Can I retire at age 51 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$77,129$76,442$75,772$75,117$74,478$73,701
2 years$38,183$37,471$36,782$36,114$35,466$34,683
3 years$25,202$24,488$23,801$23,139$22,501$21,737
4 years$18,713$18,001$17,321$16,670$16,048$15,308
5 years$14,821$14,113$13,442$12,804$12,199$11,487
6 years$12,227$11,525$10,863$10,240$9,653$8,968
7 years$10,375$9,678$9,027$8,419$7,850$7,193
8 years$8,986$8,296$7,656$7,062$6,513$5,884
9 years$7,907$7,223$6,594$6,015$5,485$4,883
10 years$7,044$6,367$5,749$5,185$4,673$4,099
11 years$6,338$5,668$5,061$4,513$4,019$3,472
12 years$5,751$5,087$4,492$3,958$3,483$2,962
13 years$5,254$4,597$4,013$3,495$3,037$2,542
14 years$4,828$4,179$3,606$3,102$2,662$2,193
15 years$4,460$3,818$3,255$2,767$2,344$1,899
16 years$4,138$3,503$2,951$2,477$2,072$1,650
17 years$3,854$3,226$2,686$2,226$1,837$1,438
18 years$3,602$2,981$2,452$2,006$1,633$1,257
19 years$3,377$2,763$2,244$1,812$1,456$1,100
20 years$3,174$2,567$2,060$1,641$1,300$965
21 years$2,991$2,391$1,895$1,490$1,164$848
22 years$2,825$2,232$1,746$1,355$1,043$746
23 years$2,674$2,088$1,612$1,234$936$657
24 years$2,535$1,956$1,491$1,125$842$580
25 years$2,408$1,836$1,381$1,028$757$512
26 years$2,291$1,725$1,281$940$682$452
27 years$2,182$1,624$1,189$860$615$400
28 years$2,082$1,530$1,106$788$555$354
29 years$1,988$1,443$1,029$723$501$313
30 years$1,901$1,363$958$663$453$277
31 years$1,820$1,288$894$609$409$246
32 years$1,744$1,219$834$560$370$218
33 years$1,673$1,155$778$515$335$193
34 years$1,606$1,094$727$474$303$171
35 years$1,543$1,038$680$436$275$152
36 years$1,483$985$636$401$249$135
37 years$1,427$936$595$370$226$119
38 years$1,374$889$558$341$205$106
39 years$1,324$846$522$314$186$94
40 years$1,277$804$490$290$168$84
41 years$1,232$766$459$268$153$74
42 years$1,189$729$431$247$139$66
43 years$1,148$695$404$228$126$59
44 years$1,110$662$379$210$114$52
45 years$1,073$632$356$194$104$46
46 years$1,038$603$335$180$94$41
47 years$1,004$575$314$166$85$36
48 years$972$549$295$153$78$32
49 years$941$524$278$142$70$29
50 years$912$501$261$131$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $934,000, adding $6,738 every year, while hoping to spend $55,397 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: 55/26/19 Blend
50$934,000$934,000$934,000$934,000
51$1,036,218$986,716$972,239$1,087,560
52$1,082,971$976,123$945,867$1,112,784
53$1,132,635$963,155$916,755$1,133,772
54$1,185,450$947,636$884,753$1,155,410
55$1,241,676$929,380$849,703$1,177,776
56$1,301,600$908,193$811,441$1,200,957
57$1,365,535$883,866$769,795$1,225,053
58$1,433,822$856,178$724,586$1,250,176
59$1,506,839$824,897$675,626$1,276,454
60$1,584,996$789,777$622,720$1,304,031
61$1,668,746$750,556$565,661$1,333,069
62$1,758,584$706,959$504,236$1,363,752
63$1,855,053$658,694$438,222$1,396,286
64$1,958,751$605,453$367,385$1,430,903
65$2,070,332$546,908$291,481$1,467,863
66$2,190,516$482,717$210,255$1,507,458
67$2,320,092$412,514$123,443$1,550,015
68$2,459,929$335,914$30,765$1,595,902
69$2,610,979$252,512$0$1,645,529
70$2,774,291$161,877$0$1,713,168
71$2,951,016$63,556$0$1,793,072
72$3,142,420$0$0$1,879,633
73$3,349,895$0$0$1,985,840
74$3,574,971$0$0$2,120,856
75$3,819,331$0$0$2,267,516
76$4,084,828$0$0$2,426,941
77$4,373,496$0$0$2,600,363
78$4,687,577$0$0$2,789,140
79$5,029,536$0$0$2,994,763
80$5,402,086$0$0$3,218,875
81$5,808,210$0$0$3,463,285
82$6,251,196$0$0$3,729,981
83$6,734,658$0$0$4,021,153
84$7,262,577$0$0$4,339,212
85$7,839,335$0$0$4,686,812
86$8,469,756$0$0$5,066,875
87$9,159,150$0$0$5,482,617
88$9,913,365$0$0$5,937,581
89$10,738,839$0$0$6,435,668
90$11,642,663$0$0$6,981,171
91$12,632,642$0$0$7,578,821
92$13,717,377$0$0$8,233,827
93$14,906,334$0$0$8,951,926
94$16,209,944$0$0$9,739,435
95$17,639,691$0$0$10,603,315
96$19,208,227$0$0$11,551,229
97$20,929,487$0$0$12,591,622
98$22,818,818$0$0$13,733,793
99$24,893,129$0$0$14,987,987
100$27,171,043$0$0$16,365,489