Can I retire at age 51 with 959,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$79,193$78,488$77,800$77,128$76,472$74,232
2 years$39,205$38,474$37,767$37,081$36,415$34,177
3 years$25,877$25,143$24,438$23,758$23,103$20,937
4 years$19,214$18,483$17,784$17,116$16,477$14,399
5 years$15,218$14,491$13,801$13,147$12,526$10,541
6 years$12,554$11,833$11,154$10,514$9,911$8,022
7 years$10,652$9,937$9,269$8,644$8,061$6,267
8 years$9,227$8,518$7,861$7,251$6,687$4,988
9 years$8,119$7,417$6,770$6,176$5,631$4,025
10 years$7,232$6,537$5,903$5,324$4,798$3,283
11 years$6,508$5,820$5,196$4,634$4,127$2,699
12 years$5,905$5,224$4,612$4,064$3,576$2,234
13 years$5,395$4,721$4,120$3,588$3,118$1,858
14 years$4,958$4,291$3,702$3,185$2,734$1,552
15 years$4,579$3,920$3,342$2,841$2,407$1,301
16 years$4,249$3,596$3,030$2,543$2,127$1,094
17 years$3,957$3,312$2,758$2,285$1,886$922
18 years$3,698$3,061$2,517$2,059$1,677$778
19 years$3,467$2,836$2,304$1,861$1,495$658
20 years$3,259$2,636$2,115$1,685$1,335$557
21 years$3,071$2,455$1,945$1,530$1,195$473
22 years$2,901$2,292$1,793$1,391$1,071$401
23 years$2,745$2,143$1,655$1,267$961$341
24 years$2,603$2,008$1,531$1,155$864$289
25 years$2,472$1,885$1,418$1,055$778$246
26 years$2,352$1,771$1,315$965$700$209
27 years$2,241$1,667$1,221$883$631$178
28 years$2,137$1,571$1,135$809$570$152
29 years$2,041$1,482$1,056$742$515$129
30 years$1,952$1,399$984$681$465$110
31 years$1,869$1,323$917$625$420$94
32 years$1,791$1,252$856$575$380$80
33 years$1,717$1,185$799$528$344$68
34 years$1,649$1,124$747$486$312$58
35 years$1,584$1,066$698$448$282$50
36 years$1,523$1,011$653$412$256$42
37 years$1,466$961$611$380$232$36
38 years$1,411$913$572$350$210$31
39 years$1,360$868$536$323$190$26
40 years$1,311$826$503$298$173$22
41 years$1,265$786$471$275$157$19
42 years$1,221$749$442$254$142$16
43 years$1,179$713$415$234$129$14
44 years$1,139$680$389$216$117$12
45 years$1,102$649$366$200$106$10
46 years$1,065$619$343$184$97$9
47 years$1,031$590$323$170$88$7
48 years$998$564$303$157$80$6
49 years$966$538$285$145$72$5
50 years$936$514$268$134$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $959,000, adding $6,642 every year, while hoping to spend $59,570 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: 37/38/25 Blend
50$959,000$959,000$959,000$959,000
51$1,063,669$1,012,842$997,978$1,094,849
52$1,108,781$999,089$968,028$1,104,569
53$1,156,499$982,666$935,078$1,109,094
54$1,207,024$963,379$898,965$1,112,810
55$1,260,578$941,022$859,519$1,115,679
56$1,317,403$915,379$816,559$1,117,670
57$1,377,764$886,219$769,900$1,118,748
58$1,441,951$853,298$719,346$1,118,886
59$1,510,280$816,360$664,695$1,118,057
60$1,583,098$775,131$605,731$1,116,239
61$1,660,785$729,323$542,234$1,113,415
62$1,743,756$678,631$473,970$1,109,572
63$1,832,468$622,733$400,696$1,104,705
64$1,927,420$561,287$322,160$1,098,818
65$2,029,161$493,934$238,096$1,091,920
66$2,138,291$420,292$148,228$1,084,036
67$2,255,470$339,960$52,268$1,075,198
68$2,381,423$252,513$0$1,065,456
69$2,516,943$157,501$0$1,068,247
70$2,662,904$54,451$0$1,086,029
71$2,820,263$0$0$1,105,033
72$2,990,074$0$0$1,149,372
73$3,173,494$0$0$1,221,960
74$3,371,792$0$0$1,300,547
75$3,586,367$0$0$1,385,698
76$3,818,755$0$0$1,478,039
77$4,070,643$0$0$1,578,254
78$4,343,889$0$0$1,687,100
79$4,640,533$0$0$1,805,405
80$4,962,823$0$0$1,934,084
81$5,313,229$0$0$2,074,141
82$5,694,469$0$0$2,226,680
83$6,109,532$0$0$2,392,920
84$6,561,710$0$0$2,574,199
85$7,054,624$0$0$2,771,989
86$7,592,259$0$0$2,987,914
87$8,179,002$0$0$3,223,758
88$8,819,681$0$0$3,481,487
89$9,519,611$0$0$3,763,266
90$10,284,645$0$0$4,071,475
91$11,121,224$0$0$4,408,740
92$12,036,442$0$0$4,777,947
93$13,038,109$0$0$5,182,278
94$14,134,826$0$0$5,625,236
95$15,336,063$0$0$6,110,678
96$16,652,249$0$0$6,642,853
97$18,094,872$0$0$7,226,440
98$19,676,581$0$0$7,866,592
99$21,411,310$0$0$8,568,985
100$23,314,404$0$0$9,339,873