Can I retire at age 51 with 934,000?

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 $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%17.2%
1 years$77,129$76,442$75,772$75,117$74,478$72,297
2 years$38,183$37,471$36,782$36,114$35,466$33,286
3 years$25,202$24,488$23,801$23,139$22,501$20,391
4 years$18,713$18,001$17,321$16,670$16,048$14,024
5 years$14,821$14,113$13,442$12,804$12,199$10,266
6 years$12,227$11,525$10,863$10,240$9,653$7,813
7 years$10,375$9,678$9,027$8,419$7,850$6,104
8 years$8,986$8,296$7,656$7,062$6,513$4,858
9 years$7,907$7,223$6,594$6,015$5,485$3,920
10 years$7,044$6,367$5,749$5,185$4,673$3,197
11 years$6,338$5,668$5,061$4,513$4,019$2,629
12 years$5,751$5,087$4,492$3,958$3,483$2,175
13 years$5,254$4,597$4,013$3,495$3,037$1,810
14 years$4,828$4,179$3,606$3,102$2,662$1,512
15 years$4,460$3,818$3,255$2,767$2,344$1,267
16 years$4,138$3,503$2,951$2,477$2,072$1,065
17 years$3,854$3,226$2,686$2,226$1,837$898
18 years$3,602$2,981$2,452$2,006$1,633$758
19 years$3,377$2,763$2,244$1,812$1,456$641
20 years$3,174$2,567$2,060$1,641$1,300$543
21 years$2,991$2,391$1,895$1,490$1,164$460
22 years$2,825$2,232$1,746$1,355$1,043$391
23 years$2,674$2,088$1,612$1,234$936$332
24 years$2,535$1,956$1,491$1,125$842$282
25 years$2,408$1,836$1,381$1,028$757$240
26 years$2,291$1,725$1,281$940$682$204
27 years$2,182$1,624$1,189$860$615$174
28 years$2,082$1,530$1,106$788$555$148
29 years$1,988$1,443$1,029$723$501$126
30 years$1,901$1,363$958$663$453$107
31 years$1,820$1,288$894$609$409$91
32 years$1,744$1,219$834$560$370$78
33 years$1,673$1,155$778$515$335$66
34 years$1,606$1,094$727$474$303$57
35 years$1,543$1,038$680$436$275$48
36 years$1,483$985$636$401$249$41
37 years$1,427$936$595$370$226$35
38 years$1,374$889$558$341$205$30
39 years$1,324$846$522$314$186$26
40 years$1,277$804$490$290$168$22
41 years$1,232$766$459$268$153$19
42 years$1,189$729$431$247$139$16
43 years$1,148$695$404$228$126$14
44 years$1,110$662$379$210$114$12
45 years$1,073$632$356$194$104$10
46 years$1,038$603$335$180$94$8
47 years$1,004$575$314$166$85$7
48 years$972$549$295$153$78$6
49 years$941$524$278$142$70$5
50 years$912$501$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $934,000, adding $5,380 every year, while hoping to spend $23,100 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: 69/9/22 Blend
50$934,000$934,000$934,000$934,000
51$1,034,817$985,315$970,838$1,100,162
52$1,115,791$1,009,018$978,783$1,168,252
53$1,204,249$1,033,107$986,220$1,239,542
54$1,300,931$1,057,578$993,107$1,316,999
55$1,406,651$1,082,425$999,402$1,401,232
56$1,522,305$1,107,639$1,005,057$1,492,909
57$1,648,879$1,133,213$1,010,026$1,592,769
58$1,787,460$1,159,135$1,014,257$1,701,627
59$1,939,243$1,185,395$1,017,696$1,820,378
60$2,105,547$1,211,980$1,020,290$1,950,010
61$2,287,821$1,238,875$1,021,978$2,091,612
62$2,487,663$1,266,065$1,022,699$2,246,383
63$2,706,834$1,293,531$1,022,388$2,415,645
64$2,947,271$1,321,254$1,020,978$2,600,855
65$3,211,109$1,349,212$1,018,398$2,803,617
66$3,500,700$1,377,381$1,014,572$3,025,702
67$3,818,635$1,405,736$1,009,423$3,269,057
68$4,167,766$1,434,247$1,002,869$3,535,832
69$4,551,236$1,462,883$994,823$3,828,394
70$4,972,509$1,491,611$985,196$4,149,352
71$5,435,398$1,520,394$973,894$4,501,583
72$5,944,107$1,549,191$960,818$4,888,255
73$6,503,264$1,577,960$945,863$5,312,861
74$7,117,971$1,606,654$928,923$5,779,251
75$7,793,845$1,635,221$909,884$6,291,667
76$8,537,079$1,663,609$888,627$6,854,784
77$9,354,493$1,691,758$865,028$7,473,755
78$10,253,603$1,719,605$838,957$8,154,259
79$11,242,687$1,747,082$810,279$8,902,555
80$12,330,869$1,774,117$778,851$9,725,540
81$13,528,201$1,800,632$744,526$10,630,818
82$14,845,757$1,826,543$707,148$11,626,765
83$16,295,741$1,851,761$666,554$12,722,617
84$17,891,599$1,876,189$622,576$13,928,548
85$19,648,146$1,899,726$575,035$15,255,775
86$21,581,705$1,922,261$523,748$16,716,659
87$23,710,266$1,943,678$468,520$18,324,821
88$26,053,647$1,963,853$409,149$20,095,275
89$28,633,688$1,982,651$345,425$22,044,567
90$31,474,455$1,999,931$277,127$24,190,932
91$34,602,464$2,015,542$204,026$26,554,467
92$38,046,934$2,029,323$125,880$29,157,320
93$41,840,064$2,041,103$42,440$32,023,900
94$46,017,332$2,050,698$0$35,181,108
95$50,617,833$2,057,915$0$38,669,532
96$55,684,647$2,062,549$0$42,522,247
97$61,265,246$2,064,378$0$46,765,356
98$67,411,940$2,063,172$0$51,438,611
99$74,182,372$2,058,681$0$56,585,820
100$81,640,063$2,050,645$0$62,255,258