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%14.1%
1 years$81,010$80,288$79,584$78,897$78,226$76,899
2 years$40,104$39,357$38,633$37,931$37,251$35,917
3 years$26,470$25,720$24,998$24,303$23,633$22,336
4 years$19,655$18,907$18,192$17,509$16,855$15,603
5 years$15,567$14,823$14,118$13,449$12,813$11,610
6 years$12,842$12,104$11,409$10,755$10,139$8,987
7 years$10,897$10,165$9,481$8,842$8,245$7,144
8 years$9,438$8,714$8,041$7,418$6,840$5,790
9 years$8,305$7,587$6,926$6,318$5,761$4,760
10 years$7,398$6,687$6,038$5,446$4,908$3,957
11 years$6,657$5,953$5,316$4,740$4,221$3,319
12 years$6,040$5,343$4,718$4,157$3,658$2,803
13 years$5,518$4,829$4,215$3,670$3,190$2,380
14 years$5,071$4,389$3,787$3,258$2,796$2,031
15 years$4,684$4,010$3,419$2,906$2,462$1,740
16 years$4,346$3,679$3,100$2,602$2,176$1,495
17 years$4,048$3,388$2,821$2,338$1,929$1,288
18 years$3,783$3,131$2,575$2,107$1,716$1,113
19 years$3,547$2,902$2,357$1,904$1,529$963
20 years$3,334$2,696$2,163$1,724$1,366$835
21 years$3,142$2,511$1,990$1,565$1,222$725
22 years$2,968$2,344$1,834$1,423$1,096$630
23 years$2,808$2,193$1,693$1,296$983$548
24 years$2,663$2,054$1,566$1,182$884$478
25 years$2,529$1,928$1,451$1,079$795$416
26 years$2,406$1,812$1,345$987$716$363
27 years$2,292$1,705$1,249$903$646$317
28 years$2,186$1,607$1,161$828$583$277
29 years$2,088$1,516$1,081$759$526$242
30 years$1,997$1,432$1,007$696$476$211
31 years$1,912$1,353$938$640$430$185
32 years$1,832$1,280$876$588$389$162
33 years$1,757$1,213$818$541$352$141
34 years$1,687$1,149$764$497$319$124
35 years$1,620$1,090$714$458$289$108
36 years$1,558$1,035$668$422$262$95
37 years$1,499$983$625$389$237$83
38 years$1,444$934$586$358$215$73
39 years$1,391$888$549$330$195$64
40 years$1,341$845$514$305$177$56
41 years$1,294$804$482$281$160$49
42 years$1,249$766$452$259$146$43
43 years$1,206$730$424$239$132$37
44 years$1,166$696$398$221$120$33
45 years$1,127$663$374$204$109$29
46 years$1,090$633$351$189$99$25
47 years$1,055$604$330$174$90$22
48 years$1,021$577$310$161$81$19
49 years$989$551$292$149$74$17
50 years$958$526$274$138$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $981,000, adding $5,723 every year, while hoping to spend $44,122 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: 59/20/21 Blend
50$981,000$981,000$981,000$981,000
51$1,086,965$1,034,972$1,019,767$1,144,731
52$1,150,890$1,038,740$1,006,983$1,188,380
53$1,219,857$1,041,214$992,293$1,230,665
54$1,294,333$1,042,284$975,585$1,275,803
55$1,374,832$1,041,833$956,744$1,324,080
56$1,461,918$1,039,737$935,649$1,375,809
57$1,556,214$1,035,864$912,174$1,431,339
58$1,658,401$1,030,075$886,184$1,491,057
59$1,769,229$1,022,220$857,543$1,555,388
60$1,889,525$1,012,143$826,106$1,624,807
61$2,020,196$999,678$791,720$1,699,834
62$2,162,241$984,646$754,227$1,781,048
63$2,316,757$966,862$713,461$1,869,088
64$2,484,954$946,126$669,250$1,964,661
65$2,668,162$922,228$621,412$2,068,548
66$2,867,844$894,947$569,759$2,181,613
67$3,085,610$864,046$514,092$2,304,812
68$3,323,234$829,275$454,206$2,439,199
69$3,582,667$790,373$389,884$2,585,942
70$3,866,056$747,058$320,903$2,746,331
71$4,175,767$699,037$247,026$2,921,789
72$4,514,402$645,997$168,008$3,113,891
73$4,884,828$587,609$83,594$3,324,376
74$5,290,202$523,523$0$3,555,164
75$5,733,998$453,371$0$3,809,834
76$6,220,044$376,763$0$4,109,356
77$6,752,553$293,290$0$4,437,634
78$7,336,167$202,515$0$4,797,594
79$7,975,998$103,979$0$5,192,463
80$8,677,675$0$0$5,625,798
81$9,447,399$0$0$6,102,141
82$10,292,000$0$0$6,650,012
83$11,219,000$0$0$7,251,417
84$12,236,687$0$0$7,911,744
85$13,354,188$0$0$8,636,925
86$14,581,560$0$0$9,433,498
87$15,929,878$0$0$10,308,663
88$17,411,347$0$0$11,270,352
89$19,039,408$0$0$12,327,306
90$20,828,874$0$0$13,489,151
91$22,796,059$0$0$14,766,494
92$24,958,940$0$0$16,171,022
93$27,337,323$0$0$17,715,610
94$29,953,026$0$0$19,414,443
95$32,830,091$0$0$21,283,150
96$35,995,005$0$0$23,338,951
97$39,476,952$0$0$25,600,818
98$43,308,087$0$0$28,089,657
99$47,523,839$0$0$30,828,500
100$52,163,245$0$0$33,842,727