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%14.6%
1 years$77,294$76,606$75,934$75,278$74,638$73,221
2 years$38,264$37,552$36,861$36,191$35,542$34,120
3 years$25,256$24,540$23,852$23,188$22,549$21,166
4 years$18,753$18,040$17,358$16,706$16,082$14,749
5 years$14,853$14,143$13,470$12,832$12,226$10,946
6 years$12,253$11,549$10,886$10,262$9,674$8,449
7 years$10,397$9,699$9,046$8,437$7,867$6,698
8 years$9,006$8,314$7,672$7,077$6,527$5,413
9 years$7,924$7,239$6,608$6,028$5,496$4,437
10 years$7,059$6,381$5,761$5,196$4,683$3,677
11 years$6,352$5,680$5,072$4,522$4,028$3,074
12 years$5,763$5,098$4,501$3,967$3,490$2,588
13 years$5,265$4,607$4,021$3,502$3,044$2,190
14 years$4,839$4,188$3,613$3,109$2,668$1,863
15 years$4,470$3,826$3,262$2,772$2,349$1,590
16 years$4,147$3,510$2,958$2,482$2,076$1,362
17 years$3,862$3,233$2,691$2,230$1,841$1,169
18 years$3,610$2,987$2,457$2,010$1,637$1,006
19 years$3,384$2,768$2,249$1,816$1,459$868
20 years$3,181$2,573$2,064$1,645$1,303$749
21 years$2,998$2,396$1,899$1,493$1,166$648
22 years$2,831$2,237$1,750$1,357$1,045$561
23 years$2,680$2,092$1,616$1,236$938$486
24 years$2,541$1,960$1,494$1,128$843$422
25 years$2,413$1,839$1,384$1,030$759$366
26 years$2,296$1,729$1,284$942$684$318
27 years$2,187$1,627$1,192$862$616$277
28 years$2,086$1,533$1,108$790$556$241
29 years$1,993$1,446$1,031$724$502$209
30 years$1,905$1,366$960$665$454$182
31 years$1,824$1,291$895$610$410$159
32 years$1,748$1,222$835$561$371$138
33 years$1,676$1,157$780$516$336$120
34 years$1,609$1,097$729$475$304$105
35 years$1,546$1,040$681$437$275$91
36 years$1,487$987$637$402$250$80
37 years$1,430$938$597$371$226$69
38 years$1,377$891$559$342$205$61
39 years$1,327$847$523$315$186$53
40 years$1,280$806$491$291$169$46
41 years$1,235$767$460$268$153$40
42 years$1,192$731$432$247$139$35
43 years$1,151$696$405$228$126$31
44 years$1,112$664$380$211$114$27
45 years$1,075$633$357$195$104$23
46 years$1,040$604$335$180$94$20
47 years$1,006$576$315$166$86$18
48 years$974$550$296$154$78$15
49 years$943$525$278$142$71$13
50 years$914$502$262$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $936,000, adding $5,063 every year, while hoping to spend $49,662 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: 57/24/19 Blend
50$936,000$936,000$936,000$936,000
51$1,036,694$987,086$972,578$1,090,280
52$1,089,597$982,614$952,320$1,122,835
53$1,146,232$976,257$929,718$1,152,498
54$1,206,926$967,873$904,642$1,183,718
55$1,272,040$957,306$876,956$1,216,657
56$1,341,969$944,395$846,515$1,251,493
57$1,417,147$928,967$813,169$1,288,427
58$1,498,049$910,839$776,764$1,327,681
59$1,585,198$889,819$737,133$1,369,501
60$1,679,168$865,700$694,107$1,414,164
61$1,780,590$838,266$647,507$1,461,977
62$1,890,157$807,288$597,145$1,513,279
63$2,008,630$772,521$542,826$1,568,451
64$2,136,846$733,711$484,346$1,627,913
65$2,275,725$690,583$421,493$1,692,132
66$2,426,278$642,852$354,042$1,761,629
67$2,589,619$590,211$281,763$1,836,980
68$2,766,970$532,342$204,412$1,918,825
69$2,959,677$468,902$121,736$2,007,874
70$3,169,220$399,535$33,470$2,104,915
71$3,397,227$323,859$0$2,210,822
72$3,645,491$241,475$0$2,338,872
73$3,915,983$151,959$0$2,485,871
74$4,210,872$54,864$0$2,646,275
75$4,532,548$0$0$2,821,465
76$4,883,637$0$0$3,026,245
77$5,267,033$0$0$3,265,769
78$5,685,922$0$0$3,527,546
79$6,143,810$0$0$3,813,777
80$6,644,557$0$0$4,126,887
81$7,192,413$0$0$4,469,542
82$7,792,059$0$0$4,844,682
83$8,448,649$0$0$5,255,543
84$9,167,858$0$0$5,705,688
85$9,955,935$0$0$6,199,041
86$10,819,765$0$0$6,739,925
87$11,766,927$0$0$7,333,099
88$12,805,772$0$0$7,983,806
89$13,945,495$0$0$8,697,821
90$15,196,226$0$0$9,481,506
91$16,569,123$0$0$10,341,866
92$18,076,476$0$0$11,286,620
93$19,731,825$0$0$12,324,271
94$21,550,082$0$0$13,464,184
95$23,547,679$0$0$14,716,677
96$25,742,715$0$0$16,093,118
97$28,155,129$0$0$17,606,029
98$30,806,889$0$0$19,269,206
99$33,722,196$0$0$21,097,850
100$36,927,715$0$0$23,108,705