Can I retire at age 51 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$77,211$76,524$75,853$75,198$74,558$72,579
2 years$38,223$37,512$36,822$36,153$35,504$33,524
3 years$25,229$24,514$23,826$23,163$22,525$20,606
4 years$18,733$18,021$17,339$16,688$16,065$14,222
5 years$14,837$14,128$13,456$12,818$12,212$10,450
6 years$12,240$11,537$10,874$10,251$9,663$7,983
7 years$10,386$9,689$9,037$8,428$7,859$6,261
8 years$8,996$8,305$7,664$7,070$6,520$5,004
9 years$7,915$7,231$6,601$6,022$5,491$4,055
10 years$7,051$6,374$5,755$5,191$4,678$3,322
11 years$6,345$5,674$5,066$4,518$4,023$2,743
12 years$5,757$5,093$4,496$3,963$3,487$2,281
13 years$5,260$4,602$4,017$3,498$3,040$1,906
14 years$4,834$4,183$3,609$3,105$2,665$1,600
15 years$4,465$3,822$3,259$2,769$2,347$1,348
16 years$4,142$3,506$2,955$2,480$2,074$1,139
17 years$3,858$3,229$2,689$2,228$1,839$965
18 years$3,606$2,984$2,454$2,008$1,635$819
19 years$3,380$2,765$2,247$1,814$1,457$696
20 years$3,178$2,570$2,062$1,643$1,302$593
21 years$2,995$2,394$1,897$1,491$1,165$505
22 years$2,828$2,234$1,748$1,356$1,044$431
23 years$2,677$2,090$1,614$1,235$937$368
24 years$2,538$1,958$1,493$1,126$842$315
25 years$2,411$1,837$1,383$1,029$758$269
26 years$2,293$1,727$1,282$941$683$230
27 years$2,185$1,625$1,191$861$616$197
28 years$2,084$1,531$1,107$789$556$169
29 years$1,990$1,445$1,030$723$502$145
30 years$1,903$1,364$959$664$453$124
31 years$1,822$1,290$894$610$410$106
32 years$1,746$1,220$835$560$371$91
33 years$1,674$1,156$779$515$335$78
34 years$1,607$1,095$728$474$304$67
35 years$1,544$1,039$681$436$275$57
36 years$1,485$986$637$402$249$49
37 years$1,429$937$596$370$226$42
38 years$1,376$890$558$341$205$36
39 years$1,326$846$523$315$186$31
40 years$1,278$805$490$290$168$27
41 years$1,233$767$460$268$153$23
42 years$1,190$730$431$247$139$20
43 years$1,150$696$405$228$126$17
44 years$1,111$663$380$211$114$14
45 years$1,074$632$357$195$104$12
46 years$1,039$603$335$180$94$11
47 years$1,005$576$315$166$86$9
48 years$973$549$296$153$78$8
49 years$942$525$278$142$71$7
50 years$913$501$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $935,000, adding $5,103 every year, while hoping to spend $49,174 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: 51/24/25 Blend
50$935,000$935,000$935,000$935,000
51$1,035,634$986,079$971,586$1,080,956
52$1,088,948$982,076$951,814$1,108,958
53$1,146,051$976,229$929,731$1,133,992
54$1,207,280$968,395$905,208$1,160,218
55$1,273,000$958,424$878,110$1,187,769
56$1,343,615$946,155$848,295$1,216,794
57$1,419,566$931,420$815,616$1,247,462
58$1,501,340$914,038$779,917$1,279,960
59$1,589,470$893,819$741,038$1,314,498
60$1,684,542$870,562$698,808$1,351,312
61$1,787,198$844,053$653,052$1,390,663
62$1,898,147$814,066$603,583$1,432,845
63$2,018,165$780,362$550,211$1,478,184
64$2,148,107$742,689$492,732$1,527,045
65$2,288,912$700,778$430,936$1,579,835
66$2,441,612$654,348$364,603$1,637,006
67$2,607,344$603,098$293,505$1,699,061
68$2,787,356$546,712$217,400$1,766,561
69$2,983,022$484,857$136,038$1,840,130
70$3,195,853$417,178$49,159$1,920,461
71$3,427,513$343,303$0$2,008,324
72$3,679,832$262,837$0$2,116,194
73$3,954,822$175,364$0$2,248,151
74$4,254,700$80,443$0$2,392,203
75$4,581,906$0$0$2,549,602
76$4,939,122$0$0$2,727,648
77$5,329,306$0$0$2,945,419
78$5,755,710$0$0$3,183,499
79$6,221,915$0$0$3,443,899
80$6,731,866$0$0$3,728,834
81$7,289,904$0$0$4,040,743
82$7,900,811$0$0$4,382,310
83$8,569,852$0$0$4,756,494
84$9,302,824$0$0$5,166,551
85$10,106,113$0$0$5,616,068
86$10,986,751$0$0$6,108,995
87$11,952,483$0$0$6,649,684
88$13,011,840$0$0$7,242,927
89$14,174,218$0$0$7,894,002
90$15,449,966$0$0$8,608,724
91$16,850,485$0$0$9,393,498
92$18,388,333$0$0$10,255,379
93$20,077,343$0$0$11,202,141
94$21,932,753$0$0$12,242,344
95$23,971,353$0$0$13,385,423
96$26,211,635$0$0$14,641,767
97$28,673,976$0$0$16,022,826
98$31,380,820$0$0$17,541,213
99$34,356,899$0$0$19,210,822
100$37,629,459$0$0$21,046,965