Can I retire at age 51 with 977,000?

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 $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%12.2%
1 years$80,680$79,961$79,260$78,576$77,907$77,190
2 years$39,940$39,197$38,476$37,777$37,099$36,376
3 years$26,362$25,615$24,896$24,204$23,537$22,831
4 years$19,575$18,830$18,118$17,438$16,787$16,104
5 years$15,503$14,763$14,060$13,394$12,761$12,102
6 years$12,790$12,055$11,363$10,711$10,097$9,464
7 years$10,852$10,124$9,443$8,806$8,212$7,604
8 years$9,400$8,678$8,008$7,387$6,813$6,230
9 years$8,271$7,556$6,897$6,292$5,737$5,180
10 years$7,368$6,660$6,013$5,424$4,888$4,356
11 years$6,630$5,929$5,294$4,721$4,204$3,697
12 years$6,015$5,322$4,698$4,141$3,643$3,160
13 years$5,496$4,809$4,198$3,655$3,177$2,717
14 years$5,051$4,371$3,772$3,245$2,785$2,348
15 years$4,665$3,993$3,405$2,894$2,452$2,037
16 years$4,328$3,664$3,087$2,591$2,167$1,774
17 years$4,032$3,374$2,809$2,328$1,922$1,550
18 years$3,768$3,118$2,565$2,098$1,709$1,357
19 years$3,532$2,890$2,348$1,896$1,523$1,191
20 years$3,321$2,685$2,155$1,717$1,360$1,047
21 years$3,129$2,501$1,982$1,558$1,217$922
22 years$2,955$2,335$1,827$1,417$1,091$813
23 years$2,797$2,184$1,687$1,290$979$718
24 years$2,652$2,046$1,560$1,177$880$634
25 years$2,519$1,920$1,445$1,075$792$561
26 years$2,396$1,805$1,340$983$714$497
27 years$2,283$1,698$1,244$900$643$441
28 years$2,178$1,600$1,157$824$580$391
29 years$2,080$1,510$1,076$756$524$347
30 years$1,989$1,426$1,003$694$474$308
31 years$1,904$1,348$935$637$428$273
32 years$1,824$1,275$872$585$387$243
33 years$1,750$1,208$814$538$351$216
34 years$1,680$1,145$761$495$317$192
35 years$1,614$1,086$711$456$287$171
36 years$1,552$1,030$665$420$260$152
37 years$1,493$979$623$387$236$135
38 years$1,438$930$583$357$214$120
39 years$1,385$884$546$329$194$107
40 years$1,336$841$512$303$176$95
41 years$1,289$801$480$280$160$85
42 years$1,244$763$450$258$145$75
43 years$1,201$727$423$238$132$67
44 years$1,161$693$397$220$119$60
45 years$1,122$661$373$203$108$53
46 years$1,085$630$350$188$98$47
47 years$1,050$601$329$173$89$42
48 years$1,017$574$309$160$81$38
49 years$985$548$290$148$74$34
50 years$954$524$273$137$67$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $977,000, adding $5,479 every year, while hoping to spend $33,457 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: 29/45/26 Blend
50$977,000$977,000$977,000$977,000
51$1,082,306$1,030,525$1,015,381$1,104,844
52$1,157,103$1,045,422$1,013,798$1,137,844
53$1,238,408$1,059,929$1,011,041$1,170,002
54$1,326,850$1,073,989$1,007,035$1,203,897
55$1,423,119$1,087,546$1,001,702$1,239,701
56$1,527,978$1,100,536$994,959$1,277,606
57$1,642,262$1,112,893$986,721$1,317,825
58$1,766,894$1,124,546$976,898$1,360,595
59$1,902,888$1,135,419$965,394$1,406,179
60$2,051,360$1,145,432$952,112$1,454,870
61$2,213,539$1,154,499$936,949$1,506,991
62$2,390,778$1,162,527$919,794$1,562,903
63$2,584,566$1,169,420$900,536$1,623,005
64$2,796,544$1,175,073$879,056$1,687,740
65$3,028,516$1,179,376$855,229$1,757,601
66$3,282,471$1,182,213$828,926$1,833,132
67$3,560,599$1,183,456$800,010$1,914,938
68$3,865,310$1,182,976$768,341$2,003,688
69$4,199,260$1,180,630$733,768$2,100,126
70$4,565,373$1,176,269$696,138$2,205,073
71$4,966,869$1,169,735$655,287$2,319,440
72$5,407,297$1,160,859$611,047$2,444,236
73$5,890,564$1,149,464$563,239$2,580,579
74$6,420,973$1,135,359$511,679$2,729,704
75$7,003,265$1,118,344$456,173$2,892,980
76$7,642,663$1,098,208$396,520$3,071,922
77$8,344,919$1,074,724$332,507$3,268,205
78$9,116,370$1,047,655$263,916$3,483,683
79$9,963,997$1,016,748$190,514$3,720,406
80$10,895,492$981,736$112,064$3,980,641
81$11,919,327$942,336$28,313$4,266,896
82$13,044,837$898,249$0$4,581,942
83$14,282,306$849,158$0$4,945,784
84$15,643,064$794,729$0$5,354,351
85$17,139,593$734,608$0$5,803,601
86$18,785,649$668,421$0$6,297,754
87$20,596,383$595,772$0$6,841,463
88$22,588,492$516,242$0$7,439,868
89$24,780,371$429,391$0$8,098,637
90$27,192,290$334,752$0$8,824,027
91$29,846,580$231,832$0$9,622,943
92$32,767,849$120,109$0$10,503,000
93$35,983,210$0$0$11,472,604
94$39,522,539$0$0$12,541,506
95$43,418,755$0$0$13,783,852
96$47,708,129$0$0$15,151,755
97$52,430,630$0$0$16,657,986
98$57,630,299$0$0$18,316,615
99$63,355,665$0$0$20,143,150
100$69,660,200$0$0$22,154,676