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%14.8%
1 years$76,716$76,033$75,366$74,715$74,080$72,614
2 years$37,978$37,271$36,585$35,921$35,276$33,805
3 years$25,067$24,357$23,673$23,015$22,381$20,951
4 years$18,613$17,905$17,228$16,581$15,962$14,584
5 years$14,742$14,038$13,370$12,736$12,134$10,812
6 years$12,161$11,463$10,805$10,185$9,601$8,337
7 years$10,319$9,626$8,979$8,374$7,808$6,602
8 years$8,938$8,252$7,615$7,024$6,478$5,329
9 years$7,865$7,185$6,559$5,983$5,455$4,363
10 years$7,006$6,333$5,718$5,158$4,648$3,611
11 years$6,304$5,638$5,034$4,489$3,998$3,015
12 years$5,720$5,060$4,467$3,937$3,464$2,535
13 years$5,226$4,573$3,991$3,476$3,021$2,143
14 years$4,803$4,157$3,586$3,086$2,648$1,820
15 years$4,436$3,797$3,238$2,752$2,332$1,551
16 years$4,116$3,484$2,936$2,464$2,061$1,327
17 years$3,833$3,208$2,671$2,214$1,827$1,138
18 years$3,583$2,965$2,439$1,995$1,625$978
19 years$3,359$2,748$2,232$1,803$1,448$842
20 years$3,157$2,553$2,049$1,633$1,293$726
21 years$2,975$2,378$1,884$1,482$1,157$627
22 years$2,810$2,220$1,737$1,347$1,037$542
23 years$2,660$2,076$1,604$1,227$931$469
24 years$2,522$1,945$1,483$1,119$837$406
25 years$2,395$1,826$1,374$1,022$753$352
26 years$2,278$1,716$1,274$934$678$305
27 years$2,171$1,615$1,183$855$612$265
28 years$2,071$1,522$1,100$784$552$230
29 years$1,978$1,435$1,023$719$498$200
30 years$1,891$1,356$953$660$450$174
31 years$1,810$1,282$889$606$407$151
32 years$1,735$1,213$829$557$368$131
33 years$1,664$1,148$774$512$333$114
34 years$1,597$1,088$723$471$302$99
35 years$1,534$1,032$676$434$273$86
36 years$1,475$980$633$399$248$75
37 years$1,420$931$592$368$224$65
38 years$1,367$884$555$339$203$57
39 years$1,317$841$520$313$185$50
40 years$1,270$800$487$288$167$43
41 years$1,225$762$457$266$152$38
42 years$1,183$725$428$246$138$33
43 years$1,142$691$402$227$125$29
44 years$1,104$659$377$209$114$25
45 years$1,067$628$354$193$103$22
46 years$1,032$599$333$179$94$19
47 years$999$572$313$165$85$16
48 years$967$546$294$152$77$14
49 years$936$521$276$141$70$12
50 years$907$498$260$130$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $929,000, adding $5,112 every year, while hoping to spend $47,976 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: 56/27/17 Blend
50$929,000$929,000$929,000$929,000
51$1,029,031$979,794$965,395$1,081,757
52$1,082,946$976,758$946,689$1,115,165
53$1,140,753$971,965$925,749$1,145,924
54$1,202,797$965,279$902,449$1,178,352
55$1,269,458$956,554$876,658$1,212,618
56$1,341,155$945,637$848,237$1,248,912
57$1,418,344$932,364$817,045$1,287,446
58$1,501,529$916,564$782,930$1,328,455
59$1,591,262$898,052$745,735$1,372,200
60$1,688,150$876,636$705,296$1,418,973
61$1,792,859$852,110$661,442$1,469,096
62$1,906,124$824,256$613,993$1,522,930
63$2,028,749$792,844$562,762$1,580,873
64$2,161,619$757,632$507,552$1,643,369
65$2,305,710$718,361$448,161$1,710,910
66$2,462,091$674,760$384,373$1,784,043
67$2,631,941$626,540$315,967$1,863,374
68$2,816,556$573,397$242,708$1,949,575
69$3,017,360$515,009$164,354$2,043,392
70$3,235,921$451,035$80,651$2,145,652
71$3,473,966$381,117$0$2,257,273
72$3,733,393$304,874$0$2,380,842
73$4,016,292$221,905$0$2,531,628
74$4,324,962$131,787$0$2,696,282
75$4,661,935$34,071$0$2,876,242
76$5,029,998$0$0$3,073,093
77$5,432,218$0$0$3,309,893
78$5,871,974$0$0$3,579,938
79$6,352,983$0$0$3,875,399
80$6,879,341$0$0$4,198,803
81$7,455,555$0$0$4,552,929
82$8,086,590$0$0$4,940,840
83$8,777,914$0$0$5,365,908
84$9,535,547$0$0$5,831,849
85$10,366,121$0$0$6,342,752
86$11,276,939$0$0$6,903,122
87$12,276,044$0$0$7,517,923
88$13,372,298$0$0$8,192,620
89$14,575,458$0$0$8,933,234
90$15,896,275$0$0$9,746,397
91$17,346,590$0$0$10,639,415
92$18,939,447$0$0$11,620,335
93$20,689,217$0$0$12,698,024
94$22,611,728$0$0$13,882,249
95$24,724,419$0$0$15,183,768
96$27,046,504$0$0$16,614,437
97$29,599,148$0$0$18,187,314
98$32,405,669$0$0$19,916,789
99$35,491,758$0$0$21,818,712
100$38,885,721$0$0$23,910,550