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%19.5%
1 years$79,937$79,225$78,530$77,852$77,190$74,244
2 years$39,573$38,836$38,121$37,429$36,757$33,824
3 years$26,120$25,379$24,667$23,981$23,320$20,492
4 years$19,395$18,657$17,951$17,277$16,632$13,931
5 years$15,360$14,627$13,931$13,270$12,643$10,076
6 years$12,672$11,944$11,258$10,612$10,004$7,572
7 years$10,752$10,031$9,356$8,725$8,136$5,838
8 years$9,313$8,598$7,934$7,319$6,750$4,584
9 years$8,195$7,486$6,834$6,234$5,684$3,647
10 years$7,300$6,599$5,958$5,374$4,843$2,932
11 years$6,569$5,874$5,245$4,677$4,165$2,375
12 years$5,960$5,273$4,655$4,102$3,610$1,935
13 years$5,445$4,765$4,159$3,622$3,148$1,585
14 years$5,004$4,331$3,737$3,215$2,759$1,303
15 years$4,622$3,957$3,374$2,867$2,429$1,075
16 years$4,289$3,630$3,059$2,567$2,147$889
17 years$3,994$3,343$2,783$2,307$1,904$736
18 years$3,733$3,089$2,541$2,079$1,693$611
19 years$3,500$2,863$2,326$1,878$1,509$508
20 years$3,290$2,660$2,135$1,701$1,348$423
21 years$3,100$2,478$1,964$1,544$1,206$352
22 years$2,928$2,313$1,810$1,404$1,081$293
23 years$2,771$2,164$1,671$1,278$970$245
24 years$2,628$2,027$1,545$1,166$872$204
25 years$2,496$1,902$1,431$1,065$785$170
26 years$2,374$1,788$1,327$974$707$142
27 years$2,262$1,683$1,233$891$637$119
28 years$2,157$1,586$1,146$817$575$99
29 years$2,061$1,496$1,066$749$519$83
30 years$1,970$1,413$993$687$469$69
31 years$1,886$1,335$926$631$424$58
32 years$1,807$1,264$864$580$384$49
33 years$1,734$1,197$807$533$347$41
34 years$1,664$1,134$754$491$314$34
35 years$1,599$1,076$705$452$285$28
36 years$1,537$1,021$659$416$258$24
37 years$1,479$970$617$383$234$20
38 years$1,425$922$578$353$212$17
39 years$1,373$876$541$326$192$14
40 years$1,323$834$507$301$174$12
41 years$1,277$794$476$277$158$10
42 years$1,232$756$446$256$144$8
43 years$1,190$720$419$236$130$7
44 years$1,150$686$393$218$118$6
45 years$1,112$655$369$201$107$5
46 years$1,075$624$347$186$97$4
47 years$1,041$596$326$172$89$3
48 years$1,007$569$306$159$80$3
49 years$976$543$288$147$73$2
50 years$945$519$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $968,000, adding $2,521 every year, while hoping to spend $31,329 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: 56/25/19 Blend
50$968,000$968,000$968,000$968,000
51$1,069,336$1,018,032$1,003,028$1,123,651
52$1,145,075$1,034,582$1,003,296$1,177,505
53$1,227,489$1,050,893$1,002,523$1,232,569
54$1,317,226$1,066,920$1,000,640$1,291,863
55$1,414,999$1,082,615$997,578$1,355,800
56$1,521,592$1,097,926$993,260$1,424,835
57$1,637,869$1,112,799$987,609$1,499,473
58$1,764,780$1,127,175$980,542$1,580,268
59$1,903,372$1,140,991$971,974$1,667,832
60$2,054,795$1,154,178$961,815$1,762,841
61$2,220,318$1,166,667$949,969$1,866,039
62$2,401,335$1,178,379$936,339$1,978,249
63$2,599,385$1,189,233$920,820$2,100,377
64$2,816,159$1,199,142$903,304$2,233,423
65$3,053,521$1,208,013$883,678$2,378,492
66$3,313,522$1,215,748$861,823$2,536,799
67$3,598,422$1,222,240$837,615$2,709,689
68$3,910,710$1,227,379$810,924$2,898,641
69$4,253,126$1,231,045$781,614$3,105,290
70$4,628,691$1,233,112$749,543$3,331,437
71$5,040,727$1,233,444$714,563$3,579,070
72$5,492,899$1,231,900$676,518$3,850,382
73$5,989,240$1,228,328$635,247$4,147,791
74$6,534,193$1,222,568$590,579$4,473,963
75$7,132,654$1,214,447$542,337$4,831,840
76$7,790,016$1,203,786$490,336$5,224,666
77$8,512,218$1,190,392$434,382$5,656,019
78$9,305,805$1,174,061$374,275$6,129,845
79$10,177,985$1,154,579$309,802$6,650,493
80$11,136,703$1,131,716$240,743$7,222,764
81$12,190,707$1,105,231$166,868$7,851,949
82$13,349,639$1,074,867$87,938$8,543,882
83$14,624,119$1,040,353$3,701$9,304,998
84$16,025,850$1,001,401$0$10,142,393
85$17,567,725$957,707$0$11,081,363
86$19,263,949$908,951$0$12,114,998
87$21,130,174$854,792$0$13,252,116
88$23,183,644$794,870$0$14,503,264
89$25,443,362$728,804$0$15,880,069
90$27,930,263$656,194$0$17,395,344
91$30,667,416$576,614$0$19,063,214
92$33,680,239$489,614$0$20,899,248
93$36,996,740$394,721$0$22,920,603
94$40,647,778$291,434$0$25,146,193
95$44,667,360$179,222$0$27,596,863
96$49,092,954$57,528$0$30,295,591
97$53,965,850$0$0$33,267,701
98$59,331,541$0$0$36,561,527
99$65,240,159$0$0$40,206,179
100$71,746,946$0$0$44,219,920