Can I retire at age 51 with 919,000?

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 $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%12.8%
1 years$75,890$75,214$74,555$73,911$73,282$72,427
2 years$37,569$36,870$36,192$35,534$34,896$34,035
3 years$24,797$24,095$23,418$22,767$22,140$21,300
4 years$18,413$17,712$17,043$16,402$15,790$14,978
5 years$14,583$13,887$13,226$12,599$12,003$11,221
6 years$12,031$11,339$10,688$10,075$9,498$8,746
7 years$10,208$9,523$8,882$8,283$7,724$7,004
8 years$8,842$8,163$7,533$6,949$6,408$5,719
9 years$7,780$7,107$6,488$5,919$5,397$4,738
10 years$6,931$6,265$5,656$5,102$4,598$3,970
11 years$6,236$5,577$4,980$4,440$3,955$3,357
12 years$5,658$5,006$4,419$3,895$3,427$2,858
13 years$5,170$4,524$3,948$3,438$2,988$2,448
14 years$4,751$4,112$3,548$3,052$2,620$2,107
15 years$4,388$3,756$3,203$2,722$2,306$1,821
16 years$4,072$3,446$2,904$2,437$2,038$1,579
17 years$3,792$3,174$2,643$2,190$1,807$1,374
18 years$3,544$2,933$2,412$1,974$1,607$1,198
19 years$3,323$2,718$2,208$1,783$1,432$1,046
20 years$3,123$2,526$2,027$1,615$1,279$916
21 years$2,943$2,353$1,864$1,466$1,145$803
22 years$2,780$2,196$1,718$1,333$1,026$705
23 years$2,631$2,054$1,586$1,214$921$620
24 years$2,495$1,924$1,467$1,107$828$545
25 years$2,369$1,806$1,359$1,011$745$480
26 years$2,254$1,697$1,260$924$671$423
27 years$2,147$1,597$1,170$846$605$373
28 years$2,048$1,505$1,088$775$546$329
29 years$1,956$1,420$1,012$711$493$291
30 years$1,871$1,341$943$652$446$257
31 years$1,791$1,268$879$599$403$227
32 years$1,716$1,200$820$551$364$201
33 years$1,646$1,136$766$506$330$177
34 years$1,580$1,077$716$466$299$157
35 years$1,518$1,021$669$429$270$139
36 years$1,460$969$626$395$245$123
37 years$1,404$921$586$364$222$109
38 years$1,352$875$549$335$201$96
39 years$1,303$832$514$309$183$85
40 years$1,256$792$482$285$166$76
41 years$1,212$753$452$263$150$67
42 years$1,170$718$424$243$136$59
43 years$1,130$684$398$224$124$53
44 years$1,092$652$373$207$112$47
45 years$1,056$621$350$191$102$41
46 years$1,021$593$329$177$93$37
47 years$988$566$309$163$84$32
48 years$956$540$291$151$76$29
49 years$926$516$273$139$69$25
50 years$897$493$257$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $919,000, adding $2,547 every year, while hoping to spend $57,488 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: 52/23/25 Blend
50$919,000$919,000$919,000$919,000
51$1,015,365$966,658$952,414$1,060,959
52$1,057,766$952,858$923,153$1,079,004
53$1,102,564$936,454$890,985$1,092,546
54$1,149,945$917,259$855,752$1,106,107
55$1,200,108$895,074$817,289$1,119,711
56$1,253,274$869,687$775,422$1,133,388
57$1,309,681$840,875$729,972$1,147,175
58$1,369,591$808,401$680,749$1,161,117
59$1,433,292$772,015$627,556$1,175,266
60$1,501,096$731,452$570,188$1,189,686
61$1,573,347$686,432$508,428$1,204,449
62$1,650,420$636,659$442,053$1,219,641
63$1,732,727$581,820$370,826$1,235,364
64$1,820,720$521,584$294,503$1,251,731
65$1,914,893$455,600$212,828$1,268,876
66$2,015,787$383,500$125,533$1,286,952
67$2,123,998$304,893$32,340$1,306,133
68$2,240,179$219,366$0$1,326,619
69$2,365,046$126,483$0$1,366,539
70$2,499,384$25,785$0$1,418,619
71$2,644,058$0$0$1,474,599
72$2,800,016$0$0$1,555,960
73$2,968,298$0$0$1,650,863
74$3,150,049$0$0$1,753,436
75$3,346,528$0$0$1,864,398
76$3,559,115$0$0$1,984,540
77$3,789,329$0$0$2,114,731
78$4,038,843$0$0$2,255,925
79$4,309,491$0$0$2,409,175
80$4,603,293$0$0$2,575,635
81$4,922,472$0$0$2,756,577
82$5,269,471$0$0$2,953,399
83$5,646,979$0$0$3,167,640
84$6,057,953$0$0$3,400,993
85$6,505,648$0$0$3,655,321
86$6,993,646$0$0$3,932,674
87$7,525,890$0$0$4,235,310
88$8,106,717$0$0$4,565,711
89$8,740,904$0$0$4,926,613
90$9,433,708$0$0$5,321,026
91$10,190,918$0$0$5,752,264
92$11,018,903$0$0$6,223,976
93$11,924,682$0$0$6,740,179
94$12,915,979$0$0$7,305,297
95$14,001,299$0$0$7,924,203
96$15,190,011$0$0$8,602,261
97$16,492,429$0$0$9,345,378
98$17,919,915$0$0$10,160,064
99$19,484,980$0$0$11,053,482
100$21,201,405$0$0$12,033,528