Can I retire at age 51 with 945,000?

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 $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%18.1%
1 years$78,037$77,342$76,664$76,002$75,356$72,885
2 years$38,632$37,913$37,215$36,539$35,884$33,418
3 years$25,499$24,776$24,081$23,411$22,766$20,383
4 years$18,934$18,213$17,525$16,866$16,237$13,955
5 years$14,996$14,279$13,600$12,955$12,343$10,168
6 years$12,371$11,660$10,991$10,360$9,767$7,700
7 years$10,497$9,792$9,133$8,518$7,943$5,984
8 years$9,092$8,394$7,746$7,145$6,589$4,738
9 years$8,000$7,308$6,671$6,086$5,549$3,802
10 years$7,127$6,442$5,816$5,246$4,728$3,083
11 years$6,413$5,735$5,121$4,566$4,066$2,521
12 years$5,818$5,147$4,544$4,005$3,524$2,074
13 years$5,316$4,652$4,060$3,536$3,073$1,714
14 years$4,885$4,228$3,648$3,139$2,694$1,423
15 years$4,513$3,863$3,294$2,799$2,372$1,186
16 years$4,187$3,544$2,986$2,506$2,096$990
17 years$3,900$3,264$2,717$2,252$1,859$829
18 years$3,645$3,016$2,481$2,029$1,653$695
19 years$3,417$2,795$2,271$1,834$1,473$584
20 years$3,212$2,597$2,084$1,661$1,316$491
21 years$3,027$2,419$1,917$1,507$1,177$413
22 years$2,859$2,258$1,767$1,370$1,055$348
23 years$2,705$2,112$1,631$1,248$947$294
24 years$2,565$1,979$1,509$1,138$852$248
25 years$2,436$1,857$1,397$1,040$766$209
26 years$2,318$1,745$1,296$951$690$177
27 years$2,208$1,643$1,203$870$622$149
28 years$2,106$1,548$1,119$797$561$126
29 years$2,012$1,460$1,041$731$507$107
30 years$1,924$1,379$970$671$458$90
31 years$1,841$1,304$904$616$414$76
32 years$1,764$1,233$843$566$375$65
33 years$1,692$1,168$788$521$339$55
34 years$1,625$1,107$736$479$307$46
35 years$1,561$1,050$688$441$278$39
36 years$1,501$997$644$406$252$33
37 years$1,444$947$602$374$228$28
38 years$1,391$900$564$345$207$24
39 years$1,340$855$529$318$188$20
40 years$1,292$814$495$293$170$17
41 years$1,246$775$464$271$154$14
42 years$1,203$738$436$250$140$12
43 years$1,162$703$409$231$127$10
44 years$1,123$670$384$213$115$9
45 years$1,085$639$360$197$105$7
46 years$1,050$610$338$182$95$6
47 years$1,016$582$318$168$86$5
48 years$983$555$299$155$78$4
49 years$952$530$281$143$71$4
50 years$923$507$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $945,000, adding $4,019 every year, while hoping to spend $55,413 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: 51/34/15 Blend
50$945,000$945,000$945,000$945,000
51$1,045,536$995,451$980,803$1,094,393
52$1,093,221$985,269$954,701$1,118,166
53$1,143,914$972,731$925,867$1,137,851
54$1,197,861$957,663$894,152$1,158,021
55$1,255,335$939,880$859,398$1,178,738
56$1,316,633$919,188$821,442$1,200,075
57$1,382,080$895,379$780,111$1,222,114
58$1,452,035$868,235$735,227$1,244,950
59$1,526,888$837,524$686,603$1,268,693
60$1,607,068$803,001$634,042$1,293,465
61$1,693,047$764,406$577,340$1,319,406
62$1,785,340$721,464$516,283$1,346,677
63$1,884,515$673,886$450,649$1,375,457
64$1,991,193$621,364$380,203$1,405,952
65$2,106,058$563,574$304,703$1,438,391
66$2,229,860$500,173$223,895$1,473,035
67$2,363,422$430,798$137,512$1,510,176
68$2,507,650$355,066$45,278$1,550,144
69$2,663,540$272,573$0$1,593,310
70$2,832,183$182,891$0$1,648,595
71$3,014,782$85,570$0$1,716,244
72$3,212,659$0$0$1,789,577
73$3,427,265$0$0$1,876,663
74$3,660,199$0$0$2,006,016
75$3,913,218$0$0$2,146,609
76$4,188,255$0$0$2,299,525
77$4,487,436$0$0$2,465,958
78$4,813,101$0$0$2,647,222
79$5,167,824$0$0$2,844,762
80$5,554,438$0$0$3,060,167
81$5,976,061$0$0$3,295,189
82$6,436,124$0$0$3,551,755
83$6,938,405$0$0$3,831,984
84$7,487,060$0$0$4,138,212
85$8,086,668$0$0$4,473,009
86$8,742,268$0$0$4,839,206
87$9,459,408$0$0$5,239,918
88$10,244,197$0$0$5,678,576
89$11,103,362$0$0$6,158,960
90$12,044,312$0$0$6,685,230
91$13,075,203$0$0$7,261,968
92$14,205,019$0$0$7,894,221
93$15,443,656$0$0$8,587,547
94$16,802,010$0$0$9,348,068
95$18,292,083$0$0$10,182,527
96$19,927,097$0$0$11,098,350
97$21,721,612$0$0$12,103,720
98$23,691,669$0$0$13,207,647
99$25,854,937$0$0$14,420,060
100$28,230,881$0$0$15,751,893