Can I retire at age 51 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$78,863$78,161$77,475$76,806$76,153$74,799
2 years$39,041$38,314$37,609$36,926$36,263$34,904
3 years$25,769$25,039$24,336$23,659$23,007$21,684
4 years$19,134$18,406$17,710$17,045$16,409$15,133
5 years$15,154$14,431$13,744$13,092$12,474$11,249
6 years$12,502$11,784$11,107$10,470$9,870$8,697
7 years$10,608$9,896$9,230$8,608$8,027$6,906
8 years$9,188$8,483$7,828$7,221$6,659$5,591
9 years$8,085$7,386$6,742$6,151$5,608$4,591
10 years$7,202$6,510$5,878$5,302$4,778$3,812
11 years$6,481$5,796$5,175$4,614$4,109$3,193
12 years$5,880$5,202$4,592$4,047$3,561$2,693
13 years$5,372$4,701$4,103$3,573$3,105$2,284
14 years$4,937$4,273$3,687$3,172$2,722$1,946
15 years$4,560$3,903$3,329$2,829$2,397$1,665
16 years$4,231$3,581$3,018$2,533$2,118$1,429
17 years$3,941$3,298$2,746$2,276$1,878$1,229
18 years$3,683$3,048$2,507$2,051$1,670$1,060
19 years$3,453$2,825$2,295$1,853$1,489$916
20 years$3,246$2,625$2,106$1,678$1,330$793
21 years$3,059$2,445$1,937$1,523$1,190$688
22 years$2,889$2,282$1,785$1,385$1,067$597
23 years$2,734$2,134$1,649$1,261$957$518
24 years$2,592$2,000$1,525$1,150$861$451
25 years$2,462$1,877$1,412$1,051$774$392
26 years$2,342$1,764$1,310$961$697$342
27 years$2,231$1,660$1,216$879$629$298
28 years$2,128$1,564$1,131$806$567$260
29 years$2,033$1,476$1,052$739$512$226
30 years$1,944$1,394$980$678$463$198
31 years$1,861$1,317$914$623$419$172
32 years$1,783$1,247$852$572$379$151
33 years$1,710$1,181$796$526$343$132
34 years$1,642$1,119$744$484$310$115
35 years$1,577$1,061$695$446$281$100
36 years$1,517$1,007$650$411$255$88
37 years$1,460$957$609$378$231$77
38 years$1,405$909$570$349$209$67
39 years$1,354$865$534$321$190$59
40 years$1,306$823$501$296$172$51
41 years$1,260$783$469$274$156$45
42 years$1,216$746$440$252$142$39
43 years$1,174$710$413$233$129$34
44 years$1,135$677$388$215$117$30
45 years$1,097$646$364$199$106$26
46 years$1,061$616$342$184$96$23
47 years$1,027$588$321$170$87$20
48 years$994$561$302$157$79$18
49 years$962$536$284$145$72$15
50 years$932$512$267$134$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $955,000, adding $4,760 every year, while hoping to spend $33,086 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: 58/33/9 Blend
50$955,000$955,000$955,000$955,000
51$1,057,320$1,006,705$991,902$1,116,165
52$1,129,963$1,020,830$989,928$1,170,444
53$1,208,907$1,034,539$986,778$1,225,442
54$1,294,760$1,047,775$982,379$1,284,578
55$1,388,190$1,060,480$976,653$1,348,252
56$1,489,932$1,072,591$969,518$1,416,906
57$1,600,797$1,084,040$960,889$1,491,025
58$1,721,675$1,094,754$950,676$1,571,146
59$1,853,547$1,104,659$938,784$1,657,861
60$1,997,492$1,113,670$925,117$1,751,821
61$2,154,699$1,121,702$909,571$1,853,747
62$2,326,474$1,128,662$892,038$1,964,432
63$2,514,259$1,134,451$872,405$2,084,752
64$2,719,638$1,138,963$850,555$2,215,674
65$2,944,356$1,142,088$826,364$2,358,263
66$3,190,336$1,143,706$799,703$2,513,694
67$3,459,695$1,143,692$770,437$2,683,264
68$3,754,762$1,141,911$738,425$2,868,404
69$4,078,105$1,138,222$703,520$3,070,690
70$4,432,550$1,132,473$665,566$3,291,864
71$4,821,210$1,124,504$624,402$3,533,845
72$5,247,515$1,114,146$579,861$3,798,750
73$5,715,241$1,101,219$531,766$4,088,914
74$6,228,548$1,085,531$479,932$4,406,914
75$6,792,018$1,066,880$424,169$4,755,591
76$7,410,699$1,045,053$364,274$5,138,077
77$8,090,152$1,019,822$300,038$5,557,830
78$8,836,501$990,947$231,243$6,018,660
79$9,656,494$958,173$157,660$6,524,772
80$10,557,564$921,231$79,049$7,080,801
81$11,547,901$879,837$0$7,691,859
82$12,636,526$833,688$0$8,364,050
83$13,833,380$782,466$0$9,111,259
84$15,149,412$725,835$0$9,932,767
85$16,596,688$663,436$0$10,836,164
86$18,188,500$594,895$0$11,829,814
87$19,939,494$519,811$0$12,922,941
88$21,865,805$437,766$0$14,125,712
89$23,985,214$348,313$0$15,449,338
90$26,317,309$250,984$0$16,906,176
91$28,883,675$145,282$0$18,509,851
92$31,708,092$30,683$0$20,275,380
93$34,816,767$0$0$22,219,323
94$38,238,571$0$0$24,393,834
95$42,005,319$0$0$26,799,917
96$46,152,068$0$0$29,448,834
97$50,717,445$0$0$32,365,275
98$55,744,013$0$0$35,576,440
99$61,278,673$0$0$39,112,307
100$67,373,104$0$0$43,005,905