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%19.6%
1 years$78,863$78,161$77,475$76,806$76,153$73,218
2 years$39,041$38,314$37,609$36,926$36,263$33,342
3 years$25,769$25,039$24,336$23,659$23,007$20,190
4 years$19,134$18,406$17,710$17,045$16,409$13,719
5 years$15,154$14,431$13,744$13,092$12,474$9,917
6 years$12,502$11,784$11,107$10,470$9,870$7,448
7 years$10,608$9,896$9,230$8,608$8,027$5,739
8 years$9,188$8,483$7,828$7,221$6,659$4,504
9 years$8,085$7,386$6,742$6,151$5,608$3,581
10 years$7,202$6,510$5,878$5,302$4,778$2,877
11 years$6,481$5,796$5,175$4,614$4,109$2,329
12 years$5,880$5,202$4,592$4,047$3,561$1,897
13 years$5,372$4,701$4,103$3,573$3,105$1,552
14 years$4,937$4,273$3,687$3,172$2,722$1,275
15 years$4,560$3,903$3,329$2,829$2,397$1,051
16 years$4,231$3,581$3,018$2,533$2,118$868
17 years$3,941$3,298$2,746$2,276$1,878$719
18 years$3,683$3,048$2,507$2,051$1,670$596
19 years$3,453$2,825$2,295$1,853$1,489$495
20 years$3,246$2,625$2,106$1,678$1,330$412
21 years$3,059$2,445$1,937$1,523$1,190$343
22 years$2,889$2,282$1,785$1,385$1,067$285
23 years$2,734$2,134$1,649$1,261$957$238
24 years$2,592$2,000$1,525$1,150$861$198
25 years$2,462$1,877$1,412$1,051$774$165
26 years$2,342$1,764$1,310$961$697$138
27 years$2,231$1,660$1,216$879$629$115
28 years$2,128$1,564$1,131$806$567$96
29 years$2,033$1,476$1,052$739$512$80
30 years$1,944$1,394$980$678$463$67
31 years$1,861$1,317$914$623$419$56
32 years$1,783$1,247$852$572$379$47
33 years$1,710$1,181$796$526$343$39
34 years$1,642$1,119$744$484$310$33
35 years$1,577$1,061$695$446$281$27
36 years$1,517$1,007$650$411$255$23
37 years$1,460$957$609$378$231$19
38 years$1,405$909$570$349$209$16
39 years$1,354$865$534$321$190$13
40 years$1,306$823$501$296$172$11
41 years$1,260$783$469$274$156$9
42 years$1,216$746$440$252$142$8
43 years$1,174$710$413$233$129$7
44 years$1,135$677$388$215$117$5
45 years$1,097$646$364$199$106$5
46 years$1,061$616$342$184$96$4
47 years$1,027$588$321$170$87$3
48 years$994$561$302$157$79$3
49 years$962$536$284$145$72$2
50 years$932$512$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $955,000, adding $5,989 every year, while hoping to spend $28,838 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: 55/25/20 Blend
50$955,000$955,000$955,000$955,000
51$1,058,588$1,007,973$993,170$1,110,775
52$1,135,880$1,026,680$995,758$1,165,830
53$1,220,090$1,045,337$997,466$1,222,188
54$1,311,892$1,063,912$998,234$1,282,934
55$1,412,030$1,082,368$998,000$1,348,496
56$1,521,321$1,100,668$996,697$1,419,347
57$1,640,666$1,118,771$994,256$1,496,007
58$1,771,055$1,136,632$990,604$1,579,049
59$1,913,579$1,154,204$985,666$1,669,108
60$2,069,440$1,171,436$979,362$1,766,882
61$2,239,960$1,188,273$971,608$1,873,140
62$2,426,596$1,204,658$962,317$1,988,732
63$2,630,950$1,220,528$951,396$2,114,595
64$2,854,789$1,235,816$938,750$2,251,761
65$3,100,058$1,250,451$924,278$2,401,370
66$3,368,897$1,264,356$907,874$2,564,678
67$3,663,666$1,277,451$889,430$2,743,071
68$3,986,962$1,289,648$868,828$2,938,077
69$4,341,646$1,300,856$845,948$3,151,380
70$4,730,872$1,310,975$820,665$3,384,840
71$5,158,108$1,319,901$792,845$3,640,506
72$5,627,181$1,327,522$762,351$3,920,637
73$6,142,302$1,333,719$729,038$4,227,726
74$6,708,112$1,338,365$692,756$4,564,521
75$7,329,722$1,341,328$653,345$4,934,053
76$8,012,763$1,342,463$610,642$5,339,664
77$8,763,440$1,341,619$564,474$5,785,038
78$9,588,588$1,338,635$514,661$6,274,238
79$10,495,736$1,333,340$461,014$6,811,746
80$11,493,180$1,325,553$403,337$7,402,500
81$12,590,060$1,315,081$341,425$8,051,949
82$13,796,446$1,301,719$275,062$8,766,096
83$15,123,433$1,285,253$204,026$9,551,565
84$16,583,244$1,265,451$128,082$10,415,656
85$18,189,349$1,242,072$46,986$11,366,418
86$19,956,587$1,214,858$0$12,412,726
87$21,901,308$1,183,535$0$13,572,804
88$24,041,529$1,147,817$0$14,860,249
89$26,397,101$1,107,395$0$16,276,972
90$28,989,896$1,061,949$0$17,836,146
91$31,844,016$1,011,134$0$19,552,288
92$34,986,016$954,590$0$21,441,399
93$38,445,158$891,934$0$23,521,113
94$42,253,686$822,760$0$25,810,867
95$46,447,127$746,641$0$28,332,082
96$51,064,633$663,125$0$31,108,367
97$56,149,340$571,733$0$34,165,742
98$61,748,785$471,960$0$37,532,887
99$67,915,349$363,273$0$41,241,408
100$74,706,749$245,109$0$45,326,141