Can I retire at age 51 with 963,000?

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 $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%13.7%
1 years$79,524$78,815$78,124$77,450$76,791$75,612
2 years$39,368$38,635$37,924$37,235$36,567$35,382
3 years$25,985$25,248$24,540$23,857$23,200$22,046
4 years$19,294$18,560$17,859$17,188$16,546$15,432
5 years$15,281$14,551$13,859$13,202$12,578$11,507
6 years$12,607$11,882$11,200$10,558$9,953$8,926
7 years$10,697$9,979$9,307$8,680$8,094$7,112
8 years$9,265$8,554$7,893$7,281$6,715$5,777
9 years$8,152$7,447$6,799$6,202$5,655$4,761
10 years$7,263$6,565$5,927$5,346$4,818$3,968
11 years$6,535$5,844$5,218$4,653$4,144$3,336
12 years$5,929$5,245$4,631$4,081$3,591$2,824
13 years$5,417$4,740$4,137$3,603$3,131$2,405
14 years$4,978$4,309$3,718$3,198$2,745$2,058
15 years$4,598$3,936$3,356$2,852$2,417$1,767
16 years$4,266$3,611$3,043$2,554$2,136$1,523
17 years$3,974$3,326$2,769$2,295$1,894$1,316
18 years$3,714$3,073$2,528$2,068$1,684$1,140
19 years$3,482$2,848$2,314$1,869$1,501$990
20 years$3,273$2,647$2,124$1,692$1,341$861
21 years$3,084$2,465$1,953$1,536$1,200$749
22 years$2,913$2,301$1,800$1,397$1,075$653
23 years$2,757$2,152$1,662$1,272$965$570
24 years$2,614$2,017$1,537$1,160$868$498
25 years$2,483$1,893$1,424$1,059$781$436
26 years$2,362$1,779$1,321$969$703$381
27 years$2,250$1,674$1,226$887$634$334
28 years$2,146$1,577$1,140$812$572$292
29 years$2,050$1,488$1,061$745$517$256
30 years$1,960$1,405$988$684$467$225
31 years$1,876$1,328$921$628$422$197
32 years$1,798$1,257$860$577$382$173
33 years$1,725$1,190$803$531$346$152
34 years$1,656$1,128$750$488$313$133
35 years$1,591$1,070$701$449$283$117
36 years$1,529$1,016$656$414$257$103
37 years$1,472$965$614$381$233$90
38 years$1,417$917$575$352$211$79
39 years$1,366$872$539$324$191$70
40 years$1,317$829$505$299$174$61
41 years$1,270$790$473$276$157$54
42 years$1,226$752$444$255$143$47
43 years$1,184$716$417$235$130$42
44 years$1,144$683$391$217$118$37
45 years$1,106$651$367$200$107$32
46 years$1,070$621$345$185$97$28
47 years$1,035$593$324$171$88$25
48 years$1,002$566$305$158$80$22
49 years$971$540$286$146$73$19
50 years$940$516$269$135$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $963,000, adding $5,579 every year, while hoping to spend $25,547 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: 82/9/9 Blend
50$963,000$963,000$963,000$963,000
51$1,066,981$1,015,942$1,001,015$1,152,667
52$1,148,631$1,038,541$1,007,367$1,232,173
53$1,237,753$1,061,392$1,013,076$1,315,474
54$1,335,083$1,084,478$1,018,093$1,406,152
55$1,441,429$1,107,786$1,022,367$1,504,931
56$1,557,683$1,131,295$1,025,844$1,612,611
57$1,684,825$1,154,987$1,028,469$1,730,071
58$1,823,936$1,178,841$1,030,181$1,858,280
59$1,976,205$1,202,831$1,030,920$1,998,304
60$2,142,942$1,226,934$1,030,619$2,151,318
61$2,325,588$1,251,120$1,029,211$2,318,617
62$2,525,733$1,275,359$1,026,624$2,501,627
63$2,745,124$1,299,619$1,022,783$2,701,917
64$2,985,690$1,323,862$1,017,609$2,921,219
65$3,249,550$1,348,052$1,011,019$3,161,438
66$3,539,043$1,372,145$1,002,927$3,424,674
67$3,856,743$1,396,098$993,242$3,713,240
68$4,205,484$1,419,860$981,869$4,029,687
69$4,588,391$1,443,380$968,709$4,376,821
70$5,008,903$1,466,603$953,658$4,757,737
71$5,470,811$1,489,466$936,606$5,175,845
72$5,978,291$1,511,907$917,439$5,634,900
73$6,535,941$1,533,855$896,037$6,139,042
74$7,148,830$1,555,236$872,277$6,692,830
75$7,822,539$1,575,971$846,027$7,301,291
76$8,563,219$1,595,975$817,150$7,969,961
77$9,377,646$1,615,156$785,503$8,704,941
78$10,273,285$1,633,419$750,937$9,512,955
79$11,258,362$1,650,658$713,295$10,401,410
80$12,341,938$1,666,764$672,414$11,378,472
81$13,533,999$1,681,618$628,123$12,453,134
82$14,845,545$1,695,096$580,243$13,635,310
83$16,288,698$1,707,063$528,589$14,935,924
84$17,876,814$1,717,377$472,964$16,367,012
85$19,624,607$1,725,886$413,167$17,941,839
86$21,548,292$1,732,430$348,983$19,675,023
87$23,665,735$1,736,837$280,192$21,582,671
88$25,996,622$1,738,924$206,560$23,682,533
89$28,562,645$1,738,499$127,847$25,994,170
90$31,387,705$1,735,355$43,800$28,539,138
91$34,498,138$1,729,275$0$31,341,191
92$37,922,965$1,720,026$0$34,430,913
93$41,694,165$1,707,365$0$37,837,518
94$45,846,972$1,691,029$0$41,588,613
95$50,420,217$1,670,742$0$45,719,259
96$55,456,683$1,646,213$0$50,268,089
97$61,003,518$1,617,130$0$55,277,678
98$67,112,672$1,583,165$0$60,794,941
99$73,841,394$1,543,970$0$66,871,576
100$81,252,768$1,499,176$0$73,564,554