Can I retire at age 51 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$80,597$79,879$79,179$78,495$77,828$77,143
2 years$39,900$39,156$38,436$37,738$37,061$36,371
3 years$26,336$25,589$24,871$24,179$23,513$22,839
4 years$19,555$18,811$18,100$17,420$16,770$16,117
5 years$15,487$14,748$14,046$13,380$12,748$12,119
6 years$12,777$12,043$11,351$10,700$10,087$9,482
7 years$10,841$10,113$9,433$8,797$8,203$7,623
8 years$9,390$8,669$8,000$7,380$6,806$6,249
9 years$8,262$7,548$6,890$6,286$5,731$5,199
10 years$7,361$6,653$6,007$5,418$4,883$4,375
11 years$6,623$5,923$5,289$4,716$4,200$3,715
12 years$6,009$5,316$4,693$4,136$3,639$3,177
13 years$5,490$4,804$4,193$3,652$3,174$2,734
14 years$5,046$4,367$3,768$3,242$2,782$2,364
15 years$4,661$3,989$3,402$2,891$2,450$2,053
16 years$4,324$3,660$3,084$2,589$2,165$1,789
17 years$4,027$3,371$2,806$2,326$1,920$1,563
18 years$3,764$3,115$2,562$2,096$1,707$1,370
19 years$3,529$2,887$2,345$1,894$1,521$1,203
20 years$3,317$2,682$2,152$1,715$1,359$1,058
21 years$3,126$2,499$1,980$1,557$1,216$933
22 years$2,952$2,332$1,825$1,415$1,090$823
23 years$2,794$2,181$1,685$1,289$978$727
24 years$2,649$2,044$1,558$1,176$879$643
25 years$2,516$1,918$1,443$1,074$791$570
26 years$2,394$1,803$1,338$982$713$505
27 years$2,280$1,697$1,243$899$643$448
28 years$2,175$1,599$1,155$823$580$397
29 years$2,078$1,508$1,075$755$524$353
30 years$1,987$1,424$1,002$693$473$314
31 years$1,902$1,346$934$636$428$279
32 years$1,822$1,274$871$585$387$248
33 years$1,748$1,206$813$538$350$220
34 years$1,678$1,143$760$495$317$196
35 years$1,612$1,085$711$456$287$175
36 years$1,550$1,029$665$420$260$155
37 years$1,492$978$622$387$236$138
38 years$1,436$929$583$356$214$123
39 years$1,384$884$546$329$194$110
40 years$1,334$841$512$303$176$98
41 years$1,287$800$480$280$160$87
42 years$1,243$762$450$258$145$78
43 years$1,200$726$422$238$131$69
44 years$1,160$692$396$220$119$62
45 years$1,121$660$372$203$108$55
46 years$1,084$630$350$188$98$49
47 years$1,049$601$328$173$89$44
48 years$1,016$574$309$160$81$39
49 years$984$548$290$148$74$35
50 years$953$523$273$137$67$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $976,000, adding $5,387 every year, while hoping to spend $37,706 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: 46/46/8 Blend
50$976,000$976,000$976,000$976,000
51$1,081,109$1,029,381$1,014,253$1,128,211
52$1,151,263$1,039,701$1,008,111$1,171,541
53$1,227,309$1,049,264$1,000,500$1,214,166
54$1,309,808$1,057,992$991,331$1,259,534
55$1,399,378$1,065,803$980,510$1,307,910
56$1,496,697$1,072,609$967,939$1,359,588
57$1,602,511$1,078,319$953,517$1,414,893
58$1,717,643$1,082,832$937,135$1,474,186
59$1,842,997$1,086,045$918,683$1,537,864
60$1,979,566$1,087,844$898,042$1,606,369
61$2,128,445$1,088,112$875,090$1,680,188
62$2,290,840$1,086,723$849,699$1,759,860
63$2,468,076$1,083,543$821,734$1,845,981
64$2,661,612$1,078,429$791,055$1,939,213
65$2,873,055$1,071,230$757,514$2,040,283
66$3,104,174$1,061,788$720,958$2,150,000
67$3,356,917$1,049,933$681,227$2,269,255
68$3,633,427$1,035,484$638,152$2,399,035
69$3,936,065$1,018,251$591,559$2,540,430
70$4,267,431$998,033$541,264$2,694,646
71$4,630,388$974,615$487,075$2,863,016
72$5,028,088$947,772$428,793$3,047,011
73$5,464,004$917,264$366,209$3,248,259
74$5,941,960$882,837$299,104$3,468,559
75$6,466,167$844,223$227,251$3,709,896
76$7,041,264$801,138$150,411$3,974,467
77$7,672,360$753,282$68,338$4,264,696
78$8,365,085$700,336$0$4,583,261
79$9,125,637$641,966$0$4,934,765
80$9,960,845$577,815$0$5,327,163
81$10,878,233$507,510$0$5,758,248
82$11,886,088$430,654$0$6,232,031
83$12,993,540$346,827$0$6,752,937
84$14,210,647$255,587$0$7,325,852
85$15,548,490$156,467$0$7,956,166
86$17,019,275$48,974$0$8,649,829
87$18,636,454$0$0$9,413,409
88$20,414,842$0$0$10,288,275
89$22,370,767$0$0$11,277,869
90$24,522,214$0$0$12,366,518
91$26,889,003$0$0$13,564,265
92$29,492,968$0$0$14,882,178
93$32,358,168$0$0$16,332,451
94$35,511,111$0$0$17,928,519
95$38,981,005$0$0$19,685,185
96$42,800,033$0$0$21,618,762
97$47,003,655$0$0$23,747,223
98$51,630,945$0$0$26,090,373
99$56,724,955$0$0$28,670,033
100$62,333,124$0$0$31,510,250