Can I retire at age 51 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$79,276$78,570$77,881$77,208$76,552$76,133
2 years$39,245$38,515$37,806$37,119$36,453$36,031
3 years$25,904$25,170$24,463$23,783$23,127$22,714
4 years$19,234$18,502$17,803$17,134$16,495$16,094
5 years$15,234$14,506$13,816$13,161$12,539$12,152
6 years$12,567$11,845$11,165$10,525$9,922$9,549
7 years$10,664$9,948$9,278$8,653$8,069$7,710
8 years$9,236$8,527$7,869$7,259$6,694$6,350
9 years$8,127$7,424$6,777$6,183$5,637$5,307
10 years$7,240$6,544$5,909$5,330$4,803$4,488
11 years$6,515$5,826$5,202$4,638$4,131$3,829
12 years$5,911$5,229$4,617$4,068$3,580$3,292
13 years$5,400$4,725$4,125$3,592$3,122$2,847
14 years$4,963$4,295$3,706$3,188$2,736$2,475
15 years$4,584$3,924$3,346$2,844$2,409$2,160
16 years$4,253$3,600$3,034$2,546$2,129$1,893
17 years$3,961$3,316$2,760$2,288$1,888$1,663
18 years$3,702$3,064$2,520$2,062$1,679$1,466
19 years$3,471$2,839$2,307$1,863$1,496$1,295
20 years$3,263$2,639$2,117$1,687$1,337$1,146
21 years$3,075$2,458$1,947$1,531$1,196$1,016
22 years$2,904$2,294$1,795$1,392$1,072$902
23 years$2,748$2,146$1,657$1,268$962$802
24 years$2,606$2,010$1,533$1,156$865$713
25 years$2,475$1,887$1,420$1,056$778$636
26 years$2,354$1,773$1,317$966$701$567
27 years$2,243$1,669$1,223$884$632$506
28 years$2,140$1,572$1,136$810$570$452
29 years$2,044$1,483$1,058$743$515$404
30 years$1,954$1,401$985$682$465$361
31 years$1,871$1,324$918$626$421$323
32 years$1,792$1,253$857$575$381$289
33 years$1,719$1,187$800$529$344$259
34 years$1,650$1,125$748$487$312$232
35 years$1,586$1,067$699$448$282$208
36 years$1,525$1,013$654$413$256$186
37 years$1,467$962$612$380$232$167
38 years$1,413$914$573$350$210$150
39 years$1,361$869$537$323$191$134
40 years$1,312$827$503$298$173$120
41 years$1,266$787$472$275$157$108
42 years$1,222$750$443$254$142$97
43 years$1,180$714$415$234$129$87
44 years$1,141$681$390$216$117$78
45 years$1,103$649$366$200$106$70
46 years$1,067$619$344$185$97$63
47 years$1,032$591$323$170$88$57
48 years$999$564$304$158$80$51
49 years$967$539$285$146$72$46
50 years$937$515$268$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $960,000, adding $2,751 every year, while hoping to spend $56,223 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: 28/44/28 Blend
50$960,000$960,000$960,000$960,000
51$1,060,758$1,009,878$994,998$1,081,190
52$1,109,134$999,541$968,509$1,087,409
53$1,160,561$986,813$939,249$1,089,047
54$1,215,289$971,518$907,065$1,089,677
55$1,273,594$953,469$871,798$1,089,251
56$1,335,779$932,467$833,281$1,087,722
57$1,402,173$908,302$791,341$1,085,045
58$1,473,140$880,753$745,795$1,081,178
59$1,549,074$849,585$696,454$1,076,079
60$1,630,413$814,548$643,119$1,069,710
61$1,717,634$775,379$585,581$1,062,038
62$1,811,260$731,800$523,626$1,053,032
63$1,911,866$683,516$457,025$1,042,669
64$2,020,084$630,216$385,543$1,030,932
65$2,136,606$571,570$308,932$1,017,810
66$2,262,193$507,230$226,934$1,003,304
67$2,397,681$436,828$139,281$987,424
68$2,543,988$359,977$45,690$970,192
69$2,702,123$276,264$0$951,646
70$2,873,196$185,257$0$948,028
71$3,058,425$86,498$0$958,842
72$3,259,150$0$0$970,612
73$3,476,846$0$0$993,481
74$3,713,132$0$0$1,063,891
75$3,969,791$0$0$1,140,508
76$4,248,785$0$0$1,223,935
77$4,552,268$0$0$1,314,835
78$4,882,616$0$0$1,413,938
79$5,242,438$0$0$1,522,047
80$5,634,609$0$0$1,640,045
81$6,062,291$0$0$1,768,905
82$6,528,964$0$0$1,909,699
83$7,038,460$0$0$2,063,606
84$7,594,996$0$0$2,231,923
85$8,203,216$0$0$2,416,080
86$8,868,229$0$0$2,617,651
87$9,595,665$0$0$2,838,368
88$10,391,721$0$0$3,080,141
89$11,263,218$0$0$3,345,071
90$12,217,673$0$0$3,635,473
91$13,263,357$0$0$3,953,896
92$14,409,386$0$0$4,303,147
93$15,665,794$0$0$4,686,319
94$17,043,636$0$0$5,106,819
95$18,555,084$0$0$5,568,399
96$20,213,551$0$0$6,075,191
97$22,033,805$0$0$6,631,748
98$24,032,116$0$0$7,243,087
99$26,226,408$0$0$7,914,731
100$28,636,422$0$0$8,652,768