Can I retire at age 51 with 928,000?

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 $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%18.3%
1 years$76,633$75,951$75,285$74,635$74,000$71,517
2 years$37,937$37,231$36,546$35,882$35,238$32,761
3 years$25,040$24,331$23,648$22,990$22,357$19,963
4 years$18,593$17,886$17,209$16,563$15,945$13,653
5 years$14,726$14,023$13,355$12,722$12,121$9,938
6 years$12,148$11,450$10,793$10,174$9,591$7,517
7 years$10,308$9,616$8,969$8,364$7,800$5,836
8 years$8,929$8,243$7,606$7,017$6,471$4,615
9 years$7,856$7,177$6,551$5,977$5,449$3,699
10 years$6,999$6,326$5,712$5,152$4,643$2,996
11 years$6,298$5,632$5,028$4,484$3,993$2,446
12 years$5,714$5,055$4,463$3,933$3,460$2,009
13 years$5,220$4,568$3,987$3,472$3,018$1,659
14 years$4,797$4,152$3,582$3,082$2,645$1,376
15 years$4,431$3,793$3,234$2,749$2,329$1,144
16 years$4,111$3,480$2,933$2,461$2,058$954
17 years$3,829$3,205$2,668$2,211$1,825$798
18 years$3,579$2,962$2,436$1,993$1,623$668
19 years$3,355$2,745$2,230$1,801$1,446$560
20 years$3,154$2,551$2,047$1,631$1,292$470
21 years$2,972$2,376$1,882$1,480$1,156$395
22 years$2,807$2,218$1,735$1,346$1,036$333
23 years$2,657$2,074$1,602$1,226$930$280
24 years$2,519$1,943$1,482$1,118$836$236
25 years$2,393$1,824$1,372$1,021$752$199
26 years$2,276$1,714$1,273$933$678$168
27 years$2,168$1,613$1,182$854$611$142
28 years$2,068$1,520$1,099$783$551$119
29 years$1,975$1,434$1,022$718$498$101
30 years$1,889$1,354$952$659$450$85
31 years$1,808$1,280$888$605$407$72
32 years$1,733$1,211$828$556$368$61
33 years$1,662$1,147$773$511$333$51
34 years$1,595$1,087$723$471$301$43
35 years$1,533$1,031$676$433$273$37
36 years$1,474$979$632$399$247$31
37 years$1,418$930$592$368$224$26
38 years$1,366$883$554$339$203$22
39 years$1,316$840$519$312$184$19
40 years$1,269$799$486$288$167$16
41 years$1,224$761$456$266$152$13
42 years$1,181$725$428$245$138$11
43 years$1,141$690$402$226$125$10
44 years$1,103$658$377$209$113$8
45 years$1,066$628$354$193$103$7
46 years$1,031$599$332$178$93$6
47 years$998$571$312$165$85$5
48 years$966$545$293$152$77$4
49 years$935$521$276$141$70$3
50 years$906$497$259$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $928,000, adding $5,444 every year, while hoping to spend $25,845 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: 28/48/24 Blend
50$928,000$928,000$928,000$928,000
51$1,028,271$979,087$964,703$1,049,221
52$1,105,656$999,564$969,522$1,086,595
53$1,190,068$1,020,177$973,636$1,124,093
54$1,282,197$1,040,908$976,994$1,163,845
55$1,382,800$1,061,732$979,543$1,206,060
56$1,492,715$1,082,626$981,227$1,250,971
57$1,612,860$1,103,563$981,987$1,298,833
58$1,744,249$1,124,514$981,760$1,349,928
59$1,887,996$1,145,449$980,483$1,404,570
60$2,045,329$1,166,333$978,086$1,463,102
61$2,217,600$1,187,131$974,499$1,525,907
62$2,406,297$1,207,802$969,647$1,593,405
63$2,613,060$1,228,306$963,451$1,666,062
64$2,839,695$1,248,595$955,829$1,744,391
65$3,088,189$1,268,622$946,695$1,828,961
66$3,360,734$1,288,334$935,959$1,920,397
67$3,659,741$1,307,674$923,526$2,019,394
68$3,987,868$1,326,583$909,297$2,126,715
69$4,348,040$1,344,996$893,168$2,243,206
70$4,743,483$1,362,843$875,032$2,369,800
71$5,177,747$1,380,051$854,774$2,507,527
72$5,654,744$1,396,541$832,276$2,657,526
73$6,178,784$1,412,228$807,414$2,821,053
74$6,754,615$1,427,022$780,057$2,999,495
75$7,387,468$1,440,828$750,071$3,194,384
76$8,083,103$1,453,542$717,312$3,407,412
77$8,847,870$1,465,055$681,632$3,640,445
78$9,688,762$1,475,252$642,876$3,895,545
79$10,613,484$1,484,009$600,881$4,174,987
80$11,630,528$1,491,193$555,479$4,481,282
81$12,749,245$1,496,666$506,491$4,817,202
82$13,979,943$1,500,277$453,733$5,185,806
83$15,333,975$1,501,868$397,011$5,590,471
84$16,823,853$1,501,273$336,123$6,034,921
85$18,463,362$1,498,311$270,859$6,523,269
86$20,267,690$1,492,793$200,998$7,060,051
87$22,253,573$1,484,518$126,310$7,650,272
88$24,439,451$1,473,274$46,556$8,299,457
89$26,845,644$1,458,832$0$9,013,698
90$29,494,539$1,440,955$0$9,809,592
91$32,410,806$1,419,386$0$10,698,046
92$35,621,630$1,393,857$0$11,675,378
93$39,156,962$1,364,082$0$12,750,685
94$43,049,809$1,329,759$0$13,933,999
95$47,336,539$1,290,567$0$15,236,380
96$52,057,229$1,246,168$0$16,670,022
97$57,256,039$1,196,203$0$18,248,371
98$62,981,631$1,140,292$0$19,986,250
99$69,287,625$1,078,034$0$21,900,002
100$76,233,109$1,009,004$0$24,007,643