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%11.2%
1 years$76,881$76,196$75,528$74,876$74,239$73,864
2 years$38,060$37,351$36,664$35,998$35,352$34,974
3 years$25,121$24,409$23,724$23,064$22,429$22,059
4 years$18,653$17,943$17,265$16,617$15,996$15,637
5 years$14,773$14,068$13,398$12,763$12,160$11,813
6 years$12,188$11,487$10,828$10,207$9,622$9,288
7 years$10,341$9,647$8,998$8,392$7,825$7,504
8 years$8,957$8,269$7,631$7,039$6,492$6,183
9 years$7,882$7,200$6,573$5,996$5,467$5,171
10 years$7,021$6,346$5,730$5,169$4,658$4,375
11 years$6,318$5,650$5,045$4,498$4,006$3,735
12 years$5,732$5,071$4,477$3,946$3,472$3,213
13 years$5,237$4,583$4,000$3,483$3,027$2,781
14 years$4,813$4,166$3,594$3,092$2,654$2,419
15 years$4,446$3,805$3,245$2,758$2,337$2,113
16 years$4,125$3,491$2,942$2,469$2,065$1,852
17 years$3,842$3,215$2,677$2,219$1,831$1,629
18 years$3,591$2,971$2,444$1,999$1,628$1,436
19 years$3,366$2,754$2,237$1,807$1,451$1,270
20 years$3,164$2,559$2,053$1,636$1,296$1,124
21 years$2,982$2,383$1,889$1,485$1,160$997
22 years$2,816$2,225$1,741$1,350$1,040$886
23 years$2,665$2,081$1,607$1,230$933$788
24 years$2,527$1,950$1,486$1,121$839$702
25 years$2,400$1,830$1,377$1,024$755$626
26 years$2,283$1,720$1,277$936$680$559
27 years$2,175$1,618$1,186$857$613$499
28 years$2,075$1,525$1,102$785$553$446
29 years$1,982$1,439$1,026$720$499$399
30 years$1,895$1,359$955$661$451$357
31 years$1,814$1,284$891$607$408$320
32 years$1,738$1,215$831$558$369$286
33 years$1,667$1,151$776$513$334$257
34 years$1,601$1,091$725$472$302$230
35 years$1,538$1,035$678$435$274$206
36 years$1,479$982$634$400$248$185
37 years$1,423$933$593$369$225$166
38 years$1,370$886$556$340$204$149
39 years$1,320$843$521$313$185$134
40 years$1,273$802$488$289$168$120
41 years$1,228$763$458$267$152$108
42 years$1,185$727$429$246$138$97
43 years$1,145$693$403$227$125$87
44 years$1,106$660$378$210$114$78
45 years$1,069$630$355$194$103$70
46 years$1,034$601$333$179$94$63
47 years$1,001$573$313$165$85$57
48 years$969$547$294$153$77$51
49 years$938$522$277$141$70$46
50 years$909$499$260$130$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $931,000, adding $5,305 every year, while hoping to spend $25,214 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: 53/42/5 Blend
50$931,000$931,000$931,000$931,000
51$1,031,434$982,091$967,661$1,084,695
52$1,109,813$1,003,386$973,250$1,142,609
53$1,195,341$1,024,879$978,181$1,202,352
54$1,288,722$1,046,554$982,406$1,266,726
55$1,390,728$1,068,392$985,873$1,336,173
56$1,502,211$1,090,372$988,529$1,411,178
57$1,624,109$1,112,473$990,317$1,492,276
58$1,757,454$1,134,670$991,178$1,580,057
59$1,903,382$1,156,936$991,051$1,675,169
60$2,063,145$1,179,244$989,869$1,778,327
61$2,238,121$1,201,562$987,564$1,890,320
62$2,429,826$1,223,856$984,065$2,012,014
63$2,639,934$1,246,090$979,296$2,144,367
64$2,870,284$1,268,225$973,179$2,288,432
65$3,122,903$1,290,219$965,631$2,445,370
66$3,400,025$1,312,025$956,566$2,616,462
67$3,704,109$1,333,596$945,892$2,803,116
68$4,037,864$1,354,877$933,515$3,006,889
69$4,404,273$1,375,814$919,335$3,229,491
70$4,806,625$1,396,345$903,249$3,472,812
71$5,248,540$1,416,404$885,146$3,738,932
72$5,734,006$1,435,924$864,914$4,030,144
73$6,267,419$1,454,828$842,433$4,348,977
74$6,853,619$1,473,038$817,578$4,698,215
75$7,497,940$1,490,469$790,218$5,080,930
76$8,206,257$1,507,028$760,218$5,500,507
77$8,985,043$1,522,621$727,433$5,960,676
78$9,841,430$1,537,142$691,715$6,465,550
79$10,783,277$1,550,482$652,908$7,019,661
80$11,819,239$1,562,524$610,848$7,628,006
81$12,958,855$1,573,142$565,366$8,296,092
82$14,212,635$1,582,203$516,282$9,029,989
83$15,592,158$1,589,565$463,412$9,836,388
84$17,110,182$1,595,077$406,560$10,722,664
85$18,780,764$1,598,580$345,523$11,696,948
86$20,619,395$1,599,902$280,091$12,768,199
87$22,643,139$1,598,864$210,040$13,946,295
88$24,870,804$1,595,273$135,141$15,242,124
89$27,323,110$1,588,925$55,152$16,667,684
90$30,022,888$1,579,603$0$18,236,203
91$32,995,298$1,567,079$0$19,963,873
92$36,268,060$1,551,108$0$21,868,396
93$39,871,723$1,531,433$0$23,964,555
94$43,839,945$1,507,780$0$26,271,888
95$48,209,818$1,479,859$0$28,811,931
96$53,022,210$1,447,363$0$31,608,419
97$58,322,159$1,409,967$0$34,687,512
98$64,159,290$1,367,327$0$38,078,045
99$70,588,289$1,319,077$0$41,811,795
100$77,669,416$1,264,834$0$45,923,789