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%13.7%
1 years$80,019$79,306$78,611$77,932$77,269$76,083
2 years$39,613$38,876$38,161$37,467$36,795$35,603
3 years$26,147$25,406$24,692$24,006$23,344$22,183
4 years$19,415$18,676$17,970$17,295$16,649$15,528
5 years$15,376$14,642$13,945$13,284$12,657$11,579
6 years$12,685$11,956$11,270$10,623$10,015$8,982
7 years$10,764$10,041$9,365$8,734$8,145$7,156
8 years$9,323$8,607$7,943$7,327$6,757$5,813
9 years$8,203$7,494$6,841$6,241$5,690$4,791
10 years$7,308$6,606$5,964$5,380$4,848$3,992
11 years$6,576$5,880$5,251$4,682$4,170$3,356
12 years$5,966$5,278$4,660$4,107$3,613$2,842
13 years$5,451$4,770$4,163$3,626$3,151$2,420
14 years$5,009$4,336$3,741$3,218$2,762$2,070
15 years$4,627$3,961$3,377$2,870$2,432$1,778
16 years$4,293$3,634$3,062$2,570$2,149$1,533
17 years$3,999$3,347$2,786$2,309$1,906$1,324
18 years$3,737$3,092$2,544$2,081$1,695$1,147
19 years$3,503$2,866$2,329$1,880$1,510$996
20 years$3,293$2,663$2,137$1,703$1,349$866
21 years$3,104$2,481$1,966$1,546$1,207$754
22 years$2,931$2,316$1,812$1,405$1,082$657
23 years$2,774$2,166$1,673$1,280$971$574
24 years$2,630$2,029$1,547$1,167$873$501
25 years$2,498$1,904$1,433$1,066$786$438
26 years$2,377$1,790$1,329$975$708$384
27 years$2,264$1,684$1,234$892$638$336
28 years$2,160$1,587$1,147$817$576$294
29 years$2,063$1,497$1,068$750$520$258
30 years$1,972$1,414$994$688$470$226
31 years$1,888$1,337$927$632$425$198
32 years$1,809$1,265$865$581$384$174
33 years$1,735$1,198$808$534$348$153
34 years$1,666$1,135$755$491$315$134
35 years$1,601$1,077$705$452$285$118
36 years$1,539$1,022$660$417$258$103
37 years$1,481$971$618$384$234$91
38 years$1,426$922$578$354$212$80
39 years$1,374$877$542$326$192$70
40 years$1,325$835$508$301$175$62
41 years$1,278$794$476$278$158$54
42 years$1,234$757$447$256$144$48
43 years$1,191$721$419$236$130$42
44 years$1,151$687$394$218$118$37
45 years$1,113$655$370$202$107$32
46 years$1,077$625$347$186$98$28
47 years$1,042$597$326$172$89$25
48 years$1,008$569$306$159$80$22
49 years$977$544$288$147$73$19
50 years$946$519$271$136$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $969,000, adding $4,779 every year, while hoping to spend $21,185 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: 60/13/27 Blend
50$969,000$969,000$969,000$969,000
51$1,072,768$1,021,411$1,006,391$1,129,054
52$1,159,649$1,048,919$1,017,564$1,195,474
53$1,254,683$1,077,065$1,028,402$1,265,227
54$1,358,677$1,105,858$1,038,871$1,340,892
55$1,472,524$1,135,307$1,048,934$1,423,050
56$1,597,203$1,165,419$1,058,556$1,512,339
57$1,733,796$1,196,203$1,067,696$1,609,464
58$1,883,493$1,227,666$1,076,313$1,715,202
59$2,047,603$1,259,816$1,084,363$1,830,408
60$2,227,570$1,292,658$1,091,801$1,956,024
61$2,424,984$1,326,201$1,098,578$2,093,089
62$2,641,596$1,360,448$1,104,644$2,242,748
63$2,879,334$1,395,404$1,109,944$2,406,260
64$3,140,322$1,431,075$1,114,423$2,585,016
65$3,426,901$1,467,464$1,118,023$2,780,548
66$3,741,648$1,504,573$1,120,680$2,994,542
67$4,087,404$1,542,405$1,122,330$3,228,859
68$4,467,295$1,580,959$1,122,905$3,485,549
69$4,884,770$1,620,237$1,122,333$3,766,869
70$5,343,624$1,660,236$1,120,538$4,075,309
71$5,848,040$1,700,954$1,117,443$4,413,614
72$6,402,627$1,742,388$1,112,964$4,784,805
73$7,012,462$1,784,531$1,107,015$5,192,216
74$7,683,137$1,827,378$1,099,505$5,639,518
75$8,420,817$1,870,919$1,090,338$6,130,759
76$9,232,292$1,915,145$1,079,415$6,670,400
77$10,125,041$1,960,044$1,066,632$7,263,357
78$11,107,310$2,005,600$1,051,878$7,915,046
79$12,188,180$2,051,799$1,035,040$8,631,441
80$13,377,658$2,098,621$1,015,998$9,419,121
81$14,686,771$2,146,045$994,625$10,285,339
82$16,127,668$2,194,047$970,792$11,238,090
83$17,713,736$2,242,602$944,359$12,286,181
84$19,459,726$2,291,678$915,184$13,439,324
85$21,381,892$2,341,244$883,116$14,708,217
86$23,498,142$2,391,262$847,998$16,104,655
87$25,828,212$2,441,694$809,666$17,641,634
88$28,393,847$2,492,494$767,947$19,333,479
89$31,219,008$2,543,614$722,661$21,195,976
90$34,330,098$2,595,003$673,622$23,246,524
91$37,756,212$2,646,603$620,633$25,504,298
92$41,529,410$2,698,350$563,488$27,990,430
93$45,685,020$2,750,179$501,975$30,728,210
94$50,261,969$2,802,015$435,868$33,743,304
95$55,303,155$2,853,779$364,934$37,064,002
96$60,855,847$2,905,384$288,930$40,721,478
97$66,972,135$2,956,740$207,601$44,750,089
98$73,709,417$3,007,744$120,680$49,187,700
99$81,130,945$3,058,291$27,891$54,076,042
100$89,306,419$3,108,265$0$59,461,103