Can I retire at age 51 with 935,000?

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 $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%11.6%
1 years$77,211$76,524$75,853$75,198$74,558$74,057
2 years$38,223$37,512$36,822$36,153$35,504$34,999
3 years$25,229$24,514$23,826$23,163$22,525$22,031
4 years$18,733$18,021$17,339$16,688$16,065$15,586
5 years$14,837$14,128$13,456$12,818$12,212$11,750
6 years$12,240$11,537$10,874$10,251$9,663$9,218
7 years$10,386$9,689$9,037$8,428$7,859$7,431
8 years$8,996$8,305$7,664$7,070$6,520$6,110
9 years$7,915$7,231$6,601$6,022$5,491$5,098
10 years$7,051$6,374$5,755$5,191$4,678$4,302
11 years$6,345$5,674$5,066$4,518$4,023$3,664
12 years$5,757$5,093$4,496$3,963$3,487$3,144
13 years$5,260$4,602$4,017$3,498$3,040$2,714
14 years$4,834$4,183$3,609$3,105$2,665$2,355
15 years$4,465$3,822$3,259$2,769$2,347$2,051
16 years$4,142$3,506$2,955$2,480$2,074$1,794
17 years$3,858$3,229$2,689$2,228$1,839$1,573
18 years$3,606$2,984$2,454$2,008$1,635$1,383
19 years$3,380$2,765$2,247$1,814$1,457$1,219
20 years$3,178$2,570$2,062$1,643$1,302$1,077
21 years$2,995$2,394$1,897$1,491$1,165$952
22 years$2,828$2,234$1,748$1,356$1,044$844
23 years$2,677$2,090$1,614$1,235$937$748
24 years$2,538$1,958$1,493$1,126$842$664
25 years$2,411$1,837$1,383$1,029$758$591
26 years$2,293$1,727$1,282$941$683$525
27 years$2,185$1,625$1,191$861$616$468
28 years$2,084$1,531$1,107$789$556$417
29 years$1,990$1,445$1,030$723$502$372
30 years$1,903$1,364$959$664$453$332
31 years$1,822$1,290$894$610$410$296
32 years$1,746$1,220$835$560$371$264
33 years$1,674$1,156$779$515$335$236
34 years$1,607$1,095$728$474$304$211
35 years$1,544$1,039$681$436$275$188
36 years$1,485$986$637$402$249$168
37 years$1,429$937$596$370$226$151
38 years$1,376$890$558$341$205$135
39 years$1,326$846$523$315$186$121
40 years$1,278$805$490$290$168$108
41 years$1,233$767$460$268$153$97
42 years$1,190$730$431$247$139$86
43 years$1,150$696$405$228$126$77
44 years$1,111$663$380$211$114$69
45 years$1,074$632$357$195$104$62
46 years$1,039$603$335$180$94$55
47 years$1,005$576$315$166$86$50
48 years$973$549$296$153$78$45
49 years$942$525$278$142$71$40
50 years$913$501$261$131$64$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $935,000, adding $3,323 every year, while hoping to spend $51,060 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: 68/9/23 Blend
50$935,000$935,000$935,000$935,000
51$1,033,798$984,243$969,750$1,097,844
52$1,084,918$978,143$947,909$1,135,089
53$1,139,540$970,033$923,626$1,169,623
54$1,197,970$959,761$896,763$1,206,196
55$1,260,538$947,165$867,180$1,245,009
56$1,327,610$932,073$834,727$1,286,284
57$1,399,585$914,304$799,250$1,330,267
58$1,476,904$893,666$760,587$1,377,231
59$1,560,049$869,956$718,566$1,427,477
60$1,649,547$842,957$673,012$1,481,339
61$1,745,982$812,443$623,738$1,539,189
62$1,849,990$778,170$570,552$1,601,434
63$1,962,273$739,885$513,250$1,668,530
64$2,083,603$697,317$451,621$1,740,977
65$2,214,825$650,180$385,445$1,819,331
66$2,356,871$598,173$314,491$1,904,207
67$2,510,763$540,975$238,518$1,996,284
68$2,677,628$478,249$157,275$2,096,314
69$2,858,702$409,640$70,500$2,205,128
70$3,055,346$334,768$0$2,323,646
71$3,269,057$253,238$0$2,458,308
72$3,501,481$164,627$0$2,623,630
73$3,754,431$68,493$0$2,803,607
74$4,029,899$0$0$2,999,689
75$4,330,080$0$0$3,217,000
76$4,657,386$0$0$3,461,395
77$5,014,475$0$0$3,728,081
78$5,404,272$0$0$4,019,247
79$5,829,994$0$0$4,337,306
80$6,295,187$0$0$4,684,912
81$6,803,751$0$0$5,064,988
82$7,359,983$0$0$5,480,751
83$7,968,610$0$0$5,935,744
84$8,634,842$0$0$6,433,870
85$9,364,413$0$0$6,979,424
86$10,163,637$0$0$7,577,137
87$11,039,470$0$0$8,232,220
88$11,999,571$0$0$8,950,411
89$13,052,376$0$0$9,738,031
90$14,207,175$0$0$10,602,040
91$15,474,203$0$0$11,550,106
92$16,864,732$0$0$12,590,675
93$18,391,177$0$0$13,733,049
94$20,067,217$0$0$14,987,476
95$21,907,917$0$0$16,365,245
96$23,929,874$0$0$17,878,792
97$26,151,373$0$0$19,541,815
98$28,592,555$0$0$21,369,407
99$31,275,610$0$0$23,378,196
100$34,224,986$0$0$25,586,497