Can I retire at age 51 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$76,716$76,033$75,366$74,715$74,080$73,490
2 years$37,978$37,271$36,585$35,921$35,276$34,681
3 years$25,067$24,357$23,673$23,015$22,381$21,800
4 years$18,613$17,905$17,228$16,581$15,962$15,399
5 years$14,742$14,038$13,370$12,736$12,134$11,591
6 years$12,161$11,463$10,805$10,185$9,601$9,079
7 years$10,319$9,626$8,979$8,374$7,808$7,307
8 years$8,938$8,252$7,615$7,024$6,478$5,997
9 years$7,865$7,185$6,559$5,983$5,455$4,995
10 years$7,006$6,333$5,718$5,158$4,648$4,208
11 years$6,304$5,638$5,034$4,489$3,998$3,577
12 years$5,720$5,060$4,467$3,937$3,464$3,064
13 years$5,226$4,573$3,991$3,476$3,021$2,640
14 years$4,803$4,157$3,586$3,086$2,648$2,286
15 years$4,436$3,797$3,238$2,752$2,332$1,987
16 years$4,116$3,484$2,936$2,464$2,061$1,734
17 years$3,833$3,208$2,671$2,214$1,827$1,518
18 years$3,583$2,965$2,439$1,995$1,625$1,332
19 years$3,359$2,748$2,232$1,803$1,448$1,171
20 years$3,157$2,553$2,049$1,633$1,293$1,032
21 years$2,975$2,378$1,884$1,482$1,157$911
22 years$2,810$2,220$1,737$1,347$1,037$805
23 years$2,660$2,076$1,604$1,227$931$712
24 years$2,522$1,945$1,483$1,119$837$631
25 years$2,395$1,826$1,374$1,022$753$560
26 years$2,278$1,716$1,274$934$678$497
27 years$2,171$1,615$1,183$855$612$441
28 years$2,071$1,522$1,100$784$552$392
29 years$1,978$1,435$1,023$719$498$349
30 years$1,891$1,356$953$660$450$310
31 years$1,810$1,282$889$606$407$276
32 years$1,735$1,213$829$557$368$246
33 years$1,664$1,148$774$512$333$219
34 years$1,597$1,088$723$471$302$196
35 years$1,534$1,032$676$434$273$174
36 years$1,475$980$633$399$248$155
37 years$1,420$931$592$368$224$139
38 years$1,367$884$555$339$203$124
39 years$1,317$841$520$313$185$110
40 years$1,270$800$487$288$167$98
41 years$1,225$762$457$266$152$88
42 years$1,183$725$428$246$138$78
43 years$1,142$691$402$227$125$70
44 years$1,104$659$377$209$114$63
45 years$1,067$628$354$193$103$56
46 years$1,032$599$333$179$94$50
47 years$999$572$313$165$85$45
48 years$967$546$294$152$77$40
49 years$936$521$276$141$70$36
50 years$907$498$260$130$64$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $929,000, adding $5,311 every year, while hoping to spend $58,423 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: 29/43/28 Blend
50$929,000$929,000$929,000$929,000
51$1,029,236$979,999$965,600$1,050,068
52$1,072,057$965,858$935,786$1,052,807
53$1,117,287$949,065$903,015$1,050,321
54$1,165,111$929,430$867,126$1,046,483
55$1,215,729$906,749$827,952$1,041,218
56$1,269,362$880,808$785,317$1,034,448
57$1,326,248$851,379$739,036$1,026,093
58$1,386,650$818,221$688,919$1,016,075
59$1,450,854$781,080$634,764$1,004,310
60$1,519,175$739,686$576,362$990,718
61$1,591,955$693,755$513,494$975,217
62$1,669,570$642,984$445,931$957,724
63$1,752,431$587,056$373,435$938,159
64$1,840,990$525,633$295,757$916,441
65$1,935,741$458,359$212,635$892,493
66$2,037,226$384,858$123,797$866,240
67$2,146,041$304,733$28,962$837,611
68$2,262,836$217,564$0$806,538
69$2,388,328$122,908$0$794,547
70$2,523,302$20,295$0$790,636
71$2,668,623$0$0$786,196
72$2,825,236$0$0$824,241
73$2,994,182$0$0$875,756
74$3,176,606$0$0$931,500
75$3,373,763$0$0$991,871
76$3,587,033$0$0$1,057,309
77$3,817,936$0$0$1,128,296
78$4,068,138$0$0$1,205,363
79$4,339,476$0$0$1,289,093
80$4,633,967$0$0$1,380,128
81$4,953,829$0$0$1,479,175
82$5,301,504$0$0$1,587,010
83$5,679,677$0$0$1,704,488
84$6,091,302$0$0$1,832,551
85$6,539,631$0$0$1,972,233
86$7,028,239$0$0$2,124,675
87$7,561,066$0$0$2,291,131
88$8,142,443$0$0$2,472,983
89$8,777,140$0$0$2,671,750
90$9,470,407$0$0$2,889,107
91$10,228,025$0$0$3,126,897
92$11,056,356$0$0$3,387,149
93$11,962,407$0$0$3,672,099
94$12,953,891$0$0$3,984,205
95$14,039,304$0$0$4,326,180
96$15,227,998$0$0$4,701,007
97$16,530,274$0$0$5,111,974
98$17,957,477$0$0$5,562,700
99$19,522,100$0$0$6,057,173
100$21,237,903$0$0$6,599,786