Can I retire at age 51 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$76,799$76,114$75,447$74,796$74,160$73,294
2 years$38,019$37,311$36,625$35,959$35,314$34,442
3 years$25,094$24,383$23,699$23,040$22,405$21,555
4 years$18,633$17,924$17,247$16,599$15,979$15,157
5 years$14,757$14,053$13,384$12,749$12,147$11,355
6 years$12,175$11,475$10,816$10,196$9,612$8,851
7 years$10,330$9,637$8,988$8,383$7,817$7,088
8 years$8,948$8,261$7,623$7,032$6,485$5,787
9 years$7,873$7,192$6,566$5,990$5,461$4,795
10 years$7,014$6,340$5,724$5,163$4,653$4,018
11 years$6,311$5,644$5,039$4,493$4,002$3,397
12 years$5,726$5,066$4,472$3,941$3,468$2,893
13 years$5,231$4,578$3,996$3,480$3,024$2,478
14 years$4,808$4,161$3,590$3,089$2,651$2,133
15 years$4,441$3,801$3,241$2,755$2,334$1,843
16 years$4,120$3,488$2,939$2,467$2,063$1,598
17 years$3,838$3,212$2,674$2,216$1,829$1,390
18 years$3,587$2,968$2,441$1,997$1,626$1,212
19 years$3,362$2,751$2,235$1,805$1,450$1,059
20 years$3,161$2,556$2,051$1,634$1,295$927
21 years$2,979$2,381$1,887$1,483$1,159$813
22 years$2,813$2,222$1,739$1,349$1,039$713
23 years$2,662$2,079$1,605$1,228$932$627
24 years$2,524$1,948$1,485$1,120$838$552
25 years$2,398$1,828$1,375$1,023$754$486
26 years$2,281$1,718$1,275$935$679$428
27 years$2,173$1,617$1,184$856$612$378
28 years$2,073$1,523$1,101$785$553$333
29 years$1,980$1,437$1,025$719$499$294
30 years$1,893$1,357$954$660$451$260
31 years$1,812$1,283$890$606$408$230
32 years$1,736$1,214$830$557$369$203
33 years$1,665$1,150$775$512$334$180
34 years$1,599$1,090$724$472$302$159
35 years$1,536$1,033$677$434$274$141
36 years$1,477$981$633$400$248$124
37 years$1,421$932$593$368$225$110
38 years$1,369$885$555$339$204$98
39 years$1,319$842$520$313$185$86
40 years$1,271$801$488$289$168$76
41 years$1,227$762$457$266$152$68
42 years$1,184$726$429$246$138$60
43 years$1,144$692$402$227$125$53
44 years$1,105$659$378$210$114$47
45 years$1,068$629$355$194$103$42
46 years$1,033$600$333$179$94$37
47 years$1,000$573$313$165$85$33
48 years$968$547$294$153$77$29
49 years$937$522$276$141$70$26
50 years$908$499$260$130$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $930,000, adding $5,698 every year, while hoping to spend $28,722 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: 62/13/25 Blend
50$930,000$930,000$930,000$930,000
51$1,030,737$981,447$967,032$1,087,480
52$1,105,313$998,978$968,868$1,144,139
53$1,186,532$1,016,406$969,803$1,202,324
54$1,275,043$1,033,694$969,775$1,265,226
55$1,371,557$1,050,805$968,723$1,333,310
56$1,476,860$1,067,698$966,579$1,407,089
57$1,591,813$1,084,329$963,273$1,487,129
58$1,717,368$1,100,651$958,733$1,574,054
59$1,854,570$1,116,614$952,880$1,668,550
60$2,004,570$1,132,162$945,636$1,771,378
61$2,168,637$1,147,238$936,915$1,883,374
62$2,348,166$1,161,781$926,630$2,005,460
63$2,544,694$1,175,723$914,687$2,138,654
64$2,759,914$1,188,995$900,990$2,284,078
65$2,995,689$1,201,520$885,438$2,442,968
66$3,254,074$1,213,218$867,924$2,616,689
67$3,537,327$1,224,004$848,337$2,806,745
68$3,847,939$1,233,785$826,562$3,014,795
69$4,188,653$1,242,464$802,475$3,242,667
70$4,562,488$1,249,938$775,951$3,492,380
71$4,972,772$1,256,096$746,856$3,766,156
72$5,423,170$1,260,819$715,051$4,066,448
73$5,917,719$1,263,985$680,390$4,395,959
74$6,460,865$1,265,459$642,722$4,757,671
75$7,057,508$1,265,101$601,888$5,154,870
76$7,713,044$1,262,761$557,721$5,591,180
77$8,433,417$1,258,279$510,048$6,070,598
78$9,225,179$1,251,488$458,688$6,597,528
79$10,095,545$1,242,208$403,451$7,176,827
80$11,052,463$1,230,250$344,140$7,813,851
81$12,104,694$1,215,411$280,547$8,514,501
82$13,261,885$1,197,479$212,459$9,285,287
83$14,534,669$1,176,227$139,648$10,133,384
84$15,934,760$1,151,416$61,880$11,066,702
85$17,475,063$1,122,793$0$12,093,960
86$19,169,797$1,090,088$0$13,230,403
87$21,034,632$1,053,018$0$14,498,979
88$23,086,829$1,011,280$0$15,894,916
89$25,345,410$964,558$0$17,431,168
90$27,831,334$912,513$0$19,122,006
91$30,567,694$854,790$0$20,983,160
92$33,579,936$791,012$0$23,031,965
93$36,896,098$720,780$0$25,287,522
94$40,547,075$643,674$0$27,770,881
95$44,566,911$559,248$0$30,505,242
96$48,993,117$467,032$0$33,516,169
97$53,867,029$366,530$0$36,831,835
98$59,234,192$257,217$0$40,483,287
99$65,144,797$138,538$0$44,504,742
100$71,654,149$9,908$0$48,933,904