Can I retire at age 51 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$79,441$78,733$78,043$77,369$76,711$76,260
2 years$39,327$38,595$37,885$37,197$36,529$36,074
3 years$25,958$25,222$24,514$23,832$23,176$22,730
4 years$19,274$18,541$17,840$17,170$16,529$16,097
5 years$15,265$14,536$13,845$13,188$12,565$12,148
6 years$12,593$11,870$11,188$10,547$9,942$9,541
7 years$10,686$9,968$9,298$8,671$8,086$7,700
8 years$9,256$8,545$7,885$7,274$6,708$6,337
9 years$8,144$7,440$6,791$6,196$5,649$5,294
10 years$7,255$6,558$5,921$5,341$4,813$4,473
11 years$6,528$5,838$5,213$4,648$4,140$3,815
12 years$5,923$5,240$4,626$4,077$3,587$3,277
13 years$5,411$4,735$4,133$3,599$3,128$2,833
14 years$4,973$4,304$3,714$3,195$2,742$2,461
15 years$4,594$3,932$3,353$2,849$2,414$2,147
16 years$4,262$3,608$3,040$2,551$2,134$1,879
17 years$3,970$3,322$2,766$2,292$1,892$1,651
18 years$3,710$3,070$2,525$2,066$1,682$1,453
19 years$3,478$2,845$2,312$1,867$1,499$1,283
20 years$3,270$2,644$2,122$1,691$1,339$1,134
21 years$3,081$2,463$1,951$1,534$1,199$1,005
22 years$2,910$2,299$1,799$1,395$1,074$892
23 years$2,754$2,150$1,661$1,271$964$792
24 years$2,611$2,015$1,536$1,159$867$704
25 years$2,480$1,891$1,422$1,058$780$627
26 years$2,359$1,777$1,319$968$703$559
27 years$2,248$1,672$1,225$886$633$498
28 years$2,144$1,576$1,139$812$572$445
29 years$2,048$1,486$1,060$744$516$397
30 years$1,958$1,404$987$683$466$355
31 years$1,875$1,327$920$627$422$317
32 years$1,796$1,256$859$576$381$284
33 years$1,723$1,189$802$530$345$254
34 years$1,654$1,127$749$488$312$227
35 years$1,589$1,069$700$449$283$203
36 years$1,528$1,015$655$414$256$182
37 years$1,470$964$613$381$232$163
38 years$1,416$916$574$351$211$146
39 years$1,364$871$538$324$191$131
40 years$1,315$829$504$299$173$117
41 years$1,269$789$473$276$157$105
42 years$1,225$751$444$254$143$94
43 years$1,183$716$416$235$129$85
44 years$1,143$682$391$217$118$76
45 years$1,105$651$367$200$107$68
46 years$1,069$621$345$185$97$61
47 years$1,034$592$324$171$88$55
48 years$1,001$565$304$158$80$49
49 years$969$540$286$146$73$44
50 years$939$516$269$135$66$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $962,000, adding $3,506 every year, while hoping to spend $49,926 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: 33/43/24 Blend
50$962,000$962,000$962,000$962,000
51$1,063,740$1,012,754$997,843$1,090,941
52$1,119,121$1,009,259$978,150$1,108,181
53$1,178,477$1,003,918$956,124$1,121,999
54$1,242,162$996,590$931,634$1,135,887
55$1,310,562$987,122$904,543$1,149,882
56$1,384,102$975,354$874,708$1,164,033
57$1,463,249$961,115$841,980$1,178,394
58$1,548,515$944,224$806,201$1,193,031
59$1,640,463$924,490$767,208$1,208,022
60$1,739,710$901,710$724,829$1,223,457
61$1,846,936$875,670$678,886$1,239,444
62$1,962,887$846,141$629,193$1,256,104
63$2,088,383$812,884$575,552$1,273,579
64$2,224,326$775,643$517,761$1,292,031
65$2,371,708$734,150$455,607$1,311,647
66$2,531,618$688,120$388,866$1,332,640
67$2,705,256$637,250$317,306$1,355,252
68$2,893,940$581,224$240,684$1,379,759
69$3,099,122$519,704$158,747$1,406,475
70$3,322,398$452,335$71,230$1,435,753
71$3,565,523$378,740$0$1,467,995
72$3,830,431$298,523$0$1,509,329
73$4,119,248$211,263$0$1,574,424
74$4,434,315$116,518$0$1,645,670
75$4,778,208$13,821$0$1,723,793
76$5,153,763$0$0$1,809,600
77$5,564,103$0$0$1,950,043
78$6,012,664$0$0$2,110,855
79$6,503,230$0$0$2,286,869
80$7,039,968$0$0$2,479,600
81$7,627,466$0$0$2,690,712
82$8,270,775$0$0$2,922,040
83$8,975,459$0$0$3,175,606
84$9,747,645$0$0$3,453,634
85$10,594,079$0$0$3,758,575
86$11,522,193$0$0$4,093,130
87$12,540,171$0$0$4,460,272
88$13,657,029$0$0$4,863,275
89$14,882,695$0$0$5,305,749
90$16,228,108$0$0$5,791,668
91$17,705,315$0$0$6,325,409
92$19,327,589$0$0$6,911,796
93$21,109,549$0$0$7,556,142
94$23,067,302$0$0$8,264,300
95$25,218,589$0$0$9,042,720
96$27,582,958$0$0$9,898,506
97$30,181,942$0$0$10,839,485
98$33,039,267$0$0$11,874,281
99$36,181,071$0$0$13,012,394
100$39,636,150$0$0$14,264,294