Can I retire at age 51 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$77,789$77,097$76,421$75,761$75,116$72,770
2 years$38,510$37,792$37,097$36,423$35,770$33,427
3 years$25,418$24,698$24,004$23,337$22,694$20,428
4 years$18,874$18,155$17,469$16,813$16,185$14,013
5 years$14,948$14,234$13,557$12,914$12,304$10,232
6 years$12,332$11,623$10,956$10,327$9,736$7,766
7 years$10,464$9,761$9,104$8,491$7,918$6,049
8 years$9,063$8,367$7,721$7,123$6,568$4,801
9 years$7,975$7,285$6,650$6,067$5,532$3,862
10 years$7,104$6,421$5,798$5,230$4,713$3,140
11 years$6,393$5,717$5,104$4,551$4,054$2,573
12 years$5,800$5,131$4,530$3,992$3,513$2,123
13 years$5,299$4,637$4,047$3,525$3,063$1,760
14 years$4,870$4,215$3,636$3,129$2,685$1,465
15 years$4,498$3,850$3,283$2,790$2,364$1,224
16 years$4,173$3,533$2,977$2,498$2,089$1,025
17 years$3,887$3,253$2,709$2,245$1,853$861
18 years$3,633$3,006$2,473$2,023$1,647$724
19 years$3,406$2,786$2,264$1,828$1,468$610
20 years$3,202$2,589$2,077$1,656$1,312$515
21 years$3,017$2,412$1,911$1,503$1,174$435
22 years$2,850$2,251$1,761$1,366$1,052$367
23 years$2,697$2,105$1,626$1,244$944$311
24 years$2,557$1,973$1,504$1,135$849$263
25 years$2,429$1,851$1,393$1,036$764$223
26 years$2,310$1,740$1,292$948$688$189
27 years$2,201$1,637$1,200$867$620$160
28 years$2,100$1,543$1,115$795$560$136
29 years$2,005$1,456$1,038$729$505$115
30 years$1,918$1,375$967$669$457$98
31 years$1,836$1,299$901$614$413$83
32 years$1,759$1,230$841$564$373$70
33 years$1,687$1,164$785$519$338$60
34 years$1,619$1,104$734$478$306$51
35 years$1,556$1,047$686$440$277$43
36 years$1,496$994$642$405$251$37
37 years$1,440$944$600$373$228$31
38 years$1,386$897$562$344$206$26
39 years$1,336$853$527$317$187$22
40 years$1,288$811$494$292$170$19
41 years$1,242$772$463$270$154$16
42 years$1,199$736$434$249$140$14
43 years$1,158$701$408$230$127$12
44 years$1,119$668$383$212$115$10
45 years$1,082$637$359$196$104$8
46 years$1,047$608$337$181$95$7
47 years$1,013$580$317$167$86$6
48 years$980$554$298$155$78$5
49 years$949$529$280$143$71$4
50 years$920$505$263$132$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $942,000, adding $3,782 every year, while hoping to spend $36,777 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: 73/8/19 Blend
50$942,000$942,000$942,000$942,000
51$1,041,985$992,059$977,458$1,113,097
52$1,109,137$1,001,540$971,073$1,170,306
53$1,181,906$1,010,252$963,240$1,228,144
54$1,260,826$1,018,120$953,874$1,290,561
55$1,346,484$1,025,062$942,883$1,358,005
56$1,439,527$1,030,991$930,171$1,430,970
57$1,540,665$1,035,815$915,638$1,510,000
58$1,650,679$1,039,437$899,178$1,595,696
59$1,770,430$1,041,751$880,682$1,688,719
60$1,900,864$1,042,647$860,035$1,789,799
61$2,043,022$1,042,007$837,117$1,899,739
62$2,198,052$1,039,707$811,802$2,019,428
63$2,367,213$1,035,613$783,957$2,149,843
64$2,551,896$1,029,584$753,446$2,292,062
65$2,753,627$1,021,472$720,125$2,447,275
66$2,974,091$1,011,117$683,842$2,616,792
67$3,215,139$998,353$644,442$2,802,058
68$3,478,811$983,000$601,759$3,004,668
69$3,767,353$964,870$555,621$3,226,379
70$4,083,238$943,764$505,849$3,469,128
71$4,429,189$919,469$452,256$3,735,052
72$4,808,205$891,762$394,645$4,026,506
73$5,223,588$860,405$332,813$4,346,086
74$5,678,977$825,148$266,545$4,696,657
75$6,178,377$785,724$195,618$5,081,375
76$6,726,200$741,853$119,800$5,503,720
77$7,327,306$693,238$38,847$5,967,530
78$7,987,049$639,564$0$6,477,035
79$8,711,325$580,500$0$7,046,537
80$9,506,629$515,693$0$7,680,571
81$10,380,117$444,774$0$8,376,978
82$11,339,671$367,349$0$9,142,065
83$12,393,973$283,006$0$9,982,782
84$13,552,591$191,306$0$10,906,788
85$14,826,063$91,787$0$11,922,522
86$16,225,998$0$0$13,039,283
87$17,765,189$0$0$14,268,728
88$19,457,727$0$0$15,629,594
89$21,319,140$0$0$17,126,290
90$23,366,533$0$0$18,772,577
91$25,618,756$0$0$20,583,616
92$28,096,573$0$0$22,576,114
93$30,822,866$0$0$24,768,474
94$33,822,845$0$0$27,180,977
95$37,124,287$0$0$29,835,968
96$40,757,799$0$0$32,758,069
97$44,757,104$0$0$35,974,406
98$49,159,362$0$0$39,514,873
99$54,005,516$0$0$43,412,407
100$59,340,683$0$0$47,703,300