Can I retire at age 51 with 956,000?

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 $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%20%
1 years$78,946$78,242$77,556$76,887$76,233$73,179
2 years$39,082$38,354$37,649$36,965$36,301$33,263
3 years$25,796$25,065$24,361$23,684$23,031$20,104
4 years$19,154$18,425$17,729$17,063$16,426$13,633
5 years$15,170$14,446$13,758$13,106$12,487$9,834
6 years$12,515$11,796$11,119$10,481$9,880$7,370
7 years$10,619$9,906$9,240$8,617$8,035$5,666
8 years$9,198$8,491$7,836$7,228$6,666$4,435
9 years$8,093$7,393$6,749$6,157$5,614$3,518
10 years$7,210$6,517$5,884$5,307$4,783$2,819
11 years$6,488$5,802$5,180$4,619$4,114$2,276
12 years$5,886$5,207$4,597$4,052$3,565$1,849
13 years$5,378$4,706$4,107$3,577$3,109$1,509
14 years$4,942$4,277$3,691$3,175$2,725$1,236
15 years$4,565$3,908$3,332$2,832$2,399$1,016
16 years$4,235$3,585$3,021$2,535$2,121$837
17 years$3,945$3,302$2,749$2,278$1,880$691
18 years$3,687$3,051$2,509$2,053$1,672$571
19 years$3,456$2,828$2,297$1,855$1,490$473
20 years$3,249$2,628$2,108$1,680$1,331$392
21 years$3,062$2,447$1,939$1,525$1,191$325
22 years$2,892$2,285$1,787$1,386$1,068$270
23 years$2,737$2,137$1,650$1,263$958$224
24 years$2,595$2,002$1,526$1,152$861$186
25 years$2,465$1,879$1,414$1,052$775$155
26 years$2,345$1,766$1,311$962$698$129
27 years$2,234$1,662$1,217$880$630$107
28 years$2,131$1,566$1,132$806$568$89
29 years$2,035$1,477$1,053$740$513$74
30 years$1,946$1,395$981$679$463$62
31 years$1,863$1,319$915$623$419$52
32 years$1,785$1,248$853$573$379$43
33 years$1,712$1,182$797$527$343$36
34 years$1,644$1,120$744$485$311$30
35 years$1,579$1,062$696$446$281$25
36 years$1,518$1,008$651$411$255$21
37 years$1,461$958$609$379$231$17
38 years$1,407$910$571$349$209$14
39 years$1,356$865$535$322$190$12
40 years$1,307$823$501$297$172$10
41 years$1,261$784$470$274$156$8
42 years$1,217$746$441$253$142$7
43 years$1,175$711$414$233$129$6
44 years$1,136$678$388$215$117$5
45 years$1,098$646$365$199$106$4
46 years$1,062$617$342$184$96$3
47 years$1,028$589$322$170$87$3
48 years$995$562$302$157$79$2
49 years$963$537$284$145$72$2
50 years$933$513$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 $956,000, adding $5,844 every year, while hoping to spend $30,508 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: 75/5/20 Blend
50$956,000$956,000$956,000$956,000
51$1,059,540$1,008,872$994,054$1,133,580
52$1,135,153$1,025,847$994,895$1,200,434
53$1,217,456$1,042,630$994,741$1,269,394
54$1,307,099$1,059,182$993,527$1,344,191
55$1,404,797$1,075,456$991,185$1,425,402
56$1,511,339$1,091,406$987,642$1,513,659
57$1,627,591$1,106,980$982,823$1,609,661
58$1,754,506$1,122,122$976,648$1,714,176
59$1,893,134$1,136,776$969,035$1,828,053
60$2,044,633$1,150,876$959,897$1,952,226
61$2,210,274$1,164,358$949,141$2,087,725
62$2,391,458$1,177,148$936,674$2,235,683
63$2,589,729$1,189,170$922,395$2,397,353
64$2,806,786$1,200,344$906,200$2,574,112
65$3,044,499$1,210,581$887,978$2,767,479
66$3,304,928$1,219,790$867,615$2,979,129
67$3,590,342$1,227,872$844,992$3,210,907
68$3,903,241$1,234,721$819,983$3,464,847
69$4,246,376$1,240,227$792,457$3,743,191
70$4,622,778$1,244,270$762,276$4,048,409
71$5,035,786$1,246,724$729,298$4,383,226
72$5,489,078$1,247,455$693,371$4,750,642
73$5,986,705$1,246,321$654,339$5,153,965
74$6,533,128$1,243,170$612,039$5,596,843
75$7,133,263$1,237,841$566,298$6,083,294
76$7,792,526$1,230,165$516,939$6,617,748
77$8,516,880$1,219,961$463,774$7,205,087
78$9,312,899$1,207,036$406,607$7,850,693
79$10,187,822$1,191,187$345,235$8,560,496
80$11,149,624$1,172,200$279,445$9,341,033
81$12,207,094$1,149,846$209,015$10,199,510
82$13,369,912$1,123,883$133,711$11,143,867
83$14,648,745$1,094,055$53,292$12,182,858
84$16,055,344$1,060,091$0$13,326,127
85$17,602,658$1,021,704$0$14,591,251
86$19,304,953$978,592$0$15,995,592
87$21,177,946$930,431$0$17,540,740
88$23,238,958$876,883$0$19,240,991
89$25,507,070$817,588$0$21,112,097
90$28,003,308$752,167$0$23,171,416
91$30,750,839$680,218$0$25,438,075
92$33,775,192$601,315$0$27,933,149
93$37,104,493$515,011$0$30,679,862
94$40,769,736$420,831$0$33,703,804
95$44,805,072$318,275$0$37,033,175
96$49,248,132$206,813$0$40,699,048
97$54,140,382$85,888$0$44,735,666
98$59,527,514$0$0$49,180,761
99$65,459,874$0$0$54,078,392
100$71,992,943$0$0$59,477,211