Can I retire at age 51 with 972,000?

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 $972,000?

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 years$80,267$79,552$78,854$78,173$77,509$76,859
2 years$39,736$38,996$38,279$37,583$36,909$36,254
3 years$26,228$25,484$24,769$24,080$23,417$22,777
4 years$19,475$18,734$18,025$17,348$16,701$16,082
5 years$15,424$14,687$13,988$13,325$12,696$12,098
6 years$12,724$11,993$11,305$10,656$10,046$9,471
7 years$10,797$10,072$9,394$8,761$8,170$7,618
8 years$9,352$8,634$7,967$7,349$6,778$6,249
9 years$8,229$7,517$6,862$6,260$5,708$5,202
10 years$7,330$6,626$5,983$5,396$4,863$4,380
11 years$6,596$5,899$5,267$4,696$4,183$3,721
12 years$5,985$5,294$4,674$4,119$3,625$3,185
13 years$5,468$4,785$4,176$3,637$3,161$2,742
14 years$5,025$4,349$3,752$3,228$2,771$2,373
15 years$4,641$3,973$3,388$2,879$2,439$2,062
16 years$4,306$3,645$3,072$2,578$2,156$1,798
17 years$4,011$3,357$2,795$2,316$1,912$1,572
18 years$3,749$3,102$2,551$2,087$1,700$1,379
19 years$3,514$2,875$2,336$1,886$1,515$1,212
20 years$3,304$2,671$2,144$1,708$1,353$1,067
21 years$3,113$2,488$1,972$1,550$1,211$941
22 years$2,940$2,323$1,817$1,410$1,086$831
23 years$2,783$2,172$1,678$1,284$974$735
24 years$2,638$2,035$1,552$1,171$876$650
25 years$2,506$1,910$1,437$1,069$788$576
26 years$2,384$1,795$1,333$978$710$511
27 years$2,271$1,690$1,238$895$640$454
28 years$2,166$1,592$1,151$820$578$403
29 years$2,069$1,502$1,071$752$521$358
30 years$1,979$1,418$997$690$471$318
31 years$1,894$1,341$930$634$426$283
32 years$1,815$1,269$868$582$385$252
33 years$1,741$1,202$810$536$349$224
34 years$1,671$1,139$757$493$316$200
35 years$1,606$1,080$708$454$286$178
36 years$1,544$1,025$662$418$259$159
37 years$1,485$974$620$385$235$141
38 years$1,430$925$580$355$213$126
39 years$1,378$880$544$327$193$112
40 years$1,329$837$510$302$175$100
41 years$1,282$797$478$278$159$89
42 years$1,237$759$448$257$144$80
43 years$1,195$723$421$237$131$71
44 years$1,155$689$395$219$119$63
45 years$1,116$657$371$202$108$57
46 years$1,080$627$348$187$98$50
47 years$1,045$598$327$173$89$45
48 years$1,012$571$307$159$81$40
49 years$980$545$289$147$73$36
50 years$949$521$272$136$67$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $972,000, adding $2,277 every year, while hoping to spend $40,810 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: 41/40/19 Blend
50$972,000$972,000$972,000$972,000
51$1,073,493$1,021,977$1,006,911$1,111,410
52$1,139,567$1,028,632$997,221$1,145,256
53$1,211,014$1,034,246$985,838$1,177,750
54$1,288,337$1,038,724$972,664$1,212,074
55$1,372,092$1,041,966$957,592$1,248,415
56$1,462,889$1,043,865$940,515$1,286,985
57$1,561,399$1,044,310$921,317$1,328,015
58$1,668,359$1,043,179$899,879$1,371,766
59$1,784,582$1,040,345$876,075$1,418,526
60$1,910,960$1,035,672$849,775$1,468,616
61$2,048,476$1,029,018$820,840$1,522,394
62$2,198,210$1,020,230$789,128$1,580,254
63$2,361,352$1,009,145$754,488$1,642,639
64$2,539,211$995,594$716,764$1,710,035
65$2,733,226$979,394$675,792$1,782,987
66$2,944,985$960,354$631,400$1,862,096
67$3,176,231$938,269$583,410$1,948,030
68$3,428,886$912,924$531,634$2,041,531
69$3,705,066$884,091$475,877$2,143,419
70$4,007,098$851,527$415,935$2,254,607
71$4,337,548$814,977$351,594$2,376,102
72$4,699,237$774,171$282,632$2,509,024
73$5,095,276$728,822$208,817$2,654,611
74$5,529,087$678,627$129,905$2,814,236
75$6,004,441$623,267$45,644$2,989,419
76$6,525,490$562,402$0$3,181,841
77$7,096,806$495,677$0$3,402,342
78$7,723,427$422,711$0$3,654,464
79$8,410,900$343,107$0$3,931,282
80$9,165,335$256,443$0$4,235,380
81$9,993,462$162,272$0$4,569,611
82$10,902,697$60,124$0$4,937,128
83$11,901,205$0$0$5,341,412
84$12,997,984$0$0$5,808,533
85$14,202,944$0$0$6,350,935
86$15,527,004$0$0$6,947,086
87$16,982,192$0$0$7,602,416
88$18,581,759$0$0$8,322,913
89$20,340,304$0$0$9,115,169
90$22,273,912$0$0$9,986,449
91$24,400,304$0$0$10,944,759
92$26,739,003$0$0$11,998,917
93$29,311,519$0$0$13,158,639
94$32,141,555$0$0$14,434,631
95$35,255,222$0$0$15,838,690
96$38,681,292$0$0$17,383,812
97$42,451,469$0$0$19,084,318
98$46,600,681$0$0$20,955,988
99$51,167,416$0$0$23,016,207
100$56,194,082$0$0$25,284,135