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%15%
1 years$79,524$78,815$78,124$77,450$76,791$75,210
2 years$39,368$38,635$37,924$37,235$36,567$34,981
3 years$25,985$25,248$24,540$23,857$23,200$21,659
4 years$19,294$18,560$17,859$17,188$16,546$15,062
5 years$15,281$14,551$13,859$13,202$12,578$11,155
6 years$12,607$11,882$11,200$10,558$9,953$8,592
7 years$10,697$9,979$9,307$8,680$8,094$6,796
8 years$9,265$8,554$7,893$7,281$6,715$5,479
9 years$8,152$7,447$6,799$6,202$5,655$4,481
10 years$7,263$6,565$5,927$5,346$4,818$3,704
11 years$6,535$5,844$5,218$4,653$4,144$3,089
12 years$5,929$5,245$4,631$4,081$3,591$2,593
13 years$5,417$4,740$4,137$3,603$3,131$2,189
14 years$4,978$4,309$3,718$3,198$2,745$1,857
15 years$4,598$3,936$3,356$2,852$2,417$1,581
16 years$4,266$3,611$3,043$2,554$2,136$1,350
17 years$3,974$3,326$2,769$2,295$1,894$1,156
18 years$3,714$3,073$2,528$2,068$1,684$992
19 years$3,482$2,848$2,314$1,869$1,501$853
20 years$3,273$2,647$2,124$1,692$1,341$734
21 years$3,084$2,465$1,953$1,536$1,200$633
22 years$2,913$2,301$1,800$1,397$1,075$546
23 years$2,757$2,152$1,662$1,272$965$472
24 years$2,614$2,017$1,537$1,160$868$408
25 years$2,483$1,893$1,424$1,059$781$353
26 years$2,362$1,779$1,321$969$703$306
27 years$2,250$1,674$1,226$887$634$265
28 years$2,146$1,577$1,140$812$572$230
29 years$2,050$1,488$1,061$745$517$199
30 years$1,960$1,405$988$684$467$173
31 years$1,876$1,328$921$628$422$150
32 years$1,798$1,257$860$577$382$130
33 years$1,725$1,190$803$531$346$113
34 years$1,656$1,128$750$488$313$98
35 years$1,591$1,070$701$449$283$85
36 years$1,529$1,016$656$414$257$74
37 years$1,472$965$614$381$233$64
38 years$1,417$917$575$352$211$56
39 years$1,366$872$539$324$191$49
40 years$1,317$829$505$299$174$42
41 years$1,270$790$473$276$157$37
42 years$1,226$752$444$255$143$32
43 years$1,184$716$417$235$130$28
44 years$1,144$683$391$217$118$24
45 years$1,106$651$367$200$107$21
46 years$1,070$621$345$185$97$18
47 years$1,035$593$324$171$88$16
48 years$1,002$566$305$158$80$14
49 years$971$540$286$146$73$12
50 years$940$516$269$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $963,000, adding $5,875 every year, while hoping to spend $22,649 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: 41/49/10 Blend
50$963,000$963,000$963,000$963,000
51$1,067,286$1,016,247$1,001,321$1,107,650
52$1,152,051$1,041,945$1,010,766$1,162,220
53$1,244,703$1,068,143$1,019,770$1,218,530
54$1,346,022$1,094,841$1,028,291$1,278,967
55$1,456,868$1,122,040$1,036,291$1,343,912
56$1,578,187$1,149,739$1,043,726$1,413,790
57$1,711,022$1,177,936$1,050,550$1,489,066
58$1,856,519$1,206,627$1,056,716$1,570,251
59$2,015,942$1,235,811$1,062,175$1,657,909
60$2,190,684$1,265,481$1,066,873$1,752,663
61$2,382,276$1,295,632$1,070,756$1,855,194
62$2,592,407$1,326,257$1,073,765$1,966,258
63$2,822,937$1,357,348$1,075,840$2,086,683
64$3,075,913$1,388,894$1,076,917$2,217,382
65$3,353,591$1,420,884$1,076,929$2,359,364
66$3,658,456$1,453,307$1,075,805$2,513,736
67$3,993,245$1,486,146$1,073,471$2,681,720
68$4,360,974$1,519,385$1,069,851$2,864,662
69$4,764,965$1,553,006$1,064,862$3,064,045
70$5,208,877$1,586,989$1,058,420$3,281,504
71$5,696,741$1,621,310$1,050,436$3,518,839
72$6,232,999$1,655,945$1,040,816$3,778,034
73$6,822,544$1,690,865$1,029,462$4,061,276
74$7,470,766$1,726,040$1,016,272$4,370,973
75$8,183,605$1,761,437$1,001,138$4,709,782
76$8,967,605$1,797,019$983,948$5,080,629
77$9,829,974$1,832,747$964,584$5,486,739
78$10,778,657$1,868,577$942,923$5,931,665
79$11,822,406$1,904,463$918,837$6,419,326
80$12,970,863$1,940,353$892,189$6,954,037
81$14,234,654$1,976,193$862,840$7,540,557
82$15,625,485$2,011,923$830,642$8,184,129
83$17,156,257$2,047,480$795,441$8,890,534
84$18,841,181$2,082,793$757,075$9,666,140
85$20,695,920$2,117,788$715,375$10,517,968
86$22,737,731$2,152,386$670,167$11,453,757
87$24,985,626$2,186,500$621,264$12,482,033
88$27,460,560$2,220,038$568,477$13,612,196
89$30,185,618$2,252,901$511,602$14,854,606
90$33,186,241$2,284,983$450,430$16,220,681
91$36,490,461$2,316,171$384,743$17,723,006
92$40,129,166$2,346,342$314,310$19,375,451
93$44,136,395$2,375,366$238,893$21,193,303
94$48,549,654$2,403,106$158,243$23,193,413
95$53,410,273$2,429,412$72,098$25,394,349
96$58,763,794$2,454,127$0$27,816,581
97$64,660,404$2,477,081$0$30,484,783
98$71,155,402$2,498,095$0$33,430,050
99$78,309,729$2,516,978$0$36,672,116
100$86,190,536$2,533,525$0$40,241,216