Can I retire at age 51 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$80,515$79,797$79,098$78,415$77,748$77,032
2 years$39,859$39,116$38,397$37,699$37,023$36,302
3 years$26,309$25,563$24,845$24,154$23,489$22,785
4 years$19,535$18,791$18,081$17,402$16,752$16,071
5 years$15,472$14,733$14,032$13,366$12,735$12,078
6 years$12,764$12,030$11,340$10,689$10,077$9,445
7 years$10,830$10,103$9,423$8,788$8,195$7,588
8 years$9,381$8,660$7,992$7,372$6,799$6,217
9 years$8,254$7,540$6,883$6,279$5,725$5,169
10 years$7,353$6,646$6,001$5,413$4,878$4,347
11 years$6,617$5,917$5,283$4,711$4,196$3,689
12 years$6,003$5,311$4,689$4,132$3,636$3,153
13 years$5,485$4,799$4,189$3,648$3,170$2,712
14 years$5,040$4,362$3,764$3,238$2,779$2,343
15 years$4,656$3,985$3,398$2,888$2,447$2,033
16 years$4,320$3,656$3,081$2,586$2,163$1,771
17 years$4,023$3,367$2,804$2,323$1,918$1,546
18 years$3,760$3,112$2,559$2,094$1,705$1,354
19 years$3,525$2,884$2,343$1,892$1,520$1,188
20 years$3,314$2,680$2,150$1,714$1,357$1,045
21 years$3,123$2,496$1,978$1,555$1,215$920
22 years$2,949$2,330$1,823$1,414$1,089$811
23 years$2,791$2,179$1,683$1,288$977$716
24 years$2,647$2,042$1,557$1,174$879$633
25 years$2,514$1,916$1,442$1,073$791$560
26 years$2,391$1,801$1,337$981$712$496
27 years$2,278$1,695$1,242$898$642$440
28 years$2,173$1,597$1,154$822$579$390
29 years$2,076$1,507$1,074$754$523$346
30 years$1,985$1,423$1,000$692$473$307
31 years$1,900$1,345$933$636$427$273
32 years$1,820$1,273$870$584$387$242
33 years$1,746$1,205$813$537$350$215
34 years$1,676$1,142$759$494$317$191
35 years$1,610$1,083$710$455$287$170
36 years$1,549$1,028$664$419$260$151
37 years$1,490$977$622$386$236$135
38 years$1,435$928$582$356$214$120
39 years$1,383$883$545$328$194$107
40 years$1,333$840$511$303$176$95
41 years$1,286$799$479$279$159$85
42 years$1,241$761$450$258$145$75
43 years$1,199$725$422$238$131$67
44 years$1,158$691$396$220$119$60
45 years$1,120$659$372$203$108$53
46 years$1,083$629$349$187$98$47
47 years$1,048$600$328$173$89$42
48 years$1,015$573$308$160$81$38
49 years$983$547$290$148$74$33
50 years$952$523$272$137$67$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $975,000, adding $2,675 every year, while hoping to spend $27,060 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: 44/46/10 Blend
50$975,000$975,000$975,000$975,000
51$1,077,209$1,025,534$1,010,422$1,121,410
52$1,158,293$1,046,994$1,015,479$1,173,837
53$1,246,740$1,068,598$1,019,799$1,227,659
54$1,343,274$1,090,325$1,023,328$1,285,381
55$1,448,689$1,112,152$1,026,011$1,347,372
56$1,563,860$1,134,053$1,027,788$1,414,039
57$1,689,753$1,156,001$1,028,598$1,485,829
58$1,827,428$1,177,964$1,028,375$1,563,235
59$1,978,053$1,199,912$1,027,053$1,646,801
60$2,142,915$1,221,808$1,024,560$1,737,127
61$2,323,430$1,243,615$1,020,821$1,834,874
62$2,521,159$1,265,291$1,015,758$1,940,770
63$2,737,820$1,286,793$1,009,288$2,055,619
64$2,975,304$1,308,073$1,001,326$2,180,307
65$3,235,696$1,329,080$991,782$2,315,809
66$3,521,291$1,349,758$980,560$2,463,202
67$3,834,617$1,370,050$967,563$2,623,675
68$4,178,457$1,389,892$952,685$2,798,535
69$4,555,879$1,409,216$935,820$2,989,227
70$4,970,262$1,427,951$916,854$3,197,342
71$5,425,327$1,446,019$895,666$3,424,635
72$5,925,174$1,463,338$872,135$3,673,041
73$6,474,319$1,479,818$846,128$3,944,695
74$7,077,737$1,495,367$817,511$4,241,948
75$7,740,909$1,509,883$786,141$4,567,397
76$8,469,874$1,523,259$751,869$4,923,901
77$9,271,285$1,535,382$714,539$5,314,616
78$10,152,470$1,546,130$673,990$5,743,019
79$11,121,504$1,555,373$630,052$6,212,948
80$12,187,285$1,562,973$582,546$6,728,630
81$13,359,614$1,568,785$531,287$7,294,728
82$14,649,291$1,572,652$476,081$7,916,385
83$16,068,216$1,574,409$416,727$8,599,270
84$17,629,499$1,573,880$353,012$9,349,632
85$19,347,586$1,570,878$284,717$10,174,364
86$21,238,394$1,565,205$211,609$11,081,065
87$23,319,461$1,556,651$133,449$12,078,112
88$25,610,111$1,544,993$49,985$13,174,741
89$28,131,638$1,529,993$0$14,381,136
90$30,907,504$1,511,401$0$15,712,694
91$33,963,561$1,488,951$0$17,183,586
92$37,328,295$1,462,361$0$18,802,148
93$41,033,097$1,431,333$0$20,583,458
94$45,112,554$1,395,549$0$22,544,132
95$49,604,779$1,354,675$0$24,702,491
96$54,551,769$1,308,357$0$27,078,725
97$59,999,803$1,256,220$0$29,695,093
98$65,999,874$1,197,866$0$32,576,130
99$72,608,175$1,132,875$0$35,748,880
100$79,886,627$1,060,804$0$39,243,151