Can I retire at age 51 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$76,055$75,378$74,717$74,072$73,442$71,608
2 years$37,651$36,950$36,270$35,611$34,972$33,137
3 years$24,851$24,147$23,469$22,817$22,188$20,407
4 years$18,453$17,751$17,080$16,438$15,825$14,113
5 years$14,615$13,917$13,255$12,626$12,030$10,392
6 years$12,057$11,364$10,712$10,097$9,519$7,956
7 years$10,230$9,544$8,901$8,301$7,741$6,254
8 years$8,861$8,181$7,549$6,964$6,422$5,010
9 years$7,797$7,123$6,502$5,932$5,408$4,070
10 years$6,946$6,278$5,669$5,113$4,608$3,342
11 years$6,250$5,589$4,991$4,450$3,963$2,767
12 years$5,671$5,017$4,429$3,903$3,434$2,307
13 years$5,181$4,534$3,957$3,446$2,995$1,933
14 years$4,761$4,121$3,555$3,059$2,625$1,627
15 years$4,398$3,764$3,210$2,728$2,311$1,375
16 years$4,080$3,454$2,910$2,443$2,043$1,165
17 years$3,800$3,181$2,648$2,195$1,811$989
18 years$3,552$2,939$2,418$1,978$1,611$842
19 years$3,330$2,724$2,213$1,787$1,436$718
20 years$3,130$2,531$2,031$1,619$1,282$613
21 years$2,950$2,358$1,868$1,469$1,147$524
22 years$2,786$2,201$1,722$1,336$1,029$449
23 years$2,637$2,058$1,590$1,216$923$384
24 years$2,500$1,929$1,470$1,109$830$330
25 years$2,374$1,810$1,362$1,013$747$283
26 years$2,259$1,701$1,263$926$673$243
27 years$2,152$1,601$1,173$848$606$208
28 years$2,053$1,509$1,090$777$547$179
29 years$1,961$1,423$1,015$712$494$154
30 years$1,875$1,344$945$654$446$132
31 years$1,795$1,271$881$601$404$114
32 years$1,720$1,202$822$552$365$98
33 years$1,649$1,138$768$508$330$84
34 years$1,583$1,079$717$467$299$72
35 years$1,521$1,023$670$430$271$62
36 years$1,463$971$627$396$246$54
37 years$1,408$923$587$365$223$46
38 years$1,355$877$550$336$202$40
39 years$1,306$834$515$310$183$34
40 years$1,259$793$483$286$166$29
41 years$1,215$755$453$264$151$25
42 years$1,173$719$425$243$137$22
43 years$1,132$685$398$225$124$19
44 years$1,094$653$374$208$113$16
45 years$1,058$623$351$192$102$14
46 years$1,023$594$330$177$93$12
47 years$990$567$310$164$84$10
48 years$958$541$291$151$76$9
49 years$928$517$274$140$69$8
50 years$899$494$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 $921,000, adding $2,743 every year, while hoping to spend $27,425 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: 42/49/9 Blend
50$921,000$921,000$921,000$921,000
51$1,017,771$968,958$954,683$1,057,722
52$1,092,404$987,257$957,485$1,104,168
53$1,173,730$1,005,534$959,461$1,151,451
54$1,262,403$1,023,758$960,556$1,202,028
55$1,359,143$1,041,897$960,709$1,256,209
56$1,464,742$1,059,915$959,859$1,314,337
57$1,580,071$1,077,777$957,940$1,376,791
58$1,706,090$1,095,440$954,883$1,443,988
59$1,843,856$1,112,861$950,616$1,516,387
60$1,994,532$1,129,994$945,065$1,594,495
61$2,159,399$1,146,789$938,149$1,678,874
62$2,339,868$1,163,191$929,787$1,770,140
63$2,537,490$1,179,144$919,891$1,868,975
64$2,753,978$1,194,585$908,371$1,976,130
65$2,991,213$1,209,450$895,131$2,092,434
66$3,251,271$1,223,667$880,072$2,218,802
67$3,536,436$1,237,162$863,090$2,356,244
68$3,849,224$1,249,854$844,075$2,505,873
69$4,192,407$1,261,659$822,913$2,668,916
70$4,569,037$1,272,485$799,485$2,846,730
71$4,982,477$1,282,235$773,666$3,040,809
72$5,436,431$1,290,805$745,325$3,252,802
73$5,934,979$1,298,087$714,326$3,484,529
74$6,482,616$1,303,962$680,525$3,737,996
75$7,084,294$1,308,307$643,773$4,015,419
76$7,745,467$1,310,989$603,914$4,319,238
77$8,472,144$1,311,867$560,785$4,652,148
78$9,270,947$1,310,793$514,216$5,017,122
79$10,149,169$1,307,607$464,027$5,417,436
80$11,114,846$1,302,142$410,034$5,856,707
81$12,176,831$1,294,218$352,041$6,338,922
82$13,344,880$1,283,646$289,846$6,868,481
83$14,629,739$1,270,226$223,238$7,450,234
84$16,043,250$1,253,745$151,993$8,089,533
85$17,598,459$1,233,976$75,882$8,792,278
86$19,309,741$1,210,680$0$9,564,978
87$21,192,936$1,183,604$0$10,415,323
88$23,265,495$1,152,481$0$11,358,525
89$25,546,647$1,117,024$0$12,396,044
90$28,057,582$1,076,935$0$13,537,531
91$30,821,645$1,031,894$0$14,793,630
92$33,864,561$981,566$0$16,176,072
93$37,214,677$925,593$0$17,697,796
94$40,903,226$863,599$0$19,373,063
95$44,964,626$795,186$0$21,217,598
96$49,436,800$719,933$0$23,248,738
97$54,361,539$637,395$0$25,485,595
98$59,784,890$547,101$0$27,949,241
99$65,757,594$448,555$0$30,662,905
100$72,335,566$341,231$0$33,652,196