Can I retire at age 51 with 961,000?

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 $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%16.5%
1 years$79,358$78,652$77,962$77,289$76,631$74,597
2 years$39,286$38,555$37,846$37,158$36,491$34,456
3 years$25,931$25,196$24,489$23,808$23,152$21,179
4 years$19,254$18,522$17,821$17,152$16,512$14,617
5 years$15,249$14,521$13,830$13,174$12,552$10,740
6 years$12,580$11,858$11,177$10,536$9,932$8,205
7 years$10,675$9,958$9,288$8,662$8,077$6,436
8 years$9,246$8,536$7,877$7,266$6,701$5,143
9 years$8,135$7,432$6,784$6,189$5,643$4,168
10 years$7,248$6,551$5,915$5,335$4,808$3,414
11 years$6,522$5,832$5,207$4,643$4,135$2,820
12 years$5,917$5,234$4,621$4,073$3,584$2,344
13 years$5,406$4,730$4,129$3,596$3,125$1,959
14 years$4,968$4,300$3,710$3,192$2,739$1,645
15 years$4,589$3,928$3,349$2,847$2,412$1,386
16 years$4,258$3,604$3,037$2,549$2,132$1,171
17 years$3,966$3,319$2,763$2,290$1,890$992
18 years$3,706$3,067$2,523$2,064$1,681$842
19 years$3,474$2,842$2,309$1,865$1,498$715
20 years$3,266$2,641$2,119$1,689$1,338$609
21 years$3,078$2,460$1,949$1,533$1,197$519
22 years$2,907$2,297$1,797$1,394$1,073$443
23 years$2,751$2,148$1,659$1,269$963$378
24 years$2,609$2,012$1,534$1,158$866$323
25 years$2,478$1,889$1,421$1,057$779$277
26 years$2,357$1,775$1,318$967$702$237
27 years$2,245$1,670$1,224$885$633$203
28 years$2,142$1,574$1,138$811$571$173
29 years$2,046$1,485$1,059$743$516$149
30 years$1,956$1,402$986$682$466$127
31 years$1,873$1,326$919$627$421$109
32 years$1,794$1,254$858$576$381$94
33 years$1,721$1,188$801$530$345$80
34 years$1,652$1,126$748$487$312$69
35 years$1,587$1,068$700$449$283$59
36 years$1,526$1,014$654$413$256$51
37 years$1,469$963$613$381$232$43
38 years$1,414$915$574$351$211$37
39 years$1,363$870$537$323$191$32
40 years$1,314$828$504$298$173$27
41 years$1,268$788$472$275$157$24
42 years$1,223$750$443$254$143$20
43 years$1,182$715$416$235$129$17
44 years$1,142$681$390$217$117$15
45 years$1,104$650$366$200$107$13
46 years$1,068$620$344$185$97$11
47 years$1,033$592$323$171$88$9
48 years$1,000$565$304$158$80$8
49 years$968$539$286$146$72$7
50 years$938$515$269$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $961,000, adding $5,825 every year, while hoping to spend $37,677 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: 34/40/26 Blend
50$961,000$961,000$961,000$961,000
51$1,065,030$1,014,097$999,202$1,092,678
52$1,133,576$1,023,700$992,587$1,123,516
53$1,207,849$1,032,511$984,488$1,152,945
54$1,288,397$1,040,450$974,815$1,183,939
55$1,375,816$1,047,436$963,474$1,216,661
56$1,470,767$1,053,377$950,368$1,251,296
57$1,573,972$1,058,180$935,393$1,288,047
58$1,686,231$1,061,744$918,442$1,327,141
59$1,808,418$1,063,961$899,401$1,368,832
60$1,941,500$1,064,718$878,154$1,413,402
61$2,086,537$1,063,894$854,577$1,461,165
62$2,244,700$1,061,360$828,541$1,512,471
63$2,417,272$1,056,980$799,910$1,567,708
64$2,605,671$1,050,610$768,544$1,627,308
65$2,811,455$1,042,095$734,296$1,691,750
66$3,036,338$1,031,272$697,010$1,761,569
67$3,282,211$1,017,971$656,525$1,837,355
68$3,551,151$1,002,006$612,674$1,919,766
69$3,845,449$983,185$565,279$2,009,532
70$4,167,627$961,303$514,158$2,107,461
71$4,520,459$936,141$459,117$2,214,452
72$4,907,005$907,471$399,955$2,331,499
73$5,330,629$875,047$336,464$2,459,704
74$5,795,042$838,612$268,424$2,600,292
75$6,304,326$797,894$195,606$2,754,616
76$6,862,980$752,604$117,772$2,924,176
77$7,475,958$702,436$34,672$3,110,634
78$8,148,719$647,068$0$3,315,829
79$8,887,273$586,159$0$3,556,783
80$9,698,241$519,348$0$3,832,002
81$10,588,920$446,254$0$4,134,432
82$11,567,343$366,474$0$4,466,914
83$12,642,364$279,583$0$4,832,584
84$13,823,734$185,131$0$5,234,909
85$15,122,197$82,645$0$5,677,713
86$16,549,590$0$0$6,165,221
87$18,118,951$0$0$6,714,585
88$19,844,649$0$0$7,358,832
89$21,742,511$0$0$8,067,511
90$23,829,977$0$0$8,847,155
91$26,126,261$0$0$9,704,961
92$28,652,533$0$0$10,648,857
93$31,432,118$0$0$11,687,582
94$34,490,718$0$0$12,830,762
95$37,856,649$0$0$14,089,004
96$41,561,113$0$0$15,473,997
97$45,638,491$0$0$16,998,617
98$50,126,662$0$0$18,677,057
99$55,067,367$0$0$20,524,952
100$60,506,599$0$0$22,559,532