Can I retire at age 51 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$79,028$78,324$77,637$76,967$76,313$74,559
2 years$39,123$38,394$37,688$37,003$36,339$34,582
3 years$25,823$25,091$24,387$23,708$23,055$21,349
4 years$19,174$18,445$17,747$17,081$16,443$14,802
5 years$15,186$14,461$13,773$13,120$12,500$10,928
6 years$12,528$11,808$11,130$10,492$9,891$8,389
7 years$10,630$9,917$9,249$8,626$8,044$6,613
8 years$9,208$8,500$7,844$7,236$6,673$5,313
9 years$8,102$7,401$6,756$6,164$5,620$4,329
10 years$7,217$6,524$5,890$5,313$4,788$3,566
11 years$6,494$5,808$5,186$4,624$4,118$2,962
12 years$5,892$5,213$4,602$4,056$3,569$2,477
13 years$5,383$4,711$4,112$3,581$3,112$2,083
14 years$4,947$4,282$3,694$3,178$2,728$1,760
15 years$4,570$3,912$3,336$2,835$2,402$1,492
16 years$4,240$3,589$3,024$2,538$2,123$1,268
17 years$3,949$3,305$2,752$2,280$1,882$1,081
18 years$3,691$3,054$2,512$2,055$1,674$924
19 years$3,460$2,831$2,300$1,857$1,492$791
20 years$3,253$2,630$2,111$1,682$1,332$678
21 years$3,065$2,450$1,941$1,526$1,192$582
22 years$2,895$2,287$1,789$1,388$1,069$500
23 years$2,740$2,139$1,652$1,264$959$430
24 years$2,598$2,004$1,528$1,153$862$370
25 years$2,467$1,881$1,415$1,053$776$319
26 years$2,347$1,768$1,312$963$699$275
27 years$2,236$1,663$1,219$881$630$237
28 years$2,133$1,568$1,133$807$569$204
29 years$2,037$1,479$1,054$740$513$176
30 years$1,948$1,397$982$679$464$152
31 years$1,865$1,320$916$624$419$131
32 years$1,787$1,249$854$573$379$114
33 years$1,714$1,183$798$527$343$98
34 years$1,645$1,121$745$485$311$85
35 years$1,581$1,063$697$447$282$73
36 years$1,520$1,009$652$411$255$63
37 years$1,463$959$610$379$231$55
38 years$1,408$911$571$349$210$47
39 years$1,357$866$535$322$190$41
40 years$1,308$824$502$297$172$35
41 years$1,262$785$470$274$156$31
42 years$1,218$747$441$253$142$26
43 years$1,177$712$414$234$129$23
44 years$1,137$679$389$216$117$20
45 years$1,099$647$365$199$106$17
46 years$1,063$617$343$184$96$15
47 years$1,029$589$322$170$88$13
48 years$996$562$303$157$79$11
49 years$964$537$284$145$72$10
50 years$934$513$267$134$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $957,000, adding $6,570 every year, while hoping to spend $22,088 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: 44/43/13 Blend
50$957,000$957,000$957,000$957,000
51$1,061,391$1,010,670$995,836$1,103,849
52$1,146,151$1,036,691$1,005,696$1,160,139
53$1,238,817$1,063,247$1,015,145$1,218,371
54$1,340,171$1,090,341$1,024,147$1,281,000
55$1,451,075$1,117,975$1,032,662$1,348,439
56$1,572,480$1,146,150$1,040,651$1,421,145
57$1,705,429$1,174,868$1,048,069$1,499,619
58$1,851,075$1,204,128$1,054,872$1,584,413
59$2,010,684$1,233,931$1,061,010$1,676,135
60$2,185,655$1,264,274$1,066,434$1,775,455
61$2,377,523$1,295,155$1,071,091$1,883,110
62$2,587,983$1,326,571$1,074,926$1,999,912
63$2,818,901$1,358,516$1,077,880$2,126,757
64$3,072,332$1,390,986$1,079,891$2,264,630
65$3,350,538$1,423,972$1,080,895$2,414,616
66$3,656,013$1,457,467$1,080,826$2,577,912
67$3,991,503$1,491,460$1,079,611$2,755,835
68$4,360,035$1,525,941$1,077,176$2,949,838
69$4,764,942$1,560,894$1,073,444$3,161,519
70$5,209,894$1,596,307$1,068,333$3,392,643
71$5,698,938$1,632,160$1,061,757$3,645,151
72$6,236,530$1,668,436$1,053,626$3,921,182
73$6,827,580$1,705,113$1,043,846$4,223,097
74$7,477,497$1,742,168$1,032,319$4,553,494
75$8,192,240$1,779,573$1,018,941$4,915,237
76$8,978,377$1,817,300$1,003,604$5,311,482
77$9,843,142$1,855,318$986,194$5,745,709
78$10,794,505$1,893,591$966,594$6,221,749
79$11,841,249$1,932,082$944,680$6,743,828
80$12,993,050$1,970,748$920,321$7,316,603
81$14,260,571$2,009,545$893,381$7,945,203
82$15,655,560$2,048,422$863,720$8,635,284
83$17,190,960$2,087,328$831,188$9,393,079
84$18,881,035$2,126,204$795,629$10,225,457
85$20,741,500$2,164,988$756,883$11,139,989
86$22,789,672$2,203,612$714,778$12,145,016
87$25,044,634$2,242,004$669,137$13,249,737
88$27,527,409$2,280,085$619,776$14,464,284
89$30,261,166$2,317,770$566,500$15,799,828
90$33,271,435$2,354,971$509,108$17,268,680
91$36,586,345$2,391,588$447,387$18,884,408
92$40,236,895$2,427,518$381,116$20,661,964
93$44,257,241$2,462,649$310,067$22,617,830
94$48,685,022$2,496,862$233,996$24,770,170
95$53,561,713$2,530,027$152,654$27,139,002
96$58,933,018$2,562,008$65,778$29,746,392
97$64,849,298$2,592,659$0$32,616,654
98$71,366,049$2,621,822$0$35,780,326
99$78,544,426$2,649,332$0$39,273,189
100$86,451,818$2,675,009$0$43,118,704