Can I retire at age 51 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$81,010$80,288$79,584$78,897$78,226$76,119
2 years$40,104$39,357$38,633$37,931$37,251$35,143
3 years$26,470$25,720$24,998$24,303$23,633$21,591
4 years$19,655$18,907$18,192$17,509$16,855$14,894
5 years$15,567$14,823$14,118$13,449$12,813$10,938
6 years$12,842$12,104$11,409$10,755$10,139$8,352
7 years$10,897$10,165$9,481$8,842$8,245$6,547
8 years$9,438$8,714$8,041$7,418$6,840$5,229
9 years$8,305$7,587$6,926$6,318$5,761$4,235
10 years$7,398$6,687$6,038$5,446$4,908$3,467
11 years$6,657$5,953$5,316$4,740$4,221$2,861
12 years$6,040$5,343$4,718$4,157$3,658$2,377
13 years$5,518$4,829$4,215$3,670$3,190$1,986
14 years$5,071$4,389$3,787$3,258$2,796$1,666
15 years$4,684$4,010$3,419$2,906$2,462$1,402
16 years$4,346$3,679$3,100$2,602$2,176$1,184
17 years$4,048$3,388$2,821$2,338$1,929$1,002
18 years$3,783$3,131$2,575$2,107$1,716$850
19 years$3,547$2,902$2,357$1,904$1,529$722
20 years$3,334$2,696$2,163$1,724$1,366$614
21 years$3,142$2,511$1,990$1,565$1,222$523
22 years$2,968$2,344$1,834$1,423$1,096$446
23 years$2,808$2,193$1,693$1,296$983$381
24 years$2,663$2,054$1,566$1,182$884$325
25 years$2,529$1,928$1,451$1,079$795$278
26 years$2,406$1,812$1,345$987$716$237
27 years$2,292$1,705$1,249$903$646$203
28 years$2,186$1,607$1,161$828$583$174
29 years$2,088$1,516$1,081$759$526$149
30 years$1,997$1,432$1,007$696$476$127
31 years$1,912$1,353$938$640$430$109
32 years$1,832$1,280$876$588$389$93
33 years$1,757$1,213$818$541$352$80
34 years$1,687$1,149$764$497$319$69
35 years$1,620$1,090$714$458$289$59
36 years$1,558$1,035$668$422$262$50
37 years$1,499$983$625$389$237$43
38 years$1,444$934$586$358$215$37
39 years$1,391$888$549$330$195$32
40 years$1,341$845$514$305$177$27
41 years$1,294$804$482$281$160$23
42 years$1,249$766$452$259$146$20
43 years$1,206$730$424$239$132$17
44 years$1,166$696$398$221$120$15
45 years$1,127$663$374$204$109$13
46 years$1,090$633$351$189$99$11
47 years$1,055$604$330$174$90$9
48 years$1,021$577$310$161$81$8
49 years$989$551$292$149$74$7
50 years$958$526$274$138$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $981,000, adding $5,763 every year, while hoping to spend $59,220 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: 49/32/19 Blend
50$981,000$981,000$981,000$981,000
51$1,087,007$1,035,014$1,019,808$1,134,222
52$1,134,872$1,022,720$990,962$1,155,243
53$1,185,634$1,007,838$959,165$1,171,557
54$1,239,527$990,181$924,255$1,188,024
55$1,296,805$969,546$886,064$1,204,679
56$1,357,747$945,722$844,415$1,221,568
57$1,422,659$918,483$799,124$1,238,743
58$1,491,873$887,593$749,998$1,256,269
59$1,565,757$852,797$696,836$1,274,217
60$1,644,711$813,831$639,427$1,292,675
61$1,729,174$770,411$577,550$1,311,741
62$1,819,629$722,241$510,977$1,331,532
63$1,916,604$669,003$439,468$1,352,178
64$2,020,678$610,365$362,770$1,373,833
65$2,132,488$545,974$280,624$1,396,670
66$2,252,733$475,457$192,756$1,420,889
67$2,382,178$398,421$98,880$1,446,714
68$2,521,667$314,450$0$1,474,403
69$2,672,123$223,104$0$1,504,511
70$2,834,563$123,920$0$1,558,512
71$3,010,103$16,406$0$1,616,779
72$3,199,970$0$0$1,679,799
73$3,405,513$0$0$1,783,314
74$3,628,214$0$0$1,901,817
75$3,869,705$0$0$2,030,410
76$4,131,776$0$0$2,170,060
77$4,416,401$0$0$2,321,830
78$4,725,748$0$0$2,486,889
79$5,062,203$0$0$2,666,523
80$5,428,391$0$0$2,862,147
81$5,827,200$0$0$3,075,320
82$6,261,808$0$0$3,307,756
83$6,735,714$0$0$3,561,340
84$7,252,768$0$0$3,838,151
85$7,817,206$0$0$4,140,473
86$8,433,693$0$0$4,470,823
87$9,107,365$0$0$4,831,971
88$9,843,874$0$0$5,226,968
89$10,649,446$0$0$5,659,172
90$11,530,933$0$0$6,132,281
91$12,495,882$0$0$6,650,367
92$13,552,602$0$0$7,217,915
93$14,710,246$0$0$7,839,862
94$15,978,890$0$0$8,521,648
95$17,369,635$0$0$9,269,263
96$18,894,703$0$0$10,089,305
97$20,567,560$0$0$10,989,041
98$22,403,034$0$0$11,976,474
99$24,417,461$0$0$13,060,421
100$26,628,833$0$0$14,250,595