Can I retire at age 51 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$78,615$77,915$77,232$76,565$75,914$74,472
2 years$38,918$38,194$37,491$36,810$36,149$34,703
3 years$25,688$24,960$24,259$23,585$22,935$21,528
4 years$19,074$18,348$17,655$16,991$16,357$15,001
5 years$15,107$14,385$13,701$13,051$12,434$11,133
6 years$12,463$11,747$11,072$10,437$9,839$8,594
7 years$10,575$9,865$9,201$8,581$8,002$6,813
8 years$9,159$8,456$7,803$7,198$6,638$5,505
9 years$8,059$7,362$6,721$6,131$5,590$4,513
10 years$7,180$6,490$5,859$5,285$4,763$3,740
11 years$6,460$5,777$5,159$4,600$4,097$3,127
12 years$5,862$5,185$4,578$4,035$3,550$2,632
13 years$5,355$4,686$4,090$3,562$3,096$2,228
14 years$4,921$4,260$3,675$3,162$2,714$1,895
15 years$4,546$3,891$3,318$2,820$2,389$1,617
16 years$4,218$3,570$3,008$2,525$2,112$1,385
17 years$3,928$3,288$2,737$2,269$1,872$1,189
18 years$3,671$3,038$2,499$2,044$1,665$1,024
19 years$3,442$2,816$2,288$1,847$1,484$883
20 years$3,236$2,617$2,100$1,673$1,325$762
21 years$3,049$2,437$1,931$1,518$1,186$659
22 years$2,880$2,275$1,780$1,381$1,063$571
23 years$2,725$2,128$1,643$1,257$954$495
24 years$2,584$1,994$1,520$1,147$858$429
25 years$2,454$1,871$1,408$1,047$772$373
26 years$2,335$1,758$1,306$958$695$324
27 years$2,224$1,655$1,212$877$627$281
28 years$2,122$1,559$1,127$803$566$245
29 years$2,027$1,471$1,049$736$511$213
30 years$1,938$1,389$977$676$461$185
31 years$1,855$1,313$911$621$417$161
32 years$1,778$1,243$850$570$377$141
33 years$1,705$1,177$793$525$342$122
34 years$1,637$1,115$741$483$309$107
35 years$1,572$1,058$693$444$280$93
36 years$1,512$1,004$648$409$254$81
37 years$1,455$954$607$377$230$71
38 years$1,401$906$568$348$209$62
39 years$1,350$862$532$320$189$54
40 years$1,302$820$499$296$172$47
41 years$1,256$781$468$273$156$41
42 years$1,212$743$439$252$141$36
43 years$1,171$708$412$232$128$31
44 years$1,131$675$387$214$116$27
45 years$1,094$644$363$198$106$24
46 years$1,058$614$341$183$96$21
47 years$1,023$586$320$169$87$18
48 years$991$559$301$156$79$16
49 years$959$534$283$144$72$14
50 years$929$510$266$133$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $952,000, adding $3,168 every year, while hoping to spend $57,819 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: 47/48/5 Blend
50$952,000$952,000$952,000$952,000
51$1,052,372$1,001,916$987,160$1,100,323
52$1,098,195$989,491$958,711$1,121,068
53$1,146,754$974,519$927,371$1,137,202
54$1,198,267$956,815$892,982$1,153,338
55$1,252,973$936,181$855,379$1,169,490
56$1,311,131$912,410$814,390$1,185,681
57$1,373,029$885,279$769,834$1,201,937
58$1,438,977$854,557$721,522$1,218,294
59$1,509,317$819,995$669,258$1,234,794
60$1,584,424$781,332$612,835$1,251,487
61$1,664,709$738,291$552,039$1,268,438
62$1,750,621$690,579$486,644$1,285,719
63$1,842,654$637,886$416,416$1,303,419
64$1,941,348$579,886$341,109$1,321,641
65$2,047,297$516,232$260,468$1,340,504
66$2,161,153$446,560$174,226$1,360,148
67$2,283,631$370,481$82,102$1,380,736
68$2,415,516$287,589$0$1,402,453
69$2,557,671$197,453$0$1,426,378
70$2,711,041$99,617$0$1,456,623
71$2,876,670$0$0$1,489,099
72$3,055,698$0$0$1,527,525
73$3,249,385$0$0$1,626,106
74$3,459,110$0$0$1,732,939
75$3,686,394$0$0$1,848,810
76$3,932,906$0$0$1,974,582
77$4,200,483$0$0$2,111,205
78$4,491,145$0$0$2,259,722
79$4,807,114$0$0$2,421,283
80$5,150,835$0$0$2,597,151
81$5,524,998$0$0$2,788,719
82$5,932,561$0$0$2,997,516
83$6,376,783$0$0$3,225,228
84$6,861,247$0$0$3,473,708
85$7,389,898$0$0$3,744,997
86$7,967,079$0$0$4,041,342
87$8,597,569$0$0$4,365,217
88$9,286,633$0$0$4,719,345
89$10,040,062$0$0$5,106,723
90$10,864,235$0$0$5,530,652
91$11,766,178$0$0$5,994,769
92$12,753,622$0$0$6,503,075
93$13,835,086$0$0$7,059,978
94$15,019,948$0$0$7,670,334
95$16,318,537$0$0$8,339,488
96$17,742,229$0$0$9,073,330
97$19,303,552$0$0$9,878,345
98$21,016,305$0$0$10,761,677
99$22,895,689$0$0$11,731,195
100$24,958,446$0$0$12,795,566