Can I retire at age 51 with 945,000?

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 $945,000?

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$78,037$77,342$76,664$76,002$75,356$74,631
2 years$38,632$37,913$37,215$36,539$35,884$35,153
3 years$25,499$24,776$24,081$23,411$22,766$22,053
4 years$18,934$18,213$17,525$16,866$16,237$15,547
5 years$14,996$14,279$13,600$12,955$12,343$11,678
6 years$12,371$11,660$10,991$10,360$9,767$9,127
7 years$10,497$9,792$9,133$8,518$7,943$7,329
8 years$9,092$8,394$7,746$7,145$6,589$6,002
9 years$8,000$7,308$6,671$6,086$5,549$4,987
10 years$7,127$6,442$5,816$5,246$4,728$4,191
11 years$6,413$5,735$5,121$4,566$4,066$3,555
12 years$5,818$5,147$4,544$4,005$3,524$3,037
13 years$5,316$4,652$4,060$3,536$3,073$2,609
14 years$4,885$4,228$3,648$3,139$2,694$2,253
15 years$4,513$3,863$3,294$2,799$2,372$1,954
16 years$4,187$3,544$2,986$2,506$2,096$1,700
17 years$3,900$3,264$2,717$2,252$1,859$1,484
18 years$3,645$3,016$2,481$2,029$1,653$1,299
19 years$3,417$2,795$2,271$1,834$1,473$1,139
20 years$3,212$2,597$2,084$1,661$1,316$1,000
21 years$3,027$2,419$1,917$1,507$1,177$880
22 years$2,859$2,258$1,767$1,370$1,055$776
23 years$2,705$2,112$1,631$1,248$947$684
24 years$2,565$1,979$1,509$1,138$852$605
25 years$2,436$1,857$1,397$1,040$766$534
26 years$2,318$1,745$1,296$951$690$473
27 years$2,208$1,643$1,203$870$622$419
28 years$2,106$1,548$1,119$797$561$371
29 years$2,012$1,460$1,041$731$507$329
30 years$1,924$1,379$970$671$458$292
31 years$1,841$1,304$904$616$414$259
32 years$1,764$1,233$843$566$375$230
33 years$1,692$1,168$788$521$339$204
34 years$1,625$1,107$736$479$307$181
35 years$1,561$1,050$688$441$278$161
36 years$1,501$997$644$406$252$143
37 years$1,444$947$602$374$228$127
38 years$1,391$900$564$345$207$113
39 years$1,340$855$529$318$188$101
40 years$1,292$814$495$293$170$90
41 years$1,246$775$464$271$154$80
42 years$1,203$738$436$250$140$71
43 years$1,162$703$409$231$127$63
44 years$1,123$670$384$213$115$56
45 years$1,085$639$360$197$105$50
46 years$1,050$610$338$182$95$44
47 years$1,016$582$318$168$86$40
48 years$983$555$299$155$78$35
49 years$952$530$281$143$71$31
50 years$923$507$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 $945,000, adding $4,583 every year, while hoping to spend $56,293 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: 44/43/13 Blend
50$945,000$945,000$945,000$945,000
51$1,046,117$996,032$981,385$1,088,043
52$1,092,926$984,943$954,366$1,106,651
53$1,142,622$971,423$924,555$1,120,777
54$1,195,442$955,294$891,800$1,134,849
55$1,251,641$936,368$855,939$1,148,885
56$1,311,502$914,444$816,807$1,162,909
57$1,375,334$889,310$774,228$1,176,951
58$1,443,472$860,740$728,019$1,191,050
59$1,516,288$828,499$677,990$1,205,252
60$1,594,188$792,333$623,941$1,219,614
61$1,677,615$751,977$565,662$1,234,203
62$1,767,057$707,150$502,938$1,249,099
63$1,863,050$657,553$435,539$1,264,398
64$1,966,181$602,873$363,229$1,280,211
65$2,077,093$542,775$285,759$1,296,666
66$2,196,494$476,910$202,870$1,313,913
67$2,325,163$404,904$114,292$1,332,126
68$2,463,951$326,366$19,742$1,351,503
69$2,613,796$240,880$0$1,372,273
70$2,775,729$148,009$0$1,405,954
71$2,950,882$47,290$0$1,445,239
72$3,140,500$0$0$1,487,772
73$3,345,950$0$0$1,563,207
74$3,568,738$0$0$1,669,368
75$3,810,517$0$0$1,784,679
76$4,073,107$0$0$1,910,021
77$4,358,510$0$0$2,046,361
78$4,668,928$0$0$2,194,766
79$5,006,782$0$0$2,356,408
80$5,374,739$0$0$2,532,577
81$5,775,730$0$0$2,724,694
82$6,212,986$0$0$2,934,322
83$6,690,057$0$0$3,163,180
84$7,210,855$0$0$3,413,162
85$7,779,685$0$0$3,686,354
86$8,401,284$0$0$3,985,051
87$9,080,872$0$0$4,311,780
88$9,824,190$0$0$4,669,323
89$10,637,565$0$0$5,060,744
90$11,527,961$0$0$5,489,417
91$12,503,046$0$0$5,959,058
92$13,571,265$0$0$6,473,758
93$14,741,919$0$0$7,038,024
94$16,025,251$0$0$7,656,820
95$17,432,542$0$0$8,335,612
96$18,976,218$0$0$9,080,422
97$20,669,963$0$0$9,897,881
98$22,528,852$0$0$10,795,295
99$24,569,491$0$0$11,780,712
100$26,810,170$0$0$12,862,998