Can I retire at age 51 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$78,533$77,833$77,151$76,485$75,834$73,941
2 years$38,878$38,154$37,452$36,771$36,111$34,216
3 years$25,661$24,934$24,234$23,560$22,911$21,072
4 years$19,054$18,329$17,636$16,974$16,340$14,573
5 years$15,091$14,370$13,686$13,037$12,421$10,730
6 years$12,449$11,734$11,061$10,426$9,829$8,215
7 years$10,564$9,854$9,191$8,572$7,993$6,458
8 years$9,150$8,447$7,795$7,191$6,631$5,173
9 years$8,051$7,355$6,714$6,125$5,584$4,203
10 years$7,172$6,483$5,853$5,280$4,758$3,451
11 years$6,454$5,771$5,153$4,595$4,092$2,858
12 years$5,855$5,180$4,573$4,030$3,546$2,382
13 years$5,350$4,681$4,086$3,558$3,092$1,996
14 years$4,916$4,255$3,671$3,159$2,711$1,680
15 years$4,541$3,887$3,315$2,817$2,387$1,420
16 years$4,213$3,566$3,005$2,522$2,109$1,203
17 years$3,924$3,284$2,735$2,266$1,870$1,022
18 years$3,668$3,035$2,496$2,042$1,663$870
19 years$3,438$2,813$2,285$1,845$1,482$742
20 years$3,232$2,614$2,097$1,671$1,324$633
21 years$3,046$2,435$1,929$1,517$1,185$541
22 years$2,877$2,273$1,778$1,379$1,062$463
23 years$2,723$2,126$1,642$1,256$953$397
24 years$2,581$1,992$1,518$1,146$857$340
25 years$2,452$1,869$1,406$1,046$771$292
26 years$2,332$1,756$1,304$957$695$251
27 years$2,222$1,653$1,211$876$626$215
28 years$2,120$1,558$1,126$802$565$185
29 years$2,024$1,469$1,048$736$510$159
30 years$1,936$1,388$976$675$461$137
31 years$1,853$1,312$910$620$417$118
32 years$1,776$1,241$849$570$377$101
33 years$1,703$1,176$793$524$341$87
34 years$1,635$1,114$741$482$309$75
35 years$1,571$1,057$692$444$280$64
36 years$1,510$1,003$648$409$254$55
37 years$1,453$953$606$377$230$48
38 years$1,399$905$568$347$208$41
39 years$1,348$861$532$320$189$35
40 years$1,300$819$499$295$171$30
41 years$1,254$780$467$272$155$26
42 years$1,211$743$438$251$141$23
43 years$1,169$707$411$232$128$19
44 years$1,130$674$386$214$116$17
45 years$1,092$643$363$198$105$14
46 years$1,057$613$341$183$96$12
47 years$1,022$585$320$169$87$11
48 years$990$559$301$156$79$9
49 years$958$534$283$144$72$8
50 years$929$510$266$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $951,000, adding $4,168 every year, while hoping to spend $28,082 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: 70/8/22 Blend
50$951,000$951,000$951,000$951,000
51$1,052,301$1,001,898$987,158$1,119,919
52$1,129,757$1,021,112$990,349$1,184,833
53$1,214,172$1,040,327$992,705$1,252,176
54$1,306,226$1,059,512$994,170$1,325,210
55$1,406,669$1,078,635$994,682$1,404,496
56$1,516,324$1,097,663$994,178$1,490,651
57$1,636,098$1,116,557$992,592$1,584,358
58$1,766,990$1,135,279$989,854$1,686,368
59$1,910,099$1,153,784$985,890$1,797,508
60$2,066,636$1,172,026$980,625$1,918,691
61$2,237,934$1,189,956$973,976$2,050,923
62$2,425,460$1,207,520$965,861$2,195,312
63$2,630,830$1,224,662$956,190$2,353,080
64$2,855,823$1,241,319$944,872$2,525,574
65$3,102,401$1,257,428$931,809$2,714,278
66$3,372,721$1,272,917$916,899$2,920,830
67$3,669,161$1,287,712$900,038$3,147,031
68$3,994,338$1,301,733$881,112$3,394,871
69$4,351,138$1,314,895$860,007$3,666,540
70$4,742,737$1,327,108$836,600$3,964,454
71$5,172,635$1,338,274$810,764$4,291,276
72$5,644,685$1,348,291$782,366$4,649,939
73$6,163,134$1,357,049$751,267$5,043,680
74$6,732,660$1,364,430$717,321$5,476,062
75$7,358,415$1,370,312$680,375$5,951,017
76$8,046,077$1,374,560$640,271$6,472,876
77$8,801,899$1,377,036$596,842$7,046,414
78$9,632,771$1,377,589$549,914$7,676,894
79$10,546,284$1,376,061$499,307$8,370,118
80$11,550,800$1,372,284$444,830$9,132,478
81$12,655,535$1,366,079$386,284$9,971,024
82$13,870,639$1,357,256$323,464$10,893,523
83$15,207,297$1,345,614$256,153$11,908,537
84$16,677,833$1,330,941$184,126$13,025,503
85$18,295,824$1,313,009$107,146$14,254,824
86$20,076,231$1,291,579$24,968$15,607,963
87$22,035,538$1,266,398$0$17,097,557
88$24,191,907$1,237,196$0$18,752,260
89$26,565,352$1,203,689$0$20,579,907
90$29,177,922$1,165,574$0$22,591,617
91$32,053,917$1,122,534$0$24,806,104
92$35,220,108$1,074,229$0$27,243,994
93$38,705,996$1,020,304$0$29,928,012
94$42,544,089$960,380$0$32,883,202
95$46,770,204$894,056$0$36,137,160
96$51,423,811$820,912$0$39,720,298
97$56,548,403$740,499$0$43,666,127
98$62,191,902$652,346$0$48,011,575
99$68,407,119$555,954$0$52,797,336
100$75,252,245$450,795$0$58,068,256