Can I retire at age 51 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$80,432$79,716$79,017$78,334$77,668$77,243
2 years$39,818$39,076$38,358$37,661$36,985$36,556
3 years$26,282$25,537$24,820$24,130$23,465$23,046
4 years$19,515$18,772$18,063$17,384$16,735$16,329
5 years$15,456$14,718$14,017$13,353$12,722$12,329
6 years$12,751$12,018$11,328$10,678$10,066$9,688
7 years$10,819$10,093$9,414$8,779$8,187$7,823
8 years$9,371$8,651$7,984$7,365$6,792$6,442
9 years$8,246$7,533$6,876$6,273$5,720$5,385
10 years$7,346$6,640$5,995$5,407$4,873$4,553
11 years$6,610$5,911$5,278$4,706$4,191$3,885
12 years$5,997$5,305$4,684$4,128$3,632$3,340
13 years$5,479$4,794$4,185$3,644$3,167$2,888
14 years$5,035$4,358$3,760$3,235$2,776$2,511
15 years$4,651$3,981$3,395$2,885$2,445$2,192
16 years$4,315$3,653$3,078$2,583$2,160$1,920
17 years$4,019$3,364$2,801$2,321$1,916$1,688
18 years$3,756$3,108$2,557$2,092$1,703$1,487
19 years$3,521$2,881$2,341$1,890$1,518$1,313
20 years$3,310$2,677$2,148$1,712$1,356$1,162
21 years$3,120$2,494$1,976$1,554$1,214$1,030
22 years$2,946$2,328$1,821$1,413$1,088$915
23 years$2,788$2,177$1,681$1,286$976$813
24 years$2,644$2,040$1,555$1,173$878$724
25 years$2,511$1,914$1,440$1,072$790$645
26 years$2,389$1,799$1,336$980$711$575
27 years$2,276$1,693$1,240$897$641$513
28 years$2,171$1,595$1,153$822$579$458
29 years$2,073$1,505$1,073$753$523$410
30 years$1,983$1,421$999$691$472$366
31 years$1,898$1,344$932$635$427$328
32 years$1,819$1,271$869$584$386$293
33 years$1,744$1,204$812$537$349$263
34 years$1,674$1,141$758$494$316$235
35 years$1,609$1,082$709$455$287$211
36 years$1,547$1,027$663$419$260$189
37 years$1,489$976$621$386$235$169
38 years$1,433$927$581$356$213$152
39 years$1,381$882$545$328$193$136
40 years$1,332$839$511$302$175$122
41 years$1,285$799$479$279$159$110
42 years$1,240$761$449$257$144$98
43 years$1,198$725$421$238$131$88
44 years$1,157$691$396$219$119$79
45 years$1,119$659$371$203$108$71
46 years$1,082$628$349$187$98$64
47 years$1,047$600$328$173$89$57
48 years$1,014$572$308$160$81$51
49 years$982$547$289$148$73$46
50 years$951$522$272$137$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $974,000, adding $4,908 every year, while hoping to spend $51,490 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: 44/44/12 Blend
50$974,000$974,000$974,000$974,000
51$1,078,411$1,026,789$1,011,692$1,121,938
52$1,133,624$1,022,316$990,798$1,148,271
53$1,192,742$1,015,899$967,479$1,171,204
54$1,256,111$1,007,387$941,599$1,194,917
55$1,324,108$996,622$913,016$1,219,503
56$1,397,146$983,436$881,581$1,245,066
57$1,475,680$967,650$847,139$1,271,726
58$1,560,210$949,075$809,529$1,299,617
59$1,651,283$927,511$768,579$1,328,891
60$1,749,501$902,746$724,114$1,359,721
61$1,855,526$874,557$675,948$1,392,302
62$1,970,084$842,704$623,886$1,426,851
63$2,093,973$806,938$567,727$1,463,615
64$2,228,072$766,992$507,260$1,502,871
65$2,373,345$722,584$442,263$1,544,930
66$2,530,854$673,418$372,506$1,590,140
67$2,701,764$619,179$297,748$1,638,893
68$2,887,359$559,533$217,738$1,691,625
69$3,089,051$494,131$132,213$1,748,827
70$3,308,391$422,601$40,899$1,811,046
71$3,547,088$344,549$0$1,878,895
72$3,807,021$259,562$0$1,960,295
73$4,090,258$167,202$0$2,054,830
74$4,399,075$67,006$0$2,158,146
75$4,735,978$0$0$2,271,232
76$5,103,723$0$0$2,415,287
77$5,505,345$0$0$2,608,154
78$5,944,185$0$0$2,819,009
79$6,423,922$0$0$3,049,633
80$6,948,606$0$0$3,301,987
81$7,522,694$0$0$3,578,233
82$8,151,097$0$0$3,880,748
83$8,839,222$0$0$4,212,152
84$9,593,022$0$0$4,575,329
85$10,419,053$0$0$4,973,457
86$11,324,538$0$0$5,410,035
87$12,317,428$0$0$5,888,916
88$13,406,484$0$0$6,414,345
89$14,601,352$0$0$6,990,998
90$15,912,660$0$0$7,624,024
91$17,352,114$0$0$8,319,098
92$18,932,608$0$0$9,082,468
93$20,668,345$0$0$9,921,018
94$22,574,972$0$0$10,842,333
95$24,669,727$0$0$11,854,768
96$26,971,599$0$0$12,967,526
97$29,501,506$0$0$14,190,748
98$32,282,496$0$0$15,535,605
99$35,339,960$0$0$17,014,406
100$38,701,872$0$0$18,640,711