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%12.6%
1 years$79,854$79,143$78,449$77,771$77,110$76,273
2 years$39,532$38,795$38,082$37,390$36,719$35,876
3 years$26,093$25,353$24,642$23,956$23,296$22,474
4 years$19,374$18,637$17,933$17,259$16,615$15,819
5 years$15,345$14,612$13,917$13,257$12,630$11,864
6 years$12,659$11,932$11,247$10,601$9,994$9,257
7 years$10,741$10,020$9,346$8,716$8,128$7,422
8 years$9,304$8,589$7,926$7,312$6,743$6,067
9 years$8,186$7,478$6,827$6,228$5,678$5,032
10 years$7,293$6,592$5,952$5,369$4,838$4,222
11 years$6,562$5,868$5,240$4,672$4,161$3,574
12 years$5,954$5,267$4,650$4,098$3,606$3,047
13 years$5,440$4,760$4,155$3,618$3,144$2,613
14 years$4,999$4,327$3,733$3,212$2,756$2,252
15 years$4,618$3,952$3,370$2,864$2,427$1,949
16 years$4,284$3,626$3,056$2,565$2,145$1,693
17 years$3,990$3,340$2,781$2,304$1,902$1,474
18 years$3,729$3,086$2,538$2,077$1,691$1,287
19 years$3,496$2,860$2,324$1,876$1,507$1,126
20 years$3,287$2,658$2,133$1,699$1,346$987
21 years$3,097$2,476$1,962$1,542$1,205$867
22 years$2,925$2,311$1,808$1,402$1,080$762
23 years$2,768$2,161$1,669$1,277$969$671
24 years$2,625$2,025$1,544$1,165$871$591
25 years$2,493$1,900$1,430$1,064$784$521
26 years$2,372$1,786$1,326$973$706$460
27 years$2,259$1,681$1,231$890$637$407
28 years$2,155$1,584$1,145$816$575$359
29 years$2,059$1,494$1,065$748$519$318
30 years$1,968$1,411$992$687$469$281
31 years$1,884$1,334$925$631$424$249
32 years$1,806$1,262$863$579$383$220
33 years$1,732$1,195$806$533$347$195
34 years$1,662$1,133$753$490$314$173
35 years$1,597$1,075$704$451$285$153
36 years$1,536$1,020$659$416$258$136
37 years$1,478$969$616$383$234$121
38 years$1,423$921$577$353$212$107
39 years$1,371$875$541$325$192$95
40 years$1,322$833$507$300$174$84
41 years$1,275$793$475$277$158$75
42 years$1,231$755$446$256$143$66
43 years$1,189$719$418$236$130$59
44 years$1,149$686$393$218$118$52
45 years$1,111$654$369$201$107$46
46 years$1,074$624$346$186$97$41
47 years$1,040$595$325$172$88$36
48 years$1,006$568$306$159$80$32
49 years$975$543$287$147$73$29
50 years$944$518$270$136$66$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $967,000, adding $6,075 every year, while hoping to spend $54,978 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: 52/39/9 Blend
50$967,000$967,000$967,000$967,000
51$1,071,900$1,020,649$1,005,661$1,124,870
52$1,122,738$1,012,165$980,854$1,153,092
53$1,176,919$1,001,422$953,374$1,177,327
54$1,234,725$988,253$923,073$1,202,388
55$1,296,467$972,477$889,796$1,228,367
56$1,362,484$953,906$853,381$1,255,365
57$1,433,149$932,339$813,661$1,283,498
58$1,508,870$907,564$770,459$1,312,897
59$1,590,095$879,355$723,590$1,343,709
60$1,677,316$847,474$672,861$1,376,101
61$1,771,072$811,670$618,072$1,410,260
62$1,871,955$771,675$559,011$1,446,397
63$1,980,615$727,209$495,459$1,484,750
64$2,097,767$677,971$427,186$1,525,583
65$2,224,196$623,647$353,952$1,569,196
66$2,360,762$563,904$275,508$1,615,924
67$2,508,413$498,389$191,591$1,666,139
68$2,668,191$426,730$101,929$1,720,262
69$2,841,239$348,533$6,236$1,778,761
70$3,028,816$263,382$0$1,842,160
71$3,232,307$170,838$0$1,920,250
72$3,453,231$70,439$0$2,005,715
73$3,693,264$0$0$2,098,713
74$3,954,246$0$0$2,216,528
75$4,238,202$0$0$2,377,690
76$4,547,361$0$0$2,553,245
77$4,884,176$0$0$2,744,598
78$5,251,345$0$0$2,953,292
79$5,651,838$0$0$3,181,028
80$6,088,925$0$0$3,429,679
81$6,566,203$0$0$3,701,304
82$7,087,634$0$0$3,998,171
83$7,657,579$0$0$4,322,777
84$8,280,839$0$0$4,677,872
85$8,962,701$0$0$5,066,484
86$9,708,985$0$0$5,491,945
87$10,526,100$0$0$5,957,926
88$11,421,105$0$0$6,468,471
89$12,401,773$0$0$7,028,030
90$13,476,665$0$0$7,641,507
91$14,655,207$0$0$8,314,303
92$15,947,784$0$0$9,052,364
93$17,365,834$0$0$9,862,243
94$18,921,952$0$0$10,751,155
95$20,630,016$0$0$11,727,050
96$22,505,311$0$0$12,798,683
97$24,564,672$0$0$13,975,700
98$26,826,649$0$0$15,268,727
99$29,311,674$0$0$16,689,469
100$32,042,256$0$0$18,250,822