Can I retire at age 51 with 953,000?

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 $953,000?

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$78,698$77,997$77,313$76,645$75,994$73,827
2 years$38,959$38,234$37,531$36,849$36,187$34,022
3 years$25,715$24,986$24,285$23,609$22,959$20,862
4 years$19,094$18,367$17,673$17,009$16,374$14,362
5 years$15,122$14,400$13,715$13,065$12,448$10,525
6 years$12,476$11,759$11,084$10,448$9,849$8,019
7 years$10,586$9,875$9,211$8,590$8,010$6,271
8 years$9,169$8,465$7,811$7,206$6,645$4,997
9 years$8,068$7,370$6,728$6,138$5,596$4,038
10 years$7,187$6,496$5,866$5,291$4,768$3,297
11 years$6,467$5,783$5,164$4,605$4,101$2,714
12 years$5,868$5,191$4,583$4,039$3,554$2,249
13 years$5,361$4,691$4,095$3,566$3,099$1,874
14 years$4,927$4,264$3,679$3,165$2,716$1,567
15 years$4,551$3,895$3,322$2,823$2,392$1,316
16 years$4,222$3,574$3,012$2,528$2,114$1,108
17 years$3,933$3,291$2,740$2,271$1,874$935
18 years$3,675$3,041$2,502$2,047$1,667$790
19 years$3,446$2,819$2,290$1,849$1,485$669
20 years$3,239$2,619$2,102$1,675$1,327$568
21 years$3,052$2,440$1,933$1,520$1,187$482
22 years$2,883$2,277$1,782$1,382$1,064$410
23 years$2,728$2,130$1,645$1,259$955$349
24 years$2,587$1,996$1,521$1,148$859$297
25 years$2,457$1,873$1,409$1,048$773$253
26 years$2,337$1,760$1,307$959$696$215
27 years$2,227$1,657$1,214$877$628$184
28 years$2,124$1,561$1,128$804$566$157
29 years$2,029$1,473$1,050$737$511$134
30 years$1,940$1,391$978$677$462$114
31 years$1,857$1,315$912$621$418$97
32 years$1,779$1,244$851$571$378$83
33 years$1,707$1,178$794$525$342$71
34 years$1,638$1,117$742$483$310$61
35 years$1,574$1,059$694$445$280$52
36 years$1,514$1,005$649$410$254$44
37 years$1,456$955$607$377$230$38
38 years$1,402$907$569$348$209$32
39 years$1,351$863$533$321$189$28
40 years$1,303$821$500$296$172$24
41 years$1,257$781$468$273$156$20
42 years$1,213$744$439$252$141$17
43 years$1,172$709$412$233$128$15
44 years$1,132$676$387$215$116$13
45 years$1,095$644$363$198$106$11
46 years$1,059$615$341$183$96$9
47 years$1,024$587$321$169$87$8
48 years$992$560$301$156$79$7
49 years$960$535$283$145$72$6
50 years$930$511$266$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $953,000, adding $3,976 every year, while hoping to spend $55,546 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: 53/33/14 Blend
50$953,000$953,000$953,000$953,000
51$1,054,307$1,003,798$989,027$1,106,059
52$1,102,746$993,884$963,059$1,131,895
53$1,154,264$981,622$934,359$1,153,727
54$1,209,116$966,839$902,777$1,176,221
55$1,267,583$949,351$868,157$1,199,455
56$1,329,970$928,962$830,334$1,223,515
57$1,396,613$905,468$789,136$1,248,502
58$1,467,879$878,648$744,384$1,274,529
59$1,544,173$848,271$695,891$1,301,725
60$1,625,935$814,093$643,460$1,330,235
61$1,713,651$775,854$586,886$1,360,222
62$1,807,853$733,280$525,956$1,391,873
63$1,909,125$686,082$460,447$1,425,394
64$2,018,108$633,952$390,124$1,461,023
65$2,135,506$576,567$314,745$1,499,021
66$2,262,093$513,584$234,054$1,539,686
67$2,398,718$444,641$147,786$1,583,350
68$2,546,314$369,356$55,664$1,630,387
69$2,705,907$287,323$0$1,681,212
70$2,878,625$198,117$0$1,742,665
71$3,065,706$101,286$0$1,818,185
72$3,268,513$0$0$1,900,079
73$3,488,545$0$0$1,990,371
74$3,727,450$0$0$2,128,420
75$3,987,040$0$0$2,278,504
76$4,269,309$0$0$2,441,786
77$4,576,450$0$0$2,619,545
78$4,910,878$0$0$2,813,189
79$5,275,247$0$0$3,024,268
80$5,672,481$0$0$3,254,488
81$6,105,796$0$0$3,505,725
82$6,578,733$0$0$3,780,045
83$7,095,190$0$0$4,079,723
84$7,659,456$0$0$4,407,263
85$8,276,254$0$0$4,765,421
86$8,950,786$0$0$5,157,233
87$9,688,775$0$0$5,586,041
88$10,496,528$0$0$6,055,524
89$11,380,985$0$0$6,569,735
90$12,349,792$0$0$7,133,137
91$13,411,368$0$0$7,750,645
92$14,574,984$0$0$8,427,671
93$15,850,852$0$0$9,170,177
94$17,250,220$0$0$9,984,730
95$18,785,473$0$0$10,878,561
96$20,470,259$0$0$11,859,639
97$22,319,605$0$0$12,936,737
98$24,350,069$0$0$14,119,523
99$26,579,886$0$0$15,418,645
100$29,029,147$0$0$16,845,834