Can I retire at age 51 with 920,000?

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 $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%17.8%
1 years$75,973$75,296$74,636$73,991$73,362$71,042
2 years$37,610$36,910$36,231$35,573$34,934$32,618
3 years$24,824$24,121$23,444$22,792$22,164$19,924
4 years$18,433$17,731$17,061$16,420$15,807$13,661
5 years$14,599$13,902$13,240$12,612$12,017$9,969
6 years$12,044$11,352$10,700$10,086$9,508$7,562
7 years$10,219$9,533$8,892$8,292$7,733$5,887
8 years$8,852$8,172$7,541$6,956$6,415$4,669
9 years$7,788$7,115$6,495$5,925$5,402$3,754
10 years$6,938$6,271$5,662$5,108$4,603$3,050
11 years$6,243$5,583$4,985$4,445$3,959$2,498
12 years$5,664$5,011$4,424$3,899$3,431$2,059
13 years$5,175$4,529$3,953$3,442$2,992$1,706
14 years$4,756$4,116$3,552$3,056$2,622$1,419
15 years$4,393$3,760$3,207$2,725$2,309$1,185
16 years$4,076$3,450$2,907$2,440$2,041$992
17 years$3,796$3,177$2,645$2,192$1,809$832
18 years$3,548$2,936$2,415$1,976$1,609$699
19 years$3,326$2,721$2,211$1,785$1,434$589
20 years$3,127$2,529$2,029$1,617$1,281$496
21 years$2,947$2,355$1,866$1,467$1,146$419
22 years$2,783$2,199$1,720$1,334$1,027$354
23 years$2,634$2,056$1,588$1,215$922$299
24 years$2,497$1,927$1,469$1,108$829$253
25 years$2,372$1,808$1,360$1,012$746$214
26 years$2,256$1,699$1,262$925$672$181
27 years$2,150$1,599$1,172$847$606$154
28 years$2,050$1,507$1,089$776$547$130
29 years$1,958$1,422$1,014$712$494$110
30 years$1,873$1,343$944$653$446$93
31 years$1,793$1,269$880$600$403$79
32 years$1,718$1,201$821$551$365$67
33 years$1,648$1,137$767$507$330$57
34 years$1,582$1,078$716$466$299$48
35 years$1,520$1,022$670$429$271$41
36 years$1,461$970$627$395$245$35
37 years$1,406$922$586$364$222$30
38 years$1,354$876$549$336$202$25
39 years$1,305$833$515$310$183$21
40 years$1,258$792$482$286$166$18
41 years$1,213$754$452$264$150$15
42 years$1,171$718$424$243$136$13
43 years$1,131$684$398$224$124$11
44 years$1,093$652$374$207$112$9
45 years$1,057$622$351$191$102$8
46 years$1,022$593$330$177$93$7
47 years$989$566$310$163$84$6
48 years$957$541$291$151$76$5
49 years$927$516$273$140$69$4
50 years$898$493$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $920,000, adding $2,426 every year, while hoping to spend $32,055 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: 54/26/20 Blend
50$920,000$920,000$920,000$920,000
51$1,016,342$967,582$953,322$1,065,569
52$1,085,903$980,888$951,152$1,112,871
53$1,161,485$993,771$947,835$1,160,756
54$1,243,667$1,006,177$943,299$1,212,190
55$1,333,089$1,018,047$937,468$1,267,521
56$1,430,453$1,029,321$930,262$1,327,134
57$1,536,532$1,039,930$921,598$1,391,453
58$1,652,177$1,049,805$911,390$1,460,947
59$1,778,323$1,058,869$899,546$1,536,134
60$1,916,001$1,067,043$885,970$1,617,587
61$2,066,346$1,074,241$870,562$1,705,935
62$2,230,605$1,080,371$853,218$1,801,875
63$2,410,154$1,085,336$833,828$1,906,176
64$2,606,506$1,089,033$812,277$2,019,688
65$2,821,327$1,091,353$788,446$2,143,346
66$3,056,451$1,092,179$762,208$2,278,186
67$3,313,900$1,091,386$733,433$2,425,348
68$3,595,898$1,088,845$701,983$2,586,093
69$3,904,895$1,084,413$667,715$2,761,811
70$4,243,590$1,077,945$630,479$2,954,036
71$4,614,954$1,069,282$590,118$3,164,462
72$5,022,260$1,058,258$546,468$3,394,957
73$5,469,114$1,044,696$499,358$3,647,583
74$5,959,486$1,028,409$448,609$3,924,615
75$6,497,751$1,009,198$394,035$4,228,564
76$7,088,727$986,854$335,440$4,562,199
77$7,737,720$961,153$272,620$4,928,576
78$8,450,578$931,859$205,363$5,331,066
79$9,233,741$898,725$133,447$5,773,388
80$10,094,304$861,484$56,639$6,259,644
81$11,040,085$819,859$0$6,794,360
82$12,079,695$773,553$0$7,387,933
83$13,222,620$722,254$0$8,053,714
84$14,479,315$665,631$0$8,785,732
85$15,861,293$603,335$0$9,590,747
86$17,381,244$534,997$0$10,476,205
87$19,053,146$460,227$0$11,450,320
88$20,892,400$378,612$0$12,522,144
89$22,915,978$289,717$0$13,701,655
90$25,142,575$193,081$0$14,999,855
91$27,592,795$88,219$0$16,428,870
92$30,289,336$0$0$18,002,068
93$33,257,209$0$0$19,741,446
94$36,523,974$0$0$21,683,881
95$40,119,996$0$0$23,822,201
96$44,078,736$0$0$26,176,317
97$48,437,062$0$0$28,768,167
98$53,235,600$0$0$31,621,925
99$58,519,114$0$0$34,764,227
100$64,336,931$0$0$38,224,424