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%15.4%
1 years$76,055$75,378$74,717$74,072$73,442$71,812
2 years$37,651$36,950$36,270$35,611$34,972$33,339
3 years$24,851$24,147$23,469$22,817$22,188$20,602
4 years$18,453$17,751$17,080$16,438$15,825$14,298
5 years$14,615$13,917$13,255$12,626$12,030$10,567
6 years$12,057$11,364$10,712$10,097$9,519$8,121
7 years$10,230$9,544$8,901$8,301$7,741$6,409
8 years$8,861$8,181$7,549$6,964$6,422$5,155
9 years$7,797$7,123$6,502$5,932$5,408$4,206
10 years$6,946$6,278$5,669$5,113$4,608$3,468
11 years$6,250$5,589$4,991$4,450$3,963$2,885
12 years$5,671$5,017$4,429$3,903$3,434$2,416
13 years$5,181$4,534$3,957$3,446$2,995$2,034
14 years$4,761$4,121$3,555$3,059$2,625$1,720
15 years$4,398$3,764$3,210$2,728$2,311$1,461
16 years$4,080$3,454$2,910$2,443$2,043$1,244
17 years$3,800$3,181$2,648$2,195$1,811$1,062
18 years$3,552$2,939$2,418$1,978$1,611$908
19 years$3,330$2,724$2,213$1,787$1,436$779
20 years$3,130$2,531$2,031$1,619$1,282$668
21 years$2,950$2,358$1,868$1,469$1,147$575
22 years$2,786$2,201$1,722$1,336$1,029$495
23 years$2,637$2,058$1,590$1,216$923$426
24 years$2,500$1,929$1,470$1,109$830$367
25 years$2,374$1,810$1,362$1,013$747$317
26 years$2,259$1,701$1,263$926$673$274
27 years$2,152$1,601$1,173$848$606$236
28 years$2,053$1,509$1,090$777$547$204
29 years$1,961$1,423$1,015$712$494$176
30 years$1,875$1,344$945$654$446$153
31 years$1,795$1,271$881$601$404$132
32 years$1,720$1,202$822$552$365$114
33 years$1,649$1,138$768$508$330$99
34 years$1,583$1,079$717$467$299$86
35 years$1,521$1,023$670$430$271$74
36 years$1,463$971$627$396$246$64
37 years$1,408$923$587$365$223$55
38 years$1,355$877$550$336$202$48
39 years$1,306$834$515$310$183$42
40 years$1,259$793$483$286$166$36
41 years$1,215$755$453$264$151$31
42 years$1,173$719$425$243$137$27
43 years$1,132$685$398$225$124$23
44 years$1,094$653$374$208$113$20
45 years$1,058$623$351$192$102$18
46 years$1,023$594$330$177$93$15
47 years$990$567$310$164$84$13
48 years$958$541$291$151$76$11
49 years$928$517$274$140$69$10
50 years$899$494$257$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $921,000, adding $6,311 every year, while hoping to spend $24,771 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: 45/48/7 Blend
50$921,000$921,000$921,000$921,000
51$1,021,452$972,639$958,363$1,065,147
52$1,099,284$993,942$964,112$1,117,245
53$1,184,224$1,015,459$969,224$1,170,630
54$1,276,972$1,037,173$973,650$1,227,939
55$1,378,298$1,059,069$977,341$1,289,542
56$1,489,047$1,081,126$980,245$1,355,844
57$1,610,152$1,103,324$982,306$1,427,294
58$1,742,641$1,125,640$983,467$1,504,385
59$1,887,644$1,148,050$983,666$1,587,662
60$2,046,405$1,170,526$982,841$1,677,724
61$2,220,297$1,193,040$980,924$1,775,230
62$2,410,827$1,215,559$977,845$1,880,909
63$2,619,660$1,238,050$973,531$1,995,563
64$2,848,626$1,260,475$967,905$2,120,075
65$3,099,741$1,282,794$960,885$2,255,420
66$3,375,228$1,304,964$952,388$2,402,672
67$3,677,533$1,326,939$942,325$2,563,014
68$4,009,352$1,348,669$930,603$2,737,750
69$4,373,652$1,370,100$917,124$2,928,320
70$4,773,704$1,391,174$901,788$3,136,309
71$5,213,110$1,411,831$884,486$3,363,464
72$5,695,839$1,432,002$865,108$3,611,712
73$6,226,263$1,451,619$843,538$3,883,177
74$6,809,198$1,470,604$819,652$4,180,200
75$7,449,949$1,488,877$793,324$4,505,362
76$8,154,363$1,506,351$764,419$4,861,510
77$8,928,880$1,522,934$732,799$5,251,780
78$9,780,594$1,538,526$698,316$5,679,631
79$10,717,324$1,553,023$660,819$6,148,876
80$11,747,682$1,566,313$620,148$6,663,717
81$12,881,159$1,578,275$576,135$7,228,789
82$14,128,209$1,588,782$528,608$7,849,200
83$15,500,353$1,597,699$477,383$8,530,582
84$17,010,285$1,604,882$422,271$9,279,142
85$18,671,989$1,610,177$363,073$10,101,726
86$20,500,877$1,613,421$299,581$11,005,877
87$22,513,929$1,614,440$231,579$11,999,914
88$24,729,854$1,613,052$158,841$13,093,007
89$27,169,267$1,609,060$81,130$14,295,262
90$29,854,885$1,602,257$0$15,617,822
91$32,811,739$1,592,422$0$17,073,106
92$36,067,408$1,579,323$0$18,680,996
93$39,652,285$1,562,711$0$20,450,370
94$43,599,859$1,542,325$0$22,397,705
95$47,947,031$1,517,885$0$24,541,160
96$52,734,464$1,489,098$0$26,900,751
97$58,006,966$1,455,650$0$29,498,541
98$63,813,911$1,417,211$0$32,358,849
99$70,209,706$1,373,431$0$35,508,478
100$77,254,307$1,323,939$0$38,976,973