Can I retire at age 51 with 948,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.3%
1 years$78,285$77,588$76,907$76,243$75,595$74,868
2 years$38,755$38,033$37,334$36,655$35,998$35,265
3 years$25,580$24,855$24,157$23,485$22,838$22,123
4 years$18,994$18,271$17,580$16,920$16,288$15,596
5 years$15,043$14,325$13,643$12,996$12,382$11,715
6 years$12,410$11,697$11,026$10,393$9,798$9,156
7 years$10,530$9,823$9,162$8,545$7,968$7,352
8 years$9,121$8,420$7,770$7,168$6,610$6,021
9 years$8,025$7,331$6,693$6,106$5,567$5,003
10 years$7,149$6,462$5,835$5,263$4,743$4,205
11 years$6,433$5,753$5,137$4,580$4,079$3,566
12 years$5,837$5,164$4,559$4,018$3,535$3,046
13 years$5,333$4,666$4,073$3,547$3,083$2,618
14 years$4,901$4,242$3,660$3,149$2,702$2,261
15 years$4,527$3,875$3,304$2,808$2,379$1,960
16 years$4,200$3,555$2,996$2,514$2,103$1,706
17 years$3,912$3,274$2,726$2,259$1,864$1,489
18 years$3,656$3,025$2,488$2,036$1,658$1,303
19 years$3,427$2,804$2,278$1,840$1,478$1,142
20 years$3,222$2,606$2,091$1,666$1,320$1,004
21 years$3,036$2,427$1,923$1,512$1,181$883
22 years$2,868$2,265$1,772$1,375$1,059$778
23 years$2,714$2,119$1,636$1,252$950$687
24 years$2,573$1,985$1,513$1,142$854$606
25 years$2,444$1,863$1,402$1,043$769$536
26 years$2,325$1,751$1,300$954$692$474
27 years$2,215$1,648$1,207$873$624$420
28 years$2,113$1,553$1,122$800$563$372
29 years$2,018$1,465$1,044$733$509$330
30 years$1,930$1,383$973$673$460$293
31 years$1,847$1,308$907$618$415$260
32 years$1,770$1,237$846$568$376$231
33 years$1,698$1,172$790$522$340$205
34 years$1,630$1,111$738$481$308$182
35 years$1,566$1,053$690$442$279$162
36 years$1,506$1,000$646$407$253$144
37 years$1,449$950$604$375$229$128
38 years$1,395$902$566$346$208$114
39 years$1,344$858$530$319$188$101
40 years$1,296$816$497$294$171$90
41 years$1,250$777$466$272$155$80
42 years$1,207$740$437$251$141$71
43 years$1,166$705$410$231$128$63
44 years$1,126$672$385$214$116$56
45 years$1,089$641$362$197$105$50
46 years$1,053$612$340$182$95$45
47 years$1,019$584$319$168$87$40
48 years$987$557$300$156$79$35
49 years$955$532$282$144$72$31
50 years$926$508$265$133$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $948,000, adding $2,169 every year, while hoping to spend $57,063 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: 41/45/14 Blend
50$948,000$948,000$948,000$948,000
51$1,046,933$996,689$981,995$1,085,444
52$1,093,006$984,813$954,178$1,100,945
53$1,141,865$970,441$923,515$1,111,932
54$1,193,736$953,393$889,853$1,122,585
55$1,248,862$933,474$853,029$1,132,901
56$1,307,512$910,481$812,871$1,142,880
57$1,369,980$884,196$769,204$1,152,526
58$1,436,586$854,389$721,840$1,161,849
59$1,507,681$820,818$670,586$1,170,867
60$1,583,653$783,226$615,238$1,179,602
61$1,664,922$741,341$555,586$1,188,086
62$1,751,953$694,876$491,406$1,196,361
63$1,845,253$643,525$422,469$1,204,480
64$1,945,379$586,969$348,532$1,212,508
65$2,052,944$524,866$269,344$1,220,525
66$2,168,617$456,858$184,640$1,228,626
67$2,293,137$382,565$94,147$1,236,926
68$2,427,313$301,586$0$1,245,559
69$2,572,034$213,498$0$1,255,047
70$2,728,275$117,854$0$1,280,244
71$2,897,111$14,181$0$1,307,334
72$3,079,721$0$0$1,336,614
73$3,277,400$0$0$1,416,958
74$3,491,575$0$0$1,511,716
75$3,723,811$0$0$1,614,571
76$3,975,833$0$0$1,726,300
77$4,249,535$0$0$1,847,757
78$4,547,002$0$0$1,979,882
79$4,870,527$0$0$2,123,709
80$5,222,633$0$0$2,280,375
81$5,606,096$0$0$2,451,133
82$6,023,972$0$0$2,637,360
83$6,479,621$0$0$2,840,574
84$6,976,744$0$0$3,062,442
85$7,519,415$0$0$3,304,803
86$8,112,115$0$0$3,569,679
87$8,759,781$0$0$3,859,298
88$9,467,847$0$0$4,176,112
89$10,242,294$0$0$4,522,821
90$11,089,709$0$0$4,902,397
91$12,017,346$0$0$5,318,115
92$13,033,191$0$0$5,773,580
93$14,146,040$0$0$6,272,763
94$15,365,578$0$0$6,820,035
95$16,702,474$0$0$7,420,215
96$18,168,475$0$0$8,078,605
97$19,776,523$0$0$8,801,049
98$21,540,870$0$0$9,593,984
99$23,477,215$0$0$10,464,497
100$25,602,851$0$0$11,420,398