Can I retire at age 51 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$80,845$80,125$79,422$78,736$78,067$75,750
2 years$40,022$39,277$38,554$37,854$37,175$34,860
3 years$26,416$25,668$24,947$24,253$23,585$21,344
4 years$19,615$18,869$18,155$17,473$16,821$14,672
5 years$15,535$14,793$14,089$13,421$12,787$10,735
6 years$12,816$12,080$11,386$10,733$10,118$8,166
7 years$10,875$10,145$9,462$8,824$8,229$6,375
8 years$9,419$8,696$8,024$7,402$6,826$5,071
9 years$8,288$7,571$6,911$6,305$5,749$4,090
10 years$7,383$6,674$6,026$5,435$4,898$3,333
11 years$6,644$5,941$5,305$4,730$4,213$2,739
12 years$6,028$5,332$4,708$4,149$3,651$2,265
13 years$5,507$4,819$4,206$3,663$3,183$1,883
14 years$5,061$4,380$3,779$3,252$2,791$1,572
15 years$4,675$4,002$3,412$2,900$2,457$1,317
16 years$4,337$3,671$3,094$2,596$2,172$1,106
17 years$4,040$3,381$2,815$2,333$1,925$932
18 years$3,776$3,124$2,570$2,102$1,712$786
19 years$3,540$2,896$2,353$1,900$1,526$664
20 years$3,327$2,691$2,159$1,721$1,363$562
21 years$3,136$2,506$1,986$1,562$1,220$476
22 years$2,961$2,340$1,830$1,420$1,093$404
23 years$2,803$2,188$1,690$1,293$981$343
24 years$2,657$2,050$1,563$1,179$882$291
25 years$2,524$1,924$1,448$1,077$794$247
26 years$2,401$1,808$1,343$985$715$210
27 years$2,287$1,702$1,247$901$645$179
28 years$2,182$1,604$1,159$826$582$152
29 years$2,084$1,513$1,079$757$525$129
30 years$1,993$1,429$1,005$695$475$110
31 years$1,908$1,351$937$638$429$94
32 years$1,828$1,278$874$587$388$80
33 years$1,753$1,210$816$539$351$68
34 years$1,683$1,147$762$496$318$58
35 years$1,617$1,088$713$457$288$49
36 years$1,555$1,033$667$421$261$42
37 years$1,496$981$624$388$237$36
38 years$1,441$932$584$357$214$31
39 years$1,388$886$548$330$194$26
40 years$1,338$843$513$304$176$22
41 years$1,291$803$481$280$160$19
42 years$1,246$764$451$259$145$16
43 years$1,204$728$424$239$132$14
44 years$1,163$694$398$221$120$12
45 years$1,125$662$373$204$109$10
46 years$1,088$632$351$188$99$9
47 years$1,052$603$329$174$90$7
48 years$1,019$575$310$161$81$6
49 years$987$549$291$148$74$5
50 years$956$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $979,000, adding $6,434 every year, while hoping to spend $38,185 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: 61/25/14 Blend
50$979,000$979,000$979,000$979,000
51$1,085,495$1,033,608$1,018,433$1,147,587
52$1,155,587$1,043,626$1,011,922$1,200,130
53$1,231,548$1,052,855$1,003,913$1,252,556
54$1,313,938$1,061,217$994,316$1,308,849
55$1,403,369$1,068,626$983,035$1,369,385
56$1,500,518$1,074,994$969,972$1,434,582
57$1,606,127$1,080,225$955,023$1,504,898
58$1,721,014$1,084,218$938,078$1,580,841
59$1,846,078$1,086,865$919,024$1,662,970
60$1,982,308$1,088,052$897,741$1,751,905
61$2,130,794$1,087,657$874,106$1,848,326
62$2,292,733$1,085,550$847,987$1,952,987
63$2,469,445$1,081,595$819,247$2,066,719
64$2,662,381$1,075,646$787,745$2,190,439
65$2,873,140$1,067,549$753,331$2,325,160
66$3,103,481$1,057,140$715,848$2,471,998
67$3,355,341$1,044,245$675,134$2,632,187
68$3,630,853$1,028,680$631,018$2,807,088
69$3,932,366$1,010,250$583,323$2,998,203
70$4,262,464$988,750$531,861$3,207,188
71$4,623,995$963,959$476,438$3,435,874
72$5,020,096$935,646$416,852$3,686,277
73$5,454,219$903,566$352,890$3,960,624
74$5,930,169$867,459$284,331$4,261,372
75$6,452,133$827,052$210,943$4,591,232
76$7,024,725$782,052$132,485$4,953,193
77$7,653,028$732,154$48,704$5,350,556
78$8,342,639$677,032$0$5,786,960
79$9,099,724$616,342$0$6,272,501
80$9,931,075$549,722$0$6,813,687
81$10,844,173$476,787$0$7,408,163
82$11,847,262$397,133$0$8,061,364
83$12,949,421$310,330$0$8,779,281
84$14,160,653$215,927$0$9,568,518
85$15,491,978$113,446$0$10,436,360
86$16,955,536$2,382$0$11,390,833
87$18,564,704$0$0$12,440,790
88$20,334,218$0$0$13,628,395
89$22,280,313$0$0$14,935,318
90$24,420,878$0$0$16,372,927
91$26,775,622$0$0$17,954,470
92$29,366,260$0$0$19,694,542
93$32,216,718$0$0$21,609,227
94$35,353,358$0$0$23,716,243
95$38,805,228$0$0$26,035,116
96$42,604,332$0$0$28,587,357
97$46,785,935$0$0$31,396,672
98$51,388,894$0$0$34,489,180
99$56,456,025$0$0$37,893,660
100$62,034,506$0$0$41,641,824