Can I retire at age 51 with 982,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$81,093$80,370$79,666$78,978$78,306$76,851
2 years$40,145$39,397$38,673$37,970$37,289$35,828
3 years$26,497$25,747$25,024$24,328$23,657$22,237
4 years$19,675$18,926$18,211$17,527$16,873$15,503
5 years$15,583$14,839$14,132$13,462$12,826$11,512
6 years$12,855$12,117$11,421$10,766$10,149$8,891
7 years$10,908$10,176$9,491$8,851$8,254$7,052
8 years$9,448$8,722$8,049$7,425$6,847$5,702
9 years$8,313$7,594$6,933$6,325$5,767$4,677
10 years$7,406$6,694$6,044$5,452$4,913$3,879
11 years$6,664$5,959$5,321$4,745$4,226$3,244
12 years$6,046$5,349$4,722$4,162$3,662$2,733
13 years$5,524$4,834$4,219$3,674$3,193$2,315
14 years$5,077$4,394$3,791$3,262$2,799$1,970
15 years$4,689$4,014$3,423$2,909$2,465$1,683
16 years$4,351$3,683$3,103$2,604$2,178$1,442
17 years$4,052$3,392$2,824$2,340$1,931$1,239
18 years$3,787$3,134$2,578$2,109$1,717$1,067
19 years$3,550$2,904$2,360$1,906$1,531$921
20 years$3,338$2,699$2,166$1,726$1,367$796
21 years$3,145$2,514$1,992$1,566$1,223$689
22 years$2,971$2,347$1,836$1,424$1,097$597
23 years$2,811$2,195$1,695$1,297$984$518
24 years$2,666$2,056$1,568$1,183$885$450
25 years$2,532$1,930$1,452$1,080$796$391
26 years$2,408$1,814$1,347$988$717$340
27 years$2,294$1,707$1,251$904$647$296
28 years$2,189$1,608$1,163$828$583$257
29 years$2,090$1,517$1,082$760$527$224
30 years$1,999$1,433$1,008$697$476$195
31 years$1,913$1,355$939$640$430$170
32 years$1,834$1,282$877$588$389$148
33 years$1,759$1,214$818$541$352$129
34 years$1,688$1,150$765$498$319$113
35 years$1,622$1,091$715$458$289$98
36 years$1,560$1,036$669$422$262$86
37 years$1,501$984$626$389$237$75
38 years$1,445$935$586$358$215$65
39 years$1,392$889$549$331$195$57
40 years$1,343$846$515$305$177$50
41 years$1,295$805$483$281$161$43
42 years$1,250$767$453$260$146$38
43 years$1,207$731$425$240$132$33
44 years$1,167$696$399$221$120$29
45 years$1,128$664$374$204$109$25
46 years$1,091$633$352$189$99$22
47 years$1,056$605$330$174$90$19
48 years$1,022$577$311$161$82$17
49 years$990$551$292$149$74$15
50 years$959$526$274$138$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $982,000, adding $3,539 every year, while hoping to spend $45,353 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: 67/11/22 Blend
50$982,000$982,000$982,000$982,000
51$1,085,814$1,033,768$1,018,547$1,152,278
52$1,148,312$1,036,168$1,004,414$1,199,695
53$1,215,665$1,037,165$988,286$1,245,996
54$1,288,320$1,036,643$970,051$1,295,560
55$1,366,768$1,034,478$949,587$1,348,710
56$1,451,549$1,030,538$926,769$1,405,800
57$1,543,258$1,024,685$901,466$1,467,224
58$1,642,545$1,016,770$873,541$1,533,413
59$1,750,129$1,006,636$842,849$1,604,847
60$1,866,798$994,117$809,240$1,682,056
61$1,993,420$979,037$772,558$1,765,623
62$2,130,947$961,208$732,637$1,856,193
63$2,280,429$940,433$689,306$1,954,480
64$2,443,020$916,502$642,385$2,061,272
65$2,619,990$889,192$591,687$2,177,436
66$2,812,737$858,270$537,016$2,303,935
67$3,022,797$823,486$478,167$2,441,826
68$3,251,862$784,577$414,925$2,592,282
69$3,501,796$741,265$347,069$2,756,594
70$3,774,648$693,256$274,364$2,936,190
71$4,072,673$640,237$196,567$3,132,643
72$4,398,358$581,880$113,424$3,347,693
73$4,754,436$517,838$24,669$3,583,259
74$5,143,918$447,742$0$3,841,458
75$5,570,120$371,204$0$4,141,071
76$6,036,693$287,813$0$4,475,485
77$6,547,656$197,137$0$4,841,818
78$7,107,438$98,717$0$5,243,288
79$7,720,912$0$0$5,683,436
80$8,393,449$0$0$6,167,129
81$9,130,962$0$0$6,710,717
82$9,939,965$0$0$7,307,059
83$10,827,633$0$0$7,961,450
84$11,801,867$0$0$8,679,726
85$12,871,371$0$0$9,468,311
86$14,045,736$0$0$10,334,285
87$15,335,522$0$0$11,285,444
88$16,752,366$0$0$12,330,379
89$18,309,085$0$0$13,478,552
90$20,019,802$0$0$14,740,389
91$21,900,071$0$0$16,127,375
92$23,967,033$0$0$17,652,163
93$26,239,570$0$0$19,328,692
94$28,738,484$0$0$21,172,322
95$31,486,695$0$0$23,199,973
96$34,509,456$0$0$25,430,289
97$37,834,589$0$0$27,883,811
98$41,492,748$0$0$30,583,170
99$45,517,709$0$0$33,553,303
100$49,946,686$0$0$36,821,685