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%11.8%
1 years$76,633$75,951$75,285$74,635$74,000$73,441
2 years$37,937$37,231$36,546$35,882$35,238$34,675
3 years$25,040$24,331$23,648$22,990$22,357$21,806
4 years$18,593$17,886$17,209$16,563$15,945$15,412
5 years$14,726$14,023$13,355$12,722$12,121$11,606
6 years$12,148$11,450$10,793$10,174$9,591$9,096
7 years$10,308$9,616$8,969$8,364$7,800$7,324
8 years$8,929$8,243$7,606$7,017$6,471$6,015
9 years$7,856$7,177$6,551$5,977$5,449$5,013
10 years$6,999$6,326$5,712$5,152$4,643$4,226
11 years$6,298$5,632$5,028$4,484$3,993$3,595
12 years$5,714$5,055$4,463$3,933$3,460$3,080
13 years$5,220$4,568$3,987$3,472$3,018$2,656
14 years$4,797$4,152$3,582$3,082$2,645$2,301
15 years$4,431$3,793$3,234$2,749$2,329$2,002
16 years$4,111$3,480$2,933$2,461$2,058$1,748
17 years$3,829$3,205$2,668$2,211$1,825$1,531
18 years$3,579$2,962$2,436$1,993$1,623$1,344
19 years$3,355$2,745$2,230$1,801$1,446$1,183
20 years$3,154$2,551$2,047$1,631$1,292$1,043
21 years$2,972$2,376$1,882$1,480$1,156$921
22 years$2,807$2,218$1,735$1,346$1,036$815
23 years$2,657$2,074$1,602$1,226$930$722
24 years$2,519$1,943$1,482$1,118$836$640
25 years$2,393$1,824$1,372$1,021$752$568
26 years$2,276$1,714$1,273$933$678$505
27 years$2,168$1,613$1,182$854$611$449
28 years$2,068$1,520$1,099$783$551$399
29 years$1,975$1,434$1,022$718$498$355
30 years$1,889$1,354$952$659$450$316
31 years$1,808$1,280$888$605$407$282
32 years$1,733$1,211$828$556$368$251
33 years$1,662$1,147$773$511$333$224
34 years$1,595$1,087$723$471$301$200
35 years$1,533$1,031$676$433$273$178
36 years$1,474$979$632$399$247$159
37 years$1,418$930$592$368$224$142
38 years$1,366$883$554$339$203$127
39 years$1,316$840$519$312$184$113
40 years$1,269$799$486$288$167$101
41 years$1,224$761$456$266$152$90
42 years$1,181$725$428$245$138$81
43 years$1,141$690$402$226$125$72
44 years$1,103$658$377$209$113$65
45 years$1,066$628$354$193$103$58
46 years$1,031$599$332$178$93$52
47 years$998$571$312$165$85$46
48 years$966$545$293$152$77$41
49 years$935$521$276$141$70$37
50 years$906$497$259$130$64$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $928,000, adding $6,447 every year, while hoping to spend $43,342 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: 53/21/26 Blend
50$928,000$928,000$928,000$928,000
51$1,029,306$980,122$965,738$1,076,105
52$1,088,180$982,033$951,975$1,111,069
53$1,151,606$982,584$936,298$1,144,128
54$1,220,003$981,664$918,597$1,179,227
55$1,293,831$979,153$898,758$1,216,576
56$1,373,596$974,925$876,660$1,256,410
57$1,459,851$968,846$852,177$1,298,991
58$1,553,209$960,772$825,178$1,344,607
59$1,654,339$950,553$795,524$1,393,582
60$1,763,980$938,028$763,072$1,446,271
61$1,882,942$923,028$727,672$1,503,072
62$2,012,118$905,372$689,165$1,564,422
63$2,152,490$884,870$647,387$1,630,810
64$2,305,136$861,321$602,166$1,702,774
65$2,471,244$834,510$553,323$1,780,915
66$2,652,121$804,212$500,670$1,865,894
67$2,849,205$770,186$444,010$1,958,446
68$3,064,079$732,180$383,139$2,059,385
69$3,298,484$689,925$317,843$2,169,612
70$3,554,337$643,139$247,899$2,290,124
71$3,833,748$591,522$173,073$2,422,025
72$4,139,041$534,757$93,121$2,566,537
73$4,472,773$472,510$7,790$2,725,012
74$4,837,759$404,426$0$2,898,945
75$5,237,099$330,132$0$3,113,092
76$5,674,208$249,233$0$3,349,989
77$6,152,844$161,312$0$3,609,574
78$6,677,146$65,929$0$3,894,169
79$7,251,674$0$0$4,206,333
80$7,881,448$0$0$4,557,528
81$8,571,997$0$0$4,959,410
82$9,329,411$0$0$5,400,300
83$10,160,398$0$0$5,884,115
84$11,072,347$0$0$6,415,167
85$12,073,395$0$0$6,998,209
86$13,172,508$0$0$7,638,475
87$14,379,560$0$0$8,341,732
88$15,705,431$0$0$9,114,331
89$17,162,104$0$0$9,963,270
90$18,762,781$0$0$10,896,258
91$20,522,007$0$0$11,921,788
92$22,455,804$0$0$13,049,217
93$24,581,827$0$0$14,288,852
94$26,919,522$0$0$15,652,052
95$29,490,319$0$0$17,151,329
96$32,317,825$0$0$18,800,469
97$35,428,050$0$0$20,614,662
98$38,849,654$0$0$22,610,644
99$42,614,210$0$0$24,806,855
100$46,756,512$0$0$27,223,612