Can I retire at age 51 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$76,220$75,542$74,879$74,233$73,601$71,018
2 years$37,733$37,030$36,349$35,689$35,048$32,473
3 years$24,905$24,200$23,520$22,866$22,236$19,749
4 years$18,493$17,789$17,117$16,474$15,859$13,480
5 years$14,646$13,947$13,283$12,653$12,056$9,791
6 years$12,083$11,389$10,735$10,119$9,539$7,390
7 years$10,253$9,564$8,921$8,319$7,758$5,724
8 years$8,880$8,198$7,565$6,979$6,436$4,516
9 years$7,814$7,138$6,516$5,945$5,420$3,611
10 years$6,961$6,292$5,681$5,124$4,618$2,917
11 years$6,264$5,601$5,001$4,460$3,972$2,375
12 years$5,683$5,027$4,439$3,912$3,442$1,946
13 years$5,192$4,543$3,966$3,453$3,001$1,603
14 years$4,772$4,130$3,563$3,066$2,631$1,325
15 years$4,407$3,773$3,217$2,734$2,317$1,099
16 years$4,089$3,461$2,917$2,448$2,047$914
17 years$3,809$3,188$2,654$2,199$1,815$762
18 years$3,560$2,946$2,423$1,982$1,614$636
19 years$3,337$2,730$2,218$1,791$1,439$532
20 years$3,137$2,537$2,036$1,622$1,285$445
21 years$2,956$2,363$1,872$1,472$1,150$373
22 years$2,792$2,206$1,726$1,339$1,031$313
23 years$2,642$2,063$1,593$1,219$925$263
24 years$2,505$1,933$1,474$1,112$832$221
25 years$2,380$1,814$1,365$1,015$748$185
26 years$2,264$1,705$1,266$928$674$156
27 years$2,157$1,604$1,175$850$608$131
28 years$2,057$1,512$1,093$779$548$110
29 years$1,965$1,426$1,017$714$495$93
30 years$1,879$1,347$947$655$447$78
31 years$1,799$1,273$883$602$405$66
32 years$1,723$1,205$824$553$366$55
33 years$1,653$1,141$769$509$331$47
34 years$1,587$1,081$719$468$300$39
35 years$1,525$1,026$672$431$272$33
36 years$1,466$973$629$397$246$28
37 years$1,411$925$588$366$223$23
38 years$1,358$879$551$337$202$20
39 years$1,309$836$516$311$183$17
40 years$1,262$795$484$287$166$14
41 years$1,217$757$454$264$151$12
42 years$1,175$721$426$244$137$10
43 years$1,135$687$399$225$124$8
44 years$1,097$655$375$208$113$7
45 years$1,060$624$352$192$102$6
46 years$1,025$595$331$177$93$5
47 years$992$568$311$164$84$4
48 years$961$542$292$151$77$4
49 years$930$518$274$140$70$3
50 years$901$495$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $923,000, adding $5,998 every year, while hoping to spend $46,364 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: 31/41/28 Blend
50$923,000$923,000$923,000$923,000
51$1,023,333$974,414$960,107$1,046,135
52$1,078,382$972,829$942,940$1,062,683
53$1,137,492$969,613$923,644$1,076,003
54$1,201,029$964,636$902,098$1,089,431
55$1,269,392$957,762$878,177$1,103,008
56$1,343,024$948,846$851,750$1,116,784
57$1,422,407$937,734$822,678$1,130,818
58$1,508,072$924,263$790,817$1,145,180
59$1,600,603$908,260$756,017$1,159,952
60$1,700,642$889,542$718,121$1,175,228
61$1,808,893$867,915$676,964$1,191,119
62$1,926,132$843,174$632,374$1,207,752
63$2,053,210$815,102$584,171$1,225,271
64$2,191,064$783,469$532,167$1,243,844
65$2,340,725$748,031$476,167$1,263,663
66$2,503,325$708,532$415,966$1,284,943
67$2,680,112$664,698$351,348$1,307,932
68$2,872,457$616,241$282,092$1,332,910
69$3,081,869$562,858$207,963$1,360,194
70$3,310,008$504,227$128,719$1,390,143
71$3,558,702$440,007$44,103$1,423,161
72$3,829,961$369,839$0$1,459,705
73$4,125,999$293,343$0$1,514,087
74$4,449,252$210,118$0$1,588,043
75$4,802,403$119,741$0$1,669,114
76$5,188,405$21,765$0$1,758,117
77$5,610,507$0$0$1,855,959
78$6,072,290$0$0$2,001,672
79$6,577,694$0$0$2,172,036
80$7,131,059$0$0$2,358,714
81$7,737,164$0$0$2,563,333
82$8,401,273$0$0$2,787,691
83$9,129,180$0$0$3,033,765
84$9,927,270$0$0$3,303,732
85$10,802,572$0$0$3,599,993
86$11,762,831$0$0$3,925,190
87$12,816,576$0$0$4,282,233
88$13,973,202$0$0$4,674,331
89$15,243,058$0$0$5,105,014
90$16,637,544$0$0$5,578,175
91$18,169,217$0$0$6,098,101
92$19,851,913$0$0$6,669,514
93$21,700,871$0$0$7,297,618
94$23,732,880$0$0$7,988,144
95$25,966,438$0$0$8,747,409
96$28,421,923$0$0$9,582,369
97$31,121,784$0$0$10,500,691
98$34,090,757$0$0$11,510,821
99$37,356,093$0$0$12,622,064
100$40,947,818$0$0$13,844,674