Can I retire at age 51 with 982,000?

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 $982,000?

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$81,093$80,370$79,666$78,978$78,306$76,074
2 years$40,145$39,397$38,673$37,970$37,289$35,057
3 years$26,497$25,747$25,024$24,328$23,657$21,496
4 years$19,675$18,926$18,211$17,527$16,873$14,799
5 years$15,583$14,839$14,132$13,462$12,826$10,845
6 years$12,855$12,117$11,421$10,766$10,149$8,263
7 years$10,908$10,176$9,491$8,851$8,254$6,462
8 years$9,448$8,722$8,049$7,425$6,847$5,149
9 years$8,313$7,594$6,933$6,325$5,767$4,161
10 years$7,406$6,694$6,044$5,452$4,913$3,397
11 years$6,664$5,959$5,321$4,745$4,226$2,797
12 years$6,046$5,349$4,722$4,162$3,662$2,318
13 years$5,524$4,834$4,219$3,674$3,193$1,931
14 years$5,077$4,394$3,791$3,262$2,799$1,615
15 years$4,689$4,014$3,423$2,909$2,465$1,356
16 years$4,351$3,683$3,103$2,604$2,178$1,141
17 years$4,052$3,392$2,824$2,340$1,931$963
18 years$3,787$3,134$2,578$2,109$1,717$814
19 years$3,550$2,904$2,360$1,906$1,531$690
20 years$3,338$2,699$2,166$1,726$1,367$585
21 years$3,145$2,514$1,992$1,566$1,223$497
22 years$2,971$2,347$1,836$1,424$1,097$422
23 years$2,811$2,195$1,695$1,297$984$359
24 years$2,666$2,056$1,568$1,183$885$306
25 years$2,532$1,930$1,452$1,080$796$260
26 years$2,408$1,814$1,347$988$717$222
27 years$2,294$1,707$1,251$904$647$189
28 years$2,189$1,608$1,163$828$583$161
29 years$2,090$1,517$1,082$760$527$138
30 years$1,999$1,433$1,008$697$476$117
31 years$1,913$1,355$939$640$430$100
32 years$1,834$1,282$877$588$389$86
33 years$1,759$1,214$818$541$352$73
34 years$1,688$1,150$765$498$319$62
35 years$1,622$1,091$715$458$289$53
36 years$1,560$1,036$669$422$262$46
37 years$1,501$984$626$389$237$39
38 years$1,445$935$586$358$215$33
39 years$1,392$889$549$331$195$28
40 years$1,343$846$515$305$177$24
41 years$1,295$805$483$281$161$21
42 years$1,250$767$453$260$146$18
43 years$1,207$731$425$240$132$15
44 years$1,167$696$399$221$120$13
45 years$1,128$664$374$204$109$11
46 years$1,091$633$352$189$99$9
47 years$1,056$605$330$174$90$8
48 years$1,022$577$311$161$82$7
49 years$990$551$292$149$74$6
50 years$959$526$274$138$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $982,000, adding $2,308 every year, while hoping to spend $36,646 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: 77/12/11 Blend
50$982,000$982,000$982,000$982,000
51$1,084,545$1,032,499$1,017,278$1,165,690
52$1,156,177$1,044,100$1,012,365$1,231,020
53$1,233,888$1,055,042$1,006,060$1,297,729
54$1,318,258$1,065,253$998,277$1,369,833
55$1,409,928$1,074,657$988,927$1,447,854
56$1,509,599$1,083,174$977,915$1,532,369
57$1,618,047$1,090,718$965,143$1,624,011
58$1,736,122$1,097,198$950,510$1,723,481
59$1,864,762$1,102,515$933,907$1,831,549
60$2,004,996$1,106,568$915,222$1,949,064
61$2,157,961$1,109,244$894,336$2,076,962
62$2,324,904$1,110,428$871,128$2,216,273
63$2,507,200$1,109,996$845,467$2,368,135
64$2,706,363$1,107,814$817,219$2,533,799
65$2,924,059$1,103,744$786,242$2,714,646
66$3,162,122$1,097,636$752,390$2,912,196
67$3,422,571$1,089,333$715,508$3,128,126
68$3,707,630$1,078,667$675,434$3,364,284
69$4,019,748$1,065,461$632,001$3,622,706
70$4,361,621$1,049,527$585,031$3,905,637
71$4,736,218$1,030,666$534,342$4,215,550
72$5,146,810$1,008,667$479,741$4,555,173
73$5,596,999$983,306$421,026$4,927,510
74$6,090,752$954,346$357,989$5,335,874
75$6,632,437$921,537$290,410$5,783,917
76$7,226,867$884,615$218,061$6,275,663
77$7,879,345$843,298$140,702$6,815,548
78$8,595,707$797,289$58,086$7,408,462
79$9,382,388$746,275$0$8,059,793
80$10,246,473$689,923$0$8,779,013
81$11,195,768$627,884$0$9,576,643
82$12,238,871$559,785$0$10,453,108
83$13,385,257$485,236$0$11,416,399
84$14,645,362$403,821$0$12,475,317
85$16,030,683$315,103$0$13,639,566
86$17,553,890$218,620$0$14,919,835
87$19,228,939$113,884$0$16,327,906
88$21,071,205$379$0$17,876,762
89$23,097,632$0$0$19,580,710
90$25,326,885$0$0$21,471,684
91$27,779,530$0$0$23,552,247
92$30,478,228$0$0$25,841,577
93$33,447,947$0$0$28,360,859
94$36,716,197$0$0$31,133,436
95$40,313,290$0$0$34,185,029
96$44,272,625$0$0$37,543,978
97$48,631,006$0$0$41,241,510
98$53,428,982$0$0$45,312,033
99$58,711,236$0$0$49,793,463
100$64,527,005$0$0$54,727,576