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%14.9%
1 years$77,789$77,097$76,421$75,761$75,116$73,600
2 years$38,510$37,792$37,097$36,423$35,770$34,248
3 years$25,418$24,698$24,004$23,337$22,694$21,215
4 years$18,874$18,155$17,469$16,813$16,185$14,761
5 years$14,948$14,234$13,557$12,914$12,304$10,938
6 years$12,332$11,623$10,956$10,327$9,736$8,429
7 years$10,464$9,761$9,104$8,491$7,918$6,671
8 years$9,063$8,367$7,721$7,123$6,568$5,381
9 years$7,975$7,285$6,650$6,067$5,532$4,403
10 years$7,104$6,421$5,798$5,230$4,713$3,643
11 years$6,393$5,717$5,104$4,551$4,054$3,039
12 years$5,800$5,131$4,530$3,992$3,513$2,553
13 years$5,299$4,637$4,047$3,525$3,063$2,157
14 years$4,870$4,215$3,636$3,129$2,685$1,831
15 years$4,498$3,850$3,283$2,790$2,364$1,560
16 years$4,173$3,533$2,977$2,498$2,089$1,333
17 years$3,887$3,253$2,709$2,245$1,853$1,142
18 years$3,633$3,006$2,473$2,023$1,647$981
19 years$3,406$2,786$2,264$1,828$1,468$844
20 years$3,202$2,589$2,077$1,656$1,312$727
21 years$3,017$2,412$1,911$1,503$1,174$627
22 years$2,850$2,251$1,761$1,366$1,052$542
23 years$2,697$2,105$1,626$1,244$944$469
24 years$2,557$1,973$1,504$1,135$849$406
25 years$2,429$1,851$1,393$1,036$764$351
26 years$2,310$1,740$1,292$948$688$305
27 years$2,201$1,637$1,200$867$620$264
28 years$2,100$1,543$1,115$795$560$229
29 years$2,005$1,456$1,038$729$505$199
30 years$1,918$1,375$967$669$457$173
31 years$1,836$1,299$901$614$413$150
32 years$1,759$1,230$841$564$373$130
33 years$1,687$1,164$785$519$338$113
34 years$1,619$1,104$734$478$306$98
35 years$1,556$1,047$686$440$277$86
36 years$1,496$994$642$405$251$74
37 years$1,440$944$600$373$228$65
38 years$1,386$897$562$344$206$56
39 years$1,336$853$527$317$187$49
40 years$1,288$811$494$292$170$43
41 years$1,242$772$463$270$154$37
42 years$1,199$736$434$249$140$32
43 years$1,158$701$408$230$127$28
44 years$1,119$668$383$212$115$24
45 years$1,082$637$359$196$104$21
46 years$1,047$608$337$181$95$18
47 years$1,013$580$317$167$86$16
48 years$980$554$298$155$78$14
49 years$949$529$280$143$71$12
50 years$920$505$263$132$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $942,000, adding $3,989 every year, while hoping to spend $57,696 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: 65/13/22 Blend
50$942,000$942,000$942,000$942,000
51$1,042,199$992,273$977,672$1,103,807
52$1,087,115$979,506$949,036$1,132,971
53$1,134,679$964,180$917,506$1,157,937
54$1,185,099$946,108$882,926$1,183,886
55$1,238,606$925,094$845,131$1,210,918
56$1,295,447$900,927$803,946$1,239,144
57$1,355,898$873,387$759,193$1,268,689
58$1,420,256$842,240$710,683$1,299,692
59$1,488,849$807,237$658,218$1,332,309
60$1,562,036$768,116$601,593$1,366,716
61$1,640,211$724,600$540,593$1,403,107
62$1,723,802$676,396$474,993$1,441,699
63$1,813,284$623,193$404,558$1,482,735
64$1,909,172$564,662$329,044$1,526,487
65$2,012,035$500,459$248,195$1,573,254
66$2,122,497$430,215$161,744$1,623,373
67$2,241,240$353,544$69,411$1,677,219
68$2,369,016$270,037$0$1,735,206
69$2,506,649$179,262$0$1,804,635
70$2,655,044$80,763$0$1,897,016
71$2,815,196$0$0$1,996,684
72$2,988,198$0$0$2,108,063
73$3,175,251$0$0$2,241,028
74$3,377,673$0$0$2,384,971
75$3,596,918$0$0$2,540,931
76$3,834,579$0$0$2,710,048
77$4,092,410$0$0$2,893,578
78$4,372,342$0$0$3,092,901
79$4,676,496$0$0$3,309,538
80$5,007,205$0$0$3,545,158
81$5,367,039$0$0$3,801,600
82$5,758,823$0$0$4,080,886
83$6,185,666$0$0$4,385,242
84$6,650,989$0$0$4,717,118
85$7,158,558$0$0$5,079,210
86$7,712,517$0$0$5,474,485
87$8,317,430$0$0$5,906,209
88$8,978,319$0$0$6,377,979
89$9,700,712$0$0$6,893,754
90$10,490,698$0$0$7,457,892
91$11,354,978$0$0$8,075,193
92$12,300,933$0$0$8,750,942
93$13,336,689$0$0$9,490,957
94$14,471,196$0$0$10,301,648
95$15,714,309$0$0$11,190,072
96$17,076,881$0$0$12,164,001
97$18,570,867$0$0$13,231,995
98$20,209,432$0$0$14,403,484
99$22,007,077$0$0$15,688,853
100$23,979,775$0$0$17,099,540