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%11.9%
1 years$78,863$78,161$77,475$76,806$76,153$75,547
2 years$39,041$38,314$37,609$36,926$36,263$35,652
3 years$25,769$25,039$24,336$23,659$23,007$22,410
4 years$19,134$18,406$17,710$17,045$16,409$15,830
5 years$15,154$14,431$13,744$13,092$12,474$11,915
6 years$12,502$11,784$11,107$10,470$9,870$9,333
7 years$10,608$9,896$9,230$8,608$8,027$7,511
8 years$9,188$8,483$7,828$7,221$6,659$6,165
9 years$8,085$7,386$6,742$6,151$5,608$5,135
10 years$7,202$6,510$5,878$5,302$4,778$4,326
11 years$6,481$5,796$5,175$4,614$4,109$3,678
12 years$5,880$5,202$4,592$4,047$3,561$3,149
13 years$5,372$4,701$4,103$3,573$3,105$2,713
14 years$4,937$4,273$3,687$3,172$2,722$2,349
15 years$4,560$3,903$3,329$2,829$2,397$2,043
16 years$4,231$3,581$3,018$2,533$2,118$1,783
17 years$3,941$3,298$2,746$2,276$1,878$1,560
18 years$3,683$3,048$2,507$2,051$1,670$1,369
19 years$3,453$2,825$2,295$1,853$1,489$1,204
20 years$3,246$2,625$2,106$1,678$1,330$1,061
21 years$3,059$2,445$1,937$1,523$1,190$936
22 years$2,889$2,282$1,785$1,385$1,067$827
23 years$2,734$2,134$1,649$1,261$957$732
24 years$2,592$2,000$1,525$1,150$861$649
25 years$2,462$1,877$1,412$1,051$774$575
26 years$2,342$1,764$1,310$961$697$511
27 years$2,231$1,660$1,216$879$629$454
28 years$2,128$1,564$1,131$806$567$403
29 years$2,033$1,476$1,052$739$512$359
30 years$1,944$1,394$980$678$463$319
31 years$1,861$1,317$914$623$419$284
32 years$1,783$1,247$852$572$379$253
33 years$1,710$1,181$796$526$343$225
34 years$1,642$1,119$744$484$310$201
35 years$1,577$1,061$695$446$281$179
36 years$1,517$1,007$650$411$255$160
37 years$1,460$957$609$378$231$143
38 years$1,405$909$570$349$209$127
39 years$1,354$865$534$321$190$113
40 years$1,306$823$501$296$172$101
41 years$1,260$783$469$274$156$90
42 years$1,216$746$440$252$142$81
43 years$1,174$710$413$233$129$72
44 years$1,135$677$388$215$117$64
45 years$1,097$646$364$199$106$57
46 years$1,061$616$342$184$96$51
47 years$1,027$588$321$170$87$46
48 years$994$561$302$157$79$41
49 years$962$536$284$145$72$37
50 years$932$512$267$134$65$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $955,000, adding $5,791 every year, while hoping to spend $55,739 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: 46/43/11 Blend
50$955,000$955,000$955,000$955,000
51$1,058,383$1,007,768$992,966$1,103,547
52$1,107,033$997,843$966,924$1,125,450
53$1,158,776$985,564$938,142$1,143,002
54$1,213,870$970,755$906,469$1,160,788
55$1,272,596$953,233$871,747$1,178,849
56$1,335,262$932,803$833,812$1,197,235
57$1,402,205$909,257$792,491$1,216,002
58$1,473,795$882,375$747,604$1,235,220
59$1,550,436$851,926$698,963$1,254,968
60$1,632,574$817,663$646,372$1,275,338
61$1,720,696$779,328$589,624$1,296,437
62$1,815,336$736,645$528,506$1,318,388
63$1,917,083$689,322$462,793$1,341,332
64$2,026,579$637,053$392,251$1,365,430
65$2,144,535$579,513$316,636$1,390,867
66$2,271,725$516,357$235,691$1,417,853
67$2,409,006$447,223$149,151$1,446,627
68$2,557,314$371,727$56,737$1,477,460
69$2,717,681$289,463$0$1,510,660
70$2,891,240$200,002$0$1,551,489
71$3,079,238$102,894$0$1,602,849
72$3,283,044$0$0$1,658,552
73$3,504,165$0$0$1,720,243
74$3,744,256$0$0$1,840,184
75$4,005,141$0$0$1,970,609
76$4,288,824$0$0$2,112,534
77$4,597,510$0$0$2,267,074
78$4,933,626$0$0$2,435,458
79$5,299,841$0$0$2,619,036
80$5,699,094$0$0$2,819,298
81$6,134,619$0$0$3,037,879
82$6,609,976$0$0$3,276,582
83$7,129,082$0$0$3,537,392
84$7,696,251$0$0$3,822,492
85$8,316,231$0$0$4,134,287
86$8,994,251$0$0$4,475,426
87$9,736,066$0$0$4,848,822
88$10,548,015$0$0$5,257,688
89$11,437,077$0$0$5,705,558
90$12,410,938$0$0$6,196,326
91$13,478,062$0$0$6,734,279
92$14,647,771$0$0$7,324,140
93$15,930,331$0$0$7,971,111
94$17,337,050$0$0$8,680,919
95$18,880,381$0$0$9,459,876
96$20,574,043$0$0$10,314,932
97$22,433,147$0$0$11,253,743
98$24,474,336$0$0$12,284,744
99$26,715,946$0$0$13,417,224
100$29,178,175$0$0$14,661,421