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%13.8%
1 years$80,762$80,043$79,341$78,656$77,987$76,758
2 years$39,981$39,237$38,515$37,815$37,137$35,902
3 years$26,389$25,642$24,922$24,229$23,561$22,359
4 years$19,595$18,849$18,137$17,455$16,804$15,643
5 years$15,519$14,778$14,075$13,407$12,774$11,658
6 years$12,803$12,067$11,375$10,722$10,108$9,038
7 years$10,863$10,134$9,452$8,815$8,220$7,198
8 years$9,410$8,687$8,016$7,395$6,820$5,843
9 years$8,279$7,563$6,904$6,299$5,743$4,813
10 years$7,376$6,667$6,019$5,430$4,893$4,008
11 years$6,637$5,935$5,299$4,725$4,208$3,368
12 years$6,022$5,327$4,703$4,145$3,647$2,849
13 years$5,501$4,814$4,202$3,659$3,180$2,425
14 years$5,056$4,376$3,775$3,248$2,788$2,073
15 years$4,670$3,997$3,409$2,897$2,455$1,780
16 years$4,333$3,668$3,091$2,594$2,169$1,533
17 years$4,036$3,378$2,812$2,331$1,923$1,323
18 years$3,772$3,121$2,567$2,100$1,710$1,146
19 years$3,536$2,893$2,350$1,898$1,524$994
20 years$3,324$2,688$2,157$1,719$1,362$863
21 years$3,132$2,504$1,984$1,560$1,219$751
22 years$2,958$2,337$1,828$1,418$1,092$655
23 years$2,800$2,186$1,688$1,292$980$571
24 years$2,655$2,048$1,561$1,178$881$498
25 years$2,521$1,922$1,446$1,076$793$435
26 years$2,399$1,806$1,341$984$714$381
27 years$2,285$1,700$1,245$900$644$333
28 years$2,180$1,602$1,158$825$581$292
29 years$2,082$1,511$1,077$757$525$255
30 years$1,991$1,427$1,004$694$474$224
31 years$1,906$1,349$936$638$429$196
32 years$1,826$1,277$873$586$388$172
33 years$1,751$1,209$815$539$351$151
34 years$1,681$1,146$762$496$318$132
35 years$1,615$1,087$712$456$288$116
36 years$1,553$1,032$666$420$261$102
37 years$1,495$980$623$387$236$89
38 years$1,439$931$584$357$214$78
39 years$1,387$885$547$329$194$69
40 years$1,337$842$513$304$176$61
41 years$1,290$802$481$280$160$53
42 years$1,245$764$451$259$145$47
43 years$1,203$728$423$239$132$41
44 years$1,162$694$397$220$119$36
45 years$1,123$661$373$204$108$32
46 years$1,087$631$350$188$98$28
47 years$1,051$602$329$174$89$24
48 years$1,018$575$309$160$81$21
49 years$986$549$291$148$74$19
50 years$955$524$273$137$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $978,000, adding $2,236 every year, while hoping to spend $40,203 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: 55/38/7 Blend
50$978,000$978,000$978,000$978,000
51$1,080,062$1,028,228$1,013,069$1,137,611
52$1,147,453$1,035,836$1,004,232$1,184,324
53$1,220,370$1,042,469$993,750$1,230,509
54$1,299,335$1,048,037$981,528$1,279,811
55$1,384,921$1,052,444$967,462$1,332,535
56$1,477,757$1,055,588$951,447$1,389,011
57$1,578,537$1,057,361$933,370$1,449,611
58$1,688,024$1,057,648$913,113$1,514,741
59$1,807,055$1,056,325$890,555$1,584,851
60$1,936,553$1,053,263$865,567$1,660,441
61$2,077,533$1,048,325$838,015$1,742,060
62$2,231,112$1,041,363$807,759$1,830,317
63$2,398,518$1,032,223$774,652$1,925,885
64$2,581,105$1,020,740$738,541$2,029,507
65$2,780,360$1,006,739$699,264$2,142,004
66$2,997,923$990,035$656,656$2,264,284
67$3,235,597$970,433$610,540$2,397,348
68$3,495,369$947,725$560,734$2,542,306
69$3,779,424$921,691$507,046$2,700,380
70$4,090,170$892,098$449,276$2,872,924
71$4,430,257$858,700$387,217$3,061,429
72$4,802,603$821,237$320,649$3,267,547
73$5,210,424$779,433$249,346$3,493,098
74$5,657,258$732,996$173,070$3,740,094
75$6,147,004$681,618$91,573$4,010,758
76$6,683,953$624,973$4,596$4,307,543
77$7,272,835$562,715$0$4,633,157
78$7,918,858$494,481$0$4,997,182
79$8,627,756$419,886$0$5,397,125
80$9,405,850$338,523$0$5,836,309
81$10,260,097$249,961$0$6,318,781
82$11,198,166$153,748$0$6,849,008
83$12,228,502$49,405$0$7,431,917
84$13,360,407$0$0$8,072,945
85$14,604,132$0$0$8,804,676
86$15,970,967$0$0$9,631,637
87$17,473,351$0$0$10,540,709
88$19,124,989$0$0$11,540,195
89$20,940,978$0$0$12,639,245
90$22,937,954$0$0$13,847,940
91$25,134,243$0$0$15,177,386
92$27,550,036$0$0$16,639,819
93$30,207,581$0$0$18,248,722
94$33,131,391$0$0$20,018,950
95$36,348,472$0$0$21,966,871
96$39,888,583$0$0$24,110,518
97$43,784,510$0$0$26,469,762
98$48,072,382$0$0$29,066,498
99$52,792,005$0$0$31,924,851
100$57,987,241$0$0$35,071,404