11 years$6,386$5,711$5,099$4,547$4,049$2,336
12 years$5,794$5,125$4,525$3,988$3,509$1,907
13 years$5,293$4,632$4,043$3,521$3,060$1,564
14 years$4,865$4,210$3,633$3,125$2,682$1,287
15 years$4,493$3,846$3,280$2,787$2,362$1,063
16 years$4,169$3,529$2,974$2,496$2,087$880
17 years$3,883$3,250$2,706$2,242$1,851$730
18 years$3,629$3,003$2,470$2,021$1,646$607
19 years$3,402$2,783$2,261$1,826$1,467$505
20 years$3,198$2,586$2,075$1,654$1,310$421
21 years$3,014$2,409$1,909$1,501$1,172$351
22 years$2,847$2,249$1,759$1,365$1,051$293
23 years$2,694$2,103$1,624$1,243$943$245
24 years$2,554$1,971$1,502$1,134$848$205
25 years$2,426$1,849$1,391$1,035$763$171
26 years$2,308$1,738$1,290$947$687$143
27 years$2,199$1,636$1,198$866$620$120
28 years$2,097$1,541$1,114$794$559$100
29 years$2,003$1,454$1,037$728$505$84
30 years$1,915$1,373$966$668$456$70
31 years$1,834$1,298$900$614$412$59
32 years$1,757$1,228$840$564$373$49
33 years$1,685$1,163$784$519$338$41
34 years$1,618$1,102$733$477$306$35
35 years$1,554$1,046$685$439$277$29
36 years$1,495$992$641$404$251$24
37 years$1,438$943$600$373$227$20
38 years$1,385$896$562$344$206$17
39 years$1,334$852$526$317$187$14
40 years$1,286$810$493$292$170$12
41 years$1,241$771$463$270$154$10
42 years$1,198$735$434$249$140$8
43 years$1,157$700$407$230$127$7
44 years$1,118$667$382$212$115$6
45 years$1,081$636$359$196$104$5
46 years$1,045$607$337$181$95$4
47 years$1,012$579$317$167$86$3
48 years$979$553$298$154$78$3
49 years$948$528$280$143$71$2
50 years$919$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 $941,000, adding $4,446 every year, while hoping to spend $23,191 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: 63/26/11 Blend
50$941,000$941,000$941,000$941,000
51$1,041,568$991,695$977,110$1,104,307
52$1,123,133$1,015,613$985,168$1,170,734
53$1,212,240$1,039,926$992,718$1,240,150
54$1,309,635$1,064,628$999,720$1,315,365
55$1,416,136$1,089,714$1,006,130$1,396,942
56$1,532,648$1,115,176$1,011,901$1,485,501
57$1,660,164$1,141,005$1,016,986$1,581,724
58$1,799,779$1,167,193$1,021,333$1,686,363
59$1,952,699$1,193,727$1,024,890$1,800,246
60$2,120,250$1,220,596$1,027,600$1,924,285
61$2,303,896$1,247,786$1,029,405$2,059,484
62$2,505,246$1,275,280$1,030,243$2,206,950
63$2,726,074$1,303,062$1,030,049$2,367,903
64$2,968,333$1,331,111$1,028,755$2,543,685
65$3,234,175$1,359,407$1,026,290$2,735,777
66$3,525,970$1,387,927$1,022,579$2,945,808
67$3,846,327$1,416,644$1,017,544$3,175,576
68$4,198,124$1,445,531$1,011,103$3,427,061
69$4,584,527$1,474,556$1,003,170$3,702,442
70$5,009,026$1,503,687$993,653$4,004,125
71$5,475,466$1,532,886$982,460$4,334,756
72$5,988,081$1,562,116$969,490$4,697,255
73$6,551,538$1,591,332$954,641$5,094,838
74$7,170,977$1,620,489$937,803$5,531,048
75$7,852,060$1,649,537$918,864$6,009,790
76$8,601,029$1,678,423$897,703$6,535,369
77$9,424,755$1,707,087$874,198$7,112,528
78$10,330,814$1,735,468$848,218$7,746,492
79$11,327,550$1,763,499$819,626$8,443,021
80$12,424,158$1,791,108$788,281$9,208,463
81$13,630,767$1,818,218$754,034$10,049,813
82$14,958,540$1,844,745$716,728$10,974,781
83$16,419,775$1,870,601$676,202$11,991,862
84$18,028,023$1,895,691$632,286$13,110,418
85$19,798,215$1,919,914$584,801$14,340,769
86$21,746,803$1,943,161$533,563$15,694,286
87$23,891,917$1,965,315$478,377$17,183,502
88$26,253,531$1,986,254$419,041$18,822,227
89$28,853,656$2,005,845$355,344$20,625,683
90$31,716,544$2,023,947$287,063$22,610,644
91$34,868,922$2,040,411$213,970$24,795,598
92$38,340,237$2,055,076$135,823$27,200,919
93$42,162,938$2,067,772$52,370$29,849,060
94$46,372,783$2,078,318$0$32,764,766
95$51,009,172$2,086,521$0$35,979,616
96$56,115,524$2,092,177$0$39,526,197
97$61,739,682$2,095,067$0$43,431,512
98$67,934,365$2,094,961$0$47,732,100
99$74,757,668$2,091,613$0$52,468,227
100$82,273,610$2,084,761$0$57,684,266