Can I retire at age 51 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$81,423$80,698$79,990$79,299$78,625$76,693
2 years$40,308$39,558$38,830$38,125$37,440$35,506
3 years$26,605$25,851$25,126$24,427$23,754$21,877
4 years$19,755$19,004$18,285$17,598$16,941$15,137
5 years$15,646$14,899$14,190$13,517$12,879$11,152
6 years$12,908$12,166$11,468$10,810$10,190$8,543
7 years$10,952$10,217$9,530$8,887$8,288$6,719
8 years$9,487$8,758$8,082$7,455$6,875$5,386
9 years$8,347$7,625$6,961$6,350$5,790$4,378
10 years$7,436$6,721$6,069$5,474$4,933$3,597
11 years$6,691$5,984$5,343$4,764$4,243$2,980
12 years$6,071$5,371$4,742$4,179$3,677$2,486
13 years$5,546$4,853$4,236$3,689$3,206$2,085
14 years$5,097$4,412$3,806$3,275$2,811$1,756
15 years$4,708$4,030$3,437$2,921$2,475$1,485
16 years$4,368$3,698$3,116$2,615$2,187$1,259
17 years$4,069$3,405$2,835$2,350$1,939$1,070
18 years$3,803$3,147$2,588$2,117$1,724$911
19 years$3,565$2,916$2,369$1,913$1,537$778
20 years$3,351$2,710$2,174$1,733$1,373$665
21 years$3,158$2,524$2,000$1,573$1,228$569
22 years$2,983$2,356$1,843$1,430$1,101$487
23 years$2,823$2,204$1,702$1,302$988$418
24 years$2,676$2,065$1,574$1,188$888$358
25 years$2,542$1,938$1,458$1,085$799$308
26 years$2,418$1,821$1,352$992$720$264
27 years$2,304$1,714$1,256$908$649$227
28 years$2,198$1,615$1,167$832$586$195
29 years$2,099$1,524$1,086$763$529$168
30 years$2,007$1,439$1,012$700$478$145
31 years$1,921$1,360$943$643$432$124
32 years$1,841$1,287$880$591$391$107
33 years$1,766$1,219$822$543$354$92
34 years$1,695$1,155$768$500$320$79
35 years$1,629$1,096$718$460$290$68
36 years$1,566$1,040$672$424$263$59
37 years$1,507$988$629$391$238$51
38 years$1,451$939$589$360$216$44
39 years$1,398$893$551$332$196$38
40 years$1,348$849$517$306$178$32
41 years$1,300$808$485$282$161$28
42 years$1,255$770$455$261$146$24
43 years$1,212$734$427$241$133$21
44 years$1,172$699$400$222$120$18
45 years$1,133$667$376$205$109$15
46 years$1,095$636$353$190$99$13
47 years$1,060$607$332$175$90$11
48 years$1,026$579$312$162$82$10
49 years$994$553$293$150$74$9
50 years$963$529$276$138$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $986,000, adding $4,289 every year, while hoping to spend $34,465 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: 54/39/7 Blend
50$986,000$986,000$986,000$986,000
51$1,090,996$1,038,738$1,023,455$1,147,891
52$1,165,607$1,052,966$1,021,070$1,201,084
53$1,246,674$1,066,735$1,017,451$1,254,785
54$1,334,817$1,079,988$1,012,518$1,312,394
55$1,430,722$1,092,662$1,006,191$1,374,286
56$1,535,142$1,104,688$998,385$1,440,877
57$1,648,905$1,115,996$989,009$1,512,623
58$1,772,923$1,126,510$977,970$1,590,029
59$1,908,199$1,136,147$965,171$1,673,652
60$2,055,838$1,144,821$950,507$1,764,107
61$2,217,056$1,152,440$933,871$1,862,072
62$2,393,192$1,158,905$915,151$1,968,294
63$2,585,717$1,164,111$894,229$2,083,599
64$2,796,256$1,167,948$870,982$2,208,899
65$3,026,594$1,170,298$845,279$2,345,198
66$3,278,698$1,171,033$816,987$2,493,606
67$3,554,733$1,170,021$785,964$2,655,347
68$3,857,084$1,167,121$752,062$2,831,772
69$4,188,377$1,162,181$715,127$3,024,370
70$4,551,506$1,155,042$674,998$3,234,787
71$4,949,655$1,145,534$631,506$3,464,836
72$5,386,332$1,133,478$584,474$3,716,519
73$5,865,404$1,118,684$533,719$3,992,044
74$6,391,124$1,100,949$479,048$4,293,849
75$6,968,183$1,080,060$420,261$4,624,621
76$7,601,745$1,055,790$357,146$4,987,326
77$8,297,498$1,027,899$289,486$5,385,236
78$9,061,710$996,133$217,051$5,821,959
79$9,901,285$960,224$139,602$6,301,477
80$10,823,827$919,886$56,890$6,828,181
81$11,837,716$874,819$0$7,406,916
82$12,952,182$824,704$0$8,045,369
83$14,177,395$769,205$0$8,751,775
84$15,524,558$707,965$0$9,528,404
85$17,006,016$640,608$0$10,382,446
86$18,635,367$566,736$0$11,321,833
87$20,427,597$485,928$0$12,355,308
88$22,399,215$397,741$0$13,492,514
89$24,568,409$301,705$0$14,744,083
90$26,955,222$197,324$0$16,121,740
91$29,581,736$84,074$0$17,638,410
92$32,472,283$0$0$19,308,347
93$35,653,672$0$0$21,163,830
94$39,155,442$0$0$23,245,995
95$43,010,144$0$0$25,538,131
96$47,253,642$0$0$28,061,576
97$51,925,456$0$0$30,839,848
98$57,069,130$0$0$33,898,858
99$62,732,649$0$0$37,267,156
100$68,968,884$0$0$40,976,206