Can I retire at age 51 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,368$77,669$76,988$76,324$75,675$74,667
2 years$38,796$38,073$37,373$36,694$36,036$35,022
3 years$25,607$24,881$24,183$23,510$22,862$21,875
4 years$19,014$18,290$17,599$16,938$16,306$15,351
5 years$15,059$14,340$13,657$13,010$12,395$11,477
6 years$12,423$11,710$11,037$10,404$9,808$8,926
7 years$10,541$9,834$9,172$8,554$7,977$7,132
8 years$9,131$8,429$7,779$7,176$6,617$5,810
9 years$8,034$7,339$6,700$6,112$5,573$4,803
10 years$7,157$6,469$5,841$5,269$4,748$4,014
11 years$6,440$5,759$5,142$4,585$4,084$3,386
12 years$5,843$5,169$4,564$4,022$3,539$2,876
13 years$5,338$4,671$4,077$3,551$3,086$2,457
14 years$4,906$4,246$3,663$3,152$2,705$2,109
15 years$4,532$3,879$3,308$2,811$2,382$1,818
16 years$4,204$3,559$2,999$2,517$2,105$1,572
17 years$3,916$3,278$2,729$2,261$1,866$1,363
18 years$3,660$3,029$2,491$2,038$1,660$1,185
19 years$3,431$2,807$2,280$1,842$1,479$1,032
20 years$3,225$2,608$2,093$1,668$1,321$901
21 years$3,039$2,430$1,925$1,514$1,182$788
22 years$2,871$2,268$1,774$1,376$1,060$689
23 years$2,717$2,121$1,638$1,253$951$604
24 years$2,576$1,987$1,515$1,143$855$530
25 years$2,447$1,865$1,403$1,044$769$465
26 years$2,327$1,753$1,301$955$693$409
27 years$2,217$1,650$1,209$874$625$359
28 years$2,115$1,554$1,123$801$564$316
29 years$2,020$1,466$1,045$734$509$278
30 years$1,932$1,385$974$674$460$245
31 years$1,849$1,309$908$619$416$216
32 years$1,772$1,239$847$569$376$190
33 years$1,700$1,173$791$523$340$168
34 years$1,632$1,112$739$481$308$148
35 years$1,568$1,055$691$443$279$130
36 years$1,507$1,001$646$408$253$115
37 years$1,450$951$605$376$229$101
38 years$1,397$903$566$346$208$89
39 years$1,346$859$531$319$189$79
40 years$1,297$817$497$295$171$70
41 years$1,252$778$466$272$155$61
42 years$1,208$741$438$251$141$54
43 years$1,167$706$411$232$128$48
44 years$1,128$673$385$214$116$42
45 years$1,090$642$362$197$105$37
46 years$1,054$612$340$182$96$33
47 years$1,020$584$319$169$87$29
48 years$988$558$300$156$79$26
49 years$956$533$282$144$72$23
50 years$927$509$265$133$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $949,000, adding $2,333 every year, while hoping to spend $28,837 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: 53/40/7 Blend
50$949,000$949,000$949,000$949,000
51$1,048,204$997,907$983,198$1,101,883
52$1,124,439$1,016,123$985,453$1,156,729
53$1,207,483$1,034,264$986,817$1,213,016
54$1,298,000$1,052,297$987,229$1,273,556
55$1,396,722$1,070,185$986,627$1,338,756
56$1,504,453$1,087,890$984,944$1,409,065
57$1,622,078$1,105,367$982,111$1,484,977
58$1,750,573$1,122,573$978,054$1,567,037
59$1,891,009$1,139,457$972,697$1,655,846
60$2,044,570$1,155,968$965,960$1,752,067
61$2,212,555$1,172,049$957,758$1,856,428
62$2,396,396$1,187,640$948,004$1,969,736
63$2,597,672$1,202,678$936,606$2,092,879
64$2,818,118$1,217,093$923,465$2,226,834
65$3,059,647$1,230,811$908,483$2,372,680
66$3,324,366$1,243,756$891,552$2,531,609
67$3,614,595$1,255,843$872,562$2,704,931
68$3,932,887$1,266,984$851,397$2,894,093
69$4,282,058$1,277,082$827,935$3,100,691
70$4,665,207$1,286,038$802,050$3,326,482
71$5,085,748$1,293,744$773,609$3,573,408
72$5,547,443$1,300,085$742,472$3,843,605
73$6,054,432$1,304,940$708,496$4,139,433
74$6,611,281$1,308,179$671,527$4,463,492
75$7,223,016$1,309,664$631,408$4,818,648
76$7,895,176$1,309,250$587,972$5,208,064
77$8,633,862$1,306,781$541,047$5,635,224
78$9,445,795$1,302,092$490,451$6,103,974
79$10,338,381$1,295,009$435,996$6,618,550
80$11,319,777$1,285,346$377,483$7,183,627
81$12,398,973$1,272,907$314,707$7,804,355
82$13,585,870$1,257,482$247,452$8,486,418
83$14,891,381$1,238,850$175,494$9,236,077
84$16,327,526$1,216,778$98,597$10,060,239
85$17,907,550$1,191,017$16,517$10,966,519
86$19,646,047$1,161,304$0$11,963,311
87$21,559,097$1,127,360$0$13,065,179
88$23,664,416$1,088,892$0$14,278,681
89$25,981,526$1,045,587$0$15,613,852
90$28,531,936$997,115$0$17,083,117
91$31,339,347$943,127$0$18,700,172
92$34,429,874$883,255$0$20,480,114
93$37,832,294$817,107$0$22,439,588
94$41,578,313$744,270$0$24,596,939
95$45,702,871$664,309$0$26,972,389
96$50,244,466$576,763$0$29,588,232
97$55,245,521$481,143$0$32,469,040
98$60,752,781$376,936$0$35,641,899
99$66,817,756$263,598$0$39,136,667
100$73,497,207$140,554$0$42,986,253