Can I retire at age 51 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$77,955$77,260$76,583$75,922$75,276$72,605
2 years$38,591$37,873$37,176$36,501$35,846$33,183
3 years$25,472$24,750$24,055$23,386$22,742$20,172
4 years$18,914$18,194$17,506$16,849$16,220$13,761
5 years$14,980$14,264$13,586$12,941$12,330$9,990
6 years$12,358$11,648$10,979$10,349$9,756$7,536
7 years$10,486$9,782$9,124$8,509$7,934$5,834
8 years$9,082$8,385$7,738$7,138$6,582$4,600
9 years$7,992$7,301$6,664$6,080$5,543$3,676
10 years$7,119$6,435$5,810$5,241$4,723$2,968
11 years$6,406$5,729$5,115$4,561$4,062$2,415
12 years$5,812$5,142$4,540$4,001$3,520$1,977
13 years$5,310$4,647$4,056$3,532$3,070$1,627
14 years$4,880$4,224$3,644$3,135$2,691$1,344
15 years$4,508$3,858$3,290$2,796$2,369$1,114
16 years$4,182$3,540$2,983$2,504$2,094$926
17 years$3,895$3,260$2,714$2,250$1,857$771
18 years$3,641$3,013$2,478$2,027$1,651$643
19 years$3,413$2,792$2,268$1,832$1,471$538
20 years$3,208$2,595$2,082$1,659$1,314$450
21 years$3,023$2,417$1,915$1,506$1,176$377
22 years$2,856$2,256$1,765$1,369$1,054$316
23 years$2,703$2,110$1,630$1,247$946$265
24 years$2,562$1,977$1,507$1,137$851$222
25 years$2,434$1,855$1,396$1,039$765$186
26 years$2,315$1,744$1,295$950$689$157
27 years$2,206$1,641$1,202$869$622$132
28 years$2,104$1,546$1,118$796$561$111
29 years$2,010$1,459$1,040$730$506$93
30 years$1,922$1,378$969$670$458$78
31 years$1,839$1,302$903$616$414$66
32 years$1,763$1,232$843$566$374$55
33 years$1,691$1,167$787$520$339$47
34 years$1,623$1,106$735$479$307$39
35 years$1,559$1,049$687$441$278$33
36 years$1,499$996$643$406$252$28
37 years$1,443$946$602$374$228$23
38 years$1,389$899$564$345$207$20
39 years$1,339$855$528$318$188$17
40 years$1,291$813$495$293$170$14
41 years$1,245$774$464$270$154$12
42 years$1,202$737$435$250$140$10
43 years$1,161$702$408$230$127$8
44 years$1,122$669$383$213$115$7
45 years$1,084$638$360$196$105$6
46 years$1,049$609$338$181$95$5
47 years$1,015$581$318$168$86$4
48 years$982$555$298$155$78$3
49 years$951$530$281$143$71$3
50 years$922$506$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $944,000, adding $3,629 every year, while hoping to spend $44,235 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: 72/12/16 Blend
50$944,000$944,000$944,000$944,000
51$1,044,031$993,999$979,367$1,115,132
52$1,103,457$995,640$965,110$1,164,434
53$1,167,461$995,878$948,893$1,212,692
54$1,236,465$994,598$930,604$1,264,386
55$1,310,929$991,678$910,124$1,319,848
56$1,391,362$986,989$887,331$1,379,445
57$1,478,320$980,391$862,096$1,443,580
58$1,572,417$971,738$834,285$1,512,699
59$1,674,326$960,876$803,756$1,587,293
60$1,784,788$947,639$770,362$1,667,906
61$1,904,616$931,853$733,949$1,755,135
62$2,034,708$913,335$694,357$1,849,643
63$2,176,047$891,887$651,417$1,952,157
64$2,329,717$867,303$604,953$2,063,484
65$2,496,910$839,363$554,781$2,184,511
66$2,678,939$807,835$500,710$2,316,217
67$2,877,245$772,474$442,538$2,459,685
68$3,093,419$733,020$380,058$2,616,107
69$3,329,206$689,197$313,049$2,786,800
70$3,586,533$640,715$241,283$2,973,215
71$3,867,515$587,266$164,522$3,176,956
72$4,174,485$528,526$82,517$3,399,790
73$4,510,010$464,150$0$3,643,668
74$4,876,914$393,777$0$3,911,595
75$5,278,310$317,022$0$4,220,179
76$5,717,622$233,481$0$4,557,987
77$6,198,623$142,725$0$4,927,956
78$6,725,467$44,303$0$5,333,326
79$7,302,728$0$0$5,777,666
80$7,935,445$0$0$6,273,132
81$8,629,166$0$0$6,822,828
82$9,390,002$0$0$7,425,753
83$10,224,685$0$0$8,087,247
84$11,140,627$0$0$8,813,191
85$12,145,996$0$0$9,610,065
86$13,249,786$0$0$10,485,004
87$14,461,908$0$0$11,445,871
88$15,793,276$0$0$12,501,325
89$17,255,916$0$0$13,660,907
90$18,863,075$0$0$14,935,126
91$20,629,345$0$0$16,335,560
92$22,570,806$0$0$17,874,967
93$24,705,170$0$0$19,567,397
94$27,051,952$0$0$21,428,336
95$29,632,651$0$0$23,474,839
96$32,470,955$0$0$25,725,701
97$35,592,964$0$0$28,201,629
98$39,027,431$0$0$30,925,436
99$42,806,039$0$0$33,922,260
100$46,963,697$0$0$37,219,796