Can I retire at age 51 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$78,202$77,506$76,826$76,163$75,515$75,165
2 years$38,714$37,993$37,294$36,617$35,960$35,606
3 years$25,553$24,829$24,132$23,461$22,814$22,469
4 years$18,974$18,252$17,562$16,902$16,271$15,936
5 years$15,027$14,310$13,629$12,982$12,369$12,045
6 years$12,397$11,685$11,014$10,382$9,787$9,475
7 years$10,519$9,813$9,153$8,536$7,960$7,659
8 years$9,111$8,412$7,762$7,160$6,603$6,315
9 years$8,017$7,324$6,686$6,099$5,561$5,284
10 years$7,142$6,456$5,829$5,257$4,738$4,473
11 years$6,427$5,747$5,131$4,576$4,075$3,822
12 years$5,831$5,158$4,554$4,013$3,531$3,289
13 years$5,327$4,661$4,069$3,543$3,079$2,849
14 years$4,896$4,237$3,656$3,145$2,699$2,479
15 years$4,522$3,871$3,301$2,805$2,377$2,167
16 years$4,196$3,551$2,993$2,512$2,101$1,901
17 years$3,908$3,271$2,723$2,257$1,863$1,673
18 years$3,652$3,022$2,486$2,034$1,656$1,477
19 years$3,424$2,801$2,276$1,838$1,476$1,306
20 years$3,219$2,603$2,088$1,664$1,318$1,157
21 years$3,033$2,424$1,921$1,510$1,180$1,028
22 years$2,865$2,263$1,771$1,373$1,058$914
23 years$2,711$2,117$1,635$1,251$949$813
24 years$2,571$1,983$1,512$1,141$853$725
25 years$2,442$1,861$1,400$1,042$768$647
26 years$2,323$1,749$1,299$953$692$578
27 years$2,213$1,646$1,206$872$624$517
28 years$2,111$1,551$1,121$799$563$462
29 years$2,016$1,463$1,043$733$508$414
30 years$1,928$1,382$972$672$459$370
31 years$1,845$1,306$906$617$415$332
32 years$1,768$1,236$845$567$375$298
33 years$1,696$1,171$789$522$340$267
34 years$1,628$1,109$737$480$308$240
35 years$1,564$1,052$689$442$279$215
36 years$1,504$999$645$407$252$193
37 years$1,447$949$604$375$229$173
38 years$1,394$902$565$346$207$156
39 years$1,343$857$530$319$188$140
40 years$1,295$816$496$294$171$126
41 years$1,249$776$465$271$155$113
42 years$1,206$739$437$250$140$102
43 years$1,164$705$410$231$127$91
44 years$1,125$672$385$213$116$82
45 years$1,088$640$361$197$105$74
46 years$1,052$611$339$182$95$66
47 years$1,018$583$319$168$87$60
48 years$985$557$299$155$79$54
49 years$954$531$281$144$71$48
50 years$925$508$265$133$65$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $947,000, adding $5,424 every year, while hoping to spend $23,133 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: 43/49/8 Blend
50$947,000$947,000$947,000$947,000
51$1,049,189$998,998$984,319$1,091,652
52$1,131,593$1,023,335$992,681$1,146,033
53$1,221,627$1,048,090$1,000,547$1,202,125
54$1,320,044$1,073,258$1,007,877$1,262,360
55$1,427,675$1,098,835$1,014,627$1,327,125
56$1,545,434$1,124,813$1,020,753$1,396,846
57$1,674,326$1,151,187$1,026,206$1,471,992
58$1,815,460$1,177,948$1,030,937$1,553,080
59$1,970,056$1,205,086$1,034,892$1,640,679
60$2,139,457$1,232,591$1,038,016$1,735,416
61$2,325,143$1,260,450$1,040,252$1,837,980
62$2,528,745$1,288,648$1,041,537$1,949,131
63$2,752,056$1,317,172$1,041,808$2,069,708
64$2,997,055$1,346,002$1,040,998$2,200,632
65$3,265,919$1,375,121$1,039,035$2,342,920
66$3,561,047$1,404,505$1,035,847$2,497,692
67$3,885,080$1,434,133$1,031,355$2,666,180
68$4,240,931$1,463,978$1,025,478$2,849,745
69$4,631,805$1,494,012$1,018,130$3,049,885
70$5,061,234$1,524,204$1,009,223$3,268,250
71$5,533,111$1,554,520$998,662$3,506,658
72$6,051,721$1,584,924$986,350$3,767,115
73$6,621,787$1,615,377$972,184$4,051,830
74$7,248,513$1,645,834$956,056$4,363,238
75$7,937,632$1,676,250$937,854$4,704,021
76$8,695,458$1,706,574$917,460$5,077,137
77$9,528,950$1,736,752$894,750$5,485,845
78$10,445,776$1,766,725$869,597$5,933,737
79$11,454,380$1,796,430$841,864$6,424,773
80$12,564,072$1,825,800$811,411$6,963,316
81$13,785,104$1,854,761$778,090$7,554,176
82$15,128,775$1,883,235$741,747$8,202,654
83$16,607,536$1,911,138$702,220$8,914,592
84$18,235,101$1,938,381$659,342$9,696,432
85$20,026,587$1,964,868$612,935$10,555,270
86$21,998,647$1,990,494$562,817$11,498,931
87$24,169,632$2,015,151$508,794$12,536,038
88$26,559,761$2,038,720$450,665$13,676,095
89$29,191,316$2,061,076$388,221$14,929,579
90$32,088,846$2,082,086$321,243$16,308,037
91$35,279,405$2,101,605$249,502$17,824,194
92$38,792,803$2,119,481$172,758$19,492,080
93$42,661,886$2,135,553$90,763$21,327,154
94$46,922,850$2,149,647$3,255$23,346,459
95$51,615,581$2,161,580$0$25,568,778
96$56,784,028$2,171,155$0$28,022,506
97$62,476,622$2,178,165$0$30,723,565
98$68,746,730$2,182,387$0$33,696,851
99$75,653,160$2,183,588$0$36,970,110
100$83,260,715$2,181,517$0$40,573,921