Can I retire at age 51 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$77,789$77,097$76,421$75,761$75,116$73,510
2 years$38,510$37,792$37,097$36,423$35,770$34,159
3 years$25,418$24,698$24,004$23,337$22,694$21,129
4 years$18,874$18,155$17,469$16,813$16,185$14,679
5 years$14,948$14,234$13,557$12,914$12,304$10,860
6 years$12,332$11,623$10,956$10,327$9,736$8,355
7 years$10,464$9,761$9,104$8,491$7,918$6,601
8 years$9,063$8,367$7,721$7,123$6,568$5,316
9 years$7,975$7,285$6,650$6,067$5,532$4,342
10 years$7,104$6,421$5,798$5,230$4,713$3,585
11 years$6,393$5,717$5,104$4,551$4,054$2,986
12 years$5,800$5,131$4,530$3,992$3,513$2,504
13 years$5,299$4,637$4,047$3,525$3,063$2,111
14 years$4,870$4,215$3,636$3,129$2,685$1,788
15 years$4,498$3,850$3,283$2,790$2,364$1,520
16 years$4,173$3,533$2,977$2,498$2,089$1,296
17 years$3,887$3,253$2,709$2,245$1,853$1,108
18 years$3,633$3,006$2,473$2,023$1,647$949
19 years$3,406$2,786$2,264$1,828$1,468$815
20 years$3,202$2,589$2,077$1,656$1,312$701
21 years$3,017$2,412$1,911$1,503$1,174$603
22 years$2,850$2,251$1,761$1,366$1,052$520
23 years$2,697$2,105$1,626$1,244$944$449
24 years$2,557$1,973$1,504$1,135$849$387
25 years$2,429$1,851$1,393$1,036$764$335
26 years$2,310$1,740$1,292$948$688$289
27 years$2,201$1,637$1,200$867$620$250
28 years$2,100$1,543$1,115$795$560$217
29 years$2,005$1,456$1,038$729$505$188
30 years$1,918$1,375$967$669$457$163
31 years$1,836$1,299$901$614$413$141
32 years$1,759$1,230$841$564$373$122
33 years$1,687$1,164$785$519$338$106
34 years$1,619$1,104$734$478$306$92
35 years$1,556$1,047$686$440$277$80
36 years$1,496$994$642$405$251$69
37 years$1,440$944$600$373$228$60
38 years$1,386$897$562$344$206$52
39 years$1,336$853$527$317$187$45
40 years$1,288$811$494$292$170$39
41 years$1,242$772$463$270$154$34
42 years$1,199$736$434$249$140$29
43 years$1,158$701$408$230$127$26
44 years$1,119$668$383$212$115$22
45 years$1,082$637$359$196$104$19
46 years$1,047$608$337$181$95$17
47 years$1,013$580$317$167$86$14
48 years$980$554$298$155$78$13
49 years$949$529$280$143$71$11
50 years$920$505$263$132$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $942,000, adding $5,418 every year, while hoping to spend $38,273 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: 60/12/28 Blend
50$942,000$942,000$942,000$942,000
51$1,043,673$993,747$979,146$1,098,087
52$1,109,405$1,001,718$971,225$1,143,802
53$1,180,560$1,008,797$961,756$1,189,098
54$1,257,648$1,014,900$950,647$1,237,724
55$1,341,236$1,019,938$937,800$1,290,013
56$1,431,941$1,023,814$923,116$1,346,333
57$1,530,446$1,026,428$906,488$1,407,093
58$1,637,501$1,027,672$887,804$1,472,742
59$1,753,930$1,027,432$866,950$1,543,778
60$1,880,641$1,025,586$843,803$1,620,751
61$2,018,633$1,022,006$818,236$1,704,268
62$2,169,004$1,016,555$790,118$1,794,999
63$2,332,964$1,009,088$759,308$1,893,688
64$2,511,843$999,450$725,662$2,001,151
65$2,707,107$987,479$689,028$2,118,294
66$2,920,368$973,002$649,246$2,246,114
67$3,153,402$955,835$606,152$2,385,716
68$3,408,162$935,785$559,572$2,538,316
69$3,686,801$912,644$509,324$2,705,260
70$3,991,688$886,197$455,220$2,888,032
71$4,325,432$856,212$397,061$3,088,270
72$4,690,905$822,446$334,642$3,307,784
73$5,091,272$784,640$267,746$3,548,572
74$5,530,015$742,521$196,149$3,812,836
75$6,010,972$695,800$119,616$4,103,011
76$6,538,369$644,172$37,901$4,421,780
77$7,116,860$587,314$0$4,772,108
78$7,751,573$524,885$0$5,171,992
79$8,448,152$456,524$0$5,623,354
80$9,212,820$381,849$0$6,118,921
81$10,052,426$300,459$0$6,663,173
82$10,974,520$211,927$0$7,261,045
83$11,987,414$115,805$0$7,917,978
84$13,100,268$11,617$0$8,639,968
85$14,323,173$0$0$9,433,623
86$15,667,245$0$0$10,319,579
87$17,144,730$0$0$11,295,245
88$18,769,120$0$0$12,368,005
89$20,555,280$0$0$13,547,687
90$22,519,588$0$0$14,845,118
91$24,680,086$0$0$16,272,227
92$27,056,656$0$0$17,842,158
93$29,671,201$0$0$19,569,392
94$32,547,854$0$0$21,469,886
95$35,713,207$0$0$23,561,218
96$39,196,558$0$0$25,862,761
97$43,030,190$0$0$28,395,857
98$47,249,673$0$0$31,184,025
99$51,894,201$0$0$34,253,177
100$57,006,961$0$0$37,631,867