Can I retire at age 51 with 975,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$80,515$79,797$79,098$78,415$77,748$75,532
2 years$39,859$39,116$38,397$37,699$37,023$34,807
3 years$26,309$25,563$24,845$24,154$23,489$21,343
4 years$19,535$18,791$18,081$17,402$16,752$14,693
5 years$15,472$14,733$14,032$13,366$12,735$10,768
6 years$12,764$12,030$11,340$10,689$10,077$8,204
7 years$10,830$10,103$9,423$8,788$8,195$6,416
8 years$9,381$8,660$7,992$7,372$6,799$5,113
9 years$8,254$7,540$6,883$6,279$5,725$4,131
10 years$7,353$6,646$6,001$5,413$4,878$3,373
11 years$6,617$5,917$5,283$4,711$4,196$2,777
12 years$6,003$5,311$4,689$4,132$3,636$2,301
13 years$5,485$4,799$4,189$3,648$3,170$1,917
14 years$5,040$4,362$3,764$3,238$2,779$1,604
15 years$4,656$3,985$3,398$2,888$2,447$1,346
16 years$4,320$3,656$3,081$2,586$2,163$1,133
17 years$4,023$3,367$2,804$2,323$1,918$956
18 years$3,760$3,112$2,559$2,094$1,705$809
19 years$3,525$2,884$2,343$1,892$1,520$685
20 years$3,314$2,680$2,150$1,714$1,357$581
21 years$3,123$2,496$1,978$1,555$1,215$493
22 years$2,949$2,330$1,823$1,414$1,089$419
23 years$2,791$2,179$1,683$1,288$977$357
24 years$2,647$2,042$1,557$1,174$879$304
25 years$2,514$1,916$1,442$1,073$791$259
26 years$2,391$1,801$1,337$981$712$220
27 years$2,278$1,695$1,242$898$642$188
28 years$2,173$1,597$1,154$822$579$160
29 years$2,076$1,507$1,074$754$523$137
30 years$1,985$1,423$1,000$692$473$117
31 years$1,900$1,345$933$636$427$100
32 years$1,820$1,273$870$584$387$85
33 years$1,746$1,205$813$537$350$73
34 years$1,676$1,142$759$494$317$62
35 years$1,610$1,083$710$455$287$53
36 years$1,549$1,028$664$419$260$45
37 years$1,490$977$622$386$236$39
38 years$1,435$928$582$356$214$33
39 years$1,383$883$545$328$194$28
40 years$1,333$840$511$303$176$24
41 years$1,286$799$479$279$159$21
42 years$1,241$761$450$258$145$18
43 years$1,199$725$422$238$131$15
44 years$1,158$691$396$220$119$13
45 years$1,120$659$372$203$108$11
46 years$1,083$629$349$187$98$9
47 years$1,048$600$328$173$89$8
48 years$1,015$573$308$160$81$7
49 years$983$547$290$148$74$6
50 years$952$523$272$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $975,000, adding $5,566 every year, while hoping to spend $34,234 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: 47/42/11 Blend
50$975,000$975,000$975,000$975,000
51$1,080,191$1,028,516$1,013,404$1,127,412
52$1,153,946$1,042,489$1,010,928$1,174,532
53$1,234,077$1,055,999$1,007,222$1,221,648
54$1,321,197$1,068,987$1,002,208$1,272,009
55$1,415,982$1,081,391$995,806$1,325,928
56$1,519,177$1,093,144$987,930$1,383,750
57$1,631,598$1,104,173$978,491$1,445,858
58$1,754,147$1,114,403$967,396$1,512,673
59$1,887,814$1,123,752$954,547$1,584,662
60$2,033,688$1,132,134$939,843$1,662,341
61$2,192,972$1,139,456$923,175$1,746,278
62$2,366,986$1,145,620$904,432$1,837,101
63$2,557,185$1,150,522$883,496$1,935,505
64$2,765,170$1,154,049$860,246$2,042,256
65$2,992,704$1,156,085$834,551$2,158,201
66$3,241,731$1,156,504$806,279$2,284,276
67$3,514,386$1,155,172$775,289$2,421,513
68$3,813,026$1,151,947$741,433$2,571,053
69$4,140,242$1,146,680$704,558$2,734,155
70$4,498,890$1,139,211$664,505$2,912,209
71$4,892,115$1,129,371$621,104$3,106,752
72$5,323,381$1,116,980$574,181$3,319,477
73$5,796,503$1,101,848$523,553$3,552,257
74$6,315,682$1,083,775$469,027$3,807,158
75$6,885,547$1,062,546$410,406$4,086,461
76$7,511,197$1,037,935$347,479$4,392,682
77$8,198,248$1,009,703$280,028$4,728,601
78$8,952,887$977,596$207,827$5,097,285
79$9,781,930$941,346$130,637$5,502,118
80$10,692,883$900,669$48,210$5,946,837
81$11,694,020$855,264$0$6,435,563
82$12,794,453$804,814$0$6,977,513
83$14,004,220$748,983$0$7,579,381
84$15,334,382$687,416$0$8,241,075
85$16,797,126$619,736$0$8,968,742
86$18,405,877$545,547$0$9,769,160
87$20,175,426$464,429$0$10,649,805
88$22,122,073$375,938$0$11,618,923
89$24,263,773$279,608$0$12,685,608
90$26,620,312$174,943$0$13,859,891
91$29,213,489$61,421$0$15,152,831
92$32,067,324$0$0$16,576,626
93$35,208,284$0$0$18,173,155
94$38,665,529$0$0$19,961,828
95$42,471,192$0$0$21,930,899
96$46,660,679$0$0$24,098,703
97$51,273,003$0$0$26,485,444
98$56,351,150$0$0$29,113,387
99$61,942,491$0$0$32,007,063
100$68,099,219$0$0$35,193,502