Can I retire at age 51 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$77,377$76,687$76,015$75,359$74,718$73,389
2 years$38,305$37,592$36,900$36,230$35,580$34,246
3 years$25,283$24,567$23,877$23,213$22,573$21,276
4 years$18,773$18,059$17,376$16,724$16,099$14,848
5 years$14,869$14,159$13,485$12,845$12,239$11,037
6 years$12,266$11,562$10,898$10,273$9,684$8,533
7 years$10,408$9,709$9,056$8,446$7,876$6,776
8 years$9,015$8,323$7,680$7,085$6,534$5,485
9 years$7,932$7,246$6,615$6,035$5,502$4,505
10 years$7,067$6,387$5,767$5,202$4,688$3,740
11 years$6,359$5,686$5,077$4,527$4,032$3,133
12 years$5,769$5,104$4,506$3,971$3,494$2,642
13 years$5,271$4,612$4,026$3,506$3,047$2,241
14 years$4,844$4,192$3,617$3,112$2,671$1,910
15 years$4,474$3,830$3,266$2,775$2,352$1,633
16 years$4,151$3,514$2,961$2,485$2,078$1,402
17 years$3,866$3,236$2,694$2,233$1,843$1,206
18 years$3,614$2,990$2,460$2,012$1,639$1,040
19 years$3,388$2,771$2,252$1,818$1,460$899
20 years$3,185$2,575$2,066$1,647$1,305$778
21 years$3,001$2,399$1,901$1,495$1,167$675
22 years$2,834$2,239$1,752$1,359$1,046$586
23 years$2,682$2,094$1,617$1,238$939$509
24 years$2,543$1,962$1,496$1,129$844$442
25 years$2,416$1,841$1,386$1,031$760$385
26 years$2,298$1,731$1,285$943$684$335
27 years$2,189$1,629$1,193$863$617$292
28 years$2,088$1,535$1,109$790$557$255
29 years$1,995$1,448$1,032$725$503$222
30 years$1,907$1,367$962$665$454$194
31 years$1,826$1,293$896$611$411$169
32 years$1,750$1,223$836$561$371$148
33 years$1,678$1,158$781$516$336$129
34 years$1,611$1,098$730$475$304$113
35 years$1,548$1,041$682$437$276$98
36 years$1,488$988$638$403$250$86
37 years$1,432$939$597$371$226$75
38 years$1,379$892$559$342$205$66
39 years$1,329$848$524$315$186$57
40 years$1,281$807$491$291$169$50
41 years$1,236$768$461$268$153$44
42 years$1,193$732$432$248$139$38
43 years$1,152$697$405$229$126$34
44 years$1,113$664$381$211$114$29
45 years$1,076$634$357$195$104$26
46 years$1,041$604$336$180$94$22
47 years$1,007$577$315$166$86$20
48 years$975$551$296$154$78$17
49 years$944$526$278$142$71$15
50 years$915$502$262$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $937,000, adding $2,479 every year, while hoping to spend $47,929 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: 57/33/10 Blend
50$937,000$937,000$937,000$937,000
51$1,035,131$985,470$970,947$1,091,496
52$1,089,718$982,762$952,477$1,127,097
53$1,148,267$978,315$931,783$1,160,321
54$1,211,131$971,993$908,738$1,195,366
55$1,278,698$963,652$883,212$1,232,415
56$1,351,393$953,139$855,068$1,271,667
57$1,429,685$940,293$824,163$1,313,346
58$1,514,087$924,941$790,346$1,357,698
59$1,605,163$906,902$753,462$1,405,000
60$1,703,533$885,984$713,346$1,455,558
61$1,809,878$861,982$669,828$1,509,711
62$1,924,946$834,680$622,728$1,567,836
63$2,049,561$803,849$571,860$1,630,352
64$2,184,627$769,249$517,028$1,697,723
65$2,331,140$730,622$458,028$1,770,466
66$2,490,192$687,699$394,649$1,849,151
67$2,662,988$640,193$326,666$1,934,412
68$2,850,851$587,801$253,847$2,026,953
69$3,055,238$530,203$175,951$2,127,552
70$3,277,751$467,061$92,724$2,237,073
71$3,520,152$398,018$3,901$2,356,473
72$3,784,383$322,696$0$2,486,811
73$4,072,579$240,697$0$2,638,959
74$4,387,089$151,598$0$2,805,593
75$4,730,501$54,956$0$2,987,767
76$5,105,663$0$0$3,187,109
77$5,515,710$0$0$3,423,462
78$5,964,094$0$0$3,703,813
79$6,454,615$0$0$4,010,591
80$6,991,458$0$0$4,346,423
81$7,579,231$0$0$4,714,203
82$8,223,008$0$0$5,117,117
83$8,928,377$0$0$5,558,673
84$9,701,492$0$0$6,042,735
85$10,549,132$0$0$6,573,560
86$11,478,760$0$0$7,155,835
87$12,498,600$0$0$7,794,722
88$13,617,707$0$0$8,495,909
89$14,846,056$0$0$9,265,660
90$16,194,637$0$0$10,110,875
91$17,675,552$0$0$11,039,157
92$19,302,137$0$0$12,058,877
93$21,089,079$0$0$13,179,261
94$23,052,560$0$0$14,410,472
95$25,210,406$0$0$15,763,704
96$27,582,257$0$0$17,251,292
97$30,189,749$0$0$18,886,824
98$33,056,720$0$0$20,685,271
99$36,209,431$0$0$22,663,127
100$39,676,818$0$0$24,838,566