Can I retire at age 51 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$76,138$75,460$74,798$74,152$73,522$72,663
2 years$37,692$36,990$36,310$35,650$35,010$34,146
3 years$24,878$24,173$23,495$22,841$22,212$21,369
4 years$18,473$17,770$17,098$16,456$15,842$15,027
5 years$14,631$13,932$13,269$12,640$12,043$11,258
6 years$12,070$11,376$10,723$10,108$9,529$8,775
7 years$10,241$9,554$8,911$8,310$7,750$7,027
8 years$8,871$8,189$7,557$6,971$6,429$5,738
9 years$7,805$7,130$6,509$5,938$5,414$4,754
10 years$6,953$6,285$5,675$5,119$4,613$3,983
11 years$6,257$5,595$4,996$4,455$3,967$3,368
12 years$5,677$5,022$4,434$3,907$3,438$2,868
13 years$5,186$4,538$3,961$3,450$2,998$2,456
14 years$4,766$4,125$3,559$3,062$2,628$2,114
15 years$4,403$3,769$3,214$2,731$2,314$1,827
16 years$4,085$3,458$2,914$2,445$2,045$1,585
17 years$3,805$3,184$2,651$2,197$1,813$1,378
18 years$3,556$2,942$2,420$1,980$1,612$1,202
19 years$3,333$2,727$2,216$1,789$1,437$1,050
20 years$3,134$2,534$2,033$1,620$1,284$919
21 years$2,953$2,360$1,870$1,471$1,149$806
22 years$2,789$2,203$1,724$1,337$1,030$707
23 years$2,640$2,061$1,592$1,218$924$622
24 years$2,503$1,931$1,472$1,111$831$547
25 years$2,377$1,812$1,363$1,014$748$482
26 years$2,261$1,703$1,264$927$673$424
27 years$2,154$1,603$1,174$849$607$374
28 years$2,055$1,510$1,091$778$548$330
29 years$1,963$1,425$1,016$713$495$292
30 years$1,877$1,345$946$655$447$258
31 years$1,797$1,272$882$601$404$228
32 years$1,722$1,203$823$552$366$201
33 years$1,651$1,140$768$508$331$178
34 years$1,585$1,080$718$467$300$158
35 years$1,523$1,025$671$430$271$139
36 years$1,464$972$628$396$246$123
37 years$1,409$924$588$365$223$109
38 years$1,357$878$550$337$202$97
39 years$1,307$835$516$310$183$86
40 years$1,261$794$483$286$166$76
41 years$1,216$756$453$264$151$67
42 years$1,174$720$425$244$137$59
43 years$1,134$686$399$225$124$53
44 years$1,095$654$374$208$113$47
45 years$1,059$623$352$192$102$41
46 years$1,024$595$330$177$93$37
47 years$991$568$310$164$84$32
48 years$959$542$292$151$77$29
49 years$929$517$274$140$70$26
50 years$900$494$258$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $922,000, adding $5,205 every year, while hoping to spend $31,760 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: 71/13/16 Blend
50$922,000$922,000$922,000$922,000
51$1,021,413$972,547$958,256$1,089,806
52$1,091,805$986,409$956,565$1,149,788
53$1,168,312$999,887$953,753$1,211,111
54$1,251,525$1,012,926$949,749$1,277,427
55$1,342,093$1,025,472$944,478$1,349,224
56$1,440,731$1,037,465$937,863$1,427,040
57$1,548,225$1,048,840$929,820$1,511,468
58$1,665,440$1,059,529$920,266$1,603,162
59$1,793,329$1,069,460$909,109$1,702,842
60$1,932,940$1,078,555$896,255$1,811,302
61$2,085,427$1,086,732$881,607$1,929,419
62$2,252,061$1,093,902$865,061$2,058,157
63$2,434,239$1,099,971$846,509$2,198,579
64$2,633,503$1,104,841$825,839$2,351,859
65$2,851,548$1,108,406$802,931$2,519,289
66$3,090,239$1,110,551$777,663$2,702,295
67$3,351,634$1,111,159$749,906$2,902,447
68$3,637,997$1,110,102$719,523$3,121,477
69$3,951,820$1,107,244$686,375$3,361,294
70$4,295,849$1,102,443$650,312$3,624,004
71$4,673,109$1,095,546$611,181$3,911,925
72$5,086,931$1,086,392$568,820$4,227,616
73$5,540,984$1,074,811$523,061$4,573,896
74$6,039,308$1,060,620$473,727$4,953,874
75$6,586,355$1,043,629$420,635$5,370,975
76$7,187,029$1,023,632$363,592$5,828,977
77$7,846,730$1,000,415$302,397$6,332,044
78$8,571,410$973,748$236,841$6,884,766
79$9,367,623$943,391$166,704$7,492,202
80$10,242,591$909,087$91,759$8,159,930
81$11,204,268$870,566$11,766$8,894,098
82$12,261,421$827,541$0$9,701,485
83$13,423,703$779,708$0$10,602,125
84$14,701,755$726,747$0$11,594,650
85$16,107,296$668,320$0$12,686,172
86$17,653,240$604,067$0$13,886,747
87$19,353,814$533,611$0$15,207,454
88$21,224,696$456,550$0$16,660,505
89$23,283,156$372,462$0$18,259,354
90$25,548,226$280,901$0$20,018,832
91$28,040,874$181,394$0$21,955,279
92$30,784,204$73,443$0$24,086,704
93$33,803,673$0$0$26,432,954
94$37,127,332$0$0$29,022,119
95$40,786,088$0$0$31,883,950
96$44,813,998$0$0$35,034,589
97$49,248,588$0$0$38,503,394
98$54,131,209$0$0$42,322,719
99$59,507,423$0$0$46,528,212
100$65,427,439$0$0$51,159,156