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%13.8%
1 years$78,285$77,588$76,907$76,243$75,595$74,404
2 years$38,755$38,033$37,334$36,655$35,998$34,801
3 years$25,580$24,855$24,157$23,485$22,838$21,673
4 years$18,994$18,271$17,580$16,920$16,288$15,163
5 years$15,043$14,325$13,643$12,996$12,382$11,301
6 years$12,410$11,697$11,026$10,393$9,798$8,761
7 years$10,530$9,823$9,162$8,545$7,968$6,977
8 years$9,121$8,420$7,770$7,168$6,610$5,664
9 years$8,025$7,331$6,693$6,106$5,567$4,665
10 years$7,149$6,462$5,835$5,263$4,743$3,885
11 years$6,433$5,753$5,137$4,580$4,079$3,264
12 years$5,837$5,164$4,559$4,018$3,535$2,762
13 years$5,333$4,666$4,073$3,547$3,083$2,350
14 years$4,901$4,242$3,660$3,149$2,702$2,010
15 years$4,527$3,875$3,304$2,808$2,379$1,725
16 years$4,200$3,555$2,996$2,514$2,103$1,486
17 years$3,912$3,274$2,726$2,259$1,864$1,283
18 years$3,656$3,025$2,488$2,036$1,658$1,110
19 years$3,427$2,804$2,278$1,840$1,478$963
20 years$3,222$2,606$2,091$1,666$1,320$837
21 years$3,036$2,427$1,923$1,512$1,181$728
22 years$2,868$2,265$1,772$1,375$1,059$634
23 years$2,714$2,119$1,636$1,252$950$553
24 years$2,573$1,985$1,513$1,142$854$483
25 years$2,444$1,863$1,402$1,043$769$422
26 years$2,325$1,751$1,300$954$692$369
27 years$2,215$1,648$1,207$873$624$323
28 years$2,113$1,553$1,122$800$563$283
29 years$2,018$1,465$1,044$733$509$248
30 years$1,930$1,383$973$673$460$217
31 years$1,847$1,308$907$618$415$190
32 years$1,770$1,237$846$568$376$167
33 years$1,698$1,172$790$522$340$146
34 years$1,630$1,111$738$481$308$128
35 years$1,566$1,053$690$442$279$113
36 years$1,506$1,000$646$407$253$99
37 years$1,449$950$604$375$229$87
38 years$1,395$902$566$346$208$76
39 years$1,344$858$530$319$188$67
40 years$1,296$816$497$294$171$59
41 years$1,250$777$466$272$155$52
42 years$1,207$740$437$251$141$45
43 years$1,166$705$410$231$128$40
44 years$1,126$672$385$214$116$35
45 years$1,089$641$362$197$105$31
46 years$1,053$612$340$182$95$27
47 years$1,019$584$319$168$87$24
48 years$987$557$300$156$79$21
49 years$955$532$282$144$72$18
50 years$926$508$265$133$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $948,000, adding $5,618 every year, while hoping to spend $56,618 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: 69/15/16 Blend
50$948,000$948,000$948,000$948,000
51$1,050,491$1,000,247$985,553$1,118,651
52$1,097,400$989,018$958,328$1,153,537
53$1,147,196$975,341$928,293$1,184,440
54$1,200,114$959,037$895,295$1,216,819
55$1,256,410$939,914$859,172$1,250,811
56$1,316,367$917,773$819,757$1,286,572
57$1,380,290$892,397$776,873$1,324,272
58$1,448,518$863,563$730,336$1,364,103
59$1,521,419$831,030$679,955$1,406,276
60$1,599,398$794,545$625,528$1,451,025
61$1,682,900$753,841$566,846$1,498,611
62$1,772,410$708,633$503,689$1,549,324
63$1,868,462$658,623$435,830$1,603,485
64$1,971,643$603,493$363,027$1,661,450
65$2,082,595$542,908$285,033$1,723,614
66$2,202,024$476,515$201,586$1,790,416
67$2,330,706$403,940$112,414$1,862,341
68$2,469,491$324,786$17,234$1,939,928
69$2,619,316$238,637$0$2,023,773
70$2,781,208$145,052$0$2,128,937
71$2,956,296$43,565$0$2,245,829
72$3,145,823$0$0$2,372,371
73$3,351,153$0$0$2,520,463
74$3,573,787$0$0$2,688,877
75$3,815,376$0$0$2,871,677
76$4,077,734$0$0$3,070,241
77$4,362,858$0$0$3,286,086
78$4,672,944$0$0$3,520,882
79$5,010,409$0$0$3,776,465
80$5,377,911$0$0$4,054,856
81$5,778,377$0$0$4,358,279
82$6,215,025$0$0$4,689,180
83$6,691,400$0$0$5,050,253
84$7,211,402$0$0$5,444,463
85$7,779,325$0$0$5,875,073
86$8,399,896$0$0$6,345,677
87$9,078,317$0$0$6,860,231
88$9,820,320$0$0$7,423,088
89$10,632,210$0$0$8,039,045
90$11,520,936$0$0$8,713,381
91$12,494,145$0$0$9,451,912
92$13,560,261$0$0$10,261,041
93$14,728,559$0$0$11,147,820
94$16,009,256$0$0$12,120,015
95$17,413,604$0$0$13,186,180
96$18,953,994$0$0$14,355,736
97$20,644,076$0$0$15,639,061
98$22,498,885$0$0$17,047,585
99$24,534,982$0$0$18,593,898
100$26,770,608$0$0$20,291,871