Can I retire at age 51 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$78,120$77,424$76,745$76,082$75,435$72,672
2 years$38,673$37,953$37,255$36,578$35,922$33,168
3 years$25,526$24,803$24,106$23,436$22,790$20,134
4 years$18,954$18,233$17,543$16,884$16,254$13,715
5 years$15,011$14,295$13,614$12,969$12,356$9,940
6 years$12,384$11,673$11,002$10,371$9,777$7,486
7 years$10,508$9,803$9,143$8,527$7,951$5,785
8 years$9,102$8,403$7,754$7,153$6,596$4,553
9 years$8,008$7,316$6,679$6,093$5,555$3,632
10 years$7,134$6,449$5,822$5,252$4,733$2,927
11 years$6,420$5,741$5,126$4,571$4,071$2,377
12 years$5,825$5,153$4,549$4,009$3,528$1,942
13 years$5,321$4,657$4,064$3,539$3,076$1,595
14 years$4,890$4,233$3,652$3,142$2,697$1,315
15 years$4,517$3,867$3,297$2,802$2,374$1,088
16 years$4,191$3,548$2,989$2,509$2,098$902
17 years$3,904$3,267$2,720$2,254$1,861$749
18 years$3,648$3,019$2,483$2,032$1,654$624
19 years$3,420$2,798$2,273$1,836$1,475$520
20 years$3,215$2,600$2,086$1,663$1,317$434
21 years$3,030$2,422$1,919$1,509$1,179$363
22 years$2,862$2,261$1,769$1,372$1,056$303
23 years$2,708$2,114$1,633$1,249$948$254
24 years$2,568$1,981$1,510$1,140$852$212
25 years$2,439$1,859$1,399$1,041$767$178
26 years$2,320$1,747$1,297$952$691$149
27 years$2,210$1,644$1,205$871$623$125
28 years$2,108$1,549$1,120$798$562$105
29 years$2,014$1,462$1,042$732$508$88
30 years$1,926$1,380$971$672$459$74
31 years$1,843$1,305$905$617$415$62
32 years$1,766$1,235$844$567$375$52
33 years$1,694$1,169$788$521$339$44
34 years$1,626$1,108$737$480$307$37
35 years$1,563$1,051$689$442$278$31
36 years$1,502$998$644$407$252$26
37 years$1,446$948$603$375$229$22
38 years$1,392$901$565$345$207$18
39 years$1,341$856$529$318$188$15
40 years$1,293$815$496$294$170$13
41 years$1,248$776$465$271$155$11
42 years$1,204$739$436$250$140$9
43 years$1,163$704$409$231$127$8
44 years$1,124$671$384$213$116$6
45 years$1,087$640$361$197$105$5
46 years$1,051$610$339$182$95$4
47 years$1,017$582$318$168$87$4
48 years$984$556$299$155$79$3
49 years$953$531$281$143$71$3
50 years$924$507$264$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $946,000, adding $5,330 every year, while hoping to spend $27,302 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: 40/41/19 Blend
50$946,000$946,000$946,000$946,000
51$1,047,990$997,852$983,189$1,083,814
52$1,125,836$1,017,698$987,077$1,129,751
53$1,210,707$1,037,601$990,180$1,176,393
54$1,303,291$1,057,535$992,442$1,226,286
55$1,404,345$1,077,473$993,808$1,279,739
56$1,514,702$1,097,383$994,214$1,337,095
57$1,635,280$1,117,233$993,599$1,398,731
58$1,767,088$1,136,987$991,894$1,465,066
59$1,911,239$1,156,607$989,030$1,536,557
60$2,068,956$1,176,051$984,933$1,613,713
61$2,241,587$1,195,275$979,526$1,697,095
62$2,430,617$1,214,232$972,728$1,787,319
63$2,637,680$1,232,869$964,455$1,885,067
64$2,864,577$1,251,133$954,617$1,991,093
65$3,113,289$1,268,965$943,123$2,106,227
66$3,386,001$1,286,300$929,874$2,231,385
67$3,685,117$1,303,072$914,768$2,367,577
68$4,013,285$1,319,209$897,699$2,515,921
69$4,373,424$1,334,634$878,556$2,677,646
70$4,768,746$1,349,265$857,221$2,854,111
71$5,202,793$1,363,013$833,572$3,046,815
72$5,679,462$1,375,785$807,481$3,257,412
73$6,203,050$1,387,482$778,815$3,487,726
74$6,778,290$1,397,996$747,433$3,739,769
75$7,410,393$1,407,216$713,190$4,015,763
76$8,105,103$1,415,020$675,932$4,318,157
77$8,868,748$1,421,280$635,500$4,649,654
78$9,708,297$1,425,859$591,726$5,013,235
79$10,631,431$1,428,614$544,437$5,412,189
80$11,646,611$1,429,390$493,449$5,850,144
81$12,763,158$1,428,023$438,572$6,331,101
82$13,991,344$1,424,340$379,608$6,859,474
83$15,342,484$1,418,156$316,349$7,440,131
84$16,829,048$1,409,276$248,577$8,078,442
85$18,464,773$1,397,492$176,066$8,780,329
86$20,264,795$1,382,585$98,579$9,552,323
87$22,245,792$1,364,320$15,870$10,401,626
88$24,426,142$1,342,451$0$11,336,184
89$26,826,093$1,316,715$0$12,379,432
90$29,467,957$1,286,836$0$13,530,743
91$32,376,316$1,252,519$0$14,797,605
92$35,578,262$1,213,454$0$16,191,824
93$39,103,642$1,169,310$0$17,726,418
94$42,985,347$1,119,740$0$19,415,732
95$47,259,620$1,064,375$0$21,275,585
96$51,966,396$1,002,824$0$23,323,412
97$57,149,682$934,676$0$25,578,432
98$62,857,968$859,494$0$28,061,832
99$69,144,689$776,817$0$30,796,968
100$76,068,724$686,158$0$33,809,584