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%19.1%
1 years$76,716$76,033$75,366$74,715$74,080$71,366
2 years$37,978$37,271$36,585$35,921$35,276$32,572
3 years$25,067$24,357$23,673$23,015$22,381$19,772
4 years$18,613$17,905$17,228$16,581$15,962$13,468
5 years$14,742$14,038$13,370$12,736$12,134$9,762
6 years$12,161$11,463$10,805$10,185$9,601$7,352
7 years$10,319$9,626$8,979$8,374$7,808$5,681
8 years$8,938$8,252$7,615$7,024$6,478$4,471
9 years$7,865$7,185$6,559$5,983$5,455$3,567
10 years$7,006$6,333$5,718$5,158$4,648$2,874
11 years$6,304$5,638$5,034$4,489$3,998$2,334
12 years$5,720$5,060$4,467$3,937$3,464$1,908
13 years$5,226$4,573$3,991$3,476$3,021$1,566
14 years$4,803$4,157$3,586$3,086$2,648$1,291
15 years$4,436$3,797$3,238$2,752$2,332$1,068
16 years$4,116$3,484$2,936$2,464$2,061$886
17 years$3,833$3,208$2,671$2,214$1,827$736
18 years$3,583$2,965$2,439$1,995$1,625$613
19 years$3,359$2,748$2,232$1,803$1,448$511
20 years$3,157$2,553$2,049$1,633$1,293$426
21 years$2,975$2,378$1,884$1,482$1,157$356
22 years$2,810$2,220$1,737$1,347$1,037$298
23 years$2,660$2,076$1,604$1,227$931$249
24 years$2,522$1,945$1,483$1,119$837$209
25 years$2,395$1,826$1,374$1,022$753$175
26 years$2,278$1,716$1,274$934$678$146
27 years$2,171$1,615$1,183$855$612$123
28 years$2,071$1,522$1,100$784$552$103
29 years$1,978$1,435$1,023$719$498$86
30 years$1,891$1,356$953$660$450$72
31 years$1,810$1,282$889$606$407$61
32 years$1,735$1,213$829$557$368$51
33 years$1,664$1,148$774$512$333$43
34 years$1,597$1,088$723$471$302$36
35 years$1,534$1,032$676$434$273$30
36 years$1,475$980$633$399$248$25
37 years$1,420$931$592$368$224$21
38 years$1,367$884$555$339$203$18
39 years$1,317$841$520$313$185$15
40 years$1,270$800$487$288$167$13
41 years$1,225$762$457$266$152$11
42 years$1,183$725$428$246$138$9
43 years$1,142$691$402$227$125$7
44 years$1,104$659$377$209$114$6
45 years$1,067$628$354$193$103$5
46 years$1,032$599$333$179$94$4
47 years$999$572$313$165$85$4
48 years$967$546$294$152$77$3
49 years$936$521$276$141$70$3
50 years$907$498$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $929,000, adding $6,462 every year, while hoping to spend $58,760 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: 79/16/5 Blend
50$929,000$929,000$929,000$929,000
51$1,030,424$981,187$966,787$1,111,107
52$1,073,007$966,745$936,654$1,150,431
53$1,117,964$949,625$903,543$1,185,163
54$1,165,475$929,636$867,290$1,221,480
55$1,215,737$906,572$827,728$1,259,510
56$1,268,964$880,216$784,679$1,299,395
57$1,325,391$850,339$737,959$1,341,292
58$1,385,274$816,699$687,373$1,385,372
59$1,448,893$779,038$632,721$1,431,825
60$1,516,554$737,085$573,791$1,480,863
61$1,588,592$690,552$510,363$1,532,718
62$1,665,375$639,135$442,206$1,587,647
63$1,747,305$582,514$369,081$1,645,933
64$1,834,820$520,348$290,736$1,707,889
65$1,928,406$452,278$206,910$1,773,864
66$2,028,589$377,926$117,327$1,844,239
67$2,135,951$296,891$21,704$1,919,437
68$2,251,128$208,748$0$1,999,928
69$2,374,819$113,052$0$2,090,514
70$2,507,789$9,330$0$2,188,995
71$2,650,880$0$0$2,294,860
72$2,805,017$0$0$2,426,946
73$2,971,214$0$0$2,571,160
74$3,150,585$0$0$2,726,828
75$3,344,356$0$0$2,895,017
76$3,553,872$0$0$3,076,897
77$3,780,614$0$0$3,273,757
78$4,026,206$0$0$3,487,012
79$4,292,439$0$0$3,718,218
80$4,581,277$0$0$3,969,086
81$4,894,883$0$0$4,241,498
82$5,235,637$0$0$4,537,524
83$5,606,153$0$0$4,859,442
84$6,009,312$0$0$5,209,758
85$6,448,279$0$0$5,591,226
86$6,926,541$0$0$6,006,882
87$7,447,933$0$0$6,460,064
88$8,016,675$0$0$6,954,445
89$8,637,414$0$0$7,494,069
90$9,315,264$0$0$8,083,389
91$10,055,855$0$0$8,727,305
92$10,865,386$0$0$9,431,211
93$11,750,679$0$0$10,201,048
94$12,719,248$0$0$11,043,356
95$13,779,366$0$0$11,965,336
96$14,940,143$0$0$12,974,918
97$16,211,611$0$0$14,080,835
98$17,604,817$0$0$15,292,703
99$19,131,928$0$0$16,621,114
100$20,806,344$0$0$18,077,732