Can I retire at age 51 with 986,000?

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 $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%13.4%
1 years$81,423$80,698$79,990$79,299$78,625$77,514
2 years$40,308$39,558$38,830$38,125$37,440$36,323
3 years$26,605$25,851$25,126$24,427$23,754$22,665
4 years$19,755$19,004$18,285$17,598$16,941$15,890
5 years$15,646$14,899$14,190$13,517$12,879$11,867
6 years$12,908$12,166$11,468$10,810$10,190$9,220
7 years$10,952$10,217$9,530$8,887$8,288$7,359
8 years$9,487$8,758$8,082$7,455$6,875$5,988
9 years$8,347$7,625$6,961$6,350$5,790$4,944
10 years$7,436$6,721$6,069$5,474$4,933$4,127
11 years$6,691$5,984$5,343$4,764$4,243$3,476
12 years$6,071$5,371$4,742$4,179$3,677$2,949
13 years$5,546$4,853$4,236$3,689$3,206$2,516
14 years$5,097$4,412$3,806$3,275$2,811$2,157
15 years$4,708$4,030$3,437$2,921$2,475$1,857
16 years$4,368$3,698$3,116$2,615$2,187$1,603
17 years$4,069$3,405$2,835$2,350$1,939$1,389
18 years$3,803$3,147$2,588$2,117$1,724$1,205
19 years$3,565$2,916$2,369$1,913$1,537$1,049
20 years$3,351$2,710$2,174$1,733$1,373$914
21 years$3,158$2,524$2,000$1,573$1,228$798
22 years$2,983$2,356$1,843$1,430$1,101$697
23 years$2,823$2,204$1,702$1,302$988$610
24 years$2,676$2,065$1,574$1,188$888$534
25 years$2,542$1,938$1,458$1,085$799$468
26 years$2,418$1,821$1,352$992$720$411
27 years$2,304$1,714$1,256$908$649$360
28 years$2,198$1,615$1,167$832$586$316
29 years$2,099$1,524$1,086$763$529$278
30 years$2,007$1,439$1,012$700$478$244
31 years$1,921$1,360$943$643$432$215
32 years$1,841$1,287$880$591$391$189
33 years$1,766$1,219$822$543$354$166
34 years$1,695$1,155$768$500$320$146
35 years$1,629$1,096$718$460$290$129
36 years$1,566$1,040$672$424$263$114
37 years$1,507$988$629$391$238$100
38 years$1,451$939$589$360$216$88
39 years$1,398$893$551$332$196$78
40 years$1,348$849$517$306$178$68
41 years$1,300$808$485$282$161$60
42 years$1,255$770$455$261$146$53
43 years$1,212$734$427$241$133$47
44 years$1,172$699$400$222$120$41
45 years$1,133$667$376$205$109$36
46 years$1,095$636$353$190$99$32
47 years$1,060$607$332$175$90$28
48 years$1,026$579$312$162$82$25
49 years$994$553$293$150$74$22
50 years$963$529$276$138$68$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $986,000, adding $4,308 every year, while hoping to spend $44,088 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: 41/50/9 Blend
50$986,000$986,000$986,000$986,000
51$1,091,016$1,038,758$1,023,475$1,132,662
52$1,155,390$1,042,748$1,010,852$1,166,226
53$1,224,853$1,045,455$996,328$1,197,783
54$1,299,877$1,046,771$979,794$1,230,938
55$1,380,981$1,046,580$961,134$1,265,855
56$1,468,736$1,044,757$940,227$1,302,717
57$1,563,769$1,041,173$916,947$1,341,725
58$1,666,770$1,035,687$891,161$1,383,107
59$1,778,497$1,028,152$862,732$1,427,115
60$1,899,785$1,018,412$831,514$1,474,030
61$2,031,550$1,006,302$797,357$1,524,166
62$2,174,802$991,644$760,102$1,577,872
63$2,330,651$974,253$719,584$1,635,537
64$2,500,317$953,932$675,631$1,697,594
65$2,685,146$930,471$628,061$1,764,522
66$2,886,616$903,650$576,686$1,836,857
67$3,106,355$873,232$521,309$1,915,192
68$3,346,154$838,972$461,724$2,000,190
69$3,607,986$800,606$397,716$2,092,582
70$3,894,021$757,856$329,060$2,193,184
71$4,206,650$710,429$255,521$2,302,899
72$4,548,502$658,014$176,856$2,422,731
73$4,922,477$600,284$92,808$2,553,793
74$5,331,762$536,891$3,109$2,697,320
75$5,779,871$467,468$0$2,854,680
76$6,270,672$391,627$0$3,036,285
77$6,808,423$308,960$0$3,235,820
78$7,397,817$219,034$0$3,454,877
79$8,044,020$121,392$0$3,695,553
80$8,752,721$15,552$0$3,960,164
81$9,530,189$0$0$4,251,276
82$10,383,326$0$0$4,626,193
83$11,319,737$0$0$5,047,228
84$12,347,796$0$0$5,509,607
85$13,476,731$0$0$6,017,497
86$14,716,706$0$0$6,575,489
87$16,078,917$0$0$7,188,637
88$17,575,697$0$0$7,862,515
89$19,220,637$0$0$8,603,257
90$21,028,705$0$0$9,417,627
91$23,016,395$0$0$10,313,072
92$25,201,875$0$0$11,297,801
93$27,605,166$0$0$12,380,855
94$30,248,322$0$0$13,572,197
95$33,155,645$0$0$14,882,804
96$36,353,907$0$0$16,324,769
97$39,872,608$0$0$17,911,418
98$43,744,250$0$0$19,657,433
99$48,004,646$0$0$21,578,991
100$52,693,255$0$0$23,693,919