Can I retire at age 51 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$76,633$75,951$75,285$74,635$74,000$73,227
2 years$37,937$37,231$36,546$35,882$35,238$34,460
3 years$25,040$24,331$23,648$22,990$22,357$21,597
4 years$18,593$17,886$17,209$16,563$15,945$15,210
5 years$14,726$14,023$13,355$12,722$12,121$11,413
6 years$12,148$11,450$10,793$10,174$9,591$8,910
7 years$10,308$9,616$8,969$8,364$7,800$7,147
8 years$8,929$8,243$7,606$7,017$6,471$5,846
9 years$7,856$7,177$6,551$5,977$5,449$4,852
10 years$6,999$6,326$5,712$5,152$4,643$4,073
11 years$6,298$5,632$5,028$4,484$3,993$3,450
12 years$5,714$5,055$4,463$3,933$3,460$2,943
13 years$5,220$4,568$3,987$3,472$3,018$2,526
14 years$4,797$4,152$3,582$3,082$2,645$2,179
15 years$4,431$3,793$3,234$2,749$2,329$1,887
16 years$4,111$3,480$2,933$2,461$2,058$1,639
17 years$3,829$3,205$2,668$2,211$1,825$1,429
18 years$3,579$2,962$2,436$1,993$1,623$1,248
19 years$3,355$2,745$2,230$1,801$1,446$1,093
20 years$3,154$2,551$2,047$1,631$1,292$959
21 years$2,972$2,376$1,882$1,480$1,156$843
22 years$2,807$2,218$1,735$1,346$1,036$741
23 years$2,657$2,074$1,602$1,226$930$653
24 years$2,519$1,943$1,482$1,118$836$576
25 years$2,393$1,824$1,372$1,021$752$508
26 years$2,276$1,714$1,273$933$678$449
27 years$2,168$1,613$1,182$854$611$397
28 years$2,068$1,520$1,099$783$551$351
29 years$1,975$1,434$1,022$718$498$311
30 years$1,889$1,354$952$659$450$275
31 years$1,808$1,280$888$605$407$244
32 years$1,733$1,211$828$556$368$216
33 years$1,662$1,147$773$511$333$192
34 years$1,595$1,087$723$471$301$170
35 years$1,533$1,031$676$433$273$151
36 years$1,474$979$632$399$247$134
37 years$1,418$930$592$368$224$119
38 years$1,366$883$554$339$203$105
39 years$1,316$840$519$312$184$94
40 years$1,269$799$486$288$167$83
41 years$1,224$761$456$266$152$74
42 years$1,181$725$428$245$138$66
43 years$1,141$690$402$226$125$58
44 years$1,103$658$377$209$113$52
45 years$1,066$628$354$193$103$46
46 years$1,031$599$332$178$93$41
47 years$998$571$312$165$85$36
48 years$966$545$293$152$77$32
49 years$935$521$276$141$70$29
50 years$906$497$259$130$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $928,000, adding $4,913 every year, while hoping to spend $20,737 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: 50/31/19 Blend
50$928,000$928,000$928,000$928,000
51$1,027,724$978,540$964,156$1,073,446
52$1,110,488$1,004,424$974,391$1,131,444
53$1,200,998$1,030,882$984,274$1,191,911
54$1,300,024$1,057,919$993,771$1,257,183
55$1,408,411$1,085,542$1,002,847$1,327,723
56$1,527,091$1,113,755$1,011,464$1,404,038
57$1,657,089$1,142,564$1,019,583$1,486,686
58$1,799,536$1,171,973$1,027,163$1,576,285
59$1,955,675$1,201,986$1,034,159$1,673,512
60$2,126,876$1,232,606$1,040,526$1,779,114
61$2,314,649$1,263,836$1,046,216$1,893,915
62$2,520,657$1,295,677$1,051,177$2,018,820
63$2,746,729$1,328,130$1,055,357$2,154,829
64$2,994,883$1,361,197$1,058,699$2,303,042
65$3,267,341$1,394,875$1,061,145$2,464,672
66$3,566,549$1,429,163$1,062,633$2,641,053
67$3,895,203$1,464,058$1,063,097$2,833,658
68$4,256,274$1,499,557$1,062,471$3,044,109
69$4,653,032$1,535,653$1,060,681$3,274,192
70$5,089,081$1,572,341$1,057,655$3,525,877
71$5,568,394$1,609,611$1,053,312$3,801,334
72$6,095,343$1,647,455$1,047,571$4,102,953
73$6,674,749$1,685,861$1,040,346$4,433,370
74$7,311,921$1,724,816$1,031,545$4,795,488
75$8,012,709$1,764,305$1,021,074$5,192,507
76$8,783,560$1,804,310$1,008,834$5,627,955
77$9,631,574$1,844,813$994,722$6,105,716
78$10,564,577$1,885,790$978,627$6,630,076
79$11,591,189$1,927,220$960,436$7,205,752
80$12,720,910$1,969,073$940,031$7,837,948
81$13,964,206$2,011,321$917,285$8,532,397
82$15,332,610$2,053,931$892,069$9,295,416
83$16,838,829$2,096,866$864,246$10,133,969
84$18,496,865$2,140,088$833,673$11,055,731
85$20,322,145$2,183,552$800,201$12,069,157
86$22,331,669$2,227,212$763,674$13,183,571
87$24,544,171$2,271,016$723,928$14,409,244
88$26,980,289$2,314,908$680,792$15,757,497
89$29,662,769$2,358,829$634,089$17,240,809
90$32,616,672$2,402,712$583,632$18,872,931
91$35,869,614$2,446,487$529,225$20,669,018
92$39,452,027$2,490,078$470,667$22,645,773
93$43,397,443$2,533,401$407,744$24,821,604
94$47,742,813$2,576,368$340,234$27,216,799
95$52,528,854$2,618,884$267,905$29,853,715
96$57,800,434$2,660,846$190,517$32,756,996
97$63,606,994$2,702,143$107,815$35,953,798
98$70,003,017$2,742,658$19,536$39,474,051
99$77,048,540$2,782,264$0$43,350,739
100$84,809,721$2,820,824$0$47,635,355