Can I retire at age 51 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$79,193$78,488$77,800$77,128$76,472$73,612
2 years$39,205$38,474$37,767$37,081$36,415$33,567
3 years$25,877$25,143$24,438$23,758$23,103$20,356
4 years$19,214$18,483$17,784$17,116$16,477$13,852
5 years$15,218$14,491$13,801$13,147$12,526$10,029
6 years$12,554$11,833$11,154$10,514$9,911$7,545
7 years$10,652$9,937$9,269$8,644$8,061$5,824
8 years$9,227$8,518$7,861$7,251$6,687$4,578
9 years$8,119$7,417$6,770$6,176$5,631$3,647
10 years$7,232$6,537$5,903$5,324$4,798$2,935
11 years$6,508$5,820$5,196$4,634$4,127$2,381
12 years$5,905$5,224$4,612$4,064$3,576$1,943
13 years$5,395$4,721$4,120$3,588$3,118$1,593
14 years$4,958$4,291$3,702$3,185$2,734$1,312
15 years$4,579$3,920$3,342$2,841$2,407$1,083
16 years$4,249$3,596$3,030$2,543$2,127$897
17 years$3,957$3,312$2,758$2,285$1,886$744
18 years$3,698$3,061$2,517$2,059$1,677$619
19 years$3,467$2,836$2,304$1,861$1,495$515
20 years$3,259$2,636$2,115$1,685$1,335$429
21 years$3,071$2,455$1,945$1,530$1,195$358
22 years$2,901$2,292$1,793$1,391$1,071$299
23 years$2,745$2,143$1,655$1,267$961$250
24 years$2,603$2,008$1,531$1,155$864$209
25 years$2,472$1,885$1,418$1,055$778$175
26 years$2,352$1,771$1,315$965$700$146
27 years$2,241$1,667$1,221$883$631$122
28 years$2,137$1,571$1,135$809$570$102
29 years$2,041$1,482$1,056$742$515$86
30 years$1,952$1,399$984$681$465$72
31 years$1,869$1,323$917$625$420$60
32 years$1,791$1,252$856$575$380$50
33 years$1,717$1,185$799$528$344$42
34 years$1,649$1,124$747$486$312$35
35 years$1,584$1,066$698$448$282$30
36 years$1,523$1,011$653$412$256$25
37 years$1,466$961$611$380$232$21
38 years$1,411$913$572$350$210$17
39 years$1,360$868$536$323$190$15
40 years$1,311$826$503$298$173$12
41 years$1,265$786$471$275$157$10
42 years$1,221$749$442$254$142$9
43 years$1,179$713$415$234$129$7
44 years$1,139$680$389$216$117$6
45 years$1,102$649$366$200$106$5
46 years$1,065$619$343$184$97$4
47 years$1,031$590$323$170$88$4
48 years$998$564$303$157$80$3
49 years$966$538$285$145$72$2
50 years$936$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $959,000, adding $5,169 every year, while hoping to spend $39,947 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: 40/41/19 Blend
50$959,000$959,000$959,000$959,000
51$1,062,150$1,011,323$996,458$1,098,466
52$1,127,986$1,018,374$987,336$1,131,946
53$1,199,198$1,024,433$976,570$1,163,918
54$1,276,293$1,029,407$964,062$1,197,677
55$1,359,827$1,033,200$949,710$1,233,408
56$1,450,413$1,035,709$933,408$1,271,315
57$1,548,722$1,036,826$915,045$1,311,626
58$1,655,495$1,036,435$894,503$1,354,595
59$1,771,547$1,034,411$871,660$1,400,503
60$1,897,772$1,030,625$846,388$1,449,664
61$2,035,157$1,024,937$818,553$1,502,427
62$2,184,785$1,017,201$788,017$1,559,178
63$2,347,849$1,007,260$754,631$1,620,348
64$2,525,662$994,948$718,244$1,686,415
65$2,719,670$980,091$678,696$1,757,908
66$2,931,463$962,502$635,819$1,835,417
67$3,162,793$941,985$589,439$1,919,594
68$3,415,585$918,330$539,373$2,011,164
69$3,691,964$891,317$485,431$2,110,929
70$3,994,265$860,712$427,413$2,219,780
71$4,325,061$826,268$365,112$2,338,705
72$4,687,184$787,722$298,311$2,468,795
73$5,083,754$744,798$226,782$2,611,264
74$5,518,207$697,203$150,289$2,767,453
75$5,994,325$644,627$68,585$2,938,847
76$6,516,275$586,742$0$3,127,093
77$7,088,645$523,203$0$3,337,784
78$7,716,490$453,643$0$3,584,245
79$8,405,377$377,676$0$3,854,847
80$9,161,436$294,893$0$4,152,114
81$9,991,424$204,864$0$4,478,840
82$10,902,778$107,132$0$4,838,107
83$11,903,696$1,216$0$5,233,320
84$13,003,207$0$0$5,668,240
85$14,211,255$0$0$6,198,180
86$15,538,798$0$0$6,781,277
87$16,997,908$0$0$7,422,304
88$18,601,882$0$0$8,127,119
89$20,365,373$0$0$8,902,179
90$22,304,522$0$0$9,754,597
91$24,437,114$0$0$10,692,211
92$26,782,742$0$0$11,723,654
93$29,362,995$0$0$12,858,441
94$32,201,658$0$0$14,107,053
95$35,324,940$0$0$15,481,042
96$38,761,717$0$0$16,993,132
97$42,543,803$0$0$18,657,345
98$46,706,258$0$0$20,489,132
99$51,287,706$0$0$22,505,517
100$56,330,711$0$0$24,725,257