Can I retire at age 51 with 955,000?

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 $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%11.3%
1 years$78,863$78,161$77,475$76,806$76,153$75,737
2 years$39,041$38,314$37,609$36,926$36,263$35,843
3 years$25,769$25,039$24,336$23,659$23,007$22,596
4 years$19,134$18,406$17,710$17,045$16,409$16,010
5 years$15,154$14,431$13,744$13,092$12,474$12,089
6 years$12,502$11,784$11,107$10,470$9,870$9,499
7 years$10,608$9,896$9,230$8,608$8,027$7,670
8 years$9,188$8,483$7,828$7,221$6,659$6,317
9 years$8,085$7,386$6,742$6,151$5,608$5,280
10 years$7,202$6,510$5,878$5,302$4,778$4,464
11 years$6,481$5,796$5,175$4,614$4,109$3,809
12 years$5,880$5,202$4,592$4,047$3,561$3,274
13 years$5,372$4,701$4,103$3,573$3,105$2,832
14 years$4,937$4,273$3,687$3,172$2,722$2,462
15 years$4,560$3,903$3,329$2,829$2,397$2,149
16 years$4,231$3,581$3,018$2,533$2,118$1,883
17 years$3,941$3,298$2,746$2,276$1,878$1,655
18 years$3,683$3,048$2,507$2,051$1,670$1,458
19 years$3,453$2,825$2,295$1,853$1,489$1,288
20 years$3,246$2,625$2,106$1,678$1,330$1,140
21 years$3,059$2,445$1,937$1,523$1,190$1,010
22 years$2,889$2,282$1,785$1,385$1,067$897
23 years$2,734$2,134$1,649$1,261$957$797
24 years$2,592$2,000$1,525$1,150$861$710
25 years$2,462$1,877$1,412$1,051$774$632
26 years$2,342$1,764$1,310$961$697$564
27 years$2,231$1,660$1,216$879$629$503
28 years$2,128$1,564$1,131$806$567$450
29 years$2,033$1,476$1,052$739$512$402
30 years$1,944$1,394$980$678$463$359
31 years$1,861$1,317$914$623$419$321
32 years$1,783$1,247$852$572$379$288
33 years$1,710$1,181$796$526$343$258
34 years$1,642$1,119$744$484$310$231
35 years$1,577$1,061$695$446$281$207
36 years$1,517$1,007$650$411$255$185
37 years$1,460$957$609$378$231$166
38 years$1,405$909$570$349$209$149
39 years$1,354$865$534$321$190$134
40 years$1,306$823$501$296$172$120
41 years$1,260$783$469$274$156$108
42 years$1,216$746$440$252$142$96
43 years$1,174$710$413$233$129$87
44 years$1,135$677$388$215$117$78
45 years$1,097$646$364$199$106$70
46 years$1,061$616$342$184$96$63
47 years$1,027$588$321$170$87$56
48 years$994$561$302$157$79$50
49 years$962$536$284$145$72$45
50 years$932$512$267$134$65$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $955,000, adding $2,922 every year, while hoping to spend $30,143 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: 39/38/23 Blend
50$955,000$955,000$955,000$955,000
51$1,055,424$1,004,809$990,007$1,089,267
52$1,131,005$1,021,973$991,100$1,131,172
53$1,213,286$1,038,967$991,220$1,173,404
54$1,302,917$1,055,752$990,301$1,218,467
55$1,400,615$1,072,285$988,277$1,266,636
56$1,507,170$1,088,519$985,076$1,318,215
57$1,623,449$1,104,405$980,625$1,373,539
58$1,750,410$1,119,889$974,844$1,432,980
59$1,889,103$1,134,916$967,653$1,496,949
60$2,040,688$1,149,423$958,966$1,565,898
61$2,206,440$1,163,346$948,693$1,640,329
62$2,387,763$1,176,617$936,741$1,720,795
63$2,586,204$1,189,159$923,010$1,807,908
64$2,803,464$1,200,896$907,398$1,902,343
65$3,041,419$1,211,741$889,798$2,004,848
66$3,302,134$1,221,607$870,096$2,116,247
67$3,587,882$1,230,396$848,175$2,237,452
68$3,901,167$1,238,007$823,910$2,369,468
69$4,244,749$1,244,331$797,173$2,513,407
70$4,621,664$1,249,254$767,829$2,670,498
71$5,035,258$1,252,652$735,737$2,842,096
72$5,489,219$1,254,396$700,748$3,029,697
73$5,987,604$1,254,347$662,708$3,234,956
74$6,534,887$1,252,358$621,456$3,459,696
75$7,135,995$1,248,272$576,824$3,705,935
76$7,796,353$1,241,924$528,635$3,975,895
77$8,521,942$1,233,139$476,704$4,272,033
78$9,319,347$1,221,730$420,841$4,597,059
79$10,195,824$1,207,499$360,843$4,953,967
80$11,159,369$1,190,236$296,501$5,346,058
81$12,218,787$1,169,720$227,597$5,776,976
82$13,383,782$1,145,716$153,900$6,250,746
83$14,665,045$1,117,973$75,174$6,771,804
84$16,074,355$1,086,229$0$7,345,049
85$17,624,689$1,050,204$0$7,978,056
86$19,330,346$1,009,603$0$8,694,446
87$21,207,080$964,112$0$9,482,397
88$23,272,249$913,400$0$10,349,238
89$25,544,980$857,118$0$11,303,048
90$28,046,347$794,896$0$12,352,736
91$30,799,570$726,342$0$13,508,126
92$33,830,235$651,042$0$14,780,048
93$37,166,536$568,560$0$16,180,445
94$40,839,536$478,432$0$17,722,482
95$44,883,465$380,172$0$19,420,676
96$49,336,042$273,264$0$21,291,031
97$54,238,827$157,163$0$23,351,191
98$59,637,617$31,293$0$25,620,609
99$65,582,877$0$0$28,120,731
100$72,130,212$0$0$30,919,084