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%17.1%
1 years$78,120$77,424$76,745$76,082$75,435$73,256
2 years$38,673$37,953$37,255$36,578$35,922$33,743
3 years$25,526$24,803$24,106$23,436$22,790$20,681
4 years$18,954$18,233$17,543$16,884$16,254$14,230
5 years$15,011$14,295$13,614$12,969$12,356$10,423
6 years$12,384$11,673$11,002$10,371$9,777$7,937
7 years$10,508$9,803$9,143$8,527$7,951$6,204
8 years$9,102$8,403$7,754$7,153$6,596$4,940
9 years$8,008$7,316$6,679$6,093$5,555$3,989
10 years$7,134$6,449$5,822$5,252$4,733$3,255
11 years$6,420$5,741$5,126$4,571$4,071$2,678
12 years$5,825$5,153$4,549$4,009$3,528$2,218
13 years$5,321$4,657$4,064$3,539$3,076$1,846
14 years$4,890$4,233$3,652$3,142$2,697$1,543
15 years$4,517$3,867$3,297$2,802$2,374$1,295
16 years$4,191$3,548$2,989$2,509$2,098$1,089
17 years$3,904$3,267$2,720$2,254$1,861$919
18 years$3,648$3,019$2,483$2,032$1,654$776
19 years$3,420$2,798$2,273$1,836$1,475$657
20 years$3,215$2,600$2,086$1,663$1,317$557
21 years$3,030$2,422$1,919$1,509$1,179$472
22 years$2,862$2,261$1,769$1,372$1,056$401
23 years$2,708$2,114$1,633$1,249$948$341
24 years$2,568$1,981$1,510$1,140$852$290
25 years$2,439$1,859$1,399$1,041$767$247
26 years$2,320$1,747$1,297$952$691$210
27 years$2,210$1,644$1,205$871$623$179
28 years$2,108$1,549$1,120$798$562$153
29 years$2,014$1,462$1,042$732$508$130
30 years$1,926$1,380$971$672$459$111
31 years$1,843$1,305$905$617$415$95
32 years$1,766$1,235$844$567$375$81
33 years$1,694$1,169$788$521$339$69
34 years$1,626$1,108$737$480$307$59
35 years$1,563$1,051$689$442$278$50
36 years$1,502$998$644$407$252$43
37 years$1,446$948$603$375$229$37
38 years$1,392$901$565$345$207$31
39 years$1,341$856$529$318$188$27
40 years$1,293$815$496$294$170$23
41 years$1,248$776$465$271$155$19
42 years$1,204$739$436$250$140$17
43 years$1,163$704$409$231$127$14
44 years$1,124$671$384$213$116$12
45 years$1,087$640$361$197$105$10
46 years$1,051$610$339$182$95$9
47 years$1,017$582$318$168$87$8
48 years$984$556$299$155$79$6
49 years$953$531$281$143$71$5
50 years$924$507$264$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $946,000, adding $5,085 every year, while hoping to spend $23,045 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: 61/12/27 Blend
50$946,000$946,000$946,000$946,000
51$1,047,737$997,599$982,936$1,103,766
52$1,130,087$1,021,962$991,345$1,166,833
53$1,220,063$1,046,746$999,263$1,232,706
54$1,318,421$1,071,948$1,006,649$1,304,119
55$1,425,990$1,097,563$1,013,462$1,381,617
56$1,543,682$1,123,585$1,019,654$1,465,802
57$1,672,505$1,150,008$1,025,180$1,557,335
58$1,813,566$1,176,824$1,029,989$1,656,946
59$1,968,085$1,204,023$1,034,029$1,765,439
60$2,137,405$1,231,596$1,037,244$1,883,702
61$2,323,006$1,259,530$1,039,577$2,012,710
62$2,526,517$1,287,811$1,040,968$2,153,541
63$2,749,733$1,316,425$1,041,351$2,307,382
64$2,994,631$1,345,355$1,040,662$2,475,540
65$3,263,387$1,374,581$1,038,828$2,659,457
66$3,558,401$1,404,084$1,035,777$2,860,723
67$3,882,314$1,433,841$1,031,432$3,081,089
68$4,238,037$1,463,825$1,025,711$3,322,486
69$4,628,774$1,494,010$1,018,530$3,587,041
70$5,058,058$1,524,365$1,009,800$3,877,100
71$5,529,779$1,554,858$999,427$4,195,249
72$6,048,223$1,585,453$987,315$4,544,336
73$6,618,113$1,616,111$973,360$4,927,503
74$7,244,649$1,646,790$957,457$5,348,212
75$7,933,565$1,677,444$939,493$5,810,278
76$8,691,173$1,708,023$919,351$6,317,908
77$9,524,432$1,738,475$896,908$6,875,738
78$10,441,006$1,768,743$872,037$7,488,876
79$11,449,340$1,798,763$844,602$8,162,956
80$12,558,741$1,828,470$814,464$8,904,184
81$13,779,459$1,857,792$781,475$9,719,403
82$15,122,792$1,886,652$745,483$10,616,155
83$16,601,187$1,914,968$706,327$11,602,750
84$18,228,358$1,942,651$663,838$12,688,352
85$20,019,417$1,969,608$617,843$13,883,057
86$21,991,014$1,995,735$568,158$15,197,994
87$24,161,497$2,020,926$514,591$16,645,431
88$26,551,083$2,045,064$456,942$18,238,886
89$29,182,047$2,068,026$395,004$19,993,262
90$32,078,937$2,089,680$328,557$21,924,981
91$35,268,799$2,109,885$257,374$24,052,144
92$38,781,438$2,128,491$181,218$26,394,701
93$42,649,696$2,145,338$99,840$28,974,640
94$46,909,762$2,160,256$12,981$31,816,194
95$51,601,513$2,173,064$0$34,946,072
96$56,768,891$2,183,569$0$38,416,674
97$62,460,319$2,191,565$0$42,242,962
98$68,729,154$2,196,834$0$46,457,032
99$75,634,194$2,199,144$0$51,098,379
100$83,240,229$2,198,250$0$56,210,526