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%12.5%
1 years$79,111$78,406$77,719$77,048$76,392$75,594
2 years$39,164$38,434$37,727$37,042$36,377$35,574
3 years$25,850$25,117$24,412$23,733$23,079$22,295
4 years$19,194$18,464$17,766$17,098$16,460$15,702
5 years$15,202$14,476$13,787$13,133$12,513$11,782
6 years$12,541$11,821$11,142$10,503$9,901$9,198
7 years$10,641$9,927$9,259$8,635$8,052$7,378
8 years$9,217$8,509$7,852$7,244$6,680$6,035
9 years$8,110$7,409$6,763$6,170$5,626$5,009
10 years$7,225$6,531$5,896$5,319$4,793$4,205
11 years$6,501$5,814$5,191$4,629$4,122$3,561
12 years$5,898$5,218$4,607$4,060$3,572$3,038
13 years$5,389$4,716$4,116$3,584$3,115$2,608
14 years$4,952$4,286$3,698$3,182$2,731$2,249
15 years$4,575$3,916$3,339$2,838$2,404$1,948
16 years$4,244$3,593$3,027$2,541$2,125$1,692
17 years$3,953$3,309$2,755$2,283$1,884$1,475
18 years$3,695$3,057$2,515$2,057$1,675$1,289
19 years$3,464$2,833$2,302$1,859$1,493$1,128
20 years$3,256$2,633$2,113$1,684$1,334$990
21 years$3,068$2,453$1,943$1,528$1,194$870
22 years$2,898$2,289$1,791$1,389$1,070$765
23 years$2,743$2,141$1,654$1,265$960$674
24 years$2,600$2,006$1,529$1,154$863$595
25 years$2,470$1,883$1,417$1,054$777$525
26 years$2,350$1,769$1,314$964$700$464
27 years$2,238$1,665$1,220$882$631$410
28 years$2,135$1,569$1,134$808$569$363
29 years$2,039$1,480$1,055$741$514$321
30 years$1,950$1,398$983$680$464$284
31 years$1,867$1,322$916$625$420$252
32 years$1,789$1,250$855$574$380$223
33 years$1,716$1,184$798$528$344$198
34 years$1,647$1,122$746$486$311$175
35 years$1,582$1,065$697$447$282$156
36 years$1,522$1,010$652$412$255$138
37 years$1,464$960$611$379$231$123
38 years$1,410$912$572$350$210$109
39 years$1,358$867$536$322$190$97
40 years$1,310$825$502$297$173$86
41 years$1,264$785$471$274$157$76
42 years$1,220$748$442$253$142$68
43 years$1,178$713$414$234$129$60
44 years$1,138$679$389$216$117$53
45 years$1,100$648$365$199$106$47
46 years$1,064$618$343$184$96$42
47 years$1,030$590$322$170$88$37
48 years$997$563$303$157$80$33
49 years$965$538$285$145$72$30
50 years$935$514$268$134$66$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $958,000, adding $2,943 every year, while hoping to spend $45,552 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: 50/44/6 Blend
50$958,000$958,000$958,000$958,000
51$1,058,752$1,007,978$993,129$1,109,972
52$1,118,277$1,008,902$977,932$1,146,095
53$1,182,348$1,008,344$960,699$1,180,186
54$1,251,379$1,006,185$941,313$1,216,141
55$1,325,827$1,002,295$919,655$1,254,144
56$1,406,193$996,539$895,595$1,294,402
57$1,493,027$988,772$869,000$1,337,143
58$1,586,937$978,842$839,732$1,382,622
59$1,688,586$966,587$807,644$1,431,121
60$1,798,706$951,834$772,585$1,482,956
61$1,918,102$934,402$734,395$1,538,474
62$2,047,658$914,098$692,906$1,598,066
63$2,188,347$890,716$647,947$1,662,161
64$2,341,238$864,041$599,333$1,731,238
65$2,507,510$833,845$546,876$1,805,828
66$2,688,456$799,884$490,377$1,886,521
67$2,885,503$761,902$429,628$1,973,971
68$3,100,216$719,627$364,413$2,068,904
69$3,334,323$672,774$294,506$2,172,123
70$3,589,723$621,038$219,670$2,284,522
71$3,868,505$564,099$139,659$2,407,087
72$4,172,970$501,618$54,216$2,540,916
73$4,505,652$433,237$0$2,687,221
74$4,869,340$358,576$0$2,849,715
75$5,267,103$277,237$0$3,031,377
76$5,702,322$188,796$0$3,230,402
77$6,178,720$92,808$0$3,448,633
78$6,700,395$0$0$3,688,113
79$7,271,862$0$0$3,956,520
80$7,898,092$0$0$4,299,989
81$8,584,558$0$0$4,676,598
82$9,337,291$0$0$5,089,669
83$10,162,932$0$0$5,542,859
84$11,068,795$0$0$6,040,197
85$12,062,937$0$0$6,586,120
86$13,154,234$0$0$7,185,516
87$14,352,460$0$0$7,843,771
88$15,668,385$0$0$8,566,816
89$17,113,871$0$0$9,361,186
90$18,701,987$0$0$10,234,078
91$20,447,130$0$0$11,193,424
92$22,365,160$0$0$12,247,961
93$24,473,551$0$0$13,407,314
94$26,791,552$0$0$14,682,088
95$29,340,373$0$0$16,083,966
96$32,143,380$0$0$17,625,822
97$35,226,318$0$0$19,321,838
98$38,617,551$0$0$21,187,640
99$42,348,332$0$0$23,240,445
100$46,453,095$0$0$25,499,224