Can I retire at age 51 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$80,019$79,306$78,611$77,932$77,269$76,718
2 years$39,613$38,876$38,161$37,467$36,795$36,239
3 years$26,147$25,406$24,692$24,006$23,344$22,801
4 years$19,415$18,676$17,970$17,295$16,649$16,123
5 years$15,376$14,642$13,945$13,284$12,657$12,148
6 years$12,685$11,956$11,270$10,623$10,015$9,526
7 years$10,764$10,041$9,365$8,734$8,145$7,675
8 years$9,323$8,607$7,943$7,327$6,757$6,306
9 years$8,203$7,494$6,841$6,241$5,690$5,259
10 years$7,308$6,606$5,964$5,380$4,848$4,436
11 years$6,576$5,880$5,251$4,682$4,170$3,776
12 years$5,966$5,278$4,660$4,107$3,613$3,237
13 years$5,451$4,770$4,163$3,626$3,151$2,793
14 years$5,009$4,336$3,741$3,218$2,762$2,421
15 years$4,627$3,961$3,377$2,870$2,432$2,108
16 years$4,293$3,634$3,062$2,570$2,149$1,842
17 years$3,999$3,347$2,786$2,309$1,906$1,614
18 years$3,737$3,092$2,544$2,081$1,695$1,419
19 years$3,503$2,866$2,329$1,880$1,510$1,249
20 years$3,293$2,663$2,137$1,703$1,349$1,102
21 years$3,104$2,481$1,966$1,546$1,207$974
22 years$2,931$2,316$1,812$1,405$1,082$863
23 years$2,774$2,166$1,673$1,280$971$764
24 years$2,630$2,029$1,547$1,167$873$678
25 years$2,498$1,904$1,433$1,066$786$603
26 years$2,377$1,790$1,329$975$708$536
27 years$2,264$1,684$1,234$892$638$477
28 years$2,160$1,587$1,147$817$576$424
29 years$2,063$1,497$1,068$750$520$378
30 years$1,972$1,414$994$688$470$337
31 years$1,888$1,337$927$632$425$300
32 years$1,809$1,265$865$581$384$268
33 years$1,735$1,198$808$534$348$239
34 years$1,666$1,135$755$491$315$214
35 years$1,601$1,077$705$452$285$191
36 years$1,539$1,022$660$417$258$170
37 years$1,481$971$618$384$234$152
38 years$1,426$922$578$354$212$136
39 years$1,374$877$542$326$192$122
40 years$1,325$835$508$301$175$109
41 years$1,278$794$476$278$158$97
42 years$1,234$757$447$256$144$87
43 years$1,191$721$419$236$130$78
44 years$1,151$687$394$218$118$70
45 years$1,113$655$370$202$107$62
46 years$1,077$625$347$186$98$56
47 years$1,042$597$326$172$89$50
48 years$1,008$569$306$159$80$45
49 years$977$544$288$147$73$40
50 years$946$519$271$136$66$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $969,000, adding $6,574 every year, while hoping to spend $28,318 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: 50/31/19 Blend
50$969,000$969,000$969,000$969,000
51$1,074,619$1,023,262$1,008,243$1,122,361
52$1,154,100$1,043,272$1,011,889$1,176,056
53$1,240,739$1,063,313$1,014,708$1,230,934
54$1,335,236$1,083,357$1,016,642$1,289,971
55$1,438,362$1,103,373$1,017,632$1,353,570
56$1,550,966$1,123,329$1,017,612$1,422,176
57$1,673,980$1,143,188$1,016,518$1,496,278
58$1,808,433$1,162,912$1,014,279$1,576,416
59$1,955,458$1,182,459$1,010,822$1,663,187
60$2,116,300$1,201,784$1,006,070$1,757,248
61$2,292,331$1,220,840$999,942$1,859,323
62$2,485,063$1,239,576$992,354$1,970,212
63$2,696,159$1,257,935$983,217$2,090,796
64$2,927,452$1,275,858$972,440$2,222,047
65$3,180,960$1,293,283$959,925$2,365,039
66$3,458,905$1,310,142$945,570$2,520,953
67$3,763,736$1,326,361$929,268$2,691,095
68$4,098,148$1,341,864$910,910$2,876,902
69$4,465,111$1,356,567$890,377$3,079,961
70$4,867,897$1,370,383$867,549$3,302,023
71$5,310,108$1,383,217$842,297$3,545,016
72$5,795,713$1,394,969$814,489$3,811,070
73$6,329,085$1,405,532$783,984$4,102,531
74$6,915,041$1,414,793$750,637$4,421,988
75$7,558,887$1,422,629$714,295$4,772,295
76$8,266,468$1,428,913$674,798$5,156,601
77$9,044,225$1,433,506$631,981$5,578,376
78$9,899,252$1,436,264$585,668$6,041,447
79$10,839,366$1,437,031$535,678$6,550,038
80$11,873,179$1,435,643$481,821$7,108,801
81$13,010,179$1,431,925$423,898$7,722,869
82$14,260,820$1,425,692$361,701$8,397,901
83$15,636,619$1,416,747$295,014$9,140,137
84$17,150,268$1,404,882$223,611$9,956,458
85$18,815,749$1,389,874$147,255$10,854,450
86$20,648,468$1,371,490$65,701$11,842,477
87$22,665,399$1,349,481$0$12,929,761
88$24,885,247$1,323,583$0$14,130,794
89$27,328,622$1,293,518$0$15,466,957
90$30,018,230$1,258,989$0$16,937,333
91$32,979,094$1,219,685$0$18,555,606
92$36,238,785$1,175,272$0$20,336,859
93$39,827,683$1,125,403$0$22,297,719
94$43,779,264$1,069,704$0$24,456,508
95$48,130,414$1,007,785$0$26,833,424
96$52,921,780$939,230$0$29,450,727
97$58,198,150$863,601$0$32,332,953
98$64,008,878$780,434$0$35,507,145
99$70,408,348$689,240$0$39,003,108
100$77,456,486$589,499$0$42,853,693