Can I retire at age 51 with 968,000?

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 $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%16.1%
1 years$79,937$79,225$78,530$77,852$77,190$75,263
2 years$39,573$38,836$38,121$37,429$36,757$34,828
3 years$26,120$25,379$24,667$23,981$23,320$21,449
4 years$19,395$18,657$17,951$17,277$16,632$14,833
5 years$15,360$14,627$13,931$13,270$12,643$10,922
6 years$12,672$11,944$11,258$10,612$10,004$8,362
7 years$10,752$10,031$9,356$8,725$8,136$6,574
8 years$9,313$8,598$7,934$7,319$6,750$5,266
9 years$8,195$7,486$6,834$6,234$5,684$4,278
10 years$7,300$6,599$5,958$5,374$4,843$3,513
11 years$6,569$5,874$5,245$4,677$4,165$2,909
12 years$5,960$5,273$4,655$4,102$3,610$2,425
13 years$5,445$4,765$4,159$3,622$3,148$2,032
14 years$5,004$4,331$3,737$3,215$2,759$1,710
15 years$4,622$3,957$3,374$2,867$2,429$1,445
16 years$4,289$3,630$3,059$2,567$2,147$1,224
17 years$3,994$3,343$2,783$2,307$1,904$1,040
18 years$3,733$3,089$2,541$2,079$1,693$885
19 years$3,500$2,863$2,326$1,878$1,509$755
20 years$3,290$2,660$2,135$1,701$1,348$645
21 years$3,100$2,478$1,964$1,544$1,206$551
22 years$2,928$2,313$1,810$1,404$1,081$472
23 years$2,771$2,164$1,671$1,278$970$404
24 years$2,628$2,027$1,545$1,166$872$346
25 years$2,496$1,902$1,431$1,065$785$297
26 years$2,374$1,788$1,327$974$707$255
27 years$2,262$1,683$1,233$891$637$219
28 years$2,157$1,586$1,146$817$575$188
29 years$2,061$1,496$1,066$749$519$162
30 years$1,970$1,413$993$687$469$139
31 years$1,886$1,335$926$631$424$120
32 years$1,807$1,264$864$580$384$103
33 years$1,734$1,197$807$533$347$89
34 years$1,664$1,134$754$491$314$76
35 years$1,599$1,076$705$452$285$66
36 years$1,537$1,021$659$416$258$56
37 years$1,479$970$617$383$234$49
38 years$1,425$922$578$353$212$42
39 years$1,373$876$541$326$192$36
40 years$1,323$834$507$301$174$31
41 years$1,277$794$476$277$158$27
42 years$1,232$756$446$256$144$23
43 years$1,190$720$419$236$130$20
44 years$1,150$686$393$218$118$17
45 years$1,112$655$369$201$107$15
46 years$1,075$624$347$186$97$13
47 years$1,041$596$326$172$89$11
48 years$1,007$569$306$159$80$9
49 years$976$543$288$147$73$8
50 years$945$519$270$136$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $968,000, adding $3,939 every year, while hoping to spend $47,641 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: 67/20/13 Blend
50$968,000$968,000$968,000$968,000
51$1,070,799$1,019,495$1,004,491$1,139,127
52$1,129,331$1,018,761$987,452$1,184,417
53$1,192,236$1,016,394$968,245$1,227,917
54$1,259,911$1,012,263$946,748$1,274,265
55$1,332,790$1,006,232$922,832$1,323,736
56$1,411,349$998,153$896,362$1,376,633
57$1,496,115$987,870$867,198$1,433,292
58$1,587,662$975,219$835,192$1,494,084
59$1,686,623$960,024$800,191$1,559,419
60$1,793,694$942,101$762,033$1,629,751
61$1,909,641$921,254$720,551$1,705,581
62$2,035,303$897,274$675,568$1,787,462
63$2,171,605$869,942$626,901$1,876,006
64$2,319,564$839,024$574,357$1,971,889
65$2,480,299$804,275$517,737$2,075,860
66$2,655,038$765,434$456,831$2,188,742
67$2,845,137$722,225$391,419$2,311,449
68$3,052,082$674,356$321,273$2,444,987
69$3,277,514$621,518$246,155$2,590,471
70$3,523,234$563,387$165,815$2,749,129
71$3,791,228$499,616$79,993$2,922,320
72$4,083,678$429,842$0$3,111,543
73$4,402,989$353,681$0$3,320,063
74$4,751,808$270,724$0$3,560,047
75$5,133,047$180,544$0$3,822,447
76$5,549,913$82,687$0$4,109,537
77$6,005,939$0$0$4,423,823
78$6,505,013$0$0$4,773,204
79$7,051,415$0$0$5,175,699
80$7,649,862$0$0$5,616,592
81$8,305,546$0$0$6,099,713
82$9,024,184$0$0$6,629,285
83$9,812,074$0$0$7,209,957
84$10,676,154$0$0$7,846,849
85$11,624,061$0$0$8,545,600
86$12,664,212$0$0$9,312,422
87$13,805,875$0$0$10,154,158
88$15,059,260$0$0$11,078,345
89$16,435,613$0$0$12,093,286
90$17,947,324$0$0$13,208,126
91$19,608,041$0$0$14,432,942
92$21,432,799$0$0$15,778,834
93$23,438,161$0$0$17,258,028
94$25,642,376$0$0$18,883,998
95$28,065,546$0$0$20,671,585
96$30,729,821$0$0$22,637,140
97$33,659,602$0$0$24,798,679
98$36,881,774$0$0$27,176,050
99$40,425,957$0$0$29,791,123
100$44,324,788$0$0$32,667,991