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%13.3%
1 years$80,432$79,716$79,017$78,334$77,668$76,602
2 years$39,818$39,076$38,358$37,661$36,985$35,913
3 years$26,282$25,537$24,820$24,130$23,465$22,420
4 years$19,515$18,772$18,063$17,384$16,735$15,726
5 years$15,456$14,718$14,017$13,353$12,722$11,751
6 years$12,751$12,018$11,328$10,678$10,066$9,135
7 years$10,819$10,093$9,414$8,779$8,187$7,295
8 years$9,371$8,651$7,984$7,365$6,792$5,939
9 years$8,246$7,533$6,876$6,273$5,720$4,906
10 years$7,346$6,640$5,995$5,407$4,873$4,099
11 years$6,610$5,911$5,278$4,706$4,191$3,454
12 years$5,997$5,305$4,684$4,128$3,632$2,932
13 years$5,479$4,794$4,185$3,644$3,167$2,503
14 years$5,035$4,358$3,760$3,235$2,776$2,148
15 years$4,651$3,981$3,395$2,885$2,445$1,850
16 years$4,315$3,653$3,078$2,583$2,160$1,598
17 years$4,019$3,364$2,801$2,321$1,916$1,385
18 years$3,756$3,108$2,557$2,092$1,703$1,204
19 years$3,521$2,881$2,341$1,890$1,518$1,048
20 years$3,310$2,677$2,148$1,712$1,356$914
21 years$3,120$2,494$1,976$1,554$1,214$798
22 years$2,946$2,328$1,821$1,413$1,088$698
23 years$2,788$2,177$1,681$1,286$976$611
24 years$2,644$2,040$1,555$1,173$878$536
25 years$2,511$1,914$1,440$1,072$790$470
26 years$2,389$1,799$1,336$980$711$412
27 years$2,276$1,693$1,240$897$641$362
28 years$2,171$1,595$1,153$822$579$318
29 years$2,073$1,505$1,073$753$523$280
30 years$1,983$1,421$999$691$472$246
31 years$1,898$1,344$932$635$427$217
32 years$1,819$1,271$869$584$386$191
33 years$1,744$1,204$812$537$349$168
34 years$1,674$1,141$758$494$316$148
35 years$1,609$1,082$709$455$287$130
36 years$1,547$1,027$663$419$260$115
37 years$1,489$976$621$386$235$101
38 years$1,433$927$581$356$213$89
39 years$1,381$882$545$328$193$79
40 years$1,332$839$511$302$175$69
41 years$1,285$799$479$279$159$61
42 years$1,240$761$449$257$144$54
43 years$1,198$725$421$238$131$48
44 years$1,157$691$396$219$119$42
45 years$1,119$659$371$203$108$37
46 years$1,082$628$349$187$98$33
47 years$1,047$600$328$173$89$29
48 years$1,014$572$308$160$81$25
49 years$982$547$289$148$73$22
50 years$951$522$272$137$67$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $974,000, adding $3,903 every year, while hoping to spend $42,530 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: 53/20/27 Blend
50$974,000$974,000$974,000$974,000
51$1,077,374$1,025,752$1,010,655$1,126,178
52$1,142,014$1,030,762$999,260$1,165,397
53$1,211,823$1,034,593$986,058$1,203,393
54$1,287,282$1,037,140$970,944$1,243,889
55$1,368,920$1,038,296$953,807$1,287,142
56$1,457,322$1,037,944$934,531$1,333,435
57$1,553,126$1,035,961$912,996$1,383,083
58$1,657,039$1,032,217$889,074$1,436,435
59$1,769,833$1,026,572$862,635$1,493,876
60$1,892,362$1,018,879$833,538$1,555,836
61$2,025,561$1,008,983$801,640$1,622,789
62$2,170,462$996,717$766,790$1,695,259
63$2,328,200$981,907$728,827$1,773,829
64$2,500,022$964,366$687,589$1,859,141
65$2,687,301$943,897$642,900$1,951,910
66$2,891,550$920,292$594,582$2,052,924
67$3,114,432$893,330$542,444$2,163,055
68$3,357,778$862,777$486,289$2,283,270
69$3,623,604$828,386$425,913$2,414,636
70$3,914,129$789,894$361,098$2,558,334
71$4,231,797$747,026$291,622$2,715,672
72$4,579,297$699,487$217,248$2,888,093
73$4,959,591$646,968$137,732$3,077,194
74$5,375,942$589,142$52,818$3,284,740
75$5,831,941$525,662$0$3,512,683
76$6,331,542$456,163$0$3,774,067
77$6,879,102$380,258$0$4,077,332
78$7,479,418$297,538$0$4,409,959
79$8,137,774$207,572$0$4,774,946
80$8,859,988$109,905$0$5,175,593
81$9,652,472$4,055$0$5,615,544
82$10,522,285$0$0$6,098,814
83$11,477,205$0$0$6,654,149
84$12,525,799$0$0$7,265,040
85$13,677,503$0$0$7,936,105
86$14,942,715$0$0$8,673,414
87$16,332,887$0$0$9,483,656
88$17,860,635$0$0$10,374,197
89$19,539,861$0$0$11,353,155
90$21,385,877$0$0$12,429,471
91$23,415,554$0$0$13,612,998
92$25,647,481$0$0$14,914,590
93$28,102,136$0$0$16,346,206
94$30,802,081$0$0$17,921,021
95$33,772,178$0$0$19,653,555
96$37,039,815$0$0$21,559,801
97$40,635,171$0$0$23,657,384
98$44,591,499$0$0$25,965,723
99$48,945,436$0$0$28,506,214
100$53,737,351$0$0$31,302,433