Can I retire at age 51 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$80,680$79,961$79,260$78,576$77,907$75,839
2 years$39,940$39,197$38,476$37,777$37,099$35,030
3 years$26,362$25,615$24,896$24,204$23,537$21,532
4 years$19,575$18,830$18,118$17,438$16,787$14,861
5 years$15,503$14,763$14,060$13,394$12,761$10,919
6 years$12,790$12,055$11,363$10,711$10,097$8,342
7 years$10,852$10,124$9,443$8,806$8,212$6,543
8 years$9,400$8,678$8,008$7,387$6,813$5,229
9 years$8,271$7,556$6,897$6,292$5,737$4,237
10 years$7,368$6,660$6,013$5,424$4,888$3,471
11 years$6,630$5,929$5,294$4,721$4,204$2,867
12 years$6,015$5,322$4,698$4,141$3,643$2,383
13 years$5,496$4,809$4,198$3,655$3,177$1,992
14 years$5,051$4,371$3,772$3,245$2,785$1,672
15 years$4,665$3,993$3,405$2,894$2,452$1,409
16 years$4,328$3,664$3,087$2,591$2,167$1,190
17 years$4,032$3,374$2,809$2,328$1,922$1,008
18 years$3,768$3,118$2,565$2,098$1,709$856
19 years$3,532$2,890$2,348$1,896$1,523$727
20 years$3,321$2,685$2,155$1,717$1,360$619
21 years$3,129$2,501$1,982$1,558$1,217$528
22 years$2,955$2,335$1,827$1,417$1,091$450
23 years$2,797$2,184$1,687$1,290$979$385
24 years$2,652$2,046$1,560$1,177$880$329
25 years$2,519$1,920$1,445$1,075$792$281
26 years$2,396$1,805$1,340$983$714$241
27 years$2,283$1,698$1,244$900$643$206
28 years$2,178$1,600$1,157$824$580$176
29 years$2,080$1,510$1,076$756$524$151
30 years$1,989$1,426$1,003$694$474$129
31 years$1,904$1,348$935$637$428$111
32 years$1,824$1,275$872$585$387$95
33 years$1,750$1,208$814$538$351$82
34 years$1,680$1,145$761$495$317$70
35 years$1,614$1,086$711$456$287$60
36 years$1,552$1,030$665$420$260$51
37 years$1,493$979$623$387$236$44
38 years$1,438$930$583$357$214$38
39 years$1,385$884$546$329$194$32
40 years$1,336$841$512$303$176$28
41 years$1,289$801$480$280$160$24
42 years$1,244$763$450$258$145$21
43 years$1,201$727$423$238$132$18
44 years$1,161$693$397$220$119$15
45 years$1,122$661$373$203$108$13
46 years$1,085$630$350$188$98$11
47 years$1,050$601$329$173$89$10
48 years$1,017$574$309$160$81$8
49 years$985$548$290$148$74$7
50 years$954$524$273$137$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $977,000, adding $6,627 every year, while hoping to spend $51,541 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: 54/29/17 Blend
50$977,000$977,000$977,000$977,000
51$1,083,490$1,031,709$1,016,565$1,136,712
52$1,139,166$1,027,423$995,781$1,169,513
53$1,198,795$1,021,200$972,573$1,199,156
54$1,262,723$1,012,891$946,806$1,230,277
55$1,331,335$1,002,336$918,337$1,263,032
56$1,405,048$989,368$887,019$1,297,592
57$1,484,325$973,809$852,696$1,334,151
58$1,569,671$955,470$815,206$1,372,925
59$1,661,642$934,153$774,380$1,414,152
60$1,760,847$909,644$730,040$1,458,102
61$1,867,958$881,720$682,000$1,505,073
62$1,983,710$850,145$630,067$1,555,396
63$2,108,913$814,667$574,039$1,609,441
64$2,244,457$775,021$513,704$1,667,622
65$2,391,320$730,925$448,842$1,730,395
66$2,550,578$682,084$379,222$1,798,270
67$2,723,414$628,183$304,603$1,871,814
68$2,911,129$568,890$224,733$1,951,655
69$3,115,152$503,854$139,350$2,038,493
70$3,337,060$432,705$48,180$2,133,102
71$3,578,583$355,051$0$2,236,346
72$3,841,628$270,478$0$2,358,089
73$4,128,291$178,548$0$2,500,387
74$4,440,881$78,801$0$2,655,725
75$4,781,937$0$0$2,825,465
76$5,154,255$0$0$3,020,451
77$5,560,914$0$0$3,260,973
78$6,005,301$0$0$3,523,899
79$6,491,146$0$0$3,811,450
80$7,022,557$0$0$4,126,066
81$7,604,055$0$0$4,470,436
82$8,240,619$0$0$4,847,524
83$8,937,733$0$0$5,260,589
84$9,701,435$0$0$5,713,223
85$10,538,373$0$0$6,209,381
86$11,455,873$0$0$6,753,420
87$12,461,999$0$0$7,350,138
88$13,565,634$0$0$8,004,818
89$14,776,565$0$0$8,723,283
90$16,105,569$0$0$9,511,943
91$17,564,518$0$0$10,377,861
92$19,166,489$0$0$11,328,817
93$20,925,888$0$0$12,373,382
94$22,858,585$0$0$13,520,997
95$24,982,063$0$0$14,782,063
96$27,315,580$0$0$16,168,038
97$29,880,354$0$0$17,691,546
98$32,699,761$0$0$19,366,494
99$35,799,553$0$0$21,208,206
100$39,208,103$0$0$23,233,560