Can I retire at age 51 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$81,588$80,861$80,152$79,460$78,785$77,994
2 years$40,390$39,638$38,909$38,202$37,516$36,720
3 years$26,659$25,904$25,177$24,476$23,802$23,025
4 years$19,795$19,042$18,322$17,634$16,976$16,224
5 years$15,678$14,929$14,219$13,545$12,905$12,180
6 years$12,934$12,191$11,491$10,832$10,211$9,514
7 years$10,975$10,238$9,549$8,905$8,304$7,636
8 years$9,506$8,776$8,098$7,470$6,889$6,249
9 years$8,364$7,641$6,975$6,363$5,802$5,190
10 years$7,451$6,735$6,081$5,485$4,943$4,359
11 years$6,705$5,996$5,354$4,774$4,251$3,695
12 years$6,083$5,382$4,751$4,187$3,684$3,154
13 years$5,558$4,863$4,245$3,697$3,213$2,709
14 years$5,108$4,421$3,814$3,281$2,816$2,338
15 years$4,718$4,038$3,444$2,926$2,480$2,026
16 years$4,377$3,705$3,122$2,620$2,192$1,762
17 years$4,077$3,412$2,841$2,354$1,943$1,536
18 years$3,810$3,153$2,593$2,122$1,728$1,343
19 years$3,572$2,922$2,374$1,917$1,540$1,177
20 years$3,358$2,715$2,179$1,736$1,376$1,033
21 years$3,164$2,529$2,004$1,576$1,231$909
22 years$2,989$2,361$1,847$1,433$1,103$800
23 years$2,829$2,208$1,706$1,305$990$705
24 years$2,682$2,069$1,577$1,190$890$623
25 years$2,547$1,942$1,461$1,087$801$550
26 years$2,423$1,825$1,355$994$722$486
27 years$2,308$1,717$1,258$910$651$430
28 years$2,202$1,618$1,170$833$587$381
29 years$2,103$1,527$1,088$764$530$337
30 years$2,011$1,442$1,014$701$479$299
31 years$1,925$1,363$945$644$433$265
32 years$1,845$1,290$882$592$392$235
33 years$1,769$1,221$823$544$354$209
34 years$1,699$1,158$769$501$321$185
35 years$1,632$1,098$719$461$291$164
36 years$1,569$1,042$673$425$263$146
37 years$1,510$990$630$391$239$130
38 years$1,454$941$590$361$216$115
39 years$1,401$894$553$333$196$102
40 years$1,351$851$518$307$178$91
41 years$1,303$810$486$283$161$81
42 years$1,258$771$456$261$147$72
43 years$1,215$735$427$241$133$64
44 years$1,174$701$401$223$121$57
45 years$1,135$668$377$206$110$50
46 years$1,098$637$354$190$100$45
47 years$1,062$608$332$175$90$40
48 years$1,028$581$312$162$82$36
49 years$996$554$294$150$75$32
50 years$965$530$276$138$68$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $988,000, adding $6,001 every year, while hoping to spend $22,518 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: 52/25/23 Blend
50$988,000$988,000$988,000$988,000
51$1,094,966$1,042,602$1,027,288$1,144,621
52$1,182,694$1,069,731$1,037,743$1,206,693
53$1,278,615$1,097,434$1,047,794$1,271,369
54$1,383,541$1,125,716$1,057,403$1,341,254
55$1,498,367$1,154,581$1,066,531$1,416,852
56$1,624,077$1,184,032$1,075,136$1,498,719
57$1,761,755$1,214,071$1,083,175$1,587,465
58$1,912,595$1,244,702$1,090,602$1,683,765
59$2,077,912$1,275,924$1,097,369$1,788,361
60$2,259,153$1,307,738$1,103,425$1,902,070
61$2,457,913$1,340,144$1,108,717$2,025,795
62$2,675,949$1,373,140$1,113,188$2,160,527
63$2,915,196$1,406,724$1,116,780$2,307,362
64$3,177,785$1,440,892$1,119,430$2,467,503
65$3,466,062$1,475,639$1,121,075$2,642,281
66$3,782,614$1,510,960$1,121,645$2,833,159
67$4,130,290$1,546,846$1,121,069$3,041,750
68$4,512,227$1,583,288$1,119,272$3,269,833
69$4,931,881$1,620,277$1,116,175$3,519,366
70$5,393,062$1,657,799$1,111,696$3,792,510
71$5,899,965$1,695,842$1,105,747$4,091,644
72$6,457,210$1,734,387$1,098,239$4,419,392
73$7,069,892$1,773,418$1,089,077$4,778,643
74$7,743,620$1,812,914$1,078,159$5,172,584
75$8,484,574$1,852,853$1,065,383$5,604,727
76$9,299,566$1,893,208$1,050,639$6,078,941
77$10,196,098$1,933,951$1,033,812$6,599,491
78$11,182,438$1,975,053$1,014,782$7,171,078
79$12,267,694$2,016,478$993,425$7,798,883
80$13,461,903$2,058,189$969,608$8,488,617
81$14,776,122$2,100,146$943,196$9,246,574
82$16,222,537$2,142,303$914,043$10,079,688
83$17,814,572$2,184,612$882,000$10,995,607
84$19,567,021$2,227,021$846,909$12,002,755
85$21,496,184$2,269,472$808,607$13,110,419
86$23,620,021$2,311,902$766,922$14,328,834
87$25,958,323$2,354,245$721,674$15,669,282
88$28,532,897$2,396,429$672,675$17,144,195
89$31,367,773$2,438,374$619,730$18,767,275
90$34,489,429$2,479,997$562,634$20,553,626
91$37,927,041$2,521,207$501,172$22,519,891
92$41,712,759$2,561,907$435,122$24,684,417
93$45,882,012$2,601,991$364,250$27,067,422
94$50,473,837$2,641,348$288,312$29,691,188
95$55,531,251$2,679,857$207,053$32,580,275
96$61,101,658$2,717,389$120,208$35,761,749
97$67,237,292$2,753,806$27,500$39,265,441
98$73,995,713$2,788,961$0$43,124,229
99$81,440,351$2,822,694$0$47,391,877
100$89,641,099$2,854,839$0$52,099,130