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%17.4%
1 years$81,423$80,698$79,990$79,299$78,625$76,261
2 years$40,308$39,558$38,830$38,125$37,440$35,079
3 years$26,605$25,851$25,126$24,427$23,754$21,468
4 years$19,755$19,004$18,285$17,598$16,941$14,750
5 years$15,646$14,899$14,190$13,517$12,879$10,787
6 years$12,908$12,166$11,468$10,810$10,190$8,200
7 years$10,952$10,217$9,530$8,887$8,288$6,399
8 years$9,487$8,758$8,082$7,455$6,875$5,087
9 years$8,347$7,625$6,961$6,350$5,790$4,100
10 years$7,436$6,721$6,069$5,474$4,933$3,339
11 years$6,691$5,984$5,343$4,764$4,243$2,742
12 years$6,071$5,371$4,742$4,179$3,677$2,266
13 years$5,546$4,853$4,236$3,689$3,206$1,883
14 years$5,097$4,412$3,806$3,275$2,811$1,571
15 years$4,708$4,030$3,437$2,921$2,475$1,315
16 years$4,368$3,698$3,116$2,615$2,187$1,104
17 years$4,069$3,405$2,835$2,350$1,939$929
18 years$3,803$3,147$2,588$2,117$1,724$783
19 years$3,565$2,916$2,369$1,913$1,537$661
20 years$3,351$2,710$2,174$1,733$1,373$559
21 years$3,158$2,524$2,000$1,573$1,228$473
22 years$2,983$2,356$1,843$1,430$1,101$401
23 years$2,823$2,204$1,702$1,302$988$340
24 years$2,676$2,065$1,574$1,188$888$289
25 years$2,542$1,938$1,458$1,085$799$245
26 years$2,418$1,821$1,352$992$720$208
27 years$2,304$1,714$1,256$908$649$177
28 years$2,198$1,615$1,167$832$586$150
29 years$2,099$1,524$1,086$763$529$128
30 years$2,007$1,439$1,012$700$478$109
31 years$1,921$1,360$943$643$432$93
32 years$1,841$1,287$880$591$391$79
33 years$1,766$1,219$822$543$354$67
34 years$1,695$1,155$768$500$320$57
35 years$1,629$1,096$718$460$290$49
36 years$1,566$1,040$672$424$263$41
37 years$1,507$988$629$391$238$35
38 years$1,451$939$589$360$216$30
39 years$1,398$893$551$332$196$26
40 years$1,348$849$517$306$178$22
41 years$1,300$808$485$282$161$18
42 years$1,255$770$455$261$146$16
43 years$1,212$734$427$241$133$13
44 years$1,172$699$400$222$120$11
45 years$1,133$667$376$205$109$10
46 years$1,095$636$353$190$99$8
47 years$1,060$607$332$175$90$7
48 years$1,026$579$312$162$82$6
49 years$994$553$293$150$74$5
50 years$963$529$276$138$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $986,000, adding $5,904 every year, while hoping to spend $47,212 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: 57/29/14 Blend
50$986,000$986,000$986,000$986,000
51$1,092,662$1,040,404$1,025,121$1,150,702
52$1,153,880$1,041,151$1,009,229$1,191,422
53$1,219,761$1,040,351$991,223$1,230,078
54$1,290,728$1,037,881$970,981$1,271,101
55$1,367,251$1,033,606$948,378$1,314,727
56$1,449,843$1,027,384$923,280$1,361,216
57$1,539,068$1,019,067$895,551$1,410,857
58$1,635,545$1,008,494$865,045$1,463,970
59$1,739,958$995,497$831,611$1,520,912
60$1,853,055$979,898$795,091$1,582,074
61$1,975,659$961,506$755,319$1,647,893
62$2,108,678$940,120$712,124$1,718,853
63$2,253,106$915,530$665,323$1,795,488
64$2,410,041$887,509$614,729$1,878,392
65$2,580,687$855,818$560,145$1,968,220
66$2,766,371$820,207$501,363$2,065,700
67$2,968,552$780,409$438,170$2,171,636
68$3,188,836$736,140$370,340$2,286,918
69$3,428,989$687,104$297,639$2,412,531
70$3,690,958$632,983$219,822$2,549,567
71$3,976,882$573,446$136,632$2,699,232
72$4,289,118$508,139$47,803$2,862,860
73$4,630,259$436,689$0$3,041,927
74$5,003,162$358,703$0$3,245,084
75$5,410,971$273,766$0$3,475,195
76$5,857,147$181,437$0$3,727,150
77$6,345,502$81,253$0$4,003,203
78$6,880,233$0$0$4,305,841
79$7,465,963$0$0$4,646,514
80$8,107,781$0$0$5,048,306
81$8,811,294$0$0$5,488,809
82$9,582,676$0$0$5,971,898
83$10,428,727$0$0$6,501,845
84$11,356,936$0$0$7,083,351
85$12,375,554$0$0$7,721,598
86$13,493,667$0$0$8,422,292
87$14,721,286$0$0$9,191,720
88$16,069,436$0$0$10,036,805
89$17,550,266$0$0$10,965,176
90$19,177,155$0$0$11,985,236
91$20,964,844$0$0$13,106,243
92$22,929,574$0$0$14,338,397
93$25,089,236$0$0$15,692,932
94$27,463,539$0$0$17,182,228
95$30,074,200$0$0$18,819,924
96$32,945,144$0$0$20,621,046
97$36,102,731$0$0$22,602,150
98$39,576,003$0$0$24,781,475
99$43,396,959$0$0$27,179,120
100$47,600,854$0$0$29,817,227