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%18.7%
1 years$80,515$79,797$79,098$78,415$77,748$75,019
2 years$39,859$39,116$38,397$37,699$37,023$34,302
3 years$26,309$25,563$24,845$24,154$23,489$20,862
4 years$19,535$18,791$18,081$17,402$16,752$14,239
5 years$15,472$14,733$14,032$13,366$12,735$10,342
6 years$12,764$12,030$11,340$10,689$10,077$7,806
7 years$10,830$10,103$9,423$8,788$8,195$6,046
8 years$9,381$8,660$7,992$7,372$6,799$4,770
9 years$8,254$7,540$6,883$6,279$5,725$3,814
10 years$7,353$6,646$6,001$5,413$4,878$3,081
11 years$6,617$5,917$5,283$4,711$4,196$2,509
12 years$6,003$5,311$4,689$4,132$3,636$2,056
13 years$5,485$4,799$4,189$3,648$3,170$1,693
14 years$5,040$4,362$3,764$3,238$2,779$1,400
15 years$4,656$3,985$3,398$2,888$2,447$1,161
16 years$4,320$3,656$3,081$2,586$2,163$965
17 years$4,023$3,367$2,804$2,323$1,918$805
18 years$3,760$3,112$2,559$2,094$1,705$672
19 years$3,525$2,884$2,343$1,892$1,520$562
20 years$3,314$2,680$2,150$1,714$1,357$470
21 years$3,123$2,496$1,978$1,555$1,215$394
22 years$2,949$2,330$1,823$1,414$1,089$331
23 years$2,791$2,179$1,683$1,288$977$277
24 years$2,647$2,042$1,557$1,174$879$233
25 years$2,514$1,916$1,442$1,073$791$196
26 years$2,391$1,801$1,337$981$712$165
27 years$2,278$1,695$1,242$898$642$138
28 years$2,173$1,597$1,154$822$579$116
29 years$2,076$1,507$1,074$754$523$98
30 years$1,985$1,423$1,000$692$473$82
31 years$1,900$1,345$933$636$427$69
32 years$1,820$1,273$870$584$387$58
33 years$1,746$1,205$813$537$350$49
34 years$1,676$1,142$759$494$317$41
35 years$1,610$1,083$710$455$287$35
36 years$1,549$1,028$664$419$260$29
37 years$1,490$977$622$386$236$25
38 years$1,435$928$582$356$214$21
39 years$1,383$883$545$328$194$18
40 years$1,333$840$511$303$176$15
41 years$1,286$799$479$279$159$12
42 years$1,241$761$450$258$145$10
43 years$1,199$725$422$238$131$9
44 years$1,158$691$396$220$119$7
45 years$1,120$659$372$203$108$6
46 years$1,083$629$349$187$98$5
47 years$1,048$600$328$173$89$4
48 years$1,015$573$308$160$81$4
49 years$983$547$290$148$74$3
50 years$952$523$272$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $975,000, adding $6,753 every year, while hoping to spend $49,895 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: 47/44/9 Blend
50$975,000$975,000$975,000$975,000
51$1,081,416$1,029,741$1,014,628$1,129,266
52$1,138,632$1,027,110$995,530$1,160,265
53$1,200,013$1,022,678$974,120$1,188,141
54$1,265,929$1,016,304$950,268$1,217,246
55$1,336,789$1,007,839$923,838$1,247,711
56$1,413,042$997,123$894,687$1,279,681
57$1,495,179$983,990$862,666$1,313,320
58$1,583,742$968,259$827,620$1,348,811
59$1,679,324$949,744$789,385$1,386,361
60$1,782,577$928,244$747,792$1,426,198
61$1,894,219$903,547$702,662$1,468,580
62$2,015,038$875,429$653,810$1,513,795
63$2,145,900$843,654$601,040$1,562,165
64$2,287,758$807,969$544,151$1,614,047
65$2,441,659$768,109$482,930$1,669,842
66$2,608,755$723,793$417,155$1,729,997
67$2,790,313$674,725$346,595$1,795,009
68$2,987,728$620,589$271,009$1,865,434
69$3,202,532$561,053$190,144$1,941,888
70$3,436,413$495,768$103,736$2,025,059
71$3,691,227$424,361$11,512$2,115,713
72$3,969,018$346,440$0$2,214,699
73$4,272,034$261,592$0$2,331,310
74$4,602,750$169,378$0$2,459,974
75$4,963,891$69,338$0$2,600,781
76$5,358,456$0$0$2,755,059
77$5,789,746$0$0$2,943,172
78$6,261,396$0$0$3,185,709
79$6,777,409$0$0$3,451,167
80$7,342,192$0$0$3,741,828
81$7,960,598$0$0$4,060,204
82$8,637,970$0$0$4,409,061
83$9,380,195$0$0$4,791,445
84$10,193,752$0$0$5,210,710
85$11,085,781$0$0$5,670,553
86$12,064,143$0$0$6,175,042
87$13,137,498$0$0$6,728,662
88$14,315,384$0$0$7,336,349
89$15,608,306$0$0$8,003,543
90$17,027,839$0$0$8,736,236
91$18,586,729$0$0$9,541,028
92$20,299,021$0$0$10,425,191
93$22,180,185$0$0$11,396,734
94$24,247,263$0$0$12,464,481
95$26,519,032$0$0$13,638,155
96$29,016,175$0$0$14,928,466
97$31,761,481$0$0$16,347,215
98$34,780,056$0$0$17,907,401
99$38,099,562$0$0$19,623,348
100$41,750,473$0$0$21,510,838