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%18.9%
1 years$80,597$79,879$79,179$78,495$77,828$75,036
2 years$39,900$39,156$38,436$37,738$37,061$34,279
3 years$26,336$25,589$24,871$24,179$23,513$20,828
4 years$19,555$18,811$18,100$17,420$16,770$14,202
5 years$15,487$14,748$14,046$13,380$12,748$10,304
6 years$12,777$12,043$11,351$10,700$10,087$7,769
7 years$10,841$10,113$9,433$8,797$8,203$6,011
8 years$9,390$8,669$8,000$7,380$6,806$4,736
9 years$8,262$7,548$6,890$6,286$5,731$3,782
10 years$7,361$6,653$6,007$5,418$4,883$3,052
11 years$6,623$5,923$5,289$4,716$4,200$2,482
12 years$6,009$5,316$4,693$4,136$3,639$2,031
13 years$5,490$4,804$4,193$3,652$3,174$1,670
14 years$5,046$4,367$3,768$3,242$2,782$1,379
15 years$4,661$3,989$3,402$2,891$2,450$1,142
16 years$4,324$3,660$3,084$2,589$2,165$948
17 years$4,027$3,371$2,806$2,326$1,920$789
18 years$3,764$3,115$2,562$2,096$1,707$658
19 years$3,529$2,887$2,345$1,894$1,521$549
20 years$3,317$2,682$2,152$1,715$1,359$459
21 years$3,126$2,499$1,980$1,557$1,216$384
22 years$2,952$2,332$1,825$1,415$1,090$322
23 years$2,794$2,181$1,685$1,289$978$270
24 years$2,649$2,044$1,558$1,176$879$226
25 years$2,516$1,918$1,443$1,074$791$190
26 years$2,394$1,803$1,338$982$713$159
27 years$2,280$1,697$1,243$899$643$134
28 years$2,175$1,599$1,155$823$580$112
29 years$2,078$1,508$1,075$755$524$94
30 years$1,987$1,424$1,002$693$473$79
31 years$1,902$1,346$934$636$428$67
32 years$1,822$1,274$871$585$387$56
33 years$1,748$1,206$813$538$350$47
34 years$1,678$1,143$760$495$317$40
35 years$1,612$1,085$711$456$287$33
36 years$1,550$1,029$665$420$260$28
37 years$1,492$978$622$387$236$23
38 years$1,436$929$583$356$214$20
39 years$1,384$884$546$329$194$17
40 years$1,334$841$512$303$176$14
41 years$1,287$800$480$280$160$12
42 years$1,243$762$450$258$145$10
43 years$1,200$726$422$238$131$8
44 years$1,160$692$396$220$119$7
45 years$1,121$660$372$203$108$6
46 years$1,084$630$350$188$98$5
47 years$1,049$601$328$173$89$4
48 years$1,016$574$309$160$81$3
49 years$984$548$290$148$74$3
50 years$953$523$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $976,000, adding $2,029 every year, while hoping to spend $36,090 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: 35/44/21 Blend
50$976,000$976,000$976,000$976,000
51$1,077,645$1,025,917$1,010,789$1,108,412
52$1,149,165$1,037,787$1,006,251$1,143,095
53$1,226,771$1,049,030$1,000,351$1,177,014
54$1,311,045$1,059,576$993,006$1,212,872
55$1,402,628$1,069,351$984,128$1,250,863
56$1,502,225$1,078,278$973,625$1,291,204
57$1,610,611$1,086,273$961,401$1,334,133
58$1,728,640$1,093,247$947,355$1,379,919
59$1,857,251$1,099,106$931,381$1,428,855
60$1,997,478$1,103,750$913,370$1,481,271
61$2,150,458$1,107,070$893,204$1,537,531
62$2,317,442$1,108,955$870,764$1,598,039
63$2,499,810$1,109,282$845,924$1,663,244
64$2,699,077$1,107,924$818,549$1,733,643
65$2,916,915$1,104,744$788,502$1,809,787
66$3,155,162$1,099,598$755,639$1,892,288
67$3,415,843$1,092,333$719,808$1,981,823
68$3,701,188$1,082,786$680,850$2,079,142
69$4,013,651$1,070,784$638,600$2,185,078
70$4,355,936$1,056,145$592,886$2,300,550
71$4,731,020$1,038,675$543,526$2,426,580
72$5,142,182$1,018,168$490,332$2,564,295
73$5,593,033$994,407$433,107$2,714,946
74$6,087,552$967,162$371,645$2,879,916
75$6,630,118$936,189$305,731$3,060,736
76$7,225,557$901,229$235,140$3,259,099
77$7,879,185$862,010$159,638$3,476,879
78$8,596,856$818,244$78,981$3,716,147
79$9,385,021$769,623$0$3,979,196
80$10,250,784$715,826$0$4,270,147
81$11,201,973$656,509$0$4,609,202
82$12,247,209$591,314$0$4,981,804
83$13,395,993$519,856$0$5,391,439
84$14,658,789$441,734$0$5,841,958
85$16,047,126$356,520$0$6,337,610
86$17,573,708$263,764$0$6,883,087
87$19,252,530$162,992$0$7,483,565
88$21,099,009$53,700$0$8,144,761
89$23,130,136$0$0$8,872,980
90$25,364,626$0$0$9,706,482
91$27,823,104$0$0$10,652,302
92$30,528,293$0$0$11,693,203
93$33,505,228$0$0$12,838,838
94$36,781,497$0$0$14,099,845
95$40,387,495$0$0$15,487,945
96$44,356,715$0$0$17,016,053
97$48,726,061$0$0$18,698,401
98$53,536,197$0$0$20,550,671
99$58,831,929$0$0$22,590,140
100$64,662,629$0$0$24,835,849