Can I retire at age 51 with 965,000?

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 $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%14.2%
1 years$79,689$78,979$78,286$77,610$76,950$75,613
2 years$39,450$38,715$38,003$37,313$36,643$35,300
3 years$26,039$25,301$24,591$23,907$23,248$21,941
4 years$19,334$18,599$17,896$17,223$16,581$15,320
5 years$15,313$14,582$13,888$13,229$12,604$11,394
6 years$12,633$11,907$11,223$10,580$9,973$8,814
7 years$10,719$9,999$9,327$8,698$8,111$7,003
8 years$9,285$8,571$7,910$7,297$6,729$5,672
9 years$8,169$7,463$6,813$6,215$5,667$4,661
10 years$7,278$6,578$5,939$5,357$4,828$3,872
11 years$6,549$5,856$5,229$4,663$4,152$3,245
12 years$5,942$5,256$4,641$4,090$3,598$2,739
13 years$5,428$4,750$4,146$3,611$3,138$2,325
14 years$4,989$4,318$3,725$3,205$2,751$1,982
15 years$4,608$3,944$3,363$2,858$2,422$1,697
16 years$4,275$3,619$3,049$2,559$2,141$1,457
17 years$3,982$3,333$2,775$2,300$1,898$1,255
18 years$3,722$3,080$2,533$2,072$1,688$1,083
19 years$3,489$2,854$2,319$1,873$1,504$937
20 years$3,280$2,652$2,128$1,696$1,344$811
21 years$3,091$2,470$1,958$1,539$1,202$704
22 years$2,919$2,306$1,804$1,399$1,078$611
23 years$2,763$2,157$1,666$1,275$967$532
24 years$2,619$2,021$1,541$1,162$870$463
25 years$2,488$1,896$1,427$1,062$782$403
26 years$2,367$1,782$1,323$971$705$351
27 years$2,255$1,677$1,229$888$635$306
28 years$2,151$1,581$1,142$814$573$267
29 years$2,054$1,491$1,063$746$518$233
30 years$1,964$1,408$990$685$468$204
31 years$1,880$1,331$923$629$423$178
32 years$1,802$1,260$861$578$383$156
33 years$1,728$1,193$804$532$346$136
34 years$1,659$1,131$751$489$313$119
35 years$1,594$1,072$703$450$284$104
36 years$1,533$1,018$657$415$257$91
37 years$1,475$967$615$382$233$80
38 years$1,420$919$576$352$211$70
39 years$1,368$874$540$325$192$61
40 years$1,319$831$506$300$174$53
41 years$1,273$791$474$276$158$47
42 years$1,229$753$445$255$143$41
43 years$1,187$718$418$235$130$36
44 years$1,147$684$392$217$118$31
45 years$1,108$653$368$201$107$27
46 years$1,072$623$346$185$97$24
47 years$1,037$594$325$171$88$21
48 years$1,004$567$305$158$80$18
49 years$973$542$287$146$73$16
50 years$942$517$270$135$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $965,000, adding $2,917 every year, while hoping to spend $45,608 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: 46/36/18 Blend
50$965,000$965,000$965,000$965,000
51$1,066,439$1,015,294$1,000,336$1,109,895
52$1,126,689$1,016,517$985,321$1,141,743
53$1,191,556$1,016,271$968,274$1,171,470
54$1,261,463$1,014,436$949,080$1,202,755
55$1,336,874$1,010,885$927,615$1,235,763
56$1,418,299$1,005,483$903,755$1,270,678
57$1,506,299$998,085$877,364$1,307,706
58$1,601,491$988,540$848,304$1,347,076
59$1,704,550$976,686$816,430$1,389,043
60$1,816,222$962,351$781,588$1,433,891
61$1,937,326$945,356$743,621$1,481,938
62$2,068,762$925,507$702,360$1,533,536
63$2,211,519$902,600$657,633$1,589,079
64$2,366,688$876,422$609,258$1,649,004
65$2,535,466$846,743$557,044$1,713,796
66$2,719,172$813,321$500,794$1,783,996
67$2,919,257$775,903$440,299$1,860,205
68$3,137,316$734,217$375,344$1,943,089
69$3,375,106$687,977$305,702$2,033,390
70$3,634,561$636,882$231,137$2,131,929
71$3,917,809$580,613$151,403$2,239,619
72$4,227,193$518,830$66,242$2,357,472
73$4,565,291$451,177$0$2,486,611
74$4,934,944$377,278$0$2,633,014
75$5,339,277$296,734$0$2,807,213
76$5,781,733$209,123$0$2,998,057
77$6,266,101$114,002$0$3,207,300
78$6,796,556$10,900$0$3,436,880
79$7,377,694$0$0$3,688,939
80$8,014,576$0$0$4,005,728
81$8,712,777$0$0$4,357,864
82$9,478,437$0$0$4,744,139
83$10,318,319$0$0$5,167,981
84$11,239,871$0$0$5,633,163
85$12,251,297$0$0$6,143,842
86$13,361,635$0$0$6,704,597
87$14,580,840$0$0$7,320,473
88$15,919,878$0$0$7,997,026
89$17,390,829$0$0$8,740,378
90$19,007,001$0$0$9,557,274
91$20,783,056$0$0$10,455,142
92$22,735,144$0$0$11,442,169
93$24,881,060$0$0$12,527,370
94$27,240,408$0$0$13,720,683
95$29,834,786$0$0$15,033,052
96$32,687,990$0$0$16,476,538
97$35,826,238$0$0$18,064,429
98$39,278,415$0$0$19,811,363
99$43,076,349$0$0$21,733,473
100$47,255,104$0$0$23,848,530