Can I retire at age 51 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$80,349$79,634$78,935$78,254$77,588$77,197
2 years$39,777$39,036$38,318$37,622$36,947$36,551
3 years$26,255$25,511$24,794$24,105$23,441$23,054
4 years$19,495$18,753$18,044$17,366$16,718$16,343
5 years$15,440$14,703$14,003$13,339$12,709$12,346
6 years$12,737$12,006$11,316$10,667$10,056$9,707
7 years$10,808$10,082$9,404$8,770$8,178$7,842
8 years$9,361$8,642$7,975$7,357$6,785$6,462
9 years$8,237$7,525$6,869$6,267$5,714$5,404
10 years$7,338$6,633$5,989$5,402$4,868$4,572
11 years$6,603$5,905$5,272$4,701$4,187$3,904
12 years$5,991$5,300$4,679$4,124$3,628$3,358
13 years$5,473$4,789$4,180$3,641$3,164$2,906
14 years$5,030$4,353$3,756$3,232$2,773$2,528
15 years$4,646$3,977$3,391$2,882$2,442$2,208
16 years$4,311$3,649$3,075$2,581$2,158$1,936
17 years$4,015$3,360$2,798$2,319$1,914$1,703
18 years$3,752$3,105$2,554$2,090$1,702$1,501
19 years$3,518$2,878$2,338$1,888$1,517$1,327
20 years$3,307$2,674$2,146$1,710$1,355$1,175
21 years$3,116$2,491$1,974$1,552$1,212$1,042
22 years$2,943$2,325$1,819$1,411$1,087$926
23 years$2,786$2,175$1,680$1,285$975$824
24 years$2,641$2,038$1,553$1,172$877$734
25 years$2,509$1,912$1,439$1,070$789$654
26 years$2,386$1,797$1,334$979$711$584
27 years$2,273$1,691$1,239$896$641$522
28 years$2,169$1,594$1,152$821$578$466
29 years$2,071$1,503$1,072$753$522$417
30 years$1,981$1,420$998$691$472$373
31 years$1,896$1,342$931$634$426$334
32 years$1,817$1,270$868$583$386$299
33 years$1,743$1,203$811$536$349$268
34 years$1,673$1,140$758$493$316$241
35 years$1,607$1,081$708$454$286$216
36 years$1,545$1,026$663$418$259$193
37 years$1,487$975$620$385$235$174
38 years$1,432$926$581$355$213$156
39 years$1,380$881$544$328$193$140
40 years$1,330$838$510$302$175$126
41 years$1,283$798$478$279$159$113
42 years$1,239$760$449$257$144$101
43 years$1,196$724$421$237$131$91
44 years$1,156$690$395$219$119$82
45 years$1,118$658$371$202$108$73
46 years$1,081$628$348$187$98$66
47 years$1,046$599$327$173$89$59
48 years$1,013$572$308$160$81$53
49 years$981$546$289$148$73$48
50 years$950$522$272$136$67$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $973,000, adding $5,386 every year, while hoping to spend $45,692 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: 69/16/15 Blend
50$973,000$973,000$973,000$973,000
51$1,077,802$1,026,233$1,011,151$1,148,073
52$1,139,121$1,027,902$996,409$1,197,204
53$1,205,165$1,028,122$979,641$1,244,986
54$1,276,364$1,026,773$960,732$1,296,099
55$1,353,197$1,023,728$939,560$1,350,864
56$1,436,186$1,018,854$915,998$1,409,636
57$1,525,906$1,012,007$889,914$1,472,809
58$1,622,990$1,003,036$861,167$1,540,816
59$1,728,131$991,782$829,612$1,614,136
60$1,842,094$978,073$795,098$1,693,298
61$1,965,719$961,729$757,465$1,778,886
62$2,099,928$942,560$716,546$1,871,544
63$2,245,739$920,364$672,169$1,971,985
64$2,404,269$894,926$624,150$2,080,993
65$2,576,747$866,020$572,302$2,199,437
66$2,764,525$833,405$516,424$2,328,275
67$2,969,093$796,828$456,311$2,468,563
68$3,192,089$756,021$391,745$2,621,469
69$3,435,315$710,699$322,501$2,788,281
70$3,700,755$660,561$248,343$2,970,420
71$3,990,593$605,290$169,024$3,169,458
72$4,307,235$544,550$84,288$3,387,125
73$4,653,326$477,987$0$3,625,333
74$5,031,782$405,224$0$3,887,175
75$5,445,810$325,867$0$4,188,457
76$5,898,944$239,495$0$4,518,290
77$6,395,074$145,668$0$4,879,558
78$6,938,484$43,918$0$5,275,439
79$7,533,891$0$0$5,709,439
80$8,186,493$0$0$6,197,084
81$8,902,010$0$0$6,740,274
82$9,686,745$0$0$7,336,070
83$10,547,641$0$0$7,989,747
84$11,492,342$0$0$8,707,119
85$12,529,272$0$0$9,494,590
86$13,667,707$0$0$10,359,212
87$14,917,866$0$0$11,308,755
88$16,291,008$0$0$12,351,777
89$17,799,532$0$0$13,497,709
90$19,457,102$0$0$14,756,935
91$21,278,767$0$0$16,140,901
92$23,281,109$0$0$17,662,211
93$25,482,395$0$0$19,334,756
94$27,902,750$0$0$21,173,837
95$30,564,348$0$0$23,196,313
96$33,491,618$0$0$25,420,758
97$36,711,474$0$0$27,867,636
98$40,253,574$0$0$30,559,496
99$44,150,589$0$0$33,521,181
100$48,438,521$0$0$36,780,062