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%15.5%
1 years$76,303$75,623$74,960$74,313$73,681$72,017
2 years$37,774$37,070$36,388$35,727$35,086$33,419
3 years$24,932$24,226$23,546$22,891$22,260$20,641
4 years$18,513$17,809$17,135$16,492$15,876$14,318
5 years$14,662$13,962$13,298$12,667$12,069$10,576
6 years$12,096$11,401$10,747$10,130$9,550$8,124
7 years$10,264$9,575$8,930$8,328$7,766$6,408
8 years$8,890$8,207$7,574$6,987$6,443$5,151
9 years$7,822$7,146$6,523$5,951$5,426$4,200
10 years$6,968$6,299$5,687$5,130$4,623$3,461
11 years$6,270$5,607$5,007$4,464$3,976$2,877
12 years$5,689$5,033$4,443$3,916$3,446$2,408
13 years$5,198$4,548$3,970$3,457$3,005$2,026
14 years$4,777$4,134$3,567$3,069$2,634$1,712
15 years$4,412$3,777$3,221$2,737$2,319$1,453
16 years$4,094$3,465$2,920$2,451$2,050$1,236
17 years$3,813$3,191$2,657$2,202$1,817$1,055
18 years$3,564$2,949$2,425$1,984$1,616$902
19 years$3,341$2,733$2,220$1,793$1,440$772
20 years$3,140$2,540$2,038$1,624$1,286$662
21 years$2,959$2,366$1,874$1,474$1,151$569
22 years$2,795$2,208$1,728$1,340$1,032$489
23 years$2,645$2,065$1,595$1,220$926$421
24 years$2,508$1,935$1,475$1,113$833$363
25 years$2,382$1,816$1,366$1,017$749$313
26 years$2,266$1,707$1,267$929$675$270
27 years$2,159$1,606$1,177$851$608$233
28 years$2,059$1,513$1,094$779$549$201
29 years$1,967$1,428$1,018$715$496$174
30 years$1,881$1,348$948$656$448$150
31 years$1,800$1,275$884$602$405$130
32 years$1,725$1,206$825$554$366$112
33 years$1,655$1,142$770$509$332$97
34 years$1,589$1,083$720$468$300$84
35 years$1,526$1,027$673$431$272$72
36 years$1,468$975$629$397$246$63
37 years$1,412$926$589$366$223$54
38 years$1,360$880$552$337$202$47
39 years$1,310$836$517$311$184$41
40 years$1,263$796$484$287$166$35
41 years$1,219$758$454$265$151$30
42 years$1,176$721$426$244$137$26
43 years$1,136$687$400$225$124$23
44 years$1,098$655$375$208$113$20
45 years$1,061$625$352$192$102$17
46 years$1,027$596$331$178$93$15
47 years$993$569$311$164$84$13
48 years$962$543$292$152$77$11
49 years$931$519$275$140$70$10
50 years$902$495$258$130$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $924,000, adding $5,852 every year, while hoping to spend $55,583 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: 73/11/16 Blend
50$924,000$924,000$924,000$924,000
51$1,024,284$975,312$960,990$1,094,932
52$1,069,621$963,963$934,044$1,131,192
53$1,117,720$950,194$904,331$1,163,542
54$1,168,803$933,829$871,702$1,197,516
55$1,223,115$914,680$835,998$1,233,263
56$1,280,921$892,549$797,052$1,270,947
57$1,342,515$867,224$754,694$1,310,749
58$1,408,216$838,482$708,741$1,352,873
59$1,478,375$806,088$659,004$1,397,542
60$1,553,375$769,793$605,287$1,445,003
61$1,633,638$729,331$547,382$1,495,531
62$1,719,625$684,424$485,076$1,549,429
63$1,811,843$634,777$418,141$1,607,034
64$1,910,846$580,076$346,344$1,668,717
65$2,017,245$519,992$269,439$1,734,891
66$2,131,708$454,176$187,170$1,806,011
67$2,254,971$382,260$99,269$1,882,582
68$2,387,840$303,853$5,456$1,965,163
69$2,531,202$218,544$0$2,054,370
70$2,686,031$125,899$0$2,167,048
71$2,853,396$25,458$0$2,289,836
72$3,034,475$0$0$2,422,692
73$3,230,560$0$0$2,576,676
74$3,443,072$0$0$2,746,935
75$3,673,575$0$0$2,931,645
76$3,923,788$0$0$3,132,187
77$4,195,600$0$0$3,350,083
78$4,491,093$0$0$3,587,004
79$4,812,553$0$0$3,844,790
80$5,162,499$0$0$4,125,465
81$5,543,699$0$0$4,431,258
82$5,959,203$0$0$4,764,618
83$6,412,364$0$0$5,128,245
84$6,906,875$0$0$5,525,107
85$7,446,801$0$0$5,958,473
86$8,036,615$0$0$6,431,941
87$8,681,243$0$0$6,949,472
88$9,386,107$0$0$7,515,429
89$10,157,177$0$0$8,134,611
90$11,001,028$0$0$8,812,308
91$11,924,898$0$0$9,554,340
92$12,936,758$0$0$10,367,120
93$14,045,387$0$0$11,257,708
94$15,260,452$0$0$12,233,880
95$16,592,600$0$0$13,304,200
96$18,053,558$0$0$14,478,100
97$19,656,242$0$0$15,765,970
98$21,414,878$0$0$17,179,251
99$23,345,137$0$0$18,730,550
100$25,464,279$0$0$20,433,750