Can I retire at age 51 with 939,000?

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 $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%
1 years$77,542$76,851$76,177$75,519$74,877$73,037
2 years$38,387$37,672$36,979$36,307$35,656$33,814
3 years$25,337$24,619$23,928$23,263$22,622$20,834
4 years$18,813$18,098$17,413$16,759$16,134$14,416
5 years$14,900$14,189$13,514$12,873$12,265$10,620
6 years$12,292$11,586$10,921$10,294$9,705$8,136
7 years$10,430$9,730$9,075$8,464$7,892$6,399
8 years$9,034$8,340$7,697$7,100$6,548$5,129
9 years$7,949$7,262$6,629$6,048$5,514$4,169
10 years$7,082$6,401$5,779$5,213$4,698$3,426
11 years$6,372$5,698$5,088$4,537$4,041$2,838
12 years$5,781$5,115$4,516$3,979$3,502$2,367
13 years$5,282$4,622$4,034$3,513$3,053$1,985
14 years$4,854$4,201$3,625$3,119$2,677$1,672
15 years$4,484$3,838$3,273$2,781$2,357$1,414
16 years$4,160$3,521$2,967$2,490$2,083$1,199
17 years$3,875$3,243$2,700$2,238$1,847$1,019
18 years$3,621$2,997$2,465$2,017$1,642$868
19 years$3,395$2,777$2,256$1,822$1,464$741
20 years$3,191$2,581$2,071$1,650$1,307$633
21 years$3,007$2,404$1,905$1,498$1,170$542
22 years$2,840$2,244$1,756$1,362$1,049$464
23 years$2,688$2,099$1,621$1,240$941$398
24 years$2,549$1,966$1,499$1,131$846$341
25 years$2,421$1,845$1,388$1,033$761$293
26 years$2,303$1,734$1,288$945$686$252
27 years$2,194$1,632$1,196$865$618$216
28 years$2,093$1,538$1,112$792$558$186
29 years$1,999$1,451$1,034$726$504$160
30 years$1,911$1,370$964$667$455$138
31 years$1,830$1,295$898$612$412$119
32 years$1,753$1,226$838$563$372$102
33 years$1,682$1,161$783$517$337$88
34 years$1,614$1,100$731$476$305$76
35 years$1,551$1,043$684$438$276$65
36 years$1,491$990$639$404$250$56
37 years$1,435$941$599$372$227$48
38 years$1,382$894$561$343$206$42
39 years$1,331$850$525$316$187$36
40 years$1,284$809$492$292$169$31
41 years$1,238$770$462$269$153$27
42 years$1,195$733$433$248$139$23
43 years$1,155$699$406$229$126$20
44 years$1,116$666$381$212$115$17
45 years$1,079$635$358$195$104$15
46 years$1,043$606$336$180$95$13
47 years$1,009$578$316$167$86$11
48 years$977$552$297$154$78$9
49 years$946$527$279$142$71$8
50 years$917$503$262$132$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $939,000, adding $4,566 every year, while hoping to spend $29,501 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: 64/11/25 Blend
50$939,000$939,000$939,000$939,000
51$1,039,488$989,721$975,166$1,098,920
52$1,114,127$1,006,828$976,446$1,156,719
53$1,195,390$1,023,785$976,779$1,216,154
54$1,283,922$1,040,553$976,104$1,280,435
55$1,380,433$1,057,091$974,353$1,350,041
56$1,485,703$1,073,354$971,460$1,425,500
57$1,600,590$1,089,294$967,350$1,507,394
58$1,726,042$1,104,861$961,947$1,596,364
59$1,863,098$1,119,999$955,173$1,693,118
60$2,012,906$1,134,651$946,943$1,798,436
61$2,176,728$1,148,754$937,170$1,913,179
62$2,355,952$1,162,241$925,763$2,038,294
63$2,552,108$1,175,040$912,626$2,174,828
64$2,766,882$1,187,075$897,657$2,323,935
65$3,002,128$1,198,266$880,753$2,486,886
66$3,259,889$1,208,526$861,803$2,665,085
67$3,542,416$1,217,761$840,691$2,860,077
68$3,852,186$1,225,875$817,298$3,073,568
69$4,191,928$1,232,763$791,497$3,307,438
70$4,564,649$1,238,312$763,156$3,563,761
71$4,973,660$1,242,406$732,138$3,844,823
72$5,422,607$1,244,918$698,299$4,153,144
73$5,915,508$1,245,714$661,487$4,491,503
74$6,456,789$1,244,654$621,546$4,862,966
75$7,051,325$1,241,584$578,311$5,270,909
76$7,704,485$1,236,347$531,609$5,719,059
77$8,422,186$1,228,772$481,262$6,211,521
78$9,210,946$1,218,678$427,081$6,752,823
79$10,077,944$1,205,876$368,870$7,347,958
80$11,031,093$1,190,162$306,426$8,002,427
81$12,079,106$1,171,321$239,532$8,722,299
82$13,231,586$1,149,127$167,968$9,514,260
83$14,499,112$1,123,339$91,499$10,385,686
84$15,893,339$1,093,700$9,882$11,344,703
85$17,427,110$1,059,942$0$12,400,274
86$19,114,575$1,021,778$0$13,582,872
87$20,971,322$978,906$0$14,886,943
88$23,014,530$931,006$0$16,321,925
89$25,263,126$877,739$0$17,901,127
90$27,737,964$818,747$0$19,639,214
91$30,462,021$753,651$0$21,552,350
92$33,460,619$682,051$0$23,658,345
93$36,761,655$603,525$0$25,976,825
94$40,395,870$517,624$0$28,529,420
95$44,397,137$423,876$0$31,339,964
96$48,802,782$321,783$0$34,434,724
97$53,653,933$210,817$0$37,842,645
98$58,995,909$90,422$0$41,595,625
99$64,878,648$0$0$45,728,817
100$71,357,179$0$0$50,285,799