Can I retire at age 51 with 964,000?

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 $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%14.4%
1 years$79,606$78,897$78,205$77,530$76,871$75,473
2 years$39,409$38,675$37,964$37,274$36,605$35,202
3 years$26,012$25,275$24,565$23,882$23,224$21,859
4 years$19,314$18,579$17,877$17,206$16,563$15,247
5 years$15,297$14,567$13,873$13,215$12,591$11,328
6 years$12,620$11,895$11,212$10,569$9,963$8,753
7 years$10,708$9,989$9,317$8,689$8,103$6,947
8 years$9,275$8,563$7,902$7,289$6,722$5,621
9 years$8,161$7,455$6,806$6,209$5,661$4,613
10 years$7,270$6,571$5,933$5,352$4,823$3,828
11 years$6,542$5,850$5,224$4,658$4,148$3,204
12 years$5,935$5,251$4,636$4,085$3,595$2,700
13 years$5,423$4,745$4,142$3,607$3,135$2,289
14 years$4,984$4,313$3,721$3,202$2,748$1,949
15 years$4,603$3,940$3,360$2,855$2,419$1,666
16 years$4,271$3,615$3,046$2,557$2,138$1,429
17 years$3,978$3,329$2,772$2,297$1,896$1,229
18 years$3,718$3,076$2,530$2,070$1,686$1,059
19 years$3,485$2,851$2,317$1,871$1,503$914
20 years$3,276$2,650$2,126$1,694$1,342$791
21 years$3,088$2,468$1,955$1,538$1,201$685
22 years$2,916$2,304$1,802$1,398$1,077$594
23 years$2,760$2,155$1,664$1,273$966$516
24 years$2,617$2,019$1,539$1,161$869$448
25 years$2,485$1,894$1,425$1,061$782$390
26 years$2,364$1,781$1,322$970$704$339
27 years$2,252$1,676$1,228$888$635$295
28 years$2,149$1,579$1,141$813$573$257
29 years$2,052$1,490$1,062$746$517$224
30 years$1,962$1,407$989$684$467$195
31 years$1,878$1,330$922$629$422$170
32 years$1,800$1,258$860$578$382$149
33 years$1,726$1,192$803$531$346$130
34 years$1,657$1,129$751$489$313$113
35 years$1,592$1,071$702$450$284$99
36 years$1,531$1,017$657$414$257$86
37 years$1,473$966$614$382$233$75
38 years$1,419$918$575$352$211$66
39 years$1,367$873$539$324$191$58
40 years$1,318$830$505$299$174$50
41 years$1,271$790$474$276$158$44
42 years$1,227$753$444$255$143$38
43 years$1,185$717$417$235$130$34
44 years$1,145$684$392$217$118$29
45 years$1,107$652$368$201$107$26
46 years$1,071$622$345$185$97$22
47 years$1,036$593$324$171$88$20
48 years$1,003$567$305$158$80$17
49 years$972$541$287$146$73$15
50 years$941$517$269$135$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $964,000, adding $6,212 every year, while hoping to spend $30,672 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: 43/43/14 Blend
50$964,000$964,000$964,000$964,000
51$1,068,736$1,017,644$1,002,702$1,110,094
52$1,145,112$1,034,873$1,003,657$1,156,914
53$1,228,251$1,051,919$1,003,617$1,204,065
54$1,318,809$1,068,740$1,002,515$1,254,479
55$1,417,511$1,085,292$1,000,283$1,308,469
56$1,525,152$1,101,526$996,847$1,366,379
57$1,642,608$1,117,392$992,132$1,428,593
58$1,770,845$1,132,835$986,059$1,495,530
59$1,910,923$1,147,796$978,545$1,567,655
60$2,064,013$1,162,213$969,501$1,645,481
61$2,231,400$1,176,019$958,837$1,729,576
62$2,414,501$1,189,143$946,457$1,820,563
63$2,614,877$1,201,508$932,260$1,919,134
64$2,834,245$1,213,032$916,142$2,026,051
65$3,074,498$1,223,630$897,992$2,142,155
66$3,337,718$1,233,209$877,696$2,268,376
67$3,626,199$1,241,671$855,132$2,405,738
68$3,942,468$1,248,910$830,176$2,555,374
69$4,289,309$1,254,815$802,696$2,718,533
70$4,669,785$1,259,268$772,553$2,896,594
71$5,087,273$1,262,142$739,604$3,091,079
72$5,545,493$1,263,304$703,698$3,303,669
73$6,048,539$1,262,612$664,678$3,536,217
74$6,600,924$1,259,914$622,378$3,790,770
75$7,207,618$1,255,050$576,628$4,069,586
76$7,874,097$1,247,850$527,248$4,375,158
77$8,606,394$1,238,133$474,049$4,710,234
78$9,411,152$1,225,707$416,836$5,077,849
79$10,295,693$1,210,371$355,403$5,481,352
80$11,268,083$1,191,908$289,538$5,924,435
81$12,337,206$1,170,090$219,017$6,411,176
82$13,512,853$1,144,677$143,606$6,946,069
83$14,805,810$1,115,411$63,062$7,534,076
84$16,227,959$1,082,023$0$8,180,669
85$17,792,394$1,044,226$0$8,895,305
86$19,513,541$1,001,715$0$9,691,498
87$21,407,294$954,171$0$10,567,204
88$23,491,166$901,254$0$11,530,570
89$25,784,453$842,604$0$12,590,576
90$28,308,417$777,841$0$13,757,126
91$31,086,485$706,564$0$15,041,140
92$34,144,470$628,349$0$16,454,658
93$37,510,815$542,748$0$18,010,955
94$41,216,861$449,285$0$19,724,668
95$45,297,142$347,461$0$21,611,936
96$49,789,710$236,747$0$23,690,552
97$54,736,497$116,583$0$25,980,132
98$60,183,706$0$0$28,502,305
99$66,182,248$0$0$31,287,357
100$72,788,225$0$0$34,415,342