Can I retire at age 51 with 962,000?

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 $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%
1 years$79,441$78,733$78,043$77,369$76,711$76,388
2 years$39,327$38,595$37,885$37,197$36,529$36,203
3 years$25,958$25,222$24,514$23,832$23,176$22,856
4 years$19,274$18,541$17,840$17,170$16,529$16,219
5 years$15,265$14,536$13,845$13,188$12,565$12,266
6 years$12,593$11,870$11,188$10,547$9,942$9,654
7 years$10,686$9,968$9,298$8,671$8,086$7,808
8 years$9,256$8,545$7,885$7,274$6,708$6,441
9 years$8,144$7,440$6,791$6,196$5,649$5,393
10 years$7,255$6,558$5,921$5,341$4,813$4,568
11 years$6,528$5,838$5,213$4,648$4,140$3,905
12 years$5,923$5,240$4,626$4,077$3,587$3,363
13 years$5,411$4,735$4,133$3,599$3,128$2,914
14 years$4,973$4,304$3,714$3,195$2,742$2,538
15 years$4,594$3,932$3,353$2,849$2,414$2,220
16 years$4,262$3,608$3,040$2,551$2,134$1,949
17 years$3,970$3,322$2,766$2,292$1,892$1,717
18 years$3,710$3,070$2,525$2,066$1,682$1,516
19 years$3,478$2,845$2,312$1,867$1,499$1,342
20 years$3,270$2,644$2,122$1,691$1,339$1,190
21 years$3,081$2,463$1,951$1,534$1,199$1,057
22 years$2,910$2,299$1,799$1,395$1,074$941
23 years$2,754$2,150$1,661$1,271$964$838
24 years$2,611$2,015$1,536$1,159$867$748
25 years$2,480$1,891$1,422$1,058$780$668
26 years$2,359$1,777$1,319$968$703$597
27 years$2,248$1,672$1,225$886$633$534
28 years$2,144$1,576$1,139$812$572$478
29 years$2,048$1,486$1,060$744$516$428
30 years$1,958$1,404$987$683$466$384
31 years$1,875$1,327$920$627$422$344
32 years$1,796$1,256$859$576$381$309
33 years$1,723$1,189$802$530$345$277
34 years$1,654$1,127$749$488$312$249
35 years$1,589$1,069$700$449$283$224
36 years$1,528$1,015$655$414$256$201
37 years$1,470$964$613$381$232$181
38 years$1,416$916$574$351$211$162
39 years$1,364$871$538$324$191$146
40 years$1,315$829$504$299$173$131
41 years$1,269$789$473$276$157$118
42 years$1,225$751$444$254$143$106
43 years$1,183$716$416$235$129$96
44 years$1,143$682$391$217$118$86
45 years$1,105$651$367$200$107$77
46 years$1,069$621$345$185$97$70
47 years$1,034$592$324$171$88$63
48 years$1,001$565$304$158$80$56
49 years$969$540$286$146$73$51
50 years$939$516$269$135$66$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $962,000, adding $2,624 every year, while hoping to spend $37,006 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: 53/26/21 Blend
50$962,000$962,000$962,000$962,000
51$1,062,831$1,011,845$996,934$1,112,897
52$1,131,865$1,022,051$990,957$1,157,811
53$1,206,701$1,031,517$983,540$1,202,583
54$1,287,891$1,040,168$974,594$1,250,515
55$1,376,042$1,047,922$964,030$1,301,921
56$1,471,824$1,054,696$951,750$1,357,146
57$1,575,972$1,060,397$937,655$1,416,574
58$1,689,294$1,064,930$921,640$1,480,628
59$1,812,681$1,068,191$903,594$1,549,776
60$1,947,112$1,070,070$883,402$1,624,536
61$2,093,666$1,070,452$860,944$1,705,480
62$2,253,529$1,069,213$836,095$1,793,239
63$2,428,006$1,066,222$808,722$1,888,513
64$2,618,536$1,061,339$778,687$1,992,072
65$2,826,700$1,054,419$745,846$2,104,770
66$3,054,240$1,045,302$710,049$2,227,549
67$3,303,076$1,033,825$671,139$2,361,450
68$3,575,317$1,019,810$628,950$2,507,622
69$3,873,290$1,003,071$583,310$2,667,335
70$4,199,555$983,411$534,040$2,841,993
71$4,556,931$960,620$480,952$3,033,145
72$4,948,524$934,476$423,850$3,242,500
73$5,377,753$904,745$362,528$3,471,948
74$5,848,384$871,178$296,773$3,723,574
75$6,364,566$833,512$226,362$3,999,682
76$6,930,867$791,470$151,061$4,302,813
77$7,552,321$744,757$70,626$4,635,775
78$8,234,469$693,062$0$5,001,663
79$8,983,419$636,056$0$5,407,307
80$9,805,896$573,391$0$5,870,182
81$10,709,310$504,700$0$6,378,672
82$11,701,824$429,594$0$6,937,438
83$12,792,429$347,663$0$7,551,621
84$13,991,032$258,474$0$8,226,887
85$15,308,546$161,568$0$8,969,485
86$16,756,995$56,463$0$9,786,306
87$18,349,626$0$0$10,684,946
88$20,101,033$0$0$11,690,191
89$22,027,296$0$0$12,813,668
90$24,146,130$0$0$14,049,569
91$26,477,054$0$0$15,409,292
92$29,041,575$0$0$16,905,397
93$31,863,389$0$0$18,551,722
94$34,968,605$0$0$20,363,515
95$38,385,990$0$0$22,357,575
96$42,147,242$0$0$24,552,414
97$46,287,287$0$0$26,968,429
98$50,844,608$0$0$29,628,095
99$55,861,611$0$0$32,556,178
100$61,385,020$0$0$35,779,964