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%14.7%
1 years$79,028$78,324$77,637$76,967$76,313$74,833
2 years$39,123$38,394$37,688$37,003$36,339$34,855
3 years$25,823$25,091$24,387$23,708$23,055$21,612
4 years$19,174$18,445$17,747$17,081$16,443$15,052
5 years$15,186$14,461$13,773$13,120$12,500$11,165
6 years$12,528$11,808$11,130$10,492$9,891$8,614
7 years$10,630$9,917$9,249$8,626$8,044$6,825
8 years$9,208$8,500$7,844$7,236$6,673$5,512
9 years$8,102$7,401$6,756$6,164$5,620$4,516
10 years$7,217$6,524$5,890$5,313$4,788$3,740
11 years$6,494$5,808$5,186$4,624$4,118$3,125
12 years$5,892$5,213$4,602$4,056$3,569$2,628
13 years$5,383$4,711$4,112$3,581$3,112$2,223
14 years$4,947$4,282$3,694$3,178$2,728$1,890
15 years$4,570$3,912$3,336$2,835$2,402$1,612
16 years$4,240$3,589$3,024$2,538$2,123$1,379
17 years$3,949$3,305$2,752$2,280$1,882$1,184
18 years$3,691$3,054$2,512$2,055$1,674$1,018
19 years$3,460$2,831$2,300$1,857$1,492$877
20 years$3,253$2,630$2,111$1,682$1,332$757
21 years$3,065$2,450$1,941$1,526$1,192$654
22 years$2,895$2,287$1,789$1,388$1,069$566
23 years$2,740$2,139$1,652$1,264$959$490
24 years$2,598$2,004$1,528$1,153$862$425
25 years$2,467$1,881$1,415$1,053$776$369
26 years$2,347$1,768$1,312$963$699$320
27 years$2,236$1,663$1,219$881$630$278
28 years$2,133$1,568$1,133$807$569$242
29 years$2,037$1,479$1,054$740$513$210
30 years$1,948$1,397$982$679$464$183
31 years$1,865$1,320$916$624$419$159
32 years$1,787$1,249$854$573$379$138
33 years$1,714$1,183$798$527$343$120
34 years$1,645$1,121$745$485$311$105
35 years$1,581$1,063$697$447$282$91
36 years$1,520$1,009$652$411$255$79
37 years$1,463$959$610$379$231$69
38 years$1,408$911$571$349$210$60
39 years$1,357$866$535$322$190$53
40 years$1,308$824$502$297$172$46
41 years$1,262$785$470$274$156$40
42 years$1,218$747$441$253$142$35
43 years$1,177$712$414$234$129$30
44 years$1,137$679$389$216$117$26
45 years$1,099$647$365$199$106$23
46 years$1,063$617$343$184$96$20
47 years$1,029$589$322$170$88$17
48 years$996$562$303$157$79$15
49 years$964$537$284$145$72$13
50 years$934$513$267$134$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $957,000, adding $3,992 every year, while hoping to spend $42,384 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$957,000$957,000$957,000$957,000
51$1,058,732$1,008,011$993,177$1,132,849
52$1,121,626$1,012,307$981,352$1,186,828
53$1,189,515$1,015,393$967,711$1,240,402
54$1,262,864$1,017,166$952,147$1,298,026
55$1,342,182$1,017,513$934,551$1,360,093
56$1,428,032$1,016,319$914,806$1,427,038
57$1,521,031$1,013,458$892,791$1,499,338
58$1,621,857$1,008,798$868,380$1,577,523
59$1,731,255$1,002,198$841,440$1,662,173
60$1,850,048$993,510$811,833$1,753,930
61$1,979,137$982,576$779,413$1,853,503
62$2,119,515$969,228$744,029$1,961,673
63$2,272,274$953,290$705,523$2,079,299
64$2,438,617$934,572$663,729$2,207,332
65$2,619,866$912,875$618,474$2,346,819
66$2,817,476$887,990$569,577$2,498,913
67$3,033,050$859,693$516,849$2,664,889
68$3,268,350$827,747$460,092$2,846,151
69$3,525,317$791,902$399,101$3,044,248
70$3,806,088$751,894$333,660$3,260,887
71$4,113,016$707,444$263,544$3,497,950
72$4,448,689$658,254$188,518$3,757,516
73$4,815,960$604,013$108,338$4,041,873
74$5,217,968$544,389$22,747$4,353,547
75$5,658,170$479,034$0$4,695,322
76$6,140,373$407,577$0$5,084,905
77$6,668,771$329,628$0$5,517,175
78$7,247,982$244,775$0$5,991,069
79$7,883,090$152,583$0$6,510,765
80$8,579,697$52,592$0$7,080,869
81$9,343,973$0$0$7,706,454
82$10,182,713$0$0$8,396,174
83$11,103,403$0$0$9,156,499
84$12,114,288$0$0$9,991,350
85$13,224,451$0$0$10,908,235
86$14,443,897$0$0$11,915,422
87$15,783,649$0$0$13,022,019
88$17,255,850$0$0$14,238,064
89$18,873,877$0$0$15,574,610
90$20,652,467$0$0$17,043,838
91$22,607,857$0$0$18,659,168
92$24,757,936$0$0$20,435,382
93$27,122,411$0$0$22,388,768
94$29,722,996$0$0$24,537,273
95$32,583,615$0$0$26,900,668
96$35,730,627$0$0$29,500,738
97$39,193,074$0$0$32,361,485
98$43,002,955$0$0$35,509,357
99$47,195,527$0$0$38,973,491
100$51,809,640$0$0$42,785,996