Can I retire at age 51 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$77,872$77,178$76,502$75,841$75,196$72,499
2 years$38,551$37,833$37,137$36,462$35,808$33,120
3 years$25,445$24,724$24,030$23,362$22,718$20,123
4 years$18,894$18,175$17,488$16,831$16,203$13,721
5 years$14,964$14,249$13,571$12,928$12,317$9,956
6 years$12,345$11,636$10,967$10,338$9,746$7,506
7 years$10,475$9,772$9,114$8,500$7,926$5,807
8 years$9,073$8,376$7,729$7,130$6,575$4,576
9 years$7,983$7,293$6,657$6,073$5,537$3,655
10 years$7,112$6,428$5,804$5,235$4,718$2,949
11 years$6,399$5,723$5,110$4,556$4,058$2,398
12 years$5,806$5,136$4,535$3,996$3,516$1,962
13 years$5,305$4,642$4,052$3,528$3,066$1,614
14 years$4,875$4,219$3,640$3,132$2,688$1,332
15 years$4,503$3,854$3,287$2,793$2,367$1,103
16 years$4,178$3,536$2,980$2,501$2,092$916
17 years$3,891$3,257$2,712$2,247$1,855$762
18 years$3,637$3,009$2,475$2,025$1,649$636
19 years$3,409$2,789$2,266$1,830$1,470$531
20 years$3,205$2,592$2,080$1,657$1,313$444
21 years$3,020$2,414$1,913$1,504$1,175$371
22 years$2,853$2,254$1,763$1,368$1,053$311
23 years$2,700$2,108$1,628$1,245$945$260
24 years$2,560$1,975$1,505$1,136$850$218
25 years$2,431$1,853$1,394$1,037$765$183
26 years$2,313$1,742$1,293$949$689$154
27 years$2,203$1,639$1,201$868$621$129
28 years$2,102$1,545$1,116$795$560$108
29 years$2,007$1,457$1,039$729$506$91
30 years$1,920$1,376$968$669$457$77
31 years$1,837$1,301$902$615$413$64
32 years$1,761$1,231$842$565$374$54
33 years$1,689$1,166$786$520$338$45
34 years$1,621$1,105$734$478$306$38
35 years$1,558$1,048$687$440$277$32
36 years$1,498$995$642$405$251$27
37 years$1,441$945$601$373$228$23
38 years$1,388$898$563$344$207$19
39 years$1,337$854$527$317$187$16
40 years$1,289$812$494$293$170$13
41 years$1,244$773$464$270$154$11
42 years$1,201$736$435$249$140$10
43 years$1,160$702$408$230$127$8
44 years$1,120$669$383$212$115$7
45 years$1,083$638$360$196$105$6
46 years$1,048$608$338$181$95$5
47 years$1,014$581$317$167$86$4
48 years$981$554$298$155$78$3
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $943,000, adding $3,268 every year, while hoping to spend $49,179 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: 77/11/12 Blend
50$943,000$943,000$943,000$943,000
51$1,042,557$992,578$977,961$1,120,175
52$1,096,572$988,888$958,397$1,168,055
53$1,154,448$983,369$936,529$1,213,961
54$1,216,527$975,880$912,228$1,262,910
55$1,283,184$966,270$885,360$1,315,184
56$1,354,832$954,380$855,782$1,371,099
57$1,431,921$940,041$823,347$1,430,999
58$1,514,949$923,075$787,901$1,495,268
59$1,604,461$903,292$749,283$1,564,324
60$1,701,054$880,492$707,322$1,638,633
61$1,805,388$854,463$661,844$1,718,706
62$1,918,185$824,979$612,663$1,805,109
63$2,040,240$791,802$559,587$1,898,464
64$2,172,425$754,682$502,414$1,999,459
65$2,315,703$713,351$440,935$2,108,852
66$2,471,127$667,528$374,929$2,227,480
67$2,639,861$616,916$304,168$2,356,265
68$2,823,181$561,199$228,412$2,496,225
69$3,022,492$500,044$147,410$2,648,484
70$3,239,340$433,100$60,903$2,814,281
71$3,475,426$359,996$0$2,994,982
72$3,732,622$280,338$0$3,196,118
73$4,012,987$193,712$0$3,423,912
74$4,318,787$99,680$0$3,672,432
75$4,652,518$0$0$3,943,740
76$5,016,927$0$0$4,240,380
77$5,415,035$0$0$4,577,665
78$5,850,171$0$0$4,946,353
79$6,325,999$0$0$5,349,553
80$6,846,554$0$0$5,790,688
81$7,416,277$0$0$6,273,526
82$8,040,060$0$0$6,802,218
83$8,723,290$0$0$7,381,333
84$9,471,899$0$0$8,015,904
85$10,292,419$0$0$8,711,474
86$11,192,045$0$0$9,474,148
87$12,178,701$0$0$10,310,649
88$13,261,116$0$0$11,228,382
89$14,448,903$0$0$12,235,505
90$15,752,652$0$0$13,341,002
91$17,184,028$0$0$14,554,769
92$18,755,878$0$0$15,887,711
93$20,482,358$0$0$17,351,835
94$22,379,061$0$0$18,960,373
95$24,463,164$0$0$20,727,899
96$26,753,590$0$0$22,670,470
97$29,271,188$0$0$24,805,775
98$32,038,927$0$0$27,153,304
99$35,082,110$0$0$29,734,527
100$38,428,617$0$0$32,573,100