Can I retire at age 51 with 978,000?

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 $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%14%
1 years$80,762$80,043$79,341$78,656$77,987$76,695
2 years$39,981$39,237$38,515$37,815$37,137$35,839
3 years$26,389$25,642$24,922$24,229$23,561$22,298
4 years$19,595$18,849$18,137$17,455$16,804$15,585
5 years$15,519$14,778$14,075$13,407$12,774$11,603
6 years$12,803$12,067$11,375$10,722$10,108$8,985
7 years$10,863$10,134$9,452$8,815$8,220$7,147
8 years$9,410$8,687$8,016$7,395$6,820$5,796
9 years$8,279$7,563$6,904$6,299$5,743$4,768
10 years$7,376$6,667$6,019$5,430$4,893$3,966
11 years$6,637$5,935$5,299$4,725$4,208$3,328
12 years$6,022$5,327$4,703$4,145$3,647$2,812
13 years$5,501$4,814$4,202$3,659$3,180$2,390
14 years$5,056$4,376$3,775$3,248$2,788$2,041
15 years$4,670$3,997$3,409$2,897$2,455$1,749
16 years$4,333$3,668$3,091$2,594$2,169$1,504
17 years$4,036$3,378$2,812$2,331$1,923$1,297
18 years$3,772$3,121$2,567$2,100$1,710$1,121
19 years$3,536$2,893$2,350$1,898$1,524$971
20 years$3,324$2,688$2,157$1,719$1,362$843
21 years$3,132$2,504$1,984$1,560$1,219$732
22 years$2,958$2,337$1,828$1,418$1,092$637
23 years$2,800$2,186$1,688$1,292$980$555
24 years$2,655$2,048$1,561$1,178$881$483
25 years$2,521$1,922$1,446$1,076$793$422
26 years$2,399$1,806$1,341$984$714$368
27 years$2,285$1,700$1,245$900$644$322
28 years$2,180$1,602$1,158$825$581$281
29 years$2,082$1,511$1,077$757$525$246
30 years$1,991$1,427$1,004$694$474$215
31 years$1,906$1,349$936$638$429$188
32 years$1,826$1,277$873$586$388$165
33 years$1,751$1,209$815$539$351$144
34 years$1,681$1,146$762$496$318$126
35 years$1,615$1,087$712$456$288$111
36 years$1,553$1,032$666$420$261$97
37 years$1,495$980$623$387$236$85
38 years$1,439$931$584$357$214$74
39 years$1,387$885$547$329$194$65
40 years$1,337$842$513$304$176$57
41 years$1,290$802$481$280$160$50
42 years$1,245$764$451$259$145$44
43 years$1,203$728$423$239$132$39
44 years$1,162$694$397$220$119$34
45 years$1,123$661$373$204$108$30
46 years$1,087$631$350$188$98$26
47 years$1,051$602$329$174$89$23
48 years$1,018$575$309$160$81$20
49 years$986$549$291$148$74$18
50 years$955$524$273$137$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $978,000, adding $4,607 every year, while hoping to spend $58,100 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: 54/33/13 Blend
50$978,000$978,000$978,000$978,000
51$1,082,508$1,030,674$1,015,515$1,137,048
52$1,131,106$1,019,359$987,717$1,163,349
53$1,182,714$1,005,543$957,040$1,185,302
54$1,237,577$989,040$923,327$1,207,860
55$1,295,964$969,658$886,413$1,231,092
56$1,358,169$947,188$846,125$1,255,080
57$1,424,515$921,413$802,283$1,279,914
58$1,495,354$892,101$754,698$1,305,701
59$1,571,074$859,007$703,174$1,332,559
60$1,652,097$821,872$647,504$1,360,623
61$1,738,889$780,422$587,474$1,390,046
62$1,831,960$734,367$522,858$1,421,001
63$1,931,869$683,400$453,423$1,453,683
64$2,039,229$627,196$378,922$1,488,312
65$2,154,715$565,413$299,100$1,525,137
66$2,279,066$497,689$213,690$1,564,437
67$2,413,095$423,640$122,413$1,606,525
68$2,557,694$342,861$24,977$1,651,754
69$2,713,844$254,927$0$1,700,517
70$2,882,622$159,384$0$1,764,218
71$3,065,212$55,757$0$1,836,801
72$3,262,917$0$0$1,915,399
73$3,477,166$0$0$2,021,181
74$3,709,534$0$0$2,157,946
75$3,961,750$0$0$2,306,475
76$4,235,719$0$0$2,467,900
77$4,533,534$0$0$2,643,464
78$4,857,498$0$0$2,834,536
79$5,210,144$0$0$3,042,623
80$5,594,262$0$0$3,269,382
81$6,012,919$0$0$3,516,637
82$6,469,492$0$0$3,786,397
83$6,967,699$0$0$4,080,870
84$7,511,629$0$0$4,402,490
85$8,105,788$0$0$4,753,935
86$8,755,131$0$0$5,138,152
87$9,465,118$0$0$5,558,387
88$10,241,758$0$0$6,018,215
89$11,091,668$0$0$6,521,572
90$12,022,134$0$0$7,072,789
91$13,041,179$0$0$7,676,641
92$14,157,641$0$0$8,338,382
93$15,381,248$0$0$9,063,800
94$16,722,719$0$0$9,859,270
95$18,193,856$0$0$10,731,813
96$19,807,659$0$0$11,689,164
97$21,578,449$0$0$12,739,839
98$23,521,997$0$0$13,893,222
99$25,655,677$0$0$15,159,648
100$27,998,628$0$0$16,550,504