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%17.1%
1 years$81,340$80,616$79,909$79,219$78,545$76,276
2 years$40,268$39,518$38,791$38,086$37,403$35,134
3 years$26,578$25,825$25,100$24,402$23,730$21,533
4 years$19,735$18,984$18,267$17,580$16,924$14,817
5 years$15,630$14,884$14,176$13,503$12,866$10,853
6 years$12,895$12,154$11,456$10,799$10,180$8,264
7 years$10,941$10,207$9,520$8,878$8,279$6,459
8 years$9,477$8,749$8,074$7,448$6,868$5,144
9 years$8,339$7,618$6,954$6,344$5,784$4,154
10 years$7,429$6,715$6,063$5,468$4,928$3,390
11 years$6,684$5,978$5,337$4,759$4,239$2,789
12 years$6,065$5,365$4,737$4,174$3,673$2,309
13 years$5,541$4,849$4,232$3,685$3,203$1,922
14 years$5,092$4,407$3,802$3,271$2,808$1,607
15 years$4,704$4,026$3,433$2,918$2,472$1,348
16 years$4,364$3,694$3,113$2,612$2,185$1,134
17 years$4,065$3,402$2,832$2,347$1,937$956
18 years$3,799$3,143$2,586$2,115$1,723$808
19 years$3,561$2,913$2,367$1,911$1,535$684
20 years$3,348$2,707$2,172$1,731$1,371$580
21 years$3,155$2,522$1,998$1,571$1,227$492
22 years$2,980$2,354$1,842$1,428$1,100$418
23 years$2,820$2,202$1,700$1,301$987$355
24 years$2,674$2,063$1,573$1,187$888$302
25 years$2,539$1,936$1,456$1,084$799$257
26 years$2,416$1,819$1,351$991$719$219
27 years$2,301$1,712$1,254$907$649$186
28 years$2,195$1,613$1,166$831$585$159
29 years$2,097$1,522$1,085$762$528$135
30 years$2,005$1,437$1,011$699$477$115
31 years$1,919$1,359$942$642$432$98
32 years$1,839$1,286$879$590$391$84
33 years$1,764$1,218$821$543$353$72
34 years$1,693$1,154$767$499$320$61
35 years$1,627$1,095$717$460$290$52
36 years$1,564$1,039$671$423$263$45
37 years$1,505$987$628$390$238$38
38 years$1,450$938$588$360$216$32
39 years$1,397$892$551$332$196$28
40 years$1,347$848$516$306$177$24
41 years$1,299$808$484$282$161$20
42 years$1,254$769$454$260$146$17
43 years$1,211$733$426$240$133$15
44 years$1,170$698$400$222$120$13
45 years$1,131$666$376$205$109$11
46 years$1,094$635$353$189$99$9
47 years$1,059$606$331$175$90$8
48 years$1,025$579$311$162$82$7
49 years$993$553$293$149$74$6
50 years$962$528$275$138$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $985,000, adding $4,935 every year, while hoping to spend $31,566 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: 55/40/5 Blend
50$985,000$985,000$985,000$985,000
51$1,090,560$1,038,355$1,023,088$1,149,157
52$1,168,212$1,055,649$1,023,775$1,206,506
53$1,252,725$1,072,732$1,023,428$1,264,961
54$1,344,768$1,089,560$1,021,978$1,327,819
55$1,445,074$1,106,088$1,019,353$1,395,501
56$1,554,449$1,122,264$1,015,479$1,468,470
57$1,673,783$1,138,036$1,010,278$1,547,240
58$1,804,054$1,153,344$1,003,667$1,632,375
59$1,946,338$1,168,129$995,561$1,724,497
60$2,101,820$1,182,323$985,868$1,824,291
61$2,271,806$1,195,857$974,495$1,932,516
62$2,457,732$1,208,656$961,342$2,050,004
63$2,661,180$1,220,639$946,306$2,177,677
64$2,883,891$1,231,721$929,278$2,316,547
65$3,127,784$1,241,811$910,145$2,467,735
66$3,394,970$1,250,812$888,787$2,632,472
67$3,687,777$1,258,621$865,081$2,812,120
68$4,008,765$1,265,129$838,896$3,008,179
69$4,360,756$1,270,217$810,096$3,222,302
70$4,746,857$1,273,762$778,539$3,456,313
71$5,170,492$1,275,632$744,075$3,712,225
72$5,635,431$1,275,687$706,550$3,992,256
73$6,145,826$1,273,777$665,801$4,298,852
74$6,706,253$1,269,744$621,658$4,634,710
75$7,321,750$1,263,420$573,942$5,002,805
76$7,997,868$1,254,628$522,469$5,406,419
77$8,740,723$1,243,178$467,045$5,849,167
78$9,557,053$1,228,869$407,467$6,335,040
79$10,454,279$1,211,490$343,523$6,868,435
80$11,440,577$1,190,815$274,993$7,454,203
81$12,524,957$1,166,605$201,646$8,097,692
82$13,717,342$1,138,609$123,241$8,804,799
83$15,028,669$1,106,559$39,527$9,582,027
84$16,470,983$1,070,170$0$10,436,546
85$18,057,560$1,029,145$0$11,378,919
86$19,803,024$983,166$0$12,417,627
87$21,723,487$931,896$0$13,560,185
88$23,836,706$874,982$0$14,817,206
89$26,162,242$812,048$0$16,200,389
90$28,721,649$742,697$0$17,722,632
91$31,538,678$666,510$0$19,398,154
92$34,639,498$583,043$0$21,242,629
93$38,052,943$491,829$0$23,273,339
94$41,810,787$392,372$0$25,509,333
95$45,948,039$284,150$0$27,971,611
96$50,503,276$166,610$0$30,683,323
97$55,519,005$39,170$0$33,669,990
98$61,042,068$0$0$36,959,741
99$67,124,077$0$0$40,627,070
100$73,821,906$0$0$44,684,834