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%17.4%
1 years$81,671$80,943$80,233$79,541$78,864$76,493
2 years$40,431$39,678$38,948$38,241$37,554$35,185
3 years$26,686$25,930$25,202$24,501$23,826$21,534
4 years$19,815$19,061$18,341$17,652$16,993$14,794
5 years$15,694$14,944$14,233$13,558$12,918$10,819
6 years$12,947$12,203$11,502$10,843$10,221$8,225
7 years$10,986$10,248$9,559$8,914$8,313$6,418
8 years$9,515$8,785$8,106$7,478$6,896$5,102
9 years$8,373$7,649$6,982$6,370$5,808$4,112
10 years$7,459$6,742$6,087$5,491$4,948$3,349
11 years$6,712$6,002$5,359$4,779$4,256$2,750
12 years$6,089$5,387$4,756$4,191$3,688$2,273
13 years$5,563$4,868$4,249$3,700$3,216$1,888
14 years$5,113$4,425$3,818$3,285$2,819$1,575
15 years$4,723$4,042$3,447$2,929$2,482$1,319
16 years$4,382$3,709$3,125$2,623$2,194$1,107
17 years$4,081$3,416$2,844$2,357$1,945$932
18 years$3,814$3,156$2,596$2,124$1,730$785
19 years$3,576$2,925$2,377$1,919$1,542$663
20 years$3,361$2,718$2,181$1,738$1,377$561
21 years$3,168$2,532$2,006$1,577$1,232$475
22 years$2,992$2,363$1,849$1,434$1,104$402
23 years$2,831$2,210$1,707$1,306$991$341
24 years$2,685$2,071$1,579$1,191$891$289
25 years$2,550$1,944$1,462$1,088$802$246
26 years$2,426$1,827$1,356$995$722$209
27 years$2,311$1,719$1,259$911$651$177
28 years$2,204$1,620$1,171$834$588$151
29 years$2,105$1,528$1,090$765$531$128
30 years$2,013$1,443$1,015$702$479$109
31 years$1,927$1,364$946$645$433$93
32 years$1,847$1,291$883$593$392$79
33 years$1,771$1,223$824$545$355$67
34 years$1,700$1,159$770$501$321$57
35 years$1,634$1,099$720$462$291$49
36 years$1,571$1,043$674$425$264$41
37 years$1,511$991$630$392$239$35
38 years$1,455$942$590$361$217$30
39 years$1,402$895$553$333$196$26
40 years$1,352$852$518$307$178$22
41 years$1,304$811$486$283$162$19
42 years$1,259$772$456$261$147$16
43 years$1,216$736$428$241$133$13
44 years$1,175$701$402$223$121$11
45 years$1,136$669$377$206$110$10
46 years$1,099$638$354$190$100$8
47 years$1,063$609$333$176$90$7
48 years$1,029$581$313$162$82$6
49 years$997$555$294$150$75$5
50 years$966$530$276$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $989,000, adding $5,583 every year, while hoping to spend $55,791 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: 58/15/27 Blend
50$989,000$989,000$989,000$989,000
51$1,095,637$1,043,220$1,027,890$1,150,830
52$1,148,031$1,034,976$1,002,964$1,180,986
53$1,203,899$1,024,459$975,332$1,207,470
54$1,263,537$1,011,498$944,845$1,235,188
55$1,327,268$995,912$911,348$1,264,273
56$1,395,448$977,510$874,677$1,294,877
57$1,468,465$956,090$834,660$1,327,170
58$1,546,746$931,436$791,119$1,361,340
59$1,630,760$903,322$743,868$1,397,599
60$1,721,020$871,507$692,710$1,436,184
61$1,818,090$835,737$637,441$1,477,358
62$1,922,589$795,742$577,850$1,521,414
63$2,035,198$751,238$513,712$1,568,682
64$2,156,662$701,923$444,796$1,619,525
65$2,287,803$647,478$370,857$1,674,351
66$2,429,522$587,568$291,644$1,733,612
67$2,582,809$521,835$206,890$1,797,812
68$2,748,754$449,903$116,320$1,867,511
69$2,928,555$371,376$19,644$1,943,331
70$3,123,527$285,833$0$2,025,964
71$3,335,118$192,830$0$2,140,241
72$3,564,921$91,899$0$2,270,554
73$3,814,686$0$0$2,412,280
74$4,086,342$0$0$2,569,448
75$4,382,007$0$0$2,757,090
76$4,704,013$0$0$2,961,527
77$5,054,928$0$0$3,184,398
78$5,437,577$0$0$3,427,506
79$5,855,067$0$0$3,692,838
80$6,310,821$0$0$3,982,579
81$6,808,607$0$0$4,299,136
82$7,352,570$0$0$4,645,157
83$7,947,276$0$0$5,023,558
84$8,597,751$0$0$5,437,551
85$9,309,530$0$0$5,890,672
86$10,088,708$0$0$6,386,813
87$10,941,993$0$0$6,930,262
88$11,876,778$0$0$7,525,742
89$12,901,200$0$0$8,178,450
90$14,024,221$0$0$8,894,115
91$15,255,715$0$0$9,679,044
92$16,606,553$0$0$10,540,184
93$18,088,712$0$0$11,485,188
94$19,715,382$0$0$12,522,484
95$21,501,093$0$0$13,661,357
96$23,461,851$0$0$14,912,035
97$25,615,288$0$0$16,285,784
98$27,980,825$0$0$17,795,016
99$30,579,859$0$0$19,453,405
100$33,435,963$0$0$21,276,014