Can I retire at age 51 with 976,000?

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 $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%13.9%
1 years$80,597$79,879$79,179$78,495$77,828$76,570
2 years$39,900$39,156$38,436$37,738$37,061$35,797
3 years$26,336$25,589$24,871$24,179$23,513$22,282
4 years$19,555$18,811$18,100$17,420$16,770$15,582
5 years$15,487$14,748$14,046$13,380$12,748$11,607
6 years$12,777$12,043$11,351$10,700$10,087$8,993
7 years$10,841$10,113$9,433$8,797$8,203$7,158
8 years$9,390$8,669$8,000$7,380$6,806$5,808
9 years$8,262$7,548$6,890$6,286$5,731$4,781
10 years$7,361$6,653$6,007$5,418$4,883$3,979
11 years$6,623$5,923$5,289$4,716$4,200$3,341
12 years$6,009$5,316$4,693$4,136$3,639$2,825
13 years$5,490$4,804$4,193$3,652$3,174$2,402
14 years$5,046$4,367$3,768$3,242$2,782$2,053
15 years$4,661$3,989$3,402$2,891$2,450$1,761
16 years$4,324$3,660$3,084$2,589$2,165$1,515
17 years$4,027$3,371$2,806$2,326$1,920$1,308
18 years$3,764$3,115$2,562$2,096$1,707$1,131
19 years$3,529$2,887$2,345$1,894$1,521$980
20 years$3,317$2,682$2,152$1,715$1,359$851
21 years$3,126$2,499$1,980$1,557$1,216$740
22 years$2,952$2,332$1,825$1,415$1,090$644
23 years$2,794$2,181$1,685$1,289$978$562
24 years$2,649$2,044$1,558$1,176$879$490
25 years$2,516$1,918$1,443$1,074$791$428
26 years$2,394$1,803$1,338$982$713$374
27 years$2,280$1,697$1,243$899$643$327
28 years$2,175$1,599$1,155$823$580$286
29 years$2,078$1,508$1,075$755$524$250
30 years$1,987$1,424$1,002$693$473$219
31 years$1,902$1,346$934$636$428$192
32 years$1,822$1,274$871$585$387$168
33 years$1,748$1,206$813$538$350$147
34 years$1,678$1,143$760$495$317$129
35 years$1,612$1,085$711$456$287$113
36 years$1,550$1,029$665$420$260$99
37 years$1,492$978$622$387$236$87
38 years$1,436$929$583$356$214$76
39 years$1,384$884$546$329$194$67
40 years$1,334$841$512$303$176$59
41 years$1,287$800$480$280$160$51
42 years$1,243$762$450$258$145$45
43 years$1,200$726$422$238$131$40
44 years$1,160$692$396$220$119$35
45 years$1,121$660$372$203$108$31
46 years$1,084$630$350$188$98$27
47 years$1,049$601$328$173$89$24
48 years$1,016$574$309$160$81$21
49 years$984$548$290$148$74$18
50 years$953$523$273$137$67$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $976,000, adding $3,419 every year, while hoping to spend $46,750 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: 66/9/25 Blend
50$976,000$976,000$976,000$976,000
51$1,079,079$1,027,351$1,012,223$1,143,078
52$1,139,403$1,027,949$996,391$1,187,186
53$1,204,314$1,027,010$978,461$1,229,801
54$1,274,229$1,024,409$958,315$1,275,331
55$1,349,608$1,020,013$935,827$1,324,064
56$1,430,957$1,013,682$910,865$1,376,321
57$1,518,829$1,005,268$883,294$1,432,456
58$1,613,835$994,611$852,969$1,492,861
59$1,716,644$981,544$819,741$1,557,968
60$1,827,992$965,891$783,454$1,628,257
61$1,948,691$947,462$743,942$1,704,255
62$2,079,628$926,059$701,036$1,786,548
63$2,221,785$901,471$654,555$1,875,782
64$2,376,238$873,474$604,314$1,972,671
65$2,544,172$841,832$550,116$2,078,004
66$2,726,891$806,295$491,758$2,192,653
67$2,925,827$766,597$429,025$2,317,582
68$3,142,561$722,459$361,697$2,453,853
69$3,378,827$673,585$289,539$2,602,642
70$3,636,538$619,661$212,309$2,765,248
71$3,917,798$560,357$129,754$2,943,104
72$4,224,921$495,323$41,609$3,137,793
73$4,560,457$424,188$0$3,351,062
74$4,927,213$346,562$0$3,598,836
75$5,328,278$262,033$0$3,882,005
76$5,767,054$170,164$0$4,191,892
77$6,247,287$70,495$0$4,531,178
78$6,773,101$0$0$4,902,814
79$7,349,039$0$0$5,313,767
80$7,980,103$0$0$5,771,765
81$8,671,801$0$0$6,273,833
82$9,430,201$0$0$6,824,382
83$10,261,984$0$0$7,428,272
84$11,174,512$0$0$8,090,854
85$12,175,891$0$0$8,818,024
86$13,275,049$0$0$9,616,275
87$14,481,824$0$0$10,492,760
88$15,807,051$0$0$11,455,359
89$17,262,666$0$0$12,512,752
90$18,861,817$0$0$13,674,501
91$20,618,990$0$0$14,951,139
92$22,550,143$0$0$16,354,273
93$24,672,855$0$0$17,896,687
94$27,006,496$0$0$19,592,467
95$29,572,404$0$0$21,457,132
96$32,394,089$0$0$23,507,778
97$35,497,453$0$0$25,763,245
98$38,911,034$0$0$28,244,285
99$42,666,275$0$0$30,973,767
100$46,797,818$0$0$33,976,886