Can I retire at age 51 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$80,927$80,207$79,503$78,817$78,147$77,622
2 years$40,063$39,317$38,594$37,893$37,213$36,683
3 years$26,443$25,694$24,973$24,278$23,609$23,092
4 years$19,635$18,888$18,174$17,491$16,838$16,337
5 years$15,551$14,808$14,104$13,435$12,800$12,316
6 years$12,829$12,092$11,398$10,744$10,128$9,662
7 years$10,886$10,155$9,472$8,833$8,237$7,789
8 years$9,429$8,705$8,033$7,410$6,833$6,404
9 years$8,296$7,579$6,919$6,312$5,755$5,343
10 years$7,391$6,680$6,032$5,441$4,903$4,510
11 years$6,650$5,947$5,310$4,735$4,217$3,841
12 years$6,034$5,338$4,713$4,153$3,654$3,295
13 years$5,513$4,824$4,211$3,667$3,187$2,845
14 years$5,066$4,385$3,783$3,255$2,793$2,468
15 years$4,680$4,006$3,416$2,903$2,460$2,150
16 years$4,342$3,675$3,097$2,599$2,174$1,880
17 years$4,044$3,385$2,818$2,335$1,927$1,649
18 years$3,779$3,128$2,572$2,105$1,714$1,450
19 years$3,543$2,899$2,355$1,902$1,528$1,278
20 years$3,331$2,693$2,161$1,722$1,364$1,128
21 years$3,139$2,509$1,988$1,563$1,221$998
22 years$2,964$2,342$1,832$1,421$1,094$884
23 years$2,806$2,190$1,692$1,294$982$784
24 years$2,660$2,052$1,565$1,181$883$696
25 years$2,527$1,926$1,449$1,078$795$619
26 years$2,403$1,810$1,344$986$716$551
27 years$2,290$1,703$1,248$902$645$490
28 years$2,184$1,605$1,160$827$582$437
29 years$2,086$1,514$1,080$758$526$390
30 years$1,995$1,430$1,006$696$475$348
31 years$1,910$1,352$938$639$430$310
32 years$1,830$1,279$875$587$389$277
33 years$1,755$1,211$817$540$352$247
34 years$1,685$1,148$763$497$318$221
35 years$1,619$1,089$713$457$288$198
36 years$1,556$1,034$667$421$261$177
37 years$1,498$982$625$388$237$158
38 years$1,442$933$585$358$215$141
39 years$1,390$887$548$330$195$126
40 years$1,340$844$514$304$177$113
41 years$1,293$803$482$281$160$101
42 years$1,248$765$452$259$145$91
43 years$1,205$729$424$239$132$81
44 years$1,164$695$398$221$120$73
45 years$1,126$663$374$204$109$65
46 years$1,089$632$351$188$99$58
47 years$1,054$603$330$174$90$52
48 years$1,020$576$310$161$81$47
49 years$988$550$291$149$74$42
50 years$957$525$274$137$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $980,000, adding $2,101 every year, while hoping to spend $52,486 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: 65/8/27 Blend
50$980,000$980,000$980,000$980,000
51$1,082,127$1,030,187$1,014,997$1,144,639
52$1,136,659$1,024,822$993,155$1,181,754
53$1,194,995$1,017,434$968,822$1,216,269
54$1,257,466$1,007,870$941,859$1,252,834
55$1,324,438$995,966$912,121$1,291,657
56$1,396,310$981,547$879,457$1,332,967
57$1,473,521$964,431$843,706$1,377,019
58$1,556,554$944,422$804,704$1,424,096
59$1,645,937$921,313$762,277$1,474,511
60$1,742,252$894,887$716,242$1,528,611
61$1,846,137$864,911$666,411$1,586,781
62$1,958,292$831,141$612,585$1,649,449
63$2,079,488$793,318$554,557$1,717,085
64$2,210,572$751,166$492,111$1,790,214
65$2,352,474$704,397$425,021$1,869,415
66$2,506,218$652,704$353,050$1,955,329
67$2,672,928$595,762$275,953$2,048,666
68$2,853,841$533,229$193,472$2,150,213
69$3,050,318$464,743$105,339$2,260,838
70$3,263,855$389,920$11,272$2,381,503
71$3,496,099$308,357$0$2,513,272
72$3,748,861$219,626$0$2,682,995
73$4,024,133$123,276$0$2,871,433
74$4,324,110$18,831$0$3,076,867
75$4,651,203$0$0$3,300,982
76$5,008,070$0$0$3,553,930
77$5,397,635$0$0$3,831,925
78$5,823,115$0$0$4,135,613
79$6,288,054$0$0$4,467,531
80$6,796,354$0$0$4,830,473
81$7,352,307$0$0$5,227,513
82$7,960,644$0$0$5,662,038
83$8,626,571$0$0$6,137,776
84$9,355,821$0$0$6,658,832
85$10,154,709$0$0$7,229,730
86$11,030,189$0$0$7,855,447
87$11,989,918$0$0$8,541,468
88$13,042,330$0$0$9,293,834
89$14,196,717$0$0$10,119,196
90$15,463,308$0$0$11,024,884
91$16,853,376$0$0$12,018,968
92$18,379,334$0$0$13,110,339
93$20,054,858$0$0$14,308,791
94$21,895,011$0$0$15,625,113
95$23,916,389$0$0$17,071,189
96$26,137,272$0$0$18,660,114
97$28,577,799$0$0$20,406,310
98$31,260,157$0$0$22,325,669
99$34,208,790$0$0$24,435,696
100$37,450,627$0$0$26,755,680