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%12.9%
1 years$79,771$79,061$78,368$77,691$77,030$76,099
2 years$39,491$38,755$38,043$37,351$36,681$35,744
3 years$26,066$25,327$24,616$23,931$23,272$22,358
4 years$19,354$18,618$17,914$17,241$16,598$15,714
5 years$15,329$14,597$13,902$13,243$12,617$11,767
6 years$12,646$11,919$11,235$10,590$9,984$9,167
7 years$10,730$10,010$9,336$8,707$8,119$7,337
8 years$9,294$8,580$7,918$7,304$6,736$5,987
9 years$8,178$7,471$6,820$6,221$5,673$4,957
10 years$7,285$6,585$5,946$5,363$4,833$4,151
11 years$6,555$5,862$5,234$4,667$4,157$3,508
12 years$5,948$5,262$4,645$4,094$3,602$2,985
13 years$5,434$4,755$4,150$3,614$3,141$2,555
14 years$4,994$4,322$3,729$3,208$2,754$2,198
15 years$4,613$3,948$3,367$2,861$2,424$1,898
16 years$4,280$3,623$3,053$2,562$2,143$1,645
17 years$3,986$3,336$2,778$2,302$1,900$1,430
18 years$3,725$3,083$2,536$2,075$1,689$1,246
19 years$3,493$2,857$2,321$1,874$1,506$1,087
20 years$3,283$2,655$2,130$1,698$1,345$951
21 years$3,094$2,473$1,960$1,541$1,204$833
22 years$2,922$2,308$1,806$1,401$1,079$731
23 years$2,766$2,159$1,668$1,276$968$642
24 years$2,622$2,023$1,542$1,164$870$564
25 years$2,490$1,898$1,428$1,063$783$497
26 years$2,369$1,784$1,325$972$706$437
27 years$2,257$1,679$1,230$889$636$385
28 years$2,153$1,582$1,144$815$574$340
29 years$2,056$1,493$1,064$747$518$300
30 years$1,966$1,410$991$686$468$265
31 years$1,882$1,333$924$630$423$234
32 years$1,804$1,261$862$579$383$206
33 years$1,730$1,194$805$532$347$182
34 years$1,661$1,132$752$490$314$161
35 years$1,596$1,073$703$451$284$143
36 years$1,534$1,019$658$415$258$126
37 years$1,476$968$616$383$233$111
38 years$1,422$920$577$353$212$99
39 years$1,370$874$540$325$192$87
40 years$1,321$832$506$300$174$77
41 years$1,274$792$475$277$158$68
42 years$1,230$754$445$255$143$60
43 years$1,188$719$418$236$130$54
44 years$1,148$685$392$218$118$47
45 years$1,110$653$368$201$107$42
46 years$1,073$623$346$186$97$37
47 years$1,038$595$325$172$88$33
48 years$1,005$568$305$159$80$29
49 years$974$542$287$146$73$26
50 years$943$518$270$135$66$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $966,000, adding $4,957 every year, while hoping to spend $57,492 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: 35/50/15 Blend
50$966,000$966,000$966,000$966,000
51$1,069,645$1,018,447$1,003,474$1,101,968
52$1,117,578$1,007,180$975,919$1,114,598
53$1,168,473$993,434$945,515$1,122,430
54$1,222,572$977,027$912,104$1,129,641
55$1,280,138$957,765$875,524$1,136,204
56$1,341,462$935,445$835,603$1,142,099
57$1,406,859$909,850$792,164$1,147,306
58$1,476,677$880,751$745,020$1,151,811
59$1,551,295$847,905$693,975$1,155,601
60$1,631,130$811,055$638,826$1,158,673
61$1,716,639$769,930$579,360$1,161,026
62$1,808,322$724,243$515,355$1,162,669
63$1,906,729$673,689$446,578$1,163,618
64$2,012,464$617,948$372,787$1,163,901
65$2,126,188$556,681$293,728$1,163,556
66$2,248,628$489,527$209,136$1,162,633
67$2,380,582$416,108$118,737$1,161,200
68$2,522,928$336,023$22,240$1,159,339
69$2,676,627$248,849$0$1,157,153
70$2,842,740$154,139$0$1,167,691
71$3,022,428$51,421$0$1,182,819
72$3,216,971$0$0$1,199,205
73$3,427,775$0$0$1,250,019
74$3,656,385$0$0$1,335,923
75$3,904,500$0$0$1,429,279
76$4,173,992$0$0$1,530,807
77$4,466,915$0$0$1,641,295
78$4,785,532$0$0$1,761,616
79$5,132,333$0$0$1,892,726
80$5,510,055$0$0$2,035,678
81$5,921,713$0$0$2,191,634
82$6,370,624$0$0$2,361,869
83$6,860,438$0$0$2,547,789
84$7,395,173$0$0$2,750,941
85$7,979,253$0$0$2,973,027
86$8,617,547$0$0$3,215,923
87$9,315,416$0$0$3,481,693
88$10,078,762$0$0$3,772,611
89$10,914,084$0$0$4,091,180
90$11,828,539$0$0$4,440,156
91$12,830,006$0$0$4,822,575
92$13,927,165$0$0$5,241,782
93$15,129,571$0$0$5,701,457
94$16,447,750$0$0$6,205,657
95$17,893,295$0$0$6,758,849
96$19,478,974$0$0$7,365,954
97$21,218,849$0$0$8,032,391
98$23,128,412$0$0$8,764,130
99$25,224,726$0$0$9,567,748
100$27,526,586$0$0$10,450,491