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%19.5%
1 years$80,845$80,125$79,422$78,736$78,067$75,088
2 years$40,022$39,277$38,554$37,854$37,175$34,209
3 years$26,416$25,668$24,947$24,253$23,585$20,725
4 years$19,615$18,869$18,155$17,473$16,821$14,089
5 years$15,535$14,793$14,089$13,421$12,787$10,190
6 years$12,816$12,080$11,386$10,733$10,118$7,658
7 years$10,875$10,145$9,462$8,824$8,229$5,904
8 years$9,419$8,696$8,024$7,402$6,826$4,636
9 years$8,288$7,571$6,911$6,305$5,749$3,689
10 years$7,383$6,674$6,026$5,435$4,898$2,965
11 years$6,644$5,941$5,305$4,730$4,213$2,402
12 years$6,028$5,332$4,708$4,149$3,651$1,957
13 years$5,507$4,819$4,206$3,663$3,183$1,603
14 years$5,061$4,380$3,779$3,252$2,791$1,318
15 years$4,675$4,002$3,412$2,900$2,457$1,087
16 years$4,337$3,671$3,094$2,596$2,172$899
17 years$4,040$3,381$2,815$2,333$1,925$745
18 years$3,776$3,124$2,570$2,102$1,712$618
19 years$3,540$2,896$2,353$1,900$1,526$514
20 years$3,327$2,691$2,159$1,721$1,363$427
21 years$3,136$2,506$1,986$1,562$1,220$356
22 years$2,961$2,340$1,830$1,420$1,093$297
23 years$2,803$2,188$1,690$1,293$981$247
24 years$2,657$2,050$1,563$1,179$882$206
25 years$2,524$1,924$1,448$1,077$794$172
26 years$2,401$1,808$1,343$985$715$144
27 years$2,287$1,702$1,247$901$645$120
28 years$2,182$1,604$1,159$826$582$101
29 years$2,084$1,513$1,079$757$525$84
30 years$1,993$1,429$1,005$695$475$70
31 years$1,908$1,351$937$638$429$59
32 years$1,828$1,278$874$587$388$49
33 years$1,753$1,210$816$539$351$41
34 years$1,683$1,147$762$496$318$34
35 years$1,617$1,088$713$457$288$29
36 years$1,555$1,033$667$421$261$24
37 years$1,496$981$624$388$237$20
38 years$1,441$932$584$357$214$17
39 years$1,388$886$548$330$194$14
40 years$1,338$843$513$304$176$12
41 years$1,291$803$481$280$160$10
42 years$1,246$764$451$259$145$8
43 years$1,204$728$424$239$132$7
44 years$1,163$694$398$221$120$6
45 years$1,125$662$373$204$109$5
46 years$1,088$632$351$188$99$4
47 years$1,052$603$329$174$90$3
48 years$1,019$575$310$161$81$3
49 years$987$549$291$148$74$2
50 years$956$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $979,000, adding $6,155 every year, while hoping to spend $27,590 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: 60/11/29 Blend
50$979,000$979,000$979,000$979,000
51$1,085,207$1,033,320$1,018,145$1,141,443
52$1,166,542$1,054,597$1,022,898$1,201,826
53$1,255,250$1,075,992$1,026,885$1,264,213
54$1,352,051$1,097,482$1,030,051$1,331,720
55$1,457,742$1,119,040$1,032,340$1,404,851
56$1,573,199$1,140,640$1,033,690$1,484,166
57$1,699,386$1,162,252$1,034,039$1,570,279
58$1,837,364$1,183,843$1,033,320$1,663,868
59$1,988,301$1,205,378$1,031,463$1,765,682
60$2,153,486$1,226,819$1,028,395$1,876,544
61$2,334,334$1,248,126$1,024,039$1,997,364
62$2,532,407$1,269,255$1,018,315$2,129,145
63$2,749,421$1,290,158$1,011,137$2,272,992
64$2,987,271$1,310,784$1,002,419$2,430,125
65$3,248,040$1,331,079$992,067$2,601,887
66$3,534,023$1,350,985$979,985$2,789,760
67$3,847,749$1,370,439$966,070$2,995,379
68$4,192,003$1,389,374$950,217$3,220,545
69$4,569,851$1,407,718$932,313$3,467,246
70$4,984,674$1,425,394$912,244$3,737,670
71$5,440,193$1,442,320$889,885$4,034,235
72$5,940,507$1,458,409$865,111$4,359,601
73$6,490,134$1,473,566$837,788$4,716,705
74$7,094,050$1,487,692$807,776$5,108,785
75$7,757,735$1,500,682$774,929$5,539,407
76$8,487,229$1,512,420$739,094$6,012,507
77$9,289,185$1,522,788$700,112$6,532,422
78$10,170,933$1,531,655$657,817$7,103,933
79$11,140,548$1,538,886$612,033$7,732,313
80$12,206,927$1,544,335$562,580$8,423,373
81$13,379,873$1,547,847$509,266$9,183,519
82$14,670,187$1,549,258$451,893$10,019,816
83$16,089,768$1,548,394$390,254$10,940,048
84$17,651,728$1,545,069$324,131$11,952,798
85$19,370,514$1,539,086$253,298$13,067,529
86$21,262,042$1,530,237$177,519$14,294,671
87$23,343,851$1,518,300$96,547$15,645,720
88$25,635,267$1,503,040$10,125$17,133,350
89$28,157,584$1,484,208$0$18,771,532
90$30,934,263$1,461,540$0$20,601,070
91$33,991,159$1,434,756$0$22,618,528
92$37,356,759$1,403,561$0$24,839,570
93$41,062,453$1,367,640$0$27,284,916
94$45,142,829$1,326,661$0$29,977,395
95$49,636,003$1,280,272$0$32,942,169
96$54,583,971$1,228,101$0$36,206,961
97$60,033,012$1,169,754$0$39,802,326
98$66,034,122$1,104,814$0$43,761,932
99$72,643,494$1,032,842$0$48,122,884
100$79,923,049$953,370$0$52,926,068