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%19.8%
1 years$76,386$75,705$75,041$74,393$73,761$70,862
2 years$37,815$37,110$36,428$35,766$35,124$32,239
3 years$24,959$24,252$23,571$22,916$22,284$19,504
4 years$18,533$17,828$17,154$16,509$15,893$13,239
5 years$14,678$13,977$13,312$12,681$12,082$9,560
6 years$12,109$11,413$10,758$10,141$9,560$7,172
7 years$10,275$9,585$8,940$8,337$7,775$5,520
8 years$8,900$8,216$7,582$6,994$6,450$4,327
9 years$7,831$7,154$6,530$5,957$5,432$3,436
10 years$6,976$6,306$5,693$5,135$4,628$2,757
11 years$6,277$5,613$5,012$4,469$3,980$2,229
12 years$5,695$5,038$4,448$3,920$3,449$1,813
13 years$5,203$4,553$3,974$3,461$3,008$1,482
14 years$4,782$4,139$3,571$3,072$2,637$1,216
15 years$4,417$3,781$3,224$2,740$2,322$1,000
16 years$4,098$3,469$2,923$2,453$2,052$825
17 years$3,817$3,195$2,660$2,204$1,819$682
18 years$3,567$2,952$2,428$1,986$1,618$565
19 years$3,344$2,736$2,223$1,795$1,442$468
20 years$3,144$2,542$2,040$1,626$1,288$389
21 years$2,963$2,368$1,876$1,475$1,152$323
22 years$2,798$2,211$1,729$1,341$1,033$269
23 years$2,648$2,067$1,597$1,222$927$224
24 years$2,511$1,937$1,477$1,114$833$186
25 years$2,385$1,818$1,368$1,018$750$155
26 years$2,269$1,708$1,269$930$676$129
27 years$2,161$1,608$1,178$852$609$108
28 years$2,062$1,515$1,095$780$550$90
29 years$1,969$1,429$1,019$716$496$75
30 years$1,883$1,350$949$657$448$62
31 years$1,802$1,276$885$603$405$52
32 years$1,727$1,207$826$554$367$43
33 years$1,657$1,143$771$510$332$36
34 years$1,590$1,084$720$469$300$30
35 years$1,528$1,028$673$432$272$25
36 years$1,469$976$630$398$247$21
37 years$1,414$927$590$366$223$18
38 years$1,361$881$552$338$203$15
39 years$1,312$837$517$311$184$12
40 years$1,265$797$485$287$167$10
41 years$1,220$758$455$265$151$9
42 years$1,178$722$426$245$137$7
43 years$1,137$688$400$226$125$6
44 years$1,099$656$376$208$113$5
45 years$1,062$626$353$192$103$4
46 years$1,028$597$331$178$93$3
47 years$994$569$311$164$85$3
48 years$963$544$292$152$77$2
49 years$932$519$275$140$70$2
50 years$903$496$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $925,000, adding $2,585 every year, while hoping to spend $38,779 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: 41/42/17 Blend
50$925,000$925,000$925,000$925,000
51$1,022,016$972,991$958,654$1,058,697
52$1,085,002$979,407$949,508$1,091,366
53$1,153,111$984,838$938,757$1,122,732
54$1,226,828$989,194$926,304$1,155,861
55$1,306,681$992,381$912,051$1,190,934
56$1,393,252$994,297$895,895$1,228,152
57$1,487,182$994,836$877,726$1,267,736
58$1,589,175$993,884$857,430$1,309,937
59$1,700,006$991,320$834,889$1,355,029
60$1,820,527$987,015$809,978$1,403,319
61$1,951,675$980,833$782,567$1,455,149
62$2,094,483$972,630$752,520$1,510,896
63$2,250,084$962,253$719,693$1,570,981
64$2,419,728$949,539$683,939$1,635,871
65$2,604,791$934,317$645,101$1,706,084
66$2,806,785$916,404$603,017$1,782,195
67$3,027,376$895,606$557,517$1,864,842
68$3,268,397$871,720$508,423$1,954,732
69$3,531,868$844,529$455,550$2,052,649
70$3,820,011$813,803$398,703$2,159,463
71$4,135,273$779,301$337,680$2,276,137
72$4,480,349$740,764$272,271$2,403,738
73$4,858,206$697,923$202,253$2,543,449
74$5,272,111$650,490$127,397$2,696,580
75$5,725,664$598,161$47,462$2,864,580
76$6,222,826$540,615$0$3,049,054
77$6,767,963$477,514$0$3,258,644
78$7,365,882$408,499$0$3,498,086
79$8,021,877$333,191$0$3,760,985
80$8,741,782$251,190$0$4,049,801
81$9,532,019$162,074$0$4,367,250
82$10,399,665$65,396$0$4,716,332
83$11,352,517$0$0$5,100,361
84$12,399,159$0$0$5,541,168
85$13,549,053$0$0$6,058,791
86$14,812,619$0$0$6,627,712
87$16,201,337$0$0$7,253,118
88$17,727,857$0$0$7,940,721
89$19,406,113$0$0$8,696,814
90$21,251,456$0$0$9,528,332
91$23,280,800$0$0$10,442,916
92$25,512,781$0$0$11,448,981
93$27,967,930$0$0$12,555,803
94$30,668,869$0$0$13,773,600
95$33,640,523$0$0$15,113,632
96$36,910,353$0$0$16,588,303
97$40,508,618$0$0$18,211,282
98$44,468,659$0$0$19,997,631
99$48,827,211$0$0$21,963,945
100$53,624,752$0$0$24,128,509