Can I retire at age 51 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$76,881$76,196$75,528$74,876$74,239$72,415
2 years$38,060$37,351$36,664$35,998$35,352$33,526
3 years$25,121$24,409$23,724$23,064$22,429$20,657
4 years$18,653$17,943$17,265$16,617$15,996$14,293
5 years$14,773$14,068$13,398$12,763$12,160$10,530
6 years$12,188$11,487$10,828$10,207$9,622$8,066
7 years$10,341$9,647$8,998$8,392$7,825$6,344
8 years$8,957$8,269$7,631$7,039$6,492$5,085
9 years$7,882$7,200$6,573$5,996$5,467$4,134
10 years$7,021$6,346$5,730$5,169$4,658$3,396
11 years$6,318$5,650$5,045$4,498$4,006$2,814
12 years$5,732$5,071$4,477$3,946$3,472$2,347
13 years$5,237$4,583$4,000$3,483$3,027$1,969
14 years$4,813$4,166$3,594$3,092$2,654$1,658
15 years$4,446$3,805$3,245$2,758$2,337$1,402
16 years$4,125$3,491$2,942$2,469$2,065$1,189
17 years$3,842$3,215$2,677$2,219$1,831$1,010
18 years$3,591$2,971$2,444$1,999$1,628$861
19 years$3,366$2,754$2,237$1,807$1,451$734
20 years$3,164$2,559$2,053$1,636$1,296$628
21 years$2,982$2,383$1,889$1,485$1,160$537
22 years$2,816$2,225$1,741$1,350$1,040$460
23 years$2,665$2,081$1,607$1,230$933$394
24 years$2,527$1,950$1,486$1,121$839$338
25 years$2,400$1,830$1,377$1,024$755$291
26 years$2,283$1,720$1,277$936$680$250
27 years$2,175$1,618$1,186$857$613$215
28 years$2,075$1,525$1,102$785$553$184
29 years$1,982$1,439$1,026$720$499$159
30 years$1,895$1,359$955$661$451$137
31 years$1,814$1,284$891$607$408$118
32 years$1,738$1,215$831$558$369$101
33 years$1,667$1,151$776$513$334$87
34 years$1,601$1,091$725$472$302$75
35 years$1,538$1,035$678$435$274$65
36 years$1,479$982$634$400$248$56
37 years$1,423$933$593$369$225$48
38 years$1,370$886$556$340$204$41
39 years$1,320$843$521$313$185$36
40 years$1,273$802$488$289$168$31
41 years$1,228$763$458$267$152$26
42 years$1,185$727$429$246$138$23
43 years$1,145$693$403$227$125$20
44 years$1,106$660$378$210$114$17
45 years$1,069$630$355$194$103$15
46 years$1,034$601$333$179$94$13
47 years$1,001$573$313$165$85$11
48 years$969$547$294$153$77$9
49 years$938$522$277$141$70$8
50 years$909$499$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $931,000, adding $3,929 every year, while hoping to spend $32,976 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: 38/32/30 Blend
50$931,000$931,000$931,000$931,000
51$1,030,015$980,672$966,241$1,059,843
52$1,099,990$993,638$963,524$1,095,180
53$1,175,998$1,006,135$959,611$1,130,062
54$1,258,618$1,018,105$954,426$1,167,144
55$1,348,490$1,029,484$947,892$1,206,648
56$1,446,315$1,040,209$939,926$1,248,822
57$1,552,868$1,050,207$930,442$1,293,938
58$1,668,998$1,059,405$919,350$1,342,301
59$1,795,642$1,067,723$906,555$1,394,245
60$1,933,831$1,075,074$891,958$1,450,143
61$2,084,699$1,081,370$875,455$1,510,409
62$2,249,494$1,086,513$856,939$1,575,498
63$2,429,591$1,090,401$836,295$1,645,917
64$2,626,504$1,092,925$813,405$1,722,227
65$2,841,898$1,093,969$788,145$1,805,047
66$3,077,608$1,093,410$760,384$1,895,065
67$3,335,655$1,091,117$729,987$1,993,041
68$3,618,262$1,086,953$696,813$2,099,815
69$3,927,880$1,080,769$660,711$2,216,319
70$4,267,207$1,072,409$621,528$2,343,581
71$4,639,213$1,061,708$579,100$2,482,740
72$5,047,171$1,048,491$533,259$2,635,055
73$5,494,687$1,032,571$483,827$2,801,919
74$5,985,729$1,013,751$430,619$2,984,870
75$6,524,671$991,822$373,442$3,185,609
76$7,116,329$966,563$312,095$3,406,018
77$7,766,010$937,740$246,365$3,648,174
78$8,479,558$905,105$176,034$3,914,373
79$9,263,414$868,395$100,871$4,207,153
80$10,124,669$827,334$20,637$4,529,316
81$11,071,138$781,626$0$4,883,960
82$12,111,430$730,962$0$5,295,306
83$13,255,030$675,013$0$5,754,730
84$14,512,386$613,432$0$6,259,879
85$15,895,011$545,851$0$6,815,450
86$17,415,588$471,884$0$7,426,622
87$19,088,091$391,120$0$8,099,110
88$20,927,917$303,125$0$8,839,214
89$22,952,030$207,444$0$9,653,884
90$25,179,121$103,592$0$10,550,785
91$27,629,783$0$0$11,538,367
92$30,326,709$0$0$12,629,101
93$33,294,899$0$0$13,869,839
94$36,561,903$0$0$15,235,639
95$40,158,076$0$0$16,739,209
96$44,116,864$0$0$18,394,553
97$48,475,123$0$0$20,217,103
98$53,273,462$0$0$22,223,862
99$58,556,628$0$0$24,433,565
100$64,373,929$0$0$26,866,859