Can I retire at age 51 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$78,863$78,161$77,475$76,806$76,153$73,276
2 years$39,041$38,314$37,609$36,926$36,263$33,399
3 years$25,769$25,039$24,336$23,659$23,007$20,244
4 years$19,134$18,406$17,710$17,045$16,409$13,769
5 years$15,154$14,431$13,744$13,092$12,474$9,964
6 years$12,502$11,784$11,107$10,470$9,870$7,492
7 years$10,608$9,896$9,230$8,608$8,027$5,780
8 years$9,188$8,483$7,828$7,221$6,659$4,541
9 years$8,085$7,386$6,742$6,151$5,608$3,615
10 years$7,202$6,510$5,878$5,302$4,778$2,908
11 years$6,481$5,796$5,175$4,614$4,109$2,357
12 years$5,880$5,202$4,592$4,047$3,561$1,922
13 years$5,372$4,701$4,103$3,573$3,105$1,575
14 years$4,937$4,273$3,687$3,172$2,722$1,296
15 years$4,560$3,903$3,329$2,829$2,397$1,070
16 years$4,231$3,581$3,018$2,533$2,118$885
17 years$3,941$3,298$2,746$2,276$1,878$734
18 years$3,683$3,048$2,507$2,051$1,670$609
19 years$3,453$2,825$2,295$1,853$1,489$507
20 years$3,246$2,625$2,106$1,678$1,330$422
21 years$3,059$2,445$1,937$1,523$1,190$352
22 years$2,889$2,282$1,785$1,385$1,067$293
23 years$2,734$2,134$1,649$1,261$957$245
24 years$2,592$2,000$1,525$1,150$861$205
25 years$2,462$1,877$1,412$1,051$774$171
26 years$2,342$1,764$1,310$961$697$143
27 years$2,231$1,660$1,216$879$629$119
28 years$2,128$1,564$1,131$806$567$100
29 years$2,033$1,476$1,052$739$512$84
30 years$1,944$1,394$980$678$463$70
31 years$1,861$1,317$914$623$419$59
32 years$1,783$1,247$852$572$379$49
33 years$1,710$1,181$796$526$343$41
34 years$1,642$1,119$744$484$310$34
35 years$1,577$1,061$695$446$281$29
36 years$1,517$1,007$650$411$255$24
37 years$1,460$957$609$378$231$20
38 years$1,405$909$570$349$209$17
39 years$1,354$865$534$321$190$14
40 years$1,306$823$501$296$172$12
41 years$1,260$783$469$274$156$10
42 years$1,216$746$440$252$142$8
43 years$1,174$710$413$233$129$7
44 years$1,135$677$388$215$117$6
45 years$1,097$646$364$199$106$5
46 years$1,061$616$342$184$96$4
47 years$1,027$588$321$170$87$3
48 years$994$561$302$157$79$3
49 years$962$536$284$145$72$2
50 years$932$512$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $955,000, adding $5,456 every year, while hoping to spend $22,696 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: 25/49/26 Blend
50$955,000$955,000$955,000$955,000
51$1,058,038$1,007,423$992,620$1,075,714
52$1,141,809$1,032,638$1,001,725$1,115,934
53$1,233,365$1,058,328$1,010,374$1,156,731
54$1,333,474$1,084,493$1,018,527$1,199,997
55$1,442,986$1,111,130$1,026,145$1,245,953
56$1,562,832$1,138,237$1,033,183$1,294,844
57$1,694,042$1,165,812$1,039,596$1,346,939
58$1,837,747$1,193,850$1,045,335$1,402,535
59$1,995,194$1,222,345$1,050,350$1,461,960
60$2,167,755$1,251,291$1,054,588$1,525,573
61$2,356,943$1,280,681$1,057,993$1,593,772
62$2,564,422$1,310,505$1,060,507$1,666,997
63$2,792,026$1,340,753$1,062,067$1,745,730
64$3,041,777$1,371,414$1,062,610$1,830,504
65$3,315,898$1,402,473$1,062,068$1,921,907
66$3,616,841$1,433,916$1,060,369$2,020,589
67$3,947,306$1,465,725$1,057,438$2,127,263
68$4,310,268$1,497,882$1,053,199$2,242,719
69$4,709,002$1,530,365$1,047,568$2,367,827
70$5,147,118$1,563,150$1,040,459$2,503,545
71$5,628,592$1,596,213$1,031,783$2,650,932
72$6,157,806$1,629,525$1,021,445$2,811,155
73$6,739,585$1,663,055$1,009,346$2,985,501
74$7,379,247$1,696,768$995,383$3,175,389
75$8,082,649$1,730,629$979,447$3,382,387
76$8,856,246$1,764,596$961,425$3,608,220
77$9,707,148$1,798,627$941,199$3,854,794
78$10,643,191$1,832,673$918,642$4,124,209
79$11,673,006$1,866,684$893,627$4,418,782
80$12,806,105$1,900,604$866,016$4,741,069
81$14,052,968$1,934,374$835,667$5,093,888
82$15,425,140$1,967,928$802,432$5,480,347
83$16,935,346$2,001,197$766,155$5,903,874
84$18,597,603$2,034,108$726,672$6,368,248
85$20,427,358$2,066,579$683,815$6,877,640
86$22,441,631$2,098,524$637,406$7,436,644
87$24,659,177$2,129,850$587,258$8,050,333
88$27,100,660$2,160,460$533,178$8,724,294
89$29,788,851$2,190,246$474,963$9,464,693
90$32,748,841$2,219,096$412,402$10,278,328
91$36,008,278$2,246,887$345,273$11,172,694
92$39,597,628$2,273,490$273,345$12,156,055
93$43,550,461$2,298,766$196,378$13,237,524
94$47,903,771$2,322,569$114,119$14,427,150
95$52,698,320$2,344,739$26,306$15,736,010
96$57,979,026$2,365,109$0$17,176,321
97$63,795,387$2,383,499$0$18,780,249
98$70,201,946$2,399,720$0$20,552,947
99$77,258,806$2,413,567$0$22,503,563
100$85,032,197$2,424,825$0$24,650,231