Can I retire at age 51 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$77,046$76,360$75,690$75,037$74,399$73,683
2 years$38,142$37,431$36,743$36,075$35,428$34,707
3 years$25,175$24,462$23,775$23,114$22,477$21,773
4 years$18,693$17,982$17,302$16,652$16,031$15,349
5 years$14,805$14,098$13,427$12,791$12,186$11,530
6 years$12,214$11,512$10,851$10,229$9,643$9,011
7 years$10,364$9,668$9,017$8,410$7,842$7,236
8 years$8,977$8,287$7,647$7,055$6,506$5,925
9 years$7,898$7,215$6,587$6,009$5,479$4,924
10 years$7,036$6,360$5,742$5,180$4,668$4,138
11 years$6,332$5,662$5,056$4,508$4,015$3,509
12 years$5,745$5,082$4,487$3,954$3,479$2,998
13 years$5,248$4,593$4,009$3,491$3,034$2,576
14 years$4,823$4,175$3,602$3,099$2,659$2,225
15 years$4,455$3,814$3,252$2,764$2,342$1,929
16 years$4,134$3,499$2,948$2,474$2,070$1,679
17 years$3,850$3,222$2,683$2,223$1,835$1,465
18 years$3,598$2,978$2,449$2,004$1,632$1,282
19 years$3,373$2,760$2,242$1,810$1,454$1,124
20 years$3,171$2,564$2,058$1,640$1,299$988
21 years$2,988$2,389$1,893$1,488$1,162$869
22 years$2,822$2,230$1,744$1,353$1,042$766
23 years$2,671$2,085$1,611$1,232$935$676
24 years$2,533$1,954$1,490$1,124$841$597
25 years$2,405$1,834$1,380$1,026$756$528
26 years$2,288$1,723$1,279$938$681$467
27 years$2,180$1,622$1,188$859$614$413
28 years$2,079$1,528$1,105$787$554$366
29 years$1,986$1,442$1,028$722$501$325
30 years$1,899$1,362$957$662$452$288
31 years$1,818$1,287$893$608$409$256
32 years$1,742$1,218$833$559$370$227
33 years$1,671$1,153$778$514$335$202
34 years$1,604$1,093$727$473$303$179
35 years$1,541$1,037$679$435$275$159
36 years$1,482$984$635$401$249$141
37 years$1,426$935$595$370$225$126
38 years$1,373$888$557$341$204$112
39 years$1,323$845$522$314$185$99
40 years$1,276$804$489$290$168$88
41 years$1,231$765$459$267$153$79
42 years$1,188$728$430$247$138$70
43 years$1,147$694$404$228$126$62
44 years$1,109$662$379$210$114$55
45 years$1,072$631$356$194$103$49
46 years$1,037$602$334$179$94$44
47 years$1,003$574$314$166$85$39
48 years$971$548$295$153$77$35
49 years$940$524$277$141$70$31
50 years$911$500$261$131$64$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $933,000, adding $6,238 every year, while hoping to spend $55,762 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: 73/10/17 Blend
50$933,000$933,000$933,000$933,000
51$1,034,600$985,151$970,690$1,105,635
52$1,080,799$974,094$943,878$1,142,523
53$1,129,842$960,625$914,298$1,175,525
54$1,181,959$944,569$881,800$1,210,221
55$1,237,403$925,737$846,225$1,246,767
56$1,296,451$903,931$807,407$1,285,336
57$1,359,407$878,942$765,173$1,326,119
58$1,426,602$850,545$719,341$1,369,329
59$1,498,399$818,506$669,723$1,415,200
60$1,575,198$782,574$616,121$1,463,992
61$1,657,435$742,487$558,328$1,515,993
62$1,745,589$697,965$496,128$1,571,522
63$1,840,187$648,713$429,296$1,630,930
64$1,941,805$594,419$357,596$1,694,608
65$2,051,076$534,753$280,783$1,762,989
66$2,168,697$469,367$198,600$1,836,549
67$2,295,429$397,891$110,778$1,915,818
68$2,432,112$319,937$17,039$2,001,381
69$2,579,667$235,094$0$2,093,883
70$2,739,107$142,926$0$2,209,097
71$2,911,543$42,977$0$2,337,034
72$3,098,198$0$0$2,475,533
73$3,300,418$0$0$2,632,802
74$3,519,679$0$0$2,808,488
75$3,757,607$0$0$2,999,168
76$4,015,989$0$0$3,206,281
77$4,296,793$0$0$3,431,407
78$4,602,181$0$0$3,676,286
79$4,934,532$0$0$3,942,831
80$5,296,465$0$0$4,233,147
81$5,690,862$0$0$4,549,553
82$6,120,894$0$0$4,894,598
83$6,590,049$0$0$5,271,088
84$7,102,171$0$0$5,682,114
85$7,661,487$0$0$6,131,075
86$8,272,652$0$0$6,621,716
87$8,940,792$0$0$7,158,159
88$9,671,548$0$0$7,744,941
89$10,471,133$0$0$8,387,059
90$11,346,389$0$0$9,090,016
91$12,304,847$0$0$9,859,869
92$13,354,803$0$0$10,703,292
93$14,505,393$0$0$11,627,632
94$15,766,678$0$0$12,640,982
95$17,149,739$0$0$13,752,255
96$18,666,779$0$0$14,971,267
97$20,331,243$0$0$16,308,831
98$22,157,936$0$0$17,776,857
99$24,163,169$0$0$19,388,464
100$26,364,906$0$0$21,158,104