Can I retire at age 51 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$81,340$80,616$79,909$79,219$78,545$75,849
2 years$40,268$39,518$38,791$38,086$37,403$34,713
3 years$26,578$25,825$25,100$24,402$23,730$21,132
4 years$19,735$18,984$18,267$17,580$16,924$14,439
5 years$15,630$14,884$14,176$13,503$12,866$10,498
6 years$12,895$12,154$11,456$10,799$10,180$7,933
7 years$10,941$10,207$9,520$8,878$8,279$6,151
8 years$9,477$8,749$8,074$7,448$6,868$4,858
9 years$8,339$7,618$6,954$6,344$5,784$3,890
10 years$7,429$6,715$6,063$5,468$4,928$3,146
11 years$6,684$5,978$5,337$4,759$4,239$2,565
12 years$6,065$5,365$4,737$4,174$3,673$2,105
13 years$5,541$4,849$4,232$3,685$3,203$1,736
14 years$5,092$4,407$3,802$3,271$2,808$1,437
15 years$4,704$4,026$3,433$2,918$2,472$1,193
16 years$4,364$3,694$3,113$2,612$2,185$994
17 years$4,065$3,402$2,832$2,347$1,937$830
18 years$3,799$3,143$2,586$2,115$1,723$694
19 years$3,561$2,913$2,367$1,911$1,535$581
20 years$3,348$2,707$2,172$1,731$1,371$487
21 years$3,155$2,522$1,998$1,571$1,227$409
22 years$2,980$2,354$1,842$1,428$1,100$343
23 years$2,820$2,202$1,700$1,301$987$289
24 years$2,674$2,063$1,573$1,187$888$243
25 years$2,539$1,936$1,456$1,084$799$204
26 years$2,416$1,819$1,351$991$719$172
27 years$2,301$1,712$1,254$907$649$145
28 years$2,195$1,613$1,166$831$585$122
29 years$2,097$1,522$1,085$762$528$103
30 years$2,005$1,437$1,011$699$477$87
31 years$1,919$1,359$942$642$432$73
32 years$1,839$1,286$879$590$391$62
33 years$1,764$1,218$821$543$353$52
34 years$1,693$1,154$767$499$320$44
35 years$1,627$1,095$717$460$290$37
36 years$1,564$1,039$671$423$263$31
37 years$1,505$987$628$390$238$26
38 years$1,450$938$588$360$216$22
39 years$1,397$892$551$332$196$19
40 years$1,347$848$516$306$177$16
41 years$1,299$808$484$282$161$13
42 years$1,254$769$454$260$146$11
43 years$1,211$733$426$240$133$9
44 years$1,170$698$400$222$120$8
45 years$1,131$666$376$205$109$7
46 years$1,094$635$353$189$99$6
47 years$1,059$606$331$175$90$5
48 years$1,025$579$311$162$82$4
49 years$993$553$293$149$74$3
50 years$962$528$275$138$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $985,000, adding $5,245 every year, while hoping to spend $21,004 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: 41/38/21 Blend
50$985,000$985,000$985,000$985,000
51$1,090,880$1,038,675$1,023,408$1,128,668
52$1,179,802$1,067,222$1,035,344$1,184,688
53$1,277,090$1,096,464$1,046,976$1,242,873
54$1,383,575$1,126,413$1,058,271$1,305,424
55$1,500,172$1,157,080$1,069,196$1,372,751
56$1,627,890$1,188,477$1,079,714$1,445,307
57$1,767,838$1,220,615$1,089,788$1,523,589
58$1,921,238$1,253,507$1,099,377$1,608,146
59$2,089,438$1,287,162$1,108,439$1,699,582
60$2,273,919$1,321,591$1,116,931$1,798,560
61$2,476,315$1,356,806$1,124,804$1,905,814
62$2,698,425$1,392,815$1,132,011$2,022,149
63$2,942,230$1,429,629$1,138,499$2,148,452
64$3,209,914$1,467,256$1,144,215$2,285,703
65$3,503,879$1,505,706$1,149,100$2,434,979
66$3,826,775$1,544,986$1,153,096$2,597,466
67$4,181,521$1,585,104$1,156,138$2,774,473
68$4,571,329$1,626,068$1,158,162$2,967,439
69$4,999,741$1,667,882$1,159,097$3,177,954
70$5,470,659$1,710,552$1,158,871$3,407,764
71$5,988,380$1,754,083$1,157,407$3,658,798
72$6,557,639$1,798,478$1,154,625$3,933,180
73$7,183,654$1,843,739$1,150,441$4,233,248
74$7,872,173$1,889,868$1,144,766$4,561,582
75$8,629,527$1,936,864$1,137,509$4,921,022
76$9,462,695$1,984,727$1,128,572$5,314,701
77$10,379,364$2,033,453$1,117,853$5,746,067
78$11,388,005$2,083,038$1,105,247$6,218,924
79$12,497,951$2,133,476$1,090,642$6,737,462
80$13,719,485$2,184,759$1,073,921$7,306,298
81$15,063,937$2,236,877$1,054,963$7,930,523
82$16,543,794$2,289,819$1,033,639$8,615,744
83$18,172,810$2,343,570$1,009,815$9,368,142
84$19,966,146$2,398,113$983,353$10,194,530
85$21,940,502$2,453,430$954,104$11,102,414
86$24,114,283$2,509,498$921,917$12,100,068
87$26,507,770$2,566,293$886,631$13,196,611
88$29,143,307$2,623,787$848,078$14,402,091
89$32,045,520$2,681,948$806,084$15,727,584
90$35,241,541$2,740,741$760,465$17,185,295
91$38,761,268$2,800,127$711,031$18,788,676
92$42,637,647$2,860,063$657,581$20,552,552
93$46,906,983$2,920,503$599,906$22,493,263
94$51,609,281$2,981,393$537,788$24,628,815
95$56,788,624$3,042,677$471,000$26,979,053
96$62,493,588$3,104,292$399,303$29,565,851
97$68,777,703$3,166,172$322,448$32,413,312
98$75,699,955$3,228,241$240,177$35,548,002
99$83,325,345$3,290,420$152,218$38,999,199
100$91,725,501$3,352,621$58,288$42,799,170