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%18.9%
1 years$77,294$76,606$75,934$75,278$74,638$71,961
2 years$38,264$37,552$36,861$36,191$35,542$32,874
3 years$25,256$24,540$23,852$23,188$22,549$19,974
4 years$18,753$18,040$17,358$16,706$16,082$13,620
5 years$14,853$14,143$13,470$12,832$12,226$9,882
6 years$12,253$11,549$10,886$10,262$9,674$7,450
7 years$10,397$9,699$9,046$8,437$7,867$5,764
8 years$9,006$8,314$7,672$7,077$6,527$4,542
9 years$7,924$7,239$6,608$6,028$5,496$3,627
10 years$7,059$6,381$5,761$5,196$4,683$2,927
11 years$6,352$5,680$5,072$4,522$4,028$2,380
12 years$5,763$5,098$4,501$3,967$3,490$1,948
13 years$5,265$4,607$4,021$3,502$3,044$1,602
14 years$4,839$4,188$3,613$3,109$2,668$1,322
15 years$4,470$3,826$3,262$2,772$2,349$1,095
16 years$4,147$3,510$2,958$2,482$2,076$909
17 years$3,862$3,233$2,691$2,230$1,841$757
18 years$3,610$2,987$2,457$2,010$1,637$631
19 years$3,384$2,768$2,249$1,816$1,459$527
20 years$3,181$2,573$2,064$1,645$1,303$440
21 years$2,998$2,396$1,899$1,493$1,166$368
22 years$2,831$2,237$1,750$1,357$1,045$309
23 years$2,680$2,092$1,616$1,236$938$259
24 years$2,541$1,960$1,494$1,128$843$217
25 years$2,413$1,839$1,384$1,030$759$182
26 years$2,296$1,729$1,284$942$684$153
27 years$2,187$1,627$1,192$862$616$128
28 years$2,086$1,533$1,108$790$556$108
29 years$1,993$1,446$1,031$724$502$90
30 years$1,905$1,366$960$665$454$76
31 years$1,824$1,291$895$610$410$64
32 years$1,748$1,222$835$561$371$54
33 years$1,676$1,157$780$516$336$45
34 years$1,609$1,097$729$475$304$38
35 years$1,546$1,040$681$437$275$32
36 years$1,487$987$637$402$250$27
37 years$1,430$938$597$371$226$23
38 years$1,377$891$559$342$205$19
39 years$1,327$847$523$315$186$16
40 years$1,280$806$491$291$169$13
41 years$1,235$767$460$268$153$11
42 years$1,192$731$432$247$139$9
43 years$1,151$696$405$228$126$8
44 years$1,112$664$380$211$114$7
45 years$1,075$633$357$195$104$6
46 years$1,040$604$335$180$94$5
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $936,000, adding $3,284 every year, while hoping to spend $22,573 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: 65/20/15 Blend
50$936,000$936,000$936,000$936,000
51$1,034,859$985,251$970,743$1,098,190
52$1,116,398$1,009,511$979,246$1,165,227
53$1,205,496$1,034,203$987,277$1,235,535
54$1,302,902$1,059,325$994,796$1,311,807
55$1,409,439$1,084,872$1,001,762$1,394,624
56$1,526,012$1,110,841$1,008,131$1,484,628
57$1,653,619$1,137,226$1,013,858$1,582,526
58$1,793,359$1,164,021$1,018,892$1,689,095
59$1,946,440$1,191,217$1,023,184$1,805,192
60$2,114,196$1,218,806$1,026,680$1,931,762
61$2,298,094$1,246,777$1,029,323$2,069,845
62$2,499,748$1,275,118$1,031,055$2,220,586
63$2,720,941$1,303,816$1,031,813$2,385,248
64$2,963,630$1,332,857$1,031,532$2,565,222
65$3,229,976$1,362,223$1,030,144$2,762,040
66$3,522,357$1,391,895$1,027,578$2,977,392
67$3,843,394$1,421,854$1,023,758$3,213,138
68$4,195,971$1,452,076$1,018,604$3,471,329
69$4,583,268$1,482,536$1,012,036$3,754,223
70$5,008,788$1,513,207$1,003,966$4,064,311
71$5,476,389$1,544,059$994,303$4,404,335
72$5,990,321$1,575,058$982,953$4,777,320
73$6,555,268$1,606,170$969,816$5,186,596
74$7,176,388$1,637,355$954,787$5,635,835
75$7,859,366$1,668,571$937,759$6,129,082
76$8,610,463$1,699,773$918,616$6,670,797
77$9,436,580$1,730,912$897,239$7,265,893
78$10,345,318$1,761,933$873,503$7,919,784
79$11,345,052$1,792,780$847,278$8,638,437
80$12,445,012$1,823,391$818,426$9,428,429
81$13,655,365$1,853,699$786,805$10,297,008
82$14,987,314$1,883,631$752,265$11,252,159
83$16,453,203$1,913,113$714,649$12,302,685
84$18,066,635$1,942,060$673,794$13,458,286
85$19,842,595$1,970,385$629,530$14,729,653
86$21,797,598$1,997,992$581,678$16,128,566
87$23,949,840$2,024,780$530,051$17,668,010
88$26,319,370$2,050,641$474,454$19,362,293
89$28,928,282$2,075,459$414,684$21,227,184
90$31,800,920$2,099,109$350,529$23,280,064
91$34,964,107$2,121,459$281,765$25,540,084
92$38,447,405$2,142,369$208,163$28,028,352
93$42,283,382$2,161,687$129,479$30,768,130
94$46,507,931$2,179,254$45,460$33,785,054
95$51,160,601$2,194,898$0$37,107,377
96$56,284,972$2,208,438$0$40,773,309
97$61,929,068$2,219,680$0$44,818,314
98$68,145,807$2,228,419$0$49,272,972
99$74,993,503$2,234,435$0$54,179,006
100$82,536,414$2,237,495$0$59,582,395