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%12%
1 years$81,340$80,616$79,909$79,219$78,545$77,887
2 years$40,268$39,518$38,791$38,086$37,403$36,739
3 years$26,578$25,825$25,100$24,402$23,730$23,082
4 years$19,735$18,984$18,267$17,580$16,924$16,297
5 years$15,630$14,884$14,176$13,503$12,866$12,260
6 years$12,895$12,154$11,456$10,799$10,180$9,598
7 years$10,941$10,207$9,520$8,878$8,279$7,720
8 years$9,477$8,749$8,074$7,448$6,868$6,332
9 years$8,339$7,618$6,954$6,344$5,784$5,271
10 years$7,429$6,715$6,063$5,468$4,928$4,438
11 years$6,684$5,978$5,337$4,759$4,239$3,771
12 years$6,065$5,365$4,737$4,174$3,673$3,227
13 years$5,541$4,849$4,232$3,685$3,203$2,779
14 years$5,092$4,407$3,802$3,271$2,808$2,404
15 years$4,704$4,026$3,433$2,918$2,472$2,089
16 years$4,364$3,694$3,113$2,612$2,185$1,822
17 years$4,065$3,402$2,832$2,347$1,937$1,593
18 years$3,799$3,143$2,586$2,115$1,723$1,397
19 years$3,561$2,913$2,367$1,911$1,535$1,228
20 years$3,348$2,707$2,172$1,731$1,371$1,081
21 years$3,155$2,522$1,998$1,571$1,227$953
22 years$2,980$2,354$1,842$1,428$1,100$842
23 years$2,820$2,202$1,700$1,301$987$745
24 years$2,674$2,063$1,573$1,187$888$659
25 years$2,539$1,936$1,456$1,084$799$584
26 years$2,416$1,819$1,351$991$719$518
27 years$2,301$1,712$1,254$907$649$460
28 years$2,195$1,613$1,166$831$585$408
29 years$2,097$1,522$1,085$762$528$363
30 years$2,005$1,437$1,011$699$477$323
31 years$1,919$1,359$942$642$432$287
32 years$1,839$1,286$879$590$391$255
33 years$1,764$1,218$821$543$353$227
34 years$1,693$1,154$767$499$320$203
35 years$1,627$1,095$717$460$290$180
36 years$1,564$1,039$671$423$263$161
37 years$1,505$987$628$390$238$143
38 years$1,450$938$588$360$216$128
39 years$1,397$892$551$332$196$114
40 years$1,347$848$516$306$177$102
41 years$1,299$808$484$282$161$91
42 years$1,254$769$454$260$146$81
43 years$1,211$733$426$240$133$72
44 years$1,170$698$400$222$120$64
45 years$1,131$666$376$205$109$57
46 years$1,094$635$353$189$99$51
47 years$1,059$606$331$175$90$46
48 years$1,025$579$311$162$82$41
49 years$993$553$293$149$74$36
50 years$962$528$275$138$67$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $985,000, adding $5,717 every year, while hoping to spend $52,386 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: 51/25/24 Blend
50$985,000$985,000$985,000$985,000
51$1,091,367$1,039,162$1,023,895$1,139,431
52$1,146,948$1,034,343$1,002,457$1,168,544
53$1,206,443$1,027,531$978,545$1,194,391
54$1,270,195$1,018,575$952,021$1,221,424
55$1,338,582$1,007,312$922,741$1,249,777
56$1,412,017$993,570$890,552$1,279,601
57$1,490,955$977,168$855,298$1,311,063
58$1,575,894$957,911$816,812$1,344,353
59$1,667,382$935,595$774,923$1,379,681
60$1,766,021$910,005$729,448$1,417,285
61$1,872,470$880,911$680,200$1,457,429
62$1,987,456$848,070$626,981$1,500,409
63$2,111,777$811,225$569,585$1,546,554
64$2,246,309$770,106$507,797$1,596,232
65$2,392,016$724,424$441,391$1,649,855
66$2,549,957$673,877$370,133$1,707,880
67$2,721,297$618,142$293,778$1,770,818
68$2,907,319$556,880$212,069$1,839,235
69$3,109,431$489,733$124,738$1,913,764
70$3,329,184$416,320$31,508$1,995,107
71$3,568,283$336,242$0$2,084,046
72$3,828,605$249,076$0$2,198,860
73$4,112,216$154,373$0$2,332,845
74$4,421,387$51,662$0$2,479,078
75$4,758,620$0$0$2,638,832
76$5,126,667$0$0$2,829,901
77$5,528,560$0$0$3,054,154
78$5,967,633$0$0$3,299,252
79$6,447,559$0$0$3,567,257
80$6,972,381$0$0$3,860,441
81$7,546,551$0$0$4,181,304
82$8,174,971$0$0$4,532,598
83$8,863,037$0$0$4,917,355
84$9,616,694$0$0$5,338,914
85$10,442,487$0$0$5,800,952
86$11,347,626$0$0$6,307,518
87$12,340,048$0$0$6,863,072
88$13,428,499$0$0$7,472,526
89$14,622,610$0$0$8,141,292
90$15,932,989$0$0$8,875,328
91$17,371,320$0$0$9,681,200
92$18,950,477$0$0$10,566,140
93$20,684,636$0$0$11,538,114
94$22,589,418$0$0$12,605,897
95$24,682,029$0$0$13,779,157
96$26,981,424$0$0$15,068,545
97$29,508,484$0$0$16,485,793
98$32,286,216$0$0$18,043,829
99$35,339,964$0$0$19,756,894
100$38,697,651$0$0$21,640,678