Can I retire at age 51 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$79,689$78,979$78,286$77,610$76,950$75,926
2 years$39,450$38,715$38,003$37,313$36,643$35,613
3 years$26,039$25,301$24,591$23,907$23,248$22,243
4 years$19,334$18,599$17,896$17,223$16,581$15,610
5 years$15,313$14,582$13,888$13,229$12,604$11,670
6 years$12,633$11,907$11,223$10,580$9,973$9,077
7 years$10,719$9,999$9,327$8,698$8,111$7,252
8 years$9,285$8,571$7,910$7,297$6,729$5,908
9 years$8,169$7,463$6,813$6,215$5,667$4,884
10 years$7,278$6,578$5,939$5,357$4,828$4,082
11 years$6,549$5,856$5,229$4,663$4,152$3,443
12 years$5,942$5,256$4,641$4,090$3,598$2,924
13 years$5,428$4,750$4,146$3,611$3,138$2,498
14 years$4,989$4,318$3,725$3,205$2,751$2,144
15 years$4,608$3,944$3,363$2,858$2,422$1,848
16 years$4,275$3,619$3,049$2,559$2,141$1,598
17 years$3,982$3,333$2,775$2,300$1,898$1,386
18 years$3,722$3,080$2,533$2,072$1,688$1,205
19 years$3,489$2,854$2,319$1,873$1,504$1,050
20 years$3,280$2,652$2,128$1,696$1,344$916
21 years$3,091$2,470$1,958$1,539$1,202$801
22 years$2,919$2,306$1,804$1,399$1,078$701
23 years$2,763$2,157$1,666$1,275$967$614
24 years$2,619$2,021$1,541$1,162$870$539
25 years$2,488$1,896$1,427$1,062$782$473
26 years$2,367$1,782$1,323$971$705$416
27 years$2,255$1,677$1,229$888$635$365
28 years$2,151$1,581$1,142$814$573$321
29 years$2,054$1,491$1,063$746$518$283
30 years$1,964$1,408$990$685$468$249
31 years$1,880$1,331$923$629$423$219
32 years$1,802$1,260$861$578$383$193
33 years$1,728$1,193$804$532$346$170
34 years$1,659$1,131$751$489$313$150
35 years$1,594$1,072$703$450$284$132
36 years$1,533$1,018$657$415$257$117
37 years$1,475$967$615$382$233$103
38 years$1,420$919$576$352$211$91
39 years$1,368$874$540$325$192$80
40 years$1,319$831$506$300$174$71
41 years$1,273$791$474$276$158$63
42 years$1,229$753$445$255$143$55
43 years$1,187$718$418$235$130$49
44 years$1,147$684$392$217$118$43
45 years$1,108$653$368$201$107$38
46 years$1,072$623$346$185$97$34
47 years$1,037$594$325$171$88$30
48 years$1,004$567$305$158$80$26
49 years$973$542$287$146$73$23
50 years$942$517$270$135$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $965,000, adding $6,221 every year, while hoping to spend $25,829 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: 42/31/27 Blend
50$965,000$965,000$965,000$965,000
51$1,069,847$1,018,702$1,003,744$1,106,099
52$1,151,489$1,041,137$1,009,888$1,155,170
53$1,240,594$1,063,805$1,015,372$1,205,371
54$1,337,894$1,086,691$1,020,146$1,259,240
55$1,444,198$1,109,777$1,024,160$1,317,130
56$1,560,394$1,133,044$1,027,357$1,379,433
57$1,687,463$1,156,472$1,029,682$1,446,578
58$1,826,481$1,180,036$1,031,074$1,519,041
59$1,978,637$1,203,713$1,031,470$1,597,345
60$2,145,237$1,227,474$1,030,803$1,682,067
61$2,327,721$1,251,290$1,029,005$1,773,845
62$2,527,674$1,275,128$1,026,001$1,873,382
63$2,746,842$1,298,954$1,021,717$1,981,453
64$2,987,147$1,322,730$1,016,072$2,098,914
65$3,250,707$1,346,415$1,008,982$2,226,708
66$3,539,854$1,369,965$1,000,358$2,365,876
67$3,857,159$1,393,333$990,109$2,517,566
68$4,205,450$1,416,467$978,139$2,683,044
69$4,587,845$1,439,313$964,346$2,863,707
70$5,007,777$1,461,812$948,623$3,061,096
71$5,469,030$1,483,900$930,862$3,276,910
72$5,975,770$1,505,510$910,944$3,513,024
73$6,532,587$1,526,569$888,750$3,771,504
74$7,144,540$1,546,999$864,152$4,054,632
75$7,817,199$1,566,718$837,017$4,364,921
76$8,556,703$1,585,637$807,207$4,705,145
77$9,369,814$1,603,660$774,575$5,078,363
78$10,263,982$1,620,687$738,971$5,487,948
79$11,247,417$1,636,609$700,235$5,937,619
80$12,329,162$1,651,312$658,201$6,431,480
81$13,519,182$1,664,672$612,697$6,974,054
82$14,828,456$1,676,558$563,540$7,570,329
83$16,269,081$1,686,832$510,541$8,225,808
84$17,854,386$1,695,345$453,503$8,946,554
85$19,599,056$1,701,940$392,218$9,739,257
86$21,519,274$1,706,449$326,471$10,611,293
87$23,632,869$1,708,695$256,037$11,570,791
88$25,959,488$1,708,486$180,680$12,626,720
89$28,520,778$1,705,624$100,155$13,788,964
90$31,340,592$1,699,895$14,205$15,068,422
91$34,445,214$1,691,071$0$16,477,112
92$37,863,605$1,678,914$0$18,050,616
93$41,627,680$1,663,167$0$19,787,025
94$45,772,603$1,643,562$0$21,698,431
95$50,337,123$1,619,811$0$23,802,675
96$55,363,939$1,591,611$0$26,119,420
97$60,900,102$1,558,642$0$28,670,338
98$66,997,459$1,520,561$0$31,479,314
99$73,713,140$1,477,009$0$34,572,673
100$81,110,102$1,427,605$0$37,979,429