Can I retire at age 51 with 942,000?

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 $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%12.7%
1 years$77,789$77,097$76,421$75,761$75,116$74,270
2 years$38,510$37,792$37,097$36,423$35,770$34,918
3 years$25,418$24,698$24,004$23,337$22,694$21,863
4 years$18,874$18,155$17,469$16,813$16,185$15,381
5 years$14,948$14,234$13,557$12,914$12,304$11,529
6 years$12,332$11,623$10,956$10,327$9,736$8,992
7 years$10,464$9,761$9,104$8,491$7,918$7,204
8 years$9,063$8,367$7,721$7,123$6,568$5,886
9 years$7,975$7,285$6,650$6,067$5,532$4,880
10 years$7,104$6,421$5,798$5,230$4,713$4,091
11 years$6,393$5,717$5,104$4,551$4,054$3,461
12 years$5,800$5,131$4,530$3,992$3,513$2,949
13 years$5,299$4,637$4,047$3,525$3,063$2,528
14 years$4,870$4,215$3,636$3,129$2,685$2,177
15 years$4,498$3,850$3,283$2,790$2,364$1,883
16 years$4,173$3,533$2,977$2,498$2,089$1,634
17 years$3,887$3,253$2,709$2,245$1,853$1,422
18 years$3,633$3,006$2,473$2,023$1,647$1,241
19 years$3,406$2,786$2,264$1,828$1,468$1,085
20 years$3,202$2,589$2,077$1,656$1,312$950
21 years$3,017$2,412$1,911$1,503$1,174$834
22 years$2,850$2,251$1,761$1,366$1,052$732
23 years$2,697$2,105$1,626$1,244$944$644
24 years$2,557$1,973$1,504$1,135$849$567
25 years$2,429$1,851$1,393$1,036$764$500
26 years$2,310$1,740$1,292$948$688$441
27 years$2,201$1,637$1,200$867$620$389
28 years$2,100$1,543$1,115$795$560$344
29 years$2,005$1,456$1,038$729$505$304
30 years$1,918$1,375$967$669$457$269
31 years$1,836$1,299$901$614$413$238
32 years$1,759$1,230$841$564$373$210
33 years$1,687$1,164$785$519$338$186
34 years$1,619$1,104$734$478$306$165
35 years$1,556$1,047$686$440$277$146
36 years$1,496$994$642$405$251$129
37 years$1,440$944$600$373$228$114
38 years$1,386$897$562$344$206$101
39 years$1,336$853$527$317$187$90
40 years$1,288$811$494$292$170$80
41 years$1,242$772$463$270$154$71
42 years$1,199$736$434$249$140$63
43 years$1,158$701$408$230$127$56
44 years$1,119$668$383$212$115$49
45 years$1,082$637$359$196$104$44
46 years$1,047$608$337$181$95$39
47 years$1,013$580$317$167$86$34
48 years$980$554$298$155$78$30
49 years$949$529$280$143$71$27
50 years$920$505$263$132$65$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $942,000, adding $2,217 every year, while hoping to spend $34,076 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: 47/39/14 Blend
50$942,000$942,000$942,000$942,000
51$1,040,371$990,445$975,844$1,085,081
52$1,110,232$1,002,720$972,278$1,128,536
53$1,186,077$1,014,455$967,451$1,172,004
54$1,268,480$1,025,586$961,283$1,218,430
55$1,358,073$1,036,048$953,695$1,268,103
56$1,455,551$1,045,769$944,598$1,321,341
57$1,561,679$1,054,673$933,904$1,378,497
58$1,677,299$1,062,680$921,518$1,439,961
59$1,803,336$1,069,704$907,341$1,506,161
60$1,940,809$1,075,653$891,270$1,577,574
61$2,090,841$1,080,430$873,197$1,654,726
62$2,254,667$1,083,931$853,009$1,738,198
63$2,433,646$1,086,046$830,588$1,828,631
64$2,629,274$1,086,658$805,809$1,926,735
65$2,843,199$1,085,644$778,542$2,033,294
66$3,077,235$1,082,870$748,653$2,149,174
67$3,333,379$1,078,197$716,000$2,275,332
68$3,613,832$1,071,477$680,434$2,412,825
69$3,921,016$1,062,552$641,801$2,562,821
70$4,257,597$1,051,254$599,939$2,726,609
71$4,626,513$1,037,407$554,678$2,905,615
72$5,031,000$1,020,823$505,842$3,101,412
73$5,474,621$1,001,302$453,247$3,315,737
74$5,961,301$978,634$396,699$3,550,510
75$6,495,362$952,596$335,998$3,807,848
76$7,081,567$922,952$270,932$4,090,092
77$7,725,161$889,451$201,282$4,399,824
78$8,431,922$851,828$126,819$4,739,896
79$9,208,214$809,804$47,304$5,113,455
80$10,061,050$763,082$0$5,523,975
81$10,998,153$711,349$0$5,980,901
82$12,028,033$654,273$0$6,490,763
83$13,160,065$591,505$0$7,051,197
84$14,404,577$522,675$0$7,667,403
85$15,772,949$447,390$0$8,345,113
86$17,277,716$365,239$0$9,090,651
87$18,932,691$275,784$0$9,910,992
88$20,753,091$178,563$0$10,813,830
89$22,755,685$73,091$0$11,807,649
90$24,958,945$0$0$12,901,807
91$27,383,227$0$0$14,124,283
92$30,050,956$0$0$15,504,162
93$32,986,846$0$0$17,022,873
94$36,218,123$0$0$18,694,517
95$39,774,789$0$0$20,534,631
96$43,689,900$0$0$22,560,335
97$47,999,883$0$0$24,790,492
98$52,744,873$0$0$27,245,889
99$57,969,096$0$0$29,949,430
100$63,721,282$0$0$32,926,353