Can I retire at age 51 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$77,542$76,851$76,177$75,519$74,877$73,667
2 years$38,387$37,672$36,979$36,307$35,656$34,440
3 years$25,337$24,619$23,928$23,263$22,622$21,438
4 years$18,813$18,098$17,413$16,759$16,134$14,991
5 years$14,900$14,189$13,514$12,873$12,265$11,167
6 years$12,292$11,586$10,921$10,294$9,705$8,652
7 years$10,430$9,730$9,075$8,464$7,892$6,886
8 years$9,034$8,340$7,697$7,100$6,548$5,587
9 years$7,949$7,262$6,629$6,048$5,514$4,599
10 years$7,082$6,401$5,779$5,213$4,698$3,828
11 years$6,372$5,698$5,088$4,537$4,041$3,214
12 years$5,781$5,115$4,516$3,979$3,502$2,718
13 years$5,282$4,622$4,034$3,513$3,053$2,311
14 years$4,854$4,201$3,625$3,119$2,677$1,975
15 years$4,484$3,838$3,273$2,781$2,357$1,694
16 years$4,160$3,521$2,967$2,490$2,083$1,458
17 years$3,875$3,243$2,700$2,238$1,847$1,258
18 years$3,621$2,997$2,465$2,017$1,642$1,088
19 years$3,395$2,777$2,256$1,822$1,464$943
20 years$3,191$2,581$2,071$1,650$1,307$819
21 years$3,007$2,404$1,905$1,498$1,170$712
22 years$2,840$2,244$1,756$1,362$1,049$620
23 years$2,688$2,099$1,621$1,240$941$540
24 years$2,549$1,966$1,499$1,131$846$471
25 years$2,421$1,845$1,388$1,033$761$411
26 years$2,303$1,734$1,288$945$686$359
27 years$2,194$1,632$1,196$865$618$314
28 years$2,093$1,538$1,112$792$558$275
29 years$1,999$1,451$1,034$726$504$241
30 years$1,911$1,370$964$667$455$211
31 years$1,830$1,295$898$612$412$184
32 years$1,753$1,226$838$563$372$162
33 years$1,682$1,161$783$517$337$142
34 years$1,614$1,100$731$476$305$124
35 years$1,551$1,043$684$438$276$109
36 years$1,491$990$639$404$250$95
37 years$1,435$941$599$372$227$84
38 years$1,382$894$561$343$206$73
39 years$1,331$850$525$316$187$64
40 years$1,284$809$492$292$169$56
41 years$1,238$770$462$269$153$50
42 years$1,195$733$433$248$139$43
43 years$1,155$699$406$229$126$38
44 years$1,116$666$381$212$115$33
45 years$1,079$635$358$195$104$29
46 years$1,043$606$336$180$95$26
47 years$1,009$578$316$167$86$23
48 years$977$552$297$154$78$20
49 years$946$527$279$142$71$17
50 years$917$503$262$132$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $939,000, adding $5,493 every year, while hoping to spend $44,004 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: 31/50/19 Blend
50$939,000$939,000$939,000$939,000
51$1,040,444$990,677$976,123$1,066,369
52$1,099,749$992,400$962,003$1,088,040
53$1,163,629$992,733$945,935$1,106,974
54$1,232,503$991,561$927,808$1,126,423
55$1,306,833$988,762$907,504$1,146,459
56$1,387,126$984,208$884,902$1,167,163
57$1,473,940$977,761$859,872$1,188,628
58$1,567,886$969,275$832,282$1,210,961
59$1,669,638$958,597$801,992$1,234,284
60$1,779,937$945,564$768,854$1,258,736
61$1,899,596$930,002$732,716$1,284,473
62$2,029,510$911,728$693,417$1,311,675
63$2,170,664$890,547$650,791$1,340,542
64$2,324,142$866,254$604,663$1,371,303
65$2,491,135$838,630$554,849$1,404,214
66$2,672,954$807,446$501,160$1,439,566
67$2,871,041$772,457$443,395$1,477,685
68$3,086,985$733,406$381,347$1,518,936
69$3,322,533$690,018$314,797$1,563,730
70$3,579,609$642,006$243,520$1,612,529
71$3,860,328$589,063$167,277$1,665,850
72$4,167,022$530,868$85,821$1,724,271
73$4,502,257$467,079$0$1,788,438
74$4,868,856$397,335$0$1,859,300
75$5,269,931$321,256$0$1,956,021
76$5,708,906$238,440$0$2,062,143
77$6,189,552$148,461$0$2,178,732
78$6,716,022$50,870$0$2,306,969
79$7,292,887$0$0$2,448,169
80$7,925,186$0$0$2,633,943
81$8,618,465$0$0$2,868,467
82$9,378,833$0$0$3,125,837
83$10,213,019$0$0$3,408,350
84$11,128,435$0$0$3,718,534
85$12,133,244$0$0$4,059,178
86$13,236,439$0$0$4,433,349
87$14,447,927$0$0$4,844,430
88$15,778,620$0$0$5,296,147
89$17,240,539$0$0$5,792,602
90$18,846,928$0$0$6,338,317
91$20,612,375$0$0$6,938,274
92$22,552,955$0$0$7,597,960
93$24,686,375$0$0$8,323,422
94$27,032,143$0$0$9,121,320
95$29,611,754$0$0$9,998,995
96$32,448,889$0$0$10,964,532
97$35,569,639$0$0$12,026,842
98$39,002,751$0$0$13,195,741
99$42,779,898$0$0$14,482,047
100$46,935,979$0$0$15,897,675