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%17.5%
1 years$79,937$79,225$78,530$77,852$77,190$74,839
2 years$39,573$38,836$38,121$37,429$36,757$34,409
3 years$26,120$25,379$24,667$23,981$23,320$21,048
4 years$19,395$18,657$17,951$17,277$16,632$14,454
5 years$15,360$14,627$13,931$13,270$12,643$10,564
6 years$12,672$11,944$11,258$10,612$10,004$8,027
7 years$10,752$10,031$9,356$8,725$8,136$6,260
8 years$9,313$8,598$7,934$7,319$6,750$4,973
9 years$8,195$7,486$6,834$6,234$5,684$4,006
10 years$7,300$6,599$5,958$5,374$4,843$3,261
11 years$6,569$5,874$5,245$4,677$4,165$2,676
12 years$5,960$5,273$4,655$4,102$3,610$2,210
13 years$5,445$4,765$4,159$3,622$3,148$1,835
14 years$5,004$4,331$3,737$3,215$2,759$1,530
15 years$4,622$3,957$3,374$2,867$2,429$1,280
16 years$4,289$3,630$3,059$2,567$2,147$1,073
17 years$3,994$3,343$2,783$2,307$1,904$903
18 years$3,733$3,089$2,541$2,079$1,693$760
19 years$3,500$2,863$2,326$1,878$1,509$642
20 years$3,290$2,660$2,135$1,701$1,348$542
21 years$3,100$2,478$1,964$1,544$1,206$458
22 years$2,928$2,313$1,810$1,404$1,081$388
23 years$2,771$2,164$1,671$1,278$970$329
24 years$2,628$2,027$1,545$1,166$872$279
25 years$2,496$1,902$1,431$1,065$785$237
26 years$2,374$1,788$1,327$974$707$201
27 years$2,262$1,683$1,233$891$637$171
28 years$2,157$1,586$1,146$817$575$145
29 years$2,061$1,496$1,066$749$519$123
30 years$1,970$1,413$993$687$469$105
31 years$1,886$1,335$926$631$424$89
32 years$1,807$1,264$864$580$384$76
33 years$1,734$1,197$807$533$347$64
34 years$1,664$1,134$754$491$314$55
35 years$1,599$1,076$705$452$285$46
36 years$1,537$1,021$659$416$258$40
37 years$1,479$970$617$383$234$34
38 years$1,425$922$578$353$212$29
39 years$1,373$876$541$326$192$24
40 years$1,323$834$507$301$174$21
41 years$1,277$794$476$277$158$18
42 years$1,232$756$446$256$144$15
43 years$1,190$720$419$236$130$13
44 years$1,150$686$393$218$118$11
45 years$1,112$655$369$201$107$9
46 years$1,075$624$347$186$97$8
47 years$1,041$596$326$172$89$7
48 years$1,007$569$306$159$80$6
49 years$976$543$288$147$73$5
50 years$945$519$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $968,000, adding $5,223 every year, while hoping to spend $22,472 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: 70/20/10 Blend
50$968,000$968,000$968,000$968,000
51$1,072,124$1,020,820$1,005,816$1,144,700
52$1,157,570$1,046,930$1,015,600$1,219,579
53$1,250,979$1,073,566$1,024,960$1,298,254
54$1,353,139$1,100,731$1,033,856$1,383,745
55$1,464,918$1,128,425$1,042,248$1,476,716
56$1,587,271$1,156,650$1,050,096$1,577,902
57$1,721,252$1,185,405$1,057,353$1,688,110
58$1,868,019$1,214,690$1,063,974$1,808,229
59$2,028,850$1,244,502$1,069,910$1,939,238
60$2,205,150$1,274,839$1,075,109$2,082,217
61$2,398,466$1,305,698$1,079,517$2,238,353
62$2,610,506$1,337,073$1,083,076$2,408,955
63$2,843,146$1,368,958$1,085,728$2,595,464
64$3,098,457$1,401,347$1,087,410$2,799,469
65$3,378,716$1,434,230$1,088,054$3,022,719
66$3,686,435$1,467,596$1,087,594$3,267,141
67$4,024,378$1,501,435$1,085,955$3,534,859
68$4,395,592$1,535,733$1,083,062$3,828,211
69$4,803,433$1,570,475$1,078,835$4,149,776
70$5,251,597$1,605,642$1,073,191$4,502,393
71$5,744,158$1,641,217$1,066,041$4,889,191
72$6,285,603$1,677,177$1,057,294$5,313,616
73$6,880,874$1,713,499$1,046,853$5,779,468
74$7,535,419$1,750,156$1,034,618$6,290,932
75$8,255,237$1,787,119$1,020,483$6,852,620
76$9,046,939$1,824,356$1,004,337$7,469,613
77$9,917,810$1,861,832$986,065$8,147,511
78$10,875,874$1,899,509$965,546$8,892,483
79$11,929,974$1,937,346$942,652$9,711,331
80$13,089,852$1,975,296$917,252$10,611,544
81$14,366,242$2,013,311$889,205$11,601,381
82$15,770,973$2,051,338$858,368$12,689,938
83$17,317,077$2,089,318$824,588$13,887,241
84$19,018,913$2,127,189$787,706$15,204,338
85$20,892,305$2,164,884$747,557$16,653,403
86$22,954,687$2,202,330$703,967$18,247,853
87$25,225,270$2,239,450$656,755$20,002,471
88$27,725,223$2,276,157$605,731$21,933,551
89$30,477,870$2,312,364$550,697$24,059,046
90$33,508,915$2,347,971$491,448$26,398,742
91$36,846,678$2,382,876$427,765$28,974,441
92$40,522,369$2,416,967$359,425$31,810,171
93$44,570,376$2,450,124$286,192$34,932,412
94$49,028,594$2,482,219$207,818$38,370,342
95$53,938,779$2,513,117$124,049$42,156,118
96$59,346,945$2,542,670$34,615$46,325,176
97$65,303,796$2,570,723$0$50,916,569
98$71,865,205$2,597,111$0$55,979,821
99$79,092,741$2,621,654$0$61,560,233
100$87,054,250$2,644,164$0$67,706,403