Can I retire at age 51 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$79,937$79,225$78,530$77,852$77,190$75,020
2 years$39,573$38,836$38,121$37,429$36,757$34,587
3 years$26,120$25,379$24,667$23,981$23,320$21,219
4 years$19,395$18,657$17,951$17,277$16,632$14,615
5 years$15,360$14,627$13,931$13,270$12,643$10,716
6 years$12,672$11,944$11,258$10,612$10,004$8,169
7 years$10,752$10,031$9,356$8,725$8,136$6,392
8 years$9,313$8,598$7,934$7,319$6,750$5,097
9 years$8,195$7,486$6,834$6,234$5,684$4,120
10 years$7,300$6,599$5,958$5,374$4,843$3,367
11 years$6,569$5,874$5,245$4,677$4,165$2,773
12 years$5,960$5,273$4,655$4,102$3,610$2,300
13 years$5,445$4,765$4,159$3,622$3,148$1,917
14 years$5,004$4,331$3,737$3,215$2,759$1,605
15 years$4,622$3,957$3,374$2,867$2,429$1,348
16 years$4,289$3,630$3,059$2,567$2,147$1,136
17 years$3,994$3,343$2,783$2,307$1,904$959
18 years$3,733$3,089$2,541$2,079$1,693$812
19 years$3,500$2,863$2,326$1,878$1,509$688
20 years$3,290$2,660$2,135$1,701$1,348$584
21 years$3,100$2,478$1,964$1,544$1,206$496
22 years$2,928$2,313$1,810$1,404$1,081$422
23 years$2,771$2,164$1,671$1,278$970$359
24 years$2,628$2,027$1,545$1,166$872$306
25 years$2,496$1,902$1,431$1,065$785$261
26 years$2,374$1,788$1,327$974$707$223
27 years$2,262$1,683$1,233$891$637$190
28 years$2,157$1,586$1,146$817$575$162
29 years$2,061$1,496$1,066$749$519$138
30 years$1,970$1,413$993$687$469$118
31 years$1,886$1,335$926$631$424$101
32 years$1,807$1,264$864$580$384$86
33 years$1,734$1,197$807$533$347$74
34 years$1,664$1,134$754$491$314$63
35 years$1,599$1,076$705$452$285$54
36 years$1,537$1,021$659$416$258$46
37 years$1,479$970$617$383$234$39
38 years$1,425$922$578$353$212$34
39 years$1,373$876$541$326$192$29
40 years$1,323$834$507$301$174$25
41 years$1,277$794$476$277$158$21
42 years$1,232$756$446$256$144$18
43 years$1,190$720$419$236$130$15
44 years$1,150$686$393$218$118$13
45 years$1,112$655$369$201$107$11
46 years$1,075$624$347$186$97$10
47 years$1,041$596$326$172$89$8
48 years$1,007$569$306$159$80$7
49 years$976$543$288$147$73$6
50 years$945$519$270$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $968,000, adding $3,994 every year, while hoping to spend $25,869 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: 85/5/10 Blend
50$968,000$968,000$968,000$968,000
51$1,070,856$1,019,552$1,004,548$1,159,985
52$1,152,559$1,041,985$1,010,676$1,241,253
53$1,241,728$1,064,651$1,016,142$1,326,612
54$1,339,099$1,087,533$1,020,897$1,419,594
55$1,445,479$1,110,614$1,024,889$1,520,948
56$1,561,758$1,133,875$1,028,063$1,631,503
57$1,688,915$1,157,293$1,030,361$1,752,168
58$1,828,031$1,180,847$1,031,725$1,883,948
59$1,980,292$1,204,510$1,032,089$2,027,946
60$2,147,006$1,228,256$1,031,389$2,185,380
61$2,329,614$1,252,053$1,029,554$2,357,590
62$2,529,702$1,275,871$1,026,511$2,546,053
63$2,749,017$1,299,674$1,022,184$2,752,396
64$2,989,482$1,323,423$1,016,493$2,978,410
65$3,253,217$1,347,079$1,009,353$3,226,069
66$3,542,555$1,370,596$1,000,676$3,497,549
67$3,860,067$1,393,926$990,370$3,795,245
68$4,208,585$1,417,019$978,339$4,121,797
69$4,591,227$1,439,820$964,480$4,480,114
70$5,011,430$1,462,269$948,688$4,873,399
71$5,472,979$1,484,303$930,851$5,305,184
72$5,980,042$1,505,854$910,855$5,779,359
73$6,537,214$1,526,848$888,576$6,300,209
74$7,149,555$1,547,208$863,888$6,872,459
75$7,822,638$1,566,851$836,657$7,501,311
76$8,562,607$1,585,686$806,745$8,192,500
77$9,376,228$1,603,620$774,006$8,952,345
78$10,270,956$1,620,549$738,287$9,787,806
79$11,255,003$1,636,366$699,430$10,706,557
80$12,337,421$1,650,955$657,268$11,717,051
81$13,528,179$1,664,193$611,627$12,828,602
82$14,838,262$1,675,948$562,326$14,051,476
83$16,279,777$1,686,081$509,176$15,396,984
84$17,866,057$1,694,442$451,977$16,877,590
85$19,611,800$1,700,875$390,523$18,507,029
86$21,533,195$1,705,209$324,597$20,300,438
87$23,648,084$1,707,268$253,974$22,274,493
88$25,976,125$1,706,860$178,418$24,447,576
89$28,538,977$1,703,784$97,683$26,839,940
90$31,360,510$1,697,826$11,512$29,473,904
91$34,467,021$1,688,758$0$32,374,062
92$37,887,489$1,676,340$0$35,576,103
93$41,653,848$1,660,316$0$39,103,178
94$45,801,284$1,640,414$0$42,987,003
95$50,368,568$1,616,348$0$47,263,882
96$55,398,425$1,587,812$0$51,973,816
97$60,937,934$1,554,484$0$57,160,889
98$67,038,972$1,516,022$0$62,873,676
99$73,758,705$1,472,066$0$69,165,706
100$81,160,126$1,422,230$0$76,095,963