Can I retire at age 51 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$76,386$75,705$75,041$74,393$73,761$72,900
2 years$37,815$37,110$36,428$35,766$35,124$34,257
3 years$24,959$24,252$23,571$22,916$22,284$21,439
4 years$18,533$17,828$17,154$16,509$15,893$15,075
5 years$14,678$13,977$13,312$12,681$12,082$11,294
6 years$12,109$11,413$10,758$10,141$9,560$8,803
7 years$10,275$9,585$8,940$8,337$7,775$7,050
8 years$8,900$8,216$7,582$6,994$6,450$5,756
9 years$7,831$7,154$6,530$5,957$5,432$4,769
10 years$6,976$6,306$5,693$5,135$4,628$3,996
11 years$6,277$5,613$5,012$4,469$3,980$3,379
12 years$5,695$5,038$4,448$3,920$3,449$2,877
13 years$5,203$4,553$3,974$3,461$3,008$2,464
14 years$4,782$4,139$3,571$3,072$2,637$2,121
15 years$4,417$3,781$3,224$2,740$2,322$1,833
16 years$4,098$3,469$2,923$2,453$2,052$1,590
17 years$3,817$3,195$2,660$2,204$1,819$1,383
18 years$3,567$2,952$2,428$1,986$1,618$1,205
19 years$3,344$2,736$2,223$1,795$1,442$1,053
20 years$3,144$2,542$2,040$1,626$1,288$922
21 years$2,963$2,368$1,876$1,475$1,152$808
22 years$2,798$2,211$1,729$1,341$1,033$710
23 years$2,648$2,067$1,597$1,222$927$624
24 years$2,511$1,937$1,477$1,114$833$549
25 years$2,385$1,818$1,368$1,018$750$483
26 years$2,269$1,708$1,269$930$676$426
27 years$2,161$1,608$1,178$852$609$376
28 years$2,062$1,515$1,095$780$550$331
29 years$1,969$1,429$1,019$716$496$293
30 years$1,883$1,350$949$657$448$259
31 years$1,802$1,276$885$603$405$228
32 years$1,727$1,207$826$554$367$202
33 years$1,657$1,143$771$510$332$179
34 years$1,590$1,084$720$469$300$158
35 years$1,528$1,028$673$432$272$140
36 years$1,469$976$630$398$247$124
37 years$1,414$927$590$366$223$110
38 years$1,361$881$552$338$203$97
39 years$1,312$837$517$311$184$86
40 years$1,265$797$485$287$167$76
41 years$1,220$758$455$265$151$67
42 years$1,178$722$426$245$137$60
43 years$1,137$688$400$226$125$53
44 years$1,099$656$376$208$113$47
45 years$1,062$626$353$192$103$41
46 years$1,028$597$331$178$93$37
47 years$994$569$311$164$85$33
48 years$963$544$292$152$77$29
49 years$932$519$275$140$70$26
50 years$903$496$258$130$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $925,000, adding $2,237 every year, while hoping to spend $43,585 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: 54/22/24 Blend
50$925,000$925,000$925,000$925,000
51$1,021,657$972,632$958,295$1,069,957
52$1,079,492$973,917$944,024$1,104,728
53$1,141,766$973,804$927,814$1,137,846
54$1,208,884$972,179$909,554$1,172,994
55$1,281,294$968,920$889,128$1,210,381
56$1,359,487$963,898$866,414$1,250,237
57$1,444,002$956,976$841,286$1,292,822
58$1,535,432$948,009$813,611$1,338,422
59$1,634,427$936,843$783,249$1,387,355
60$1,741,706$923,315$750,054$1,439,972
61$1,858,054$907,252$713,876$1,496,667
62$1,984,339$888,471$674,554$1,557,872
63$2,121,514$866,778$631,923$1,624,068
64$2,270,625$841,967$585,809$1,695,789
65$2,432,826$813,821$536,031$1,773,626
66$2,609,385$782,109$482,400$1,858,233
67$2,801,699$746,589$424,716$1,950,336
68$3,011,302$707,002$362,774$2,050,739
69$3,239,886$663,076$296,358$2,160,331
70$3,489,310$614,522$225,242$2,280,096
71$3,761,623$561,037$149,190$2,411,126
72$4,059,078$502,297$67,958$2,554,625
73$4,384,157$437,963$0$2,711,929
74$4,739,593$367,675$0$2,889,312
75$5,128,393$291,052$0$3,102,493
76$5,553,869$207,694$0$3,335,929
77$6,019,669$117,177$0$3,591,692
78$6,529,809$19,052$0$3,872,068
79$7,088,711$0$0$4,179,580
80$7,701,247$0$0$4,538,109
81$8,372,780$0$0$4,936,315
82$9,109,218$0$0$5,373,101
83$9,917,069$0$0$5,852,337
84$10,803,500$0$0$6,378,288
85$11,776,407$0$0$6,955,649
86$12,844,485$0$0$7,589,595
87$14,017,313$0$0$8,285,824
88$15,305,445$0$0$9,050,614
89$16,720,505$0$0$9,890,881
90$18,275,299$0$0$10,814,244
91$19,983,934$0$0$11,829,097
92$21,861,955$0$0$12,944,687
93$23,926,482$0$0$14,171,201
94$26,196,382$0$0$15,519,863
95$28,692,437$0$0$17,003,039
96$31,437,547$0$0$18,634,355
97$34,456,940$0$0$20,428,820
98$37,778,413$0$0$22,402,974
99$41,432,593$0$0$24,575,040
100$45,453,224$0$0$26,965,096