Can I retire at age 51 with 932,000?

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 $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%18%
1 years$76,964$76,278$75,609$74,956$74,319$71,911
2 years$38,101$37,391$36,704$36,037$35,390$32,987
3 years$25,148$24,436$23,750$23,089$22,453$20,130
4 years$18,673$17,963$17,284$16,634$16,014$13,788
5 years$14,789$14,083$13,413$12,777$12,173$10,052
6 years$12,201$11,500$10,840$10,218$9,632$7,616
7 years$10,353$9,658$9,008$8,401$7,834$5,923
8 years$8,967$8,278$7,639$7,047$6,499$4,692
9 years$7,890$7,208$6,580$6,002$5,473$3,768
10 years$7,029$6,353$5,736$5,174$4,663$3,057
11 years$6,325$5,656$5,050$4,503$4,010$2,501
12 years$5,738$5,076$4,482$3,950$3,475$2,059
13 years$5,243$4,588$4,004$3,487$3,031$1,703
14 years$4,818$4,170$3,598$3,095$2,657$1,415
15 years$4,450$3,809$3,248$2,761$2,339$1,180
16 years$4,129$3,495$2,945$2,472$2,067$986
17 years$3,846$3,219$2,680$2,221$1,833$826
18 years$3,594$2,974$2,446$2,001$1,630$693
19 years$3,370$2,757$2,240$1,809$1,453$583
20 years$3,168$2,562$2,055$1,638$1,298$490
21 years$2,985$2,386$1,891$1,487$1,161$413
22 years$2,819$2,227$1,742$1,352$1,041$349
23 years$2,668$2,083$1,609$1,231$934$294
24 years$2,530$1,952$1,488$1,123$840$248
25 years$2,403$1,832$1,378$1,025$756$210
26 years$2,286$1,721$1,278$937$681$177
27 years$2,178$1,620$1,187$858$614$150
28 years$2,077$1,527$1,103$786$554$127
29 years$1,984$1,440$1,027$721$500$107
30 years$1,897$1,360$956$662$452$91
31 years$1,816$1,286$892$608$408$77
32 years$1,740$1,217$832$558$369$65
33 years$1,669$1,152$777$514$334$55
34 years$1,602$1,092$726$473$303$47
35 years$1,539$1,036$679$435$274$40
36 years$1,480$983$635$401$248$34
37 years$1,424$934$594$369$225$28
38 years$1,372$887$556$340$204$24
39 years$1,322$844$521$314$185$20
40 years$1,274$803$489$289$168$17
41 years$1,229$764$458$267$152$15
42 years$1,187$728$430$246$138$12
43 years$1,146$693$403$227$125$11
44 years$1,107$661$379$210$114$9
45 years$1,071$630$355$194$103$8
46 years$1,035$601$334$179$94$6
47 years$1,002$574$314$166$85$5
48 years$970$548$295$153$77$5
49 years$939$523$277$141$70$4
50 years$910$500$260$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $932,000, adding $3,373 every year, while hoping to spend $50,635 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: 52/24/24 Blend
50$932,000$932,000$932,000$932,000
51$1,030,543$981,147$966,701$1,077,083
52$1,081,783$975,348$945,210$1,103,833
53$1,136,553$967,568$921,303$1,127,453
54$1,195,159$957,656$894,844$1,152,106
55$1,257,936$945,453$865,692$1,177,908
56$1,325,255$930,789$833,702$1,204,993
57$1,397,518$913,485$798,719$1,233,510
58$1,475,171$893,352$760,582$1,263,624
59$1,558,700$870,188$719,123$1,295,523
60$1,648,641$843,780$674,167$1,329,417
61$1,745,581$813,904$625,530$1,365,540
62$1,850,165$780,320$573,020$1,404,155
63$1,963,102$742,776$516,437$1,445,554
64$2,085,172$701,006$455,571$1,490,066
65$2,217,231$654,727$390,204$1,538,055
66$2,360,221$603,640$320,107$1,589,931
67$2,515,175$547,430$245,043$1,646,146
68$2,683,232$485,763$164,761$1,707,208
69$2,865,644$418,288$79,002$1,773,681
70$3,063,786$344,631$0$1,846,193
71$3,279,173$264,398$0$1,928,647
72$3,513,471$177,176$0$2,040,414
73$3,768,511$82,523$0$2,162,179
74$4,046,310$0$0$2,294,982
75$4,349,087$0$0$2,445,258
76$4,679,284$0$0$2,632,995
77$5,039,588$0$0$2,837,939
78$5,432,959$0$0$3,061,783
79$5,862,653$0$0$3,306,392
80$6,332,254$0$0$3,573,818
81$6,845,711$0$0$3,866,323
82$7,407,369$0$0$4,186,394
83$8,022,012$0$0$4,536,772
84$8,694,911$0$0$4,920,475
85$9,431,867$0$0$5,340,825
86$10,239,270$0$0$5,801,483
87$11,124,156$0$0$6,306,478
88$12,094,276$0$0$6,860,251
89$13,158,166$0$0$7,467,689
90$14,325,225$0$0$8,134,178
91$15,605,810$0$0$8,865,649
92$17,011,326$0$0$9,668,637
93$18,554,337$0$0$10,550,339
94$20,248,682$0$0$11,518,683
95$22,109,607$0$0$12,582,402
96$24,153,907$0$0$13,751,118
97$26,400,083$0$0$15,035,430
98$28,868,517$0$0$16,447,016
99$31,581,663$0$0$17,998,740
100$34,564,260$0$0$19,704,774