Can I retire at age 51 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$77,294$76,606$75,934$75,278$74,638$73,101
2 years$38,264$37,552$36,861$36,191$35,542$34,001
3 years$25,256$24,540$23,852$23,188$22,549$21,051
4 years$18,753$18,040$17,358$16,706$16,082$14,640
5 years$14,853$14,143$13,470$12,832$12,226$10,842
6 years$12,253$11,549$10,886$10,262$9,674$8,351
7 years$10,397$9,699$9,046$8,437$7,867$6,605
8 years$9,006$8,314$7,672$7,077$6,527$5,325
9 years$7,924$7,239$6,608$6,028$5,496$4,355
10 years$7,059$6,381$5,761$5,196$4,683$3,600
11 years$6,352$5,680$5,072$4,522$4,028$3,002
12 years$5,763$5,098$4,501$3,967$3,490$2,521
13 years$5,265$4,607$4,021$3,502$3,044$2,128
14 years$4,839$4,188$3,613$3,109$2,668$1,805
15 years$4,470$3,826$3,262$2,772$2,349$1,536
16 years$4,147$3,510$2,958$2,482$2,076$1,312
17 years$3,862$3,233$2,691$2,230$1,841$1,123
18 years$3,610$2,987$2,457$2,010$1,637$964
19 years$3,384$2,768$2,249$1,816$1,459$829
20 years$3,181$2,573$2,064$1,645$1,303$714
21 years$2,998$2,396$1,899$1,493$1,166$615
22 years$2,831$2,237$1,750$1,357$1,045$531
23 years$2,680$2,092$1,616$1,236$938$459
24 years$2,541$1,960$1,494$1,128$843$397
25 years$2,413$1,839$1,384$1,030$759$344
26 years$2,296$1,729$1,284$942$684$298
27 years$2,187$1,627$1,192$862$616$258
28 years$2,086$1,533$1,108$790$556$223
29 years$1,993$1,446$1,031$724$502$194
30 years$1,905$1,366$960$665$454$168
31 years$1,824$1,291$895$610$410$146
32 years$1,748$1,222$835$561$371$127
33 years$1,676$1,157$780$516$336$110
34 years$1,609$1,097$729$475$304$96
35 years$1,546$1,040$681$437$275$83
36 years$1,487$987$637$402$250$72
37 years$1,430$938$597$371$226$63
38 years$1,377$891$559$342$205$54
39 years$1,327$847$523$315$186$47
40 years$1,280$806$491$291$169$41
41 years$1,235$767$460$268$153$36
42 years$1,192$731$432$247$139$31
43 years$1,151$696$405$228$126$27
44 years$1,112$664$380$211$114$23
45 years$1,075$633$357$195$104$20
46 years$1,040$604$335$180$94$18
47 years$1,006$576$315$166$86$15
48 years$974$550$296$154$78$13
49 years$943$525$278$142$71$12
50 years$914$502$262$131$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $936,000, adding $4,759 every year, while hoping to spend $48,341 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: 51/25/24 Blend
50$936,000$936,000$936,000$936,000
51$1,036,381$986,773$972,265$1,082,054
52$1,090,657$983,690$953,401$1,111,145
53$1,148,850$978,837$932,286$1,137,457
54$1,211,307$972,074$908,791$1,165,079
55$1,278,410$963,256$882,786$1,194,154
56$1,350,580$952,227$854,132$1,224,844
57$1,428,277$938,824$822,683$1,257,328
58$1,512,007$922,873$788,289$1,291,809
59$1,602,327$904,188$750,791$1,328,510
60$1,699,845$882,574$710,024$1,367,683
61$1,805,234$857,826$665,815$1,409,608
62$1,919,231$829,722$617,982$1,454,597
63$2,042,647$798,032$566,339$1,502,998
64$2,176,372$762,511$510,686$1,555,200
65$2,321,386$722,898$450,818$1,611,632
66$2,478,767$678,920$386,520$1,672,777
67$2,649,699$630,285$317,567$1,739,168
68$2,835,487$576,687$243,724$1,811,399
69$3,037,564$517,802$164,746$1,890,130
70$3,257,508$453,287$80,377$1,976,096
71$3,497,055$382,779$0$2,070,109
72$3,758,114$305,895$0$2,175,550
73$4,042,790$222,232$0$2,313,073
74$4,353,394$131,361$0$2,463,262
75$4,692,475$32,832$0$2,627,429
76$5,062,835$0$0$2,807,026
77$5,467,562$0$0$3,023,965
78$5,910,053$0$0$3,271,113
79$6,394,049$0$0$3,541,539
80$6,923,670$0$0$3,837,557
81$7,503,451$0$0$4,161,714
82$8,138,387$0$0$4,516,816
83$8,833,978$0$0$4,905,953
84$9,596,282$0$0$5,332,528
85$10,431,970$0$0$5,800,287
86$11,348,390$0$0$6,313,358
87$12,353,634$0$0$6,876,288
88$13,456,615$0$0$7,494,085
89$14,667,152$0$0$8,172,264
90$15,996,060$0$0$8,916,901
91$17,455,251$0$0$9,734,690
92$19,057,849$0$0$10,633,003
93$20,818,311$0$0$11,619,964
94$22,752,561$0$0$12,704,521
95$24,878,144$0$0$13,896,530
96$27,214,388$0$0$15,206,854
97$29,782,588$0$0$16,647,456
98$32,606,202$0$0$18,231,518
99$35,711,078$0$0$19,973,565
100$39,125,690$0$0$21,889,597