Can I retire at age 51 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$79,524$78,815$78,124$77,450$76,791$75,087
2 years$39,368$38,635$37,924$37,235$36,567$34,859
3 years$25,985$25,248$24,540$23,857$23,200$21,541
4 years$19,294$18,560$17,859$17,188$16,546$14,950
5 years$15,281$14,551$13,859$13,202$12,578$11,049
6 years$12,607$11,882$11,200$10,558$9,953$8,492
7 years$10,697$9,979$9,307$8,680$8,094$6,702
8 years$9,265$8,554$7,893$7,281$6,715$5,390
9 years$8,152$7,447$6,799$6,202$5,655$4,397
10 years$7,263$6,565$5,927$5,346$4,818$3,627
11 years$6,535$5,844$5,218$4,653$4,144$3,016
12 years$5,929$5,245$4,631$4,081$3,591$2,526
13 years$5,417$4,740$4,137$3,603$3,131$2,127
14 years$4,978$4,309$3,718$3,198$2,745$1,799
15 years$4,598$3,936$3,356$2,852$2,417$1,527
16 years$4,266$3,611$3,043$2,554$2,136$1,300
17 years$3,974$3,326$2,769$2,295$1,894$1,110
18 years$3,714$3,073$2,528$2,068$1,684$950
19 years$3,482$2,848$2,314$1,869$1,501$814
20 years$3,273$2,647$2,124$1,692$1,341$699
21 years$3,084$2,465$1,953$1,536$1,200$601
22 years$2,913$2,301$1,800$1,397$1,075$517
23 years$2,757$2,152$1,662$1,272$965$445
24 years$2,614$2,017$1,537$1,160$868$384
25 years$2,483$1,893$1,424$1,059$781$331
26 years$2,362$1,779$1,321$969$703$286
27 years$2,250$1,674$1,226$887$634$247
28 years$2,146$1,577$1,140$812$572$213
29 years$2,050$1,488$1,061$745$517$184
30 years$1,960$1,405$988$684$467$160
31 years$1,876$1,328$921$628$422$138
32 years$1,798$1,257$860$577$382$119
33 years$1,725$1,190$803$531$346$103
34 years$1,656$1,128$750$488$313$89
35 years$1,591$1,070$701$449$283$77
36 years$1,529$1,016$656$414$257$67
37 years$1,472$965$614$381$233$58
38 years$1,417$917$575$352$211$50
39 years$1,366$872$539$324$191$44
40 years$1,317$829$505$299$174$38
41 years$1,270$790$473$276$157$33
42 years$1,226$752$444$255$143$28
43 years$1,184$716$417$235$130$24
44 years$1,144$683$391$217$118$21
45 years$1,106$651$367$200$107$18
46 years$1,070$621$345$185$97$16
47 years$1,035$593$324$171$88$14
48 years$1,002$566$305$158$80$12
49 years$971$540$286$146$73$10
50 years$940$516$269$135$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $963,000, adding $3,715 every year, while hoping to spend $22,299 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: 39/36/25 Blend
50$963,000$963,000$963,000$963,000
51$1,065,058$1,014,019$999,093$1,098,563
52$1,149,968$1,039,980$1,008,836$1,149,190
53$1,242,791$1,066,466$1,018,159$1,201,544
54$1,344,312$1,093,478$1,027,023$1,257,717
55$1,455,392$1,121,019$1,035,389$1,318,072
56$1,576,983$1,149,090$1,043,215$1,383,006
57$1,710,129$1,177,689$1,050,457$1,452,956
58$1,855,984$1,206,817$1,057,068$1,528,408
59$2,015,815$1,236,473$1,063,001$1,609,891
60$2,191,021$1,266,653$1,068,205$1,697,994
61$2,383,140$1,297,354$1,072,624$1,793,362
62$2,593,867$1,328,571$1,076,204$1,896,707
63$2,825,070$1,360,298$1,078,885$2,008,814
64$3,078,803$1,392,530$1,080,604$2,130,549
65$3,357,333$1,425,256$1,081,296$2,262,865
66$3,663,155$1,458,467$1,080,894$2,406,812
67$3,999,017$1,492,152$1,079,323$2,563,550
68$4,367,947$1,526,297$1,076,511$2,734,354
69$4,773,279$1,560,888$1,072,376$2,920,634
70$5,218,690$1,595,908$1,066,837$3,123,939
71$5,708,226$1,631,337$1,059,806$3,345,981
72$6,246,348$1,667,155$1,051,192$3,588,645
73$6,837,969$1,703,339$1,040,900$3,854,008
74$7,488,501$1,739,862$1,028,830$4,144,362
75$8,203,909$1,776,696$1,014,877$4,462,232
76$8,990,764$1,813,810$998,931$4,810,403
77$9,856,304$1,851,170$980,877$5,191,942
78$10,808,507$1,888,737$960,596$5,610,233
79$11,856,161$1,926,470$937,962$6,069,005
80$13,008,948$1,964,327$912,843$6,572,370
81$14,277,539$2,002,257$885,101$7,124,858
82$15,673,689$2,040,208$854,593$7,731,466
83$17,210,351$2,078,125$821,168$8,397,700
84$18,901,798$2,115,944$784,669$9,129,630
85$20,763,756$2,153,600$744,930$9,933,948
86$22,813,555$2,191,022$701,780$10,818,030
87$25,070,287$2,228,132$655,040$11,790,008
88$27,554,994$2,264,847$604,521$12,858,843
89$30,290,857$2,301,079$550,027$14,034,415
90$33,303,425$2,336,732$491,352$15,327,615
91$36,620,845$2,371,703$428,284$16,750,447
92$40,274,138$2,405,883$360,598$18,316,143
93$44,297,482$2,439,153$288,060$20,039,288
94$48,728,542$2,471,388$210,426$21,935,959
95$53,608,820$2,502,453$127,443$24,023,877
96$58,984,051$2,532,205$38,843$26,322,574
97$64,904,630$2,560,488$0$28,853,579
98$71,426,091$2,587,141$0$31,655,484
99$78,609,627$2,611,986$0$34,751,608
100$86,522,675$2,634,839$0$38,160,489