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%17%
1 years$78,533$77,833$77,151$76,485$75,834$73,672
2 years$38,878$38,154$37,452$36,771$36,111$33,950
3 years$25,661$24,934$24,234$23,560$22,911$20,818
4 years$19,054$18,329$17,636$16,974$16,340$14,332
5 years$15,091$14,370$13,686$13,037$12,421$10,503
6 years$12,449$11,734$11,061$10,426$9,829$8,002
7 years$10,564$9,854$9,191$8,572$7,993$6,258
8 years$9,150$8,447$7,795$7,191$6,631$4,987
9 years$8,051$7,355$6,714$6,125$5,584$4,029
10 years$7,172$6,483$5,853$5,280$4,758$3,290
11 years$6,454$5,771$5,153$4,595$4,092$2,709
12 years$5,855$5,180$4,573$4,030$3,546$2,244
13 years$5,350$4,681$4,086$3,558$3,092$1,870
14 years$4,916$4,255$3,671$3,159$2,711$1,564
15 years$4,541$3,887$3,315$2,817$2,387$1,313
16 years$4,213$3,566$3,005$2,522$2,109$1,105
17 years$3,924$3,284$2,735$2,266$1,870$933
18 years$3,668$3,035$2,496$2,042$1,663$789
19 years$3,438$2,813$2,285$1,845$1,482$668
20 years$3,232$2,614$2,097$1,671$1,324$567
21 years$3,046$2,435$1,929$1,517$1,185$481
22 years$2,877$2,273$1,778$1,379$1,062$409
23 years$2,723$2,126$1,642$1,256$953$348
24 years$2,581$1,992$1,518$1,146$857$296
25 years$2,452$1,869$1,406$1,046$771$252
26 years$2,332$1,756$1,304$957$695$215
27 years$2,222$1,653$1,211$876$626$183
28 years$2,120$1,558$1,126$802$565$156
29 years$2,024$1,469$1,048$736$510$133
30 years$1,936$1,388$976$675$461$114
31 years$1,853$1,312$910$620$417$97
32 years$1,776$1,241$849$570$377$83
33 years$1,703$1,176$793$524$341$71
34 years$1,635$1,114$741$482$309$60
35 years$1,571$1,057$692$444$280$52
36 years$1,510$1,003$648$409$254$44
37 years$1,453$953$606$377$230$38
38 years$1,399$905$568$347$208$32
39 years$1,348$861$532$320$189$28
40 years$1,300$819$499$295$171$24
41 years$1,254$780$467$272$155$20
42 years$1,211$743$438$251$141$17
43 years$1,169$707$411$232$128$15
44 years$1,130$674$386$214$116$13
45 years$1,092$643$363$198$105$11
46 years$1,057$613$341$183$96$9
47 years$1,022$585$320$169$87$8
48 years$990$559$301$156$79$7
49 years$958$534$283$144$72$6
50 years$929$510$266$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $951,000, adding $3,154 every year, while hoping to spend $59,794 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: 47/41/12 Blend
50$951,000$951,000$951,000$951,000
51$1,051,255$1,000,852$986,112$1,097,007
52$1,094,863$986,274$955,526$1,114,348
53$1,140,915$968,977$921,912$1,126,736
54$1,189,596$948,765$885,104$1,138,842
55$1,241,111$925,431$844,932$1,150,659
56$1,295,681$898,754$801,214$1,162,186
57$1,353,549$868,500$753,762$1,173,425
58$1,414,979$834,425$702,381$1,184,382
59$1,480,260$796,265$646,865$1,195,071
60$1,549,711$753,746$586,998$1,205,510
61$1,623,677$706,575$522,558$1,215,726
62$1,702,538$654,444$453,310$1,225,752
63$1,786,711$597,025$379,010$1,235,636
64$1,876,650$533,974$299,401$1,245,431
65$1,972,855$464,926$214,218$1,255,208
66$2,075,874$389,495$123,182$1,265,049
67$2,186,307$307,274$26,003$1,275,056
68$2,304,814$217,834$0$1,285,345
69$2,432,116$120,719$0$1,306,008
70$2,569,008$15,450$0$1,331,459
71$2,716,360$0$0$1,358,597
72$2,875,130$0$0$1,432,118
73$3,046,368$0$0$1,519,012
74$3,231,229$0$0$1,612,906
75$3,430,980$0$0$1,714,454
76$3,647,016$0$0$1,824,376
77$3,880,869$0$0$1,943,465
78$4,134,224$0$0$2,072,589
79$4,408,933$0$0$2,212,708
80$4,707,031$0$0$2,364,874
81$5,030,760$0$0$2,530,244
82$5,382,584$0$0$2,710,092
83$5,765,211$0$0$2,905,821
84$6,181,626$0$0$3,118,972
85$6,635,108$0$0$3,351,242
86$7,129,268$0$0$3,604,499
87$7,668,080$0$0$3,880,798
88$8,255,917$0$0$4,182,402
89$8,897,593$0$0$4,511,801
90$9,598,406$0$0$4,871,737
91$10,364,190$0$0$5,265,228
92$11,201,367$0$0$5,695,597
93$12,117,006$0$0$6,166,503
94$13,118,893$0$0$6,681,975
95$14,215,601$0$0$7,246,449
96$15,416,567$0$0$7,864,812
97$16,732,188$0$0$8,542,443
98$18,173,911$0$0$9,285,269
99$19,754,344$0$0$10,099,815
100$21,487,371$0$0$10,993,269