Can I retire at age 51 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$79,111$78,406$77,719$77,048$76,392$75,034
2 years$39,164$38,434$37,727$37,042$36,377$35,014
3 years$25,850$25,117$24,412$23,733$23,079$21,752
4 years$19,194$18,464$17,766$17,098$16,460$15,181
5 years$15,202$14,476$13,787$13,133$12,513$11,284
6 years$12,541$11,821$11,142$10,503$9,901$8,724
7 years$10,641$9,927$9,259$8,635$8,052$6,928
8 years$9,217$8,509$7,852$7,244$6,680$5,608
9 years$8,110$7,409$6,763$6,170$5,626$4,606
10 years$7,225$6,531$5,896$5,319$4,793$3,824
11 years$6,501$5,814$5,191$4,629$4,122$3,203
12 years$5,898$5,218$4,607$4,060$3,572$2,701
13 years$5,389$4,716$4,116$3,584$3,115$2,291
14 years$4,952$4,286$3,698$3,182$2,731$1,952
15 years$4,575$3,916$3,339$2,838$2,404$1,670
16 years$4,244$3,593$3,027$2,541$2,125$1,433
17 years$3,953$3,309$2,755$2,283$1,884$1,233
18 years$3,695$3,057$2,515$2,057$1,675$1,064
19 years$3,464$2,833$2,302$1,859$1,493$919
20 years$3,256$2,633$2,113$1,684$1,334$796
21 years$3,068$2,453$1,943$1,528$1,194$690
22 years$2,898$2,289$1,791$1,389$1,070$599
23 years$2,743$2,141$1,654$1,265$960$520
24 years$2,600$2,006$1,529$1,154$863$452
25 years$2,470$1,883$1,417$1,054$777$394
26 years$2,350$1,769$1,314$964$700$343
27 years$2,238$1,665$1,220$882$631$299
28 years$2,135$1,569$1,134$808$569$260
29 years$2,039$1,480$1,055$741$514$227
30 years$1,950$1,398$983$680$464$198
31 years$1,867$1,322$916$625$420$173
32 years$1,789$1,250$855$574$380$151
33 years$1,716$1,184$798$528$344$132
34 years$1,647$1,122$746$486$311$115
35 years$1,582$1,065$697$447$282$101
36 years$1,522$1,010$652$412$255$88
37 years$1,464$960$611$379$231$77
38 years$1,410$912$572$350$210$67
39 years$1,358$867$536$322$190$59
40 years$1,310$825$502$297$173$51
41 years$1,264$785$471$274$157$45
42 years$1,220$748$442$253$142$39
43 years$1,178$713$414$234$129$34
44 years$1,138$679$389$216$117$30
45 years$1,100$648$365$199$106$26
46 years$1,064$618$343$184$96$23
47 years$1,030$590$322$170$88$20
48 years$997$563$303$157$80$18
49 years$965$538$285$145$72$15
50 years$935$514$268$134$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $958,000, adding $4,582 every year, while hoping to spend $58,687 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: 37/48/15 Blend
50$958,000$958,000$958,000$958,000
51$1,060,442$1,009,668$994,819$1,094,682
52$1,106,165$996,700$965,703$1,106,733
53$1,154,584$981,128$933,645$1,113,796
54$1,205,914$962,765$898,484$1,120,162
55$1,260,386$941,410$860,052$1,125,800
56$1,318,255$916,849$818,174$1,130,680
57$1,379,800$888,858$772,666$1,134,773
58$1,445,327$857,198$723,337$1,138,055
59$1,515,167$821,618$669,986$1,140,503
60$1,589,688$781,851$612,404$1,142,099
61$1,669,288$737,614$550,372$1,142,832
62$1,754,408$688,610$483,661$1,142,695
63$1,845,528$634,522$412,034$1,141,687
64$1,943,175$575,017$335,241$1,139,819
65$2,047,929$509,743$253,021$1,137,107
66$2,160,424$438,326$165,104$1,133,582
67$2,281,357$360,374$71,204$1,129,285
68$2,411,493$275,470$0$1,124,273
69$2,551,672$183,175$0$1,123,263
70$2,702,817$83,025$0$1,134,167
71$2,865,941$0$0$1,145,745
72$3,042,158$0$0$1,171,643
73$3,232,692$0$0$1,247,165
74$3,438,888$0$0$1,329,005
75$3,662,224$0$0$1,417,763
76$3,904,327$0$0$1,514,101
77$4,166,983$0$0$1,618,744
78$4,452,160$0$0$1,732,493
79$4,762,019$0$0$1,856,225
80$5,098,939$0$0$1,990,910
81$5,465,538$0$0$2,137,611
82$5,864,696$0$0$2,297,500
83$6,299,579$0$0$2,471,865
84$6,773,677$0$0$2,662,127
85$7,290,826$0$0$2,869,847
86$7,855,250$0$0$3,096,743
87$8,471,600$0$0$3,344,710
88$9,144,993$0$0$3,615,830
89$9,881,066$0$0$3,912,398
90$10,686,021$0$0$4,236,941
91$11,566,690$0$0$4,592,239
92$12,530,593$0$0$4,981,356
93$13,586,015$0$0$5,407,666
94$14,742,074$0$0$5,874,883
95$16,008,815$0$0$6,387,098
96$17,397,300$0$0$6,948,818
97$18,919,711$0$0$7,565,006
98$20,589,467$0$0$8,241,129
99$22,421,345$0$0$8,983,208
100$24,431,626$0$0$9,797,875