Can I retire at age 51 with 936,000?

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 $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%18.3%
1 years$77,294$76,606$75,934$75,278$74,638$72,133
2 years$38,264$37,552$36,861$36,191$35,542$33,043
3 years$25,256$24,540$23,852$23,188$22,549$20,135
4 years$18,753$18,040$17,358$16,706$16,082$13,771
5 years$14,853$14,143$13,470$12,832$12,226$10,023
6 years$12,253$11,549$10,886$10,262$9,674$7,582
7 years$10,397$9,699$9,046$8,437$7,867$5,886
8 years$9,006$8,314$7,672$7,077$6,527$4,655
9 years$7,924$7,239$6,608$6,028$5,496$3,731
10 years$7,059$6,381$5,761$5,196$4,683$3,022
11 years$6,352$5,680$5,072$4,522$4,028$2,467
12 years$5,763$5,098$4,501$3,967$3,490$2,027
13 years$5,265$4,607$4,021$3,502$3,044$1,673
14 years$4,839$4,188$3,613$3,109$2,668$1,387
15 years$4,470$3,826$3,262$2,772$2,349$1,154
16 years$4,147$3,510$2,958$2,482$2,076$962
17 years$3,862$3,233$2,691$2,230$1,841$805
18 years$3,610$2,987$2,457$2,010$1,637$674
19 years$3,384$2,768$2,249$1,816$1,459$565
20 years$3,181$2,573$2,064$1,645$1,303$474
21 years$2,998$2,396$1,899$1,493$1,166$399
22 years$2,831$2,237$1,750$1,357$1,045$336
23 years$2,680$2,092$1,616$1,236$938$283
24 years$2,541$1,960$1,494$1,128$843$238
25 years$2,413$1,839$1,384$1,030$759$201
26 years$2,296$1,729$1,284$942$684$169
27 years$2,187$1,627$1,192$862$616$143
28 years$2,086$1,533$1,108$790$556$120
29 years$1,993$1,446$1,031$724$502$102
30 years$1,905$1,366$960$665$454$86
31 years$1,824$1,291$895$610$410$73
32 years$1,748$1,222$835$561$371$61
33 years$1,676$1,157$780$516$336$52
34 years$1,609$1,097$729$475$304$44
35 years$1,546$1,040$681$437$275$37
36 years$1,487$987$637$402$250$31
37 years$1,430$938$597$371$226$26
38 years$1,377$891$559$342$205$22
39 years$1,327$847$523$315$186$19
40 years$1,280$806$491$291$169$16
41 years$1,235$767$460$268$153$13
42 years$1,192$731$432$247$139$11
43 years$1,151$696$405$228$126$10
44 years$1,112$664$380$211$114$8
45 years$1,075$633$357$195$104$7
46 years$1,040$604$335$180$94$6
47 years$1,006$576$315$166$86$5
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$4
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $936,000, adding $2,409 every year, while hoping to spend $47,412 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: 64/27/9 Blend
50$936,000$936,000$936,000$936,000
51$1,033,957$984,349$969,841$1,098,033
52$1,088,974$982,136$951,885$1,138,854
53$1,148,015$978,226$931,738$1,177,642
54$1,211,438$972,484$909,277$1,218,792
55$1,279,640$964,771$884,373$1,262,530
56$1,353,054$954,936$856,890$1,309,108
57$1,432,158$942,820$826,688$1,358,804
58$1,517,475$928,255$793,619$1,411,927
59$1,609,580$911,062$757,528$1,468,816
60$1,709,105$891,052$718,253$1,529,850
61$1,816,746$868,026$675,626$1,595,445
62$1,933,265$841,770$629,471$1,666,066
63$2,059,502$812,061$579,602$1,742,222
64$2,196,380$778,661$525,828$1,824,480
65$2,344,914$741,319$467,946$1,913,466
66$2,506,221$699,769$405,748$2,009,872
67$2,681,528$653,730$339,013$2,114,466
68$2,872,185$602,904$267,512$2,228,093
69$3,079,680$546,979$191,005$2,351,692
70$3,305,648$485,620$109,244$2,486,298
71$3,551,886$418,478$21,966$2,633,057
72$3,820,377$345,182$0$2,793,235
73$4,113,299$265,339$0$2,975,068
74$4,433,051$178,536$0$3,175,962
75$4,782,274$84,336$0$3,395,546
76$5,163,874$0$0$3,635,738
77$5,581,053$0$0$3,903,923
78$6,037,334$0$0$4,224,712
79$6,536,597$0$0$4,575,783
80$7,083,113$0$0$4,960,147
81$7,681,586$0$0$5,381,123
82$8,337,198$0$0$5,842,362
83$9,055,654$0$0$6,347,886
84$9,843,236$0$0$6,902,127
85$10,706,864$0$0$7,509,963
86$11,654,160$0$0$8,176,769
87$12,693,519$0$0$8,908,464
88$13,834,187$0$0$9,711,568
89$15,086,351$0$0$10,593,263
90$16,461,229$0$0$11,561,462
91$17,971,180$0$0$12,624,879
92$19,629,821$0$0$13,793,115
93$21,452,149$0$0$15,076,747
94$23,454,686$0$0$16,487,427
95$25,655,637$0$0$18,037,990
96$28,075,055$0$0$19,742,580
97$30,735,033$0$0$21,616,777
98$33,659,914$0$0$23,677,745
99$36,876,514$0$0$25,944,399
100$40,414,381$0$0$28,437,574