Can I retire at age 51 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$77,459$76,769$76,096$75,439$74,797$72,960
2 years$38,346$37,632$36,940$36,269$35,618$33,778
3 years$25,310$24,593$23,903$23,238$22,597$20,812
4 years$18,793$18,078$17,395$16,741$16,117$14,400
5 years$14,884$14,174$13,499$12,859$12,252$10,609
6 years$12,279$11,574$10,909$10,283$9,694$8,127
7 years$10,419$9,720$9,066$8,455$7,884$6,392
8 years$9,025$8,332$7,688$7,092$6,541$5,124
9 years$7,941$7,254$6,622$6,041$5,508$4,165
10 years$7,074$6,394$5,773$5,208$4,693$3,422
11 years$6,365$5,692$5,083$4,532$4,036$2,835
12 years$5,775$5,109$4,511$3,975$3,498$2,365
13 years$5,276$4,617$4,030$3,510$3,050$1,983
14 years$4,849$4,197$3,621$3,115$2,674$1,671
15 years$4,479$3,834$3,269$2,778$2,354$1,412
16 years$4,156$3,518$2,964$2,488$2,081$1,198
17 years$3,871$3,240$2,697$2,235$1,845$1,018
18 years$3,618$2,993$2,462$2,014$1,640$867
19 years$3,391$2,774$2,254$1,820$1,462$740
20 years$3,188$2,578$2,069$1,649$1,306$632
21 years$3,004$2,401$1,903$1,496$1,169$541
22 years$2,837$2,242$1,754$1,360$1,048$463
23 years$2,685$2,096$1,619$1,239$940$397
24 years$2,546$1,964$1,497$1,130$845$341
25 years$2,418$1,843$1,387$1,032$761$293
26 years$2,300$1,732$1,286$944$685$252
27 years$2,192$1,630$1,194$864$618$216
28 years$2,091$1,536$1,110$791$557$186
29 years$1,997$1,449$1,033$726$503$160
30 years$1,909$1,369$963$666$455$138
31 years$1,828$1,294$897$612$411$118
32 years$1,751$1,224$837$562$372$102
33 years$1,680$1,159$782$517$337$88
34 years$1,613$1,099$730$476$305$76
35 years$1,549$1,042$683$438$276$65
36 years$1,490$989$639$403$250$56
37 years$1,434$940$598$371$227$48
38 years$1,380$893$560$342$205$42
39 years$1,330$849$525$316$186$36
40 years$1,282$808$492$291$169$31
41 years$1,237$769$461$269$153$27
42 years$1,194$732$432$248$139$23
43 years$1,153$698$406$229$126$20
44 years$1,114$665$381$211$115$17
45 years$1,077$634$358$195$104$15
46 years$1,042$605$336$180$94$13
47 years$1,008$577$316$167$86$11
48 years$976$551$297$154$78$9
49 years$945$526$279$142$71$8
50 years$916$503$262$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $938,000, adding $2,363 every year, while hoping to spend $52,324 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: 29/45/26 Blend
50$938,000$938,000$938,000$938,000
51$1,036,113$986,399$971,860$1,057,753
52$1,086,125$979,061$948,745$1,067,566
53$1,139,483$969,609$923,102$1,073,372
54$1,196,476$957,885$894,791$1,078,553
55$1,257,415$943,720$863,666$1,083,090
56$1,322,646$926,937$829,573$1,086,969
57$1,392,545$907,346$792,353$1,090,178
58$1,467,526$884,747$751,838$1,092,710
59$1,548,043$858,929$707,854$1,094,562
60$1,634,594$829,666$660,217$1,095,740
61$1,727,725$796,723$608,737$1,096,254
62$1,828,037$759,846$553,214$1,096,124
63$1,936,190$718,772$493,440$1,095,381
64$2,052,907$673,218$429,196$1,094,064
65$2,178,986$622,887$360,256$1,092,226
66$2,315,300$567,466$286,382$1,089,935
67$2,462,810$506,622$207,326$1,087,276
68$2,622,575$440,005$122,829$1,084,350
69$2,795,755$367,242$32,621$1,081,281
70$2,983,628$287,943$0$1,078,217
71$3,187,599$201,694$0$1,092,991
72$3,409,214$108,057$0$1,118,954
73$3,650,173$6,571$0$1,147,374
74$3,912,347$0$0$1,178,617
75$4,197,792$0$0$1,264,225
76$4,508,774$0$0$1,361,174
77$4,847,785$0$0$1,467,003
78$5,217,566$0$0$1,582,587
79$5,621,138$0$0$1,708,888
80$6,061,823$0$0$1,846,965
81$6,543,278$0$0$1,997,985
82$7,069,530$0$0$2,163,231
83$7,645,014$0$0$2,344,119
84$8,274,611$0$0$2,542,205
85$8,963,696$0$0$2,759,203
86$9,718,186$0$0$2,997,003
87$10,544,601$0$0$3,257,683
88$11,450,118$0$0$3,543,535
89$12,442,642$0$0$3,857,082
90$13,530,878$0$0$4,201,101
91$14,724,416$0$0$4,578,654
92$16,033,816$0$0$4,993,113
93$17,470,712$0$0$5,448,190
94$19,047,916$0$0$5,947,978
95$20,779,544$0$0$6,496,981
96$22,681,143$0$0$7,100,167
97$24,769,841$0$0$7,763,002
98$27,064,506$0$0$8,491,513
99$29,585,923$0$0$9,292,338
100$32,356,991$0$0$10,172,790