Can I retire at age 51 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$77,294$76,606$75,934$75,278$74,638$73,982
2 years$38,264$37,552$36,861$36,191$35,542$34,881
3 years$25,256$24,540$23,852$23,188$22,549$21,903
4 years$18,753$18,040$17,358$16,706$16,082$15,457
5 years$14,853$14,143$13,470$12,832$12,226$11,622
6 years$12,253$11,549$10,886$10,262$9,674$9,093
7 years$10,397$9,699$9,046$8,437$7,867$7,310
8 years$9,006$8,314$7,672$7,077$6,527$5,993
9 years$7,924$7,239$6,608$6,028$5,496$4,986
10 years$7,059$6,381$5,761$5,196$4,683$4,195
11 years$6,352$5,680$5,072$4,522$4,028$3,562
12 years$5,763$5,098$4,501$3,967$3,490$3,047
13 years$5,265$4,607$4,021$3,502$3,044$2,622
14 years$4,839$4,188$3,613$3,109$2,668$2,267
15 years$4,470$3,826$3,262$2,772$2,349$1,969
16 years$4,147$3,510$2,958$2,482$2,076$1,715
17 years$3,862$3,233$2,691$2,230$1,841$1,499
18 years$3,610$2,987$2,457$2,010$1,637$1,314
19 years$3,384$2,768$2,249$1,816$1,459$1,154
20 years$3,181$2,573$2,064$1,645$1,303$1,015
21 years$2,998$2,396$1,899$1,493$1,166$894
22 years$2,831$2,237$1,750$1,357$1,045$789
23 years$2,680$2,092$1,616$1,236$938$698
24 years$2,541$1,960$1,494$1,128$843$617
25 years$2,413$1,839$1,384$1,030$759$546
26 years$2,296$1,729$1,284$942$684$484
27 years$2,187$1,627$1,192$862$616$429
28 years$2,086$1,533$1,108$790$556$381
29 years$1,993$1,446$1,031$724$502$338
30 years$1,905$1,366$960$665$454$301
31 years$1,824$1,291$895$610$410$267
32 years$1,748$1,222$835$561$371$238
33 years$1,676$1,157$780$516$336$211
34 years$1,609$1,097$729$475$304$188
35 years$1,546$1,040$681$437$275$167
36 years$1,487$987$637$402$250$149
37 years$1,430$938$597$371$226$133
38 years$1,377$891$559$342$205$118
39 years$1,327$847$523$315$186$105
40 years$1,280$806$491$291$169$94
41 years$1,235$767$460$268$153$84
42 years$1,192$731$432$247$139$74
43 years$1,151$696$405$228$126$66
44 years$1,112$664$380$211$114$59
45 years$1,075$633$357$195$104$53
46 years$1,040$604$335$180$94$47
47 years$1,006$576$315$166$86$42
48 years$974$550$296$154$78$37
49 years$943$525$278$142$71$33
50 years$914$502$262$131$64$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $936,000, adding $5,596 every year, while hoping to spend $59,968 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: 47/46/7 Blend
50$936,000$936,000$936,000$936,000
51$1,037,244$987,636$973,128$1,083,785
52$1,079,238$972,225$941,923$1,100,908
53$1,123,505$954,049$907,662$1,112,732
54$1,170,214$932,908$870,180$1,124,163
55$1,219,548$908,594$829,304$1,135,181
56$1,271,709$880,882$784,853$1,145,771
57$1,326,915$849,537$736,637$1,155,916
58$1,385,406$814,309$684,459$1,165,608
59$1,447,441$774,934$628,112$1,174,838
60$1,513,306$731,133$567,381$1,183,605
61$1,583,314$682,609$502,039$1,191,911
62$1,657,806$629,051$431,851$1,199,765
63$1,737,156$570,127$356,571$1,207,183
64$1,821,771$505,489$275,942$1,214,192
65$1,912,102$434,768$189,696$1,220,825
66$2,008,639$357,574$97,553$1,227,129
67$2,111,919$273,494$0$1,233,162
68$2,222,534$182,095$0$1,239,057
69$2,341,130$82,915$0$1,252,626
70$2,468,417$0$0$1,266,709
71$2,605,176$0$0$1,293,878
72$2,752,261$0$0$1,368,313
73$2,910,611$0$0$1,448,527
74$3,081,258$0$0$1,535,054
75$3,265,334$0$0$1,628,477
76$3,464,085$0$0$1,729,441
77$3,678,877$0$0$1,838,651
78$3,911,214$0$0$1,956,884
79$4,162,748$0$0$2,084,993
80$4,435,295$0$0$2,223,918
81$4,730,852$0$0$2,374,690
82$5,051,615$0$0$2,538,444
83$5,400,000$0$0$2,716,430
84$5,778,663$0$0$2,910,020
85$6,190,528$0$0$3,120,728
86$6,638,809$0$0$3,350,215
87$7,127,046$0$0$3,600,311
88$7,659,133$0$0$3,873,031
89$8,239,353$0$0$4,170,591
90$8,872,425$0$0$4,495,432
91$9,563,538$0$0$4,850,239
92$10,318,408$0$0$5,237,968
93$11,143,325$0$0$5,661,876
94$12,045,215$0$0$6,125,546
95$13,031,705$0$0$6,632,924
96$14,111,190$0$0$7,188,355
97$15,292,915$0$0$7,796,626
98$16,587,061$0$0$8,463,004
99$18,004,839$0$0$9,193,293
100$19,558,596$0$0$9,993,884