Can I retire at age 51 with 924,000?

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 $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%11.5%
1 years$76,303$75,623$74,960$74,313$73,681$73,217
2 years$37,774$37,070$36,388$35,727$35,086$34,618
3 years$24,932$24,226$23,546$22,891$22,260$21,802
4 years$18,513$17,809$17,135$16,492$15,876$15,432
5 years$14,662$13,962$13,298$12,667$12,069$11,640
6 years$12,096$11,401$10,747$10,130$9,550$9,137
7 years$10,264$9,575$8,930$8,328$7,766$7,370
8 years$8,890$8,207$7,574$6,987$6,443$6,062
9 years$7,822$7,146$6,523$5,951$5,426$5,061
10 years$6,968$6,299$5,687$5,130$4,623$4,274
11 years$6,270$5,607$5,007$4,464$3,976$3,643
12 years$5,689$5,033$4,443$3,916$3,446$3,127
13 years$5,198$4,548$3,970$3,457$3,005$2,701
14 years$4,777$4,134$3,567$3,069$2,634$2,345
15 years$4,412$3,777$3,221$2,737$2,319$2,045
16 years$4,094$3,465$2,920$2,451$2,050$1,789
17 years$3,813$3,191$2,657$2,202$1,817$1,570
18 years$3,564$2,949$2,425$1,984$1,616$1,381
19 years$3,341$2,733$2,220$1,793$1,440$1,218
20 years$3,140$2,540$2,038$1,624$1,286$1,077
21 years$2,959$2,366$1,874$1,474$1,151$953
22 years$2,795$2,208$1,728$1,340$1,032$845
23 years$2,645$2,065$1,595$1,220$926$750
24 years$2,508$1,935$1,475$1,113$833$666
25 years$2,382$1,816$1,366$1,017$749$593
26 years$2,266$1,707$1,267$929$675$528
27 years$2,159$1,606$1,177$851$608$470
28 years$2,059$1,513$1,094$779$549$419
29 years$1,967$1,428$1,018$715$496$374
30 years$1,881$1,348$948$656$448$334
31 years$1,800$1,275$884$602$405$298
32 years$1,725$1,206$825$554$366$267
33 years$1,655$1,142$770$509$332$238
34 years$1,589$1,083$720$468$300$213
35 years$1,526$1,027$673$431$272$191
36 years$1,468$975$629$397$246$171
37 years$1,412$926$589$366$223$153
38 years$1,360$880$552$337$202$137
39 years$1,310$836$517$311$184$122
40 years$1,263$796$484$287$166$110
41 years$1,219$758$454$265$151$98
42 years$1,176$721$426$244$137$88
43 years$1,136$687$400$225$124$79
44 years$1,098$655$375$208$113$71
45 years$1,061$625$352$192$102$63
46 years$1,027$596$331$178$93$57
47 years$993$569$311$164$84$51
48 years$962$543$292$152$77$46
49 years$931$519$275$140$70$41
50 years$902$495$258$130$63$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $924,000, adding $4,325 every year, while hoping to spend $55,505 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: 32/41/27 Blend
50$924,000$924,000$924,000$924,000
51$1,022,709$973,737$959,415$1,046,887
52$1,067,969$962,393$932,499$1,054,382
53$1,115,984$948,634$902,820$1,057,229
54$1,166,979$932,281$870,229$1,059,203
55$1,221,195$913,147$834,566$1,060,263
56$1,278,900$891,034$795,667$1,060,373
57$1,340,385$865,732$753,359$1,059,497
58$1,405,968$837,017$707,461$1,057,601
59$1,476,001$804,655$657,784$1,054,655
60$1,550,865$768,395$604,133$1,050,632
61$1,630,982$727,975$546,299$1,045,509
62$1,716,811$683,115$484,069$1,039,269
63$1,808,858$633,520$417,218$1,031,900
64$1,907,678$578,878$345,511$1,023,399
65$2,013,877$518,859$268,702$1,013,770
66$2,128,125$453,116$186,536$1,003,026
67$2,251,155$381,279$98,746$991,195
68$2,383,771$302,961$5,052$978,315
69$2,526,859$217,749$0$964,441
70$2,681,390$125,210$0$976,992
71$2,848,431$24,885$0$992,043
72$3,029,158$0$0$1,008,341
73$3,224,860$0$0$1,063,886
74$3,436,955$0$0$1,136,370
75$3,667,003$0$0$1,215,111
76$3,916,720$0$0$1,300,714
77$4,187,992$0$0$1,393,840
78$4,482,894$0$0$1,495,220
79$4,803,710$0$0$1,605,655
80$5,152,951$0$0$1,726,029
81$5,533,382$0$0$1,857,314
82$5,948,044$0$0$2,000,580
83$6,400,284$0$0$2,157,005
84$6,893,787$0$0$2,327,884
85$7,432,609$0$0$2,514,645
86$8,021,213$0$0$2,718,859
87$8,664,516$0$0$2,942,257
88$9,367,927$0$0$3,186,742
89$10,137,404$0$0$3,454,412
90$10,979,508$0$0$3,747,578
91$11,901,461$0$0$4,068,782
92$12,911,217$0$0$4,420,826
93$14,017,537$0$0$4,806,794
94$15,230,067$0$0$5,230,086
95$16,559,430$0$0$5,694,442
96$18,017,330$0$0$6,203,986
97$19,616,654$0$0$6,763,258
98$21,371,598$0$0$7,377,259
99$23,297,798$0$0$8,051,499
100$25,412,480$0$0$8,792,047