Can I retire at age 51 with 969,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$80,019$79,306$78,611$77,932$77,269$75,218
2 years$39,613$38,876$38,161$37,467$36,795$34,743
3 years$26,147$25,406$24,692$24,006$23,344$21,355
4 years$19,415$18,676$17,970$17,295$16,649$14,739
5 years$15,376$14,642$13,945$13,284$12,657$10,830
6 years$12,685$11,956$11,270$10,623$10,015$8,274
7 years$10,764$10,041$9,365$8,734$8,145$6,489
8 years$9,323$8,607$7,943$7,327$6,757$5,186
9 years$8,203$7,494$6,841$6,241$5,690$4,203
10 years$7,308$6,606$5,964$5,380$4,848$3,442
11 years$6,576$5,880$5,251$4,682$4,170$2,843
12 years$5,966$5,278$4,660$4,107$3,613$2,364
13 years$5,451$4,770$4,163$3,626$3,151$1,976
14 years$5,009$4,336$3,741$3,218$2,762$1,659
15 years$4,627$3,961$3,377$2,870$2,432$1,397
16 years$4,293$3,634$3,062$2,570$2,149$1,180
17 years$3,999$3,347$2,786$2,309$1,906$1,000
18 years$3,737$3,092$2,544$2,081$1,695$849
19 years$3,503$2,866$2,329$1,880$1,510$721
20 years$3,293$2,663$2,137$1,703$1,349$614
21 years$3,104$2,481$1,966$1,546$1,207$523
22 years$2,931$2,316$1,812$1,405$1,082$447
23 years$2,774$2,166$1,673$1,280$971$381
24 years$2,630$2,029$1,547$1,167$873$326
25 years$2,498$1,904$1,433$1,066$786$279
26 years$2,377$1,790$1,329$975$708$239
27 years$2,264$1,684$1,234$892$638$204
28 years$2,160$1,587$1,147$817$576$175
29 years$2,063$1,497$1,068$750$520$150
30 years$1,972$1,414$994$688$470$128
31 years$1,888$1,337$927$632$425$110
32 years$1,809$1,265$865$581$384$94
33 years$1,735$1,198$808$534$348$81
34 years$1,666$1,135$755$491$315$69
35 years$1,601$1,077$705$452$285$59
36 years$1,539$1,022$660$417$258$51
37 years$1,481$971$618$384$234$44
38 years$1,426$922$578$354$212$38
39 years$1,374$877$542$326$192$32
40 years$1,325$835$508$301$175$28
41 years$1,278$794$476$278$158$24
42 years$1,234$757$447$256$144$20
43 years$1,191$721$419$236$130$17
44 years$1,151$687$394$218$118$15
45 years$1,113$655$370$202$107$13
46 years$1,077$625$347$186$98$11
47 years$1,042$597$326$172$89$9
48 years$1,008$569$306$159$80$8
49 years$977$544$288$147$73$7
50 years$946$519$271$136$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $969,000, adding $5,361 every year, while hoping to spend $45,501 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: 62/32/6 Blend
50$969,000$969,000$969,000$969,000
51$1,073,368$1,022,011$1,006,991$1,138,432
52$1,134,439$1,023,677$992,313$1,184,173
53$1,200,214$1,023,899$975,618$1,228,276
54$1,271,125$1,022,559$956,790$1,275,235
55$1,347,646$1,019,532$935,709$1,325,326
56$1,430,299$1,014,682$912,248$1,378,850
57$1,519,656$1,007,867$886,275$1,436,144
58$1,616,347$998,939$857,651$1,497,579
59$1,721,063$987,736$826,231$1,563,565
60$1,834,565$974,089$791,864$1,634,555
61$1,957,691$957,819$754,391$1,711,053
62$2,091,359$938,735$713,647$1,793,611
63$2,236,581$916,637$669,458$1,882,843
64$2,394,472$891,312$621,644$1,979,427
65$2,566,254$862,533$570,016$2,084,113
66$2,753,277$830,061$514,376$2,197,728
67$2,957,021$793,644$454,517$2,321,189
68$3,179,119$753,014$390,225$2,455,506
69$3,421,366$707,889$321,275$2,601,798
70$3,685,738$657,968$247,430$2,761,301
71$3,974,411$602,937$168,447$2,935,379
72$4,289,780$542,460$84,069$3,125,541
73$4,634,481$476,184$0$3,333,453
74$5,011,417$403,735$0$3,561,338
75$5,423,782$324,719$0$3,816,616
76$5,875,097$238,719$0$4,096,163
77$6,369,236$145,295$0$4,402,478
78$6,910,465$43,982$0$4,738,322
79$7,503,485$0$0$5,106,739
80$8,153,469$0$0$5,534,231
81$8,866,117$0$0$6,019,990
82$9,647,707$0$0$6,552,816
83$10,505,152$0$0$7,137,432
84$11,446,068$0$0$7,779,040
85$12,478,843$0$0$8,483,370
86$13,612,718$0$0$9,256,734
87$14,857,870$0$0$10,106,085
88$16,225,512$0$0$11,039,083
89$17,727,997$0$0$12,064,165
90$19,378,930$0$0$13,190,627
91$21,193,303$0$0$14,428,709
92$23,187,630$0$0$15,789,694
93$25,380,106$0$0$17,286,011
94$27,790,776$0$0$18,931,354
95$30,441,723$0$0$20,740,811
96$33,357,281$0$0$22,731,003
97$36,564,256$0$0$24,920,246
98$40,092,185$0$0$27,328,718
99$43,973,612$0$0$29,978,652
100$48,244,393$0$0$32,894,545