Can I retire at age 51 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$76,716$76,033$75,366$74,715$74,080$72,853
2 years$37,978$37,271$36,585$35,921$35,276$34,043
3 years$25,067$24,357$23,673$23,015$22,381$21,181
4 years$18,613$17,905$17,228$16,581$15,962$14,804
5 years$14,742$14,038$13,370$12,736$12,134$11,021
6 years$12,161$11,463$10,805$10,185$9,601$8,535
7 years$10,319$9,626$8,979$8,374$7,808$6,789
8 years$8,938$8,252$7,615$7,024$6,478$5,505
9 years$7,865$7,185$6,559$5,983$5,455$4,529
10 years$7,006$6,333$5,718$5,158$4,648$3,767
11 years$6,304$5,638$5,034$4,489$3,998$3,161
12 years$5,720$5,060$4,467$3,937$3,464$2,671
13 years$5,226$4,573$3,991$3,476$3,021$2,270
14 years$4,803$4,157$3,586$3,086$2,648$1,939
15 years$4,436$3,797$3,238$2,752$2,332$1,662
16 years$4,116$3,484$2,936$2,464$2,061$1,429
17 years$3,833$3,208$2,671$2,214$1,827$1,232
18 years$3,583$2,965$2,439$1,995$1,625$1,065
19 years$3,359$2,748$2,232$1,803$1,448$923
20 years$3,157$2,553$2,049$1,633$1,293$800
21 years$2,975$2,378$1,884$1,482$1,157$695
22 years$2,810$2,220$1,737$1,347$1,037$605
23 years$2,660$2,076$1,604$1,227$931$527
24 years$2,522$1,945$1,483$1,119$837$459
25 years$2,395$1,826$1,374$1,022$753$401
26 years$2,278$1,716$1,274$934$678$350
27 years$2,171$1,615$1,183$855$612$305
28 years$2,071$1,522$1,100$784$552$267
29 years$1,978$1,435$1,023$719$498$233
30 years$1,891$1,356$953$660$450$204
31 years$1,810$1,282$889$606$407$179
32 years$1,735$1,213$829$557$368$156
33 years$1,664$1,148$774$512$333$137
34 years$1,597$1,088$723$471$302$120
35 years$1,534$1,032$676$434$273$105
36 years$1,475$980$633$399$248$92
37 years$1,420$931$592$368$224$81
38 years$1,367$884$555$339$203$71
39 years$1,317$841$520$313$185$62
40 years$1,270$800$487$288$167$54
41 years$1,225$762$457$266$152$48
42 years$1,183$725$428$246$138$42
43 years$1,142$691$402$227$125$37
44 years$1,104$659$377$209$114$32
45 years$1,067$628$354$193$103$28
46 years$1,032$599$333$179$94$25
47 years$999$572$313$165$85$22
48 years$967$546$294$152$77$19
49 years$936$521$276$141$70$17
50 years$907$498$260$130$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $929,000, adding $5,500 every year, while hoping to spend $32,928 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: 51/38/11 Blend
50$929,000$929,000$929,000$929,000
51$1,029,431$980,194$965,795$1,078,661
52$1,099,398$993,189$963,114$1,125,884
53$1,175,398$1,005,716$959,239$1,173,233
54$1,258,011$1,017,719$954,097$1,223,948
55$1,347,877$1,029,136$947,608$1,278,355
56$1,445,698$1,039,901$939,690$1,336,813
57$1,552,247$1,049,944$930,258$1,399,720
58$1,668,376$1,059,191$919,221$1,467,514
59$1,795,020$1,067,561$906,484$1,540,678
60$1,933,211$1,074,971$891,951$1,619,747
61$2,084,083$1,081,329$875,515$1,705,311
62$2,248,885$1,086,539$857,071$1,798,022
63$2,428,992$1,090,500$836,503$1,898,598
64$2,625,918$1,093,103$813,694$2,007,834
65$2,841,328$1,094,232$788,520$2,126,606
66$3,077,059$1,093,765$760,851$2,255,883
67$3,335,131$1,091,571$730,551$2,396,732
68$3,617,769$1,087,513$697,479$2,550,333
69$3,927,423$1,081,443$661,487$2,717,988
70$4,266,793$1,073,206$622,418$2,901,134
71$4,638,849$1,062,636$580,113$3,101,358
72$5,046,865$1,049,559$534,400$3,320,410
73$5,494,447$1,033,789$485,105$3,560,222
74$5,985,566$1,015,130$432,041$3,822,927
75$6,524,595$993,373$375,016$4,110,879
76$7,116,354$968,298$313,828$4,426,675
77$7,766,148$939,670$248,268$4,773,180
78$8,479,825$907,244$178,115$5,153,558
79$9,263,825$870,757$103,140$5,571,298
80$10,125,244$829,933$23,103$6,030,249
81$11,071,897$784,478$0$6,534,661
82$12,112,397$734,083$0$7,096,533
83$13,256,228$678,421$0$7,717,091
84$14,513,845$617,144$0$8,399,357
85$15,896,760$549,888$0$9,149,656
86$17,417,663$476,265$0$9,974,965
87$19,090,529$395,867$0$10,882,976
88$20,930,760$308,261$0$11,882,173
89$22,955,323$212,992$0$12,981,909
90$25,182,916$109,578$0$14,192,501
91$27,634,137$0$0$15,525,323
92$30,331,683$0$0$16,993,957
93$33,300,563$0$0$18,660,856
94$36,568,332$0$0$20,495,684
95$40,165,354$0$0$22,515,504
96$44,125,085$0$0$24,739,118
97$48,484,388$0$0$27,187,241
98$53,283,885$0$0$29,882,703
99$58,568,334$0$0$32,850,656
100$64,387,055$0$0$36,118,817