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%15.1%
1 years$79,771$79,061$78,368$77,691$77,030$75,413
2 years$39,491$38,755$38,043$37,351$36,681$35,060
3 years$26,066$25,327$24,616$23,931$23,272$21,697
4 years$19,354$18,618$17,914$17,241$16,598$15,081
5 years$15,329$14,597$13,902$13,243$12,617$11,163
6 years$12,646$11,919$11,235$10,590$9,984$8,593
7 years$10,730$10,010$9,336$8,707$8,119$6,793
8 years$9,294$8,580$7,918$7,304$6,736$5,474
9 years$8,178$7,471$6,820$6,221$5,673$4,474
10 years$7,285$6,585$5,946$5,363$4,833$3,696
11 years$6,555$5,862$5,234$4,667$4,157$3,080
12 years$5,948$5,262$4,645$4,094$3,602$2,584
13 years$5,434$4,755$4,150$3,614$3,141$2,180
14 years$4,994$4,322$3,729$3,208$2,754$1,848
15 years$4,613$3,948$3,367$2,861$2,424$1,572
16 years$4,280$3,623$3,053$2,562$2,143$1,341
17 years$3,986$3,336$2,778$2,302$1,900$1,148
18 years$3,725$3,083$2,536$2,075$1,689$984
19 years$3,493$2,857$2,321$1,874$1,506$845
20 years$3,283$2,655$2,130$1,698$1,345$727
21 years$3,094$2,473$1,960$1,541$1,204$627
22 years$2,922$2,308$1,806$1,401$1,079$541
23 years$2,766$2,159$1,668$1,276$968$467
24 years$2,622$2,023$1,542$1,164$870$403
25 years$2,490$1,898$1,428$1,063$783$349
26 years$2,369$1,784$1,325$972$706$302
27 years$2,257$1,679$1,230$889$636$261
28 years$2,153$1,582$1,144$815$574$226
29 years$2,056$1,493$1,064$747$518$196
30 years$1,966$1,410$991$686$468$170
31 years$1,882$1,333$924$630$423$147
32 years$1,804$1,261$862$579$383$128
33 years$1,730$1,194$805$532$347$111
34 years$1,661$1,132$752$490$314$96
35 years$1,596$1,073$703$451$284$84
36 years$1,534$1,019$658$415$258$73
37 years$1,476$968$616$383$233$63
38 years$1,422$920$577$353$212$55
39 years$1,370$874$540$325$192$47
40 years$1,321$832$506$300$174$41
41 years$1,274$792$475$277$158$36
42 years$1,230$754$445$255$143$31
43 years$1,188$719$418$236$130$27
44 years$1,148$685$392$218$118$23
45 years$1,110$653$368$201$107$20
46 years$1,073$623$346$186$97$18
47 years$1,038$595$325$172$88$15
48 years$1,005$568$305$159$80$13
49 years$974$542$287$146$73$12
50 years$943$518$270$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $966,000, adding $5,830 every year, while hoping to spend $39,952 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: 65/27/8 Blend
50$966,000$966,000$966,000$966,000
51$1,070,546$1,019,348$1,004,375$1,138,089
52$1,137,233$1,026,787$995,513$1,191,220
53$1,209,383$1,033,252$985,015$1,243,975
54$1,287,511$1,038,652$972,784$1,300,570
55$1,372,184$1,042,893$958,718$1,361,376
56$1,464,023$1,045,872$942,712$1,426,802
57$1,563,714$1,047,480$924,654$1,497,298
58$1,672,011$1,047,604$904,428$1,573,362
59$1,789,740$1,046,121$881,910$1,655,542
60$1,917,815$1,042,902$856,975$1,744,445
61$2,057,236$1,037,809$829,488$1,840,739
62$2,209,109$1,030,696$799,311$1,945,161
63$2,374,647$1,021,409$766,296$2,058,526
64$2,555,186$1,009,783$730,293$2,181,731
65$2,752,197$995,645$691,140$2,315,769
66$2,967,300$978,810$648,671$2,461,732
67$3,202,276$959,083$602,713$2,620,828
68$3,459,087$936,257$553,083$2,794,389
69$3,739,894$910,114$499,592$2,983,885
70$4,047,074$880,420$442,039$3,190,936
71$4,383,247$846,932$380,219$3,417,333
72$4,751,296$809,389$313,913$3,665,049
73$5,154,395$767,517$242,897$3,936,263
74$5,596,043$721,024$166,933$4,233,377
75$6,080,089$669,604$85,775$4,559,044
76$6,610,776$612,932$0$4,916,187
77$7,192,774$550,665$0$5,308,105
78$7,831,228$482,439$0$5,746,105
79$8,531,805$407,870$0$6,226,807
80$9,300,748$326,555$0$6,754,568
81$10,144,932$238,063$0$7,334,192
82$11,071,931$141,944$0$7,970,976
83$12,090,089$37,721$0$8,670,762
84$13,208,597$0$0$9,439,990
85$14,437,580$0$0$10,308,078
86$15,788,193$0$0$11,274,465
87$17,272,725$0$0$12,336,745
88$18,904,715$0$0$13,504,615
89$20,699,078$0$0$14,788,757
90$22,672,247$0$0$16,200,941
91$24,842,329$0$0$17,754,136
92$27,229,270$0$0$19,462,629
93$29,855,050$0$0$21,342,162
94$32,743,884$0$0$23,410,079
95$35,922,453$0$0$25,685,490
96$39,420,155$0$0$28,189,452
97$43,269,381$0$0$30,945,166
98$47,505,822$0$0$33,978,195
99$52,168,803$0$0$37,316,706
100$57,301,656$0$0$40,991,737