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%12.8%
1 years$80,349$79,634$78,935$78,254$77,588$76,682
2 years$39,777$39,036$38,318$37,622$36,947$36,035
3 years$26,255$25,511$24,794$24,105$23,441$22,551
4 years$19,495$18,753$18,044$17,366$16,718$15,858
5 years$15,440$14,703$14,003$13,339$12,709$11,880
6 years$12,737$12,006$11,316$10,667$10,056$9,260
7 years$10,808$10,082$9,404$8,770$8,178$7,416
8 years$9,361$8,642$7,975$7,357$6,785$6,055
9 years$8,237$7,525$6,869$6,267$5,714$5,017
10 years$7,338$6,633$5,989$5,402$4,868$4,204
11 years$6,603$5,905$5,272$4,701$4,187$3,554
12 years$5,991$5,300$4,679$4,124$3,628$3,026
13 years$5,473$4,789$4,180$3,641$3,164$2,592
14 years$5,030$4,353$3,756$3,232$2,773$2,231
15 years$4,646$3,977$3,391$2,882$2,442$1,928
16 years$4,311$3,649$3,075$2,581$2,158$1,672
17 years$4,015$3,360$2,798$2,319$1,914$1,454
18 years$3,752$3,105$2,554$2,090$1,702$1,268
19 years$3,518$2,878$2,338$1,888$1,517$1,108
20 years$3,307$2,674$2,146$1,710$1,355$970
21 years$3,116$2,491$1,974$1,552$1,212$850
22 years$2,943$2,325$1,819$1,411$1,087$746
23 years$2,786$2,175$1,680$1,285$975$656
24 years$2,641$2,038$1,553$1,172$877$577
25 years$2,509$1,912$1,439$1,070$789$508
26 years$2,386$1,797$1,334$979$711$448
27 years$2,273$1,691$1,239$896$641$395
28 years$2,169$1,594$1,152$821$578$349
29 years$2,071$1,503$1,072$753$522$308
30 years$1,981$1,420$998$691$472$272
31 years$1,896$1,342$931$634$426$240
32 years$1,817$1,270$868$583$386$212
33 years$1,743$1,203$811$536$349$188
34 years$1,673$1,140$758$493$316$166
35 years$1,607$1,081$708$454$286$147
36 years$1,545$1,026$663$418$259$130
37 years$1,487$975$620$385$235$115
38 years$1,432$926$581$355$213$102
39 years$1,380$881$544$328$193$90
40 years$1,330$838$510$302$175$80
41 years$1,283$798$478$279$159$71
42 years$1,239$760$449$257$144$63
43 years$1,196$724$421$237$131$56
44 years$1,156$690$395$219$119$49
45 years$1,118$658$371$202$108$44
46 years$1,081$628$348$187$98$39
47 years$1,046$599$327$173$89$34
48 years$1,013$572$308$160$81$30
49 years$981$546$289$148$73$27
50 years$950$522$272$136$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $973,000, adding $4,918 every year, while hoping to spend $41,947 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: 72/10/18 Blend
50$973,000$973,000$973,000$973,000
51$1,077,319$1,025,750$1,010,668$1,149,976
52$1,142,574$1,031,380$999,895$1,204,532
53$1,213,080$1,035,881$987,354$1,258,731
54$1,289,326$1,039,152$972,943$1,317,013
55$1,371,854$1,041,087$956,553$1,379,775
56$1,461,257$1,041,574$938,072$1,447,454
57$1,558,188$1,040,493$917,379$1,520,534
58$1,663,364$1,037,718$894,352$1,599,548
59$1,777,574$1,033,113$868,860$1,685,084
60$1,901,687$1,026,536$840,767$1,777,792
61$2,036,657$1,017,835$809,931$1,878,386
62$2,183,537$1,006,849$776,204$1,987,656
63$2,343,480$993,408$739,430$2,106,472
64$2,517,761$977,330$699,446$2,235,795
65$2,707,778$958,425$656,083$2,376,685
66$2,915,073$936,490$609,164$2,530,309
67$3,141,342$911,309$558,502$2,697,957
68$3,388,451$882,656$503,905$2,881,050
69$3,658,457$850,290$445,169$3,081,156
70$3,953,621$813,955$382,084$3,300,005
71$4,276,435$773,384$314,429$3,539,504
72$4,629,642$728,290$241,972$3,801,757
73$5,016,262$678,372$164,474$4,089,083
74$5,439,620$623,312$81,684$4,404,043
75$5,903,379$562,773$0$4,749,458
76$6,411,573$496,398$0$5,129,720
77$6,968,643$423,811$0$5,563,806
78$7,579,482$344,615$0$6,039,852
79$8,249,477$258,389$0$6,562,088
80$8,984,564$164,690$0$7,135,176
81$9,791,279$63,049$0$7,764,253
82$10,676,824$0$0$8,454,981
83$11,649,129$0$0$9,218,773
84$12,716,932$0$0$10,065,251
85$13,889,858$0$0$10,995,114
86$15,178,511$0$0$12,016,775
87$16,594,571$0$0$13,139,499
88$18,150,905$0$0$14,373,498
89$19,861,693$0$0$15,730,018
90$21,742,551$0$0$17,221,452
91$23,810,689$0$0$18,861,451
92$26,085,064$0$0$20,665,058
93$28,586,564$0$0$22,648,844
94$31,338,204$0$0$24,831,069
95$34,365,338$0$0$27,231,851
96$37,695,906$0$0$29,873,354
97$41,360,688$0$0$32,780,002
98$45,393,602$0$0$35,978,705
99$49,832,018$0$0$39,499,112
100$54,717,113$0$0$43,373,895