Can I retire at age 51 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$79,606$78,897$78,205$77,530$76,871$74,262
2 years$39,409$38,675$37,964$37,274$36,605$34,003
3 years$26,012$25,275$24,565$23,882$23,224$20,710
4 years$19,314$18,579$17,877$17,206$16,563$14,157
5 years$15,297$14,567$13,873$13,215$12,591$10,299
6 years$12,620$11,895$11,212$10,569$9,963$7,786
7 years$10,708$9,989$9,317$8,689$8,103$6,041
8 years$9,275$8,563$7,902$7,289$6,722$4,774
9 years$8,161$7,455$6,806$6,209$5,661$3,825
10 years$7,270$6,571$5,933$5,352$4,823$3,096
11 years$6,542$5,850$5,224$4,658$4,148$2,526
12 years$5,935$5,251$4,636$4,085$3,595$2,074
13 years$5,423$4,745$4,142$3,607$3,135$1,711
14 years$4,984$4,313$3,721$3,202$2,748$1,418
15 years$4,603$3,940$3,360$2,855$2,419$1,178
16 years$4,271$3,615$3,046$2,557$2,138$982
17 years$3,978$3,329$2,772$2,297$1,896$820
18 years$3,718$3,076$2,530$2,070$1,686$686
19 years$3,485$2,851$2,317$1,871$1,503$575
20 years$3,276$2,650$2,126$1,694$1,342$483
21 years$3,088$2,468$1,955$1,538$1,201$405
22 years$2,916$2,304$1,802$1,398$1,077$341
23 years$2,760$2,155$1,664$1,273$966$287
24 years$2,617$2,019$1,539$1,161$869$241
25 years$2,485$1,894$1,425$1,061$782$203
26 years$2,364$1,781$1,322$970$704$171
27 years$2,252$1,676$1,228$888$635$144
28 years$2,149$1,579$1,141$813$573$122
29 years$2,052$1,490$1,062$746$517$103
30 years$1,962$1,407$989$684$467$87
31 years$1,878$1,330$922$629$422$73
32 years$1,800$1,258$860$578$382$62
33 years$1,726$1,192$803$531$346$52
34 years$1,657$1,129$751$489$313$44
35 years$1,592$1,071$702$450$284$37
36 years$1,531$1,017$657$414$257$31
37 years$1,473$966$614$382$233$26
38 years$1,419$918$575$352$211$22
39 years$1,367$873$539$324$191$19
40 years$1,318$830$505$299$174$16
41 years$1,271$790$474$276$158$13
42 years$1,227$753$444$255$143$11
43 years$1,185$717$417$235$130$10
44 years$1,145$684$392$217$118$8
45 years$1,107$652$368$201$107$7
46 years$1,071$622$345$185$97$6
47 years$1,036$593$324$171$88$5
48 years$1,003$567$305$158$80$4
49 years$972$541$287$146$73$3
50 years$941$517$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $964,000, adding $2,318 every year, while hoping to spend $56,255 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: 70/15/15 Blend
50$964,000$964,000$964,000$964,000
51$1,064,719$1,013,627$998,685$1,135,439
52$1,113,465$1,003,440$972,286$1,172,562
53$1,165,299$990,868$943,117$1,206,204
54$1,220,474$975,736$911,027$1,241,573
55$1,279,271$957,855$875,855$1,278,831
56$1,341,996$937,030$837,435$1,318,158
57$1,408,985$913,049$795,595$1,359,752
58$1,480,605$885,692$750,150$1,403,834
59$1,557,259$854,723$700,913$1,450,649
60$1,639,389$819,894$647,683$1,500,468
61$1,727,480$780,943$590,254$1,553,592
62$1,822,064$737,590$528,408$1,610,354
63$1,923,724$689,541$461,920$1,671,122
64$2,033,102$636,487$390,552$1,736,307
65$2,150,901$578,097$314,058$1,806,360
66$2,277,893$514,025$232,179$1,881,783
67$2,414,928$443,902$144,648$1,963,132
68$2,562,939$367,341$51,181$2,051,023
69$2,722,950$283,932$0$2,146,135
70$2,896,087$193,241$0$2,256,995
71$3,083,590$94,811$0$2,385,912
72$3,286,819$0$0$2,525,659
73$3,507,271$0$0$2,679,265
74$3,746,593$0$0$2,863,051
75$4,006,596$0$0$3,062,765
76$4,289,272$0$0$3,279,941
77$4,596,811$0$0$3,516,270
78$4,931,626$0$0$3,773,610
79$5,296,369$0$0$4,054,007
80$5,693,959$0$0$4,359,713
81$6,127,611$0$0$4,693,205
82$6,600,861$0$0$5,057,210
83$7,117,601$0$0$5,454,731
84$7,682,118$0$0$5,889,072
85$8,299,129$0$0$6,363,871
86$8,973,828$0$0$6,883,135
87$9,711,934$0$0$7,451,273
88$10,519,745$0$0$8,073,142
89$11,404,194$0$0$8,754,089
90$12,372,917$0$0$9,500,004
91$13,434,323$0$0$10,317,372
92$14,597,672$0$0$11,213,335
93$15,873,164$0$0$12,195,759
94$17,272,032$0$0$13,273,309
95$18,806,648$0$0$14,455,526
96$20,490,640$0$0$15,752,922
97$22,339,020$0$0$17,177,075
98$24,368,321$0$0$18,740,738
99$26,596,760$0$0$20,457,960
100$29,044,399$0$0$22,344,218