Can I retire at age 51 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$78,698$77,997$77,313$76,645$75,994$73,326
2 years$38,959$38,234$37,531$36,849$36,187$33,528
3 years$25,715$24,986$24,285$23,609$22,959$20,391
4 years$19,094$18,367$17,673$17,009$16,374$13,918
5 years$15,122$14,400$13,715$13,065$12,448$10,109
6 years$12,476$11,759$11,084$10,448$9,849$7,630
7 years$10,586$9,875$9,211$8,590$8,010$5,910
8 years$9,169$8,465$7,811$7,206$6,645$4,662
9 years$8,068$7,370$6,728$6,138$5,596$3,728
10 years$7,187$6,496$5,866$5,291$4,768$3,012
11 years$6,467$5,783$5,164$4,605$4,101$2,452
12 years$5,868$5,191$4,583$4,039$3,554$2,009
13 years$5,361$4,691$4,095$3,566$3,099$1,655
14 years$4,927$4,264$3,679$3,165$2,716$1,368
15 years$4,551$3,895$3,322$2,823$2,392$1,135
16 years$4,222$3,574$3,012$2,528$2,114$944
17 years$3,933$3,291$2,740$2,271$1,874$786
18 years$3,675$3,041$2,502$2,047$1,667$657
19 years$3,446$2,819$2,290$1,849$1,485$549
20 years$3,239$2,619$2,102$1,675$1,327$460
21 years$3,052$2,440$1,933$1,520$1,187$385
22 years$2,883$2,277$1,782$1,382$1,064$323
23 years$2,728$2,130$1,645$1,259$955$271
24 years$2,587$1,996$1,521$1,148$859$228
25 years$2,457$1,873$1,409$1,048$773$191
26 years$2,337$1,760$1,307$959$696$161
27 years$2,227$1,657$1,214$877$628$135
28 years$2,124$1,561$1,128$804$566$114
29 years$2,029$1,473$1,050$737$511$96
30 years$1,940$1,391$978$677$462$81
31 years$1,857$1,315$912$621$418$68
32 years$1,779$1,244$851$571$378$57
33 years$1,707$1,178$794$525$342$48
34 years$1,638$1,117$742$483$310$40
35 years$1,574$1,059$694$445$280$34
36 years$1,514$1,005$649$410$254$29
37 years$1,456$955$607$377$230$24
38 years$1,402$907$569$348$209$20
39 years$1,351$863$533$321$189$17
40 years$1,303$821$500$296$172$14
41 years$1,257$781$468$273$156$12
42 years$1,213$744$439$252$141$10
43 years$1,172$709$412$233$128$9
44 years$1,132$676$387$215$116$7
45 years$1,095$644$363$198$106$6
46 years$1,059$615$341$183$96$5
47 years$1,024$587$321$169$87$4
48 years$992$560$301$156$79$4
49 years$960$535$283$145$72$3
50 years$930$511$266$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $953,000, adding $2,612 every year, while hoping to spend $35,913 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: 66/22/12 Blend
50$953,000$953,000$953,000$953,000
51$1,052,900$1,002,391$987,620$1,119,391
52$1,122,085$1,013,297$982,494$1,174,950
53$1,197,123$1,023,534$975,993$1,231,182
54$1,278,573$1,033,031$968,032$1,291,729
55$1,367,050$1,041,712$958,524$1,357,009
56$1,463,231$1,049,498$947,377$1,427,487
57$1,567,860$1,056,303$934,493$1,503,670
58$1,681,756$1,062,035$919,772$1,586,121
59$1,805,819$1,066,599$903,109$1,675,460
60$1,941,041$1,069,891$884,391$1,772,371
61$2,088,513$1,071,801$863,504$1,877,607
62$2,249,436$1,072,214$840,326$1,992,001
63$2,425,132$1,071,006$814,730$2,116,470
64$2,617,055$1,068,046$786,584$2,252,025
65$2,826,809$1,063,194$755,749$2,399,783
66$3,056,156$1,056,303$722,079$2,560,973
67$3,307,038$1,047,216$685,423$2,736,954
68$3,581,594$1,035,768$645,622$2,929,224
69$3,882,177$1,021,781$602,511$3,139,432
70$4,211,381$1,005,070$555,917$3,369,400
71$4,572,060$985,436$505,658$3,621,138
72$4,967,358$962,671$451,546$3,896,860
73$5,400,739$936,552$393,383$4,199,009
74$5,876,016$906,845$330,963$4,530,280
75$6,397,390$873,300$264,070$4,893,643
76$6,969,487$835,656$192,480$5,292,377
77$7,597,405$793,633$115,959$5,730,094
78$8,286,757$746,937$34,260$6,210,779
79$9,043,726$695,258$0$6,738,827
80$9,875,126$638,265$0$7,325,860
81$10,788,461$575,612$0$7,975,567
82$11,791,996$506,929$0$8,689,484
83$12,894,841$431,829$0$9,474,146
84$14,107,027$349,902$0$10,336,754
85$15,439,609$260,712$0$11,285,248
86$16,904,765$163,803$0$12,328,380
87$18,515,912$58,690$0$13,475,797
88$20,287,832$0$0$14,738,131
89$22,236,811$0$0$16,140,452
90$24,380,795$0$0$17,698,781
91$26,739,553$0$0$19,413,286
92$29,334,870$0$0$21,299,812
93$32,190,748$0$0$23,375,814
94$35,333,633$0$0$25,660,527
95$38,792,663$0$0$28,175,141
96$42,599,948$0$0$30,943,010
97$46,790,864$0$0$33,989,863
98$51,404,394$0$0$37,344,050
99$56,483,491$0$0$41,036,812
100$62,075,485$0$0$45,102,571