Can I retire at age 51 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$77,459$76,769$76,096$75,439$74,797$74,357
2 years$38,346$37,632$36,940$36,269$35,618$35,174
3 years$25,310$24,593$23,903$23,238$22,597$22,163
4 years$18,793$18,078$17,395$16,741$16,117$15,696
5 years$14,884$14,174$13,499$12,859$12,252$11,845
6 years$12,279$11,574$10,909$10,283$9,694$9,303
7 years$10,419$9,720$9,066$8,455$7,884$7,507
8 years$9,025$8,332$7,688$7,092$6,541$6,179
9 years$7,941$7,254$6,622$6,041$5,508$5,162
10 years$7,074$6,394$5,773$5,208$4,693$4,362
11 years$6,365$5,692$5,083$4,532$4,036$3,720
12 years$5,775$5,109$4,511$3,975$3,498$3,195
13 years$5,276$4,617$4,030$3,510$3,050$2,762
14 years$4,849$4,197$3,621$3,115$2,674$2,399
15 years$4,479$3,834$3,269$2,778$2,354$2,093
16 years$4,156$3,518$2,964$2,488$2,081$1,833
17 years$3,871$3,240$2,697$2,235$1,845$1,609
18 years$3,618$2,993$2,462$2,014$1,640$1,417
19 years$3,391$2,774$2,254$1,820$1,462$1,251
20 years$3,188$2,578$2,069$1,649$1,306$1,106
21 years$3,004$2,401$1,903$1,496$1,169$980
22 years$2,837$2,242$1,754$1,360$1,048$869
23 years$2,685$2,096$1,619$1,239$940$772
24 years$2,546$1,964$1,497$1,130$845$687
25 years$2,418$1,843$1,387$1,032$761$611
26 years$2,300$1,732$1,286$944$685$545
27 years$2,192$1,630$1,194$864$618$486
28 years$2,091$1,536$1,110$791$557$434
29 years$1,997$1,449$1,033$726$503$387
30 years$1,909$1,369$963$666$455$346
31 years$1,828$1,294$897$612$411$309
32 years$1,751$1,224$837$562$372$277
33 years$1,680$1,159$782$517$337$247
34 years$1,613$1,099$730$476$305$221
35 years$1,549$1,042$683$438$276$198
36 years$1,490$989$639$403$250$178
37 years$1,434$940$598$371$227$159
38 years$1,380$893$560$342$205$143
39 years$1,330$849$525$316$186$128
40 years$1,282$808$492$291$169$114
41 years$1,237$769$461$269$153$103
42 years$1,194$732$432$248$139$92
43 years$1,153$698$406$229$126$82
44 years$1,114$665$381$211$115$74
45 years$1,077$634$358$195$104$66
46 years$1,042$605$336$180$94$60
47 years$1,008$577$316$167$86$53
48 years$976$551$297$154$78$48
49 years$945$526$279$142$71$43
50 years$916$503$262$131$64$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $938,000, adding $4,323 every year, while hoping to spend $37,169 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: 88/6/6 Blend
50$938,000$938,000$938,000$938,000
51$1,038,135$988,421$973,882$1,128,921
52$1,104,477$997,306$966,960$1,197,555
53$1,176,341$1,005,381$958,560$1,267,351
54$1,254,249$1,012,566$948,593$1,342,859
55$1,338,779$1,018,778$936,967$1,424,628
56$1,430,564$1,023,928$923,585$1,513,261
57$1,530,300$1,027,919$908,344$1,609,421
58$1,638,754$1,030,651$891,137$1,713,839
59$1,756,771$1,032,016$871,854$1,827,319
60$1,885,277$1,031,901$850,377$1,950,747
61$2,025,295$1,030,183$826,583$2,085,098
62$2,177,947$1,026,735$800,346$2,231,446
63$2,344,471$1,021,418$771,531$2,390,974
64$2,526,229$1,014,089$739,999$2,564,984
65$2,724,718$1,004,593$705,603$2,754,912
66$2,941,589$992,768$668,190$2,962,337
67$3,178,658$978,440$627,601$3,189,000
68$3,437,924$961,427$583,669$3,436,818
69$3,721,588$941,533$536,218$3,707,904
70$4,032,077$918,554$485,068$4,004,585
71$4,372,057$892,272$430,026$4,329,424
72$4,744,470$862,457$370,896$4,685,245
73$5,152,553$828,864$307,467$5,075,159
74$5,599,871$791,236$239,525$5,502,595
75$6,090,351$749,300$166,842$5,971,330
76$6,628,318$702,766$89,182$6,485,524
77$7,218,534$651,330$6,298$7,049,764
78$7,866,248$594,668$0$7,669,101
79$8,577,239$532,440$0$8,354,362
80$9,357,872$464,285$0$9,107,194
81$10,215,161$389,821$0$9,933,969
82$11,156,832$308,647$0$10,842,155
83$12,191,394$220,336$0$11,839,977
84$13,328,224$124,440$0$12,936,499
85$14,577,649$20,484$0$14,141,709
86$15,951,049$0$0$15,466,609
87$17,460,960$0$0$16,929,400
88$19,121,193$0$0$18,539,316
89$20,946,966$0$0$20,309,762
90$22,955,042$0$0$22,256,995
91$25,163,894$0$0$24,398,930
92$27,593,874$0$0$26,755,300
93$30,267,404$0$0$29,347,852
94$33,209,191$0$0$32,200,546
95$36,446,458$0$0$35,339,779
96$40,009,198$0$0$38,794,639
97$43,930,462$0$0$42,597,177
98$48,246,666$0$0$46,782,706
99$52,997,933$0$0$51,390,138
100$58,228,479$0$0$56,462,350