Can I retire at age 51 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$80,349$79,634$78,935$78,254$77,588$75,045
2 years$39,777$39,036$38,318$37,622$36,947$34,408
3 years$26,255$25,511$24,794$24,105$23,441$20,987
4 years$19,495$18,753$18,044$17,366$16,718$14,368
5 years$15,440$14,703$14,003$13,339$12,709$10,469
6 years$12,737$12,006$11,316$10,667$10,056$7,928
7 years$10,808$10,082$9,404$8,770$8,178$6,162
8 years$9,361$8,642$7,975$7,357$6,785$4,878
9 years$8,237$7,525$6,869$6,267$5,714$3,915
10 years$7,338$6,633$5,989$5,402$4,868$3,175
11 years$6,603$5,905$5,272$4,701$4,187$2,595
12 years$5,991$5,300$4,679$4,124$3,628$2,135
13 years$5,473$4,789$4,180$3,641$3,164$1,765
14 years$5,030$4,353$3,756$3,232$2,773$1,466
15 years$4,646$3,977$3,391$2,882$2,442$1,221
16 years$4,311$3,649$3,075$2,581$2,158$1,020
17 years$4,015$3,360$2,798$2,319$1,914$854
18 years$3,752$3,105$2,554$2,090$1,702$716
19 years$3,518$2,878$2,338$1,888$1,517$601
20 years$3,307$2,674$2,146$1,710$1,355$506
21 years$3,116$2,491$1,974$1,552$1,212$426
22 years$2,943$2,325$1,819$1,411$1,087$359
23 years$2,786$2,175$1,680$1,285$975$303
24 years$2,641$2,038$1,553$1,172$877$255
25 years$2,509$1,912$1,439$1,070$789$216
26 years$2,386$1,797$1,334$979$711$182
27 years$2,273$1,691$1,239$896$641$154
28 years$2,169$1,594$1,152$821$578$130
29 years$2,071$1,503$1,072$753$522$110
30 years$1,981$1,420$998$691$472$93
31 years$1,896$1,342$931$634$426$79
32 years$1,817$1,270$868$583$386$67
33 years$1,743$1,203$811$536$349$56
34 years$1,673$1,140$758$493$316$48
35 years$1,607$1,081$708$454$286$40
36 years$1,545$1,026$663$418$259$34
37 years$1,487$975$620$385$235$29
38 years$1,432$926$581$355$213$24
39 years$1,380$881$544$328$193$21
40 years$1,330$838$510$302$175$18
41 years$1,283$798$478$279$159$15
42 years$1,239$760$449$257$144$13
43 years$1,196$724$421$237$131$11
44 years$1,156$690$395$219$119$9
45 years$1,118$658$371$202$108$8
46 years$1,081$628$348$187$98$6
47 years$1,046$599$327$173$89$5
48 years$1,013$572$308$160$81$5
49 years$981$546$289$148$73$4
50 years$950$522$272$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $973,000, adding $2,254 every year, while hoping to spend $52,955 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: 63/20/17 Blend
50$973,000$973,000$973,000$973,000
51$1,074,571$1,023,002$1,007,921$1,137,559
52$1,127,834$1,016,785$985,342$1,173,945
53$1,184,754$1,008,489$960,233$1,207,452
54$1,245,650$997,956$932,451$1,242,784
55$1,310,868$985,018$901,851$1,280,123
56$1,380,791$969,499$868,277$1,319,668
57$1,455,837$951,209$831,569$1,361,643
58$1,536,465$929,951$791,560$1,406,296
59$1,623,179$905,514$748,072$1,453,901
60$1,716,533$877,673$700,922$1,504,764
61$1,817,135$846,194$649,918$1,559,224
62$1,925,651$810,827$594,859$1,617,656
63$2,042,817$771,306$535,535$1,680,477
64$2,169,436$727,352$471,728$1,748,151
65$2,306,396$678,669$403,208$1,821,190
66$2,454,669$624,945$329,736$1,900,162
67$2,615,326$565,848$251,063$1,985,697
68$2,789,544$501,030$166,929$2,078,495
69$2,978,618$430,120$77,061$2,179,327
70$3,183,970$352,729$0$2,289,051
71$3,407,166$268,444$0$2,412,034
72$3,649,928$176,829$0$2,561,046
73$3,914,152$77,425$0$2,723,315
74$4,201,923$0$0$2,900,185
75$4,515,535$0$0$3,099,800
76$4,857,513$0$0$3,336,115
77$5,230,638$0$0$3,594,018
78$5,637,967$0$0$3,875,632
79$6,082,868$0$0$4,183,294
80$6,569,049$0$0$4,519,576
81$7,100,591$0$0$4,887,311
82$7,681,988$0$0$5,289,618
83$8,318,186$0$0$5,729,929
84$9,014,635$0$0$6,212,026
85$9,777,334$0$0$6,740,073
86$10,612,889$0$0$7,318,656
87$11,528,575$0$0$7,952,823
88$12,532,407$0$0$8,648,136
89$13,633,209$0$0$9,410,722
90$14,840,701$0$0$10,247,326
91$16,165,591$0$0$11,165,380
92$17,619,669$0$0$12,173,070
93$19,215,927$0$0$13,279,412
94$20,968,674$0$0$14,494,339
95$22,893,672$0$0$15,828,791
96$25,008,284$0$0$17,294,823
97$27,331,640$0$0$18,905,712
98$29,884,812$0$0$20,676,086
99$32,691,016$0$0$22,622,061
100$35,775,828$0$0$24,761,392