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%14.2%
1 years$77,294$76,606$75,934$75,278$74,638$73,341
2 years$38,264$37,552$36,861$36,191$35,542$34,240
3 years$25,256$24,540$23,852$23,188$22,549$21,282
4 years$18,753$18,040$17,358$16,706$16,082$14,860
5 years$14,853$14,143$13,470$12,832$12,226$11,051
6 years$12,253$11,549$10,886$10,262$9,674$8,549
7 years$10,397$9,699$9,046$8,437$7,867$6,793
8 years$9,006$8,314$7,672$7,077$6,527$5,502
9 years$7,924$7,239$6,608$6,028$5,496$4,521
10 years$7,059$6,381$5,761$5,196$4,683$3,756
11 years$6,352$5,680$5,072$4,522$4,028$3,148
12 years$5,763$5,098$4,501$3,967$3,490$2,657
13 years$5,265$4,607$4,021$3,502$3,044$2,255
14 years$4,839$4,188$3,613$3,109$2,668$1,923
15 years$4,470$3,826$3,262$2,772$2,349$1,646
16 years$4,147$3,510$2,958$2,482$2,076$1,413
17 years$3,862$3,233$2,691$2,230$1,841$1,217
18 years$3,610$2,987$2,457$2,010$1,637$1,050
19 years$3,384$2,768$2,249$1,816$1,459$908
20 years$3,181$2,573$2,064$1,645$1,303$787
21 years$2,998$2,396$1,899$1,493$1,166$683
22 years$2,831$2,237$1,750$1,357$1,045$593
23 years$2,680$2,092$1,616$1,236$938$516
24 years$2,541$1,960$1,494$1,128$843$449
25 years$2,413$1,839$1,384$1,030$759$391
26 years$2,296$1,729$1,284$942$684$341
27 years$2,187$1,627$1,192$862$616$297
28 years$2,086$1,533$1,108$790$556$259
29 years$1,993$1,446$1,031$724$502$226
30 years$1,905$1,366$960$665$454$198
31 years$1,824$1,291$895$610$410$173
32 years$1,748$1,222$835$561$371$151
33 years$1,676$1,157$780$516$336$132
34 years$1,609$1,097$729$475$304$115
35 years$1,546$1,040$681$437$275$101
36 years$1,487$987$637$402$250$88
37 years$1,430$938$597$371$226$77
38 years$1,377$891$559$342$205$67
39 years$1,327$847$523$315$186$59
40 years$1,280$806$491$291$169$52
41 years$1,235$767$460$268$153$45
42 years$1,192$731$432$247$139$40
43 years$1,151$696$405$228$126$35
44 years$1,112$664$380$211$114$30
45 years$1,075$633$357$195$104$27
46 years$1,040$604$335$180$94$23
47 years$1,006$576$315$166$86$20
48 years$974$550$296$154$78$18
49 years$943$525$278$142$71$16
50 years$914$502$262$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $936,000, adding $5,171 every year, while hoping to spend $31,738 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: 41/38/21 Blend
50$936,000$936,000$936,000$936,000
51$1,036,806$987,198$972,690$1,072,714
52$1,108,791$1,001,802$971,506$1,113,442
53$1,187,055$1,016,057$969,219$1,154,061
54$1,272,205$1,029,914$965,758$1,197,379
55$1,364,908$1,043,318$961,049$1,243,662
56$1,465,899$1,056,211$955,015$1,293,201
57$1,575,988$1,068,532$947,574$1,346,319
58$1,696,063$1,080,215$938,643$1,403,373
59$1,827,104$1,091,189$928,130$1,464,760
60$1,970,191$1,101,378$915,944$1,530,915
61$2,126,508$1,110,704$901,987$1,602,323
62$2,297,364$1,119,081$886,155$1,679,517
63$2,484,197$1,126,417$868,343$1,763,088
64$2,688,590$1,132,617$848,438$1,853,689
65$2,912,289$1,137,577$826,322$1,952,042
66$3,157,212$1,141,189$801,874$2,058,944
67$3,425,476$1,143,335$774,965$2,175,277
68$3,719,408$1,143,892$745,460$2,302,015
69$4,041,575$1,142,730$713,220$2,440,234
70$4,394,800$1,139,709$678,098$2,591,122
71$4,782,196$1,134,680$639,940$2,755,995
72$5,207,188$1,127,488$598,586$2,936,302
73$5,673,551$1,117,965$553,869$3,133,647
74$6,185,444$1,105,935$505,614$3,349,799
75$6,747,445$1,091,212$453,637$3,586,714
76$7,364,599$1,073,596$397,749$3,846,552
77$8,042,463$1,052,878$337,749$4,131,695
78$8,787,160$1,028,834$273,430$4,444,776
79$9,605,434$1,001,231$204,573$4,788,701
80$10,504,714$969,817$130,952$5,166,679
81$11,493,186$934,329$52,330$5,582,252
82$12,579,867$894,487$0$6,039,328
83$13,774,692$849,996$0$6,549,297
84$15,088,608$800,542$0$7,122,821
85$16,533,673$745,796$0$7,753,479
86$18,123,174$685,407$0$8,447,132
87$19,871,752$619,005$0$9,210,249
88$21,795,534$546,201$0$10,049,960
89$23,912,294$466,580$0$10,974,130
90$26,241,612$379,706$0$11,991,431
91$28,805,064$285,119$0$13,111,429
92$31,626,422$182,332$0$14,344,669
93$34,731,881$70,830$0$15,702,780
94$38,150,303$0$0$17,198,587
95$41,913,491$0$0$18,867,108
96$46,056,488$0$0$20,736,784
97$50,617,906$0$0$22,795,442
98$55,640,295$0$0$25,062,303
99$61,170,537$0$0$27,558,548
100$67,260,294$0$0$30,307,517