Can I retire at age 51 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,147$74,478$73,825$73,187$72,565$71,100
2 years$37,201$36,509$35,837$35,186$34,555$33,085
3 years$24,555$23,859$23,189$22,544$21,923$20,495
4 years$18,232$17,539$16,876$16,242$15,636$14,260
5 years$14,440$13,751$13,096$12,475$11,886$10,566
6 years$11,913$11,228$10,584$9,977$9,405$8,143
7 years$10,108$9,430$8,795$8,202$7,649$6,444
8 years$8,755$8,083$7,459$6,881$6,345$5,199
9 years$7,704$7,038$6,424$5,861$5,344$4,254
10 years$6,863$6,203$5,601$5,052$4,553$3,519
11 years$6,175$5,522$4,931$4,397$3,916$2,936
12 years$5,603$4,957$4,376$3,857$3,393$2,467
13 years$5,119$4,479$3,910$3,405$2,959$2,084
14 years$4,704$4,072$3,513$3,022$2,594$1,769
15 years$4,345$3,719$3,172$2,695$2,284$1,507
16 years$4,032$3,413$2,876$2,413$2,019$1,287
17 years$3,755$3,143$2,617$2,168$1,790$1,103
18 years$3,510$2,904$2,389$1,954$1,591$947
19 years$3,290$2,692$2,187$1,766$1,418$815
20 years$3,093$2,501$2,007$1,599$1,267$702
21 years$2,915$2,330$1,846$1,451$1,134$606
22 years$2,753$2,175$1,701$1,320$1,016$524
23 years$2,605$2,034$1,571$1,202$912$453
24 years$2,470$1,906$1,453$1,096$820$392
25 years$2,346$1,788$1,346$1,001$738$339
26 years$2,232$1,681$1,248$915$665$294
27 years$2,126$1,582$1,159$838$599$255
28 years$2,028$1,491$1,077$768$541$221
29 years$1,937$1,406$1,003$704$488$192
30 years$1,852$1,328$934$646$441$167
31 years$1,773$1,255$871$593$399$145
32 years$1,699$1,188$812$545$361$126
33 years$1,630$1,125$758$501$326$109
34 years$1,564$1,066$709$461$296$95
35 years$1,503$1,011$662$425$268$83
36 years$1,445$960$620$391$243$72
37 years$1,391$912$580$360$220$62
38 years$1,339$866$543$332$199$54
39 years$1,290$824$509$306$181$47
40 years$1,244$784$477$283$164$41
41 years$1,200$746$447$261$149$36
42 years$1,159$711$420$241$135$31
43 years$1,119$677$394$222$122$27
44 years$1,081$645$370$205$111$24
45 years$1,045$615$347$189$101$20
46 years$1,011$587$326$175$92$18
47 years$978$560$306$162$83$16
48 years$947$535$288$149$76$13
49 years$917$511$270$138$69$12
50 years$888$488$254$128$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $910,000, adding $5,203 every year, while hoping to spend $34,985 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: 59/27/14 Blend
50$910,000$910,000$910,000$910,000
51$1,008,187$959,957$945,852$1,063,828
52$1,073,798$969,771$940,314$1,111,792
53$1,144,929$978,893$933,418$1,159,717
54$1,222,106$987,253$925,082$1,211,152
55$1,305,908$994,775$915,219$1,266,439
56$1,396,970$1,001,379$903,739$1,325,956
57$1,495,993$1,006,979$890,546$1,390,120
58$1,603,748$1,011,484$875,542$1,459,391
59$1,721,081$1,014,798$858,624$1,534,280
60$1,848,925$1,016,817$839,682$1,615,346
61$1,988,306$1,017,432$818,602$1,703,211
62$2,140,355$1,016,527$795,266$1,798,558
63$2,306,313$1,013,979$769,550$1,902,143
64$2,487,550$1,009,657$741,323$2,014,800
65$2,685,571$1,003,422$710,449$2,137,449
66$2,902,036$995,126$676,785$2,271,108
67$3,138,771$984,614$640,184$2,416,896
68$3,397,785$971,720$600,490$2,576,052
69$3,681,293$956,268$557,540$2,749,943
70$3,991,732$938,072$511,165$2,940,075
71$4,331,787$916,935$461,187$3,148,114
72$4,704,413$892,649$407,421$3,375,896
73$5,112,867$864,993$349,674$3,625,446
74$5,560,734$833,733$287,743$3,899,002
75$6,051,965$798,621$221,417$4,199,029
76$6,590,907$759,396$150,477$4,528,252
77$7,182,354$715,780$74,692$4,889,673
78$7,831,582$667,481$0$5,286,606
79$8,544,405$614,189$0$5,723,631
80$9,327,227$555,577$0$6,215,826
81$10,187,103$491,299$0$6,756,508
82$11,131,803$420,989$0$7,350,628
83$12,169,890$344,261$0$8,003,641
84$13,310,796$260,706$0$8,721,566
85$14,564,910$169,894$0$9,511,034
86$15,943,681$71,368$0$10,379,361
87$17,459,720$0$0$11,334,610
88$19,126,924$0$0$12,396,174
89$20,960,602$0$0$13,587,141
90$22,977,621$0$0$14,897,274
91$25,196,565$0$0$16,338,655
92$27,637,912$0$0$17,924,594
93$30,324,221$0$0$19,669,761
94$33,280,352$0$0$21,590,315
95$36,533,695$0$0$23,704,065
96$40,114,430$0$0$26,030,631
97$44,055,810$0$0$28,591,631
98$48,394,476$0$0$31,410,889
99$53,170,803$0$0$34,514,653
100$58,429,279$0$0$37,931,847