Can I retire at age 51 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$78,946$78,242$77,556$76,887$76,233$74,908
2 years$39,082$38,354$37,649$36,965$36,301$34,971
3 years$25,796$25,065$24,361$23,684$23,031$21,737
4 years$19,154$18,425$17,729$17,063$16,426$15,177
5 years$15,170$14,446$13,758$13,106$12,487$11,288
6 years$12,515$11,796$11,119$10,481$9,880$8,732
7 years$10,619$9,906$9,240$8,617$8,035$6,938
8 years$9,198$8,491$7,836$7,228$6,666$5,619
9 years$8,093$7,393$6,749$6,157$5,614$4,617
10 years$7,210$6,517$5,884$5,307$4,783$3,836
11 years$6,488$5,802$5,180$4,619$4,114$3,215
12 years$5,886$5,207$4,597$4,052$3,565$2,713
13 years$5,378$4,706$4,107$3,577$3,109$2,303
14 years$4,942$4,277$3,691$3,175$2,725$1,964
15 years$4,565$3,908$3,332$2,832$2,399$1,681
16 years$4,235$3,585$3,021$2,535$2,121$1,444
17 years$3,945$3,302$2,749$2,278$1,880$1,243
18 years$3,687$3,051$2,509$2,053$1,672$1,073
19 years$3,456$2,828$2,297$1,855$1,490$928
20 years$3,249$2,628$2,108$1,680$1,331$804
21 years$3,062$2,447$1,939$1,525$1,191$697
22 years$2,892$2,285$1,787$1,386$1,068$606
23 years$2,737$2,137$1,650$1,263$958$527
24 years$2,595$2,002$1,526$1,152$861$458
25 years$2,465$1,879$1,414$1,052$775$399
26 years$2,345$1,766$1,311$962$698$348
27 years$2,234$1,662$1,217$880$630$303
28 years$2,131$1,566$1,132$806$568$265
29 years$2,035$1,477$1,053$740$513$231
30 years$1,946$1,395$981$679$463$202
31 years$1,863$1,319$915$623$419$176
32 years$1,785$1,248$853$573$379$154
33 years$1,712$1,182$797$527$343$135
34 years$1,644$1,120$744$485$311$118
35 years$1,579$1,062$696$446$281$103
36 years$1,518$1,008$651$411$255$90
37 years$1,461$958$609$379$231$79
38 years$1,407$910$571$349$209$69
39 years$1,356$865$535$322$190$60
40 years$1,307$823$501$297$172$53
41 years$1,261$784$470$274$156$46
42 years$1,217$746$441$253$142$40
43 years$1,175$711$414$233$129$35
44 years$1,136$678$388$215$117$31
45 years$1,098$646$365$199$106$27
46 years$1,062$617$342$184$96$24
47 years$1,028$589$322$170$87$21
48 years$995$562$302$157$79$18
49 years$963$537$284$145$72$16
50 years$933$513$267$134$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $956,000, adding $4,697 every year, while hoping to spend $57,103 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: 71/16/13 Blend
50$956,000$956,000$956,000$956,000
51$1,058,357$1,007,689$992,871$1,130,197
52$1,105,552$996,309$965,375$1,167,071
53$1,155,648$982,457$935,044$1,200,028
54$1,208,878$965,952$901,723$1,234,597
55$1,265,503$946,602$865,249$1,270,925
56$1,325,802$924,204$825,453$1,309,176
57$1,390,085$898,541$782,157$1,349,532
58$1,458,690$869,386$735,176$1,392,193
59$1,531,988$836,497$684,316$1,437,385
60$1,610,384$799,619$629,374$1,485,353
61$1,694,324$758,481$570,138$1,536,374
62$1,784,296$712,797$506,388$1,590,751
63$1,880,835$662,265$437,893$1,648,822
64$1,984,529$606,565$364,411$1,710,960
65$2,096,023$545,359$285,691$1,777,581
66$2,216,025$478,289$201,470$1,849,143
67$2,345,313$404,978$111,472$1,926,154
68$2,484,740$325,028$15,413$2,009,178
69$2,635,246$238,017$0$2,098,838
70$2,797,861$143,500$0$2,207,906
71$2,973,718$41,006$0$2,328,131
72$3,164,062$0$0$2,458,264
73$3,370,263$0$0$2,611,606
74$3,593,825$0$0$2,785,727
75$3,836,405$0$0$2,974,702
76$4,099,821$0$0$3,179,955
77$4,386,078$0$0$3,403,051
78$4,697,377$0$0$3,645,713
79$5,036,142$0$0$3,909,837
80$5,405,039$0$0$4,197,508
81$5,807,003$0$0$4,511,020
82$6,245,263$0$0$4,852,900
83$6,723,373$0$0$5,225,926
84$7,245,244$0$0$5,633,160
85$7,815,183$0$0$6,077,968
86$8,437,929$0$0$6,564,058
87$9,118,703$0$0$7,095,514
88$9,863,248$0$0$7,676,828
89$10,677,892$0$0$8,312,950
90$11,569,600$0$0$9,009,328
91$12,546,043$0$0$9,771,963
92$13,615,668$0$0$10,607,464
93$14,787,778$0$0$11,523,106
94$16,072,617$0$0$12,526,905
95$17,481,469$0$0$13,627,687
96$19,026,761$0$0$14,835,174
97$20,722,182$0$0$16,160,075
98$22,582,809$0$0$17,614,186
99$24,625,249$0$0$19,210,497
100$26,867,796$0$0$20,963,322