Can I retire at age 51 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$79,689$78,979$78,286$77,610$76,950$75,274
2 years$39,450$38,715$38,003$37,313$36,643$34,962
3 years$26,039$25,301$24,591$23,907$23,248$21,615
4 years$19,334$18,599$17,896$17,223$16,581$15,009
5 years$15,313$14,582$13,888$13,229$12,604$11,098
6 years$12,633$11,907$11,223$10,580$9,973$8,534
7 years$10,719$9,999$9,327$8,698$8,111$6,739
8 years$9,285$8,571$7,910$7,297$6,729$5,424
9 years$8,169$7,463$6,813$6,215$5,667$4,427
10 years$7,278$6,578$5,939$5,357$4,828$3,653
11 years$6,549$5,856$5,229$4,663$4,152$3,041
12 years$5,942$5,256$4,641$4,090$3,598$2,548
13 years$5,428$4,750$4,146$3,611$3,138$2,147
14 years$4,989$4,318$3,725$3,205$2,751$1,817
15 years$4,608$3,944$3,363$2,858$2,422$1,544
16 years$4,275$3,619$3,049$2,559$2,141$1,315
17 years$3,982$3,333$2,775$2,300$1,898$1,124
18 years$3,722$3,080$2,533$2,072$1,688$962
19 years$3,489$2,854$2,319$1,873$1,504$825
20 years$3,280$2,652$2,128$1,696$1,344$709
21 years$3,091$2,470$1,958$1,539$1,202$610
22 years$2,919$2,306$1,804$1,399$1,078$525
23 years$2,763$2,157$1,666$1,275$967$453
24 years$2,619$2,021$1,541$1,162$870$391
25 years$2,488$1,896$1,427$1,062$782$337
26 years$2,367$1,782$1,323$971$705$291
27 years$2,255$1,677$1,229$888$635$252
28 years$2,151$1,581$1,142$814$573$218
29 years$2,054$1,491$1,063$746$518$189
30 years$1,964$1,408$990$685$468$163
31 years$1,880$1,331$923$629$423$141
32 years$1,802$1,260$861$578$383$122
33 years$1,728$1,193$804$532$346$106
34 years$1,659$1,131$751$489$313$92
35 years$1,594$1,072$703$450$284$79
36 years$1,533$1,018$657$415$257$69
37 years$1,475$967$615$382$233$60
38 years$1,420$919$576$352$211$52
39 years$1,368$874$540$325$192$45
40 years$1,319$831$506$300$174$39
41 years$1,273$791$474$276$158$34
42 years$1,229$753$445$255$143$29
43 years$1,187$718$418$235$130$25
44 years$1,147$684$392$217$118$22
45 years$1,108$653$368$201$107$19
46 years$1,072$623$346$185$97$17
47 years$1,037$594$325$171$88$14
48 years$1,004$567$305$158$80$12
49 years$973$542$287$146$73$11
50 years$942$517$270$135$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $965,000, adding $2,366 every year, while hoping to spend $40,337 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: 20/50/30 Blend
50$965,000$965,000$965,000$965,000
51$1,065,871$1,014,726$999,768$1,076,985
52$1,131,671$1,021,529$990,342$1,094,626
53$1,202,831$1,027,314$979,248$1,109,979
54$1,279,855$1,031,987$966,388$1,125,495
55$1,363,298$1,035,451$951,659$1,141,215
56$1,453,767$1,037,602$934,953$1,157,184
57$1,551,934$1,038,327$916,157$1,173,457
58$1,658,535$1,037,509$895,152$1,190,097
59$1,774,381$1,035,022$871,815$1,207,179
60$1,900,364$1,030,734$846,016$1,224,790
61$2,037,464$1,024,503$817,621$1,243,030
62$2,186,761$1,016,180$786,487$1,262,015
63$2,349,444$1,005,605$752,467$1,281,877
64$2,526,818$992,611$715,406$1,302,768
65$2,720,322$977,018$675,141$1,324,862
66$2,931,541$958,638$631,504$1,348,356
67$3,162,218$937,270$584,319$1,373,475
68$3,414,270$912,703$533,400$1,400,472
69$3,689,812$884,711$478,555$1,429,637
70$3,991,168$853,057$419,582$1,461,295
71$4,320,900$817,490$356,270$1,495,813
72$4,681,827$777,743$288,401$1,533,605
73$5,077,055$733,534$215,744$1,575,136
74$5,510,004$684,566$138,061$1,620,931
75$5,984,438$630,523$55,100$1,671,576
76$6,504,506$571,074$0$1,727,730
77$7,074,775$505,866$0$1,800,834
78$7,700,276$434,527$0$1,900,528
79$8,386,550$356,665$0$2,010,172
80$9,139,700$271,864$0$2,130,891
81$9,966,450$179,686$0$2,263,938
82$10,874,205$79,668$0$2,410,700
83$11,871,124$0$0$2,572,718
84$12,966,192$0$0$2,767,482
85$14,169,310$0$0$3,029,805
86$15,491,384$0$0$3,318,258
87$16,944,428$0$0$3,635,483
88$18,541,681$0$0$3,984,397
89$20,297,724$0$0$4,368,210
90$22,228,624$0$0$4,790,460
91$24,352,083$0$0$5,255,045
92$26,687,603$0$0$5,766,261
93$29,256,672$0$0$6,328,840
94$32,082,965$0$0$6,947,996
95$35,192,565$0$0$7,629,474
96$38,614,215$0$0$8,379,607
97$42,379,581$0$0$9,205,368
98$46,523,556$0$0$10,114,445
99$51,084,587$0$0$11,115,306
100$56,105,035$0$0$12,217,285