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%11.7%
1 years$80,762$80,043$79,341$78,656$77,987$77,431
2 years$39,981$39,237$38,515$37,815$37,137$36,576
3 years$26,389$25,642$24,922$24,229$23,561$23,013
4 years$19,595$18,849$18,137$17,455$16,804$16,273
5 years$15,519$14,778$14,075$13,407$12,774$12,261
6 years$12,803$12,067$11,375$10,722$10,108$9,614
7 years$10,863$10,134$9,452$8,815$8,220$7,746
8 years$9,410$8,687$8,016$7,395$6,820$6,365
9 years$8,279$7,563$6,904$6,299$5,743$5,307
10 years$7,376$6,667$6,019$5,430$4,893$4,477
11 years$6,637$5,935$5,299$4,725$4,208$3,811
12 years$6,022$5,327$4,703$4,145$3,647$3,267
13 years$5,501$4,814$4,202$3,659$3,180$2,819
14 years$5,056$4,376$3,775$3,248$2,788$2,444
15 years$4,670$3,997$3,409$2,897$2,455$2,128
16 years$4,333$3,668$3,091$2,594$2,169$1,859
17 years$4,036$3,378$2,812$2,331$1,923$1,629
18 years$3,772$3,121$2,567$2,100$1,710$1,432
19 years$3,536$2,893$2,350$1,898$1,524$1,261
20 years$3,324$2,688$2,157$1,719$1,362$1,113
21 years$3,132$2,504$1,984$1,560$1,219$983
22 years$2,958$2,337$1,828$1,418$1,092$871
23 years$2,800$2,186$1,688$1,292$980$772
24 years$2,655$2,048$1,561$1,178$881$685
25 years$2,521$1,922$1,446$1,076$793$608
26 years$2,399$1,806$1,341$984$714$541
27 years$2,285$1,700$1,245$900$644$481
28 years$2,180$1,602$1,158$825$581$428
29 years$2,082$1,511$1,077$757$525$381
30 years$1,991$1,427$1,004$694$474$340
31 years$1,906$1,349$936$638$429$303
32 years$1,826$1,277$873$586$388$271
33 years$1,751$1,209$815$539$351$241
34 years$1,681$1,146$762$496$318$216
35 years$1,615$1,087$712$456$288$192
36 years$1,553$1,032$666$420$261$172
37 years$1,495$980$623$387$236$154
38 years$1,439$931$584$357$214$137
39 years$1,387$885$547$329$194$123
40 years$1,337$842$513$304$176$110
41 years$1,290$802$481$280$160$98
42 years$1,245$764$451$259$145$88
43 years$1,203$728$423$239$132$78
44 years$1,162$694$397$220$119$70
45 years$1,123$661$373$204$108$63
46 years$1,087$631$350$188$98$56
47 years$1,051$602$329$174$89$50
48 years$1,018$575$309$160$81$45
49 years$986$549$291$148$74$40
50 years$955$524$273$137$67$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $978,000, adding $5,086 every year, while hoping to spend $25,861 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: 43/46/11 Blend
50$978,000$978,000$978,000$978,000
51$1,083,002$1,031,168$1,016,009$1,125,909
52$1,165,953$1,054,180$1,022,530$1,179,357
53$1,256,497$1,077,452$1,028,402$1,234,220
54$1,355,383$1,100,970$1,033,576$1,293,078
55$1,463,433$1,124,719$1,038,002$1,356,306
56$1,581,553$1,148,680$1,041,625$1,424,319
57$1,710,740$1,172,834$1,044,388$1,497,574
58$1,852,092$1,197,159$1,046,232$1,576,573
59$2,006,818$1,221,632$1,047,093$1,661,872
60$2,176,249$1,246,228$1,046,906$1,754,081
61$2,361,851$1,270,917$1,045,602$1,853,874
62$2,565,239$1,295,671$1,043,109$1,961,993
63$2,788,190$1,320,456$1,039,350$2,079,255
64$3,032,663$1,345,236$1,034,246$2,206,564
65$3,300,815$1,369,973$1,027,713$2,344,913
66$3,595,021$1,394,625$1,019,665$2,495,396
67$3,917,898$1,419,146$1,010,008$2,659,224
68$4,272,329$1,443,490$998,649$2,837,726
69$4,661,487$1,467,602$985,484$3,032,371
70$5,088,872$1,491,427$970,411$3,244,777
71$5,558,335$1,514,905$953,318$3,476,729
72$6,074,121$1,537,971$934,089$3,730,193
73$6,640,905$1,560,555$912,605$4,007,338
74$7,263,838$1,582,584$888,739$4,310,554
75$7,948,597$1,603,977$862,358$4,642,478
76$8,701,431$1,624,650$833,325$5,006,015
77$9,529,230$1,644,511$801,495$5,404,369
78$10,439,583$1,663,463$766,716$5,841,072
79$11,440,850$1,681,402$728,831$6,320,018
80$12,542,245$1,698,219$687,674$6,845,500
81$13,753,915$1,713,793$643,073$7,422,252
82$15,087,046$1,728,000$594,847$8,055,492
83$16,553,958$1,740,706$542,808$8,750,972
84$18,168,229$1,751,767$486,759$9,515,034
85$19,944,816$1,761,032$426,494$10,354,671
86$21,900,204$1,768,339$361,797$11,277,591
87$24,052,553$1,773,516$292,446$12,292,292
88$26,421,875$1,776,380$218,205$13,408,141
89$29,030,221$1,776,737$138,829$14,635,465
90$31,901,888$1,774,381$54,064$15,985,652
91$35,063,648$1,769,094$0$17,471,249
92$38,545,002$1,760,641$0$19,110,367
93$42,378,458$1,748,778$0$20,921,033
94$46,599,835$1,733,243$0$22,913,743
95$51,248,603$1,713,757$0$25,107,067
96$56,368,257$1,690,027$0$27,521,472
97$62,006,723$1,661,743$0$30,179,519
98$68,216,813$1,628,572$0$33,106,074
99$75,056,723$1,590,167$0$36,328,544
100$82,590,579$1,546,156$0$39,877,138