Can I retire at age 51 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$78,450$77,751$77,070$76,404$75,754$73,923
2 years$38,837$38,113$37,412$36,733$36,073$34,239
3 years$25,634$24,908$24,208$23,535$22,887$21,107
4 years$19,034$18,310$17,617$16,956$16,323$14,612
5 years$15,075$14,355$13,672$13,024$12,408$10,770
6 years$12,436$11,722$11,049$10,415$9,818$8,255
7 years$10,552$9,844$9,182$8,563$7,985$6,497
8 years$9,140$8,438$7,787$7,183$6,624$5,210
9 years$8,042$7,347$6,707$6,118$5,579$4,238
10 years$7,165$6,476$5,847$5,274$4,753$3,484
11 years$6,447$5,765$5,148$4,590$4,088$2,889
12 years$5,849$5,175$4,568$4,026$3,543$2,411
13 years$5,344$4,676$4,082$3,554$3,089$2,023
14 years$4,911$4,251$3,667$3,155$2,708$1,706
15 years$4,536$3,883$3,311$2,814$2,384$1,443
16 years$4,209$3,563$3,002$2,520$2,107$1,224
17 years$3,920$3,281$2,732$2,264$1,868$1,041
18 years$3,664$3,032$2,494$2,040$1,661$888
19 years$3,435$2,810$2,283$1,843$1,481$758
20 years$3,229$2,611$2,095$1,670$1,323$648
21 years$3,043$2,432$1,927$1,515$1,184$555
22 years$2,874$2,270$1,776$1,378$1,061$476
23 years$2,720$2,123$1,640$1,255$952$408
24 years$2,579$1,989$1,517$1,144$856$351
25 years$2,449$1,867$1,405$1,045$770$301
26 years$2,330$1,755$1,303$956$694$259
27 years$2,220$1,651$1,210$875$626$223
28 years$2,117$1,556$1,125$801$564$192
29 years$2,022$1,468$1,047$735$510$165
30 years$1,934$1,386$975$674$461$142
31 years$1,851$1,311$909$619$416$122
32 years$1,774$1,240$848$569$377$106
33 years$1,701$1,174$792$523$341$91
34 years$1,633$1,113$740$482$309$78
35 years$1,569$1,056$692$443$280$68
36 years$1,509$1,002$647$408$253$58
37 years$1,452$952$606$376$230$50
38 years$1,398$904$567$347$208$43
39 years$1,347$860$531$320$189$37
40 years$1,299$818$498$295$171$32
41 years$1,253$779$467$272$155$28
42 years$1,209$742$438$251$141$24
43 years$1,168$707$411$232$128$21
44 years$1,129$674$386$214$116$18
45 years$1,091$642$362$198$105$15
46 years$1,055$613$340$183$96$13
47 years$1,021$585$320$169$87$11
48 years$989$558$300$156$79$10
49 years$957$533$282$144$72$9
50 years$928$509$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $950,000, adding $3,015 every year, while hoping to spend $22,014 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: 70/16/14 Blend
50$950,000$950,000$950,000$950,000
51$1,050,010$999,660$984,935$1,120,010
52$1,133,688$1,025,221$994,508$1,192,461
53$1,225,164$1,051,296$1,003,663$1,268,789
54$1,325,209$1,077,888$1,012,364$1,351,750
55$1,434,674$1,104,998$1,020,572$1,441,994
56$1,554,494$1,132,626$1,028,244$1,540,239
57$1,685,701$1,160,773$1,035,339$1,647,273
58$1,829,429$1,189,438$1,041,810$1,763,964
59$1,986,929$1,218,618$1,047,608$1,891,271
60$2,159,577$1,248,312$1,052,685$2,030,247
61$2,348,890$1,278,515$1,056,985$2,182,053
62$2,556,537$1,309,223$1,060,455$2,347,970
63$2,784,358$1,340,429$1,063,034$2,529,407
64$3,034,379$1,372,126$1,064,662$2,727,916
65$3,308,831$1,404,306$1,065,274$2,945,208
66$3,610,174$1,436,959$1,064,803$3,183,169
67$3,941,115$1,470,073$1,063,177$3,443,874
68$4,304,636$1,503,635$1,060,321$3,729,613
69$4,704,025$1,537,629$1,056,158$4,042,907
70$5,142,902$1,572,039$1,050,605$4,386,533
71$5,625,254$1,606,845$1,043,577$4,763,553
72$6,155,477$1,642,027$1,034,984$5,177,340
73$6,738,410$1,677,561$1,024,730$5,631,610
74$7,379,388$1,713,421$1,012,718$6,130,460
75$8,084,285$1,749,579$998,844$6,678,401
76$8,859,576$1,786,002$982,999$7,280,408
77$9,712,394$1,822,657$965,071$7,941,960
78$10,650,597$1,859,506$944,940$8,669,096
79$11,682,844$1,896,509$922,481$9,468,472
80$12,818,676$1,933,619$897,566$10,347,419
81$14,068,604$1,970,790$870,058$11,314,020
82$15,444,212$2,007,969$839,815$12,377,180
83$16,958,261$2,045,098$806,688$13,546,713
84$18,624,813$2,082,117$770,521$14,833,433
85$20,459,362$2,118,960$731,153$16,249,259
86$22,478,983$2,155,555$688,412$17,807,325
87$24,702,487$2,191,825$642,122$19,522,104
88$27,150,604$2,227,687$592,096$21,409,545
89$29,846,175$2,263,054$538,141$23,487,227
90$32,814,370$2,297,829$480,054$25,774,520
91$36,082,924$2,331,910$417,623$28,292,771
92$39,682,397$2,365,188$350,628$31,065,503
93$43,646,465$2,397,546$278,838$34,118,643
94$48,012,236$2,428,858$202,011$37,480,760
95$52,820,602$2,458,990$119,896$41,183,337
96$58,116,622$2,487,798$32,231$45,261,072
97$63,949,947$2,515,130$0$49,752,202
98$70,375,293$2,540,823$0$54,708,026
99$77,452,951$2,564,702$0$60,171,552
100$85,249,361$2,586,581$0$66,189,182