Can I retire at age 51 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$76,220$75,542$74,879$74,233$73,601$72,712
2 years$37,733$37,030$36,349$35,689$35,048$34,153
3 years$24,905$24,200$23,520$22,866$22,236$21,363
4 years$18,493$17,789$17,117$16,474$15,859$15,015
5 years$14,646$13,947$13,283$12,653$12,056$11,243
6 years$12,083$11,389$10,735$10,119$9,539$8,759
7 years$10,253$9,564$8,921$8,319$7,758$7,010
8 years$8,880$8,198$7,565$6,979$6,436$5,721
9 years$7,814$7,138$6,516$5,945$5,420$4,737
10 years$6,961$6,292$5,681$5,124$4,618$3,967
11 years$6,264$5,601$5,001$4,460$3,972$3,352
12 years$5,683$5,027$4,439$3,912$3,442$2,852
13 years$5,192$4,543$3,966$3,453$3,001$2,441
14 years$4,772$4,130$3,563$3,066$2,631$2,100
15 years$4,407$3,773$3,217$2,734$2,317$1,814
16 years$4,089$3,461$2,917$2,448$2,047$1,572
17 years$3,809$3,188$2,654$2,199$1,815$1,366
18 years$3,560$2,946$2,423$1,982$1,614$1,190
19 years$3,337$2,730$2,218$1,791$1,439$1,039
20 years$3,137$2,537$2,036$1,622$1,285$909
21 years$2,956$2,363$1,872$1,472$1,150$796
22 years$2,792$2,206$1,726$1,339$1,031$698
23 years$2,642$2,063$1,593$1,219$925$613
24 years$2,505$1,933$1,474$1,112$832$539
25 years$2,380$1,814$1,365$1,015$748$475
26 years$2,264$1,705$1,266$928$674$418
27 years$2,157$1,604$1,175$850$608$368
28 years$2,057$1,512$1,093$779$548$325
29 years$1,965$1,426$1,017$714$495$287
30 years$1,879$1,347$947$655$447$253
31 years$1,799$1,273$883$602$405$223
32 years$1,723$1,205$824$553$366$197
33 years$1,653$1,141$769$509$331$174
34 years$1,587$1,081$719$468$300$154
35 years$1,525$1,026$672$431$272$136
36 years$1,466$973$629$397$246$120
37 years$1,411$925$588$366$223$107
38 years$1,358$879$551$337$202$94
39 years$1,309$836$516$311$183$83
40 years$1,262$795$484$287$166$74
41 years$1,217$757$454$264$151$65
42 years$1,175$721$426$244$137$58
43 years$1,135$687$399$225$124$51
44 years$1,097$655$375$208$113$45
45 years$1,060$624$352$192$102$40
46 years$1,025$595$331$177$93$35
47 years$992$568$311$164$84$31
48 years$961$542$292$151$77$28
49 years$930$518$274$140$70$25
50 years$901$495$258$129$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $923,000, adding $5,315 every year, while hoping to spend $28,201 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: 32/41/27 Blend
50$923,000$923,000$923,000$923,000
51$1,022,628$973,709$959,403$1,046,780
52$1,096,931$991,416$961,537$1,083,385
53$1,177,867$1,009,044$962,798$1,119,919
54$1,266,084$1,026,561$963,126$1,158,713
55$1,362,293$1,043,932$962,459$1,199,987
56$1,467,278$1,061,115$960,733$1,243,982
57$1,581,901$1,078,071$957,879$1,290,965
58$1,707,113$1,094,754$953,825$1,341,232
59$1,843,957$1,111,116$948,497$1,395,109
60$1,993,586$1,127,106$941,816$1,452,960
61$2,157,265$1,142,667$933,701$1,515,182
62$2,336,389$1,157,741$924,063$1,582,220
63$2,532,496$1,172,266$912,814$1,654,563
64$2,747,276$1,186,172$899,859$1,732,751
65$2,982,593$1,199,389$885,099$1,817,383
66$3,240,497$1,211,839$868,429$1,909,121
67$3,523,248$1,223,439$849,742$2,008,695
68$3,833,334$1,234,103$828,924$2,116,914
69$4,173,498$1,243,737$805,856$2,234,672
70$4,546,756$1,252,242$780,413$2,362,955
71$4,956,435$1,259,512$752,467$2,502,854
72$5,406,197$1,265,434$721,881$2,655,576
73$5,900,078$1,269,888$688,512$2,822,451
74$6,442,521$1,272,748$652,213$3,004,951
75$7,038,424$1,273,879$612,828$3,204,702
76$7,693,180$1,273,136$570,194$3,423,498
77$8,412,732$1,270,366$524,143$3,663,322
78$9,203,625$1,265,409$474,496$3,926,364
79$10,073,073$1,258,092$421,070$4,215,041
80$11,029,020$1,248,233$363,670$4,532,024
81$12,080,222$1,235,638$302,094$4,880,259
82$13,236,323$1,220,102$236,133$5,263,002
83$14,507,950$1,201,409$165,565$5,683,846
84$15,906,810$1,179,328$90,161$6,146,754
85$17,445,805$1,153,615$9,682$6,656,106
86$19,139,146$1,124,011$0$7,216,733
87$21,002,495$1,090,244$0$7,855,920
88$23,053,108$1,052,024$0$8,562,002
89$25,309,996$1,009,044$0$9,338,759
90$27,794,109$960,981$0$10,193,438
91$30,528,530$907,491$0$11,134,031
92$33,538,694$848,212$0$12,169,352
93$36,852,626$782,760$0$13,309,116
94$40,501,209$710,730$0$14,564,041
95$44,518,470$631,694$0$15,945,940
96$48,941,905$545,198$0$17,467,839
97$53,812,831$450,764$0$19,144,104
98$59,176,775$347,886$0$20,990,569
99$65,083,905$236,032$0$23,024,697
100$71,589,502$114,636$0$25,265,737