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%15.5%
1 years$77,872$77,178$76,502$75,841$75,196$73,498
2 years$38,551$37,833$37,137$36,462$35,808$34,106
3 years$25,445$24,724$24,030$23,362$22,718$21,065
4 years$18,894$18,175$17,488$16,831$16,203$14,612
5 years$14,964$14,249$13,571$12,928$12,317$10,793
6 years$12,345$11,636$10,967$10,338$9,746$8,291
7 years$10,475$9,772$9,114$8,500$7,926$6,540
8 years$9,073$8,376$7,729$7,130$6,575$5,257
9 years$7,983$7,293$6,657$6,073$5,537$4,286
10 years$7,112$6,428$5,804$5,235$4,718$3,533
11 years$6,399$5,723$5,110$4,556$4,058$2,936
12 years$5,806$5,136$4,535$3,996$3,516$2,457
13 years$5,305$4,642$4,052$3,528$3,066$2,068
14 years$4,875$4,219$3,640$3,132$2,688$1,748
15 years$4,503$3,854$3,287$2,793$2,367$1,483
16 years$4,178$3,536$2,980$2,501$2,092$1,262
17 years$3,891$3,257$2,712$2,247$1,855$1,076
18 years$3,637$3,009$2,475$2,025$1,649$920
19 years$3,409$2,789$2,266$1,830$1,470$788
20 years$3,205$2,592$2,080$1,657$1,313$676
21 years$3,020$2,414$1,913$1,504$1,175$581
22 years$2,853$2,254$1,763$1,368$1,053$499
23 years$2,700$2,108$1,628$1,245$945$430
24 years$2,560$1,975$1,505$1,136$850$370
25 years$2,431$1,853$1,394$1,037$765$319
26 years$2,313$1,742$1,293$949$689$275
27 years$2,203$1,639$1,201$868$621$238
28 years$2,102$1,545$1,116$795$560$205
29 years$2,007$1,457$1,039$729$506$177
30 years$1,920$1,376$968$669$457$153
31 years$1,837$1,301$902$615$413$132
32 years$1,761$1,231$842$565$374$114
33 years$1,689$1,166$786$520$338$99
34 years$1,621$1,105$734$478$306$86
35 years$1,558$1,048$687$440$277$74
36 years$1,498$995$642$405$251$64
37 years$1,441$945$601$373$228$55
38 years$1,388$898$563$344$207$48
39 years$1,337$854$527$317$187$41
40 years$1,289$812$494$293$170$36
41 years$1,244$773$464$270$154$31
42 years$1,201$736$435$249$140$27
43 years$1,160$702$408$230$127$23
44 years$1,120$669$383$212$115$20
45 years$1,083$638$360$196$105$17
46 years$1,048$608$338$181$95$15
47 years$1,014$581$317$167$86$13
48 years$981$554$298$155$78$11
49 years$950$529$280$143$71$10
50 years$921$506$263$132$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $943,000, adding $6,403 every year, while hoping to spend $23,249 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: 36/48/16 Blend
50$943,000$943,000$943,000$943,000
51$1,045,791$995,812$981,195$1,078,114
52$1,127,725$1,019,870$989,328$1,126,134
53$1,217,237$1,044,327$996,955$1,175,272
54$1,315,075$1,069,180$1,004,033$1,227,823
55$1,422,064$1,094,421$1,010,520$1,284,104
56$1,539,110$1,120,043$1,016,368$1,344,464
57$1,667,213$1,146,039$1,021,530$1,409,286
58$1,807,473$1,172,399$1,025,956$1,478,994
59$1,961,101$1,199,112$1,029,590$1,554,054
60$2,129,431$1,226,166$1,032,379$1,634,981
61$2,313,931$1,253,547$1,034,262$1,722,339
62$2,516,221$1,281,239$1,035,179$1,816,754
63$2,738,081$1,309,226$1,035,063$1,918,913
64$2,981,475$1,337,488$1,033,848$2,029,574
65$3,248,565$1,366,004$1,031,461$2,149,572
66$3,541,732$1,394,752$1,027,828$2,279,828
67$3,863,599$1,423,705$1,022,871$2,421,357
68$4,217,056$1,452,836$1,016,507$2,575,278
69$4,605,286$1,482,115$1,008,650$2,742,823
70$5,031,794$1,511,508$999,209$2,925,353
71$5,500,445$1,540,980$988,091$3,124,367
72$6,015,494$1,570,491$975,195$3,341,516
73$6,581,629$1,600,000$960,418$3,578,623
74$7,204,015$1,629,460$943,652$3,837,695
75$7,888,342$1,658,821$924,782$4,120,946
76$8,640,881$1,688,032$903,691$4,430,818
77$9,468,539$1,717,033$880,252$4,770,001
78$10,378,926$1,745,763$854,336$5,141,462
79$11,380,427$1,774,156$825,807$5,548,470
80$12,482,280$1,802,140$794,522$5,994,633
81$13,694,667$1,829,638$760,332$6,483,925
82$15,028,801$1,856,569$723,081$7,020,728
83$16,497,040$1,882,843$682,606$7,609,875
84$18,113,003$1,908,367$638,738$8,256,691
85$19,891,691$1,933,039$591,298$8,967,048
86$21,849,638$1,956,751$540,100$9,747,421
87$24,005,058$1,979,389$484,951$10,604,945
88$26,378,023$2,000,829$425,646$11,547,488
89$28,990,652$2,020,940$361,976$12,583,723
90$31,867,314$2,039,581$293,717$13,723,213
91$35,034,863$2,056,604$220,640$14,976,496
92$38,522,890$2,071,848$142,502$16,355,193
93$42,364,002$2,085,146$59,053$17,872,112
94$46,594,128$2,096,316$0$19,541,374
95$51,252,861$2,105,167$0$21,383,665
96$56,383,827$2,111,495$0$23,422,113
97$62,035,102$2,115,083$0$25,665,589
98$68,259,661$2,115,701$0$28,134,993
99$75,115,880$2,113,104$0$30,853,361
100$82,668,086$2,107,032$0$33,846,081