Can I retire at age 51 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$75,725$75,050$74,392$73,750$73,123$72,480
2 years$37,488$36,789$36,113$35,457$34,820$34,173
3 years$24,743$24,042$23,367$22,717$22,092$21,459
4 years$18,373$17,674$17,005$16,367$15,756$15,143
5 years$14,551$13,856$13,197$12,571$11,977$11,386
6 years$12,004$11,315$10,665$10,053$9,477$8,909
7 years$10,186$9,502$8,863$8,265$7,708$7,162
8 years$8,823$8,145$7,516$6,934$6,394$5,871
9 years$7,763$7,092$6,474$5,906$5,385$4,885
10 years$6,916$6,251$5,644$5,091$4,588$4,110
11 years$6,223$5,565$4,969$4,431$3,946$3,490
12 years$5,646$4,995$4,410$3,886$3,419$2,985
13 years$5,158$4,514$3,940$3,431$2,982$2,569
14 years$4,741$4,103$3,540$3,046$2,614$2,221
15 years$4,379$3,748$3,196$2,716$2,301$1,929
16 years$4,063$3,439$2,898$2,432$2,034$1,681
17 years$3,784$3,167$2,637$2,185$1,804$1,469
18 years$3,537$2,926$2,407$1,969$1,604$1,287
19 years$3,315$2,712$2,204$1,779$1,429$1,130
20 years$3,117$2,520$2,022$1,612$1,277$994
21 years$2,937$2,348$1,860$1,463$1,143$876
22 years$2,774$2,191$1,714$1,330$1,024$773
23 years$2,625$2,050$1,583$1,211$919$683
24 years$2,489$1,920$1,464$1,105$826$605
25 years$2,364$1,802$1,356$1,009$744$535
26 years$2,249$1,694$1,258$922$670$474
27 years$2,142$1,594$1,168$844$604$421
28 years$2,044$1,502$1,086$774$545$373
29 years$1,952$1,417$1,010$709$492$332
30 years$1,867$1,338$941$651$445$295
31 years$1,787$1,265$877$598$402$262
32 years$1,712$1,197$818$549$364$233
33 years$1,642$1,134$764$505$329$207
34 years$1,576$1,074$714$465$298$184
35 years$1,515$1,019$668$428$270$164
36 years$1,456$967$625$394$244$146
37 years$1,401$919$585$363$222$130
38 years$1,349$873$547$335$201$116
39 years$1,300$830$513$309$182$103
40 years$1,254$790$481$285$165$92
41 years$1,209$752$451$263$150$82
42 years$1,167$716$423$242$136$73
43 years$1,128$682$397$224$123$65
44 years$1,090$650$372$207$112$58
45 years$1,053$620$350$191$102$52
46 years$1,019$592$328$176$92$46
47 years$986$565$309$163$84$41
48 years$954$539$290$150$76$37
49 years$924$515$273$139$69$33
50 years$895$492$256$129$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $917,000, adding $4,169 every year, while hoping to spend $41,097 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: 70/11/19 Blend
50$917,000$917,000$917,000$917,000
51$1,014,834$966,233$952,020$1,080,923
52$1,074,621$969,852$940,186$1,129,129
53$1,139,128$972,270$926,578$1,176,611
54$1,208,793$973,386$911,093$1,227,558
55$1,284,100$973,092$893,624$1,282,307
56$1,365,576$971,271$874,058$1,341,231
57$1,453,803$967,802$852,277$1,404,742
58$1,549,421$962,554$828,158$1,473,293
59$1,653,132$955,390$801,573$1,547,387
60$1,765,711$946,163$772,385$1,627,577
61$1,888,008$934,720$740,454$1,714,473
62$2,020,958$920,894$705,632$1,808,749
63$2,165,591$904,513$667,766$1,911,149
64$2,323,039$885,392$626,694$2,022,494
65$2,494,548$863,335$582,247$2,143,689
66$2,681,489$838,136$534,250$2,275,735
67$2,885,373$809,576$482,519$2,419,733
68$3,107,859$777,424$426,862$2,576,902
69$3,350,777$741,433$367,077$2,748,585
70$3,616,138$701,346$302,957$2,936,262
71$3,906,159$656,887$234,281$3,141,568
72$4,223,279$607,766$160,821$3,366,309
73$4,570,184$553,678$82,339$3,612,472
74$4,949,832$494,297$0$3,882,254
75$5,365,479$429,281$0$4,178,363
76$5,820,711$358,269$0$4,521,016
77$6,319,477$280,877$0$4,896,506
78$6,866,126$196,703$0$5,308,139
79$7,465,448$105,319$0$5,759,563
80$8,122,719$6,275$0$6,254,793
81$8,843,749$0$0$6,798,256
82$9,634,939$0$0$7,407,046
83$10,503,337$0$0$8,076,130
84$11,456,710$0$0$8,810,738
85$12,503,610$0$0$9,617,468
86$13,653,462$0$0$10,503,587
87$14,916,644$0$0$11,477,102
88$16,304,592$0$0$12,546,833
89$17,829,905$0$0$13,722,498
90$19,506,460$0$0$15,014,800
91$21,349,548$0$0$16,435,535
92$23,376,013$0$0$17,997,695
93$25,604,416$0$0$19,715,596
94$28,055,204$0$0$21,605,011
95$30,750,904$0$0$23,683,316
96$33,716,339$0$0$25,969,658
97$36,978,857$0$0$28,485,132
98$40,568,591$0$0$31,252,981
99$44,518,741$0$0$34,298,815
100$48,865,889$0$0$37,650,853