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%12.9%
1 years$78,946$78,242$77,556$76,887$76,233$75,311
2 years$39,082$38,354$37,649$36,965$36,301$35,374
3 years$25,796$25,065$24,361$23,684$23,031$22,127
4 years$19,154$18,425$17,729$17,063$16,426$15,551
5 years$15,170$14,446$13,758$13,106$12,487$11,645
6 years$12,515$11,796$11,119$10,481$9,880$9,072
7 years$10,619$9,906$9,240$8,617$8,035$7,261
8 years$9,198$8,491$7,836$7,228$6,666$5,925
9 years$8,093$7,393$6,749$6,157$5,614$4,906
10 years$7,210$6,517$5,884$5,307$4,783$4,109
11 years$6,488$5,802$5,180$4,619$4,114$3,471
12 years$5,886$5,207$4,597$4,052$3,565$2,954
13 years$5,378$4,706$4,107$3,577$3,109$2,529
14 years$4,942$4,277$3,691$3,175$2,725$2,175
15 years$4,565$3,908$3,332$2,832$2,399$1,879
16 years$4,235$3,585$3,021$2,535$2,121$1,628
17 years$3,945$3,302$2,749$2,278$1,880$1,415
18 years$3,687$3,051$2,509$2,053$1,672$1,233
19 years$3,456$2,828$2,297$1,855$1,490$1,076
20 years$3,249$2,628$2,108$1,680$1,331$941
21 years$3,062$2,447$1,939$1,525$1,191$825
22 years$2,892$2,285$1,787$1,386$1,068$723
23 years$2,737$2,137$1,650$1,263$958$635
24 years$2,595$2,002$1,526$1,152$861$559
25 years$2,465$1,879$1,414$1,052$775$492
26 years$2,345$1,766$1,311$962$698$433
27 years$2,234$1,662$1,217$880$630$381
28 years$2,131$1,566$1,132$806$568$336
29 years$2,035$1,477$1,053$740$513$297
30 years$1,946$1,395$981$679$463$262
31 years$1,863$1,319$915$623$419$231
32 years$1,785$1,248$853$573$379$204
33 years$1,712$1,182$797$527$343$181
34 years$1,644$1,120$744$485$311$160
35 years$1,579$1,062$696$446$281$141
36 years$1,518$1,008$651$411$255$125
37 years$1,461$958$609$379$231$110
38 years$1,407$910$571$349$209$98
39 years$1,356$865$535$322$190$86
40 years$1,307$823$501$297$172$76
41 years$1,261$784$470$274$156$68
42 years$1,217$746$441$253$142$60
43 years$1,175$711$414$233$129$53
44 years$1,136$678$388$215$117$47
45 years$1,098$646$365$199$106$42
46 years$1,062$617$342$184$96$37
47 years$1,028$589$322$170$87$33
48 years$995$562$302$157$79$29
49 years$963$537$284$145$72$26
50 years$933$513$267$134$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $956,000, adding $4,777 every year, while hoping to spend $21,458 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: 89/5/6 Blend
50$956,000$956,000$956,000$956,000
51$1,058,439$1,007,771$992,953$1,152,058
52$1,143,569$1,034,321$1,003,386$1,240,234
53$1,236,663$1,061,453$1,013,449$1,333,654
54$1,338,510$1,089,172$1,023,108$1,435,668
55$1,449,981$1,117,484$1,032,325$1,547,125
56$1,572,032$1,146,394$1,041,061$1,668,964
57$1,705,719$1,175,906$1,049,275$1,802,216
58$1,852,202$1,206,025$1,056,925$1,948,017
59$2,012,759$1,236,753$1,063,966$2,107,620
60$2,188,800$1,268,094$1,070,348$2,282,402
61$2,381,876$1,300,048$1,076,022$2,473,882
62$2,593,694$1,332,617$1,080,936$2,683,733
63$2,826,137$1,365,802$1,085,034$2,913,796
64$3,081,278$1,399,601$1,088,257$3,166,102
65$3,361,400$1,434,013$1,090,545$3,442,886
66$3,669,017$1,469,035$1,091,834$3,746,611
67$4,006,902$1,504,662$1,092,055$4,079,990
68$4,378,106$1,540,890$1,091,138$4,446,011
69$4,785,991$1,577,712$1,089,010$4,847,969
70$5,234,262$1,615,120$1,085,592$5,289,490
71$5,726,999$1,653,104$1,080,802$5,774,572
72$6,268,700$1,691,653$1,074,556$6,307,619
73$6,864,317$1,730,753$1,066,762$6,893,483
74$7,519,307$1,770,390$1,057,329$7,537,510
75$8,239,683$1,810,546$1,046,157$8,245,589
76$9,032,070$1,851,202$1,033,142$9,024,212
77$9,903,767$1,892,336$1,018,178$9,880,528
78$10,862,815$1,933,925$1,001,151$10,822,418
79$11,918,076$1,975,940$981,942$11,858,562
80$13,079,311$2,018,353$960,429$12,998,527
81$14,357,278$2,061,130$936,481$14,252,854
82$15,763,830$2,104,235$909,963$15,633,157
83$17,312,027$2,147,629$880,733$17,152,235
84$19,016,260$2,191,268$848,643$18,824,190
85$20,892,383$2,235,105$813,538$20,664,561
86$22,957,870$2,279,089$775,255$22,690,473
87$25,231,972$2,323,164$733,625$24,920,794
88$27,735,903$2,367,269$688,472$27,376,316
89$30,493,039$2,411,338$639,609$30,079,950
90$33,529,136$2,455,302$586,844$33,056,943
91$36,872,579$2,499,082$529,974$36,335,117
92$40,554,642$2,542,597$468,788$39,945,129
93$44,609,789$2,585,758$403,065$43,920,761
94$49,075,996$2,628,468$332,577$48,299,241
95$53,995,110$2,670,626$257,081$53,121,591
96$59,413,245$2,712,120$176,327$58,433,019
97$65,381,215$2,752,833$90,052$64,283,337
98$71,955,014$2,792,637$0$70,727,443
99$79,196,345$2,831,396$0$77,825,957
100$87,173,202$2,868,964$0$85,651,572