Can I retire at age 51 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$79,771$79,061$78,368$77,691$77,030$75,879
2 years$39,491$38,755$38,043$37,351$36,681$35,524
3 years$26,066$25,327$24,616$23,931$23,272$22,145
4 years$19,354$18,618$17,914$17,241$16,598$15,509
5 years$15,329$14,597$13,902$13,243$12,617$11,571
6 years$12,646$11,919$11,235$10,590$9,984$8,980
7 years$10,730$10,010$9,336$8,707$8,119$7,159
8 years$9,294$8,580$7,918$7,304$6,736$5,819
9 years$8,178$7,471$6,820$6,221$5,673$4,798
10 years$7,285$6,585$5,946$5,363$4,833$4,001
11 years$6,555$5,862$5,234$4,667$4,157$3,366
12 years$5,948$5,262$4,645$4,094$3,602$2,852
13 years$5,434$4,755$4,150$3,614$3,141$2,430
14 years$4,994$4,322$3,729$3,208$2,754$2,080
15 years$4,613$3,948$3,367$2,861$2,424$1,788
16 years$4,280$3,623$3,053$2,562$2,143$1,542
17 years$3,986$3,336$2,778$2,302$1,900$1,334
18 years$3,725$3,083$2,536$2,075$1,689$1,156
19 years$3,493$2,857$2,321$1,874$1,506$1,004
20 years$3,283$2,655$2,130$1,698$1,345$874
21 years$3,094$2,473$1,960$1,541$1,204$761
22 years$2,922$2,308$1,806$1,401$1,079$664
23 years$2,766$2,159$1,668$1,276$968$580
24 years$2,622$2,023$1,542$1,164$870$507
25 years$2,490$1,898$1,428$1,063$783$444
26 years$2,369$1,784$1,325$972$706$389
27 years$2,257$1,679$1,230$889$636$341
28 years$2,153$1,582$1,144$815$574$299
29 years$2,056$1,493$1,064$747$518$262
30 years$1,966$1,410$991$686$468$230
31 years$1,882$1,333$924$630$423$202
32 years$1,804$1,261$862$579$383$177
33 years$1,730$1,194$805$532$347$156
34 years$1,661$1,132$752$490$314$137
35 years$1,596$1,073$703$451$284$120
36 years$1,534$1,019$658$415$258$106
37 years$1,476$968$616$383$233$93
38 years$1,422$920$577$353$212$82
39 years$1,370$874$540$325$192$72
40 years$1,321$832$506$300$174$63
41 years$1,274$792$475$277$158$56
42 years$1,230$754$445$255$143$49
43 years$1,188$719$418$236$130$43
44 years$1,148$685$392$218$118$38
45 years$1,110$653$368$201$107$33
46 years$1,073$623$346$186$97$29
47 years$1,038$595$325$172$88$26
48 years$1,005$568$305$159$80$23
49 years$974$542$287$146$73$20
50 years$943$518$270$135$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $966,000, adding $5,638 every year, while hoping to spend $33,414 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: 39/49/12 Blend
50$966,000$966,000$966,000$966,000
51$1,070,348$1,019,150$1,004,177$1,108,011
52$1,143,971$1,033,536$1,002,264$1,149,615
53$1,223,984$1,047,507$999,168$1,190,876
54$1,311,003$1,061,007$994,813$1,234,753
55$1,405,706$1,073,978$989,120$1,281,496
56$1,508,840$1,086,355$982,008$1,331,384
57$1,621,226$1,098,070$973,389$1,384,725
58$1,743,768$1,109,052$963,174$1,441,857
59$1,877,460$1,119,223$951,268$1,503,158
60$2,023,397$1,128,501$937,572$1,569,044
61$2,182,784$1,136,799$921,981$1,639,974
62$2,356,948$1,144,022$904,388$1,716,458
63$2,547,350$1,150,073$884,678$1,799,058
64$2,755,598$1,154,844$862,733$1,888,396
65$2,983,462$1,158,225$838,428$1,985,161
66$3,232,892$1,160,095$811,632$2,090,113
67$3,506,036$1,160,328$782,210$2,204,093
68$3,805,257$1,158,790$750,020$2,328,030
69$4,133,159$1,155,336$714,911$2,462,951
70$4,492,609$1,149,816$676,729$2,609,991
71$4,886,766$1,142,068$635,310$2,770,406
72$5,319,109$1,131,922$590,486$2,945,580
73$5,793,468$1,119,196$542,077$3,137,047
74$6,314,064$1,103,698$489,898$3,346,497
75$6,885,545$1,085,226$433,756$3,575,801
76$7,513,031$1,063,563$373,448$3,827,022
77$8,202,164$1,038,481$308,762$4,102,443
78$8,959,156$1,009,738$239,477$4,404,581
79$9,790,854$977,079$165,363$4,736,219
80$10,704,797$940,232$86,179$5,100,429
81$11,709,294$898,911$1,674$5,500,603
82$12,813,496$852,812$0$5,940,486
83$14,027,488$801,615$0$6,435,545
84$15,362,377$744,980$0$6,979,978
85$16,830,404$682,548$0$7,578,647
86$18,445,054$613,941$0$8,237,151
87$20,221,183$538,758$0$8,961,670
88$22,175,161$456,575$0$9,759,021
89$24,325,025$366,944$0$10,636,726
90$26,690,646$269,394$0$11,603,083
91$29,293,922$163,424$0$12,667,245
92$32,158,978$48,508$0$13,839,310
93$35,312,398$0$0$15,130,416
94$38,783,473$0$0$16,593,782
95$42,604,477$0$0$18,233,624
96$46,810,974$0$0$20,039,069
97$51,442,150$0$0$22,026,956
98$56,541,185$0$0$24,215,841
99$62,155,657$0$0$26,626,169
100$68,337,994$0$0$29,280,471