Can I retire at age 51 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$78,285$77,588$76,907$76,243$75,595$72,768
2 years$38,755$38,033$37,334$36,655$35,998$33,182
3 years$25,580$24,855$24,157$23,485$22,838$20,123
4 years$18,994$18,271$17,580$16,920$16,288$13,693
5 years$15,043$14,325$13,643$12,996$12,382$9,914
6 years$12,410$11,697$11,026$10,393$9,798$7,458
7 years$10,530$9,823$9,162$8,545$7,968$5,757
8 years$9,121$8,420$7,770$7,168$6,610$4,526
9 years$8,025$7,331$6,693$6,106$5,567$3,606
10 years$7,149$6,462$5,835$5,263$4,743$2,902
11 years$6,433$5,753$5,137$4,580$4,079$2,354
12 years$5,837$5,164$4,559$4,018$3,535$1,921
13 years$5,333$4,666$4,073$3,547$3,083$1,575
14 years$4,901$4,242$3,660$3,149$2,702$1,297
15 years$4,527$3,875$3,304$2,808$2,379$1,071
16 years$4,200$3,555$2,996$2,514$2,103$887
17 years$3,912$3,274$2,726$2,259$1,864$736
18 years$3,656$3,025$2,488$2,036$1,658$612
19 years$3,427$2,804$2,278$1,840$1,478$509
20 years$3,222$2,606$2,091$1,666$1,320$424
21 years$3,036$2,427$1,923$1,512$1,181$354
22 years$2,868$2,265$1,772$1,375$1,059$295
23 years$2,714$2,119$1,636$1,252$950$247
24 years$2,573$1,985$1,513$1,142$854$206
25 years$2,444$1,863$1,402$1,043$769$172
26 years$2,325$1,751$1,300$954$692$144
27 years$2,215$1,648$1,207$873$624$121
28 years$2,113$1,553$1,122$800$563$101
29 years$2,018$1,465$1,044$733$509$85
30 years$1,930$1,383$973$673$460$71
31 years$1,847$1,308$907$618$415$59
32 years$1,770$1,237$846$568$376$50
33 years$1,698$1,172$790$522$340$42
34 years$1,630$1,111$738$481$308$35
35 years$1,566$1,053$690$442$279$29
36 years$1,506$1,000$646$407$253$25
37 years$1,449$950$604$375$229$21
38 years$1,395$902$566$346$208$17
39 years$1,344$858$530$319$188$14
40 years$1,296$816$497$294$171$12
41 years$1,250$777$466$272$155$10
42 years$1,207$740$437$251$141$8
43 years$1,166$705$410$231$128$7
44 years$1,126$672$385$214$116$6
45 years$1,089$641$362$197$105$5
46 years$1,053$612$340$182$95$4
47 years$1,019$584$319$168$87$4
48 years$987$557$300$156$79$3
49 years$955$532$282$144$72$2
50 years$926$508$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $948,000, adding $3,635 every year, while hoping to spend $22,996 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: 45/36/19 Blend
50$948,000$948,000$948,000$948,000
51$1,048,446$998,202$983,508$1,089,749
52$1,130,919$1,022,646$991,987$1,143,517
53$1,221,035$1,047,517$999,981$1,199,221
54$1,319,547$1,072,812$1,007,447$1,259,147
55$1,427,288$1,098,527$1,014,343$1,323,698
56$1,545,172$1,124,655$1,020,624$1,393,317
57$1,674,207$1,151,192$1,026,243$1,468,491
58$1,815,505$1,178,128$1,031,151$1,549,759
59$1,970,286$1,205,456$1,035,294$1,637,714
60$2,139,898$1,233,166$1,038,619$1,733,008
61$2,325,822$1,261,246$1,041,067$1,836,362
62$2,529,691$1,289,682$1,042,578$1,948,568
63$2,753,304$1,318,461$1,043,089$2,070,499
64$2,998,642$1,347,567$1,042,533$2,203,120
65$3,267,886$1,376,980$1,040,841$2,347,491
66$3,563,439$1,406,680$1,037,938$2,504,783
67$3,887,949$1,436,647$1,033,748$2,676,284
68$4,244,331$1,466,854$1,028,190$2,863,417
69$4,635,799$1,497,276$1,021,180$3,067,746
70$5,065,891$1,527,883$1,012,630$3,290,999
71$5,538,504$1,558,642$1,002,446$3,535,079
72$6,057,936$1,589,519$990,532$3,802,083
73$6,628,916$1,620,476$976,785$4,094,323
74$7,256,658$1,651,472$961,100$4,414,349
75$7,946,904$1,682,462$943,364$4,764,969
76$8,705,983$1,713,397$923,462$5,149,280
77$9,540,866$1,744,226$901,270$5,570,696
78$10,459,233$1,774,892$876,661$6,032,980
79$11,469,547$1,805,334$849,502$6,540,278
80$12,581,132$1,835,487$819,652$7,097,164
81$13,804,263$1,865,281$786,965$7,708,676
82$15,150,258$1,894,640$751,289$8,380,369
83$16,631,591$1,923,484$712,464$9,118,367
84$18,262,004$1,951,725$670,322$9,929,419
85$20,056,640$1,979,271$624,689$10,820,966
86$22,032,183$2,006,022$575,382$11,801,208
87$24,207,020$2,031,871$522,212$12,879,185
88$26,601,408$2,056,705$464,978$14,064,861
89$29,237,670$2,080,401$403,473$15,369,219
90$32,140,402$2,102,831$337,479$16,804,366
91$35,336,709$2,123,855$266,770$18,383,644
92$38,856,455$2,143,326$191,109$20,121,763
93$42,732,551$2,161,086$110,248$22,034,933
94$47,001,259$2,176,968$23,930$24,141,026
95$51,702,541$2,190,792$0$26,459,736
96$56,880,428$2,202,369$0$29,026,596
97$62,583,443$2,211,497$0$31,857,786
98$68,865,054$2,217,960$0$34,974,884
99$75,784,179$2,221,530$0$38,407,021
100$83,405,745$2,221,964$0$42,186,300