Can I retire at age 51 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$81,258$80,534$79,828$79,139$78,466$76,383
2 years$40,227$39,477$38,751$38,047$37,365$35,281
3 years$26,551$25,799$25,075$24,377$23,706$21,686
4 years$19,715$18,965$18,248$17,562$16,907$14,967
5 years$15,614$14,869$14,161$13,490$12,852$10,998
6 years$12,881$12,141$11,444$10,788$10,170$8,402
7 years$10,930$10,196$9,510$8,869$8,271$6,590
8 years$9,467$8,740$8,065$7,440$6,861$5,266
9 years$8,330$7,610$6,947$6,337$5,778$4,268
10 years$7,421$6,708$6,056$5,463$4,923$3,496
11 years$6,678$5,972$5,332$4,754$4,234$2,887
12 years$6,059$5,360$4,732$4,170$3,669$2,400
13 years$5,535$4,844$4,228$3,682$3,200$2,006
14 years$5,087$4,403$3,799$3,268$2,805$1,684
15 years$4,699$4,022$3,430$2,915$2,470$1,419
16 years$4,359$3,690$3,109$2,610$2,183$1,199
17 years$4,060$3,398$2,829$2,345$1,935$1,015
18 years$3,795$3,140$2,583$2,113$1,721$862
19 years$3,558$2,910$2,365$1,909$1,534$733
20 years$3,344$2,704$2,170$1,729$1,370$624
21 years$3,152$2,519$1,996$1,569$1,226$532
22 years$2,977$2,351$1,840$1,427$1,099$454
23 years$2,817$2,199$1,699$1,300$986$387
24 years$2,671$2,061$1,571$1,185$887$331
25 years$2,537$1,934$1,455$1,083$798$283
26 years$2,413$1,817$1,349$990$719$242
27 years$2,299$1,710$1,253$906$648$207
28 years$2,193$1,612$1,165$830$585$178
29 years$2,095$1,520$1,084$761$528$152
30 years$2,003$1,436$1,010$699$477$130
31 years$1,917$1,357$941$642$431$112
32 years$1,837$1,284$878$590$390$96
33 years$1,762$1,216$820$542$353$82
34 years$1,692$1,153$766$499$320$70
35 years$1,625$1,093$716$459$290$60
36 years$1,563$1,038$670$423$262$52
37 years$1,504$986$627$390$238$44
38 years$1,448$937$587$359$216$38
39 years$1,395$891$550$331$195$33
40 years$1,345$847$516$305$177$28
41 years$1,298$807$484$282$161$24
42 years$1,253$768$454$260$146$21
43 years$1,210$732$426$240$132$18
44 years$1,169$698$400$222$120$15
45 years$1,130$665$375$205$109$13
46 years$1,093$635$352$189$99$11
47 years$1,058$606$331$175$90$10
48 years$1,024$578$311$161$82$8
49 years$992$552$292$149$74$7
50 years$961$528$275$138$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $984,000, adding $2,973 every year, while hoping to spend $52,302 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: 52/27/21 Blend
50$984,000$984,000$984,000$984,000
51$1,087,435$1,035,283$1,020,031$1,137,524
52$1,142,704$1,030,363$998,553$1,167,445
53$1,201,858$1,023,448$974,602$1,194,315
54$1,265,238$1,014,387$948,042$1,222,435
55$1,333,217$1,003,017$918,726$1,251,944
56$1,406,206$989,166$886,504$1,282,994
57$1,484,655$972,652$851,219$1,315,759
58$1,569,060$953,281$812,704$1,350,431
59$1,659,962$930,850$770,788$1,387,225
60$1,757,958$905,142$725,289$1,426,385
61$1,863,703$875,927$676,020$1,468,178
62$1,977,917$842,964$622,783$1,512,907
63$2,101,391$805,995$565,372$1,560,906
64$2,234,993$764,749$503,572$1,612,551
65$2,379,679$718,939$437,159$1,668,260
66$2,536,499$668,260$365,897$1,728,497
67$2,706,610$612,392$289,542$1,793,780
68$2,891,280$550,996$207,838$1,864,686
69$3,091,908$483,712$120,517$1,941,856
70$3,310,029$410,160$27,301$2,026,003
71$3,547,336$329,942$0$2,117,920
72$3,805,688$242,633$0$2,234,659
73$4,087,132$147,786$0$2,368,606
74$4,393,921$44,929$0$2,514,793
75$4,728,535$0$0$2,674,500
76$5,093,702$0$0$2,868,879
77$5,492,426$0$0$3,095,789
78$5,928,014$0$0$3,343,773
79$6,404,105$0$0$3,614,916
80$6,924,708$0$0$3,911,513
81$7,494,235$0$0$4,236,091
82$8,117,545$0$0$4,591,433
83$8,799,988$0$0$4,980,602
84$9,547,455$0$0$5,406,973
85$10,366,434$0$0$5,874,262
86$11,264,072$0$0$6,386,562
87$12,248,236$0$0$6,948,379
88$13,327,596$0$0$7,564,679
89$14,511,696$0$0$8,240,930
90$15,811,052$0$0$8,983,155
91$17,237,245$0$0$9,797,989
92$18,803,035$0$0$10,692,740
93$20,522,474$0$0$11,675,460
94$22,411,045$0$0$12,755,017
95$24,485,801$0$0$13,941,182
96$26,765,530$0$0$15,244,718
97$29,270,930$0$0$16,677,482
98$32,024,803$0$0$18,252,540
99$35,052,271$0$0$19,984,283
100$38,381,010$0$0$21,888,569