Can I retire at age 51 with 953,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$78,698$77,997$77,313$76,645$75,994$73,239
2 years$38,959$38,234$37,531$36,849$36,187$33,442
3 years$25,715$24,986$24,285$23,609$22,959$20,310
4 years$19,094$18,367$17,673$17,009$16,374$13,842
5 years$15,122$14,400$13,715$13,065$12,448$10,037
6 years$12,476$11,759$11,084$10,448$9,849$7,564
7 years$10,586$9,875$9,211$8,590$8,010$5,848
8 years$9,169$8,465$7,811$7,206$6,645$4,606
9 years$8,068$7,370$6,728$6,138$5,596$3,676
10 years$7,187$6,496$5,866$5,291$4,768$2,964
11 years$6,467$5,783$5,164$4,605$4,101$2,409
12 years$5,868$5,191$4,583$4,039$3,554$1,970
13 years$5,361$4,691$4,095$3,566$3,099$1,619
14 years$4,927$4,264$3,679$3,165$2,716$1,335
15 years$4,551$3,895$3,322$2,823$2,392$1,105
16 years$4,222$3,574$3,012$2,528$2,114$917
17 years$3,933$3,291$2,740$2,271$1,874$763
18 years$3,675$3,041$2,502$2,047$1,667$635
19 years$3,446$2,819$2,290$1,849$1,485$530
20 years$3,239$2,619$2,102$1,675$1,327$443
21 years$3,052$2,440$1,933$1,520$1,187$370
22 years$2,883$2,277$1,782$1,382$1,064$310
23 years$2,728$2,130$1,645$1,259$955$259
24 years$2,587$1,996$1,521$1,148$859$217
25 years$2,457$1,873$1,409$1,048$773$182
26 years$2,337$1,760$1,307$959$696$153
27 years$2,227$1,657$1,214$877$628$128
28 years$2,124$1,561$1,128$804$566$108
29 years$2,029$1,473$1,050$737$511$90
30 years$1,940$1,391$978$677$462$76
31 years$1,857$1,315$912$621$418$64
32 years$1,779$1,244$851$571$378$53
33 years$1,707$1,178$794$525$342$45
34 years$1,638$1,117$742$483$310$38
35 years$1,574$1,059$694$445$280$32
36 years$1,514$1,005$649$410$254$27
37 years$1,456$955$607$377$230$22
38 years$1,402$907$569$348$209$19
39 years$1,351$863$533$321$189$16
40 years$1,303$821$500$296$172$13
41 years$1,257$781$468$273$156$11
42 years$1,213$744$439$252$141$9
43 years$1,172$709$412$233$128$8
44 years$1,132$676$387$215$116$7
45 years$1,095$644$363$198$106$6
46 years$1,059$615$341$183$96$5
47 years$1,024$587$321$169$87$4
48 years$992$560$301$156$79$3
49 years$960$535$283$145$72$3
50 years$930$511$266$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $953,000, adding $5,290 every year, while hoping to spend $28,437 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: 74/14/12 Blend
50$953,000$953,000$953,000$953,000
51$1,055,663$1,005,154$990,382$1,130,845
52$1,133,083$1,024,149$993,303$1,200,216
53$1,217,448$1,043,123$995,369$1,272,139
54$1,309,435$1,062,043$996,521$1,350,158
55$1,409,790$1,080,876$996,697$1,434,871
56$1,519,336$1,099,586$995,834$1,526,935
57$1,638,976$1,118,134$993,862$1,627,071
58$1,769,707$1,136,477$990,711$1,736,079
59$1,912,624$1,154,572$986,307$1,854,835
60$2,068,934$1,172,368$980,571$1,984,308
61$2,239,967$1,189,816$973,422$2,125,563
62$2,427,185$1,206,858$964,773$2,279,774
63$2,632,199$1,223,436$954,535$2,448,237
64$2,856,785$1,239,486$942,613$2,632,376
65$3,102,895$1,254,939$928,909$2,833,763
66$3,372,683$1,269,723$913,319$3,054,130
67$3,668,517$1,283,760$895,736$3,295,385
68$3,993,009$1,296,967$876,046$3,559,630
69$4,349,033$1,309,256$854,131$3,849,183
70$4,739,757$1,320,532$829,867$4,166,597
71$5,168,670$1,330,696$803,125$4,514,687
72$5,639,613$1,339,639$773,769$4,896,553
73$6,156,821$1,347,248$741,657$5,315,613
74$6,724,955$1,353,402$706,641$5,775,634
75$7,349,154$1,357,972$668,567$6,280,768
76$8,035,075$1,360,820$627,272$6,835,588
77$8,788,955$1,361,803$582,588$7,445,138
78$9,617,661$1,360,763$534,337$8,114,973
79$10,528,760$1,357,538$482,335$8,851,217
80$11,530,589$1,351,953$426,389$9,660,620
81$12,632,334$1,343,824$366,297$10,550,621
82$13,844,114$1,332,953$301,850$11,529,416
83$15,177,078$1,319,132$232,827$12,606,041
84$16,643,512$1,302,142$158,999$13,790,452
85$18,256,952$1,281,748$80,126$15,093,625
86$20,032,309$1,257,702$0$16,527,653
87$21,986,018$1,229,743$0$18,106,384
88$24,136,183$1,197,591$0$19,854,972
89$26,502,753$1,160,953$0$21,779,373
90$29,107,712$1,119,517$0$23,897,466
91$31,975,279$1,072,954$0$26,228,955
92$35,132,143$1,020,914$0$28,795,551
93$38,607,711$963,029$0$31,621,183
94$42,434,389$898,909$0$34,732,217
95$46,647,882$828,140$0$38,157,711
96$51,287,534$750,287$0$41,929,685
97$56,396,700$664,889$0$46,083,426
98$62,023,152$571,458$0$50,657,819
99$68,219,534$469,479$0$55,695,718
100$75,043,852$358,410$0$61,244,347