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%17.4%
1 years$78,615$77,915$77,232$76,565$75,914$73,631
2 years$38,918$38,194$37,491$36,810$36,149$33,869
3 years$25,688$24,960$24,259$23,585$22,935$20,728
4 years$19,074$18,348$17,655$16,991$16,357$14,241
5 years$15,107$14,385$13,701$13,051$12,434$10,415
6 years$12,463$11,747$11,072$10,437$9,839$7,917
7 years$10,575$9,865$9,201$8,581$8,002$6,178
8 years$9,159$8,456$7,803$7,198$6,638$4,911
9 years$8,059$7,362$6,721$6,131$5,590$3,958
10 years$7,180$6,490$5,859$5,285$4,763$3,224
11 years$6,460$5,777$5,159$4,600$4,097$2,648
12 years$5,862$5,185$4,578$4,035$3,550$2,188
13 years$5,355$4,686$4,090$3,562$3,096$1,818
14 years$4,921$4,260$3,675$3,162$2,714$1,517
15 years$4,546$3,891$3,318$2,820$2,389$1,269
16 years$4,218$3,570$3,008$2,525$2,112$1,066
17 years$3,928$3,288$2,737$2,269$1,872$897
18 years$3,671$3,038$2,499$2,044$1,665$756
19 years$3,442$2,816$2,288$1,847$1,484$638
20 years$3,236$2,617$2,100$1,673$1,325$540
21 years$3,049$2,437$1,931$1,518$1,186$457
22 years$2,880$2,275$1,780$1,381$1,063$387
23 years$2,725$2,128$1,643$1,257$954$328
24 years$2,584$1,994$1,520$1,147$858$279
25 years$2,454$1,871$1,408$1,047$772$237
26 years$2,335$1,758$1,306$958$695$201
27 years$2,224$1,655$1,212$877$627$171
28 years$2,122$1,559$1,127$803$566$145
29 years$2,027$1,471$1,049$736$511$123
30 years$1,938$1,389$977$676$461$105
31 years$1,855$1,313$911$621$417$89
32 years$1,778$1,243$850$570$377$76
33 years$1,705$1,177$793$525$342$65
34 years$1,637$1,115$741$483$309$55
35 years$1,572$1,058$693$444$280$47
36 years$1,512$1,004$648$409$254$40
37 years$1,455$954$607$377$230$34
38 years$1,401$906$568$348$209$29
39 years$1,350$862$532$320$189$25
40 years$1,302$820$499$296$172$21
41 years$1,256$781$468$273$156$18
42 years$1,212$743$439$252$141$15
43 years$1,171$708$412$232$128$13
44 years$1,131$675$387$214$116$11
45 years$1,094$644$363$198$106$9
46 years$1,058$614$341$183$96$8
47 years$1,023$586$320$169$87$7
48 years$991$559$301$156$79$6
49 years$959$534$283$144$72$5
50 years$929$510$266$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $952,000, adding $5,963 every year, while hoping to spend $54,243 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: 55/19/26 Blend
50$952,000$952,000$952,000$952,000
51$1,055,255$1,004,799$990,043$1,105,435
52$1,105,177$996,320$965,495$1,132,140
53$1,158,373$985,607$938,307$1,155,076
54$1,215,119$972,495$908,333$1,178,941
55$1,275,720$956,805$875,420$1,203,844
56$1,340,506$938,352$839,410$1,229,904
57$1,409,843$916,936$800,135$1,257,260
58$1,484,128$892,348$757,422$1,286,064
59$1,563,802$864,365$711,087$1,316,488
60$1,649,343$832,752$660,942$1,348,727
61$1,741,279$797,260$606,787$1,382,996
62$1,840,190$757,626$548,415$1,419,539
63$1,946,710$713,571$485,607$1,458,627
64$2,061,538$664,800$418,139$1,500,564
65$2,185,441$611,001$345,773$1,545,689
66$2,319,262$551,845$268,262$1,594,381
67$2,463,925$486,985$185,347$1,647,063
68$2,620,450$416,051$96,761$1,704,205
69$2,789,954$338,656$2,220$1,766,333
70$2,973,667$254,387$0$1,834,031
71$3,172,941$162,813$0$1,935,325
72$3,389,265$63,474$0$2,046,002
73$3,624,273$0$0$2,166,339
74$3,879,765$0$0$2,306,548
75$4,157,720$0$0$2,473,600
76$4,460,317$0$0$2,655,543
77$4,789,951$0$0$2,853,827
78$5,149,261$0$0$3,070,049
79$5,541,148$0$0$3,305,968
80$5,968,808$0$0$3,563,518
81$6,435,756$0$0$3,844,829
82$6,945,865$0$0$4,152,246
83$7,503,395$0$0$4,488,349
84$8,113,038$0$0$4,855,981
85$8,779,959$0$0$5,258,270
86$9,509,848$0$0$5,698,663
87$10,308,967$0$0$6,180,953
88$11,184,214$0$0$6,709,320
89$12,143,182$0$0$7,288,364
90$13,194,239$0$0$7,923,153
91$14,346,595$0$0$8,619,269
92$15,610,398$0$0$9,382,860
93$16,996,823$0$0$10,220,696
94$18,518,179$0$0$11,140,236
95$20,188,026$0$0$12,149,696
96$22,021,298$0$0$13,258,124
97$24,034,448$0$0$14,475,492
98$26,245,600$0$0$15,812,779
99$28,674,717$0$0$17,282,085
100$31,343,794$0$0$18,896,736