Can I retire at age 51 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$78,450$77,751$77,070$76,404$75,754$73,773
2 years$38,837$38,113$37,412$36,733$36,073$34,091
3 years$25,634$24,908$24,208$23,535$22,887$20,965
4 years$19,034$18,310$17,617$16,956$16,323$14,477
5 years$15,075$14,355$13,672$13,024$12,408$10,643
6 years$12,436$11,722$11,049$10,415$9,818$8,135
7 years$10,552$9,844$9,182$8,563$7,985$6,384
8 years$9,140$8,438$7,787$7,183$6,624$5,105
9 years$8,042$7,347$6,707$6,118$5,579$4,140
10 years$7,165$6,476$5,847$5,274$4,753$3,393
11 years$6,447$5,765$5,148$4,590$4,088$2,804
12 years$5,849$5,175$4,568$4,026$3,543$2,333
13 years$5,344$4,676$4,082$3,554$3,089$1,951
14 years$4,911$4,251$3,667$3,155$2,708$1,639
15 years$4,536$3,883$3,311$2,814$2,384$1,382
16 years$4,209$3,563$3,002$2,520$2,107$1,168
17 years$3,920$3,281$2,732$2,264$1,868$990
18 years$3,664$3,032$2,494$2,040$1,661$841
19 years$3,435$2,810$2,283$1,843$1,481$715
20 years$3,229$2,611$2,095$1,670$1,323$610
21 years$3,043$2,432$1,927$1,515$1,184$520
22 years$2,874$2,270$1,776$1,378$1,061$444
23 years$2,720$2,123$1,640$1,255$952$380
24 years$2,579$1,989$1,517$1,144$856$325
25 years$2,449$1,867$1,405$1,045$770$278
26 years$2,330$1,755$1,303$956$694$238
27 years$2,220$1,651$1,210$875$626$204
28 years$2,117$1,556$1,125$801$564$175
29 years$2,022$1,468$1,047$735$510$150
30 years$1,934$1,386$975$674$461$128
31 years$1,851$1,311$909$619$416$110
32 years$1,774$1,240$848$569$377$95
33 years$1,701$1,174$792$523$341$81
34 years$1,633$1,113$740$482$309$70
35 years$1,569$1,056$692$443$280$60
36 years$1,509$1,002$647$408$253$51
37 years$1,452$952$606$376$230$44
38 years$1,398$904$567$347$208$38
39 years$1,347$860$531$320$189$32
40 years$1,299$818$498$295$171$28
41 years$1,253$779$467$272$155$24
42 years$1,209$742$438$251$141$21
43 years$1,168$707$411$232$128$18
44 years$1,129$674$386$214$116$15
45 years$1,091$642$362$198$105$13
46 years$1,055$613$340$183$96$11
47 years$1,021$585$320$169$87$10
48 years$989$558$300$156$79$8
49 years$957$533$282$144$72$7
50 years$928$509$265$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $950,000, adding $4,587 every year, while hoping to spend $21,793 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: 48/45/7 Blend
50$950,000$950,000$950,000$950,000
51$1,051,631$1,001,281$986,556$1,099,951
52$1,135,710$1,027,157$996,419$1,159,401
53$1,227,635$1,053,569$1,005,881$1,221,232
54$1,328,182$1,080,523$1,014,906$1,287,849
55$1,438,208$1,108,020$1,023,457$1,359,704
56$1,558,655$1,136,063$1,031,493$1,437,294
57$1,690,561$1,164,653$1,038,971$1,521,164
58$1,835,068$1,193,791$1,045,846$1,611,917
59$1,993,435$1,223,477$1,052,072$1,710,215
60$2,167,048$1,253,710$1,057,599$1,816,788
61$2,357,434$1,284,488$1,062,375$1,932,437
62$2,566,273$1,315,809$1,066,346$2,058,048
63$2,795,418$1,347,669$1,069,454$2,194,594
64$3,046,908$1,380,062$1,071,638$2,343,147
65$3,322,991$1,412,983$1,072,836$2,504,888
66$3,626,141$1,446,424$1,072,981$2,681,119
67$3,959,085$1,480,376$1,072,003$2,873,271
68$4,324,825$1,514,829$1,069,829$3,082,925
69$4,726,672$1,549,770$1,066,383$3,311,819
70$5,168,270$1,585,186$1,061,583$3,561,868
71$5,653,634$1,621,060$1,055,347$3,835,183
72$6,187,188$1,657,376$1,047,585$4,134,090
73$6,773,807$1,694,113$1,038,205$4,461,150
74$7,418,860$1,731,249$1,027,109$4,819,188
75$8,128,263$1,768,760$1,014,197$5,211,313
76$8,908,535$1,806,619$999,362$5,640,952
77$9,766,857$1,844,794$982,492$6,111,884
78$10,711,142$1,883,255$963,471$6,628,268
79$11,750,109$1,921,964$942,177$7,194,692
80$12,893,362$1,960,882$918,482$7,816,208
81$14,151,486$1,999,967$892,253$8,498,386
82$15,536,144$2,039,172$863,349$9,247,361
83$17,060,185$2,078,445$831,626$10,069,898
84$18,737,767$2,117,733$796,929$10,973,448
85$20,584,493$2,156,975$759,099$11,966,223
86$22,617,552$2,196,107$717,969$13,057,276
87$24,855,886$2,235,060$673,365$14,256,580
88$27,320,367$2,273,759$625,104$15,575,128
89$30,033,995$2,312,124$572,996$17,025,032
90$33,022,112$2,350,068$516,841$18,619,644
91$36,312,644$2,387,497$456,431$20,373,676
92$39,936,361$2,424,312$391,549$22,303,342
93$43,927,172$2,460,405$321,968$24,426,510
94$48,322,441$2,495,663$247,451$26,762,875
95$53,163,340$2,529,960$167,751$29,334,138
96$58,495,239$2,563,167$82,609$32,164,219
97$64,368,133$2,595,141$0$35,279,475
98$70,837,113$2,625,734$0$38,709,575
99$77,962,887$2,654,783$0$42,492,540
100$85,812,352$2,682,118$0$46,657,500