Can I retire at age 51 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$80,515$79,797$79,098$78,415$77,748$76,586
2 years$39,859$39,116$38,397$37,699$37,023$35,855
3 years$26,309$25,563$24,845$24,154$23,489$22,351
4 years$19,535$18,791$18,081$17,402$16,752$15,654
5 years$15,472$14,733$14,032$13,366$12,735$11,678
6 years$12,764$12,030$11,340$10,689$10,077$9,064
7 years$10,830$10,103$9,423$8,788$8,195$7,226
8 years$9,381$8,660$7,992$7,372$6,799$5,873
9 years$8,254$7,540$6,883$6,279$5,725$4,843
10 years$7,353$6,646$6,001$5,413$4,878$4,038
11 years$6,617$5,917$5,283$4,711$4,196$3,397
12 years$6,003$5,311$4,689$4,132$3,636$2,878
13 years$5,485$4,799$4,189$3,648$3,170$2,452
14 years$5,040$4,362$3,764$3,238$2,779$2,100
15 years$4,656$3,985$3,398$2,888$2,447$1,805
16 years$4,320$3,656$3,081$2,586$2,163$1,556
17 years$4,023$3,367$2,804$2,323$1,918$1,346
18 years$3,760$3,112$2,559$2,094$1,705$1,167
19 years$3,525$2,884$2,343$1,892$1,520$1,014
20 years$3,314$2,680$2,150$1,714$1,357$882
21 years$3,123$2,496$1,978$1,555$1,215$769
22 years$2,949$2,330$1,823$1,414$1,089$671
23 years$2,791$2,179$1,683$1,288$977$586
24 years$2,647$2,042$1,557$1,174$879$512
25 years$2,514$1,916$1,442$1,073$791$448
26 years$2,391$1,801$1,337$981$712$393
27 years$2,278$1,695$1,242$898$642$344
28 years$2,173$1,597$1,154$822$579$302
29 years$2,076$1,507$1,074$754$523$265
30 years$1,985$1,423$1,000$692$473$232
31 years$1,900$1,345$933$636$427$204
32 years$1,820$1,273$870$584$387$179
33 years$1,746$1,205$813$537$350$157
34 years$1,676$1,142$759$494$317$138
35 years$1,610$1,083$710$455$287$121
36 years$1,549$1,028$664$419$260$107
37 years$1,490$977$622$386$236$94
38 years$1,435$928$582$356$214$83
39 years$1,383$883$545$328$194$73
40 years$1,333$840$511$303$176$64
41 years$1,286$799$479$279$159$56
42 years$1,241$761$450$258$145$49
43 years$1,199$725$422$238$131$43
44 years$1,158$691$396$220$119$38
45 years$1,120$659$372$203$108$34
46 years$1,083$629$349$187$98$30
47 years$1,048$600$328$173$89$26
48 years$1,015$573$308$160$81$23
49 years$983$547$290$148$74$20
50 years$952$523$272$137$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $975,000, adding $3,344 every year, while hoping to spend $49,274 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: 55/27/18 Blend
50$975,000$975,000$975,000$975,000
51$1,077,899$1,026,224$1,011,112$1,131,809
52$1,135,418$1,024,082$992,557$1,166,824
53$1,197,152$1,020,184$971,729$1,199,386
54$1,263,479$1,014,391$948,500$1,233,754
55$1,334,815$1,006,556$922,735$1,270,111
56$1,411,614$996,526$894,295$1,308,664
57$1,494,378$984,134$863,033$1,349,642
58$1,583,655$969,207$828,795$1,393,301
59$1,680,048$951,559$791,420$1,439,924
60$1,784,222$930,995$750,742$1,489,827
61$1,896,906$907,306$706,585$1,543,360
62$2,018,900$880,274$658,765$1,600,913
63$2,151,085$849,665$607,091$1,662,917
64$2,294,430$815,233$551,363$1,729,855
65$2,450,001$776,718$491,372$1,802,258
66$2,618,968$733,844$426,900$1,880,718
67$2,802,620$686,320$357,719$1,965,892
68$3,002,375$633,838$283,590$2,058,507
69$3,219,793$576,071$204,266$2,159,371
70$3,456,589$512,676$119,486$2,269,377
71$3,714,653$443,289$28,981$2,389,517
72$3,996,062$367,524$0$2,520,890
73$4,303,103$284,976$0$2,677,696
74$4,638,296$195,216$0$2,855,083
75$5,004,411$97,790$0$3,049,030
76$5,404,499$0$0$3,261,250
77$5,841,920$0$0$3,495,947
78$6,320,372$0$0$3,784,524
79$6,843,927$0$0$4,100,394
80$7,417,070$0$0$4,446,273
81$8,044,737$0$0$4,825,152
82$8,732,367$0$0$5,240,325
83$9,485,948$0$0$5,695,421
84$10,312,075$0$0$6,194,436
85$11,218,011$0$0$6,741,769
86$12,211,758$0$0$7,342,268
87$13,302,126$0$0$8,001,273
88$14,498,821$0$0$8,724,664
89$15,812,536$0$0$9,518,920
90$17,255,047$0$0$10,391,176
91$18,839,328$0$0$11,349,295
92$20,579,669$0$0$12,401,935
93$22,491,816$0$0$13,558,638
94$24,593,111$0$0$14,829,913
95$26,902,664$0$0$16,227,340
96$29,441,523$0$0$17,763,674
97$32,232,883$0$0$19,452,971
98$35,302,293$0$0$21,310,714
99$38,677,905$0$0$23,353,964
100$42,390,735$0$0$25,601,515