Can I retire at age 51 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$80,267$79,552$78,854$78,173$77,509$75,360
2 years$39,736$38,996$38,279$37,583$36,909$34,760
3 years$26,228$25,484$24,769$24,080$23,417$21,335
4 years$19,475$18,734$18,025$17,348$16,701$14,703
5 years$15,424$14,687$13,988$13,325$12,696$10,786
6 years$12,724$11,993$11,305$10,656$10,046$8,227
7 years$10,797$10,072$9,394$8,761$8,170$6,441
8 years$9,352$8,634$7,967$7,349$6,778$5,139
9 years$8,229$7,517$6,862$6,260$5,708$4,157
10 years$7,330$6,626$5,983$5,396$4,863$3,399
11 years$6,596$5,899$5,267$4,696$4,183$2,802
12 years$5,985$5,294$4,674$4,119$3,625$2,325
13 years$5,468$4,785$4,176$3,637$3,161$1,939
14 years$5,025$4,349$3,752$3,228$2,771$1,624
15 years$4,641$3,973$3,388$2,879$2,439$1,365
16 years$4,306$3,645$3,072$2,578$2,156$1,151
17 years$4,011$3,357$2,795$2,316$1,912$973
18 years$3,749$3,102$2,551$2,087$1,700$824
19 years$3,514$2,875$2,336$1,886$1,515$699
20 years$3,304$2,671$2,144$1,708$1,353$594
21 years$3,113$2,488$1,972$1,550$1,211$505
22 years$2,940$2,323$1,817$1,410$1,086$430
23 years$2,783$2,172$1,678$1,284$974$366
24 years$2,638$2,035$1,552$1,171$876$312
25 years$2,506$1,910$1,437$1,069$788$266
26 years$2,384$1,795$1,333$978$710$227
27 years$2,271$1,690$1,238$895$640$194
28 years$2,166$1,592$1,151$820$578$166
29 years$2,069$1,502$1,071$752$521$142
30 years$1,979$1,418$997$690$471$121
31 years$1,894$1,341$930$634$426$104
32 years$1,815$1,269$868$582$385$89
33 years$1,741$1,202$810$536$349$76
34 years$1,671$1,139$757$493$316$65
35 years$1,606$1,080$708$454$286$55
36 years$1,544$1,025$662$418$259$47
37 years$1,485$974$620$385$235$41
38 years$1,430$925$580$355$213$35
39 years$1,378$880$544$327$193$30
40 years$1,329$837$510$302$175$25
41 years$1,282$797$478$278$159$22
42 years$1,237$759$448$257$144$19
43 years$1,195$723$421$237$131$16
44 years$1,155$689$395$219$119$14
45 years$1,116$657$371$202$108$12
46 years$1,080$627$348$187$98$10
47 years$1,045$598$327$173$89$9
48 years$1,012$571$307$159$81$7
49 years$980$545$289$147$73$6
50 years$949$521$272$136$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $972,000, adding $2,230 every year, while hoping to spend $32,567 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: 22/49/29 Blend
50$972,000$972,000$972,000$972,000
51$1,073,444$1,021,928$1,006,862$1,087,170
52$1,148,285$1,037,352$1,005,941$1,115,041
53$1,229,667$1,052,439$1,003,898$1,141,975
54$1,318,225$1,067,140$1,000,660$1,170,095
55$1,414,654$1,081,401$996,152$1,199,517
56$1,519,721$1,095,161$990,295$1,230,375
57$1,634,269$1,108,361$983,007$1,262,815
58$1,759,226$1,120,933$974,200$1,297,004
59$1,895,615$1,132,806$963,783$1,333,124
60$2,044,558$1,143,904$951,660$1,371,382
61$2,207,295$1,154,148$937,733$1,412,006
62$2,385,189$1,163,450$921,897$1,455,250
63$2,579,739$1,171,720$904,041$1,501,400
64$2,792,598$1,178,860$884,052$1,550,771
65$3,025,585$1,184,766$861,810$1,603,714
66$3,280,703$1,189,328$837,189$1,660,622
67$3,560,158$1,192,429$810,058$1,721,930
68$3,866,380$1,193,943$780,280$1,788,122
69$4,202,043$1,193,739$747,712$1,859,735
70$4,570,095$1,191,675$712,204$1,937,366
71$4,973,780$1,187,603$673,598$2,021,679
72$5,416,674$1,181,364$631,732$2,113,409
73$5,902,713$1,172,789$586,433$2,213,375
74$6,436,234$1,161,701$537,524$2,322,481
75$7,022,016$1,147,909$484,817$2,441,733
76$7,665,319$1,131,215$428,116$2,572,245
77$8,371,942$1,111,405$367,218$2,715,253
78$9,148,271$1,088,254$301,910$2,872,126
79$10,001,340$1,061,524$231,970$3,044,380
80$10,938,900$1,030,962$157,164$3,233,694
81$11,969,491$996,302$77,252$3,441,930
82$13,102,519$957,261$0$3,671,147
83$14,348,347$913,538$0$3,926,109
84$15,718,396$864,819$0$4,232,526
85$17,225,245$810,768$0$4,569,346
86$18,882,755$751,030$0$4,939,748
87$20,706,198$685,233$0$5,347,239
88$22,712,400$612,979$0$5,795,697
89$24,919,901$533,851$0$6,289,399
90$27,349,129$447,408$0$6,833,071
91$30,022,591$353,182$0$7,431,928
92$32,965,087$250,680$0$8,091,728
93$36,203,944$139,381$0$8,818,829
94$39,769,272$18,736$0$9,620,246
95$43,694,248$0$0$10,503,724
96$48,015,429$0$0$11,538,111
97$52,773,098$0$0$12,688,324
98$58,011,643$0$0$13,955,018
99$63,779,973$0$0$15,350,048
100$70,131,984$0$0$16,886,478