Can I retire at age 51 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$77,542$76,851$76,177$75,519$74,877$72,772
2 years$38,387$37,672$36,979$36,307$35,656$33,551
3 years$25,337$24,619$23,928$23,263$22,622$20,583
4 years$18,813$18,098$17,413$16,759$16,134$14,177
5 years$14,900$14,189$13,514$12,873$12,265$10,395
6 years$12,292$11,586$10,921$10,294$9,705$7,924
7 years$10,430$9,730$9,075$8,464$7,892$6,201
8 years$9,034$8,340$7,697$7,100$6,548$4,944
9 years$7,949$7,262$6,629$6,048$5,514$3,997
10 years$7,082$6,401$5,779$5,213$4,698$3,266
11 years$6,372$5,698$5,088$4,537$4,041$2,690
12 years$5,781$5,115$4,516$3,979$3,502$2,231
13 years$5,282$4,622$4,034$3,513$3,053$1,860
14 years$4,854$4,201$3,625$3,119$2,677$1,557
15 years$4,484$3,838$3,273$2,781$2,357$1,308
16 years$4,160$3,521$2,967$2,490$2,083$1,102
17 years$3,875$3,243$2,700$2,238$1,847$930
18 years$3,621$2,997$2,465$2,017$1,642$787
19 years$3,395$2,777$2,256$1,822$1,464$667
20 years$3,191$2,581$2,071$1,650$1,307$566
21 years$3,007$2,404$1,905$1,498$1,170$481
22 years$2,840$2,244$1,756$1,362$1,049$409
23 years$2,688$2,099$1,621$1,240$941$349
24 years$2,549$1,966$1,499$1,131$846$297
25 years$2,421$1,845$1,388$1,033$761$253
26 years$2,303$1,734$1,288$945$686$216
27 years$2,194$1,632$1,196$865$618$184
28 years$2,093$1,538$1,112$792$558$157
29 years$1,999$1,451$1,034$726$504$134
30 years$1,911$1,370$964$667$455$115
31 years$1,830$1,295$898$612$412$98
32 years$1,753$1,226$838$563$372$84
33 years$1,682$1,161$783$517$337$72
34 years$1,614$1,100$731$476$305$61
35 years$1,551$1,043$684$438$276$52
36 years$1,491$990$639$404$250$45
37 years$1,435$941$599$372$227$38
38 years$1,382$894$561$343$206$33
39 years$1,331$850$525$316$187$28
40 years$1,284$809$492$292$169$24
41 years$1,238$770$462$269$153$20
42 years$1,195$733$433$248$139$17
43 years$1,155$699$406$229$126$15
44 years$1,116$666$381$212$115$13
45 years$1,079$635$358$195$104$11
46 years$1,043$606$336$180$95$9
47 years$1,009$578$316$167$86$8
48 years$977$552$297$154$78$7
49 years$946$527$279$142$71$6
50 years$917$503$262$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $939,000, adding $3,117 every year, while hoping to spend $39,937 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: 42/47/11 Blend
50$939,000$939,000$939,000$939,000
51$1,037,993$988,226$973,672$1,078,118
52$1,101,376$994,157$963,797$1,112,435
53$1,169,885$999,039$952,253$1,145,331
54$1,244,001$1,002,780$938,942$1,180,063
55$1,324,254$1,005,280$923,760$1,216,812
56$1,411,222$1,006,434$906,601$1,255,785
57$1,505,547$1,006,129$887,352$1,297,209
58$1,607,929$1,004,246$865,895$1,341,336
59$1,719,142$1,000,658$842,106$1,388,449
60$1,840,036$995,232$815,858$1,438,860
61$1,971,545$987,824$787,015$1,492,916
62$2,114,699$978,283$755,437$1,551,002
63$2,270,629$966,450$720,975$1,613,548
64$2,440,582$952,155$683,476$1,681,029
65$2,625,928$935,217$642,779$1,753,972
66$2,828,175$915,445$598,715$1,832,962
67$3,048,986$892,639$551,109$1,918,650
68$3,290,188$866,584$499,776$2,011,754
69$3,553,794$837,053$444,526$2,113,074
70$3,842,020$803,808$385,156$2,223,494
71$4,157,306$766,595$321,459$2,343,995
72$4,502,339$725,145$253,215$2,475,663
73$4,880,075$679,175$180,196$2,619,702
74$5,293,774$628,385$102,163$2,777,445
75$5,747,021$572,459$18,868$2,950,367
76$6,243,768$511,060$0$3,140,103
77$6,788,366$443,836$0$3,356,680
78$7,385,606$370,411$0$3,596,778
79$8,040,767$290,390$0$3,860,427
80$8,759,662$203,355$0$4,150,114
81$9,548,694$108,867$0$4,468,583
82$10,414,918$6,458$0$4,818,870
83$11,366,102$0$0$5,204,328
84$12,410,806$0$0$5,682,639
85$13,558,459$0$0$6,211,878
86$14,819,448$0$0$6,793,514
87$16,205,215$0$0$7,432,838
88$17,728,368$0$0$8,135,685
89$19,402,794$0$0$8,908,481
90$21,243,794$0$0$9,758,304
91$23,268,227$0$0$10,692,956
92$25,494,665$0$0$11,721,031
93$27,943,572$0$0$12,851,997
94$30,637,494$0$0$14,096,288
95$33,601,272$0$0$15,465,397
96$36,862,276$0$0$16,971,992
97$40,450,663$0$0$18,630,027
98$44,399,661$0$0$20,454,878
99$48,745,882$0$0$22,463,489
100$53,529,668$0$0$24,674,527