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%19.4%
1 years$76,881$76,196$75,528$74,876$74,239$71,435
2 years$38,060$37,351$36,664$35,998$35,352$32,559
3 years$25,121$24,409$23,724$23,064$22,429$19,735
4 years$18,653$17,943$17,265$16,617$15,996$13,423
5 years$14,773$14,068$13,398$12,763$12,160$9,713
6 years$12,188$11,487$10,828$10,207$9,622$7,303
7 years$10,341$9,647$8,998$8,392$7,825$5,634
8 years$8,957$8,269$7,631$7,039$6,492$4,426
9 years$7,882$7,200$6,573$5,996$5,467$3,524
10 years$7,021$6,346$5,730$5,169$4,658$2,835
11 years$6,318$5,650$5,045$4,498$4,006$2,298
12 years$5,732$5,071$4,477$3,946$3,472$1,874
13 years$5,237$4,583$4,000$3,483$3,027$1,536
14 years$4,813$4,166$3,594$3,092$2,654$1,263
15 years$4,446$3,805$3,245$2,758$2,337$1,043
16 years$4,125$3,491$2,942$2,469$2,065$863
17 years$3,842$3,215$2,677$2,219$1,831$715
18 years$3,591$2,971$2,444$1,999$1,628$594
19 years$3,366$2,754$2,237$1,807$1,451$494
20 years$3,164$2,559$2,053$1,636$1,296$411
21 years$2,982$2,383$1,889$1,485$1,160$343
22 years$2,816$2,225$1,741$1,350$1,040$286
23 years$2,665$2,081$1,607$1,230$933$239
24 years$2,527$1,950$1,486$1,121$839$199
25 years$2,400$1,830$1,377$1,024$755$167
26 years$2,283$1,720$1,277$936$680$139
27 years$2,175$1,618$1,186$857$613$116
28 years$2,075$1,525$1,102$785$553$97
29 years$1,982$1,439$1,026$720$499$81
30 years$1,895$1,359$955$661$451$68
31 years$1,814$1,284$891$607$408$57
32 years$1,738$1,215$831$558$369$48
33 years$1,667$1,151$776$513$334$40
34 years$1,601$1,091$725$472$302$33
35 years$1,538$1,035$678$435$274$28
36 years$1,479$982$634$400$248$23
37 years$1,423$933$593$369$225$20
38 years$1,370$886$556$340$204$16
39 years$1,320$843$521$313$185$14
40 years$1,273$802$488$289$168$12
41 years$1,228$763$458$267$152$10
42 years$1,185$727$429$246$138$8
43 years$1,145$693$403$227$125$7
44 years$1,106$660$378$210$114$6
45 years$1,069$630$355$194$103$5
46 years$1,034$601$333$179$94$4
47 years$1,001$573$313$165$85$3
48 years$969$547$294$153$77$3
49 years$938$522$277$141$70$2
50 years$909$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $931,000, adding $4,816 every year, while hoping to spend $45,929 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: 67/25/8 Blend
50$931,000$931,000$931,000$931,000
51$1,030,930$981,587$967,156$1,098,149
52$1,087,216$980,816$950,688$1,142,627
53$1,147,705$978,469$932,128$1,185,266
54$1,212,776$974,419$911,359$1,230,663
55$1,282,846$968,532$888,257$1,279,081
56$1,358,373$960,667$862,691$1,330,810
57$1,439,862$950,675$834,526$1,386,173
58$1,527,865$938,395$803,620$1,445,523
59$1,622,991$923,660$769,824$1,509,254
60$1,725,906$906,289$732,983$1,577,798
61$1,837,346$886,095$692,936$1,651,636
62$1,958,118$862,876$649,512$1,731,297
63$2,089,110$836,421$602,534$1,817,366
64$2,231,297$806,504$551,818$1,910,490
65$2,385,755$772,888$497,168$2,011,384
66$2,553,663$735,320$438,385$2,120,837
67$2,736,321$693,536$375,255$2,239,721
68$2,935,160$647,253$307,560$2,369,001
69$3,151,751$596,174$235,069$2,509,741
70$3,387,827$539,983$157,541$2,663,116
71$3,645,293$478,350$74,726$2,830,427
72$3,926,245$410,921$0$3,013,107
73$4,232,992$337,326$0$3,213,906
74$4,568,074$257,172$0$3,440,292
75$4,934,290$170,046$0$3,687,837
76$5,334,718$75,508$0$3,958,698
77$5,772,749$0$0$4,255,259
78$6,252,117$0$0$4,587,549
79$6,776,933$0$0$4,974,139
80$7,351,723$0$0$5,397,599
81$7,981,474$0$0$5,861,610
82$8,671,675$0$0$6,370,223
83$9,428,374$0$0$6,927,903
84$10,258,230$0$0$7,539,565
85$11,168,579$0$0$8,210,625
86$12,167,499$0$0$8,947,047
87$13,263,891$0$0$9,755,401
88$14,467,557$0$0$10,642,923
89$15,789,295$0$0$11,617,585
90$17,241,001$0$0$12,688,168
91$18,835,778$0$0$13,864,347
92$20,588,063$0$0$15,156,780
93$22,513,759$0$0$16,577,205
94$24,630,386$0$0$18,138,559
95$26,957,246$0$0$19,855,091
96$29,515,604$0$0$21,742,501
97$32,328,889$0$0$23,818,085
98$35,422,915$0$0$26,100,901
99$38,826,120$0$0$28,611,946
100$42,569,839$0$0$31,374,353