Can I retire at age 51 with 921,000?

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 $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%17.7%
1 years$76,055$75,378$74,717$74,072$73,442$71,148
2 years$37,651$36,950$36,270$35,611$34,972$32,682
3 years$24,851$24,147$23,469$22,817$22,188$19,972
4 years$18,453$17,751$17,080$16,438$15,825$13,701
5 years$14,615$13,917$13,255$12,626$12,030$10,004
6 years$12,057$11,364$10,712$10,097$9,519$7,592
7 years$10,230$9,544$8,901$8,301$7,741$5,914
8 years$8,861$8,181$7,549$6,964$6,422$4,694
9 years$7,797$7,123$6,502$5,932$5,408$3,776
10 years$6,946$6,278$5,669$5,113$4,608$3,070
11 years$6,250$5,589$4,991$4,450$3,963$2,516
12 years$5,671$5,017$4,429$3,903$3,434$2,075
13 years$5,181$4,534$3,957$3,446$2,995$1,721
14 years$4,761$4,121$3,555$3,059$2,625$1,432
15 years$4,398$3,764$3,210$2,728$2,311$1,196
16 years$4,080$3,454$2,910$2,443$2,043$1,002
17 years$3,800$3,181$2,648$2,195$1,811$841
18 years$3,552$2,939$2,418$1,978$1,611$708
19 years$3,330$2,724$2,213$1,787$1,436$596
20 years$3,130$2,531$2,031$1,619$1,282$503
21 years$2,950$2,358$1,868$1,469$1,147$425
22 years$2,786$2,201$1,722$1,336$1,029$359
23 years$2,637$2,058$1,590$1,216$923$304
24 years$2,500$1,929$1,470$1,109$830$257
25 years$2,374$1,810$1,362$1,013$747$218
26 years$2,259$1,701$1,263$926$673$185
27 years$2,152$1,601$1,173$848$606$157
28 years$2,053$1,509$1,090$777$547$133
29 years$1,961$1,423$1,015$712$494$113
30 years$1,875$1,344$945$654$446$96
31 years$1,795$1,271$881$601$404$81
32 years$1,720$1,202$822$552$365$69
33 years$1,649$1,138$768$508$330$58
34 years$1,583$1,079$717$467$299$50
35 years$1,521$1,023$670$430$271$42
36 years$1,463$971$627$396$246$36
37 years$1,408$923$587$365$223$30
38 years$1,355$877$550$336$202$26
39 years$1,306$834$515$310$183$22
40 years$1,259$793$483$286$166$19
41 years$1,215$755$453$264$151$16
42 years$1,173$719$425$243$137$13
43 years$1,132$685$398$225$124$11
44 years$1,094$653$374$208$113$10
45 years$1,058$623$351$192$102$8
46 years$1,023$594$330$177$93$7
47 years$990$567$310$164$84$6
48 years$958$541$291$151$76$5
49 years$928$517$274$140$69$4
50 years$899$494$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 $921,000, adding $4,896 every year, while hoping to spend $35,901 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: 57/16/27 Blend
50$921,000$921,000$921,000$921,000
51$1,019,992$971,179$956,904$1,070,341
52$1,085,833$980,569$950,762$1,114,805
53$1,157,186$989,215$943,210$1,159,059
54$1,234,577$997,044$934,165$1,206,554
55$1,318,580$1,003,976$923,537$1,257,614
56$1,409,832$1,009,927$911,232$1,312,597
57$1,509,029$1,014,808$897,152$1,371,899
58$1,616,939$1,018,522$881,196$1,435,958
59$1,734,407$1,020,970$863,256$1,505,258
60$1,862,361$1,022,042$843,220$1,580,332
61$2,001,825$1,021,625$820,970$1,661,772
62$2,153,923$1,019,596$796,385$1,750,229
63$2,319,894$1,015,828$769,335$1,846,425
64$2,501,102$1,010,182$739,686$1,951,155
65$2,699,048$1,002,514$707,299$2,065,299
66$2,915,383$992,670$672,026$2,189,828
67$3,151,927$980,485$633,713$2,325,814
68$3,410,682$965,788$592,202$2,474,442
69$3,693,854$948,394$547,323$2,637,019
70$4,003,871$928,109$498,902$2,814,990
71$4,343,407$904,727$446,756$3,009,948
72$4,715,406$878,031$390,695$3,223,654
73$5,123,112$847,789$330,517$3,458,051
74$5,570,096$813,758$266,016$3,715,282
75$6,060,292$775,678$196,974$3,997,715
76$6,598,033$733,277$123,164$4,307,962
77$7,188,090$686,265$44,347$4,648,907
78$7,835,720$634,337$0$5,023,731
79$8,546,714$577,170$0$5,447,400
80$9,327,449$514,421$0$5,926,712
81$10,184,951$445,731$0$6,453,230
82$11,126,961$370,717$0$7,031,750
83$12,162,006$288,976$0$7,667,561
84$13,299,477$200,083$0$8,366,491
85$14,549,725$103,588$0$9,134,963
86$15,924,149$0$0$9,980,060
87$17,435,311$0$0$10,909,758
88$19,097,048$0$0$11,952,237
89$20,924,608$0$0$13,098,834
90$22,934,789$0$0$14,360,099
91$25,146,097$0$0$15,747,657
92$27,578,926$0$0$17,274,314
93$30,255,743$0$0$18,954,183
94$33,201,304$0$0$20,802,812
95$36,442,886$0$0$22,837,333
96$40,010,543$0$0$25,076,623
97$43,937,392$0$0$27,541,482
98$48,259,920$0$0$30,254,829
99$53,018,336$0$0$33,241,917
100$58,256,941$0$0$36,530,572