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%
1 years$78,863$78,161$77,475$76,806$76,153$74,891
2 years$39,041$38,314$37,609$36,926$36,263$34,996
3 years$25,769$25,039$24,336$23,659$23,007$21,773
4 years$19,134$18,406$17,710$17,045$16,409$15,218
5 years$15,154$14,431$13,744$13,092$12,474$11,330
6 years$12,502$11,784$11,107$10,470$9,870$8,774
7 years$10,608$9,896$9,230$8,608$8,027$6,979
8 years$9,188$8,483$7,828$7,221$6,659$5,660
9 years$8,085$7,386$6,742$6,151$5,608$4,656
10 years$7,202$6,510$5,878$5,302$4,778$3,873
11 years$6,481$5,796$5,175$4,614$4,109$3,250
12 years$5,880$5,202$4,592$4,047$3,561$2,746
13 years$5,372$4,701$4,103$3,573$3,105$2,334
14 years$4,937$4,273$3,687$3,172$2,722$1,993
15 years$4,560$3,903$3,329$2,829$2,397$1,708
16 years$4,231$3,581$3,018$2,533$2,118$1,469
17 years$3,941$3,298$2,746$2,276$1,878$1,267
18 years$3,683$3,048$2,507$2,051$1,670$1,095
19 years$3,453$2,825$2,295$1,853$1,489$948
20 years$3,246$2,625$2,106$1,678$1,330$823
21 years$3,059$2,445$1,937$1,523$1,190$715
22 years$2,889$2,282$1,785$1,385$1,067$622
23 years$2,734$2,134$1,649$1,261$957$542
24 years$2,592$2,000$1,525$1,150$861$472
25 years$2,462$1,877$1,412$1,051$774$412
26 years$2,342$1,764$1,310$961$697$359
27 years$2,231$1,660$1,216$879$629$314
28 years$2,128$1,564$1,131$806$567$274
29 years$2,033$1,476$1,052$739$512$240
30 years$1,944$1,394$980$678$463$210
31 years$1,861$1,317$914$623$419$184
32 years$1,783$1,247$852$572$379$161
33 years$1,710$1,181$796$526$343$141
34 years$1,642$1,119$744$484$310$123
35 years$1,577$1,061$695$446$281$108
36 years$1,517$1,007$650$411$255$95
37 years$1,460$957$609$378$231$83
38 years$1,405$909$570$349$209$73
39 years$1,354$865$534$321$190$64
40 years$1,306$823$501$296$172$56
41 years$1,260$783$469$274$156$49
42 years$1,216$746$440$252$142$43
43 years$1,174$710$413$233$129$38
44 years$1,135$677$388$215$117$33
45 years$1,097$646$364$199$106$29
46 years$1,061$616$342$184$96$25
47 years$1,027$588$321$170$87$22
48 years$994$561$302$157$79$19
49 years$962$536$284$145$72$17
50 years$932$512$267$134$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $955,000, adding $4,489 every year, while hoping to spend $43,648 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: 30/49/21 Blend
50$955,000$955,000$955,000$955,000
51$1,057,040$1,006,425$991,623$1,081,702
52$1,118,417$1,009,299$978,401$1,103,749
53$1,184,592$1,010,851$963,274$1,123,231
54$1,256,007$1,010,969$946,130$1,143,274
55$1,333,151$1,009,537$926,856$1,163,954
56$1,416,557$1,006,430$905,331$1,185,358
57$1,506,814$1,001,514$881,428$1,207,585
58$1,604,570$994,648$855,016$1,230,747
59$1,710,535$985,685$825,958$1,254,973
60$1,825,490$974,464$794,108$1,280,410
61$1,950,296$960,819$759,317$1,307,221
62$2,085,898$944,571$721,426$1,335,595
63$2,233,337$925,532$680,271$1,365,744
64$2,393,757$903,503$635,680$1,397,904
65$2,568,418$878,271$587,472$1,432,346
66$2,758,704$849,615$535,460$1,469,371
67$2,966,141$817,295$479,448$1,509,320
68$3,192,408$781,063$419,229$1,552,574
69$3,439,350$740,652$354,591$1,599,561
70$3,709,003$695,783$285,308$1,650,761
71$4,003,603$646,158$211,148$1,706,710
72$4,325,616$591,465$131,867$1,768,010
73$4,677,754$531,371$47,209$1,835,333
74$5,063,003$465,528$0$1,909,427
75$5,484,654$393,563$0$2,000,795
76$5,946,328$315,087$0$2,112,623
77$6,452,014$229,686$0$2,235,427
78$7,006,103$136,924$0$2,370,435
79$7,613,432$36,340$0$2,519,007
80$8,279,329$0$0$2,682,656
81$9,009,661$0$0$2,902,176
82$9,810,892$0$0$3,164,656
83$10,690,138$0$0$3,452,851
84$11,655,242$0$0$3,769,353
85$12,714,839$0$0$4,117,015
86$13,878,445$0$0$4,498,977
87$15,156,539$0$0$4,918,704
88$16,560,667$0$0$5,380,010
89$18,103,548$0$0$5,887,095
90$19,799,195$0$0$6,444,591
91$21,663,043$0$0$7,057,597
92$23,712,101$0$0$7,731,733
93$25,965,104$0$0$8,473,190
94$28,442,697$0$0$9,288,790
95$31,167,622$0$0$10,186,047
96$34,164,938$0$0$11,173,244
97$37,462,254$0$0$12,259,504
98$41,089,990$0$0$13,454,880
99$45,081,663$0$0$14,770,448
100$49,474,202$0$0$16,218,415