Can I retire at age 51 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$75,973$75,296$74,636$73,991$73,362$71,618
2 years$37,610$36,910$36,231$35,573$34,934$33,187
3 years$24,824$24,121$23,444$22,792$22,164$20,468
4 years$18,433$17,731$17,061$16,420$15,807$14,177
5 years$14,599$13,902$13,240$12,612$12,017$10,455
6 years$12,044$11,352$10,700$10,086$9,508$8,018
7 years$10,219$9,533$8,892$8,292$7,733$6,313
8 years$8,852$8,172$7,541$6,956$6,415$5,066
9 years$7,788$7,115$6,495$5,925$5,402$4,123
10 years$6,938$6,271$5,662$5,108$4,603$3,392
11 years$6,243$5,583$4,985$4,445$3,959$2,814
12 years$5,664$5,011$4,424$3,899$3,431$2,350
13 years$5,175$4,529$3,953$3,442$2,992$1,974
14 years$4,756$4,116$3,552$3,056$2,622$1,665
15 years$4,393$3,760$3,207$2,725$2,309$1,409
16 years$4,076$3,450$2,907$2,440$2,041$1,197
17 years$3,796$3,177$2,645$2,192$1,809$1,019
18 years$3,548$2,936$2,415$1,976$1,609$869
19 years$3,326$2,721$2,211$1,785$1,434$743
20 years$3,127$2,529$2,029$1,617$1,281$636
21 years$2,947$2,355$1,866$1,467$1,146$545
22 years$2,783$2,199$1,720$1,334$1,027$467
23 years$2,634$2,056$1,588$1,215$922$401
24 years$2,497$1,927$1,469$1,108$829$345
25 years$2,372$1,808$1,360$1,012$746$297
26 years$2,256$1,699$1,262$925$672$255
27 years$2,150$1,599$1,172$847$606$220
28 years$2,050$1,507$1,089$776$547$189
29 years$1,958$1,422$1,014$712$494$163
30 years$1,873$1,343$944$653$446$141
31 years$1,793$1,269$880$600$403$121
32 years$1,718$1,201$821$551$365$104
33 years$1,648$1,137$767$507$330$90
34 years$1,582$1,078$716$466$299$78
35 years$1,520$1,022$670$429$271$67
36 years$1,461$970$627$395$245$58
37 years$1,406$922$586$364$222$50
38 years$1,354$876$549$336$202$43
39 years$1,305$833$515$310$183$37
40 years$1,258$792$482$286$166$32
41 years$1,213$754$452$264$150$28
42 years$1,171$718$424$243$136$24
43 years$1,131$684$398$224$124$21
44 years$1,093$652$374$207$112$18
45 years$1,057$622$351$191$102$15
46 years$1,022$593$330$177$93$13
47 years$989$566$310$163$84$11
48 years$957$541$291$151$76$10
49 years$927$516$273$140$69$9
50 years$898$493$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $920,000, adding $2,200 every year, while hoping to spend $47,752 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: 67/25/8 Blend
50$920,000$920,000$920,000$920,000
51$1,016,109$967,349$953,089$1,082,534
52$1,068,945$963,942$934,210$1,123,510
53$1,125,569$958,767$913,098$1,162,348
54$1,186,318$951,687$889,628$1,203,542
55$1,251,560$942,558$863,668$1,247,314
56$1,321,701$931,225$835,083$1,293,913
57$1,397,184$917,525$803,728$1,343,610
58$1,478,498$901,284$769,453$1,396,710
59$1,566,178$882,320$732,103$1,453,547
60$1,660,812$860,438$691,513$1,514,491
61$1,763,049$835,433$647,512$1,579,951
62$1,873,597$807,087$599,922$1,650,381
63$1,993,240$775,170$548,554$1,726,282
64$2,122,834$739,437$493,215$1,808,208
65$2,263,326$699,632$433,700$1,896,772
66$2,415,752$655,481$369,796$1,992,652
67$2,581,255$606,695$301,280$2,096,596
68$2,761,090$552,971$227,921$2,209,434
69$2,956,641$493,986$149,475$2,332,080
70$3,169,426$429,399$65,690$2,465,549
71$3,401,117$358,850$0$2,610,957
72$3,653,557$281,959$0$2,771,567
73$3,928,769$198,325$0$2,952,836
74$4,228,984$107,522$0$3,150,685
75$4,556,653$9,104$0$3,366,808
76$4,914,479$0$0$3,603,076
77$5,305,435$0$0$3,888,348
78$5,732,792$0$0$4,202,974
79$6,200,156$0$0$4,547,109
80$6,711,493$0$0$4,923,682
81$7,271,172$0$0$5,335,918
82$7,884,004$0$0$5,787,367
83$8,555,288$0$0$6,281,940
84$9,290,856$0$0$6,823,945
85$10,097,135$0$0$7,418,123
86$10,981,200$0$0$8,069,698
87$11,950,846$0$0$8,784,424
88$13,014,657$0$0$9,568,639
89$14,182,089$0$0$10,429,321
90$15,463,557$0$0$11,374,161
91$16,870,533$0$0$12,411,627
92$18,415,657$0$0$13,551,050
93$20,112,850$0$0$14,802,707
94$21,977,448$0$0$16,177,922
95$24,026,348$0$0$17,689,166
96$26,278,162$0$0$19,350,181
97$28,753,397$0$0$21,176,107
98$31,474,644$0$0$23,183,621
99$34,466,793$0$0$25,391,100
100$37,757,265$0$0$27,818,789