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%16.6%
1 years$76,468$75,787$75,123$74,474$73,841$71,851
2 years$37,856$37,151$36,467$35,805$35,162$33,172
3 years$24,986$24,278$23,597$22,940$22,308$20,380
4 years$18,553$17,847$17,172$16,527$15,910$14,059
5 years$14,694$13,992$13,326$12,695$12,095$10,325
6 years$12,122$11,426$10,770$10,152$9,570$7,883
7 years$10,286$9,595$8,950$8,346$7,783$6,179
8 years$8,909$8,225$7,590$7,002$6,457$4,936
9 years$7,839$7,161$6,537$5,964$5,438$3,997
10 years$6,984$6,312$5,699$5,141$4,633$3,272
11 years$6,284$5,620$5,018$4,474$3,985$2,701
12 years$5,701$5,044$4,453$3,924$3,453$2,244
13 years$5,209$4,558$3,978$3,465$3,011$1,874
14 years$4,787$4,143$3,575$3,076$2,640$1,572
15 years$4,422$3,785$3,227$2,743$2,324$1,324
16 years$4,103$3,473$2,926$2,456$2,054$1,118
17 years$3,821$3,198$2,663$2,207$1,821$946
18 years$3,571$2,955$2,431$1,989$1,619$802
19 years$3,348$2,739$2,225$1,797$1,443$681
20 years$3,147$2,545$2,042$1,627$1,289$580
21 years$2,966$2,371$1,878$1,477$1,154$494
22 years$2,801$2,213$1,731$1,343$1,034$421
23 years$2,651$2,070$1,598$1,223$928$359
24 years$2,514$1,939$1,478$1,115$834$307
25 years$2,387$1,820$1,369$1,019$751$262
26 years$2,271$1,710$1,270$931$676$224
27 years$2,164$1,610$1,179$853$610$192
28 years$2,064$1,517$1,096$781$550$164
29 years$1,971$1,431$1,020$716$497$140
30 years$1,885$1,351$950$657$449$120
31 years$1,804$1,277$886$604$406$103
32 years$1,729$1,209$827$555$367$88
33 years$1,658$1,145$772$510$332$76
34 years$1,592$1,085$721$469$301$65
35 years$1,530$1,029$674$432$272$55
36 years$1,471$977$631$398$247$48
37 years$1,415$928$590$367$224$41
38 years$1,363$882$553$338$203$35
39 years$1,313$838$518$312$184$30
40 years$1,266$798$485$287$167$26
41 years$1,221$759$455$265$151$22
42 years$1,179$723$427$245$137$19
43 years$1,139$689$401$226$125$16
44 years$1,100$657$376$209$113$14
45 years$1,064$626$353$193$103$12
46 years$1,029$597$332$178$93$10
47 years$995$570$312$164$85$9
48 years$964$544$293$152$77$8
49 years$933$520$275$140$70$6
50 years$904$496$259$130$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $926,000, adding $2,938 every year, while hoping to spend $57,153 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: 72/21/7 Blend
50$926,000$926,000$926,000$926,000
51$1,023,483$974,405$960,052$1,095,918
52$1,067,067$961,340$931,403$1,131,044
53$1,113,182$945,720$899,879$1,162,077
54$1,162,025$927,358$865,323$1,194,456
55$1,213,812$906,059$827,572$1,228,298
56$1,268,779$881,614$786,453$1,263,732
57$1,327,183$853,802$741,789$1,300,901
58$1,389,309$822,391$693,391$1,339,966
59$1,455,463$787,133$641,065$1,381,102
60$1,525,986$747,768$584,606$1,424,506
61$1,601,247$704,019$523,800$1,470,395
62$1,681,652$655,594$458,426$1,519,013
63$1,767,646$602,184$388,249$1,570,626
64$1,859,718$543,463$313,027$1,625,534
65$1,958,401$479,085$232,506$1,684,066
66$2,064,284$408,686$146,420$1,746,588
67$2,178,010$331,880$54,494$1,813,507
68$2,300,285$248,260$0$1,885,273
69$2,431,886$157,397$0$1,965,643
70$2,573,666$58,837$0$2,056,469
71$2,726,559$0$0$2,154,314
72$2,891,594$0$0$2,270,950
73$3,069,901$0$0$2,411,690
74$3,262,721$0$0$2,563,922
75$3,471,419$0$0$2,728,729
76$3,697,495$0$0$2,907,299
77$3,942,599$0$0$3,100,941
78$4,208,544$0$0$3,311,093
79$4,497,325$0$0$3,539,338
80$4,811,136$0$0$3,787,414
81$5,152,391$0$0$4,057,236
82$5,523,745$0$0$4,350,911
83$5,928,121$0$0$4,670,756
84$6,368,733$0$0$5,019,320
85$6,849,120$0$0$5,399,411
86$7,373,176$0$0$5,814,116
87$7,945,186$0$0$6,266,837
88$8,569,871$0$0$6,761,315
89$9,252,422$0$0$7,301,670
90$9,998,560$0$0$7,892,439
91$10,814,578$0$0$8,538,615
92$11,707,410$0$0$9,245,697
93$12,684,688$0$0$10,019,740
94$13,754,816$0$0$10,867,411
95$14,927,050$0$0$11,796,054
96$16,211,584$0$0$12,813,752
97$17,619,642$0$0$13,929,413
98$19,163,588$0$0$15,152,844
99$20,857,039$0$0$16,494,848
100$22,714,993$0$0$17,967,323