Can I retire at age 51 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$79,771$79,061$78,368$77,691$77,030$75,568
2 years$39,491$38,755$38,043$37,351$36,681$35,213
3 years$26,066$25,327$24,616$23,931$23,272$21,845
4 years$19,354$18,618$17,914$17,241$16,598$15,222
5 years$15,329$14,597$13,902$13,243$12,617$11,297
6 years$12,646$11,919$11,235$10,590$9,984$8,720
7 years$10,730$10,010$9,336$8,707$8,119$6,913
8 years$9,294$8,580$7,918$7,304$6,736$5,586
9 years$8,178$7,471$6,820$6,221$5,673$4,579
10 years$7,285$6,585$5,946$5,363$4,833$3,795
11 years$6,555$5,862$5,234$4,667$4,157$3,173
12 years$5,948$5,262$4,645$4,094$3,602$2,671
13 years$5,434$4,755$4,150$3,614$3,141$2,261
14 years$4,994$4,322$3,729$3,208$2,754$1,922
15 years$4,613$3,948$3,367$2,861$2,424$1,641
16 years$4,280$3,623$3,053$2,562$2,143$1,405
17 years$3,986$3,336$2,778$2,302$1,900$1,207
18 years$3,725$3,083$2,536$2,075$1,689$1,039
19 years$3,493$2,857$2,321$1,874$1,506$896
20 years$3,283$2,655$2,130$1,698$1,345$773
21 years$3,094$2,473$1,960$1,541$1,204$669
22 years$2,922$2,308$1,806$1,401$1,079$579
23 years$2,766$2,159$1,668$1,276$968$502
24 years$2,622$2,023$1,542$1,164$870$436
25 years$2,490$1,898$1,428$1,063$783$378
26 years$2,369$1,784$1,325$972$706$329
27 years$2,257$1,679$1,230$889$636$286
28 years$2,153$1,582$1,144$815$574$248
29 years$2,056$1,493$1,064$747$518$216
30 years$1,966$1,410$991$686$468$188
31 years$1,882$1,333$924$630$423$164
32 years$1,804$1,261$862$579$383$143
33 years$1,730$1,194$805$532$347$124
34 years$1,661$1,132$752$490$314$108
35 years$1,596$1,073$703$451$284$94
36 years$1,534$1,019$658$415$258$82
37 years$1,476$968$616$383$233$72
38 years$1,422$920$577$353$212$63
39 years$1,370$874$540$325$192$55
40 years$1,321$832$506$300$174$48
41 years$1,274$792$475$277$158$41
42 years$1,230$754$445$255$143$36
43 years$1,188$719$418$236$130$32
44 years$1,148$685$392$218$118$28
45 years$1,110$653$368$201$107$24
46 years$1,073$623$346$186$97$21
47 years$1,038$595$325$172$88$18
48 years$1,005$568$305$159$80$16
49 years$974$542$287$146$73$14
50 years$943$518$270$135$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $966,000, adding $5,463 every year, while hoping to spend $59,636 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: 60/16/24 Blend
50$966,000$966,000$966,000$966,000
51$1,070,167$1,018,969$1,003,996$1,127,215
52$1,115,872$1,005,446$974,178$1,153,095
53$1,164,240$989,262$941,362$1,174,373
54$1,215,480$970,223$905,385$1,196,293
55$1,269,819$948,125$866,076$1,218,927
56$1,327,508$922,750$823,256$1,242,360
57$1,388,818$893,869$776,740$1,266,687
58$1,454,047$861,239$726,331$1,292,017
59$1,523,523$824,602$671,825$1,318,471
60$1,597,602$783,687$613,011$1,346,188
61$1,676,675$738,206$549,665$1,375,322
62$1,761,171$687,853$481,554$1,406,050
63$1,851,561$632,308$408,436$1,438,566
64$1,948,358$571,230$330,057$1,473,093
65$2,052,130$504,259$246,152$1,509,878
66$2,163,494$431,015$156,446$1,549,199
67$2,283,132$351,096$60,649$1,591,366
68$2,411,791$264,079$0$1,636,729
69$2,550,290$169,515$0$1,696,324
70$2,699,529$66,931$0$1,777,205
71$2,860,498$0$0$1,864,392
72$3,034,282$0$0$1,966,294
73$3,222,076$0$0$2,089,204
74$3,425,192$0$0$2,222,205
75$3,645,070$0$0$2,366,249
76$3,883,297$0$0$2,522,383
77$4,141,616$0$0$2,691,758
78$4,421,944$0$0$2,875,640
79$4,726,388$0$0$3,075,422
80$5,057,268$0$0$3,292,635
81$5,417,135$0$0$3,528,965
82$5,808,794$0$0$3,786,266
83$6,235,335$0$0$4,066,578
84$6,700,156$0$0$4,372,146
85$7,206,996$0$0$4,705,442
86$7,759,971$0$0$5,069,184
87$8,363,613$0$0$5,466,368
88$9,022,907$0$0$5,900,289
89$9,743,346$0$0$6,374,575
90$10,530,972$0$0$6,893,220
91$11,392,442$0$0$7,460,623
92$12,335,081$0$0$8,081,626
93$13,366,959$0$0$8,761,562
94$14,496,960$0$0$9,506,304
95$15,734,867$0$0$10,322,317
96$17,091,457$0$0$11,216,725
97$18,578,596$0$0$12,197,370
98$20,209,352$0$0$13,272,893
99$21,998,122$0$0$14,452,807
100$23,960,760$0$0$15,747,594