Can I retire at age 51 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$77,955$77,260$76,583$75,922$75,276$74,552
2 years$38,591$37,873$37,176$36,501$35,846$35,116
3 years$25,472$24,750$24,055$23,386$22,742$22,030
4 years$18,914$18,194$17,506$16,849$16,220$15,530
5 years$14,980$14,264$13,586$12,941$12,330$11,665
6 years$12,358$11,648$10,979$10,349$9,756$9,117
7 years$10,486$9,782$9,124$8,509$7,934$7,321
8 years$9,082$8,385$7,738$7,138$6,582$5,995
9 years$7,992$7,301$6,664$6,080$5,543$4,982
10 years$7,119$6,435$5,810$5,241$4,723$4,187
11 years$6,406$5,729$5,115$4,561$4,062$3,551
12 years$5,812$5,142$4,540$4,001$3,520$3,033
13 years$5,310$4,647$4,056$3,532$3,070$2,607
14 years$4,880$4,224$3,644$3,135$2,691$2,251
15 years$4,508$3,858$3,290$2,796$2,369$1,952
16 years$4,182$3,540$2,983$2,504$2,094$1,699
17 years$3,895$3,260$2,714$2,250$1,857$1,482
18 years$3,641$3,013$2,478$2,027$1,651$1,297
19 years$3,413$2,792$2,268$1,832$1,471$1,137
20 years$3,208$2,595$2,082$1,659$1,314$999
21 years$3,023$2,417$1,915$1,506$1,176$879
22 years$2,856$2,256$1,765$1,369$1,054$775
23 years$2,703$2,110$1,630$1,247$946$684
24 years$2,562$1,977$1,507$1,137$851$604
25 years$2,434$1,855$1,396$1,039$765$534
26 years$2,315$1,744$1,295$950$689$472
27 years$2,206$1,641$1,202$869$622$418
28 years$2,104$1,546$1,118$796$561$371
29 years$2,010$1,459$1,040$730$506$329
30 years$1,922$1,378$969$670$458$291
31 years$1,839$1,302$903$616$414$259
32 years$1,763$1,232$843$566$374$230
33 years$1,691$1,167$787$520$339$204
34 years$1,623$1,106$735$479$307$181
35 years$1,559$1,049$687$441$278$161
36 years$1,499$996$643$406$252$143
37 years$1,443$946$602$374$228$127
38 years$1,389$899$564$345$207$113
39 years$1,339$855$528$318$188$101
40 years$1,291$813$495$293$170$89
41 years$1,245$774$464$270$154$80
42 years$1,202$737$435$250$140$71
43 years$1,161$702$408$230$127$63
44 years$1,122$669$383$213$115$56
45 years$1,084$638$360$196$105$50
46 years$1,049$609$338$181$95$44
47 years$1,015$581$318$168$86$39
48 years$982$555$298$155$78$35
49 years$951$530$281$143$71$31
50 years$922$506$264$132$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $944,000, adding $5,839 every year, while hoping to spend $22,901 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: 64/28/8 Blend
50$944,000$944,000$944,000$944,000
51$1,046,311$996,279$981,647$1,111,240
52$1,128,668$1,020,730$990,166$1,179,693
53$1,218,658$1,045,612$998,202$1,251,197
54$1,317,036$1,070,921$1,005,716$1,328,700
55$1,424,631$1,096,654$1,012,665$1,412,784
56$1,542,358$1,122,805$1,019,005$1,504,089
57$1,671,225$1,149,369$1,024,688$1,603,320
58$1,812,340$1,176,338$1,029,665$1,711,251
59$1,966,924$1,203,704$1,033,884$1,828,739
60$2,136,323$1,231,457$1,037,291$1,956,723
61$2,322,016$1,259,587$1,039,828$2,096,241
62$2,525,635$1,288,080$1,041,436$2,248,434
63$2,748,976$1,316,923$1,042,051$2,414,561
64$2,994,019$1,346,099$1,041,607$2,596,006
65$3,262,942$1,375,591$1,040,034$2,794,295
66$3,558,147$1,405,380$1,037,260$3,011,112
67$3,882,279$1,435,444$1,033,208$3,248,307
68$4,238,249$1,465,759$1,027,799$3,507,922
69$4,629,267$1,496,298$1,020,947$3,792,206
70$5,058,869$1,527,033$1,012,566$4,103,637
71$5,530,949$1,557,933$1,002,562$4,444,944
72$6,049,798$1,588,964$990,839$4,819,135
73$6,620,142$1,620,087$977,297$5,229,526
74$7,247,188$1,651,264$961,829$5,679,768
75$7,936,676$1,682,450$944,324$6,173,886
76$8,694,924$1,713,597$924,666$6,716,315
77$9,528,898$1,744,655$902,734$7,311,941
78$10,446,270$1,775,568$878,401$7,966,149
79$11,455,496$1,806,277$851,533$8,684,875
80$12,565,889$1,836,718$821,992$9,474,656
81$13,787,714$1,866,820$789,633$10,342,700
82$15,132,277$1,896,511$754,302$11,296,948
83$16,612,040$1,925,711$715,842$12,346,151
84$18,240,732$1,954,334$674,086$13,499,953
85$20,033,479$1,982,289$628,861$14,768,983
86$22,006,950$2,009,478$579,984$16,164,952
87$24,179,513$2,035,796$527,267$17,700,768
88$26,571,404$2,061,130$470,511$19,390,655
89$29,204,923$2,085,362$409,510$21,250,289
90$32,104,644$2,108,364$344,047$23,296,945
91$35,297,642$2,129,998$273,897$25,549,661
92$38,813,753$2,150,119$198,824$28,029,417
93$42,685,853$2,168,573$118,582$30,759,334
94$46,950,171$2,185,193$32,915$33,764,894
95$51,646,625$2,199,804$0$37,074,178
96$56,819,204$2,212,218$0$40,723,126
97$62,516,383$2,222,237$0$44,744,172
98$68,791,575$2,229,647$0$49,172,112
99$75,703,639$2,234,224$0$54,048,394
100$83,317,437$2,235,727$0$59,418,692