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%14.8%
1 years$81,258$80,534$79,828$79,139$78,466$76,913
2 years$40,227$39,477$38,751$38,047$37,365$35,807
3 years$26,551$25,799$25,075$24,377$23,706$22,191
4 years$19,715$18,965$18,248$17,562$16,907$15,448
5 years$15,614$14,869$14,161$13,490$12,852$11,453
6 years$12,881$12,141$11,444$10,788$10,170$8,831
7 years$10,930$10,196$9,510$8,869$8,271$6,993
8 years$9,467$8,740$8,065$7,440$6,861$5,644
9 years$8,330$7,610$6,947$6,337$5,778$4,621
10 years$7,421$6,708$6,056$5,463$4,923$3,825
11 years$6,678$5,972$5,332$4,754$4,234$3,194
12 years$6,059$5,360$4,732$4,170$3,669$2,685
13 years$5,535$4,844$4,228$3,682$3,200$2,270
14 years$5,087$4,403$3,799$3,268$2,805$1,928
15 years$4,699$4,022$3,430$2,915$2,470$1,643
16 years$4,359$3,690$3,109$2,610$2,183$1,405
17 years$4,060$3,398$2,829$2,345$1,935$1,205
18 years$3,795$3,140$2,583$2,113$1,721$1,035
19 years$3,558$2,910$2,365$1,909$1,534$891
20 years$3,344$2,704$2,170$1,729$1,370$769
21 years$3,152$2,519$1,996$1,569$1,226$664
22 years$2,977$2,351$1,840$1,427$1,099$574
23 years$2,817$2,199$1,699$1,300$986$497
24 years$2,671$2,061$1,571$1,185$887$430
25 years$2,537$1,934$1,455$1,083$798$373
26 years$2,413$1,817$1,349$990$719$324
27 years$2,299$1,710$1,253$906$648$281
28 years$2,193$1,612$1,165$830$585$244
29 years$2,095$1,520$1,084$761$528$212
30 years$2,003$1,436$1,010$699$477$184
31 years$1,917$1,357$941$642$431$160
32 years$1,837$1,284$878$590$390$139
33 years$1,762$1,216$820$542$353$121
34 years$1,692$1,153$766$499$320$105
35 years$1,625$1,093$716$459$290$92
36 years$1,563$1,038$670$423$262$80
37 years$1,504$986$627$390$238$69
38 years$1,448$937$587$359$216$60
39 years$1,395$891$550$331$195$53
40 years$1,345$847$516$305$177$46
41 years$1,298$807$484$282$161$40
42 years$1,253$768$454$260$146$35
43 years$1,210$732$426$240$132$30
44 years$1,169$698$400$222$120$26
45 years$1,130$665$375$205$109$23
46 years$1,093$635$352$189$99$20
47 years$1,058$606$331$175$90$17
48 years$1,024$578$311$161$82$15
49 years$992$552$292$149$74$13
50 years$961$528$275$138$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $984,000, adding $4,142 every year, while hoping to spend $41,080 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: 52/18/30 Blend
50$984,000$984,000$984,000$984,000
51$1,088,640$1,036,488$1,021,236$1,135,871
52$1,155,973$1,043,568$1,011,739$1,176,298
53$1,228,797$1,049,617$1,000,547$1,215,800
54$1,307,628$1,054,542$987,559$1,257,979
55$1,393,035$1,058,244$972,672$1,303,109
56$1,485,643$1,060,616$955,774$1,351,495
57$1,586,138$1,061,546$936,752$1,403,472
58$1,695,276$1,060,913$915,485$1,459,415
59$1,813,887$1,058,591$891,847$1,519,736
60$1,942,887$1,054,445$865,707$1,584,893
61$2,083,279$1,048,331$836,926$1,655,392
62$2,236,171$1,040,097$805,361$1,731,795
63$2,402,781$1,029,582$770,861$1,814,722
64$2,584,449$1,016,616$733,269$1,904,860
65$2,782,649$1,001,016$692,420$2,002,970
66$2,999,005$982,591$648,141$2,109,891
67$3,235,304$961,139$600,254$2,226,555
68$3,493,513$936,442$548,571$2,353,989
69$3,775,798$908,275$492,894$2,493,331
70$4,084,543$876,394$433,020$2,645,838
71$4,422,374$840,545$368,734$2,812,901
72$4,792,181$800,457$299,812$2,996,055
73$5,197,149$755,845$226,021$3,197,000
74$5,640,783$706,406$147,118$3,417,610
75$6,126,944$651,821$62,847$3,659,961
76$6,659,883$591,751$0$3,926,341
77$7,244,284$525,839$0$4,227,952
78$7,885,304$453,709$0$4,580,951
79$8,588,624$374,960$0$4,968,378
80$9,360,503$289,171$0$5,393,739
81$10,207,831$195,898$0$5,860,899
82$11,138,203$94,670$0$6,374,119
83$12,159,982$0$0$6,938,098
84$13,282,380$0$0$7,560,989
85$14,515,550$0$0$8,266,058
86$15,870,671$0$0$9,040,961
87$17,360,062$0$0$9,892,754
88$18,997,294$0$0$10,829,213
89$20,797,319$0$0$11,858,904
90$22,776,610$0$0$12,991,265
91$24,953,313$0$0$14,236,692
92$27,347,426$0$0$15,606,644
93$29,980,977$0$0$17,113,742
94$32,878,240$0$0$18,771,893
95$36,065,959$0$0$20,596,421
96$39,573,600$0$0$22,604,209
97$43,433,632$0$0$24,813,861
98$47,681,828$0$0$27,245,873
99$52,357,606$0$0$29,922,833
100$57,504,399$0$0$32,869,626