Can I retire at age 51 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$80,762$80,043$79,341$78,656$77,987$77,626
2 years$39,981$39,237$38,515$37,815$37,137$36,772
3 years$26,389$25,642$24,922$24,229$23,561$23,204
4 years$19,595$18,849$18,137$17,455$16,804$16,458
5 years$15,519$14,778$14,075$13,407$12,774$12,440
6 years$12,803$12,067$11,375$10,722$10,108$9,785
7 years$10,863$10,134$9,452$8,815$8,220$7,910
8 years$9,410$8,687$8,016$7,395$6,820$6,522
9 years$8,279$7,563$6,904$6,299$5,743$5,457
10 years$7,376$6,667$6,019$5,430$4,893$4,620
11 years$6,637$5,935$5,299$4,725$4,208$3,947
12 years$6,022$5,327$4,703$4,145$3,647$3,397
13 years$5,501$4,814$4,202$3,659$3,180$2,942
14 years$5,056$4,376$3,775$3,248$2,788$2,561
15 years$4,670$3,997$3,409$2,897$2,455$2,238
16 years$4,333$3,668$3,091$2,594$2,169$1,964
17 years$4,036$3,378$2,812$2,331$1,923$1,728
18 years$3,772$3,121$2,567$2,100$1,710$1,525
19 years$3,536$2,893$2,350$1,898$1,524$1,349
20 years$3,324$2,688$2,157$1,719$1,362$1,195
21 years$3,132$2,504$1,984$1,560$1,219$1,061
22 years$2,958$2,337$1,828$1,418$1,092$944
23 years$2,800$2,186$1,688$1,292$980$840
24 years$2,655$2,048$1,561$1,178$881$749
25 years$2,521$1,922$1,446$1,076$793$668
26 years$2,399$1,806$1,341$984$714$597
27 years$2,285$1,700$1,245$900$644$534
28 years$2,180$1,602$1,158$825$581$477
29 years$2,082$1,511$1,077$757$525$427
30 years$1,991$1,427$1,004$694$474$383
31 years$1,906$1,349$936$638$429$343
32 years$1,826$1,277$873$586$388$307
33 years$1,751$1,209$815$539$351$276
34 years$1,681$1,146$762$496$318$247
35 years$1,615$1,087$712$456$288$222
36 years$1,553$1,032$666$420$261$199
37 years$1,495$980$623$387$236$179
38 years$1,439$931$584$357$214$161
39 years$1,387$885$547$329$194$144
40 years$1,337$842$513$304$176$130
41 years$1,290$802$481$280$160$117
42 years$1,245$764$451$259$145$105
43 years$1,203$728$423$239$132$94
44 years$1,162$694$397$220$119$85
45 years$1,123$661$373$204$108$76
46 years$1,087$631$350$188$98$69
47 years$1,051$602$329$174$89$62
48 years$1,018$575$309$160$81$55
49 years$986$549$291$148$74$50
50 years$955$524$273$137$67$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $978,000, adding $5,347 every year, while hoping to spend $27,016 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: 66/19/15 Blend
50$978,000$978,000$978,000$978,000
51$1,083,271$1,031,437$1,016,278$1,150,559
52$1,165,020$1,053,233$1,021,579$1,217,980
53$1,254,202$1,075,191$1,026,152$1,288,003
54$1,351,546$1,097,291$1,029,943$1,363,872
55$1,457,857$1,119,511$1,032,899$1,446,159
56$1,574,016$1,141,826$1,034,960$1,535,493
57$1,701,000$1,164,209$1,036,064$1,632,566
58$1,839,878$1,186,631$1,036,149$1,738,143
59$1,991,831$1,209,061$1,035,145$1,853,066
60$2,158,158$1,231,466$1,032,983$1,978,261
61$2,340,290$1,253,808$1,029,588$2,114,751
62$2,539,803$1,276,047$1,024,882$2,263,662
63$2,758,431$1,298,142$1,018,784$2,426,234
64$2,998,086$1,320,046$1,011,208$2,603,834
65$3,260,872$1,341,709$1,002,065$2,797,971
66$3,549,107$1,363,079$991,260$3,010,305
67$3,865,344$1,384,098$978,695$3,242,666
68$4,212,396$1,404,705$964,268$3,497,072
69$4,593,359$1,424,835$947,870$3,775,746
70$5,011,647$1,444,417$929,389$4,081,138
71$5,471,018$1,463,376$908,706$4,415,949
72$5,975,612$1,481,632$885,698$4,783,156
73$6,529,991$1,499,099$860,236$5,186,038
74$7,139,180$1,515,685$832,184$5,628,213
75$7,808,715$1,531,292$801,401$6,113,664
76$8,544,695$1,545,816$767,738$6,646,784
77$9,353,839$1,559,146$731,042$7,232,414
78$10,243,549$1,571,163$691,151$7,875,889
79$11,221,982$1,581,740$647,895$8,583,091
80$12,298,123$1,590,744$601,099$9,360,501
81$13,481,872$1,598,032$550,577$10,215,262
82$14,784,138$1,603,451$496,136$11,155,248
83$16,216,940$1,606,839$437,576$12,189,138
84$17,793,519$1,608,026$374,686$13,326,496
85$19,528,466$1,606,827$307,247$14,577,864
86$21,437,859$1,603,051$235,028$15,954,860
87$23,539,410$1,596,490$157,791$17,470,291
88$25,852,638$1,586,926$75,286$19,138,271
89$28,399,051$1,574,129$0$20,974,355
90$31,202,344$1,557,852$0$22,997,731
91$34,288,632$1,537,835$0$25,238,244
92$37,686,685$1,513,802$0$27,704,704
93$41,428,210$1,485,461$0$30,420,111
94$45,548,140$1,452,502$0$33,409,813
95$50,084,973$1,414,596$0$36,701,743
96$55,081,126$1,371,398$0$40,326,683
97$60,583,343$1,322,538$0$44,318,557
98$66,643,130$1,267,629$0$48,714,749
99$73,317,245$1,206,258$0$53,556,458
100$80,668,229$1,137,990$0$58,889,084