Can I retire at age 51 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,028$78,324$77,637$76,967$76,313$73,929
2 years$39,123$38,394$37,688$37,003$36,339$33,959
3 years$25,823$25,091$24,387$23,708$23,055$20,753
4 years$19,174$18,445$17,747$17,081$16,443$14,237
5 years$15,186$14,461$13,773$13,120$12,500$10,395
6 years$12,528$11,808$11,130$10,492$9,891$7,889
7 years$10,630$9,917$9,249$8,626$8,044$6,146
8 years$9,208$8,500$7,844$7,236$6,673$4,877
9 years$8,102$7,401$6,756$6,164$5,620$3,924
10 years$7,217$6,524$5,890$5,313$4,788$3,190
11 years$6,494$5,808$5,186$4,624$4,118$2,614
12 years$5,892$5,213$4,602$4,056$3,569$2,156
13 years$5,383$4,711$4,112$3,581$3,112$1,788
14 years$4,947$4,282$3,694$3,178$2,728$1,488
15 years$4,570$3,912$3,336$2,835$2,402$1,243
16 years$4,240$3,589$3,024$2,538$2,123$1,041
17 years$3,949$3,305$2,752$2,280$1,882$874
18 years$3,691$3,054$2,512$2,055$1,674$735
19 years$3,460$2,831$2,300$1,857$1,492$620
20 years$3,253$2,630$2,111$1,682$1,332$523
21 years$3,065$2,450$1,941$1,526$1,192$441
22 years$2,895$2,287$1,789$1,388$1,069$373
23 years$2,740$2,139$1,652$1,264$959$316
24 years$2,598$2,004$1,528$1,153$862$267
25 years$2,467$1,881$1,415$1,053$776$226
26 years$2,347$1,768$1,312$963$699$192
27 years$2,236$1,663$1,219$881$630$163
28 years$2,133$1,568$1,133$807$569$138
29 years$2,037$1,479$1,054$740$513$117
30 years$1,948$1,397$982$679$464$99
31 years$1,865$1,320$916$624$419$84
32 years$1,787$1,249$854$573$379$72
33 years$1,714$1,183$798$527$343$61
34 years$1,645$1,121$745$485$311$52
35 years$1,581$1,063$697$447$282$44
36 years$1,520$1,009$652$411$255$37
37 years$1,463$959$610$379$231$32
38 years$1,408$911$571$349$210$27
39 years$1,357$866$535$322$190$23
40 years$1,308$824$502$297$172$19
41 years$1,262$785$470$274$156$16
42 years$1,218$747$441$253$142$14
43 years$1,177$712$414$234$129$12
44 years$1,137$679$389$216$117$10
45 years$1,099$647$365$199$106$9
46 years$1,063$617$343$184$96$7
47 years$1,029$589$322$170$88$6
48 years$996$562$303$157$79$5
49 years$964$537$284$145$72$4
50 years$934$513$267$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $957,000, adding $5,960 every year, while hoping to spend $42,073 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: 34/44/22 Blend
50$957,000$957,000$957,000$957,000
51$1,060,762$1,010,041$995,207$1,089,530
52$1,124,194$1,014,767$983,781$1,116,119
53$1,192,686$1,018,316$970,563$1,140,504
54$1,266,710$1,020,583$955,446$1,165,941
55$1,346,785$1,021,461$938,324$1,192,551
56$1,433,479$1,020,835$919,079$1,220,467
57$1,527,419$1,018,582$897,594$1,249,841
58$1,629,295$1,014,571$873,743$1,280,843
59$1,739,864$1,008,666$847,394$1,313,662
60$1,859,958$1,000,719$818,410$1,348,512
61$1,990,496$990,575$786,648$1,385,633
62$2,132,483$978,071$751,958$1,425,293
63$2,287,031$963,031$714,183$1,467,790
64$2,455,359$945,270$673,159$1,513,460
65$2,638,811$924,593$628,715$1,562,677
66$2,838,864$900,793$580,672$1,615,859
67$3,057,146$873,650$528,842$1,673,471
68$3,295,448$842,931$473,031$1,736,032
69$3,555,740$808,391$413,034$1,804,122
70$3,840,193$769,770$348,638$1,878,385
71$4,151,195$726,792$279,620$1,959,538
72$4,491,378$679,166$205,748$2,048,381
73$4,863,638$626,584$126,780$2,145,801
74$5,271,163$568,721$42,462$2,252,786
75$5,717,466$505,233$0$2,370,433
76$6,206,415$435,756$0$2,511,115
77$6,742,268$359,906$0$2,676,394
78$7,329,716$277,279$0$2,857,860
79$7,973,925$187,444$0$3,057,250
80$8,680,586$89,949$0$3,276,489
81$9,455,966$0$0$3,517,703
82$10,306,969$0$0$3,790,837
83$11,241,198$0$0$4,138,639
84$12,267,031$0$0$4,520,692
85$13,393,694$0$0$4,940,451
86$14,631,353$0$0$5,401,723
87$15,991,206$0$0$5,908,702
88$17,485,588$0$0$6,466,006
89$19,128,091$0$0$7,078,726
90$20,933,686$0$0$7,752,468
91$22,918,870$0$0$8,493,412
92$25,101,816$0$0$9,308,362
93$27,502,547$0$0$10,204,819
94$30,143,123$0$0$11,191,046
95$33,047,851$0$0$12,276,145
96$36,243,510$0$0$13,470,149
97$39,759,607$0$0$14,784,108
98$43,628,652$0$0$16,230,202
99$47,886,467$0$0$17,821,848
100$52,572,522$0$0$19,573,831