Can I retire at age 51 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$76,138$75,460$74,798$74,152$73,522$72,875
2 years$37,692$36,990$36,310$35,650$35,010$34,359
3 years$24,878$24,173$23,495$22,841$22,212$21,576
4 years$18,473$17,770$17,098$16,456$15,842$15,226
5 years$14,631$13,932$13,269$12,640$12,043$11,448
6 years$12,070$11,376$10,723$10,108$9,529$8,957
7 years$10,241$9,554$8,911$8,310$7,750$7,201
8 years$8,871$8,189$7,557$6,971$6,429$5,903
9 years$7,805$7,130$6,509$5,938$5,414$4,911
10 years$6,953$6,285$5,675$5,119$4,613$4,133
11 years$6,257$5,595$4,996$4,455$3,967$3,509
12 years$5,677$5,022$4,434$3,907$3,438$3,001
13 years$5,186$4,538$3,961$3,450$2,998$2,583
14 years$4,766$4,125$3,559$3,062$2,628$2,233
15 years$4,403$3,769$3,214$2,731$2,314$1,939
16 years$4,085$3,458$2,914$2,445$2,045$1,690
17 years$3,805$3,184$2,651$2,197$1,813$1,477
18 years$3,556$2,942$2,420$1,980$1,612$1,294
19 years$3,333$2,727$2,216$1,789$1,437$1,136
20 years$3,134$2,534$2,033$1,620$1,284$1,000
21 years$2,953$2,360$1,870$1,471$1,149$881
22 years$2,789$2,203$1,724$1,337$1,030$778
23 years$2,640$2,061$1,592$1,218$924$687
24 years$2,503$1,931$1,472$1,111$831$608
25 years$2,377$1,812$1,363$1,014$748$538
26 years$2,261$1,703$1,264$927$673$477
27 years$2,154$1,603$1,174$849$607$423
28 years$2,055$1,510$1,091$778$548$375
29 years$1,963$1,425$1,016$713$495$333
30 years$1,877$1,345$946$655$447$296
31 years$1,797$1,272$882$601$404$263
32 years$1,722$1,203$823$552$366$234
33 years$1,651$1,140$768$508$331$208
34 years$1,585$1,080$718$467$300$185
35 years$1,523$1,025$671$430$271$165
36 years$1,464$972$628$396$246$147
37 years$1,409$924$588$365$223$131
38 years$1,357$878$550$337$202$116
39 years$1,307$835$516$310$183$104
40 years$1,261$794$483$286$166$92
41 years$1,216$756$453$264$151$82
42 years$1,174$720$425$244$137$73
43 years$1,134$686$399$225$124$65
44 years$1,095$654$374$208$113$58
45 years$1,059$623$352$192$102$52
46 years$1,024$595$330$177$93$46
47 years$991$568$310$164$84$41
48 years$959$542$292$151$77$37
49 years$929$517$274$140$70$33
50 years$900$494$258$129$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $922,000, adding $3,798 every year, while hoping to spend $45,689 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: 68/15/17 Blend
50$922,000$922,000$922,000$922,000
51$1,019,962$971,096$956,805$1,084,903
52$1,075,385$970,067$940,245$1,127,693
53$1,134,930$967,456$921,599$1,168,753
54$1,198,970$963,138$900,749$1,212,529
55$1,267,912$956,978$877,571$1,259,284
56$1,342,205$948,837$851,936$1,309,310
57$1,422,343$938,563$823,709$1,362,929
58$1,508,867$925,997$792,748$1,420,497
59$1,602,371$910,971$758,906$1,482,407
60$1,703,511$893,307$722,027$1,549,095
61$1,813,004$872,814$681,950$1,621,041
62$1,931,642$849,293$638,506$1,698,776
63$2,060,292$822,531$591,519$1,782,887
64$2,199,910$792,304$540,803$1,874,022
65$2,351,548$758,374$486,167$1,972,899
66$2,516,362$720,489$427,409$2,080,308
67$2,695,622$678,385$364,319$2,197,123
68$2,890,729$631,779$296,677$2,324,311
69$3,103,221$580,374$224,254$2,462,939
70$3,334,793$523,856$146,810$2,614,184
71$3,587,309$461,892$64,095$2,779,347
72$3,862,822$394,132$0$2,959,867
73$4,163,589$320,204$0$3,161,713
74$4,492,098$239,717$0$3,394,946
75$4,851,085$152,256$0$3,649,911
76$5,243,564$57,384$0$3,928,800
77$5,672,852$0$0$4,234,023
78$6,142,602$0$0$4,575,730
79$6,656,837$0$0$4,960,218
80$7,219,986$0$0$5,381,333
81$7,836,928$0$0$5,842,729
82$8,513,033$0$0$6,348,432
83$9,254,218$0$0$6,902,874
84$10,066,999$0$0$7,510,935
85$10,958,553$0$0$8,177,995
86$11,936,784$0$0$8,909,974
87$13,010,398$0$0$9,713,396
88$14,188,988$0$0$10,595,447
89$15,483,116$0$0$11,564,043
90$16,904,422$0$0$12,627,903
91$18,465,725$0$0$13,796,634
92$20,181,147$0$0$15,080,817
93$22,066,248$0$0$16,492,109
94$24,138,168$0$0$18,043,354
95$26,415,791$0$0$19,748,701
96$28,919,920$0$0$21,623,739
97$31,673,477$0$0$23,685,642
98$34,701,714$0$0$25,953,332
99$38,032,453$0$0$28,447,656
100$41,696,349$0$0$31,191,585