Can I retire at age 51 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$79,854$79,143$78,449$77,771$77,110$75,926
2 years$39,532$38,795$38,082$37,390$36,719$35,529
3 years$26,093$25,353$24,642$23,956$23,296$22,137
4 years$19,374$18,637$17,933$17,259$16,615$15,496
5 years$15,345$14,612$13,917$13,257$12,630$11,555
6 years$12,659$11,932$11,247$10,601$9,994$8,963
7 years$10,741$10,020$9,346$8,716$8,128$7,142
8 years$9,304$8,589$7,926$7,312$6,743$5,801
9 years$8,186$7,478$6,827$6,228$5,678$4,781
10 years$7,293$6,592$5,952$5,369$4,838$3,984
11 years$6,562$5,868$5,240$4,672$4,161$3,350
12 years$5,954$5,267$4,650$4,098$3,606$2,836
13 years$5,440$4,760$4,155$3,618$3,144$2,415
14 years$4,999$4,327$3,733$3,212$2,756$2,066
15 years$4,618$3,952$3,370$2,864$2,427$1,775
16 years$4,284$3,626$3,056$2,565$2,145$1,529
17 years$3,990$3,340$2,781$2,304$1,902$1,322
18 years$3,729$3,086$2,538$2,077$1,691$1,145
19 years$3,496$2,860$2,324$1,876$1,507$994
20 years$3,287$2,658$2,133$1,699$1,346$864
21 years$3,097$2,476$1,962$1,542$1,205$752
22 years$2,925$2,311$1,808$1,402$1,080$656
23 years$2,768$2,161$1,669$1,277$969$573
24 years$2,625$2,025$1,544$1,165$871$500
25 years$2,493$1,900$1,430$1,064$784$438
26 years$2,372$1,786$1,326$973$706$383
27 years$2,259$1,681$1,231$890$637$335
28 years$2,155$1,584$1,145$816$575$294
29 years$2,059$1,494$1,065$748$519$257
30 years$1,968$1,411$992$687$469$226
31 years$1,884$1,334$925$631$424$198
32 years$1,806$1,262$863$579$383$174
33 years$1,732$1,195$806$533$347$153
34 years$1,662$1,133$753$490$314$134
35 years$1,597$1,075$704$451$285$118
36 years$1,536$1,020$659$416$258$103
37 years$1,478$969$616$383$234$91
38 years$1,423$921$577$353$212$80
39 years$1,371$875$541$325$192$70
40 years$1,322$833$507$300$174$62
41 years$1,275$793$475$277$158$54
42 years$1,231$755$446$256$143$48
43 years$1,189$719$418$236$130$42
44 years$1,149$686$393$218$118$37
45 years$1,111$654$369$201$107$32
46 years$1,074$624$346$186$97$28
47 years$1,040$595$325$172$88$25
48 years$1,006$568$306$159$80$22
49 years$975$543$287$147$73$19
50 years$944$518$270$136$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $967,000, adding $5,650 every year, while hoping to spend $21,789 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: 66/22/12 Blend
50$967,000$967,000$967,000$967,000
51$1,071,462$1,020,211$1,005,222$1,138,929
52$1,157,568$1,047,018$1,015,714$1,211,426
53$1,251,726$1,074,408$1,025,827$1,287,544
54$1,354,735$1,102,387$1,035,525$1,370,186
55$1,467,474$1,130,960$1,044,771$1,459,989
56$1,590,911$1,160,132$1,053,526$1,557,651
57$1,726,112$1,189,907$1,061,747$1,663,944
58$1,874,251$1,220,287$1,069,391$1,779,717
59$2,036,620$1,251,277$1,076,411$1,905,906
60$2,214,643$1,282,877$1,082,759$2,043,540
61$2,409,889$1,315,091$1,088,383$2,193,755
62$2,624,085$1,347,917$1,093,231$2,357,800
63$2,859,132$1,381,356$1,097,245$2,537,052
64$3,117,128$1,415,406$1,100,367$2,733,026
65$3,400,379$1,450,065$1,102,533$2,947,395
66$3,711,429$1,485,330$1,103,680$3,181,998
67$4,053,079$1,521,195$1,103,737$3,438,864
68$4,428,414$1,557,655$1,102,633$3,720,225
69$4,840,834$1,594,702$1,100,293$4,028,544
70$5,294,083$1,632,326$1,096,637$4,366,533
71$5,792,288$1,670,519$1,091,583$4,737,179
72$6,339,993$1,709,266$1,085,043$5,143,775
73$6,942,206$1,748,554$1,076,925$5,589,949
74$7,604,445$1,788,366$1,067,136$6,079,696
75$8,332,786$1,828,684$1,055,573$6,617,423
76$9,133,928$1,869,488$1,042,133$7,207,982
77$10,015,250$1,910,753$1,026,705$7,856,721
78$10,984,881$1,952,455$1,009,175$8,569,533
79$12,051,778$1,994,565$989,421$9,352,911
80$13,225,811$2,037,051$967,319$10,214,012
81$14,517,856$2,079,879$942,736$11,160,720
82$15,939,894$2,123,009$915,535$12,201,724
83$17,505,129$2,166,402$885,571$13,346,600
84$19,228,107$2,210,011$852,692$14,605,900
85$21,124,859$2,253,787$816,743$15,991,252
86$23,213,048$2,297,675$777,556$17,515,469
87$25,512,135$2,341,618$734,961$19,192,671
88$28,043,567$2,385,551$688,777$21,038,421
89$30,830,975$2,429,407$638,815$23,069,867
90$33,900,398$2,473,111$584,878$25,305,905
91$37,280,528$2,516,584$526,762$27,767,362
92$41,002,985$2,559,739$464,251$30,477,186
93$45,102,606$2,602,484$397,120$33,460,670
94$49,617,785$2,644,718$325,137$36,745,683
95$54,590,825$2,686,336$248,055$40,362,940
96$60,068,345$2,727,221$165,620$44,346,289
97$66,101,713$2,767,252$77,565$48,733,030
98$72,747,536$2,806,295$0$53,564,271
99$80,068,191$2,844,211$0$58,887,411
100$88,132,416$2,880,847$0$64,761,006