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%18.4%
1 years$80,019$79,306$78,611$77,932$77,269$74,647
2 years$39,613$38,876$38,161$37,467$36,795$34,179
3 years$26,147$25,406$24,692$24,006$23,344$20,817
4 years$19,415$18,676$17,970$17,295$16,649$14,230
5 years$15,376$14,642$13,945$13,284$12,657$10,352
6 years$12,685$11,956$11,270$10,623$10,015$7,827
7 years$10,764$10,041$9,365$8,734$8,145$6,072
8 years$9,323$8,607$7,943$7,327$6,757$4,799
9 years$8,203$7,494$6,841$6,241$5,690$3,845
10 years$7,308$6,606$5,964$5,380$4,848$3,112
11 years$6,576$5,880$5,251$4,682$4,170$2,539
12 years$5,966$5,278$4,660$4,107$3,613$2,084
13 years$5,451$4,770$4,163$3,626$3,151$1,720
14 years$5,009$4,336$3,741$3,218$2,762$1,425
15 years$4,627$3,961$3,377$2,870$2,432$1,184
16 years$4,293$3,634$3,062$2,570$2,149$987
17 years$3,999$3,347$2,786$2,309$1,906$824
18 years$3,737$3,092$2,544$2,081$1,695$690
19 years$3,503$2,866$2,329$1,880$1,510$578
20 years$3,293$2,663$2,137$1,703$1,349$485
21 years$3,104$2,481$1,966$1,546$1,207$408
22 years$2,931$2,316$1,812$1,405$1,082$343
23 years$2,774$2,166$1,673$1,280$971$288
24 years$2,630$2,029$1,547$1,167$873$243
25 years$2,498$1,904$1,433$1,066$786$204
26 years$2,377$1,790$1,329$975$708$172
27 years$2,264$1,684$1,234$892$638$145
28 years$2,160$1,587$1,147$817$576$122
29 years$2,063$1,497$1,068$750$520$103
30 years$1,972$1,414$994$688$470$87
31 years$1,888$1,337$927$632$425$73
32 years$1,809$1,265$865$581$384$62
33 years$1,735$1,198$808$534$348$52
34 years$1,666$1,135$755$491$315$44
35 years$1,601$1,077$705$452$285$37
36 years$1,539$1,022$660$417$258$31
37 years$1,481$971$618$384$234$27
38 years$1,426$922$578$354$212$22
39 years$1,374$877$542$326$192$19
40 years$1,325$835$508$301$175$16
41 years$1,278$794$476$278$158$14
42 years$1,234$757$447$256$144$11
43 years$1,191$721$419$236$130$10
44 years$1,151$687$394$218$118$8
45 years$1,113$655$370$202$107$7
46 years$1,077$625$347$186$98$6
47 years$1,042$597$326$172$89$5
48 years$1,008$569$306$159$80$4
49 years$977$544$288$147$73$3
50 years$946$519$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $969,000, adding $3,261 every year, while hoping to spend $26,678 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: 34/47/19 Blend
50$969,000$969,000$969,000$969,000
51$1,071,202$1,019,845$1,004,825$1,101,269
52$1,152,079$1,041,432$1,010,102$1,145,286
53$1,240,312$1,063,183$1,014,661$1,190,021
54$1,336,622$1,085,077$1,018,450$1,237,704
55$1,441,805$1,107,093$1,021,415$1,288,612
56$1,556,734$1,129,206$1,023,499$1,343,048
57$1,682,375$1,151,391$1,024,639$1,401,349
58$1,819,786$1,173,618$1,024,774$1,463,887
59$1,970,137$1,195,858$1,023,836$1,531,070
60$2,134,712$1,218,076$1,021,756$1,603,350
61$2,314,928$1,240,238$1,018,461$1,681,226
62$2,512,345$1,262,303$1,013,872$1,765,248
63$2,728,678$1,284,230$1,007,911$1,856,022
64$2,965,820$1,305,974$1,000,493$1,954,218
65$3,225,853$1,327,486$991,529$2,060,576
66$3,511,071$1,348,714$980,926$2,175,912
67$3,824,001$1,369,601$968,588$2,301,124
68$4,167,426$1,390,089$954,413$2,437,207
69$4,544,412$1,410,112$938,294$2,585,257
70$4,958,335$1,429,601$920,121$2,746,483
71$5,412,917$1,448,482$899,776$2,922,220
72$5,912,253$1,466,677$877,137$3,113,940
73$6,460,860$1,484,101$852,078$3,323,268
74$7,063,709$1,500,663$824,464$3,551,997
75$7,726,280$1,516,268$794,156$3,802,105
76$8,454,608$1,530,814$761,008$4,075,774
77$9,255,344$1,544,189$724,868$4,375,412
78$10,135,813$1,556,279$685,575$4,703,675
79$11,104,088$1,566,958$642,963$5,063,494
80$12,169,061$1,576,095$596,859$5,458,102
81$13,340,530$1,583,548$547,078$5,891,064
82$14,629,291$1,589,169$493,433$6,366,315
83$16,047,239$1,592,799$435,723$6,888,194
84$17,607,478$1,594,267$373,741$7,461,488
85$19,324,450$1,593,395$307,270$8,091,475
86$21,214,065$1,589,993$236,085$8,783,980
87$23,293,854$1,583,857$159,948$9,545,424
88$25,583,135$1,574,773$78,613$10,382,891
89$28,103,190$1,562,513$0$11,304,193
90$30,877,475$1,546,835$0$12,319,606
91$33,931,831$1,527,484$0$13,454,087
92$37,294,735$1,504,187$0$14,702,217
93$40,997,563$1,476,658$0$16,075,611
94$45,074,891$1,444,590$0$17,587,072
95$49,564,816$1,407,662$0$19,250,715
96$54,509,321$1,365,531$0$21,082,102
97$59,954,666$1,317,836$0$23,098,386
98$65,951,826$1,264,194$0$25,318,477
99$72,556,972$1,204,200$0$27,763,222
100$79,832,003$1,137,425$0$30,455,600