Can I retire at age 51 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$76,468$75,787$75,123$74,474$73,841$73,191
2 years$37,856$37,151$36,467$35,805$35,162$34,508
3 years$24,986$24,278$23,597$22,940$22,308$21,669
4 years$18,553$17,847$17,172$16,527$15,910$15,292
5 years$14,694$13,992$13,326$12,695$12,095$11,498
6 years$12,122$11,426$10,770$10,152$9,570$8,996
7 years$10,286$9,595$8,950$8,346$7,783$7,232
8 years$8,909$8,225$7,590$7,002$6,457$5,929
9 years$7,839$7,161$6,537$5,964$5,438$4,933
10 years$6,984$6,312$5,699$5,141$4,633$4,151
11 years$6,284$5,620$5,018$4,474$3,985$3,524
12 years$5,701$5,044$4,453$3,924$3,453$3,014
13 years$5,209$4,558$3,978$3,465$3,011$2,594
14 years$4,787$4,143$3,575$3,076$2,640$2,243
15 years$4,422$3,785$3,227$2,743$2,324$1,948
16 years$4,103$3,473$2,926$2,456$2,054$1,697
17 years$3,821$3,198$2,663$2,207$1,821$1,483
18 years$3,571$2,955$2,431$1,989$1,619$1,300
19 years$3,348$2,739$2,225$1,797$1,443$1,141
20 years$3,147$2,545$2,042$1,627$1,289$1,004
21 years$2,966$2,371$1,878$1,477$1,154$885
22 years$2,801$2,213$1,731$1,343$1,034$781
23 years$2,651$2,070$1,598$1,223$928$690
24 years$2,514$1,939$1,478$1,115$834$610
25 years$2,387$1,820$1,369$1,019$751$541
26 years$2,271$1,710$1,270$931$676$479
27 years$2,164$1,610$1,179$853$610$425
28 years$2,064$1,517$1,096$781$550$377
29 years$1,971$1,431$1,020$716$497$335
30 years$1,885$1,351$950$657$449$297
31 years$1,804$1,277$886$604$406$264
32 years$1,729$1,209$827$555$367$235
33 years$1,658$1,145$772$510$332$209
34 years$1,592$1,085$721$469$301$186
35 years$1,530$1,029$674$432$272$166
36 years$1,471$977$631$398$247$147
37 years$1,415$928$590$367$224$131
38 years$1,363$882$553$338$203$117
39 years$1,313$838$518$312$184$104
40 years$1,266$798$485$287$167$93
41 years$1,221$759$455$265$151$83
42 years$1,179$723$427$245$137$74
43 years$1,139$689$401$226$125$66
44 years$1,100$657$376$209$113$59
45 years$1,064$626$353$193$103$52
46 years$1,029$597$332$178$93$47
47 years$995$570$312$164$85$41
48 years$964$544$293$152$77$37
49 years$933$520$275$140$70$33
50 years$904$496$259$130$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $926,000, adding $2,217 every year, while hoping to spend $24,168 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: 40/34/26 Blend
50$926,000$926,000$926,000$926,000
51$1,022,739$973,661$959,308$1,055,713
52$1,101,344$995,656$965,730$1,101,786
53$1,187,156$1,017,918$971,557$1,149,171
54$1,280,886$1,040,436$976,745$1,199,968
55$1,383,314$1,063,196$981,244$1,254,502
56$1,495,301$1,086,181$985,004$1,313,133
57$1,617,794$1,109,376$987,974$1,376,259
58$1,751,836$1,132,762$990,097$1,444,318
59$1,898,573$1,156,318$991,316$1,517,794
60$2,059,272$1,180,021$991,569$1,597,219
61$2,235,324$1,203,848$990,793$1,683,181
62$2,428,262$1,227,772$988,920$1,776,328
63$2,639,775$1,251,764$985,879$1,877,376
64$2,871,724$1,275,791$981,597$1,987,113
65$3,126,155$1,299,821$975,997$2,106,410
66$3,405,327$1,323,816$968,997$2,236,226
67$3,711,724$1,347,737$960,511$2,377,620
68$4,048,083$1,371,539$950,452$2,531,759
69$4,417,421$1,395,178$938,726$2,699,931
70$4,823,059$1,418,602$925,234$2,883,556
71$5,268,656$1,441,759$909,874$3,084,201
72$5,758,244$1,464,590$892,540$3,303,593
73$6,296,264$1,487,034$873,119$3,543,638
74$6,887,608$1,509,024$851,494$3,806,437
75$7,537,666$1,530,489$827,541$4,094,309
76$8,252,378$1,551,353$801,134$4,409,808
77$9,038,285$1,571,533$772,136$4,755,755
78$9,902,596$1,590,944$740,409$5,135,257
79$10,853,252$1,609,492$705,804$5,551,743
80$11,899,004$1,627,077$668,168$6,008,993
81$13,049,492$1,643,594$627,342$6,511,176
82$14,315,339$1,658,929$583,156$7,062,889
83$15,708,249$1,672,961$535,437$7,669,202
84$17,241,117$1,685,563$484,001$8,335,703
85$18,928,152$1,696,596$428,656$9,068,556
86$20,785,010$1,705,916$369,203$9,874,557
87$22,828,943$1,713,368$305,433$10,761,199
88$25,078,959$1,718,787$237,128$11,736,743
89$27,556,002$1,721,997$164,062$12,810,299
90$30,283,152$1,722,813$85,995$13,991,909
91$33,285,839$1,721,036$2,682$15,292,647
92$36,592,085$1,716,457$0$16,724,720
93$40,232,767$1,708,853$0$18,325,508
94$44,241,911$1,697,988$0$20,088,278
95$48,657,006$1,683,610$0$22,028,721
96$53,519,368$1,665,455$0$24,164,952
97$58,874,521$1,643,239$0$26,516,938
98$64,772,628$1,616,664$0$29,106,683
99$71,268,969$1,585,413$0$31,958,441
100$78,424,457$1,549,152$0$35,098,942