Can I retire at age 51 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$80,597$79,879$79,179$78,495$77,828$77,047
2 years$39,900$39,156$38,436$37,738$37,061$36,274
3 years$26,336$25,589$24,871$24,179$23,513$22,745
4 years$19,555$18,811$18,100$17,420$16,770$16,027
5 years$15,487$14,748$14,046$13,380$12,748$12,032
6 years$12,777$12,043$11,351$10,700$10,087$9,399
7 years$10,841$10,113$9,433$8,797$8,203$7,543
8 years$9,390$8,669$8,000$7,380$6,806$6,173
9 years$8,262$7,548$6,890$6,286$5,731$5,127
10 years$7,361$6,653$6,007$5,418$4,883$4,306
11 years$6,623$5,923$5,289$4,716$4,200$3,650
12 years$6,009$5,316$4,693$4,136$3,639$3,116
13 years$5,490$4,804$4,193$3,652$3,174$2,676
14 years$5,046$4,367$3,768$3,242$2,782$2,309
15 years$4,661$3,989$3,402$2,891$2,450$2,001
16 years$4,324$3,660$3,084$2,589$2,165$1,740
17 years$4,027$3,371$2,806$2,326$1,920$1,518
18 years$3,764$3,115$2,562$2,096$1,707$1,327
19 years$3,529$2,887$2,345$1,894$1,521$1,163
20 years$3,317$2,682$2,152$1,715$1,359$1,021
21 years$3,126$2,499$1,980$1,557$1,216$898
22 years$2,952$2,332$1,825$1,415$1,090$790
23 years$2,794$2,181$1,685$1,289$978$697
24 years$2,649$2,044$1,558$1,176$879$615
25 years$2,516$1,918$1,443$1,074$791$543
26 years$2,394$1,803$1,338$982$713$480
27 years$2,280$1,697$1,243$899$643$425
28 years$2,175$1,599$1,155$823$580$376
29 years$2,078$1,508$1,075$755$524$333
30 years$1,987$1,424$1,002$693$473$295
31 years$1,902$1,346$934$636$428$262
32 years$1,822$1,274$871$585$387$232
33 years$1,748$1,206$813$538$350$206
34 years$1,678$1,143$760$495$317$183
35 years$1,612$1,085$711$456$287$162
36 years$1,550$1,029$665$420$260$144
37 years$1,492$978$622$387$236$128
38 years$1,436$929$583$356$214$114
39 years$1,384$884$546$329$194$101
40 years$1,334$841$512$303$176$90
41 years$1,287$800$480$280$160$80
42 years$1,243$762$450$258$145$71
43 years$1,200$726$422$238$131$63
44 years$1,160$692$396$220$119$56
45 years$1,121$660$372$203$108$50
46 years$1,084$630$350$188$98$44
47 years$1,049$601$328$173$89$39
48 years$1,016$574$309$160$81$35
49 years$984$548$290$148$74$31
50 years$953$523$273$137$67$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $976,000, adding $6,633 every year, while hoping to spend $43,265 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: 50/27/23 Blend
50$976,000$976,000$976,000$976,000
51$1,082,394$1,030,666$1,015,538$1,129,221
52$1,146,764$1,035,135$1,003,525$1,166,903
53$1,216,251$1,038,373$989,659$1,202,915
54$1,291,329$1,040,274$973,833$1,241,167
55$1,372,522$1,040,725$955,935$1,281,889
56$1,460,406$1,039,607$935,845$1,325,335
57$1,555,612$1,036,792$913,440$1,371,789
58$1,658,836$1,032,146$888,592$1,421,565
59$1,770,842$1,025,526$861,164$1,475,011
60$1,892,471$1,016,780$831,016$1,532,515
61$2,024,647$1,005,747$798,000$1,594,505
62$2,168,389$992,256$761,961$1,661,457
63$2,324,815$976,127$722,737$1,733,898
64$2,495,157$957,169$680,160$1,812,412
65$2,680,770$935,177$634,052$1,897,648
66$2,883,146$909,937$584,230$1,990,321
67$3,103,925$881,223$530,500$2,091,227
68$3,344,915$848,792$472,661$2,201,244
69$3,608,104$812,390$410,503$2,321,347
70$3,895,681$771,748$343,805$2,452,614
71$4,210,057$726,581$272,340$2,596,237
72$4,553,886$676,586$195,866$2,753,536
73$4,930,089$621,445$114,134$2,925,972
74$5,341,883$560,821$26,882$3,115,160
75$5,792,811$494,358$0$3,322,887
76$6,286,775$421,678$0$3,567,382
77$6,828,071$342,385$0$3,842,671
78$7,421,430$256,058$0$4,144,640
79$8,072,065$162,253$0$4,476,033
80$8,785,713$60,502$0$4,839,879
81$9,568,699$0$0$5,239,521
82$10,427,984$0$0$5,693,411
83$11,371,240$0$0$6,211,494
84$12,406,915$0$0$6,780,449
85$13,544,318$0$0$7,405,401
86$14,793,700$0$0$8,091,998
87$16,166,356$0$0$8,846,463
88$17,674,730$0$0$9,675,650
89$19,332,530$0$0$10,587,109
90$21,154,857$0$0$11,589,160
91$23,158,349$0$0$12,690,968
92$25,361,336$0$0$13,902,632
93$27,784,015$0$0$15,235,277
94$30,448,635$0$0$16,701,160
95$33,379,713$0$0$18,313,789
96$36,604,257$0$0$20,088,042
97$40,152,029$0$0$22,040,316
98$44,055,820$0$0$24,188,676
99$48,351,758$0$0$26,553,026
100$53,079,652$0$0$29,155,299