Can I retire at age 51 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$79,854$79,143$78,449$77,771$77,110$76,432
2 years$39,532$38,795$38,082$37,390$36,719$36,036
3 years$26,093$25,353$24,642$23,956$23,296$22,629
4 years$19,374$18,637$17,933$17,259$16,615$15,969
5 years$15,345$14,612$13,917$13,257$12,630$12,007
6 years$12,659$11,932$11,247$10,601$9,994$9,395
7 years$10,741$10,020$9,346$8,716$8,128$7,552
8 years$9,304$8,589$7,926$7,312$6,743$6,191
9 years$8,186$7,478$6,827$6,228$5,678$5,151
10 years$7,293$6,592$5,952$5,369$4,838$4,334
11 years$6,562$5,868$5,240$4,672$4,161$3,680
12 years$5,954$5,267$4,650$4,098$3,606$3,148
13 years$5,440$4,760$4,155$3,618$3,144$2,709
14 years$4,999$4,327$3,733$3,212$2,756$2,342
15 years$4,618$3,952$3,370$2,864$2,427$2,034
16 years$4,284$3,626$3,056$2,565$2,145$1,772
17 years$3,990$3,340$2,781$2,304$1,902$1,549
18 years$3,729$3,086$2,538$2,077$1,691$1,357
19 years$3,496$2,860$2,324$1,876$1,507$1,192
20 years$3,287$2,658$2,133$1,699$1,346$1,049
21 years$3,097$2,476$1,962$1,542$1,205$924
22 years$2,925$2,311$1,808$1,402$1,080$816
23 years$2,768$2,161$1,669$1,277$969$721
24 years$2,625$2,025$1,544$1,165$871$637
25 years$2,493$1,900$1,430$1,064$784$564
26 years$2,372$1,786$1,326$973$706$500
27 years$2,259$1,681$1,231$890$637$444
28 years$2,155$1,584$1,145$816$575$394
29 years$2,059$1,494$1,065$748$519$350
30 years$1,968$1,411$992$687$469$311
31 years$1,884$1,334$925$631$424$276
32 years$1,806$1,262$863$579$383$246
33 years$1,732$1,195$806$533$347$218
34 years$1,662$1,133$753$490$314$194
35 years$1,597$1,075$704$451$285$173
36 years$1,536$1,020$659$416$258$154
37 years$1,478$969$616$383$234$137
38 years$1,423$921$577$353$212$122
39 years$1,371$875$541$325$192$109
40 years$1,322$833$507$300$174$97
41 years$1,275$793$475$277$158$86
42 years$1,231$755$446$256$143$77
43 years$1,189$719$418$236$130$69
44 years$1,149$686$393$218$118$61
45 years$1,111$654$369$201$107$54
46 years$1,074$624$346$186$97$49
47 years$1,040$595$325$172$88$43
48 years$1,006$568$306$159$80$39
49 years$975$543$287$147$73$34
50 years$944$518$270$136$66$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $967,000, adding $5,562 every year, while hoping to spend $52,088 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: 34/46/20 Blend
50$967,000$967,000$967,000$967,000
51$1,071,371$1,020,120$1,005,132$1,101,064
52$1,125,230$1,014,685$983,382$1,118,035
53$1,182,836$1,007,237$959,159$1,131,130
54$1,244,518$997,624$932,323$1,144,170
55$1,310,633$985,683$902,730$1,157,182
56$1,381,577$971,240$870,231$1,170,198
57$1,457,780$954,113$834,666$1,183,261
58$1,539,717$934,108$795,871$1,196,420
59$1,627,910$911,021$753,673$1,209,735
60$1,722,928$884,633$707,893$1,223,279
61$1,825,401$854,714$658,342$1,237,138
62$1,936,019$821,022$604,824$1,251,411
63$2,055,539$783,298$547,131$1,266,217
64$2,184,795$741,270$485,051$1,281,691
65$2,324,702$694,650$418,358$1,297,992
66$2,476,266$643,133$346,818$1,315,301
67$2,640,595$586,397$270,186$1,333,826
68$2,818,906$524,100$188,207$1,353,808
69$3,012,537$455,884$100,615$1,375,519
70$3,222,961$381,367$7,131$1,399,269
71$3,451,797$300,148$0$1,425,411
72$3,700,827$211,802$0$1,474,115
73$3,972,012$115,881$0$1,528,974
74$4,267,510$11,912$0$1,589,043
75$4,589,695$0$0$1,654,972
76$4,941,179$0$0$1,778,409
77$5,324,840$0$0$1,919,861
78$5,743,844$0$0$2,074,483
79$6,201,676$0$0$2,243,578
80$6,702,174$0$0$2,428,583
81$7,249,562$0$0$2,631,077
82$7,848,493$0$0$2,852,800
83$8,504,088$0$0$3,095,671
84$9,221,987$0$0$3,361,798
85$10,008,403$0$0$3,653,507
86$10,870,175$0$0$3,973,358
87$11,814,836$0$0$4,324,170
88$12,850,684$0$0$4,709,049
89$13,986,856$0$0$5,131,416
90$15,233,418$0$0$5,595,039
91$16,601,457$0$0$6,104,068
92$18,103,183$0$0$6,663,076
93$19,752,050$0$0$7,277,098
94$21,562,875$0$0$7,951,685
95$23,551,981$0$0$8,692,947
96$25,737,352$0$0$9,507,619
97$28,138,797$0$0$10,403,120
98$30,778,141$0$0$11,387,622
99$33,679,428$0$0$12,470,129
100$36,869,146$0$0$13,660,563