Can I retire at age 51 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$76,303$75,623$74,960$74,313$73,681$71,871
2 years$37,774$37,070$36,388$35,727$35,086$33,273
3 years$24,932$24,226$23,546$22,891$22,260$20,502
4 years$18,513$17,809$17,135$16,492$15,876$14,185
5 years$14,662$13,962$13,298$12,667$12,069$10,451
6 years$12,096$11,401$10,747$10,130$9,550$8,006
7 years$10,264$9,575$8,930$8,328$7,766$6,297
8 years$8,890$8,207$7,574$6,987$6,443$5,047
9 years$7,822$7,146$6,523$5,951$5,426$4,103
10 years$6,968$6,299$5,687$5,130$4,623$3,371
11 years$6,270$5,607$5,007$4,464$3,976$2,793
12 years$5,689$5,033$4,443$3,916$3,446$2,330
13 years$5,198$4,548$3,970$3,457$3,005$1,954
14 years$4,777$4,134$3,567$3,069$2,634$1,646
15 years$4,412$3,777$3,221$2,737$2,319$1,391
16 years$4,094$3,465$2,920$2,451$2,050$1,180
17 years$3,813$3,191$2,657$2,202$1,817$1,003
18 years$3,564$2,949$2,425$1,984$1,616$854
19 years$3,341$2,733$2,220$1,793$1,440$729
20 years$3,140$2,540$2,038$1,624$1,286$623
21 years$2,959$2,366$1,874$1,474$1,151$533
22 years$2,795$2,208$1,728$1,340$1,032$457
23 years$2,645$2,065$1,595$1,220$926$391
24 years$2,508$1,935$1,475$1,113$833$336
25 years$2,382$1,816$1,366$1,017$749$288
26 years$2,266$1,707$1,267$929$675$248
27 years$2,159$1,606$1,177$851$608$213
28 years$2,059$1,513$1,094$779$549$183
29 years$1,967$1,428$1,018$715$496$158
30 years$1,881$1,348$948$656$448$136
31 years$1,800$1,275$884$602$405$117
32 years$1,725$1,206$825$554$366$100
33 years$1,655$1,142$770$509$332$86
34 years$1,589$1,083$720$468$300$74
35 years$1,526$1,027$673$431$272$64
36 years$1,468$975$629$397$246$55
37 years$1,412$926$589$366$223$48
38 years$1,360$880$552$337$202$41
39 years$1,310$836$517$311$184$35
40 years$1,263$796$484$287$166$30
41 years$1,219$758$454$265$151$26
42 years$1,176$721$426$244$137$23
43 years$1,136$687$400$225$124$19
44 years$1,098$655$375$208$113$17
45 years$1,061$625$352$192$102$14
46 years$1,027$596$331$178$93$12
47 years$993$569$311$164$84$11
48 years$962$543$292$152$77$9
49 years$931$519$275$140$70$8
50 years$902$495$258$130$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $924,000, adding $6,507 every year, while hoping to spend $20,372 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: 37/47/16 Blend
50$924,000$924,000$924,000$924,000
51$1,024,960$975,988$961,666$1,057,686
52$1,107,830$1,002,136$972,206$1,107,987
53$1,198,470$1,028,882$982,417$1,159,865
54$1,297,652$1,056,234$992,265$1,215,466
55$1,406,223$1,084,201$1,001,717$1,275,134
56$1,525,119$1,112,788$1,010,735$1,339,248
57$1,655,370$1,142,003$1,019,284$1,408,225
58$1,798,109$1,171,852$1,027,321$1,482,524
59$1,954,585$1,202,342$1,034,805$1,562,649
60$2,126,173$1,233,477$1,041,691$1,649,158
61$2,314,388$1,265,263$1,047,933$1,742,662
62$2,520,898$1,297,703$1,053,482$1,843,836
63$2,747,541$1,330,803$1,058,285$1,953,422
64$2,996,342$1,364,563$1,062,289$2,072,239
65$3,269,529$1,398,987$1,065,436$2,201,186
66$3,569,560$1,434,077$1,067,667$2,341,257
67$3,899,140$1,469,831$1,068,919$2,493,545
68$4,261,249$1,506,250$1,069,125$2,659,253
69$4,659,173$1,543,333$1,068,217$2,839,709
70$5,096,528$1,581,075$1,066,121$3,036,375
71$5,577,300$1,619,474$1,062,762$3,250,860
72$6,105,880$1,658,523$1,058,060$3,484,939
73$6,687,105$1,698,217$1,051,931$3,740,568
74$7,326,306$1,738,545$1,044,286$4,019,902
75$8,029,354$1,779,499$1,035,035$4,325,314
76$8,802,720$1,821,066$1,024,080$4,659,421
77$9,653,532$1,863,233$1,011,322$5,025,105
78$10,589,644$1,905,983$996,653$5,425,545
79$11,619,710$1,949,299$979,963$5,864,242
80$12,753,266$1,993,160$961,137$6,345,054
81$14,000,817$2,037,543$940,053$6,872,234
82$15,373,940$2,082,422$916,585$7,450,468
83$16,885,390$2,127,770$890,599$8,084,922
84$18,549,223$2,173,553$861,957$8,781,287
85$20,380,924$2,219,738$830,513$9,545,838
86$22,397,559$2,266,285$796,116$10,385,488
87$24,617,930$2,313,154$758,606$11,307,857
88$27,062,758$2,360,298$717,818$12,321,343
89$29,754,873$2,407,666$673,579$13,435,202
90$32,719,433$2,455,204$625,707$14,659,636
91$35,984,159$2,502,853$574,012$16,005,886
92$39,579,599$2,550,548$518,296$17,486,344
93$43,539,412$2,598,219$458,354$19,114,665
94$47,900,691$2,645,791$393,968$20,905,902
95$52,704,309$2,693,183$324,913$22,876,642
96$57,995,306$2,740,305$250,954$25,045,167
97$63,823,311$2,787,064$171,845$27,431,627
98$70,243,016$2,833,357$87,329$30,058,228
99$77,314,687$2,879,076$0$32,949,446
100$85,104,735$2,924,101$0$36,132,743