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%16.6%
1 years$79,441$78,733$78,043$77,369$76,711$74,645
2 years$39,327$38,595$37,885$37,197$36,529$34,462
3 years$25,958$25,222$24,514$23,832$23,176$21,173
4 years$19,274$18,541$17,840$17,170$16,529$14,605
5 years$15,265$14,536$13,845$13,188$12,565$10,726
6 years$12,593$11,870$11,188$10,547$9,942$8,190
7 years$10,686$9,968$9,298$8,671$8,086$6,420
8 years$9,256$8,545$7,885$7,274$6,708$5,128
9 years$8,144$7,440$6,791$6,196$5,649$4,153
10 years$7,255$6,558$5,921$5,341$4,813$3,399
11 years$6,528$5,838$5,213$4,648$4,140$2,806
12 years$5,923$5,240$4,626$4,077$3,587$2,331
13 years$5,411$4,735$4,133$3,599$3,128$1,947
14 years$4,973$4,304$3,714$3,195$2,742$1,633
15 years$4,594$3,932$3,353$2,849$2,414$1,375
16 years$4,262$3,608$3,040$2,551$2,134$1,161
17 years$3,970$3,322$2,766$2,292$1,892$983
18 years$3,710$3,070$2,525$2,066$1,682$833
19 years$3,478$2,845$2,312$1,867$1,499$708
20 years$3,270$2,644$2,122$1,691$1,339$602
21 years$3,081$2,463$1,951$1,534$1,199$513
22 years$2,910$2,299$1,799$1,395$1,074$437
23 years$2,754$2,150$1,661$1,271$964$373
24 years$2,611$2,015$1,536$1,159$867$319
25 years$2,480$1,891$1,422$1,058$780$272
26 years$2,359$1,777$1,319$968$703$233
27 years$2,248$1,672$1,225$886$633$199
28 years$2,144$1,576$1,139$812$572$170
29 years$2,048$1,486$1,060$744$516$146
30 years$1,958$1,404$987$683$466$125
31 years$1,875$1,327$920$627$422$107
32 years$1,796$1,256$859$576$381$92
33 years$1,723$1,189$802$530$345$78
34 years$1,654$1,127$749$488$312$67
35 years$1,589$1,069$700$449$283$58
36 years$1,528$1,015$655$414$256$49
37 years$1,470$964$613$381$232$42
38 years$1,416$916$574$351$211$36
39 years$1,364$871$538$324$191$31
40 years$1,315$829$504$299$173$27
41 years$1,269$789$473$276$157$23
42 years$1,225$751$444$254$143$20
43 years$1,183$716$416$235$129$17
44 years$1,143$682$391$217$118$14
45 years$1,105$651$367$200$107$12
46 years$1,069$621$345$185$97$11
47 years$1,034$592$324$171$88$9
48 years$1,001$565$304$158$80$8
49 years$969$540$286$146$73$7
50 years$939$516$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 $962,000, adding $3,802 every year, while hoping to spend $50,581 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: 59/21/20 Blend
50$962,000$962,000$962,000$962,000
51$1,064,046$1,013,060$998,149$1,121,003
52$1,118,761$1,008,882$977,769$1,155,900
53$1,177,361$1,002,804$955,011$1,188,089
54$1,240,190$994,680$929,742$1,222,062
55$1,307,624$984,354$901,823$1,257,999
56$1,380,076$971,661$871,108$1,296,105
57$1,457,998$956,427$837,445$1,336,602
58$1,541,889$938,467$800,675$1,379,743
59$1,632,295$917,585$760,631$1,425,803
60$1,729,816$893,574$717,139$1,475,093
61$1,835,112$866,213$670,017$1,527,954
62$1,948,907$835,271$619,076$1,584,768
63$2,071,997$800,501$564,116$1,645,957
64$2,205,257$761,642$504,931$1,711,991
65$2,349,651$718,420$441,304$1,783,390
66$2,506,235$670,543$373,008$1,860,730
67$2,676,175$617,703$299,807$1,944,652
68$2,860,748$559,574$221,454$2,035,866
69$3,061,364$495,812$137,692$2,135,157
70$3,279,570$426,054$48,252$2,243,398
71$3,517,071$349,915$0$2,361,553
72$3,775,740$266,990$0$2,500,764
73$4,057,642$176,848$0$2,663,785
74$4,365,046$79,039$0$2,841,685
75$4,700,452$0$0$3,035,984
76$5,066,609$0$0$3,254,577
77$5,466,545$0$0$3,513,359
78$5,903,594$0$0$3,796,232
79$6,381,426$0$0$4,105,580
80$6,904,079$0$0$4,444,029
81$7,476,003$0$0$4,814,469
82$8,102,096$0$0$5,220,085
83$8,787,752$0$0$5,664,381
84$9,538,911$0$0$6,151,219
85$10,362,115$0$0$6,684,849
86$11,264,568$0$0$7,269,956
87$12,254,206$0$0$7,911,696
88$13,339,766$0$0$8,615,750
89$14,530,876$0$0$9,388,375
90$15,838,139$0$0$10,236,462
91$17,273,234$0$0$11,167,605
92$18,849,025$0$0$12,190,165
93$20,579,686$0$0$13,313,356
94$22,480,829$0$0$14,547,326
95$24,569,651$0$0$15,903,255
96$26,865,101$0$0$17,393,460
97$29,388,050$0$0$19,031,510
98$32,161,496$0$0$20,832,354
99$35,210,772$0$0$22,812,463
100$38,563,793$0$0$24,989,982