Can I retire at age 51 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$79,524$78,815$78,124$77,450$76,791$74,244
2 years$39,368$38,635$37,924$37,235$36,567$34,026
3 years$25,985$25,248$24,540$23,857$23,200$20,744
4 years$19,294$18,560$17,859$17,188$16,546$14,194
5 years$15,281$14,551$13,859$13,202$12,578$10,337
6 years$12,607$11,882$11,200$10,558$9,953$7,824
7 years$10,697$9,979$9,307$8,680$8,094$6,077
8 years$9,265$8,554$7,893$7,281$6,715$4,808
9 years$8,152$7,447$6,799$6,202$5,655$3,857
10 years$7,263$6,565$5,927$5,346$4,818$3,126
11 years$6,535$5,844$5,218$4,653$4,144$2,553
12 years$5,929$5,245$4,631$4,081$3,591$2,099
13 years$5,417$4,740$4,137$3,603$3,131$1,734
14 years$4,978$4,309$3,718$3,198$2,745$1,439
15 years$4,598$3,936$3,356$2,852$2,417$1,198
16 years$4,266$3,611$3,043$2,554$2,136$1,000
17 years$3,974$3,326$2,769$2,295$1,894$836
18 years$3,714$3,073$2,528$2,068$1,684$701
19 years$3,482$2,848$2,314$1,869$1,501$588
20 years$3,273$2,647$2,124$1,692$1,341$494
21 years$3,084$2,465$1,953$1,536$1,200$416
22 years$2,913$2,301$1,800$1,397$1,075$350
23 years$2,757$2,152$1,662$1,272$965$295
24 years$2,614$2,017$1,537$1,160$868$249
25 years$2,483$1,893$1,424$1,059$781$210
26 years$2,362$1,779$1,321$969$703$177
27 years$2,250$1,674$1,226$887$634$150
28 years$2,146$1,577$1,140$812$572$126
29 years$2,050$1,488$1,061$745$517$107
30 years$1,960$1,405$988$684$467$90
31 years$1,876$1,328$921$628$422$76
32 years$1,798$1,257$860$577$382$64
33 years$1,725$1,190$803$531$346$54
34 years$1,656$1,128$750$488$313$46
35 years$1,591$1,070$701$449$283$39
36 years$1,529$1,016$656$414$257$33
37 years$1,472$965$614$381$233$28
38 years$1,417$917$575$352$211$24
39 years$1,366$872$539$324$191$20
40 years$1,317$829$505$299$174$17
41 years$1,270$790$473$276$157$14
42 years$1,226$752$444$255$143$12
43 years$1,184$716$417$235$130$10
44 years$1,144$683$391$217$118$9
45 years$1,106$651$367$200$107$7
46 years$1,070$621$345$185$97$6
47 years$1,035$593$324$171$88$5
48 years$1,002$566$305$158$80$4
49 years$971$540$286$146$73$4
50 years$940$516$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $963,000, adding $2,481 every year, while hoping to spend $34,401 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: 55/33/12 Blend
50$963,000$963,000$963,000$963,000
51$1,063,785$1,012,746$997,820$1,118,897
52$1,135,689$1,025,768$994,644$1,169,579
53$1,213,774$1,038,276$990,209$1,220,774
54$1,298,634$1,050,206$984,437$1,275,713
55$1,390,923$1,061,495$977,244$1,334,759
56$1,491,361$1,072,072$968,545$1,398,313
57$1,600,737$1,081,861$958,249$1,466,818
58$1,719,924$1,090,784$946,262$1,540,761
59$1,849,879$1,098,755$932,484$1,620,684
60$1,991,657$1,105,684$916,813$1,707,180
61$2,146,418$1,111,475$899,139$1,800,906
62$2,315,441$1,116,026$879,348$1,902,588
63$2,500,133$1,119,227$857,322$2,013,026
64$2,702,041$1,120,964$832,937$2,133,103
65$2,922,870$1,121,113$806,062$2,263,794
66$3,164,499$1,119,543$776,561$2,406,175
67$3,428,994$1,116,117$744,292$2,561,433
68$3,718,632$1,110,687$709,106$2,730,879
69$4,035,919$1,103,097$670,848$2,915,959
70$4,383,616$1,093,182$629,354$3,118,269
71$4,764,762$1,080,766$584,456$3,339,569
72$5,182,708$1,065,663$535,975$3,581,804
73$5,641,140$1,047,676$483,725$3,847,116
74$6,144,120$1,026,597$427,515$4,137,873
75$6,696,124$1,002,203$367,140$4,456,685
76$7,302,079$974,261$302,389$4,806,430
77$7,967,414$942,523$233,042$5,190,288
78$8,698,110$906,727$158,869$5,611,763
79$9,500,754$866,594$79,628$6,074,723
80$10,382,605$821,830$0$6,583,433
81$11,351,657$772,126$0$7,143,231
82$12,416,717$717,152$0$7,769,599
83$13,587,491$656,560$0$8,458,090
84$14,874,668$589,985$0$9,215,058
85$16,290,026$517,036$0$10,047,505
86$17,846,542$437,305$0$10,963,156
87$19,558,514$350,357$0$11,970,525
88$21,441,692$255,734$0$13,079,002
89$23,513,434$152,954$0$14,298,937
90$25,792,861$41,506$0$15,641,744
91$28,301,043$0$0$17,120,006
92$31,061,194$0$0$18,776,340
93$34,098,894$0$0$20,615,920
94$37,442,328$0$0$22,640,755
95$41,122,551$0$0$24,869,667
96$45,173,781$0$0$27,323,394
97$49,633,723$0$0$30,024,788
98$54,543,925$0$0$32,999,027
99$59,950,165$0$0$36,273,858
100$65,902,888$0$0$39,879,853