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%17.9%
1 years$77,542$76,851$76,177$75,519$74,877$72,480
2 years$38,387$37,672$36,979$36,307$35,656$33,263
3 years$25,337$24,619$23,928$23,263$22,622$20,308
4 years$18,813$18,098$17,413$16,759$16,134$13,917
5 years$14,900$14,189$13,514$12,873$12,265$10,151
6 years$12,292$11,586$10,921$10,294$9,705$7,696
7 years$10,430$9,730$9,075$8,464$7,892$5,988
8 years$9,034$8,340$7,697$7,100$6,548$4,746
9 years$7,949$7,262$6,629$6,048$5,514$3,814
10 years$7,082$6,401$5,779$5,213$4,698$3,097
11 years$6,372$5,698$5,088$4,537$4,041$2,535
12 years$5,781$5,115$4,516$3,979$3,502$2,088
13 years$5,282$4,622$4,034$3,513$3,053$1,729
14 years$4,854$4,201$3,625$3,119$2,677$1,437
15 years$4,484$3,838$3,273$2,781$2,357$1,199
16 years$4,160$3,521$2,967$2,490$2,083$1,003
17 years$3,875$3,243$2,700$2,238$1,847$841
18 years$3,621$2,997$2,465$2,017$1,642$706
19 years$3,395$2,777$2,256$1,822$1,464$594
20 years$3,191$2,581$2,071$1,650$1,307$500
21 years$3,007$2,404$1,905$1,498$1,170$422
22 years$2,840$2,244$1,756$1,362$1,049$356
23 years$2,688$2,099$1,621$1,240$941$301
24 years$2,549$1,966$1,499$1,131$846$254
25 years$2,421$1,845$1,388$1,033$761$215
26 years$2,303$1,734$1,288$945$686$182
27 years$2,194$1,632$1,196$865$618$154
28 years$2,093$1,538$1,112$792$558$130
29 years$1,999$1,451$1,034$726$504$110
30 years$1,911$1,370$964$667$455$93
31 years$1,830$1,295$898$612$412$79
32 years$1,753$1,226$838$563$372$67
33 years$1,682$1,161$783$517$337$57
34 years$1,614$1,100$731$476$305$48
35 years$1,551$1,043$684$438$276$41
36 years$1,491$990$639$404$250$35
37 years$1,435$941$599$372$227$29
38 years$1,382$894$561$343$206$25
39 years$1,331$850$525$316$187$21
40 years$1,284$809$492$292$169$18
41 years$1,238$770$462$269$153$15
42 years$1,195$733$433$248$139$13
43 years$1,155$699$406$229$126$11
44 years$1,116$666$381$212$115$9
45 years$1,079$635$358$195$104$8
46 years$1,043$606$336$180$95$7
47 years$1,009$578$316$167$86$6
48 years$977$552$297$154$78$5
49 years$946$527$279$142$71$4
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $939,000, adding $4,939 every year, while hoping to spend $50,649 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: 41/47/12 Blend
50$939,000$939,000$939,000$939,000
51$1,039,873$990,106$975,551$1,078,624
52$1,092,049$984,731$954,342$1,100,980
53$1,147,851$977,395$930,725$1,119,764
54$1,207,593$967,948$904,565$1,138,975
55$1,271,622$956,233$875,723$1,158,677
56$1,340,320$942,080$844,052$1,178,938
57$1,414,103$925,313$809,398$1,199,842
58$1,493,430$905,741$771,601$1,221,483
59$1,578,803$883,166$730,493$1,243,969
60$1,670,775$857,375$685,899$1,267,423
61$1,769,952$828,145$637,635$1,291,986
62$1,877,002$795,239$585,510$1,317,819
63$1,992,656$758,405$529,324$1,345,105
64$2,117,719$717,379$468,869$1,374,051
65$2,253,075$671,879$403,925$1,404,890
66$2,399,697$621,610$334,265$1,437,889
67$2,558,655$566,257$259,651$1,473,345
68$2,731,122$505,489$179,834$1,511,596
69$2,918,394$438,954$94,555$1,553,021
70$3,121,890$366,284$3,544$1,598,047
71$3,343,177$287,086$0$1,647,153
72$3,583,975$200,947$0$1,712,858
73$3,846,178$107,431$0$1,785,046
74$4,131,870$6,076$0$1,863,977
75$4,443,344$0$0$1,950,447
76$4,783,124$0$0$2,098,925
77$5,153,988$0$0$2,264,530
78$5,558,994$0$0$2,445,499
79$6,001,508$0$0$2,643,352
80$6,485,238$0$0$2,859,760
81$7,014,262$0$0$3,096,567
82$7,593,074$0$0$3,355,798
83$8,226,621$0$0$3,639,688
84$8,920,350$0$0$3,950,694
85$9,680,259$0$0$4,291,526
86$10,512,955$0$0$4,665,165
87$11,425,713$0$0$5,074,896
88$12,426,547$0$0$5,524,338
89$13,524,281$0$0$6,017,474
90$14,728,635$0$0$6,558,694
91$16,050,318$0$0$7,152,832
92$17,501,122$0$0$7,805,216
93$19,094,039$0$0$8,521,710
94$20,843,379$0$0$9,308,778
95$22,764,907$0$0$10,173,539
96$24,875,990$0$0$11,123,837
97$27,195,758$0$0$12,168,313
98$29,745,288$0$0$13,316,484
99$32,547,801$0$0$14,578,840
100$35,628,878$0$0$15,966,935