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%15.1%
1 years$80,680$79,961$79,260$78,576$77,907$76,272
2 years$39,940$39,197$38,476$37,777$37,099$35,459
3 years$26,362$25,615$24,896$24,204$23,537$21,944
4 years$19,575$18,830$18,118$17,438$16,787$15,252
5 years$15,503$14,763$14,060$13,394$12,761$11,290
6 years$12,790$12,055$11,363$10,711$10,097$8,691
7 years$10,852$10,124$9,443$8,806$8,212$6,871
8 years$9,400$8,678$8,008$7,387$6,813$5,536
9 years$8,271$7,556$6,897$6,292$5,737$4,524
10 years$7,368$6,660$6,013$5,424$4,888$3,738
11 years$6,630$5,929$5,294$4,721$4,204$3,115
12 years$6,015$5,322$4,698$4,141$3,643$2,614
13 years$5,496$4,809$4,198$3,655$3,177$2,205
14 years$5,051$4,371$3,772$3,245$2,785$1,869
15 years$4,665$3,993$3,405$2,894$2,452$1,590
16 years$4,328$3,664$3,087$2,591$2,167$1,357
17 years$4,032$3,374$2,809$2,328$1,922$1,161
18 years$3,768$3,118$2,565$2,098$1,709$995
19 years$3,532$2,890$2,348$1,896$1,523$855
20 years$3,321$2,685$2,155$1,717$1,360$736
21 years$3,129$2,501$1,982$1,558$1,217$634
22 years$2,955$2,335$1,827$1,417$1,091$547
23 years$2,797$2,184$1,687$1,290$979$472
24 years$2,652$2,046$1,560$1,177$880$408
25 years$2,519$1,920$1,445$1,075$792$353
26 years$2,396$1,805$1,340$983$714$305
27 years$2,283$1,698$1,244$900$643$264
28 years$2,178$1,600$1,157$824$580$229
29 years$2,080$1,510$1,076$756$524$198
30 years$1,989$1,426$1,003$694$474$172
31 years$1,904$1,348$935$637$428$149
32 years$1,824$1,275$872$585$387$129
33 years$1,750$1,208$814$538$351$112
34 years$1,680$1,145$761$495$317$97
35 years$1,614$1,086$711$456$287$85
36 years$1,552$1,030$665$420$260$73
37 years$1,493$979$623$387$236$64
38 years$1,438$930$583$357$214$55
39 years$1,385$884$546$329$194$48
40 years$1,336$841$512$303$176$42
41 years$1,289$801$480$280$160$36
42 years$1,244$763$450$258$145$31
43 years$1,201$727$423$238$132$27
44 years$1,161$693$397$220$119$24
45 years$1,122$661$373$203$108$21
46 years$1,085$630$350$188$98$18
47 years$1,050$601$329$173$89$16
48 years$1,017$574$309$160$81$13
49 years$985$548$290$148$74$12
50 years$954$524$273$137$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $977,000, adding $4,893 every year, while hoping to spend $36,947 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: 35/49/16 Blend
50$977,000$977,000$977,000$977,000
51$1,081,701$1,029,920$1,014,777$1,114,076
52$1,152,723$1,041,075$1,009,460$1,149,211
53$1,229,751$1,051,538$1,002,728$1,183,266
54$1,313,359$1,061,236$994,492$1,219,220
55$1,404,177$1,070,092$984,663$1,257,261
56$1,502,900$1,078,023$973,146$1,297,599
57$1,610,290$1,084,941$959,841$1,340,466
58$1,727,188$1,090,752$944,644$1,386,121
59$1,854,519$1,095,356$927,447$1,434,852
60$1,993,298$1,098,647$908,134$1,486,978
61$2,144,646$1,100,512$886,588$1,542,852
62$2,309,794$1,100,831$862,683$1,602,867
63$2,490,099$1,099,478$836,289$1,667,461
64$2,687,053$1,096,316$807,269$1,737,115
65$2,902,300$1,091,203$775,480$1,812,368
66$3,137,649$1,083,986$740,773$1,893,814
67$3,395,092$1,074,504$702,991$1,982,113
68$3,676,822$1,062,586$661,972$2,077,995
69$3,985,255$1,048,049$617,545$2,182,272
70$4,323,049$1,030,703$569,532$2,295,840
71$4,693,135$1,010,342$517,746$2,419,694
72$5,098,738$986,751$461,993$2,554,935
73$5,543,409$959,702$402,070$2,702,782
74$6,031,061$928,952$337,764$2,864,585
75$6,566,005$894,246$268,854$3,041,837
76$7,152,985$855,312$195,108$3,236,193
77$7,797,231$811,863$116,286$3,449,481
78$8,504,500$763,597$32,134$3,683,725
79$9,281,138$710,192$0$3,941,164
80$10,134,132$651,310$0$4,234,119
81$11,071,181$586,591$0$4,561,977
82$12,100,765$515,657$0$4,922,321
83$13,232,226$438,107$0$5,318,549
84$14,475,857$353,519$0$5,754,414
85$15,842,999$261,445$0$6,234,059
86$17,346,142$161,414$0$6,762,058
87$18,999,052$52,926$0$7,343,466
88$20,816,892$0$0$7,983,858
89$22,816,370$0$0$8,724,196
90$25,015,893$0$0$9,570,155
91$27,435,744$0$0$10,501,020
92$30,098,269$0$0$11,525,406
93$33,028,089$0$0$12,652,808
94$36,252,336$0$0$13,893,686
95$39,800,899$0$0$15,259,569
96$43,706,718$0$0$16,763,156
97$48,006,082$0$0$18,418,444
98$52,738,982$0$0$20,240,852
99$57,949,481$0$0$22,247,373
100$63,686,131$0$0$24,456,732