Can I retire at age 51 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$81,010$80,288$79,584$78,897$78,226$77,799
2 years$40,104$39,357$38,633$37,931$37,251$36,819
3 years$26,470$25,720$24,998$24,303$23,633$23,211
4 years$19,655$18,907$18,192$17,509$16,855$16,446
5 years$15,567$14,823$14,118$13,449$12,813$12,418
6 years$12,842$12,104$11,409$10,755$10,139$9,758
7 years$10,897$10,165$9,481$8,842$8,245$7,879
8 years$9,438$8,714$8,041$7,418$6,840$6,489
9 years$8,305$7,587$6,926$6,318$5,761$5,424
10 years$7,398$6,687$6,038$5,446$4,908$4,586
11 years$6,657$5,953$5,316$4,740$4,221$3,913
12 years$6,040$5,343$4,718$4,157$3,658$3,364
13 years$5,518$4,829$4,215$3,670$3,190$2,909
14 years$5,071$4,389$3,787$3,258$2,796$2,529
15 years$4,684$4,010$3,419$2,906$2,462$2,208
16 years$4,346$3,679$3,100$2,602$2,176$1,934
17 years$4,048$3,388$2,821$2,338$1,929$1,700
18 years$3,783$3,131$2,575$2,107$1,716$1,498
19 years$3,547$2,902$2,357$1,904$1,529$1,323
20 years$3,334$2,696$2,163$1,724$1,366$1,171
21 years$3,142$2,511$1,990$1,565$1,222$1,038
22 years$2,968$2,344$1,834$1,423$1,096$921
23 years$2,808$2,193$1,693$1,296$983$819
24 years$2,663$2,054$1,566$1,182$884$729
25 years$2,529$1,928$1,451$1,079$795$650
26 years$2,406$1,812$1,345$987$716$579
27 years$2,292$1,705$1,249$903$646$517
28 years$2,186$1,607$1,161$828$583$462
29 years$2,088$1,516$1,081$759$526$413
30 years$1,997$1,432$1,007$696$476$369
31 years$1,912$1,353$938$640$430$330
32 years$1,832$1,280$876$588$389$296
33 years$1,757$1,213$818$541$352$265
34 years$1,687$1,149$764$497$319$237
35 years$1,620$1,090$714$458$289$212
36 years$1,558$1,035$668$422$262$190
37 years$1,499$983$625$389$237$171
38 years$1,444$934$586$358$215$153
39 years$1,391$888$549$330$195$137
40 years$1,341$845$514$305$177$123
41 years$1,294$804$482$281$160$110
42 years$1,249$766$452$259$146$99
43 years$1,206$730$424$239$132$89
44 years$1,166$696$398$221$120$80
45 years$1,127$663$374$204$109$72
46 years$1,090$633$351$189$99$64
47 years$1,055$604$330$174$90$58
48 years$1,021$577$310$161$81$52
49 years$989$551$292$149$74$47
50 years$958$526$274$138$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $981,000, adding $6,807 every year, while hoping to spend $28,857 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: 68/9/23 Blend
50$981,000$981,000$981,000$981,000
51$1,088,083$1,036,090$1,020,885$1,155,281
52$1,168,364$1,056,155$1,024,381$1,221,239
53$1,255,867$1,076,236$1,027,027$1,289,414
54$1,351,297$1,096,303$1,028,764$1,363,314
55$1,455,431$1,116,325$1,029,530$1,443,504
56$1,569,127$1,136,266$1,029,260$1,530,608
57$1,693,324$1,156,089$1,027,887$1,625,310
58$1,829,059$1,175,754$1,025,338$1,728,368
59$1,977,475$1,195,218$1,021,538$1,840,614
60$2,139,828$1,214,433$1,016,410$1,962,968
61$2,317,501$1,233,351$1,009,870$2,096,441
62$2,512,018$1,251,917$1,001,833$2,242,151
63$2,725,057$1,270,074$992,207$2,401,328
64$2,958,465$1,287,761$980,899$2,575,327
65$3,214,278$1,304,911$967,809$2,765,645
66$3,494,737$1,321,454$952,833$2,973,929
67$3,802,309$1,337,314$935,862$3,201,997
68$4,139,714$1,352,411$916,782$3,451,850
69$4,509,945$1,366,660$895,475$3,725,696
70$4,916,301$1,379,968$871,815$4,025,969
71$5,362,416$1,392,238$845,672$4,355,351
72$5,852,290$1,403,366$816,910$4,716,799
73$6,390,334$1,413,240$785,387$5,113,573
74$6,981,402$1,421,744$750,952$5,549,265
75$7,630,846$1,428,751$713,450$6,027,835
76$8,344,560$1,434,127$672,718$6,553,650
77$9,129,037$1,437,731$628,586$7,131,521
78$9,991,430$1,439,411$580,875$7,766,753
79$10,939,621$1,439,007$529,399$8,465,192
80$11,982,294$1,436,349$473,965$9,233,283
81$13,129,014$1,431,257$414,369$10,078,129
82$14,390,321$1,423,537$350,399$11,007,562
83$15,777,830$1,412,986$281,833$12,030,211
84$17,304,336$1,399,389$208,441$13,155,590
85$18,983,936$1,382,517$129,982$14,394,184
86$20,832,163$1,362,126$46,202$15,757,551
87$22,866,133$1,337,960$0$17,258,430
88$25,104,705$1,309,746$0$18,921,465
89$27,568,657$1,277,196$0$20,764,317
90$30,280,886$1,240,004$0$22,792,765
91$33,266,618$1,197,846$0$25,025,683
92$36,553,654$1,150,381$0$27,483,868
93$40,172,623$1,097,246$0$30,190,240
94$44,157,278$1,038,059$0$33,170,054
95$48,544,809$972,413$0$36,451,141
96$53,376,198$899,880$0$40,064,170
97$58,696,604$820,007$0$44,042,937
98$64,555,786$732,316$0$48,424,684
99$71,008,576$636,300$0$53,250,453
100$78,115,397$531,424$0$58,565,470