Can I retire at age 51 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$77,872$77,178$76,502$75,841$75,196$74,103
2 years$38,551$37,833$37,137$36,462$35,808$34,709
3 years$25,445$24,724$24,030$23,362$22,718$21,647
4 years$18,894$18,175$17,488$16,831$16,203$15,168
5 years$14,964$14,249$13,571$12,928$12,317$11,322
6 years$12,345$11,636$10,967$10,338$9,746$8,792
7 years$10,475$9,772$9,114$8,500$7,926$7,013
8 years$9,073$8,376$7,729$7,130$6,575$5,703
9 years$7,983$7,293$6,657$6,073$5,537$4,706
10 years$7,112$6,428$5,804$5,235$4,718$3,926
11 years$6,399$5,723$5,110$4,556$4,058$3,305
12 years$5,806$5,136$4,535$3,996$3,516$2,802
13 years$5,305$4,642$4,052$3,528$3,066$2,389
14 years$4,875$4,219$3,640$3,132$2,688$2,047
15 years$4,503$3,854$3,287$2,793$2,367$1,760
16 years$4,178$3,536$2,980$2,501$2,092$1,519
17 years$3,891$3,257$2,712$2,247$1,855$1,315
18 years$3,637$3,009$2,475$2,025$1,649$1,141
19 years$3,409$2,789$2,266$1,830$1,470$991
20 years$3,205$2,592$2,080$1,657$1,313$863
21 years$3,020$2,414$1,913$1,504$1,175$753
22 years$2,853$2,254$1,763$1,368$1,053$658
23 years$2,700$2,108$1,628$1,245$945$575
24 years$2,560$1,975$1,505$1,136$850$503
25 years$2,431$1,853$1,394$1,037$765$441
26 years$2,313$1,742$1,293$949$689$386
27 years$2,203$1,639$1,201$868$621$339
28 years$2,102$1,545$1,116$795$560$297
29 years$2,007$1,457$1,039$729$506$261
30 years$1,920$1,376$968$669$457$229
31 years$1,837$1,301$902$615$413$201
32 years$1,761$1,231$842$565$374$177
33 years$1,689$1,166$786$520$338$156
34 years$1,621$1,105$734$478$306$137
35 years$1,558$1,048$687$440$277$120
36 years$1,498$995$642$405$251$106
37 years$1,441$945$601$373$228$93
38 years$1,388$898$563$344$207$82
39 years$1,337$854$527$317$187$72
40 years$1,289$812$494$293$170$64
41 years$1,244$773$464$270$154$56
42 years$1,201$736$435$249$140$49
43 years$1,160$702$408$230$127$43
44 years$1,120$669$383$212$115$38
45 years$1,083$638$360$196$105$34
46 years$1,048$608$338$181$95$30
47 years$1,014$581$317$167$86$26
48 years$981$554$298$155$78$23
49 years$950$529$280$143$71$20
50 years$921$506$263$132$65$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $943,000, adding $6,887 every year, while hoping to spend $52,833 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: 45/27/28 Blend
50$943,000$943,000$943,000$943,000
51$1,046,290$996,311$981,694$1,084,636
52$1,096,798$988,916$958,367$1,105,176
53$1,150,686$979,389$932,488$1,121,833
54$1,208,245$967,567$903,915$1,138,886
55$1,269,791$953,283$872,501$1,156,399
56$1,335,671$936,355$838,091$1,174,450
57$1,406,266$916,593$800,524$1,193,127
58$1,481,994$893,796$759,631$1,212,532
59$1,563,314$867,748$715,234$1,232,779
60$1,650,728$838,223$667,151$1,254,002
61$1,744,789$804,983$615,187$1,276,350
62$1,846,103$767,773$559,142$1,299,995
63$1,955,337$726,325$498,804$1,325,129
64$2,073,222$680,355$433,954$1,351,973
65$2,200,562$629,564$364,363$1,380,773
66$2,338,240$573,634$289,791$1,411,809
67$2,487,229$512,230$209,987$1,445,394
68$2,648,594$444,997$124,689$1,481,883
69$2,823,511$371,562$33,626$1,521,672
70$3,013,268$291,528$0$1,565,208
71$3,219,287$204,478$0$1,631,977
72$3,443,127$109,971$0$1,715,507
73$3,686,506$7,540$0$1,806,460
74$3,951,314$0$0$1,905,633
75$4,239,629$0$0$2,044,602
76$4,553,738$0$0$2,198,547
77$4,896,159$0$0$2,366,475
78$5,269,662$0$0$2,549,757
79$5,677,297$0$0$2,749,903
80$6,122,419$0$0$2,968,577
81$6,608,724$0$0$3,207,608
82$7,140,279$0$0$3,469,012
83$7,721,562$0$0$3,755,008
84$8,357,506$0$0$4,068,038
85$9,053,539$0$0$4,410,792
86$9,815,639$0$0$4,786,233
87$10,650,391$0$0$5,197,624
88$11,565,044$0$0$5,648,558
89$12,567,584$0$0$6,142,991
90$13,666,804$0$0$6,685,283
91$14,872,391$0$0$7,280,232
92$16,195,012$0$0$7,933,128
93$17,646,418$0$0$8,649,794
94$19,239,552$0$0$9,436,646
95$20,988,672$0$0$10,300,751
96$22,909,482$0$0$11,249,893
97$25,019,285$0$0$12,292,650
98$27,337,137$0$0$13,438,469
99$29,884,036$0$0$14,697,759
100$32,683,111$0$0$16,081,986