Can I retire at age 51 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$75,560$74,887$74,230$73,589$72,963$70,124
2 years$37,406$36,709$36,034$35,379$34,744$31,918
3 years$24,690$23,990$23,316$22,668$22,043$19,319
4 years$18,333$17,635$16,968$16,331$15,721$13,120
5 years$14,519$13,826$13,168$12,544$11,951$9,479
6 years$11,978$11,290$10,642$10,031$9,457$7,115
7 years$10,164$9,481$8,843$8,247$7,691$5,480
8 years$8,803$8,127$7,500$6,918$6,380$4,297
9 years$7,746$7,076$6,460$5,893$5,373$3,415
10 years$6,901$6,237$5,632$5,080$4,578$2,742
11 years$6,209$5,553$4,958$4,421$3,937$2,218
12 years$5,634$4,984$4,400$3,878$3,412$1,805
13 years$5,147$4,504$3,931$3,424$2,975$1,476
14 years$4,730$4,094$3,532$3,039$2,608$1,212
15 years$4,369$3,740$3,189$2,710$2,296$998
16 years$4,054$3,431$2,891$2,427$2,030$824
17 years$3,776$3,160$2,631$2,180$1,800$682
18 years$3,529$2,920$2,402$1,965$1,600$565
19 years$3,308$2,706$2,199$1,776$1,426$469
20 years$3,110$2,515$2,018$1,608$1,274$390
21 years$2,931$2,342$1,856$1,459$1,140$324
22 years$2,768$2,187$1,711$1,327$1,022$270
23 years$2,620$2,045$1,580$1,208$917$224
24 years$2,484$1,916$1,461$1,102$824$187
25 years$2,359$1,798$1,353$1,007$742$156
26 years$2,244$1,690$1,255$920$668$130
27 years$2,138$1,590$1,165$842$603$108
28 years$2,039$1,499$1,083$772$544$90
29 years$1,948$1,414$1,008$708$491$76
30 years$1,863$1,335$939$650$444$63
31 years$1,783$1,262$875$597$401$53
32 years$1,708$1,194$817$548$363$44
33 years$1,639$1,131$763$504$328$37
34 years$1,573$1,072$712$464$297$31
35 years$1,511$1,017$666$427$269$26
36 years$1,453$965$623$393$244$21
37 years$1,398$917$583$362$221$18
38 years$1,347$871$546$334$200$15
39 years$1,297$828$512$308$182$12
40 years$1,251$788$480$284$165$10
41 years$1,207$750$450$262$150$9
42 years$1,165$714$422$242$136$7
43 years$1,125$681$396$223$123$6
44 years$1,087$649$372$206$112$5
45 years$1,051$619$349$190$101$4
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$2
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $915,000, adding $4,548 every year, while hoping to spend $29,386 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: 48/41/11 Blend
50$915,000$915,000$915,000$915,000
51$1,013,021$964,526$950,344$1,058,379
52$1,085,083$980,522$950,914$1,106,057
53$1,163,510$996,316$950,518$1,154,361
54$1,248,921$1,011,868$949,093$1,206,141
55$1,341,995$1,027,134$946,573$1,261,729
56$1,443,483$1,042,068$942,887$1,321,494
57$1,554,207$1,056,618$937,962$1,385,842
58$1,675,075$1,070,731$931,723$1,455,221
59$1,807,085$1,084,349$924,088$1,530,124
60$1,951,336$1,097,411$914,974$1,611,098
61$2,109,039$1,109,851$904,292$1,698,744
62$2,281,526$1,121,598$891,950$1,793,726
63$2,470,263$1,132,578$877,852$1,896,778
64$2,676,866$1,142,710$861,896$2,008,707
65$2,903,113$1,151,910$843,977$2,130,407
66$3,150,964$1,160,087$823,983$2,262,861
67$3,422,575$1,167,144$801,799$2,407,156
68$3,720,323$1,172,979$777,304$2,564,492
69$4,046,822$1,177,482$750,371$2,736,189
70$4,404,957$1,180,536$720,866$2,923,709
71$4,797,899$1,182,020$688,652$3,128,661
72$5,229,146$1,181,800$653,584$3,352,821
73$5,702,549$1,179,738$615,509$3,598,150
74$6,222,351$1,175,687$574,270$3,866,811
75$6,793,223$1,169,488$529,700$4,161,188
76$7,420,314$1,160,976$481,628$4,483,914
77$8,109,296$1,149,973$429,872$4,837,893
78$8,866,415$1,136,292$374,243$5,226,326
79$9,698,554$1,119,735$314,545$5,652,747
80$10,613,296$1,100,092$250,572$6,121,053
81$11,618,994$1,077,139$182,109$6,635,543
82$12,724,853$1,050,640$108,931$7,200,958
83$13,941,013$1,020,346$30,804$7,822,528
84$15,278,644$985,991$0$8,506,021
85$16,750,057$947,295$0$9,263,969
86$18,368,813$903,963$0$10,101,478
87$20,149,855$855,681$0$11,022,696
88$22,109,647$802,116$0$12,036,191
89$24,266,330$742,919$0$13,151,406
90$26,639,892$677,718$0$14,378,757
91$29,252,357$606,122$0$15,729,722
92$32,127,992$527,716$0$17,216,961
93$35,293,536$442,064$0$18,854,430
94$38,778,453$348,701$0$20,657,513
95$42,615,209$247,141$0$22,643,175
96$46,839,576$136,866$0$24,830,115
97$51,490,973$17,334$0$27,238,951
98$56,612,837$0$0$29,892,410
99$62,253,029$0$0$32,866,093
100$68,464,289$0$0$36,149,608