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%14.6%
1 years$80,680$79,961$79,260$78,576$77,907$76,428
2 years$39,940$39,197$38,476$37,777$37,099$35,614
3 years$26,362$25,615$24,896$24,204$23,537$22,093
4 years$19,575$18,830$18,118$17,438$16,787$15,395
5 years$15,503$14,763$14,060$13,394$12,761$11,426
6 years$12,790$12,055$11,363$10,711$10,097$8,820
7 years$10,852$10,124$9,443$8,806$8,212$6,992
8 years$9,400$8,678$8,008$7,387$6,813$5,650
9 years$8,271$7,556$6,897$6,292$5,737$4,631
10 years$7,368$6,660$6,013$5,424$4,888$3,838
11 years$6,630$5,929$5,294$4,721$4,204$3,209
12 years$6,015$5,322$4,698$4,141$3,643$2,701
13 years$5,496$4,809$4,198$3,655$3,177$2,286
14 years$5,051$4,371$3,772$3,245$2,785$1,944
15 years$4,665$3,993$3,405$2,894$2,452$1,660
16 years$4,328$3,664$3,087$2,591$2,167$1,421
17 years$4,032$3,374$2,809$2,328$1,922$1,221
18 years$3,768$3,118$2,565$2,098$1,709$1,050
19 years$3,532$2,890$2,348$1,896$1,523$906
20 years$3,321$2,685$2,155$1,717$1,360$782
21 years$3,129$2,501$1,982$1,558$1,217$677
22 years$2,955$2,335$1,827$1,417$1,091$586
23 years$2,797$2,184$1,687$1,290$979$508
24 years$2,652$2,046$1,560$1,177$880$441
25 years$2,519$1,920$1,445$1,075$792$382
26 years$2,396$1,805$1,340$983$714$332
27 years$2,283$1,698$1,244$900$643$289
28 years$2,178$1,600$1,157$824$580$251
29 years$2,080$1,510$1,076$756$524$219
30 years$1,989$1,426$1,003$694$474$190
31 years$1,904$1,348$935$637$428$166
32 years$1,824$1,275$872$585$387$144
33 years$1,750$1,208$814$538$351$126
34 years$1,680$1,145$761$495$317$110
35 years$1,614$1,086$711$456$287$95
36 years$1,552$1,030$665$420$260$83
37 years$1,493$979$623$387$236$73
38 years$1,438$930$583$357$214$63
39 years$1,385$884$546$329$194$55
40 years$1,336$841$512$303$176$48
41 years$1,289$801$480$280$160$42
42 years$1,244$763$450$258$145$37
43 years$1,201$727$423$238$132$32
44 years$1,161$693$397$220$119$28
45 years$1,122$661$373$203$108$24
46 years$1,085$630$350$188$98$21
47 years$1,050$601$329$173$89$18
48 years$1,017$574$309$160$81$16
49 years$985$548$290$148$74$14
50 years$954$524$273$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $977,000, adding $6,525 every year, while hoping to spend $34,159 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: 64/29/7 Blend
50$977,000$977,000$977,000$977,000
51$1,083,385$1,031,604$1,016,460$1,150,899
52$1,157,545$1,045,807$1,014,167$1,210,882
53$1,238,125$1,059,562$1,010,651$1,271,737
54$1,325,743$1,072,810$1,005,837$1,337,311
55$1,421,080$1,085,489$999,644$1,408,059
56$1,524,884$1,097,532$991,987$1,484,483
57$1,637,981$1,108,870$982,777$1,567,137
58$1,761,277$1,119,426$971,922$1,656,630
59$1,895,770$1,129,121$959,324$1,753,636
60$2,042,559$1,137,868$944,881$1,858,896
61$2,202,853$1,145,576$928,488$1,973,227
62$2,377,983$1,152,149$910,032$2,097,531
63$2,569,416$1,157,483$889,396$2,232,802
64$2,778,764$1,161,467$866,459$2,380,136
65$3,007,805$1,163,986$841,092$2,540,741
66$3,258,494$1,164,915$813,162$2,715,949
67$3,532,987$1,164,122$782,529$2,907,231
68$3,833,655$1,161,467$749,047$3,116,205
69$4,163,110$1,156,802$712,563$3,344,659
70$4,524,231$1,149,968$672,917$3,594,561
71$4,920,184$1,140,799$629,942$3,868,085
72$5,354,462$1,129,116$583,463$4,167,624
73$5,830,906$1,114,733$533,299$4,495,821
74$6,353,752$1,097,448$479,258$4,855,586
75$6,927,664$1,077,052$421,142$5,250,130
76$7,557,778$1,053,320$358,743$5,682,994
77$8,249,754$1,026,015$291,843$6,158,082
78$9,009,825$994,886$220,216$6,679,697
79$9,844,859$959,668$143,625$7,252,585
80$10,762,422$920,079$61,824$7,881,979
81$11,770,848$875,821$0$8,573,647
82$12,879,319$826,581$0$9,335,855
83$14,097,951$772,025$0$10,178,763
84$15,437,890$711,802$0$11,105,503
85$16,911,413$645,539$0$12,124,621
86$18,532,050$572,843$0$13,245,539
87$20,314,706$493,299$0$14,478,643
88$22,275,802$406,468$0$15,835,383
89$24,433,434$311,884$0$17,328,378
90$26,807,538$209,060$0$18,971,539
91$29,420,080$97,477$0$20,780,203
92$32,295,263$0$0$22,771,274
93$35,459,757$0$0$24,970,855
94$38,942,946$0$0$27,426,275
95$42,777,209$0$0$30,129,263
96$46,998,222$0$0$33,104,978
97$51,645,297$0$0$36,381,147
98$56,761,751$0$0$39,988,317
99$62,395,316$0$0$43,960,152
100$68,598,586$0$0$48,333,745