Can I retire at age 51 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$80,845$80,125$79,422$78,736$78,067$75,841
2 years$40,022$39,277$38,554$37,854$37,175$34,950
3 years$26,416$25,668$24,947$24,253$23,585$21,431
4 years$19,615$18,869$18,155$17,473$16,821$14,754
5 years$15,535$14,793$14,089$13,421$12,787$10,812
6 years$12,816$12,080$11,386$10,733$10,118$8,238
7 years$10,875$10,145$9,462$8,824$8,229$6,443
8 years$9,419$8,696$8,024$7,402$6,826$5,134
9 years$8,288$7,571$6,911$6,305$5,749$4,148
10 years$7,383$6,674$6,026$5,435$4,898$3,387
11 years$6,644$5,941$5,305$4,730$4,213$2,788
12 years$6,028$5,332$4,708$4,149$3,651$2,311
13 years$5,507$4,819$4,206$3,663$3,183$1,925
14 years$5,061$4,380$3,779$3,252$2,791$1,610
15 years$4,675$4,002$3,412$2,900$2,457$1,352
16 years$4,337$3,671$3,094$2,596$2,172$1,138
17 years$4,040$3,381$2,815$2,333$1,925$960
18 years$3,776$3,124$2,570$2,102$1,712$812
19 years$3,540$2,896$2,353$1,900$1,526$688
20 years$3,327$2,691$2,159$1,721$1,363$583
21 years$3,136$2,506$1,986$1,562$1,220$495
22 years$2,961$2,340$1,830$1,420$1,093$421
23 years$2,803$2,188$1,690$1,293$981$358
24 years$2,657$2,050$1,563$1,179$882$305
25 years$2,524$1,924$1,448$1,077$794$260
26 years$2,401$1,808$1,343$985$715$221
27 years$2,287$1,702$1,247$901$645$189
28 years$2,182$1,604$1,159$826$582$161
29 years$2,084$1,513$1,079$757$525$137
30 years$1,993$1,429$1,005$695$475$117
31 years$1,908$1,351$937$638$429$100
32 years$1,828$1,278$874$587$388$85
33 years$1,753$1,210$816$539$351$73
34 years$1,683$1,147$762$496$318$62
35 years$1,617$1,088$713$457$288$53
36 years$1,555$1,033$667$421$261$45
37 years$1,496$981$624$388$237$39
38 years$1,441$932$584$357$214$33
39 years$1,388$886$548$330$194$28
40 years$1,338$843$513$304$176$24
41 years$1,291$803$481$280$160$21
42 years$1,246$764$451$259$145$18
43 years$1,204$728$424$239$132$15
44 years$1,163$694$398$221$120$13
45 years$1,125$662$373$204$109$11
46 years$1,088$632$351$188$99$9
47 years$1,052$603$329$174$90$8
48 years$1,019$575$310$161$81$7
49 years$987$549$291$148$74$6
50 years$956$525$274$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $979,000, adding $5,408 every year, while hoping to spend $26,816 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: 63/12/25 Blend
50$979,000$979,000$979,000$979,000
51$1,084,436$1,032,549$1,017,375$1,145,284
52$1,166,517$1,054,612$1,022,925$1,209,159
53$1,256,071$1,076,857$1,027,762$1,275,453
54$1,353,832$1,099,266$1,031,834$1,347,271
55$1,460,609$1,121,816$1,035,087$1,425,156
56$1,577,291$1,144,484$1,037,462$1,509,708
57$1,704,856$1,167,246$1,038,898$1,601,588
58$1,844,384$1,190,073$1,039,334$1,701,525
59$1,997,061$1,212,937$1,038,702$1,810,322
60$2,164,195$1,235,804$1,036,931$1,928,865
61$2,347,224$1,258,640$1,033,950$2,058,130
62$2,547,734$1,281,406$1,029,681$2,199,192
63$2,767,471$1,304,063$1,024,043$2,353,238
64$3,008,356$1,326,566$1,016,952$2,521,574
65$3,272,508$1,348,867$1,008,319$2,705,644
66$3,562,258$1,370,916$998,052$2,907,034
67$3,880,176$1,392,658$986,054$3,127,497
68$4,229,089$1,414,034$972,223$3,368,964
69$4,612,116$1,434,981$956,452$3,633,562
70$5,032,689$1,455,432$938,630$3,923,638
71$5,494,590$1,475,315$918,640$4,241,778
72$6,001,984$1,494,551$896,361$4,590,834
73$6,559,461$1,513,059$871,664$4,973,948
74$7,172,077$1,530,750$844,416$5,394,585
75$7,845,402$1,547,530$814,477$5,856,564
76$8,585,572$1,563,298$781,701$6,364,095
77$9,399,347$1,577,946$745,934$6,921,818
78$10,294,176$1,591,361$707,019$7,534,848
79$11,278,264$1,603,420$664,786$8,208,826
80$12,360,653$1,613,993$619,062$8,949,965
81$13,551,304$1,622,943$569,665$9,765,118
82$14,861,192$1,630,122$516,404$10,661,837
83$16,302,409$1,635,374$459,079$11,648,445
84$17,888,280$1,638,533$397,484$12,734,119
85$19,633,486$1,639,422$331,400$13,928,974
86$21,554,201$1,637,853$260,601$15,244,155
87$23,668,249$1,633,627$184,851$16,691,953
88$25,995,269$1,626,534$103,902$18,285,911
89$28,556,900$1,616,347$17,496$20,040,957
90$31,376,986$1,602,831$0$21,973,546
91$34,481,800$1,585,731$0$24,121,744
92$37,900,292$1,564,781$0$26,491,888
93$41,664,363$1,539,696$0$29,101,416
94$45,809,164$1,510,177$0$31,974,693
95$50,373,429$1,475,906$0$35,138,570
96$55,399,838$1,436,544$0$38,622,637
97$60,935,422$1,391,736$0$42,459,498
98$67,032,008$1,341,104$0$46,685,088
99$73,746,702$1,284,247$0$51,339,001
100$81,142,434$1,220,744$0$56,464,874