Can I retire at age 51 with 919,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$75,890$75,214$74,555$73,911$73,282$71,862
2 years$37,569$36,870$36,192$35,534$34,896$33,471
3 years$24,797$24,095$23,418$22,767$22,140$20,754
4 years$18,413$17,712$17,043$16,402$15,790$14,454
5 years$14,583$13,887$13,226$12,599$12,003$10,722
6 years$12,031$11,339$10,688$10,075$9,498$8,272
7 years$10,208$9,523$8,882$8,283$7,724$6,554
8 years$8,842$8,163$7,533$6,949$6,408$5,293
9 years$7,780$7,107$6,488$5,919$5,397$4,336
10 years$6,931$6,265$5,656$5,102$4,598$3,592
11 years$6,236$5,577$4,980$4,440$3,955$3,001
12 years$5,658$5,006$4,419$3,895$3,427$2,524
13 years$5,170$4,524$3,948$3,438$2,988$2,135
14 years$4,751$4,112$3,548$3,052$2,620$1,815
15 years$4,388$3,756$3,203$2,722$2,306$1,548
16 years$4,072$3,446$2,904$2,437$2,038$1,325
17 years$3,792$3,174$2,643$2,190$1,807$1,137
18 years$3,544$2,933$2,412$1,974$1,607$977
19 years$3,323$2,718$2,208$1,783$1,432$842
20 years$3,123$2,526$2,027$1,615$1,279$727
21 years$2,943$2,353$1,864$1,466$1,145$628
22 years$2,780$2,196$1,718$1,333$1,026$544
23 years$2,631$2,054$1,586$1,214$921$471
24 years$2,495$1,924$1,467$1,107$828$408
25 years$2,369$1,806$1,359$1,011$745$354
26 years$2,254$1,697$1,260$924$671$307
27 years$2,147$1,597$1,170$846$605$267
28 years$2,048$1,505$1,088$775$546$232
29 years$1,956$1,420$1,012$711$493$202
30 years$1,871$1,341$943$652$446$175
31 years$1,791$1,268$879$599$403$153
32 years$1,716$1,200$820$551$364$133
33 years$1,646$1,136$766$506$330$116
34 years$1,580$1,077$716$466$299$101
35 years$1,518$1,021$669$429$270$88
36 years$1,460$969$626$395$245$76
37 years$1,404$921$586$364$222$66
38 years$1,352$875$549$335$201$58
39 years$1,303$832$514$309$183$50
40 years$1,256$792$482$285$166$44
41 years$1,212$753$452$263$150$38
42 years$1,170$718$424$243$136$33
43 years$1,130$684$398$224$124$29
44 years$1,092$652$373$207$112$25
45 years$1,056$621$350$191$102$22
46 years$1,021$593$329$177$93$19
47 years$988$566$309$163$84$17
48 years$956$540$291$151$76$15
49 years$926$516$273$139$69$13
50 years$897$493$257$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $919,000, adding $4,729 every year, while hoping to spend $30,838 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: 62/30/8 Blend
50$919,000$919,000$919,000$919,000
51$1,017,616$968,909$954,664$1,078,730
52$1,088,601$983,574$953,834$1,134,815
53$1,165,794$997,924$951,943$1,191,999
54$1,249,794$1,011,912$948,922$1,253,629
55$1,341,262$1,025,484$944,700$1,320,135
56$1,440,925$1,038,588$939,202$1,391,989
57$1,549,585$1,051,164$932,350$1,469,715
58$1,668,120$1,063,149$924,062$1,553,887
59$1,797,501$1,074,476$914,251$1,645,139
60$1,938,795$1,085,074$902,827$1,744,171
61$2,093,177$1,094,867$889,696$1,851,754
62$2,261,939$1,103,773$874,759$1,968,736
63$2,446,505$1,111,706$857,912$2,096,057
64$2,648,443$1,118,575$839,046$2,234,748
65$2,869,479$1,124,280$818,050$2,385,949
66$3,111,514$1,128,718$794,803$2,550,916
67$3,376,642$1,131,778$769,181$2,731,035
68$3,667,166$1,133,342$741,056$2,927,833
69$3,985,626$1,133,285$710,291$3,142,993
70$4,334,819$1,131,474$676,744$3,378,372
71$4,717,822$1,127,769$640,266$3,636,019
72$5,138,029$1,122,018$600,704$3,918,191
73$5,599,175$1,114,064$557,895$4,227,376
74$6,105,375$1,103,738$511,669$4,566,321
75$6,661,163$1,090,861$461,849$4,938,051
76$7,271,532$1,075,243$408,252$5,345,903
77$7,941,983$1,056,685$350,683$5,793,558
78$8,678,576$1,034,973$288,942$6,285,071
79$9,487,987$1,009,883$222,817$6,824,916
80$10,377,569$981,175$152,089$7,418,025
81$11,355,426$948,597$76,529$8,069,835
82$12,430,484$911,882$0$8,786,341
83$13,612,576$870,748$0$9,574,504
84$14,912,539$824,895$0$10,448,256
85$16,342,310$774,007$0$11,409,112
86$17,915,042$717,749$0$12,465,955
87$19,645,225$655,768$0$13,628,573
88$21,548,826$587,689$0$14,907,759
89$23,643,439$513,117$0$16,315,408
90$25,948,445$431,636$0$17,864,632
91$28,485,204$342,803$0$19,569,884
92$31,277,248$246,154$0$21,447,097
93$34,350,506$141,194$0$23,513,832
94$37,733,551$27,406$0$25,789,447
95$41,457,863$0$0$28,295,278
96$45,558,134$0$0$31,086,458
97$50,072,587$0$0$34,169,631
98$55,043,341$0$0$37,564,527
99$60,516,807$0$0$41,302,855
100$66,544,127$0$0$45,419,554