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%17.8%
1 years$79,276$78,570$77,881$77,208$76,552$74,131
2 years$39,245$38,515$37,806$37,119$36,453$34,036
3 years$25,904$25,170$24,463$23,783$23,127$20,790
4 years$19,234$18,502$17,803$17,134$16,495$14,255
5 years$15,234$14,506$13,816$13,161$12,539$10,403
6 years$12,567$11,845$11,165$10,525$9,922$7,891
7 years$10,664$9,948$9,278$8,653$8,069$6,143
8 years$9,236$8,527$7,869$7,259$6,694$4,872
9 years$8,127$7,424$6,777$6,183$5,637$3,918
10 years$7,240$6,544$5,909$5,330$4,803$3,183
11 years$6,515$5,826$5,202$4,638$4,131$2,607
12 years$5,911$5,229$4,617$4,068$3,580$2,149
13 years$5,400$4,725$4,125$3,592$3,122$1,780
14 years$4,963$4,295$3,706$3,188$2,736$1,481
15 years$4,584$3,924$3,346$2,844$2,409$1,236
16 years$4,253$3,600$3,034$2,546$2,129$1,035
17 years$3,961$3,316$2,760$2,288$1,888$868
18 years$3,702$3,064$2,520$2,062$1,679$730
19 years$3,471$2,839$2,307$1,863$1,496$614
20 years$3,263$2,639$2,117$1,687$1,337$518
21 years$3,075$2,458$1,947$1,531$1,196$437
22 years$2,904$2,294$1,795$1,392$1,072$369
23 years$2,748$2,146$1,657$1,268$962$312
24 years$2,606$2,010$1,533$1,156$865$264
25 years$2,475$1,887$1,420$1,056$778$223
26 years$2,354$1,773$1,317$966$701$189
27 years$2,243$1,669$1,223$884$632$160
28 years$2,140$1,572$1,136$810$570$136
29 years$2,044$1,483$1,058$743$515$115
30 years$1,954$1,401$985$682$465$98
31 years$1,871$1,324$918$626$421$83
32 years$1,792$1,253$857$575$381$70
33 years$1,719$1,187$800$529$344$60
34 years$1,650$1,125$748$487$312$50
35 years$1,586$1,067$699$448$282$43
36 years$1,525$1,013$654$413$256$36
37 years$1,467$962$612$380$232$31
38 years$1,413$914$573$350$210$26
39 years$1,361$869$537$323$191$22
40 years$1,312$827$503$298$173$19
41 years$1,266$787$472$275$157$16
42 years$1,222$750$443$254$142$14
43 years$1,180$714$415$234$129$12
44 years$1,141$681$390$216$117$10
45 years$1,103$649$366$200$106$8
46 years$1,067$619$344$185$97$7
47 years$1,032$591$323$170$88$6
48 years$999$564$304$158$80$5
49 years$967$539$285$146$72$4
50 years$937$515$268$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $960,000, adding $4,793 every year, while hoping to spend $28,528 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: 80/8/12 Blend
50$960,000$960,000$960,000$960,000
51$1,062,864$1,011,984$997,104$1,145,165
52$1,140,923$1,031,218$1,000,153$1,219,134
53$1,225,987$1,050,438$1,002,349$1,296,098
54$1,318,742$1,069,613$1,003,632$1,379,727
55$1,419,940$1,088,711$1,003,940$1,470,675
56$1,530,411$1,107,695$1,003,209$1,569,663
57$1,651,068$1,126,527$1,001,372$1,677,484
58$1,782,915$1,145,165$998,356$1,795,010
59$1,927,059$1,163,565$994,088$1,923,206
60$2,084,718$1,181,678$988,488$2,063,130
61$2,257,233$1,199,454$981,476$2,215,950
62$2,446,080$1,216,837$972,965$2,382,954
63$2,652,886$1,233,767$962,865$2,565,559
64$2,879,441$1,250,182$951,081$2,765,327
65$3,127,717$1,266,015$937,516$2,983,978
66$3,399,887$1,281,192$922,065$3,223,408
67$3,698,342$1,295,637$904,621$3,485,707
68$4,025,717$1,309,267$885,070$3,773,176
69$4,384,913$1,321,995$863,293$4,088,352
70$4,779,128$1,333,726$839,167$4,434,029
71$5,211,882$1,344,361$812,562$4,813,287
72$5,687,053$1,353,794$783,342$5,229,520
73$6,208,913$1,361,911$751,365$5,686,467
74$6,782,170$1,368,592$716,483$6,188,248
75$7,412,007$1,373,709$678,541$6,739,406
76$8,104,136$1,377,125$637,376$7,344,943
77$8,864,849$1,378,695$592,820$8,010,374
78$9,701,079$1,378,267$544,695$8,741,776
79$10,620,463$1,375,676$492,816$9,545,845
80$11,631,415$1,370,749$436,990$10,429,962
81$12,743,206$1,363,302$377,016$11,402,257
82$13,966,050$1,353,140$312,682$12,471,695
83$15,311,198$1,340,056$243,769$13,648,151
84$16,791,052$1,323,830$170,046$14,942,508
85$18,419,271$1,304,229$91,274$16,366,763
86$20,210,907$1,281,007$7,203$17,934,133
87$22,182,546$1,253,903$0$19,659,184
88$24,352,461$1,222,639$0$21,568,537
89$26,740,787$1,186,924$0$23,670,987
90$29,369,710$1,146,446$0$25,985,145
91$32,263,676$1,100,877$0$28,532,534
92$35,449,621$1,049,871$0$31,336,873
93$38,957,228$993,060$0$34,424,297
94$42,819,200$930,054$0$37,823,607
95$47,071,576$860,444$0$41,566,538
96$51,754,066$783,795$0$45,688,064
97$56,910,427$699,648$0$50,226,721
98$62,588,877$607,517$0$55,224,978
99$68,842,546$506,889$0$60,729,631
100$75,729,983$397,224$0$66,792,250