Can I retire at age 51 with 944,000?

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 $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%12.9%
1 years$77,955$77,260$76,583$75,922$75,276$74,366
2 years$38,591$37,873$37,176$36,501$35,846$34,930
3 years$25,472$24,750$24,055$23,386$22,742$21,849
4 years$18,914$18,194$17,506$16,849$16,220$15,356
5 years$14,980$14,264$13,586$12,941$12,330$11,499
6 years$12,358$11,648$10,979$10,349$9,756$8,958
7 years$10,486$9,782$9,124$8,509$7,934$7,169
8 years$9,082$8,385$7,738$7,138$6,582$5,851
9 years$7,992$7,301$6,664$6,080$5,543$4,845
10 years$7,119$6,435$5,810$5,241$4,723$4,057
11 years$6,406$5,729$5,115$4,561$4,062$3,428
12 years$5,812$5,142$4,540$4,001$3,520$2,917
13 years$5,310$4,647$4,056$3,532$3,070$2,497
14 years$4,880$4,224$3,644$3,135$2,691$2,148
15 years$4,508$3,858$3,290$2,796$2,369$1,855
16 years$4,182$3,540$2,983$2,504$2,094$1,607
17 years$3,895$3,260$2,714$2,250$1,857$1,397
18 years$3,641$3,013$2,478$2,027$1,651$1,217
19 years$3,413$2,792$2,268$1,832$1,471$1,063
20 years$3,208$2,595$2,082$1,659$1,314$929
21 years$3,023$2,417$1,915$1,506$1,176$814
22 years$2,856$2,256$1,765$1,369$1,054$714
23 years$2,703$2,110$1,630$1,247$946$627
24 years$2,562$1,977$1,507$1,137$851$552
25 years$2,434$1,855$1,396$1,039$765$485
26 years$2,315$1,744$1,295$950$689$427
27 years$2,206$1,641$1,202$869$622$377
28 years$2,104$1,546$1,118$796$561$332
29 years$2,010$1,459$1,040$730$506$293
30 years$1,922$1,378$969$670$458$259
31 years$1,839$1,302$903$616$414$228
32 years$1,763$1,232$843$566$374$202
33 years$1,691$1,167$787$520$339$178
34 years$1,623$1,106$735$479$307$158
35 years$1,559$1,049$687$441$278$139
36 years$1,499$996$643$406$252$123
37 years$1,443$946$602$374$228$109
38 years$1,389$899$564$345$207$96
39 years$1,339$855$528$318$188$85
40 years$1,291$813$495$293$170$75
41 years$1,245$774$464$270$154$67
42 years$1,202$737$435$250$140$59
43 years$1,161$702$408$230$127$52
44 years$1,122$669$383$213$115$46
45 years$1,084$638$360$196$105$41
46 years$1,049$609$338$181$95$36
47 years$1,015$581$318$168$86$32
48 years$982$555$298$155$78$28
49 years$951$530$281$143$71$25
50 years$922$506$264$132$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $944,000, adding $4,628 every year, while hoping to spend $24,001 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: 56/35/9 Blend
50$944,000$944,000$944,000$944,000
51$1,045,062$995,030$980,398$1,101,076
52$1,126,121$1,018,249$987,704$1,162,647
53$1,214,644$1,041,802$994,451$1,226,614
54$1,311,367$1,065,680$1,000,594$1,295,705
55$1,417,099$1,089,871$1,006,087$1,370,414
56$1,532,734$1,114,365$1,010,881$1,451,281
57$1,659,252$1,139,148$1,014,925$1,538,904
58$1,797,736$1,164,207$1,018,166$1,633,939
59$1,949,377$1,189,524$1,020,545$1,737,111
60$2,115,485$1,215,083$1,022,005$1,849,217
61$2,297,505$1,240,863$1,022,484$1,971,134
62$2,497,028$1,266,842$1,021,914$2,103,832
63$2,715,806$1,292,998$1,020,229$2,248,375
64$2,955,767$1,319,304$1,017,356$2,405,938
65$3,219,037$1,345,732$1,013,219$2,577,816
66$3,507,957$1,372,251$1,007,740$2,765,434
67$3,825,105$1,398,828$1,000,836$2,970,364
68$4,173,321$1,425,426$992,419$3,194,337
69$4,555,734$1,452,006$982,399$3,439,260
70$4,975,790$1,478,526$970,681$3,707,238
71$5,437,287$1,504,939$957,165$4,000,585
72$5,944,405$1,531,196$941,745$4,321,856
73$6,501,754$1,557,245$924,313$4,673,865
74$7,114,410$1,583,026$904,754$5,059,713
75$7,787,965$1,608,480$882,949$5,482,818
76$8,528,581$1,633,539$858,771$5,946,945
77$9,343,047$1,658,133$832,091$6,456,247
78$10,238,841$1,682,185$802,769$7,015,298
79$11,224,205$1,705,614$770,664$7,629,141
80$12,308,218$1,728,333$735,625$8,303,332
81$13,500,883$1,750,248$697,495$9,043,997
82$14,813,222$1,771,259$656,110$9,857,886
83$16,257,380$1,791,261$611,300$10,752,438
84$17,846,739$1,810,138$562,884$11,735,853
85$19,596,041$1,827,771$510,676$12,817,168
86$21,521,535$1,844,028$454,481$14,006,343
87$23,641,119$1,858,774$394,094$15,314,357
88$25,974,520$1,871,860$329,302$16,753,307
89$28,543,470$1,883,130$259,883$18,336,528
90$31,371,919$1,892,419$185,605$20,078,718
91$34,486,256$1,899,548$106,223$21,996,073
92$37,915,559$1,904,331$21,487$24,106,447
93$41,691,869$1,906,567$0$26,429,515
94$45,850,495$1,906,043$0$28,993,583
95$50,430,340$1,902,535$0$31,818,563
96$55,474,278$1,895,802$0$34,928,758
97$61,029,548$1,885,590$0$38,353,228
98$67,148,209$1,871,630$0$42,123,999
99$73,887,622$1,853,636$0$46,276,366
100$81,311,000$1,831,305$0$50,849,228