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%12.1%
1 years$76,799$76,114$75,447$74,796$74,160$73,507
2 years$38,019$37,311$36,625$35,959$35,314$34,657
3 years$25,094$24,383$23,699$23,040$22,405$21,763
4 years$18,633$17,924$17,247$16,599$15,979$15,358
5 years$14,757$14,053$13,384$12,749$12,147$11,548
6 years$12,175$11,475$10,816$10,196$9,612$9,035
7 years$10,330$9,637$8,988$8,383$7,817$7,263
8 years$8,948$8,261$7,623$7,032$6,485$5,955
9 years$7,873$7,192$6,566$5,990$5,461$4,954
10 years$7,014$6,340$5,724$5,163$4,653$4,169
11 years$6,311$5,644$5,039$4,493$4,002$3,540
12 years$5,726$5,066$4,472$3,941$3,468$3,027
13 years$5,231$4,578$3,996$3,480$3,024$2,605
14 years$4,808$4,161$3,590$3,089$2,651$2,253
15 years$4,441$3,801$3,241$2,755$2,334$1,956
16 years$4,120$3,488$2,939$2,467$2,063$1,704
17 years$3,838$3,212$2,674$2,216$1,829$1,490
18 years$3,587$2,968$2,441$1,997$1,626$1,305
19 years$3,362$2,751$2,235$1,805$1,450$1,146
20 years$3,161$2,556$2,051$1,634$1,295$1,008
21 years$2,979$2,381$1,887$1,483$1,159$889
22 years$2,813$2,222$1,739$1,349$1,039$784
23 years$2,662$2,079$1,605$1,228$932$693
24 years$2,524$1,948$1,485$1,120$838$613
25 years$2,398$1,828$1,375$1,023$754$543
26 years$2,281$1,718$1,275$935$679$481
27 years$2,173$1,617$1,184$856$612$427
28 years$2,073$1,523$1,101$785$553$379
29 years$1,980$1,437$1,025$719$499$336
30 years$1,893$1,357$954$660$451$299
31 years$1,812$1,283$890$606$408$266
32 years$1,736$1,214$830$557$369$236
33 years$1,665$1,150$775$512$334$210
34 years$1,599$1,090$724$472$302$187
35 years$1,536$1,033$677$434$274$166
36 years$1,477$981$633$400$248$148
37 years$1,421$932$593$368$225$132
38 years$1,369$885$555$339$204$117
39 years$1,319$842$520$313$185$105
40 years$1,271$801$488$289$168$93
41 years$1,227$762$457$266$152$83
42 years$1,184$726$429$246$138$74
43 years$1,144$692$402$227$125$66
44 years$1,105$659$378$210$114$59
45 years$1,068$629$355$194$103$52
46 years$1,033$600$333$179$94$47
47 years$1,000$573$313$165$85$42
48 years$968$547$294$153$77$37
49 years$937$522$276$141$70$33
50 years$908$499$260$130$64$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $930,000, adding $2,729 every year, while hoping to spend $23,906 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: 34/38/28 Blend
50$930,000$930,000$930,000$930,000
51$1,027,675$978,385$963,970$1,053,830
52$1,107,062$1,000,890$970,827$1,096,301
53$1,193,745$1,023,697$977,113$1,139,740
54$1,288,444$1,046,794$982,783$1,186,121
55$1,391,949$1,070,171$987,790$1,235,724
56$1,505,133$1,093,814$992,085$1,288,854
57$1,628,954$1,117,709$995,618$1,345,851
58$1,764,469$1,141,838$998,333$1,407,089
59$1,912,842$1,166,185$1,000,174$1,472,980
60$2,075,353$1,190,730$1,001,081$1,543,978
61$2,253,413$1,215,450$1,000,992$1,620,586
62$2,448,577$1,240,323$999,841$1,703,358
63$2,662,554$1,265,321$997,558$1,792,904
64$2,897,231$1,290,418$994,072$1,889,898
65$3,154,682$1,315,581$989,307$1,995,085
66$3,437,193$1,340,779$983,183$2,109,284
67$3,747,284$1,365,974$975,617$2,233,400
68$4,087,729$1,391,129$966,521$2,368,433
69$4,461,583$1,416,199$955,805$2,515,483
70$4,872,212$1,441,141$943,373$2,675,768
71$5,323,325$1,465,905$929,123$2,850,626
72$5,819,008$1,490,438$912,952$3,041,539
73$6,363,760$1,514,683$894,750$3,250,137
74$6,962,541$1,538,579$874,401$3,478,221
75$7,620,811$1,562,061$851,785$3,727,777
76$8,344,591$1,585,058$826,776$4,000,996
77$9,140,509$1,607,496$799,243$4,300,293
78$10,015,871$1,629,293$769,048$4,628,333
79$10,978,725$1,650,364$736,046$4,988,057
80$12,037,940$1,670,616$700,088$5,382,707
81$13,203,285$1,689,952$661,016$5,815,859
82$14,485,525$1,708,265$618,666$6,291,457
83$15,896,523$1,725,444$572,865$6,813,851
84$17,449,346$1,741,369$523,435$7,387,838
85$19,158,397$1,755,913$470,186$8,018,709
86$21,039,540$1,768,940$412,925$8,712,298
87$23,110,261$1,780,305$351,445$9,475,039
88$25,389,822$1,789,855$285,533$10,314,027
89$27,899,452$1,797,426$214,967$11,237,086
90$30,662,539$1,802,843$139,512$12,252,842
91$33,704,858$1,805,923$58,925$13,370,809
92$37,054,808$1,806,467$0$14,601,475
93$40,743,683$1,804,268$0$15,964,495
94$44,805,965$1,799,104$0$17,483,844
95$49,279,652$1,790,738$0$19,156,043
96$54,206,615$1,778,923$0$20,996,678
97$59,632,992$1,763,393$0$23,022,931
98$65,609,625$1,743,866$0$25,253,739
99$72,192,537$1,720,046$0$27,709,973
100$79,443,464$1,691,617$0$30,414,638