Can I retire at age 51 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$75,973$75,296$74,636$73,991$73,362$72,566
2 years$37,610$36,910$36,231$35,573$34,934$34,133
3 years$24,824$24,121$23,444$22,792$22,164$21,381
4 years$18,433$17,731$17,061$16,420$15,807$15,050
5 years$14,599$13,902$13,240$12,612$12,017$11,287
6 years$12,044$11,352$10,700$10,086$9,508$8,808
7 years$10,219$9,533$8,892$8,292$7,733$7,061
8 years$8,852$8,172$7,541$6,956$6,415$5,772
9 years$7,788$7,115$6,495$5,925$5,402$4,788
10 years$6,938$6,271$5,662$5,108$4,603$4,017
11 years$6,243$5,583$4,985$4,445$3,959$3,400
12 years$5,664$5,011$4,424$3,899$3,431$2,899
13 years$5,175$4,529$3,953$3,442$2,992$2,486
14 years$4,756$4,116$3,552$3,056$2,622$2,143
15 years$4,393$3,760$3,207$2,725$2,309$1,855
16 years$4,076$3,450$2,907$2,440$2,041$1,610
17 years$3,796$3,177$2,645$2,192$1,809$1,403
18 years$3,548$2,936$2,415$1,976$1,609$1,225
19 years$3,326$2,721$2,211$1,785$1,434$1,072
20 years$3,127$2,529$2,029$1,617$1,281$939
21 years$2,947$2,355$1,866$1,467$1,146$825
22 years$2,783$2,199$1,720$1,334$1,027$725
23 years$2,634$2,056$1,588$1,215$922$638
24 years$2,497$1,927$1,469$1,108$829$562
25 years$2,372$1,808$1,360$1,012$746$496
26 years$2,256$1,699$1,262$925$672$438
27 years$2,150$1,599$1,172$847$606$387
28 years$2,050$1,507$1,089$776$547$342
29 years$1,958$1,422$1,014$712$494$302
30 years$1,873$1,343$944$653$446$268
31 years$1,793$1,269$880$600$403$237
32 years$1,718$1,201$821$551$365$210
33 years$1,648$1,137$767$507$330$186
34 years$1,582$1,078$716$466$299$165
35 years$1,520$1,022$670$429$271$146
36 years$1,461$970$627$395$245$129
37 years$1,406$922$586$364$222$115
38 years$1,354$876$549$336$202$102
39 years$1,305$833$515$310$183$90
40 years$1,258$792$482$286$166$80
41 years$1,213$754$452$264$150$71
42 years$1,171$718$424$243$136$63
43 years$1,131$684$398$224$124$56
44 years$1,093$652$374$207$112$50
45 years$1,057$622$351$191$102$44
46 years$1,022$593$330$177$93$39
47 years$989$566$310$163$84$35
48 years$957$541$291$151$76$31
49 years$927$516$273$140$69$27
50 years$898$493$257$129$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $920,000, adding $3,065 every year, while hoping to spend $48,988 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: 48/47/5 Blend
50$920,000$920,000$920,000$920,000
51$1,017,002$968,242$953,982$1,064,389
52$1,068,613$963,563$933,817$1,092,413
53$1,123,847$957,012$911,335$1,117,360
54$1,183,021$948,448$886,407$1,143,274
55$1,246,484$937,716$858,896$1,170,260
56$1,314,618$924,657$828,662$1,198,432
57$1,387,843$909,100$795,556$1,227,921
58$1,466,619$890,862$759,424$1,258,873
59$1,551,454$869,754$720,104$1,291,454
60$1,642,901$845,571$677,426$1,325,848
61$1,741,572$818,098$631,215$1,362,263
62$1,848,137$787,110$581,285$1,400,933
63$1,963,332$752,364$527,444$1,442,118
64$2,087,968$713,606$469,489$1,486,112
65$2,222,935$670,566$407,211$1,533,242
66$2,369,211$622,961$340,389$1,583,873
67$2,527,873$570,488$268,795$1,638,415
68$2,700,104$512,830$192,187$1,697,325
69$2,887,205$449,649$110,316$1,761,112
70$3,090,609$380,591$22,921$1,830,346
71$3,311,891$305,280$0$1,905,661
72$3,552,784$223,319$0$1,991,515
73$3,815,196$134,289$0$2,086,493
74$4,101,224$37,747$0$2,190,261
75$4,413,178$0$0$2,303,812
76$4,753,601$0$0$2,462,782
77$5,125,291$0$0$2,657,763
78$5,531,329$0$0$2,870,861
79$5,975,105$0$0$3,103,869
80$6,460,352$0$0$3,358,759
81$6,991,183$0$0$3,637,704
82$7,572,122$0$0$3,943,096
83$8,208,154$0$0$4,277,571
84$8,904,766$0$0$4,644,028
85$9,668,004$0$0$5,045,664
86$10,504,523$0$0$5,485,997
87$11,421,654$0$0$5,968,902
88$12,427,471$0$0$6,498,649
89$13,530,867$0$0$7,079,940
90$14,741,637$0$0$7,717,952
91$16,070,569$0$0$8,418,391
92$17,529,550$0$0$9,187,541
93$19,131,669$0$0$10,032,324
94$20,891,349$0$0$10,960,366
95$22,824,476$0$0$11,980,068
96$24,948,552$0$0$13,100,684
97$27,282,857$0$0$14,332,411
98$29,848,632$0$0$15,686,481
99$32,669,278$0$0$17,175,269
100$35,770,577$0$0$18,812,409