Can I retire at age 51 with 948,000?

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 $948,000?

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$78,285$77,588$76,907$76,243$75,595$72,913
2 years$38,755$38,033$37,334$36,655$35,998$33,324
3 years$25,580$24,855$24,157$23,485$22,838$20,257
4 years$18,994$18,271$17,580$16,920$16,288$13,820
5 years$15,043$14,325$13,643$12,996$12,382$10,032
6 years$12,410$11,697$11,026$10,393$9,798$7,568
7 years$10,530$9,823$9,162$8,545$7,968$5,859
8 years$9,121$8,420$7,770$7,168$6,610$4,619
9 years$8,025$7,331$6,693$6,106$5,567$3,691
10 years$7,149$6,462$5,835$5,263$4,743$2,980
11 years$6,433$5,753$5,137$4,580$4,079$2,425
12 years$5,837$5,164$4,559$4,018$3,535$1,986
13 years$5,333$4,666$4,073$3,547$3,083$1,634
14 years$4,901$4,242$3,660$3,149$2,702$1,350
15 years$4,527$3,875$3,304$2,808$2,379$1,119
16 years$4,200$3,555$2,996$2,514$2,103$930
17 years$3,912$3,274$2,726$2,259$1,864$774
18 years$3,656$3,025$2,488$2,036$1,658$646
19 years$3,427$2,804$2,278$1,840$1,478$540
20 years$3,222$2,606$2,091$1,666$1,320$452
21 years$3,036$2,427$1,923$1,512$1,181$378
22 years$2,868$2,265$1,772$1,375$1,059$317
23 years$2,714$2,119$1,636$1,252$950$266
24 years$2,573$1,985$1,513$1,142$854$223
25 years$2,444$1,863$1,402$1,043$769$187
26 years$2,325$1,751$1,300$954$692$157
27 years$2,215$1,648$1,207$873$624$132
28 years$2,113$1,553$1,122$800$563$111
29 years$2,018$1,465$1,044$733$509$93
30 years$1,930$1,383$973$673$460$79
31 years$1,847$1,308$907$618$415$66
32 years$1,770$1,237$846$568$376$56
33 years$1,698$1,172$790$522$340$47
34 years$1,630$1,111$738$481$308$39
35 years$1,566$1,053$690$442$279$33
36 years$1,506$1,000$646$407$253$28
37 years$1,449$950$604$375$229$23
38 years$1,395$902$566$346$208$20
39 years$1,344$858$530$319$188$17
40 years$1,296$816$497$294$171$14
41 years$1,250$777$466$272$155$12
42 years$1,207$740$437$251$141$10
43 years$1,166$705$410$231$128$8
44 years$1,126$672$385$214$116$7
45 years$1,089$641$362$197$105$6
46 years$1,053$612$340$182$95$5
47 years$1,019$584$319$168$87$4
48 years$987$557$300$156$79$4
49 years$955$532$282$144$72$3
50 years$926$508$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $948,000, adding $4,771 every year, while hoping to spend $30,215 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: 46/27/27 Blend
50$948,000$948,000$948,000$948,000
51$1,049,617$999,373$984,679$1,089,554
52$1,124,530$1,016,194$985,518$1,135,092
53$1,206,071$1,032,826$985,371$1,181,166
54$1,294,884$1,049,229$984,175$1,230,572
55$1,391,679$1,065,358$981,862$1,283,636
56$1,497,235$1,081,166$978,360$1,340,722
57$1,612,412$1,096,602$973,594$1,402,229
58$1,738,155$1,111,612$967,485$1,468,599
59$1,875,503$1,126,137$959,953$1,540,320
60$2,025,603$1,140,116$950,909$1,617,931
61$2,189,715$1,153,482$940,265$1,702,028
62$2,369,227$1,166,165$927,926$1,793,268
63$2,565,669$1,178,088$913,792$1,892,377
64$2,780,724$1,189,170$897,761$2,000,156
65$3,016,245$1,199,327$879,723$2,117,492
66$3,274,273$1,208,466$859,565$2,245,360
67$3,557,058$1,216,489$837,169$2,384,840
68$3,867,073$1,223,292$812,410$2,537,123
69$4,207,047$1,228,766$785,158$2,703,523
70$4,579,983$1,232,792$755,277$2,885,493
71$4,989,188$1,235,246$722,626$3,084,633
72$5,438,306$1,235,995$687,055$3,302,713
73$5,931,352$1,234,897$648,410$3,541,683
74$6,472,746$1,231,803$606,528$3,803,698
75$7,067,359$1,226,554$561,239$4,091,133
76$7,720,555$1,218,981$512,367$4,406,612
77$8,438,246$1,208,905$459,725$4,753,028
78$9,226,942$1,196,136$403,121$5,133,574
79$10,093,817$1,180,474$342,353$5,551,775
80$11,046,774$1,161,705$277,209$6,011,515
81$12,094,519$1,139,603$207,470$6,517,085
82$13,246,645$1,113,928$132,905$7,073,214
83$14,513,720$1,084,428$53,274$7,685,122
84$15,907,388$1,050,833$0$8,358,564
85$17,440,479$1,012,861$0$9,109,026
86$19,127,126$970,209$0$9,951,350
87$20,982,904$922,561$0$10,877,975
88$23,024,974$869,580$0$11,897,506
89$25,272,241$810,909$0$13,019,425
90$27,745,540$746,174$0$14,254,185
91$30,467,824$674,975$0$15,613,309
92$33,464,387$596,894$0$17,109,499
93$36,763,097$511,485$0$18,756,756
94$40,394,665$418,279$0$20,570,514
95$44,392,927$316,781$0$22,567,784
96$48,795,168$206,467$0$24,767,317
97$53,642,475$86,783$0$27,189,784
98$58,980,118$0$0$29,857,967
99$64,857,984$0$0$32,809,711
100$71,331,041$0$0$36,088,888