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%17.7%
1 years$80,349$79,634$78,935$78,254$77,588$75,165
2 years$39,777$39,036$38,318$37,622$36,947$34,527
3 years$26,255$25,511$24,794$24,105$23,441$21,100
4 years$19,495$18,753$18,044$17,366$16,718$14,475
5 years$15,440$14,703$14,003$13,339$12,709$10,569
6 years$12,737$12,006$11,316$10,667$10,056$8,021
7 years$10,808$10,082$9,404$8,770$8,178$6,248
8 years$9,361$8,642$7,975$7,357$6,785$4,959
9 years$8,237$7,525$6,869$6,267$5,714$3,989
10 years$7,338$6,633$5,989$5,402$4,868$3,243
11 years$6,603$5,905$5,272$4,701$4,187$2,658
12 years$5,991$5,300$4,679$4,124$3,628$2,192
13 years$5,473$4,789$4,180$3,641$3,164$1,818
14 years$5,030$4,353$3,756$3,232$2,773$1,513
15 years$4,646$3,977$3,391$2,882$2,442$1,264
16 years$4,311$3,649$3,075$2,581$2,158$1,059
17 years$4,015$3,360$2,798$2,319$1,914$889
18 years$3,752$3,105$2,554$2,090$1,702$748
19 years$3,518$2,878$2,338$1,888$1,517$630
20 years$3,307$2,674$2,146$1,710$1,355$531
21 years$3,116$2,491$1,974$1,552$1,212$449
22 years$2,943$2,325$1,819$1,411$1,087$379
23 years$2,786$2,175$1,680$1,285$975$321
24 years$2,641$2,038$1,553$1,172$877$272
25 years$2,509$1,912$1,439$1,070$789$230
26 years$2,386$1,797$1,334$979$711$195
27 years$2,273$1,691$1,239$896$641$165
28 years$2,169$1,594$1,152$821$578$140
29 years$2,071$1,503$1,072$753$522$119
30 years$1,981$1,420$998$691$472$101
31 years$1,896$1,342$931$634$426$86
32 years$1,817$1,270$868$583$386$73
33 years$1,743$1,203$811$536$349$62
34 years$1,673$1,140$758$493$316$52
35 years$1,607$1,081$708$454$286$44
36 years$1,545$1,026$663$418$259$38
37 years$1,487$975$620$385$235$32
38 years$1,432$926$581$355$213$27
39 years$1,380$881$544$328$193$23
40 years$1,330$838$510$302$175$20
41 years$1,283$798$478$279$159$17
42 years$1,239$760$449$257$144$14
43 years$1,196$724$421$237$131$12
44 years$1,156$690$395$219$119$10
45 years$1,118$658$371$202$108$9
46 years$1,081$628$348$187$98$7
47 years$1,046$599$327$173$89$6
48 years$1,013$572$308$160$81$5
49 years$981$546$289$148$73$5
50 years$950$522$272$136$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $973,000, adding $5,517 every year, while hoping to spend $48,759 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: 29/45/26 Blend
50$973,000$973,000$973,000$973,000
51$1,077,937$1,026,368$1,011,286$1,100,383
52$1,136,007$1,024,781$993,285$1,116,829
53$1,198,366$1,021,481$973,047$1,129,861
54$1,265,401$1,016,335$950,445$1,142,882
55$1,337,534$1,009,198$925,347$1,155,926
56$1,415,231$999,917$897,615$1,169,032
57$1,499,003$988,331$867,103$1,182,248
58$1,589,412$974,270$833,662$1,195,632
59$1,687,073$957,551$797,131$1,209,253
60$1,792,666$937,982$757,346$1,223,193
61$1,906,935$915,361$714,134$1,237,548
62$2,030,699$889,470$667,315$1,252,428
63$2,164,859$860,082$616,698$1,267,963
64$2,310,404$826,956$562,087$1,284,304
65$2,468,424$789,835$503,275$1,301,621
66$2,640,116$748,450$440,048$1,320,112
67$2,826,798$702,514$372,180$1,340,003
68$3,029,920$651,725$299,436$1,361,552
69$3,251,075$595,764$221,571$1,385,051
70$3,492,020$534,291$138,328$1,410,833
71$3,754,685$466,951$49,442$1,439,275
72$4,041,196$393,364$0$1,470,803
73$4,353,893$313,134$0$1,518,498
74$4,695,350$225,837$0$1,585,759
75$5,068,402$131,030$0$1,659,552
76$5,476,171$28,243$0$1,740,651
77$5,922,093$0$0$1,829,920
78$6,409,950$0$0$1,969,429
79$6,943,908$0$0$2,137,581
80$7,528,554$0$0$2,321,853
81$8,168,940$0$0$2,523,858
82$8,870,628$0$0$2,745,370
83$9,639,745$0$0$2,988,345
84$10,483,037$0$0$3,254,936
85$11,407,937$0$0$3,547,516
86$12,422,628$0$0$3,868,697
87$13,536,127$0$0$4,221,357
88$14,758,365$0$0$4,608,667
89$16,100,279$0$0$5,034,120
90$17,573,921$0$0$5,501,564
91$19,192,563$0$0$6,015,236
92$20,970,829$0$0$6,579,807
93$22,924,828$0$0$7,200,421
94$25,072,307$0$0$7,882,747
95$27,432,816$0$0$8,633,028
96$30,027,897$0$0$9,458,144
97$32,881,278$0$0$10,365,676
98$36,019,107$0$0$11,363,973
99$39,470,188$0$0$12,462,239
100$43,266,259$0$0$13,670,611