Can I retire at age 51 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$79,111$78,406$77,719$77,048$76,392$75,469
2 years$39,164$38,434$37,727$37,042$36,377$35,448
3 years$25,850$25,117$24,412$23,733$23,079$22,173
4 years$19,194$18,464$17,766$17,098$16,460$15,584
5 years$15,202$14,476$13,787$13,133$12,513$11,669
6 years$12,541$11,821$11,142$10,503$9,901$9,091
7 years$10,641$9,927$9,259$8,635$8,052$7,276
8 years$9,217$8,509$7,852$7,244$6,680$5,937
9 years$8,110$7,409$6,763$6,170$5,626$4,916
10 years$7,225$6,531$5,896$5,319$4,793$4,117
11 years$6,501$5,814$5,191$4,629$4,122$3,479
12 years$5,898$5,218$4,607$4,060$3,572$2,960
13 years$5,389$4,716$4,116$3,584$3,115$2,534
14 years$4,952$4,286$3,698$3,182$2,731$2,180
15 years$4,575$3,916$3,339$2,838$2,404$1,882
16 years$4,244$3,593$3,027$2,541$2,125$1,631
17 years$3,953$3,309$2,755$2,283$1,884$1,418
18 years$3,695$3,057$2,515$2,057$1,675$1,235
19 years$3,464$2,833$2,302$1,859$1,493$1,078
20 years$3,256$2,633$2,113$1,684$1,334$943
21 years$3,068$2,453$1,943$1,528$1,194$826
22 years$2,898$2,289$1,791$1,389$1,070$725
23 years$2,743$2,141$1,654$1,265$960$637
24 years$2,600$2,006$1,529$1,154$863$560
25 years$2,470$1,883$1,417$1,054$777$493
26 years$2,350$1,769$1,314$964$700$434
27 years$2,238$1,665$1,220$882$631$382
28 years$2,135$1,569$1,134$808$569$337
29 years$2,039$1,480$1,055$741$514$297
30 years$1,950$1,398$983$680$464$262
31 years$1,867$1,322$916$625$420$232
32 years$1,789$1,250$855$574$380$205
33 years$1,716$1,184$798$528$344$181
34 years$1,647$1,122$746$486$311$160
35 years$1,582$1,065$697$447$282$141
36 years$1,522$1,010$652$412$255$125
37 years$1,464$960$611$379$231$111
38 years$1,410$912$572$350$210$98
39 years$1,358$867$536$322$190$87
40 years$1,310$825$502$297$173$77
41 years$1,264$785$471$274$157$68
42 years$1,220$748$442$253$142$60
43 years$1,178$713$414$234$129$53
44 years$1,138$679$389$216$117$47
45 years$1,100$648$365$199$106$42
46 years$1,064$618$343$184$96$37
47 years$1,030$590$322$170$88$33
48 years$997$563$303$157$80$29
49 years$965$538$285$145$72$26
50 years$935$514$268$134$66$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $958,000, adding $4,827 every year, while hoping to spend $57,423 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: 68/19/13 Blend
50$958,000$958,000$958,000$958,000
51$1,060,695$1,009,921$995,072$1,129,409
52$1,107,788$998,310$967,309$1,164,141
53$1,157,761$984,205$936,692$1,194,823
54$1,210,845$967,423$903,064$1,226,904
55$1,267,296$947,772$866,261$1,260,515
56$1,327,393$925,045$826,114$1,295,801
57$1,391,440$899,026$782,442$1,332,923
58$1,459,774$869,485$735,061$1,372,062
59$1,532,759$836,178$683,773$1,413,418
60$1,610,797$798,848$628,377$1,457,212
61$1,694,329$757,222$568,658$1,503,692
62$1,783,837$711,012$504,394$1,553,133
63$1,879,850$659,913$435,353$1,605,839
64$1,982,950$603,604$361,292$1,662,149
65$2,093,773$541,743$281,958$1,722,439
66$2,213,020$473,971$197,086$1,787,126
67$2,341,460$399,906$106,400$1,856,674
68$2,479,935$319,148$9,611$1,931,597
69$2,629,374$231,272$0$2,012,464
70$2,790,795$135,829$0$2,112,901
71$2,965,317$32,346$0$2,222,884
72$3,154,172$0$0$2,341,898
73$3,358,711$0$0$2,487,512
74$3,580,421$0$0$2,652,727
75$3,820,938$0$0$2,832,007
76$4,082,061$0$0$3,026,697
77$4,365,766$0$0$3,238,279
78$4,674,231$0$0$3,468,383
79$5,009,848$0$0$3,718,801
80$5,375,252$0$0$3,991,506
81$5,773,341$0$0$4,288,668
82$6,207,304$0$0$4,612,677
83$6,680,651$0$0$4,966,161
84$7,197,246$0$0$5,352,015
85$7,761,342$0$0$5,773,424
86$8,377,619$0$0$6,233,896
87$9,051,233$0$0$6,737,290
88$9,787,856$0$0$7,287,858
89$10,593,738$0$0$7,890,280
90$11,475,756$0$0$8,549,709
91$12,441,485$0$0$9,271,821
92$13,499,268$0$0$10,062,864
93$14,658,291$0$0$10,929,722
94$15,928,670$0$0$11,879,972
95$17,321,547$0$0$12,921,964
96$18,849,195$0$0$14,064,892
97$20,525,129$0$0$15,318,882
98$22,364,239$0$0$16,695,090
99$24,382,922$0$0$18,205,801
100$26,599,243$0$0$19,864,551