Can I retire at age 51 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$76,799$76,114$75,447$74,796$74,160$71,614
2 years$38,019$37,311$36,625$35,959$35,314$32,775
3 years$25,094$24,383$23,699$23,040$22,405$19,952
4 years$18,633$17,924$17,247$16,599$15,979$13,632
5 years$14,757$14,053$13,384$12,749$12,147$9,912
6 years$12,175$11,475$10,816$10,196$9,612$7,490
7 years$10,330$9,637$8,988$8,383$7,817$5,808
8 years$8,948$8,261$7,623$7,032$6,485$4,587
9 years$7,873$7,192$6,566$5,990$5,461$3,673
10 years$7,014$6,340$5,724$5,163$4,653$2,971
11 years$6,311$5,644$5,039$4,493$4,002$2,422
12 years$5,726$5,066$4,472$3,941$3,468$1,987
13 years$5,231$4,578$3,996$3,480$3,024$1,639
14 years$4,808$4,161$3,590$3,089$2,651$1,357
15 years$4,441$3,801$3,241$2,755$2,334$1,127
16 years$4,120$3,488$2,939$2,467$2,063$938
17 years$3,838$3,212$2,674$2,216$1,829$783
18 years$3,587$2,968$2,441$1,997$1,626$655
19 years$3,362$2,751$2,235$1,805$1,450$548
20 years$3,161$2,556$2,051$1,634$1,295$460
21 years$2,979$2,381$1,887$1,483$1,159$386
22 years$2,813$2,222$1,739$1,349$1,039$324
23 years$2,662$2,079$1,605$1,228$932$273
24 years$2,524$1,948$1,485$1,120$838$229
25 years$2,398$1,828$1,375$1,023$754$193
26 years$2,281$1,718$1,275$935$679$162
27 years$2,173$1,617$1,184$856$612$137
28 years$2,073$1,523$1,101$785$553$115
29 years$1,980$1,437$1,025$719$499$97
30 years$1,893$1,357$954$660$451$82
31 years$1,812$1,283$890$606$408$69
32 years$1,736$1,214$830$557$369$58
33 years$1,665$1,150$775$512$334$49
34 years$1,599$1,090$724$472$302$41
35 years$1,536$1,033$677$434$274$35
36 years$1,477$981$633$400$248$29
37 years$1,421$932$593$368$225$25
38 years$1,369$885$555$339$204$21
39 years$1,319$842$520$313$185$18
40 years$1,271$801$488$289$168$15
41 years$1,227$762$457$266$152$13
42 years$1,184$726$429$246$138$11
43 years$1,144$692$402$227$125$9
44 years$1,105$659$378$210$114$8
45 years$1,068$629$355$194$103$6
46 years$1,033$600$333$179$94$5
47 years$1,000$573$313$165$85$5
48 years$968$547$294$153$77$4
49 years$937$522$276$141$70$3
50 years$908$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $930,000, adding $6,092 every year, while hoping to spend $55,983 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: 47/32/21 Blend
50$930,000$930,000$930,000$930,000
51$1,031,144$981,854$967,439$1,073,183
52$1,076,755$970,399$940,283$1,091,721
53$1,125,142$956,507$910,340$1,105,753
54$1,176,530$939,999$877,459$1,119,828
55$1,231,162$920,685$841,481$1,133,973
56$1,289,308$898,366$802,238$1,148,226
57$1,351,260$872,829$759,556$1,162,627
58$1,417,341$843,849$713,253$1,177,231
59$1,487,901$811,190$663,138$1,192,097
60$1,563,328$774,599$609,014$1,207,298
61$1,644,043$733,810$550,672$1,222,920
62$1,730,511$688,542$487,895$1,239,060
63$1,823,240$638,498$420,457$1,255,833
64$1,922,789$583,362$348,120$1,273,372
65$2,029,768$522,802$270,637$1,291,829
66$2,144,852$456,467$187,751$1,311,377
67$2,268,778$383,985$99,192$1,332,216
68$2,402,357$304,963$4,678$1,354,574
69$2,546,478$218,987$0$1,378,709
70$2,702,122$125,620$0$1,426,467
71$2,870,361$24,399$0$1,479,147
72$3,052,379$0$0$1,536,148
73$3,249,474$0$0$1,627,958
74$3,463,073$0$0$1,736,855
75$3,694,748$0$0$1,855,059
76$3,946,224$0$0$1,983,463
77$4,219,401$0$0$2,123,048
78$4,516,368$0$0$2,274,895
79$4,839,423$0$0$2,440,192
80$5,191,095$0$0$2,620,248
81$5,574,166$0$0$2,816,500
82$5,991,698$0$0$3,030,533
83$6,447,061$0$0$3,264,090
84$6,943,963$0$0$3,519,090
85$7,486,488$0$0$3,797,645
86$8,079,128$0$0$4,102,080
87$8,726,832$0$0$4,434,956
88$9,435,046$0$0$4,799,090
89$10,209,767$0$0$5,197,587
90$11,057,599$0$0$5,633,863
91$11,985,813$0$0$6,111,683
92$13,002,415$0$0$6,635,190
93$14,116,223$0$0$7,208,948
94$15,336,947$0$0$7,837,984
95$16,675,283$0$0$8,527,835
96$18,143,009$0$0$9,284,596
97$19,753,098$0$0$10,114,986
98$21,519,841$0$0$11,026,401
99$23,458,978$0$0$12,026,990
100$25,587,846$0$0$13,125,730