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%19.8%
1 years$76,138$75,460$74,798$74,152$73,522$70,632
2 years$37,692$36,990$36,310$35,650$35,010$32,135
3 years$24,878$24,173$23,495$22,841$22,212$19,441
4 years$18,473$17,770$17,098$16,456$15,842$13,196
5 years$14,631$13,932$13,269$12,640$12,043$9,529
6 years$12,070$11,376$10,723$10,108$9,529$7,149
7 years$10,241$9,554$8,911$8,310$7,750$5,503
8 years$8,871$8,189$7,557$6,971$6,429$4,313
9 years$7,805$7,130$6,509$5,938$5,414$3,425
10 years$6,953$6,285$5,675$5,119$4,613$2,748
11 years$6,257$5,595$4,996$4,455$3,967$2,222
12 years$5,677$5,022$4,434$3,907$3,438$1,807
13 years$5,186$4,538$3,961$3,450$2,998$1,477
14 years$4,766$4,125$3,559$3,062$2,628$1,212
15 years$4,403$3,769$3,214$2,731$2,314$997
16 years$4,085$3,458$2,914$2,445$2,045$823
17 years$3,805$3,184$2,651$2,197$1,813$680
18 years$3,556$2,942$2,420$1,980$1,612$563
19 years$3,333$2,727$2,216$1,789$1,437$467
20 years$3,134$2,534$2,033$1,620$1,284$388
21 years$2,953$2,360$1,870$1,471$1,149$322
22 years$2,789$2,203$1,724$1,337$1,030$268
23 years$2,640$2,061$1,592$1,218$924$223
24 years$2,503$1,931$1,472$1,111$831$186
25 years$2,377$1,812$1,363$1,014$748$155
26 years$2,261$1,703$1,264$927$673$129
27 years$2,154$1,603$1,174$849$607$107
28 years$2,055$1,510$1,091$778$548$89
29 years$1,963$1,425$1,016$713$495$75
30 years$1,877$1,345$946$655$447$62
31 years$1,797$1,272$882$601$404$52
32 years$1,722$1,203$823$552$366$43
33 years$1,651$1,140$768$508$331$36
34 years$1,585$1,080$718$467$300$30
35 years$1,523$1,025$671$430$271$25
36 years$1,464$972$628$396$246$21
37 years$1,409$924$588$365$223$18
38 years$1,357$878$550$337$202$15
39 years$1,307$835$516$310$183$12
40 years$1,261$794$483$286$166$10
41 years$1,216$756$453$264$151$8
42 years$1,174$720$425$244$137$7
43 years$1,134$686$399$225$124$6
44 years$1,095$654$374$208$113$5
45 years$1,059$623$352$192$102$4
46 years$1,024$595$330$177$93$3
47 years$991$568$310$164$84$3
48 years$959$542$292$151$77$2
49 years$929$517$274$140$70$2
50 years$900$494$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $922,000, adding $3,708 every year, while hoping to spend $51,746 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: 60/17/23 Blend
50$922,000$922,000$922,000$922,000
51$1,019,869$971,003$956,712$1,074,616
52$1,068,838$963,525$933,704$1,104,740
53$1,121,068$953,946$908,192$1,131,635
54$1,176,836$942,108$880,036$1,159,844
55$1,236,448$927,846$849,091$1,189,502
56$1,300,236$910,981$815,206$1,220,764
57$1,368,567$891,326$778,223$1,253,800
58$1,441,843$868,684$737,975$1,288,802
59$1,520,505$842,842$694,291$1,325,981
60$1,605,034$813,580$646,988$1,365,576
61$1,695,963$780,661$595,877$1,407,851
62$1,793,875$743,836$540,762$1,453,099
63$1,899,408$702,842$481,436$1,501,647
64$2,013,266$657,400$417,682$1,553,860
65$2,136,221$607,214$349,277$1,610,143
66$2,269,123$551,975$275,985$1,670,945
67$2,412,903$491,351$197,559$1,736,766
68$2,568,586$424,995$113,746$1,808,161
69$2,737,301$352,539$24,275$1,885,747
70$2,920,287$273,594$0$1,970,207
71$3,118,906$187,750$0$2,079,776
72$3,334,658$94,574$0$2,205,313
73$3,569,192$0$0$2,341,864
74$3,824,322$0$0$2,491,737
75$4,102,044$0$0$2,674,204
76$4,404,554$0$0$2,873,025
77$4,734,270$0$0$3,089,796
78$5,093,851$0$0$3,326,275
79$5,486,224$0$0$3,584,396
80$5,914,613$0$0$3,866,290
81$6,382,564$0$0$4,174,299
82$6,893,984$0$0$4,511,005
83$7,453,171$0$0$4,879,249
84$8,064,858$0$0$5,282,160
85$8,734,259$0$0$5,723,183
86$9,467,113$0$0$6,206,111
87$10,269,740$0$0$6,735,121
88$11,149,099$0$0$7,314,814
89$12,112,856$0$0$7,950,255
90$13,169,452$0$0$8,647,026
91$14,328,186$0$0$9,411,271
92$15,599,297$0$0$10,249,760
93$16,994,065$0$0$11,169,949
94$18,524,914$0$0$12,180,051
95$20,205,529$0$0$13,289,112
96$22,050,986$0$0$14,507,098
97$24,077,892$0$0$15,844,988
98$26,304,539$0$0$17,314,875
99$28,751,081$0$0$18,930,081
100$31,439,720$0$0$20,705,285