Can I retire at age 51 with 989,000?

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 $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%15.5%
1 years$81,671$80,943$80,233$79,541$78,864$77,083
2 years$40,431$39,678$38,948$38,241$37,554$35,769
3 years$26,686$25,930$25,202$24,501$23,826$22,093
4 years$19,815$19,061$18,341$17,652$16,993$15,325
5 years$15,694$14,944$14,233$13,558$12,918$11,320
6 years$12,947$12,203$11,502$10,843$10,221$8,695
7 years$10,986$10,248$9,559$8,914$8,313$6,859
8 years$9,515$8,785$8,106$7,478$6,896$5,513
9 years$8,373$7,649$6,982$6,370$5,808$4,495
10 years$7,459$6,742$6,087$5,491$4,948$3,705
11 years$6,712$6,002$5,359$4,779$4,256$3,080
12 years$6,089$5,387$4,756$4,191$3,688$2,577
13 years$5,563$4,868$4,249$3,700$3,216$2,168
14 years$5,113$4,425$3,818$3,285$2,819$1,833
15 years$4,723$4,042$3,447$2,929$2,482$1,555
16 years$4,382$3,709$3,125$2,623$2,194$1,323
17 years$4,081$3,416$2,844$2,357$1,945$1,129
18 years$3,814$3,156$2,596$2,124$1,730$965
19 years$3,576$2,925$2,377$1,919$1,542$827
20 years$3,361$2,718$2,181$1,738$1,377$709
21 years$3,168$2,532$2,006$1,577$1,232$609
22 years$2,992$2,363$1,849$1,434$1,104$524
23 years$2,831$2,210$1,707$1,306$991$451
24 years$2,685$2,071$1,579$1,191$891$388
25 years$2,550$1,944$1,462$1,088$802$335
26 years$2,426$1,827$1,356$995$722$289
27 years$2,311$1,719$1,259$911$651$249
28 years$2,204$1,620$1,171$834$588$215
29 years$2,105$1,528$1,090$765$531$186
30 years$2,013$1,443$1,015$702$479$161
31 years$1,927$1,364$946$645$433$139
32 years$1,847$1,291$883$593$392$120
33 years$1,771$1,223$824$545$355$104
34 years$1,700$1,159$770$501$321$90
35 years$1,634$1,099$720$462$291$78
36 years$1,571$1,043$674$425$264$67
37 years$1,511$991$630$392$239$58
38 years$1,455$942$590$361$217$50
39 years$1,402$895$553$333$196$43
40 years$1,352$852$518$307$178$38
41 years$1,304$811$486$283$162$33
42 years$1,259$772$456$261$147$28
43 years$1,216$736$428$241$133$24
44 years$1,175$701$402$223$121$21
45 years$1,136$669$377$206$110$18
46 years$1,099$638$354$190$100$16
47 years$1,063$609$333$176$90$14
48 years$1,029$581$313$162$82$12
49 years$997$555$294$150$75$10
50 years$966$530$276$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $989,000, adding $6,804 every year, while hoping to spend $40,446 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: 42/42/16 Blend
50$989,000$989,000$989,000$989,000
51$1,096,896$1,044,479$1,029,150$1,137,562
52$1,165,746$1,052,625$1,020,592$1,175,044
53$1,240,262$1,059,813$1,010,392$1,211,107
54$1,320,980$1,065,956$998,452$1,249,295
55$1,408,490$1,070,958$984,670$1,289,822
56$1,503,438$1,074,716$968,938$1,332,924
57$1,606,536$1,077,125$951,145$1,378,866
58$1,718,566$1,078,068$931,172$1,427,940
59$1,840,392$1,077,425$908,898$1,480,472
60$1,972,959$1,075,066$884,193$1,536,820
61$2,117,310$1,070,854$856,924$1,597,387
62$2,274,594$1,064,643$826,948$1,662,614
63$2,446,072$1,056,280$794,121$1,732,995
64$2,633,134$1,045,601$758,286$1,809,075
65$2,837,309$1,032,431$719,285$1,891,459
66$3,060,282$1,016,587$676,948$1,980,818
67$3,303,905$997,874$631,100$2,077,895
68$3,570,219$976,086$581,558$2,183,512
69$3,861,471$951,004$528,129$2,298,583
70$4,180,134$922,395$470,614$2,424,116
71$4,528,931$890,016$408,803$2,561,229
72$4,910,862$853,607$342,478$2,711,161
73$5,329,229$812,893$271,411$2,875,282
74$5,787,670$767,584$195,362$3,055,108
75$6,290,189$717,373$114,084$3,252,317
76$6,841,200$661,936$27,317$3,468,764
77$7,445,559$600,928$0$3,706,503
78$8,108,620$533,987$0$3,978,949
79$8,836,278$460,730$0$4,283,169
80$9,635,024$380,752$0$4,617,322
81$10,512,012$293,625$0$4,984,528
82$11,475,120$198,896$0$5,388,236
83$12,533,029$96,088$0$5,832,251
84$13,695,299$0$0$6,320,777
85$14,972,463$0$0$6,865,526
86$16,376,125$0$0$7,513,171
87$17,919,070$0$0$8,225,218
88$19,615,382$0$0$9,008,182
89$21,480,577$0$0$9,869,245
90$23,531,751$0$0$10,816,317
91$25,787,741$0$0$11,858,113
92$28,269,297$0$0$13,004,236
93$30,999,285$0$0$14,265,265
94$34,002,897$0$0$15,652,860
95$37,307,891$0$0$17,179,865
96$40,944,850$0$0$18,860,432
97$44,947,472$0$0$20,710,156
98$49,352,889$0$0$22,746,219
99$54,202,014$0$0$24,987,555
100$59,539,925$0$0$27,455,026