Can I retire at age 51 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$81,506$80,780$80,071$79,380$78,705$78,340
2 years$40,349$39,598$38,870$38,163$37,478$37,110
3 years$26,632$25,878$25,151$24,452$23,778$23,418
4 years$19,775$19,023$18,304$17,616$16,959$16,609
5 years$15,662$14,914$14,204$13,531$12,892$12,554
6 years$12,921$12,178$11,479$10,821$10,201$9,875
7 years$10,963$10,227$9,539$8,896$8,296$7,983
8 years$9,496$8,767$8,090$7,463$6,882$6,582
9 years$8,356$7,633$6,968$6,357$5,796$5,508
10 years$7,444$6,728$6,075$5,480$4,938$4,662
11 years$6,698$5,990$5,348$4,769$4,247$3,983
12 years$6,077$5,376$4,746$4,183$3,680$3,428
13 years$5,552$4,858$4,241$3,693$3,209$2,969
14 years$5,102$4,416$3,810$3,278$2,813$2,584
15 years$4,713$4,034$3,440$2,924$2,477$2,259
16 years$4,373$3,701$3,119$2,618$2,189$1,982
17 years$4,073$3,409$2,838$2,352$1,941$1,744
18 years$3,806$3,150$2,591$2,120$1,726$1,539
19 years$3,568$2,919$2,372$1,915$1,538$1,361
20 years$3,355$2,713$2,177$1,735$1,374$1,206
21 years$3,161$2,527$2,002$1,574$1,230$1,071
22 years$2,986$2,359$1,845$1,431$1,102$952
23 years$2,826$2,206$1,704$1,304$989$848
24 years$2,679$2,067$1,576$1,189$889$756
25 years$2,545$1,940$1,459$1,086$800$674
26 years$2,421$1,823$1,354$993$721$602
27 years$2,306$1,716$1,257$909$650$538
28 years$2,200$1,617$1,168$833$586$482
29 years$2,101$1,525$1,087$764$530$431
30 years$2,009$1,440$1,013$701$478$386
31 years$1,923$1,362$944$644$433$346
32 years$1,843$1,288$881$591$391$310
33 years$1,768$1,220$823$544$354$278
34 years$1,697$1,156$769$500$321$250
35 years$1,630$1,097$719$461$290$224
36 years$1,568$1,041$672$424$263$201
37 years$1,508$989$629$391$238$181
38 years$1,452$940$589$360$216$162
39 years$1,400$893$552$332$196$146
40 years$1,349$850$517$306$178$131
41 years$1,302$809$485$283$161$118
42 years$1,257$771$455$261$146$106
43 years$1,214$734$427$241$133$95
44 years$1,173$700$401$222$121$86
45 years$1,134$667$376$205$109$77
46 years$1,097$637$354$190$99$69
47 years$1,061$608$332$175$90$62
48 years$1,027$580$312$162$82$56
49 years$995$554$293$150$74$50
50 years$964$529$276$138$68$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $987,000, adding $4,951 every year, while hoping to spend $41,445 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: 56/30/14 Blend
50$987,000$987,000$987,000$987,000
51$1,092,781$1,040,470$1,025,171$1,149,754
52$1,160,147$1,047,356$1,015,418$1,195,848
53$1,232,996$1,053,190$1,003,948$1,241,087
54$1,311,843$1,057,877$990,661$1,289,407
55$1,397,254$1,061,316$975,451$1,341,110
56$1,489,852$1,063,399$958,207$1,396,532
57$1,590,323$1,064,012$938,813$1,456,041
58$1,699,420$1,063,032$917,147$1,520,048
59$1,817,972$1,060,332$893,083$1,589,005
60$1,946,890$1,055,773$866,486$1,663,412
61$2,087,177$1,049,210$837,218$1,743,822
62$2,239,938$1,040,490$805,133$1,830,848
63$2,406,385$1,029,448$770,079$1,925,164
64$2,587,857$1,015,912$731,897$2,027,519
65$2,785,824$999,697$690,421$2,138,738
66$3,001,904$980,608$645,476$2,259,734
67$3,237,880$958,440$596,881$2,391,517
68$3,495,714$932,973$544,447$2,535,199
69$3,777,565$903,977$487,974$2,692,014
70$4,085,812$871,207$427,257$2,863,321
71$4,423,072$834,404$362,077$3,050,624
72$4,792,229$793,293$292,210$3,255,583
73$5,196,457$747,585$217,420$3,480,032
74$5,639,252$696,973$137,460$3,725,997
75$6,124,464$641,133$52,073$3,995,713
76$6,656,332$579,722$0$4,291,652
77$7,239,528$512,378$0$4,622,374
78$7,879,193$438,718$0$4,993,738
79$8,580,993$358,337$0$5,401,325
80$9,351,167$270,808$0$5,848,851
81$10,196,589$175,681$0$6,340,415
82$11,124,829$72,477$0$6,880,540
83$12,144,228$0$0$7,474,213
84$13,263,972$0$0$8,139,912
85$14,494,183$0$0$8,897,665
86$15,846,010$0$0$9,730,425
87$17,331,735$0$0$10,645,769
88$18,964,892$0$0$11,652,048
89$20,760,389$0$0$12,758,461
90$22,734,650$0$0$13,975,141
91$24,905,772$0$0$15,313,256
92$27,293,693$0$0$16,785,107
93$29,920,378$0$0$18,404,248
94$32,810,032$0$0$20,185,614
95$35,989,320$0$0$22,145,660
96$39,487,624$0$0$24,302,515
97$43,337,318$0$0$26,676,156
98$47,574,072$0$0$29,288,595
99$52,237,191$0$0$32,164,084
100$57,369,980$0$0$35,329,346