Can I retire at age 51 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$76,964$76,278$75,609$74,956$74,319$72,230
2 years$38,101$37,391$36,704$36,037$35,390$33,301
3 years$25,148$24,436$23,750$23,089$22,453$20,429
4 years$18,673$17,963$17,284$16,634$16,014$14,071
5 years$14,789$14,083$13,413$12,777$12,173$10,318
6 years$12,201$11,500$10,840$10,218$9,632$7,865
7 years$10,353$9,658$9,008$8,401$7,834$6,155
8 years$8,967$8,278$7,639$7,047$6,499$4,907
9 years$7,890$7,208$6,580$6,002$5,473$3,967
10 years$7,029$6,353$5,736$5,174$4,663$3,241
11 years$6,325$5,656$5,050$4,503$4,010$2,670
12 years$5,738$5,076$4,482$3,950$3,475$2,214
13 years$5,243$4,588$4,004$3,487$3,031$1,846
14 years$4,818$4,170$3,598$3,095$2,657$1,545
15 years$4,450$3,809$3,248$2,761$2,339$1,298
16 years$4,129$3,495$2,945$2,472$2,067$1,094
17 years$3,846$3,219$2,680$2,221$1,833$923
18 years$3,594$2,974$2,446$2,001$1,630$781
19 years$3,370$2,757$2,240$1,809$1,453$662
20 years$3,168$2,562$2,055$1,638$1,298$562
21 years$2,985$2,386$1,891$1,487$1,161$478
22 years$2,819$2,227$1,742$1,352$1,041$406
23 years$2,668$2,083$1,609$1,231$934$346
24 years$2,530$1,952$1,488$1,123$840$295
25 years$2,403$1,832$1,378$1,025$756$251
26 years$2,286$1,721$1,278$937$681$214
27 years$2,178$1,620$1,187$858$614$183
28 years$2,077$1,527$1,103$786$554$156
29 years$1,984$1,440$1,027$721$500$133
30 years$1,897$1,360$956$662$452$114
31 years$1,816$1,286$892$608$408$97
32 years$1,740$1,217$832$558$369$83
33 years$1,669$1,152$777$514$334$71
34 years$1,602$1,092$726$473$303$61
35 years$1,539$1,036$679$435$274$52
36 years$1,480$983$635$401$248$44
37 years$1,424$934$594$369$225$38
38 years$1,372$887$556$340$204$32
39 years$1,322$844$521$314$185$28
40 years$1,274$803$489$289$168$24
41 years$1,229$764$458$267$152$20
42 years$1,187$728$430$246$138$17
43 years$1,146$693$403$227$125$15
44 years$1,107$661$379$210$114$13
45 years$1,071$630$355$194$103$11
46 years$1,035$601$334$179$94$9
47 years$1,002$574$314$166$85$8
48 years$970$548$295$153$77$7
49 years$939$523$277$141$70$6
50 years$910$500$260$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $932,000, adding $3,727 every year, while hoping to spend $35,085 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: 63/29/8 Blend
50$932,000$932,000$932,000$932,000
51$1,030,908$981,512$967,066$1,093,949
52$1,098,731$992,276$962,133$1,147,244
53$1,172,295$1,002,392$955,858$1,200,971
54$1,252,150$1,011,790$948,161$1,258,732
55$1,338,900$1,020,398$938,954$1,320,917
56$1,433,207$1,028,136$928,148$1,387,956
57$1,535,802$1,034,923$915,649$1,460,323
58$1,647,489$1,040,669$901,358$1,538,541
59$1,769,151$1,045,281$885,172$1,623,185
60$1,901,762$1,048,657$866,983$1,714,894
61$2,046,392$1,050,691$846,677$1,814,367
62$2,204,220$1,051,271$824,137$1,922,380
63$2,376,543$1,050,276$799,238$2,039,785
64$2,564,789$1,047,578$771,851$2,167,526
65$2,770,530$1,043,042$741,841$2,306,641
66$2,995,496$1,036,523$709,065$2,458,276
67$3,241,594$1,027,870$673,376$2,623,696
68$3,510,922$1,016,921$634,619$2,804,296
69$3,805,789$1,003,503$592,632$3,001,614
70$4,128,741$987,436$547,246$3,217,348
71$4,482,578$968,527$498,285$3,453,370
72$4,870,388$946,571$445,564$3,711,744
73$5,295,567$921,353$388,890$3,994,749
74$5,761,860$892,644$328,063$4,304,897
75$6,273,387$860,201$262,871$4,644,960
76$6,834,691$823,769$193,095$5,017,994
77$7,450,773$783,077$118,507$5,427,369
78$8,127,141$737,837$38,867$5,876,805
79$8,869,865$687,747$0$6,370,402
80$9,685,631$632,486$0$6,916,619
81$10,581,802$571,715$0$7,520,303
82$11,566,492$505,076$0$8,183,657
83$12,648,640$432,189$0$8,912,771
84$13,838,090$352,656$0$9,714,360
85$15,145,692$266,053$0$10,595,825
86$16,583,398$171,934$0$11,565,330
87$18,164,373$69,828$0$12,631,871
88$19,903,127$0$0$13,805,370
89$21,815,642$0$0$15,109,772
90$23,919,529$0$0$16,569,284
91$26,234,192$0$0$18,175,093
92$28,781,008$0$0$19,942,040
93$31,583,534$0$0$21,886,479
94$34,667,724$0$0$24,026,426
95$38,062,175$0$0$26,381,735
96$41,798,398$0$0$28,974,281
97$45,911,113$0$0$31,828,168
98$50,438,577$0$0$34,969,953
99$55,422,946$0$0$38,428,904
100$60,910,668$0$0$42,237,265