Can I retire at age 51 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,551$75,869$75,204$74,554$73,920$71,987
2 years$37,896$37,191$36,507$35,843$35,200$33,266
3 years$25,013$24,304$23,622$22,965$22,332$20,457
4 years$18,573$17,866$17,191$16,545$15,928$14,126
5 years$14,710$14,007$13,341$12,708$12,108$10,385
6 years$12,135$11,438$10,781$10,163$9,581$7,938
7 years$10,297$9,606$8,959$8,355$7,792$6,230
8 years$8,919$8,234$7,598$7,009$6,464$4,981
9 years$7,848$7,169$6,544$5,970$5,444$4,039
10 years$6,991$6,319$5,706$5,146$4,638$3,311
11 years$6,291$5,626$5,023$4,479$3,989$2,736
12 years$5,708$5,049$4,458$3,929$3,457$2,276
13 years$5,215$4,563$3,983$3,468$3,014$1,904
14 years$4,792$4,148$3,579$3,079$2,642$1,599
15 years$4,427$3,789$3,231$2,746$2,327$1,348
16 years$4,107$3,476$2,929$2,459$2,056$1,140
17 years$3,825$3,202$2,666$2,209$1,823$966
18 years$3,575$2,958$2,433$1,991$1,621$821
19 years$3,352$2,742$2,228$1,799$1,445$698
20 years$3,151$2,548$2,044$1,629$1,291$595
21 years$2,969$2,373$1,880$1,479$1,155$507
22 years$2,804$2,215$1,733$1,344$1,035$433
23 years$2,654$2,072$1,600$1,224$929$370
24 years$2,516$1,941$1,480$1,117$835$317
25 years$2,390$1,822$1,371$1,020$752$271
26 years$2,273$1,712$1,271$932$677$232
27 years$2,166$1,611$1,180$854$610$199
28 years$2,066$1,518$1,097$782$551$170
29 years$1,973$1,432$1,021$717$497$146
30 years$1,887$1,353$951$658$449$125
31 years$1,806$1,279$887$604$406$108
32 years$1,731$1,210$827$555$368$92
33 years$1,660$1,146$773$511$333$79
34 years$1,594$1,086$722$470$301$68
35 years$1,531$1,030$675$433$273$58
36 years$1,472$978$631$398$247$50
37 years$1,417$929$591$367$224$43
38 years$1,364$883$553$338$203$37
39 years$1,314$839$518$312$184$32
40 years$1,267$798$486$288$167$27
41 years$1,223$760$456$266$152$23
42 years$1,180$724$427$245$137$20
43 years$1,140$690$401$226$125$17
44 years$1,101$657$376$209$113$15
45 years$1,065$627$353$193$103$13
46 years$1,030$598$332$178$93$11
47 years$997$571$312$165$85$9
48 years$965$545$293$152$77$8
49 years$934$520$276$141$70$7
50 years$905$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $927,000, adding $5,535 every year, while hoping to spend $53,784 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: 21/50/29 Blend
50$927,000$927,000$927,000$927,000
51$1,027,263$978,132$963,764$1,039,297
52$1,074,818$968,835$938,824$1,041,452
53$1,125,422$957,280$911,246$1,038,936
54$1,179,327$943,299$880,885$1,035,082
55$1,236,812$926,714$847,589$1,029,814
56$1,298,183$907,339$811,199$1,023,058
57$1,363,773$884,974$771,550$1,014,736
58$1,433,948$859,408$728,467$1,004,771
59$1,509,110$830,418$681,770$993,085
60$1,589,698$797,768$631,268$979,598
61$1,676,196$761,207$576,765$964,232
62$1,769,134$720,473$518,052$946,910
63$1,869,094$675,284$454,915$927,555
64$1,976,714$625,345$387,127$906,092
65$2,092,696$570,344$314,453$882,448
66$2,217,810$509,950$236,646$856,556
67$2,352,903$443,814$153,450$828,351
68$2,498,906$371,567$64,597$797,774
69$2,656,840$292,819$0$764,774
70$2,827,828$207,159$0$738,661
71$3,013,108$114,151$0$731,986
72$3,214,037$13,336$0$724,815
73$3,432,108$0$0$717,236
74$3,668,965$0$0$762,055
75$3,926,415$0$0$818,893
76$4,206,447$0$0$880,871
77$4,511,247$0$0$948,491
78$4,843,223$0$0$1,022,309
79$5,205,023$0$0$1,102,933
80$5,599,561$0$0$1,191,037
81$6,030,047$0$0$1,287,358
82$6,500,012$0$0$1,392,711
83$7,013,342$0$0$1,507,993
84$7,574,317$0$0$1,634,191
85$8,187,649$0$0$1,772,390
86$8,858,524$0$0$1,923,789
87$9,592,654$0$0$2,089,704
88$10,396,328$0$0$2,271,588
89$11,276,471$0$0$2,471,039
90$12,240,709$0$0$2,689,819
91$13,297,443$0$0$2,929,866
92$14,455,921$0$0$3,193,317
93$15,726,331$0$0$3,482,525
94$17,119,893$0$0$3,800,082
95$18,648,968$0$0$4,148,844
96$20,327,168$0$0$4,531,955
97$22,169,489$0$0$4,952,882
98$24,192,448$0$0$5,415,442
99$26,414,242$0$0$5,923,839
100$28,854,915$0$0$6,482,708