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%11.6%
1 years$78,202$77,506$76,826$76,163$75,515$75,008
2 years$38,714$37,993$37,294$36,617$35,960$35,448
3 years$25,553$24,829$24,132$23,461$22,814$22,314
4 years$18,974$18,252$17,562$16,902$16,271$15,787
5 years$15,027$14,310$13,629$12,982$12,369$11,901
6 years$12,397$11,685$11,014$10,382$9,787$9,337
7 years$10,519$9,813$9,153$8,536$7,960$7,527
8 years$9,111$8,412$7,762$7,160$6,603$6,188
9 years$8,017$7,324$6,686$6,099$5,561$5,163
10 years$7,142$6,456$5,829$5,257$4,738$4,358
11 years$6,427$5,747$5,131$4,576$4,075$3,712
12 years$5,831$5,158$4,554$4,013$3,531$3,185
13 years$5,327$4,661$4,069$3,543$3,079$2,749
14 years$4,896$4,237$3,656$3,145$2,699$2,385
15 years$4,522$3,871$3,301$2,805$2,377$2,078
16 years$4,196$3,551$2,993$2,512$2,101$1,817
17 years$3,908$3,271$2,723$2,257$1,863$1,593
18 years$3,652$3,022$2,486$2,034$1,656$1,401
19 years$3,424$2,801$2,276$1,838$1,476$1,235
20 years$3,219$2,603$2,088$1,664$1,318$1,090
21 years$3,033$2,424$1,921$1,510$1,180$964
22 years$2,865$2,263$1,771$1,373$1,058$854
23 years$2,711$2,117$1,635$1,251$949$758
24 years$2,571$1,983$1,512$1,141$853$673
25 years$2,442$1,861$1,400$1,042$768$598
26 years$2,323$1,749$1,299$953$692$532
27 years$2,213$1,646$1,206$872$624$474
28 years$2,111$1,551$1,121$799$563$422
29 years$2,016$1,463$1,043$733$508$376
30 years$1,928$1,382$972$672$459$336
31 years$1,845$1,306$906$617$415$300
32 years$1,768$1,236$845$567$375$268
33 years$1,696$1,171$789$522$340$239
34 years$1,628$1,109$737$480$308$214
35 years$1,564$1,052$689$442$279$191
36 years$1,504$999$645$407$252$171
37 years$1,447$949$604$375$229$153
38 years$1,394$902$565$346$207$136
39 years$1,343$857$530$319$188$122
40 years$1,295$816$496$294$171$109
41 years$1,249$776$465$271$155$98
42 years$1,206$739$437$250$140$88
43 years$1,164$705$410$231$127$78
44 years$1,125$672$385$213$116$70
45 years$1,088$640$361$197$105$63
46 years$1,052$611$339$182$95$56
47 years$1,018$583$319$168$87$50
48 years$985$557$299$155$79$45
49 years$954$531$281$144$71$40
50 years$925$508$265$133$65$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $947,000, adding $3,819 every year, while hoping to spend $27,823 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: 39/44/17 Blend
50$947,000$947,000$947,000$947,000
51$1,047,533$997,342$982,664$1,082,927
52$1,124,778$1,016,609$985,980$1,127,849
53$1,208,970$1,035,886$988,474$1,173,432
54$1,300,787$1,055,147$990,090$1,222,131
55$1,400,977$1,074,359$990,768$1,274,244
56$1,510,363$1,093,489$990,445$1,330,098
57$1,629,851$1,112,501$989,056$1,390,053
58$1,760,438$1,131,356$986,531$1,454,508
59$1,903,221$1,150,011$982,799$1,523,904
60$2,059,410$1,168,421$977,783$1,598,725
61$2,230,335$1,186,539$971,403$1,679,506
62$2,417,461$1,204,312$963,578$1,766,840
63$2,622,403$1,221,684$954,218$1,861,379
64$2,846,937$1,238,595$943,233$1,963,843
65$3,093,020$1,254,982$930,528$2,075,027
66$3,362,809$1,270,777$916,001$2,195,808
67$3,658,676$1,285,906$899,548$2,327,155
68$3,983,237$1,300,291$881,059$2,470,135
69$4,339,372$1,313,850$860,419$2,625,929
70$4,730,252$1,326,493$837,507$2,795,838
71$5,159,373$1,338,126$812,199$2,981,297
72$5,630,583$1,348,648$784,361$3,183,892
73$6,148,122$1,357,952$753,857$3,405,371
74$6,716,662$1,365,923$720,543$3,647,664
75$7,341,347$1,372,440$684,267$3,912,900
76$8,027,848$1,377,372$644,873$4,203,427
77$8,782,409$1,380,584$602,197$4,521,838
78$9,611,911$1,381,928$556,066$4,870,993
79$10,523,932$1,381,250$506,301$5,254,045
80$11,526,826$1,378,384$452,715$5,674,475
81$12,629,793$1,373,155$395,111$6,136,123
82$13,842,970$1,365,378$333,286$6,643,224
83$15,177,526$1,354,855$267,025$7,200,449
84$16,645,769$1,341,377$196,105$7,812,953
85$18,261,256$1,324,724$120,293$8,486,420
86$20,038,928$1,304,659$39,347$9,227,119
87$21,995,246$1,280,935$0$10,041,966
88$24,148,348$1,253,287$0$10,947,120
89$26,518,217$1,221,436$0$11,950,632
90$29,126,876$1,185,087$0$13,054,684
91$31,998,587$1,143,926$0$14,269,561
92$35,160,087$1,097,623$0$15,606,599
93$38,640,836$1,045,827$0$17,078,298
94$42,473,296$988,167$0$18,698,438
95$46,693,236$924,251$0$20,482,210
96$51,340,072$853,664$0$22,446,362
97$56,457,234$775,969$0$24,609,359
98$62,092,582$690,702$0$26,991,554
99$68,298,852$597,373$0$29,615,385
100$75,134,156$495,465$0$32,505,590