Can I retire at age 51 with 923,000?

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 $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%14.5%
1 years$76,220$75,542$74,879$74,233$73,601$72,233
2 years$37,733$37,030$36,349$35,689$35,048$33,675
3 years$24,905$24,200$23,520$22,866$22,236$20,901
4 years$18,493$17,789$17,117$16,474$15,859$14,572
5 years$14,646$13,947$13,283$12,653$12,056$10,820
6 years$12,083$11,389$10,735$10,119$9,539$8,357
7 years$10,253$9,564$8,921$8,319$7,758$6,629
8 years$8,880$8,198$7,565$6,979$6,436$5,360
9 years$7,814$7,138$6,516$5,945$5,420$4,396
10 years$6,961$6,292$5,681$5,124$4,618$3,646
11 years$6,264$5,601$5,001$4,460$3,972$3,049
12 years$5,683$5,027$4,439$3,912$3,442$2,569
13 years$5,192$4,543$3,966$3,453$3,001$2,176
14 years$4,772$4,130$3,563$3,066$2,631$1,851
15 years$4,407$3,773$3,217$2,734$2,317$1,582
16 years$4,089$3,461$2,917$2,448$2,047$1,355
17 years$3,809$3,188$2,654$2,199$1,815$1,165
18 years$3,560$2,946$2,423$1,982$1,614$1,003
19 years$3,337$2,730$2,218$1,791$1,439$866
20 years$3,137$2,537$2,036$1,622$1,285$748
21 years$2,956$2,363$1,872$1,472$1,150$648
22 years$2,792$2,206$1,726$1,339$1,031$561
23 years$2,642$2,063$1,593$1,219$925$487
24 years$2,505$1,933$1,474$1,112$832$423
25 years$2,380$1,814$1,365$1,015$748$367
26 years$2,264$1,705$1,266$928$674$319
27 years$2,157$1,604$1,175$850$608$278
28 years$2,057$1,512$1,093$779$548$242
29 years$1,965$1,426$1,017$714$495$211
30 years$1,879$1,347$947$655$447$183
31 years$1,799$1,273$883$602$405$160
32 years$1,723$1,205$824$553$366$139
33 years$1,653$1,141$769$509$331$121
34 years$1,587$1,081$719$468$300$106
35 years$1,525$1,026$672$431$272$92
36 years$1,466$973$629$397$246$81
37 years$1,411$925$588$366$223$70
38 years$1,358$879$551$337$202$61
39 years$1,309$836$516$311$183$54
40 years$1,262$795$484$287$166$47
41 years$1,217$757$454$264$151$41
42 years$1,175$721$426$244$137$36
43 years$1,135$687$399$225$124$31
44 years$1,097$655$375$208$113$27
45 years$1,060$624$352$192$102$24
46 years$1,025$595$331$177$93$21
47 years$992$568$311$164$84$18
48 years$961$542$292$151$77$16
49 years$930$518$274$140$70$14
50 years$901$495$258$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $923,000, adding $3,953 every year, while hoping to spend $25,932 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: 33/39/28 Blend
50$923,000$923,000$923,000$923,000
51$1,021,224$972,305$957,998$1,046,130
52$1,097,797$992,356$962,500$1,085,450
53$1,181,312$1,012,521$966,283$1,125,220
54$1,272,448$1,032,777$969,296$1,167,577
55$1,371,956$1,053,102$971,486$1,212,770
56$1,480,660$1,073,468$972,795$1,261,072
57$1,599,468$1,093,848$973,164$1,312,783
58$1,729,379$1,114,212$972,530$1,368,237
59$1,871,494$1,134,527$970,828$1,427,803
60$2,027,025$1,154,758$967,990$1,491,885
61$2,197,306$1,174,865$963,942$1,560,934
62$2,383,808$1,194,810$958,610$1,635,445
63$2,588,147$1,214,546$951,914$1,715,965
64$2,812,106$1,234,027$943,772$1,803,100
65$3,057,648$1,253,202$934,095$1,897,516
66$3,326,934$1,272,015$922,794$1,999,952
67$3,622,346$1,290,408$909,772$2,111,222
68$3,946,506$1,308,319$894,930$2,232,225
69$4,302,303$1,325,680$878,164$2,363,953
70$4,692,919$1,342,419$859,363$2,507,503
71$5,121,859$1,358,460$838,414$2,664,086
72$5,592,983$1,373,719$815,195$2,835,036
73$6,110,546$1,388,110$789,583$3,021,830
74$6,679,234$1,401,540$761,446$3,226,094
75$7,304,208$1,413,908$730,647$3,449,626
76$7,991,156$1,425,108$697,043$3,694,410
77$8,746,344$1,435,027$660,483$3,962,633
78$9,576,673$1,443,545$620,811$4,256,713
79$10,489,748$1,450,535$577,864$4,579,314
80$11,493,950$1,455,858$531,469$4,933,379
81$12,598,509$1,459,371$481,450$5,322,155
82$13,813,597$1,460,920$427,618$5,749,222
83$15,150,420$1,460,341$369,779$6,218,534
84$16,621,326$1,457,461$307,730$6,734,450
85$18,239,919$1,452,095$241,257$7,301,782
86$20,021,190$1,444,047$170,138$7,925,837
87$21,981,656$1,433,110$94,142$8,612,469
88$24,139,516$1,419,063$13,027$9,368,136
89$26,514,823$1,401,674$0$10,199,964
90$29,129,674$1,380,695$0$11,137,779
91$32,008,415$1,355,863$0$12,173,862
92$35,177,874$1,326,901$0$13,313,957
93$38,667,613$1,293,515$0$14,568,694
94$42,510,206$1,255,394$0$15,949,791
95$46,741,546$1,212,207$0$17,470,165
96$51,401,185$1,163,606$0$19,144,057
97$56,532,704$1,109,221$0$20,987,163
98$62,184,130$1,048,663$0$23,016,788
99$68,408,381$981,517$0$25,252,007
100$75,263,772$907,348$0$27,713,846