Can I retire at age 51 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$78,780$78,079$77,394$76,726$76,073$75,499
2 years$39,000$38,274$37,570$36,887$36,225$35,646
3 years$25,742$25,012$24,310$23,634$22,983$22,417
4 years$19,114$18,387$17,692$17,027$16,392$15,843
5 years$15,138$14,415$13,729$13,078$12,461$11,932
6 years$12,489$11,771$11,095$10,459$9,860$9,351
7 years$10,597$9,886$9,220$8,599$8,019$7,530
8 years$9,179$8,474$7,820$7,213$6,652$6,183
9 years$8,076$7,378$6,735$6,144$5,602$5,153
10 years$7,195$6,503$5,872$5,296$4,773$4,344
11 years$6,474$5,789$5,169$4,609$4,105$3,695
12 years$5,874$5,196$4,588$4,043$3,557$3,167
13 years$5,366$4,696$4,099$3,569$3,102$2,730
14 years$4,932$4,268$3,683$3,169$2,719$2,365
15 years$4,556$3,899$3,325$2,826$2,394$2,058
16 years$4,227$3,578$3,015$2,530$2,116$1,797
17 years$3,937$3,295$2,743$2,273$1,876$1,574
18 years$3,679$3,045$2,504$2,049$1,668$1,382
19 years$3,449$2,822$2,292$1,851$1,487$1,216
20 years$3,242$2,622$2,104$1,677$1,328$1,072
21 years$3,055$2,442$1,935$1,522$1,189$947
22 years$2,886$2,280$1,784$1,384$1,065$838
23 years$2,731$2,132$1,647$1,260$956$742
24 years$2,590$1,998$1,523$1,149$860$658
25 years$2,460$1,875$1,411$1,050$774$584
26 years$2,340$1,762$1,308$960$697$519
27 years$2,229$1,658$1,215$878$628$461
28 years$2,126$1,563$1,129$805$567$410
29 years$2,031$1,474$1,051$738$512$365
30 years$1,942$1,392$979$677$462$325
31 years$1,859$1,316$913$622$418$290
32 years$1,781$1,245$852$572$378$258
33 years$1,708$1,179$795$526$342$230
34 years$1,640$1,118$743$484$310$205
35 years$1,576$1,060$695$445$281$183
36 years$1,515$1,006$650$410$254$164
37 years$1,458$956$608$378$230$146
38 years$1,404$908$569$348$209$130
39 years$1,353$864$534$321$189$116
40 years$1,304$822$500$296$172$104
41 years$1,258$782$469$273$156$93
42 years$1,215$745$440$252$141$83
43 years$1,173$710$413$233$128$74
44 years$1,133$677$387$215$117$66
45 years$1,096$645$364$199$106$59
46 years$1,060$615$342$183$96$53
47 years$1,026$587$321$169$87$47
48 years$993$561$302$157$79$42
49 years$961$535$284$145$72$38
50 years$931$511$267$134$65$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $954,000, adding $2,226 every year, while hoping to spend $54,441 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: 59/13/28 Blend
50$954,000$954,000$954,000$954,000
51$1,053,604$1,003,042$988,255$1,107,624
52$1,103,147$994,266$963,437$1,136,030
53$1,155,918$983,236$935,963$1,161,025
54$1,212,191$969,783$905,686$1,187,158
55$1,272,261$953,729$872,453$1,214,556
56$1,336,456$934,887$836,105$1,243,359
57$1,405,134$913,055$796,473$1,273,723
58$1,478,686$888,023$753,383$1,305,823
59$1,557,542$859,566$706,652$1,339,857
60$1,642,175$827,449$656,088$1,376,044
61$1,733,101$791,418$601,492$1,414,628
62$1,830,890$751,211$542,655$1,455,882
63$1,936,166$706,545$479,359$1,500,111
64$2,049,613$657,124$411,375$1,547,654
65$2,171,984$602,634$338,467$1,598,890
66$2,304,107$542,743$260,386$1,654,238
67$2,446,889$477,101$176,873$1,714,168
68$2,601,330$405,337$87,656$1,779,198
69$2,768,527$327,059$0$1,849,909
70$2,949,686$241,855$0$1,929,201
71$3,146,135$149,286$0$2,043,624
72$3,359,332$48,893$0$2,167,848
73$3,590,883$0$0$2,302,849
74$3,842,552$0$0$2,458,261
75$4,116,282$0$0$2,634,972
76$4,414,208$0$0$2,827,375
77$4,738,682$0$0$3,036,998
78$5,092,290$0$0$3,265,521
79$5,477,880$0$0$3,514,794
80$5,898,585$0$0$3,786,853
81$6,357,853$0$0$4,083,939
82$6,859,481$0$0$4,408,518
83$7,407,648$0$0$4,763,307
84$8,006,957$0$0$5,151,296
85$8,662,472$0$0$5,575,777
86$9,379,773$0$0$6,040,375
87$10,165,000$0$0$6,549,083
88$11,024,918$0$0$7,106,294
89$11,966,976$0$0$7,716,851
90$12,999,374$0$0$8,386,086
91$14,131,148$0$0$9,119,868
92$15,372,247$0$0$9,924,666
93$16,733,629$0$0$10,807,603
94$18,227,365$0$0$11,776,523
95$19,866,749$0$0$12,840,070
96$21,666,427$0$0$14,007,762
97$23,642,529$0$0$15,290,086
98$25,812,827$0$0$16,698,593
99$28,196,897$0$0$18,246,009
100$30,816,303$0$0$19,946,353