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%17.6%
1 years$81,588$80,861$80,152$79,460$78,785$76,354
2 years$40,390$39,638$38,909$38,202$37,516$35,089
3 years$26,659$25,904$25,177$24,476$23,802$21,454
4 years$19,795$19,042$18,322$17,634$16,976$14,725
5 years$15,678$14,929$14,219$13,545$12,905$10,757
6 years$12,934$12,191$11,491$10,832$10,211$8,169
7 years$10,975$10,238$9,549$8,905$8,304$6,367
8 years$9,506$8,776$8,098$7,470$6,889$5,056
9 years$8,364$7,641$6,975$6,363$5,802$4,070
10 years$7,451$6,735$6,081$5,485$4,943$3,311
11 years$6,705$5,996$5,354$4,774$4,251$2,715
12 years$6,083$5,382$4,751$4,187$3,684$2,241
13 years$5,558$4,863$4,245$3,697$3,213$1,859
14 years$5,108$4,421$3,814$3,281$2,816$1,549
15 years$4,718$4,038$3,444$2,926$2,480$1,295
16 years$4,377$3,705$3,122$2,620$2,192$1,085
17 years$4,077$3,412$2,841$2,354$1,943$912
18 years$3,810$3,153$2,593$2,122$1,728$768
19 years$3,572$2,922$2,374$1,917$1,540$647
20 years$3,358$2,715$2,179$1,736$1,376$546
21 years$3,164$2,529$2,004$1,576$1,231$462
22 years$2,989$2,361$1,847$1,433$1,103$391
23 years$2,829$2,208$1,706$1,305$990$331
24 years$2,682$2,069$1,577$1,190$890$280
25 years$2,547$1,942$1,461$1,087$801$238
26 years$2,423$1,825$1,355$994$722$201
27 years$2,308$1,717$1,258$910$651$171
28 years$2,202$1,618$1,170$833$587$145
29 years$2,103$1,527$1,088$764$530$123
30 years$2,011$1,442$1,014$701$479$105
31 years$1,925$1,363$945$644$433$89
32 years$1,845$1,290$882$592$392$75
33 years$1,769$1,221$823$544$354$64
34 years$1,699$1,158$769$501$321$54
35 years$1,632$1,098$719$461$291$46
36 years$1,569$1,042$673$425$263$39
37 years$1,510$990$630$391$239$33
38 years$1,454$941$590$361$216$28
39 years$1,401$894$553$333$196$24
40 years$1,351$851$518$307$178$21
41 years$1,303$810$486$283$161$17
42 years$1,258$771$456$261$147$15
43 years$1,215$735$427$241$133$13
44 years$1,174$701$401$223$121$11
45 years$1,135$668$377$206$110$9
46 years$1,098$637$354$190$100$8
47 years$1,062$608$332$175$90$7
48 years$1,028$581$312$162$82$6
49 years$996$554$294$150$75$5
50 years$965$530$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 $988,000, adding $2,083 every year, while hoping to spend $24,699 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: 51/34/15 Blend
50$988,000$988,000$988,000$988,000
51$1,090,925$1,038,561$1,023,247$1,142,005
52$1,175,919$1,063,171$1,031,246$1,201,886
53$1,268,756$1,088,159$1,038,685$1,264,189
54$1,370,208$1,113,517$1,045,520$1,331,374
55$1,481,127$1,139,237$1,051,703$1,403,909
56$1,602,451$1,165,310$1,057,184$1,482,312
57$1,735,214$1,191,722$1,061,912$1,567,149
58$1,880,551$1,218,462$1,065,832$1,659,048
59$2,039,716$1,245,515$1,068,886$1,758,697
60$2,214,087$1,272,866$1,071,014$1,866,858
61$2,405,183$1,300,495$1,072,152$1,984,366
62$2,614,676$1,328,384$1,072,234$2,112,146
63$2,844,409$1,356,511$1,071,189$2,251,214
64$3,096,411$1,384,851$1,068,946$2,402,689
65$3,372,915$1,413,380$1,065,426$2,567,808
66$3,676,384$1,442,067$1,060,550$2,747,931
67$4,009,529$1,470,882$1,054,232$2,944,557
68$4,375,336$1,499,791$1,046,384$3,159,339
69$4,777,097$1,528,757$1,036,914$3,394,099
70$5,218,434$1,557,739$1,025,724$3,650,845
71$5,703,341$1,586,695$1,012,712$3,931,790
72$6,236,216$1,615,578$997,773$4,239,372
73$6,821,905$1,644,336$980,793$4,576,279
74$7,465,747$1,672,916$961,657$4,945,475
75$8,173,623$1,701,259$940,243$5,350,225
76$8,952,013$1,729,301$916,421$5,794,128
77$9,808,056$1,756,974$890,059$6,281,153
78$10,749,618$1,784,206$861,016$6,815,673
79$11,785,366$1,810,919$829,147$7,402,507
80$12,924,847$1,837,027$794,297$8,046,968
81$14,178,582$1,862,443$756,307$8,754,913
82$15,558,164$1,887,069$715,009$9,532,797
83$17,076,364$1,910,802$670,229$10,387,733
84$18,747,255$1,933,534$621,784$11,327,564
85$20,586,344$1,955,146$569,483$12,360,933
86$22,610,716$1,975,513$513,126$13,497,368
87$24,839,198$1,994,502$452,504$14,747,370
88$27,292,534$2,011,971$387,401$16,122,512
89$29,993,582$2,027,767$317,589$17,635,553
90$32,967,529$2,041,729$242,830$19,300,553
91$36,242,129$2,053,686$162,876$21,133,011
92$39,847,963$2,063,453$77,470$23,150,010
93$43,818,730$2,070,837$0$25,370,378
94$48,191,563$2,075,631$0$27,817,055
95$53,007,380$2,077,614$0$30,524,100
96$58,311,269$2,076,553$0$33,504,358
97$64,152,914$2,072,200$0$36,785,663
98$70,587,064$2,064,291$0$40,398,692
99$77,674,050$2,052,547$0$44,377,251
100$85,480,353$2,036,671$0$48,758,597