Can I retire at age 51 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$80,019$79,306$78,611$77,932$77,269$75,802
2 years$39,613$38,876$38,161$37,467$36,795$35,323
3 years$26,147$25,406$24,692$24,006$23,344$21,913
4 years$19,415$18,676$17,970$17,295$16,649$15,269
5 years$15,376$14,642$13,945$13,284$12,657$11,332
6 years$12,685$11,956$11,270$10,623$10,015$8,747
7 years$10,764$10,041$9,365$8,734$8,145$6,935
8 years$9,323$8,607$7,943$7,327$6,757$5,604
9 years$8,203$7,494$6,841$6,241$5,690$4,594
10 years$7,308$6,606$5,964$5,380$4,848$3,807
11 years$6,576$5,880$5,251$4,682$4,170$3,183
12 years$5,966$5,278$4,660$4,107$3,613$2,679
13 years$5,451$4,770$4,163$3,626$3,151$2,268
14 years$5,009$4,336$3,741$3,218$2,762$1,928
15 years$4,627$3,961$3,377$2,870$2,432$1,646
16 years$4,293$3,634$3,062$2,570$2,149$1,410
17 years$3,999$3,347$2,786$2,309$1,906$1,211
18 years$3,737$3,092$2,544$2,081$1,695$1,042
19 years$3,503$2,866$2,329$1,880$1,510$898
20 years$3,293$2,663$2,137$1,703$1,349$776
21 years$3,104$2,481$1,966$1,546$1,207$671
22 years$2,931$2,316$1,812$1,405$1,082$581
23 years$2,774$2,166$1,673$1,280$971$504
24 years$2,630$2,029$1,547$1,167$873$437
25 years$2,498$1,904$1,433$1,066$786$379
26 years$2,377$1,790$1,329$975$708$330
27 years$2,264$1,684$1,234$892$638$287
28 years$2,160$1,587$1,147$817$576$249
29 years$2,063$1,497$1,068$750$520$217
30 years$1,972$1,414$994$688$470$189
31 years$1,888$1,337$927$632$425$164
32 years$1,809$1,265$865$581$384$143
33 years$1,735$1,198$808$534$348$125
34 years$1,666$1,135$755$491$315$109
35 years$1,601$1,077$705$452$285$95
36 years$1,539$1,022$660$417$258$83
37 years$1,481$971$618$384$234$72
38 years$1,426$922$578$354$212$63
39 years$1,374$877$542$326$192$55
40 years$1,325$835$508$301$175$48
41 years$1,278$794$476$278$158$42
42 years$1,234$757$447$256$144$36
43 years$1,191$721$419$236$130$32
44 years$1,151$687$394$218$118$28
45 years$1,113$655$370$202$107$24
46 years$1,077$625$347$186$98$21
47 years$1,042$597$326$172$89$18
48 years$1,008$569$306$159$80$16
49 years$977$544$288$147$73$14
50 years$946$519$271$136$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $969,000, adding $6,696 every year, while hoping to spend $38,307 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: 70/15/15 Blend
50$969,000$969,000$969,000$969,000
51$1,074,745$1,023,388$1,008,368$1,145,832
52$1,143,611$1,032,776$1,001,390$1,203,343
53$1,218,217$1,041,339$992,895$1,261,033
54$1,299,108$1,048,998$982,790$1,323,182
55$1,386,885$1,055,667$970,981$1,390,226
56$1,482,205$1,061,253$957,367$1,462,642
57$1,585,795$1,065,659$941,844$1,540,960
58$1,698,451$1,068,782$924,301$1,625,761
59$1,821,053$1,070,511$904,624$1,717,687
60$1,954,564$1,070,730$882,693$1,817,446
61$2,100,048$1,069,314$858,382$1,925,818
62$2,258,674$1,066,132$831,559$2,043,666
63$2,431,729$1,061,043$802,087$2,171,937
64$2,620,630$1,053,899$769,821$2,311,681
65$2,826,937$1,044,542$734,612$2,464,051
66$3,052,364$1,032,805$696,302$2,630,321
67$3,298,804$1,018,511$654,727$2,811,896
68$3,568,336$1,001,472$609,714$3,010,325
69$3,863,252$981,489$561,085$3,227,317
70$4,186,073$958,352$508,651$3,464,755
71$4,539,579$931,837$452,217$3,724,716
72$4,926,828$901,709$391,578$4,009,493
73$5,351,189$867,718$326,521$4,321,611
74$5,816,372$829,598$256,821$4,663,856
75$6,326,464$787,070$182,247$5,039,301
76$6,885,965$739,838$102,554$5,451,333
77$7,499,833$687,590$17,488$5,903,689
78$8,173,527$629,993$0$6,400,486
79$8,913,063$566,698$0$6,957,998
80$9,725,065$497,336$0$7,573,250
81$10,616,832$421,516$0$8,249,011
82$11,596,403$338,824$0$8,991,415
83$12,672,634$248,825$0$9,807,227
84$13,855,284$151,058$0$10,703,900
85$15,155,099$45,037$0$11,689,649
86$16,583,924$0$0$12,773,527
87$18,154,803$0$0$13,977,027
88$19,882,110$0$0$15,308,603
89$21,781,681$0$0$16,773,036
90$23,870,964$0$0$18,383,784
91$26,169,182$0$0$20,155,675
92$28,697,514$0$0$22,105,047
93$31,479,297$0$0$24,249,900
94$34,540,243$0$0$26,610,066
95$37,908,682$0$0$29,207,401
96$41,615,830$0$0$32,065,981
97$45,696,082$0$0$35,212,338
98$50,187,335$0$0$38,675,706
99$55,131,350$0$0$42,488,297
100$60,574,138$0$0$46,685,603