Can I retire at age 51 with 989,000?

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 $989,000?

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$81,671$80,943$80,233$79,541$78,864$78,499
2 years$40,431$39,678$38,948$38,241$37,554$37,186
3 years$26,686$25,930$25,202$24,501$23,826$23,465
4 years$19,815$19,061$18,341$17,652$16,993$16,643
5 years$15,694$14,944$14,233$13,558$12,918$12,580
6 years$12,947$12,203$11,502$10,843$10,221$9,895
7 years$10,986$10,248$9,559$8,914$8,313$7,999
8 years$9,515$8,785$8,106$7,478$6,896$6,595
9 years$8,373$7,649$6,982$6,370$5,808$5,519
10 years$7,459$6,742$6,087$5,491$4,948$4,672
11 years$6,712$6,002$5,359$4,779$4,256$3,991
12 years$6,089$5,387$4,756$4,191$3,688$3,435
13 years$5,563$4,868$4,249$3,700$3,216$2,975
14 years$5,113$4,425$3,818$3,285$2,819$2,589
15 years$4,723$4,042$3,447$2,929$2,482$2,263
16 years$4,382$3,709$3,125$2,623$2,194$1,986
17 years$4,081$3,416$2,844$2,357$1,945$1,748
18 years$3,814$3,156$2,596$2,124$1,730$1,542
19 years$3,576$2,925$2,377$1,919$1,542$1,364
20 years$3,361$2,718$2,181$1,738$1,377$1,209
21 years$3,168$2,532$2,006$1,577$1,232$1,073
22 years$2,992$2,363$1,849$1,434$1,104$954
23 years$2,831$2,210$1,707$1,306$991$850
24 years$2,685$2,071$1,579$1,191$891$757
25 years$2,550$1,944$1,462$1,088$802$676
26 years$2,426$1,827$1,356$995$722$604
27 years$2,311$1,719$1,259$911$651$540
28 years$2,204$1,620$1,171$834$588$483
29 years$2,105$1,528$1,090$765$531$432
30 years$2,013$1,443$1,015$702$479$387
31 years$1,927$1,364$946$645$433$347
32 years$1,847$1,291$883$593$392$311
33 years$1,771$1,223$824$545$355$279
34 years$1,700$1,159$770$501$321$250
35 years$1,634$1,099$720$462$291$225
36 years$1,571$1,043$674$425$264$202
37 years$1,511$991$630$392$239$181
38 years$1,455$942$590$361$217$163
39 years$1,402$895$553$333$196$146
40 years$1,352$852$518$307$178$131
41 years$1,304$811$486$283$162$118
42 years$1,259$772$456$261$147$106
43 years$1,216$736$428$241$133$95
44 years$1,175$701$402$223$121$86
45 years$1,136$669$377$206$110$77
46 years$1,099$638$354$190$100$69
47 years$1,063$609$333$176$90$62
48 years$1,029$581$313$162$82$56
49 years$997$555$294$150$75$50
50 years$966$530$276$139$68$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $989,000, adding $3,076 every year, while hoping to spend $59,174 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: 34/41/25 Blend
50$989,000$989,000$989,000$989,000
51$1,093,051$1,040,634$1,025,304$1,121,823
52$1,141,581$1,028,664$996,691$1,131,642
53$1,193,079$1,014,125$965,137$1,136,656
54$1,247,783$996,827$930,479$1,140,887
55$1,305,957$976,572$892,550$1,144,306
56$1,367,888$953,148$851,174$1,146,883
57$1,433,891$926,330$806,167$1,148,592
58$1,504,310$895,883$757,336$1,149,411
59$1,579,524$861,554$704,480$1,149,321
60$1,659,944$823,080$647,389$1,148,311
61$1,746,026$780,178$585,845$1,146,371
62$1,838,267$732,553$519,616$1,143,503
63$1,937,211$679,889$448,465$1,139,712
64$2,043,459$621,856$372,140$1,135,017
65$2,157,666$558,101$290,381$1,129,445
66$2,280,554$488,254$202,915$1,123,036
67$2,412,915$411,923$109,457$1,115,847
68$2,555,619$328,694$9,710$1,107,946
69$2,709,621$238,129$0$1,099,425
70$2,875,971$139,766$0$1,116,199
71$3,055,823$33,117$0$1,137,041
72$3,250,445$0$0$1,159,610
73$3,461,230$0$0$1,221,340
74$3,689,711$0$0$1,304,569
75$3,937,574$0$0$1,394,984
76$4,206,672$0$0$1,493,279
77$4,499,042$0$0$1,600,214
78$4,816,928$0$0$1,716,626
79$5,162,796$0$0$1,843,439
80$5,539,361$0$0$1,981,665
81$5,949,610$0$0$2,132,421
82$6,396,828$0$0$2,296,936
83$6,884,634$0$0$2,476,563
84$7,417,009$0$0$2,672,790
85$7,998,336$0$0$2,887,255
86$8,633,439$0$0$3,121,765
87$9,327,630$0$0$3,378,304
88$10,086,756$0$0$3,659,062
89$10,917,256$0$0$3,966,446
90$11,826,219$0$0$4,303,109
91$12,821,451$0$0$4,671,972
92$13,911,548$0$0$5,076,253
93$15,105,979$0$0$5,519,494
94$16,415,168$0$0$6,005,598
95$17,850,599$0$0$6,538,863
96$19,424,917$0$0$7,124,023
97$21,152,054$0$0$7,766,292
98$23,047,350$0$0$8,471,414
99$25,127,707$0$0$9,245,717
100$27,411,741$0$0$10,096,171