Can I retire at age 51 with 932,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$76,964$76,278$75,609$74,956$74,319$71,483
2 years$38,101$37,391$36,704$36,037$35,390$32,566
3 years$25,148$24,436$23,750$23,089$22,453$19,730
4 years$18,673$17,963$17,284$16,634$16,014$13,413
5 years$14,789$14,083$13,413$12,777$12,173$9,701
6 years$12,201$11,500$10,840$10,218$9,632$7,290
7 years$10,353$9,658$9,008$8,401$7,834$5,621
8 years$8,967$8,278$7,639$7,047$6,499$4,413
9 years$7,890$7,208$6,580$6,002$5,473$3,512
10 years$7,029$6,353$5,736$5,174$4,663$2,823
11 years$6,325$5,656$5,050$4,503$4,010$2,286
12 years$5,738$5,076$4,482$3,950$3,475$1,863
13 years$5,243$4,588$4,004$3,487$3,031$1,526
14 years$4,818$4,170$3,598$3,095$2,657$1,255
15 years$4,450$3,809$3,248$2,761$2,339$1,035
16 years$4,129$3,495$2,945$2,472$2,067$856
17 years$3,846$3,219$2,680$2,221$1,833$709
18 years$3,594$2,974$2,446$2,001$1,630$588
19 years$3,370$2,757$2,240$1,809$1,453$489
20 years$3,168$2,562$2,055$1,638$1,298$407
21 years$2,985$2,386$1,891$1,487$1,161$339
22 years$2,819$2,227$1,742$1,352$1,041$282
23 years$2,668$2,083$1,609$1,231$934$236
24 years$2,530$1,952$1,488$1,123$840$197
25 years$2,403$1,832$1,378$1,025$756$164
26 years$2,286$1,721$1,278$937$681$137
27 years$2,178$1,620$1,187$858$614$115
28 years$2,077$1,527$1,103$786$554$96
29 years$1,984$1,440$1,027$721$500$80
30 years$1,897$1,360$956$662$452$67
31 years$1,816$1,286$892$608$408$56
32 years$1,740$1,217$832$558$369$47
33 years$1,669$1,152$777$514$334$39
34 years$1,602$1,092$726$473$303$33
35 years$1,539$1,036$679$435$274$27
36 years$1,480$983$635$401$248$23
37 years$1,424$934$594$369$225$19
38 years$1,372$887$556$340$204$16
39 years$1,322$844$521$314$185$13
40 years$1,274$803$489$289$168$11
41 years$1,229$764$458$267$152$9
42 years$1,187$728$430$246$138$8
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$5
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$3
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$2
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $932,000, adding $5,719 every year, while hoping to spend $23,840 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: 58/18/24 Blend
50$932,000$932,000$932,000$932,000
51$1,032,963$983,567$969,121$1,085,878
52$1,112,960$1,006,396$976,221$1,145,457
53$1,200,317$1,029,545$982,760$1,207,346
54$1,295,761$1,053,004$988,694$1,274,314
55$1,400,089$1,076,762$993,976$1,346,858
56$1,514,183$1,100,808$998,558$1,425,525
57$1,639,009$1,125,127$1,002,390$1,510,920
58$1,775,634$1,149,705$1,005,416$1,603,708
59$1,925,233$1,174,525$1,007,582$1,704,622
60$2,089,098$1,199,568$1,008,827$1,814,471
61$2,268,654$1,224,814$1,009,090$1,934,146
62$2,465,467$1,250,241$1,008,306$2,064,628
63$2,681,267$1,275,824$1,006,406$2,207,001
64$2,917,954$1,301,537$1,003,318$2,362,456
65$3,177,623$1,327,351$998,967$2,532,310
66$3,462,583$1,353,234$993,275$2,718,011
67$3,775,376$1,379,151$986,159$2,921,158
68$4,118,801$1,405,066$977,532$3,143,512
69$4,495,943$1,430,939$967,304$3,387,014
70$4,910,200$1,456,726$955,379$3,653,805
71$5,365,315$1,482,380$941,659$3,946,243
72$5,865,411$1,507,850$926,039$4,266,929
73$6,415,031$1,533,083$908,409$4,618,728
74$7,019,180$1,558,020$888,657$5,004,802
75$7,683,371$1,582,598$866,661$5,428,632
76$8,413,679$1,606,749$842,299$5,894,057
77$9,216,797$1,630,402$815,438$6,405,309
78$10,100,098$1,653,480$785,943$6,967,053
79$11,071,706$1,675,898$753,670$7,584,429
80$12,140,571$1,697,569$718,469$8,263,107
81$13,316,557$1,718,397$680,186$9,009,332
82$14,610,530$1,738,282$638,656$9,829,990
83$16,034,461$1,757,116$593,708$10,732,672
84$17,601,544$1,774,782$545,165$11,725,742
85$19,326,314$1,791,159$492,841$12,818,424
86$21,224,787$1,806,114$436,540$14,020,880
87$23,314,610$1,819,509$376,059$15,344,313
88$25,615,230$1,831,195$311,186$16,801,072
89$28,148,072$1,841,012$241,700$18,404,768
90$30,936,748$1,848,794$167,369$20,170,401
91$34,007,271$1,854,360$87,951$22,114,507
92$37,388,310$1,857,521$3,194$24,255,309
93$41,111,452$1,858,074$0$26,612,894
94$45,211,505$1,855,804$0$29,231,746
95$49,726,824$1,850,484$0$32,116,247
96$54,699,673$1,841,871$0$35,292,546
97$60,176,626$1,829,708$0$38,790,360
98$66,209,001$1,813,724$0$42,642,440
99$72,853,351$1,793,628$0$46,884,876
100$80,171,993$1,769,116$0$51,557,440