Can I retire at age 51 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$79,276$78,570$77,881$77,208$76,552$75,533
2 years$39,245$38,515$37,806$37,119$36,453$35,428
3 years$25,904$25,170$24,463$23,783$23,127$22,128
4 years$19,234$18,502$17,803$17,134$16,495$15,529
5 years$15,234$14,506$13,816$13,161$12,539$11,610
6 years$12,567$11,845$11,165$10,525$9,922$9,030
7 years$10,664$9,948$9,278$8,653$8,069$7,215
8 years$9,236$8,527$7,869$7,259$6,694$5,878
9 years$8,127$7,424$6,777$6,183$5,637$4,858
10 years$7,240$6,544$5,909$5,330$4,803$4,061
11 years$6,515$5,826$5,202$4,638$4,131$3,425
12 years$5,911$5,229$4,617$4,068$3,580$2,909
13 years$5,400$4,725$4,125$3,592$3,122$2,485
14 years$4,963$4,295$3,706$3,188$2,736$2,133
15 years$4,584$3,924$3,346$2,844$2,409$1,839
16 years$4,253$3,600$3,034$2,546$2,129$1,590
17 years$3,961$3,316$2,760$2,288$1,888$1,379
18 years$3,702$3,064$2,520$2,062$1,679$1,199
19 years$3,471$2,839$2,307$1,863$1,496$1,044
20 years$3,263$2,639$2,117$1,687$1,337$912
21 years$3,075$2,458$1,947$1,531$1,196$797
22 years$2,904$2,294$1,795$1,392$1,072$697
23 years$2,748$2,146$1,657$1,268$962$611
24 years$2,606$2,010$1,533$1,156$865$536
25 years$2,475$1,887$1,420$1,056$778$471
26 years$2,354$1,773$1,317$966$701$413
27 years$2,243$1,669$1,223$884$632$363
28 years$2,140$1,572$1,136$810$570$320
29 years$2,044$1,483$1,058$743$515$281
30 years$1,954$1,401$985$682$465$248
31 years$1,871$1,324$918$626$421$218
32 years$1,792$1,253$857$575$381$192
33 years$1,719$1,187$800$529$344$169
34 years$1,650$1,125$748$487$312$149
35 years$1,586$1,067$699$448$282$132
36 years$1,525$1,013$654$413$256$116
37 years$1,467$962$612$380$232$103
38 years$1,413$914$573$350$210$90
39 years$1,361$869$537$323$191$80
40 years$1,312$827$503$298$173$70
41 years$1,266$787$472$275$157$62
42 years$1,222$750$443$254$142$55
43 years$1,180$714$415$234$129$48
44 years$1,141$681$390$216$117$43
45 years$1,103$649$366$200$106$38
46 years$1,067$619$344$185$97$33
47 years$1,032$591$323$170$88$29
48 years$999$564$304$158$80$26
49 years$967$539$285$146$72$23
50 years$937$515$268$135$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $960,000, adding $2,683 every year, while hoping to spend $23,197 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: 73/17/10 Blend
50$960,000$960,000$960,000$960,000
51$1,060,688$1,009,808$994,928$1,135,947
52$1,144,196$1,034,607$1,003,576$1,210,807
53$1,235,445$1,059,843$1,011,737$1,289,624
54$1,335,200$1,085,515$1,019,369$1,375,309
55$1,444,302$1,111,617$1,026,430$1,468,533
56$1,563,680$1,138,145$1,032,874$1,570,038
57$1,694,354$1,165,093$1,038,654$1,680,638
58$1,837,448$1,192,453$1,043,720$1,801,233
59$1,994,202$1,220,217$1,048,018$1,932,811
60$2,165,979$1,248,376$1,051,495$2,076,463
61$2,354,281$1,276,918$1,054,092$2,233,388
62$2,560,761$1,305,831$1,055,748$2,404,910
63$2,787,243$1,335,101$1,056,400$2,592,483
64$3,035,732$1,364,711$1,055,979$2,797,714
65$3,308,439$1,394,644$1,054,417$3,022,369
66$3,607,798$1,424,880$1,051,638$3,268,397
67$3,936,492$1,455,398$1,047,567$3,537,943
68$4,297,475$1,486,173$1,042,121$3,833,371
69$4,694,001$1,517,179$1,035,215$4,157,286
70$5,129,655$1,548,387$1,026,762$4,512,557
71$5,608,387$1,579,766$1,016,666$4,902,348
72$6,134,549$1,611,280$1,004,830$5,330,141
73$6,712,933$1,642,894$991,152$5,799,777
74$7,348,822$1,674,565$975,525$6,315,485
75$8,048,033$1,706,249$957,836$6,881,927
76$8,816,977$1,737,900$937,968$7,504,239
77$9,662,716$1,769,465$915,798$8,188,081
78$10,593,033$1,800,888$891,197$8,939,691
79$11,616,501$1,832,110$864,031$9,765,940
80$12,742,566$1,863,066$834,158$10,674,402
81$13,981,637$1,893,686$801,431$11,673,423
82$15,345,182$1,923,895$765,698$12,772,199
83$16,845,838$1,953,612$726,796$13,980,865
84$18,497,527$1,982,753$684,557$15,310,590
85$20,315,591$2,011,224$638,806$16,773,679
86$22,316,934$2,038,926$589,358$18,383,695
87$24,520,182$2,065,755$536,022$20,155,584
88$26,945,859$2,091,596$478,598$22,105,817
89$29,616,581$2,116,328$416,875$24,252,542
90$32,557,268$2,139,823$350,636$26,615,761
91$35,795,377$2,161,943$279,651$29,217,517
92$39,361,169$2,182,541$203,682$32,082,100
93$43,287,982$2,201,460$122,479$35,236,277
94$47,612,558$2,218,533$35,784$38,709,549
95$52,375,380$2,233,583$0$42,534,424
96$57,621,060$2,246,419$0$46,752,780
97$63,398,757$2,256,842$0$51,402,511
98$69,762,639$2,264,636$0$56,523,336
99$76,772,399$2,269,575$0$62,163,233
100$84,493,815$2,271,415$0$68,375,074