Can I retire at age 51 with 968,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$79,937$79,225$78,530$77,852$77,190$74,570
2 years$39,573$38,836$38,121$37,429$36,757$34,144
3 years$26,120$25,379$24,667$23,981$23,320$20,795
4 years$19,395$18,657$17,951$17,277$16,632$14,216
5 years$15,360$14,627$13,931$13,270$12,643$10,341
6 years$12,672$11,944$11,258$10,612$10,004$7,818
7 years$10,752$10,031$9,356$8,725$8,136$6,066
8 years$9,313$8,598$7,934$7,319$6,750$4,794
9 years$8,195$7,486$6,834$6,234$5,684$3,841
10 years$7,300$6,599$5,958$5,374$4,843$3,108
11 years$6,569$5,874$5,245$4,677$4,165$2,536
12 years$5,960$5,273$4,655$4,102$3,610$2,082
13 years$5,445$4,765$4,159$3,622$3,148$1,718
14 years$5,004$4,331$3,737$3,215$2,759$1,423
15 years$4,622$3,957$3,374$2,867$2,429$1,183
16 years$4,289$3,630$3,059$2,567$2,147$986
17 years$3,994$3,343$2,783$2,307$1,904$824
18 years$3,733$3,089$2,541$2,079$1,693$689
19 years$3,500$2,863$2,326$1,878$1,509$578
20 years$3,290$2,660$2,135$1,701$1,348$485
21 years$3,100$2,478$1,964$1,544$1,206$407
22 years$2,928$2,313$1,810$1,404$1,081$342
23 years$2,771$2,164$1,671$1,278$970$288
24 years$2,628$2,027$1,545$1,166$872$242
25 years$2,496$1,902$1,431$1,065$785$204
26 years$2,374$1,788$1,327$974$707$172
27 years$2,262$1,683$1,233$891$637$145
28 years$2,157$1,586$1,146$817$575$122
29 years$2,061$1,496$1,066$749$519$103
30 years$1,970$1,413$993$687$469$87
31 years$1,886$1,335$926$631$424$73
32 years$1,807$1,264$864$580$384$62
33 years$1,734$1,197$807$533$347$52
34 years$1,664$1,134$754$491$314$44
35 years$1,599$1,076$705$452$285$37
36 years$1,537$1,021$659$416$258$31
37 years$1,479$970$617$383$234$27
38 years$1,425$922$578$353$212$22
39 years$1,373$876$541$326$192$19
40 years$1,323$834$507$301$174$16
41 years$1,277$794$476$277$158$14
42 years$1,232$756$446$256$144$11
43 years$1,190$720$419$236$130$10
44 years$1,150$686$393$218$118$8
45 years$1,112$655$369$201$107$7
46 years$1,075$624$347$186$97$6
47 years$1,041$596$326$172$89$5
48 years$1,007$569$306$159$80$4
49 years$976$543$288$147$73$3
50 years$945$519$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $968,000, adding $5,405 every year, while hoping to spend $24,796 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: 30/48/22 Blend
50$968,000$968,000$968,000$968,000
51$1,072,311$1,021,007$1,006,003$1,096,996
52$1,155,304$1,044,654$1,013,322$1,139,969
53$1,245,931$1,068,628$1,020,054$1,183,584
54$1,344,945$1,092,920$1,026,155$1,229,989
55$1,453,175$1,117,518$1,031,576$1,279,442
56$1,571,531$1,142,409$1,036,266$1,332,226
57$1,701,019$1,167,578$1,040,173$1,388,654
58$1,842,744$1,193,011$1,043,240$1,449,072
59$1,997,925$1,218,689$1,045,409$1,513,858
60$2,167,901$1,244,593$1,046,618$1,583,434
61$2,354,149$1,270,700$1,046,802$1,658,261
62$2,558,296$1,296,989$1,045,894$1,738,850
63$2,782,133$1,323,432$1,043,822$1,825,763
64$3,027,633$1,350,002$1,040,512$1,919,623
65$3,296,968$1,376,668$1,035,886$2,021,114
66$3,592,531$1,403,397$1,029,860$2,130,993
67$3,916,958$1,430,153$1,022,350$2,250,092
68$4,273,154$1,456,897$1,013,265$2,379,332
69$4,664,317$1,483,586$1,002,510$2,519,727
70$5,093,970$1,510,174$989,987$2,672,398
71$5,565,996$1,536,614$975,592$2,838,579
72$6,084,670$1,562,850$959,217$3,019,632
73$6,654,703$1,588,827$940,748$3,217,061
74$7,281,286$1,614,483$920,067$3,432,523
75$7,970,137$1,639,752$897,048$3,667,847
76$8,727,554$1,664,563$871,562$3,925,052
77$9,560,478$1,688,840$843,473$4,206,362
78$10,476,556$1,712,502$812,639$4,514,232
79$11,484,212$1,735,463$778,910$4,851,369
80$12,592,730$1,757,628$742,131$5,220,762
81$13,812,336$1,778,899$702,140$5,625,703
82$15,154,298$1,799,170$658,766$6,069,826
83$16,631,034$1,818,326$611,832$6,557,139
84$18,256,223$1,836,248$561,152$7,092,061
85$20,044,940$1,852,806$506,533$7,679,467
86$22,013,792$1,867,862$447,770$8,324,732
87$24,181,083$1,881,271$384,654$9,033,786
88$26,566,976$1,892,876$316,963$9,813,166
89$29,193,692$1,902,511$244,465$10,670,082
90$32,085,715$1,910,001$166,922$11,612,486
91$35,270,024$1,915,157$84,079$12,649,144
92$38,776,346$1,917,779$0$13,789,726
93$42,637,440$1,917,657$0$15,045,908
94$46,889,402$1,914,565$0$16,449,558
95$51,572,006$1,908,265$0$17,993,948
96$56,729,083$1,898,501$0$19,693,438
97$62,408,928$1,885,007$0$21,563,861
98$68,664,763$1,867,496$0$23,622,666
99$75,555,231$1,845,665$0$25,889,088
100$83,144,957$1,819,195$0$28,384,331