Can I retire at age 51 with 984,000?

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 $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%11.2%
1 years$81,258$80,534$79,828$79,139$78,466$78,069
2 years$40,227$39,477$38,751$38,047$37,365$36,965
3 years$26,551$25,799$25,075$24,377$23,706$23,314
4 years$19,715$18,965$18,248$17,562$16,907$16,528
5 years$15,614$14,869$14,161$13,490$12,852$12,486
6 years$12,881$12,141$11,444$10,788$10,170$9,816
7 years$10,930$10,196$9,510$8,869$8,271$7,931
8 years$9,467$8,740$8,065$7,440$6,861$6,535
9 years$8,330$7,610$6,947$6,337$5,778$5,465
10 years$7,421$6,708$6,056$5,463$4,923$4,624
11 years$6,678$5,972$5,332$4,754$4,234$3,948
12 years$6,059$5,360$4,732$4,170$3,669$3,396
13 years$5,535$4,844$4,228$3,682$3,200$2,939
14 years$5,087$4,403$3,799$3,268$2,805$2,556
15 years$4,699$4,022$3,430$2,915$2,470$2,233
16 years$4,359$3,690$3,109$2,610$2,183$1,958
17 years$4,060$3,398$2,829$2,345$1,935$1,722
18 years$3,795$3,140$2,583$2,113$1,721$1,518
19 years$3,558$2,910$2,365$1,909$1,534$1,342
20 years$3,344$2,704$2,170$1,729$1,370$1,188
21 years$3,152$2,519$1,996$1,569$1,226$1,054
22 years$2,977$2,351$1,840$1,427$1,099$937
23 years$2,817$2,199$1,699$1,300$986$833
24 years$2,671$2,061$1,571$1,185$887$742
25 years$2,537$1,934$1,455$1,083$798$662
26 years$2,413$1,817$1,349$990$719$591
27 years$2,299$1,710$1,253$906$648$528
28 years$2,193$1,612$1,165$830$585$472
29 years$2,095$1,520$1,084$761$528$422
30 years$2,003$1,436$1,010$699$477$377
31 years$1,917$1,357$941$642$431$338
32 years$1,837$1,284$878$590$390$303
33 years$1,762$1,216$820$542$353$271
34 years$1,692$1,153$766$499$320$243
35 years$1,625$1,093$716$459$290$218
36 years$1,563$1,038$670$423$262$196
37 years$1,504$986$627$390$238$176
38 years$1,448$937$587$359$216$158
39 years$1,395$891$550$331$195$141
40 years$1,345$847$516$305$177$127
41 years$1,298$807$484$282$161$114
42 years$1,253$768$454$260$146$102
43 years$1,210$732$426$240$132$92
44 years$1,169$698$400$222$120$83
45 years$1,130$665$375$205$109$74
46 years$1,093$635$352$189$99$67
47 years$1,058$606$331$175$90$60
48 years$1,024$578$311$161$82$54
49 years$992$552$292$149$74$48
50 years$961$528$275$138$67$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $984,000, adding $6,389 every year, while hoping to spend $35,859 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: 52/40/8 Blend
50$984,000$984,000$984,000$984,000
51$1,090,958$1,038,806$1,023,554$1,145,177
52$1,164,082$1,051,554$1,019,690$1,195,479
53$1,243,463$1,063,725$1,014,494$1,245,736
54$1,329,701$1,075,252$1,007,884$1,299,537
55$1,423,457$1,086,065$999,774$1,357,226
56$1,525,456$1,096,089$990,074$1,419,179
57$1,636,499$1,105,244$978,687$1,485,814
58$1,757,465$1,113,444$965,516$1,557,589
59$1,889,322$1,120,598$950,456$1,635,014
60$2,033,135$1,126,610$933,399$1,718,649
61$2,190,076$1,131,375$914,229$1,809,114
62$2,361,437$1,134,786$892,829$1,907,092
63$2,548,638$1,136,724$869,073$2,013,338
64$2,753,242$1,137,067$842,831$2,128,686
65$2,976,973$1,135,684$813,965$2,254,057
66$3,221,726$1,132,433$782,335$2,390,466
67$3,489,588$1,127,169$747,789$2,539,036
68$3,782,858$1,119,732$710,172$2,701,006
69$4,104,067$1,109,957$669,321$2,877,741
70$4,456,004$1,097,667$625,065$3,070,752
71$4,841,738$1,082,674$577,226$3,281,705
72$5,264,651$1,064,780$525,618$3,512,439
73$5,728,465$1,043,775$470,047$3,764,983
74$6,237,284$1,019,435$410,309$4,041,578
75$6,795,624$991,525$346,191$4,344,696
76$7,408,463$959,794$277,474$4,677,066
77$8,081,281$923,979$203,924$5,041,699
78$8,820,116$883,799$125,300$5,441,918
79$9,631,621$838,959$41,351$5,881,390
80$10,523,124$789,144$0$6,364,160
81$11,502,695$734,025$0$6,898,811
82$12,579,228$673,251$0$7,490,185
83$13,762,520$606,451$0$8,140,207
84$15,063,365$533,234$0$8,854,898
85$16,493,653$453,188$0$9,640,899
86$18,066,487$365,875$0$10,505,535
87$19,796,299$270,834$0$11,456,882
88$21,698,994$167,577$0$12,503,849
89$23,792,093$55,590$0$13,656,262
90$26,094,902$0$0$14,924,955
91$28,628,692$0$0$16,350,782
92$31,416,900$0$0$17,946,817
93$34,485,350$0$0$19,703,387
94$37,862,495$0$0$21,636,796
95$41,579,688$0$0$23,765,009
96$45,671,474$0$0$26,107,818
97$50,175,918$0$0$28,687,036
98$55,134,963$0$0$31,526,695
99$60,594,824$0$0$34,653,278
100$66,606,429$0$0$38,095,963