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%11.6%
1 years$80,515$79,797$79,098$78,415$77,748$77,226
2 years$39,859$39,116$38,397$37,699$37,023$36,496
3 years$26,309$25,563$24,845$24,154$23,489$22,974
4 years$19,535$18,791$18,081$17,402$16,752$16,253
5 years$15,472$14,733$14,032$13,366$12,735$12,253
6 years$12,764$12,030$11,340$10,689$10,077$9,613
7 years$10,830$10,103$9,423$8,788$8,195$7,749
8 years$9,381$8,660$7,992$7,372$6,799$6,371
9 years$8,254$7,540$6,883$6,279$5,725$5,316
10 years$7,353$6,646$6,001$5,413$4,878$4,487
11 years$6,617$5,917$5,283$4,711$4,196$3,821
12 years$6,003$5,311$4,689$4,132$3,636$3,279
13 years$5,485$4,799$4,189$3,648$3,170$2,830
14 years$5,040$4,362$3,764$3,238$2,779$2,455
15 years$4,656$3,985$3,398$2,888$2,447$2,139
16 years$4,320$3,656$3,081$2,586$2,163$1,870
17 years$4,023$3,367$2,804$2,323$1,918$1,640
18 years$3,760$3,112$2,559$2,094$1,705$1,442
19 years$3,525$2,884$2,343$1,892$1,520$1,271
20 years$3,314$2,680$2,150$1,714$1,357$1,123
21 years$3,123$2,496$1,978$1,555$1,215$993
22 years$2,949$2,330$1,823$1,414$1,089$880
23 years$2,791$2,179$1,683$1,288$977$780
24 years$2,647$2,042$1,557$1,174$879$693
25 years$2,514$1,916$1,442$1,073$791$616
26 years$2,391$1,801$1,337$981$712$548
27 years$2,278$1,695$1,242$898$642$488
28 years$2,173$1,597$1,154$822$579$435
29 years$2,076$1,507$1,074$754$523$388
30 years$1,985$1,423$1,000$692$473$346
31 years$1,900$1,345$933$636$427$309
32 years$1,820$1,273$870$584$387$275
33 years$1,746$1,205$813$537$350$246
34 years$1,676$1,142$759$494$317$220
35 years$1,610$1,083$710$455$287$197
36 years$1,549$1,028$664$419$260$176
37 years$1,490$977$622$386$236$157
38 years$1,435$928$582$356$214$141
39 years$1,383$883$545$328$194$126
40 years$1,333$840$511$303$176$112
41 years$1,286$799$479$279$159$101
42 years$1,241$761$450$258$145$90
43 years$1,199$725$422$238$131$81
44 years$1,158$691$396$220$119$72
45 years$1,120$659$372$203$108$65
46 years$1,083$629$349$187$98$58
47 years$1,048$600$328$173$89$52
48 years$1,015$573$308$160$81$46
49 years$983$547$290$148$74$42
50 years$952$523$272$137$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $975,000, adding $3,215 every year, while hoping to spend $20,153 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: 64/31/5 Blend
50$975,000$975,000$975,000$975,000
51$1,077,766$1,026,091$1,010,979$1,145,772
52$1,166,256$1,054,927$1,023,404$1,220,234
53$1,263,096$1,084,500$1,035,570$1,298,835
54$1,369,117$1,114,826$1,047,447$1,384,142
55$1,485,233$1,145,919$1,059,003$1,476,804
56$1,612,452$1,177,794$1,070,204$1,577,534
57$1,751,883$1,210,467$1,081,017$1,687,118
58$1,904,747$1,243,952$1,091,403$1,806,420
59$2,072,389$1,278,264$1,101,323$1,936,393
60$2,256,292$1,313,418$1,110,736$2,078,083
61$2,458,087$1,349,428$1,119,599$2,232,644
62$2,679,573$1,386,311$1,127,867$2,401,348
63$2,922,728$1,424,079$1,135,489$2,585,592
64$3,189,736$1,462,749$1,142,418$2,786,918
65$3,482,998$1,502,333$1,148,598$3,007,023
66$3,805,163$1,542,846$1,153,975$3,247,774
67$4,159,145$1,584,301$1,158,489$3,511,230
68$4,548,158$1,626,712$1,162,078$3,799,659
69$4,975,741$1,670,092$1,164,679$4,115,557
70$5,445,793$1,714,453$1,166,222$4,461,675
71$5,962,610$1,759,807$1,166,636$4,841,043
72$6,530,925$1,806,166$1,165,847$5,256,998
73$7,155,952$1,853,541$1,163,776$5,713,219
74$7,843,436$1,901,941$1,160,339$6,213,756
75$8,599,707$1,951,377$1,155,451$6,763,072
76$9,431,740$2,001,857$1,149,021$7,366,085
77$10,347,218$2,053,388$1,140,954$8,028,210
78$11,354,608$2,105,978$1,131,150$8,755,418
79$12,463,239$2,159,632$1,119,504$9,554,283
80$13,683,390$2,214,354$1,105,908$10,432,052
81$15,026,386$2,270,148$1,090,247$11,396,707
82$16,504,708$2,327,016$1,072,400$12,457,045
83$18,132,106$2,384,958$1,052,244$13,622,758
84$19,923,732$2,443,972$1,029,645$14,904,524
85$21,896,282$2,504,056$1,004,467$16,314,111
86$24,068,152$2,565,204$976,566$17,864,485
87$26,459,614$2,627,409$945,792$19,569,933
88$29,093,006$2,690,663$911,987$21,446,198
89$31,992,940$2,754,953$874,986$23,510,628
90$35,186,540$2,820,266$834,618$25,782,338
91$38,703,692$2,886,584$790,703$28,282,392
92$42,577,329$2,953,887$743,052$31,034,001
93$46,843,742$3,022,153$691,470$34,062,742
94$51,542,921$3,091,356$635,751$37,396,801
95$56,718,930$3,161,464$575,680$41,067,236
96$62,420,330$3,232,444$511,034$45,108,271
97$68,700,628$3,304,259$441,578$49,557,621
98$75,618,790$3,376,865$367,069$54,456,847
99$83,239,791$3,450,216$287,250$59,851,746
100$91,635,233$3,524,259$201,856$65,792,787