Can I retire at age 51 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$79,358$78,652$77,962$77,289$76,631$75,800
2 years$39,286$38,555$37,846$37,158$36,491$35,654
3 years$25,931$25,196$24,489$23,808$23,152$22,334
4 years$19,254$18,522$17,821$17,152$16,512$15,721
5 years$15,249$14,521$13,830$13,174$12,552$11,790
6 years$12,580$11,858$11,177$10,536$9,932$9,200
7 years$10,675$9,958$9,288$8,662$8,077$7,376
8 years$9,246$8,536$7,877$7,266$6,701$6,029
9 years$8,135$7,432$6,784$6,189$5,643$5,001
10 years$7,248$6,551$5,915$5,335$4,808$4,196
11 years$6,522$5,832$5,207$4,643$4,135$3,552
12 years$5,917$5,234$4,621$4,073$3,584$3,028
13 years$5,406$4,730$4,129$3,596$3,125$2,597
14 years$4,968$4,300$3,710$3,192$2,739$2,238
15 years$4,589$3,928$3,349$2,847$2,412$1,937
16 years$4,258$3,604$3,037$2,549$2,132$1,682
17 years$3,966$3,319$2,763$2,290$1,890$1,465
18 years$3,706$3,067$2,523$2,064$1,681$1,279
19 years$3,474$2,842$2,309$1,865$1,498$1,119
20 years$3,266$2,641$2,119$1,689$1,338$981
21 years$3,078$2,460$1,949$1,533$1,197$861
22 years$2,907$2,297$1,797$1,394$1,073$757
23 years$2,751$2,148$1,659$1,269$963$667
24 years$2,609$2,012$1,534$1,158$866$588
25 years$2,478$1,889$1,421$1,057$779$518
26 years$2,357$1,775$1,318$967$702$457
27 years$2,245$1,670$1,224$885$633$404
28 years$2,142$1,574$1,138$811$571$357
29 years$2,046$1,485$1,059$743$516$316
30 years$1,956$1,402$986$682$466$280
31 years$1,873$1,326$919$627$421$247
32 years$1,794$1,254$858$576$381$219
33 years$1,721$1,188$801$530$345$194
34 years$1,652$1,126$748$487$312$172
35 years$1,587$1,068$700$449$283$152
36 years$1,526$1,014$654$413$256$135
37 years$1,469$963$613$381$232$120
38 years$1,414$915$574$351$211$106
39 years$1,363$870$537$323$191$94
40 years$1,314$828$504$298$173$84
41 years$1,268$788$472$275$157$74
42 years$1,223$750$443$254$143$66
43 years$1,182$715$416$235$129$58
44 years$1,142$681$390$217$117$52
45 years$1,104$650$366$200$107$46
46 years$1,068$620$344$185$97$41
47 years$1,033$592$323$171$88$36
48 years$1,000$565$304$158$80$32
49 years$968$539$286$146$72$29
50 years$938$515$269$135$66$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $961,000, adding $3,208 every year, while hoping to spend $39,030 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: 37/39/24 Blend
50$961,000$961,000$961,000$961,000
51$1,062,331$1,011,398$996,503$1,093,886
52$1,129,161$1,019,429$988,358$1,125,310
53$1,201,500$1,026,545$978,632$1,155,389
54$1,279,868$1,032,661$967,231$1,187,104
55$1,364,837$1,037,684$954,056$1,220,628
56$1,457,038$1,041,518$939,005$1,256,150
57$1,557,163$1,044,059$921,968$1,293,884
58$1,665,972$1,045,197$902,833$1,334,069
59$1,784,305$1,044,815$881,481$1,376,967
60$1,913,082$1,042,789$857,789$1,422,875
61$2,053,318$1,038,987$831,626$1,472,119
62$2,206,129$1,033,270$802,858$1,525,063
63$2,372,742$1,025,489$771,342$1,582,114
64$2,554,510$1,015,486$736,931$1,643,720
65$2,752,921$1,003,096$699,468$1,710,381
66$2,969,612$988,140$658,794$1,782,655
67$3,206,386$970,432$614,737$1,861,156
68$3,465,228$949,774$567,121$1,946,569
69$3,748,323$925,955$515,761$2,039,654
70$4,058,077$898,752$460,465$2,141,252
71$4,397,141$867,931$401,030$2,252,299
72$4,768,431$833,241$337,246$2,373,828
73$5,175,160$794,419$268,893$2,506,989
74$5,620,866$751,185$195,741$2,653,052
75$6,109,446$703,246$117,550$2,813,427
76$6,645,192$650,287$34,071$2,989,673
77$7,232,831$591,980$0$3,183,518
78$7,877,568$527,975$0$3,410,964
79$8,585,138$457,905$0$3,670,266
80$9,361,859$381,378$0$3,955,105
81$10,214,687$297,985$0$4,268,149
82$11,151,289$207,290$0$4,612,346
83$12,180,107$108,834$0$4,990,949
84$13,310,443$2,132$0$5,407,553
85$14,552,545$0$0$5,866,126
86$15,917,700$0$0$6,419,683
87$17,418,347$0$0$7,029,333
88$19,068,186$0$0$7,699,745
89$20,882,314$0$0$8,437,071
90$22,877,361$0$0$9,248,091
91$25,071,653$0$0$10,140,274
92$27,485,377$0$0$11,121,849
93$30,140,779$0$0$12,201,883
94$33,062,366$0$0$13,390,368
95$36,277,143$0$0$14,698,311
96$39,814,863$0$0$16,137,841
97$43,708,310$0$0$17,722,323
98$47,993,607$0$0$19,466,482
99$52,710,556$0$0$21,386,544
100$57,903,015$0$0$23,500,389