Can I retire at age 51 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$81,258$80,534$79,828$79,139$78,466$76,725
2 years$40,227$39,477$38,751$38,047$37,365$35,620
3 years$26,551$25,799$25,075$24,377$23,706$22,011
4 years$19,715$18,965$18,248$17,562$16,907$15,276
5 years$15,614$14,869$14,161$13,490$12,852$11,290
6 years$12,881$12,141$11,444$10,788$10,170$8,677
7 years$10,930$10,196$9,510$8,869$8,271$6,848
8 years$9,467$8,740$8,065$7,440$6,861$5,508
9 years$8,330$7,610$6,947$6,337$5,778$4,493
10 years$7,421$6,708$6,056$5,463$4,923$3,706
11 years$6,678$5,972$5,332$4,754$4,234$3,082
12 years$6,059$5,360$4,732$4,170$3,669$2,581
13 years$5,535$4,844$4,228$3,682$3,200$2,173
14 years$5,087$4,403$3,799$3,268$2,805$1,838
15 years$4,699$4,022$3,430$2,915$2,470$1,560
16 years$4,359$3,690$3,109$2,610$2,183$1,329
17 years$4,060$3,398$2,829$2,345$1,935$1,134
18 years$3,795$3,140$2,583$2,113$1,721$971
19 years$3,558$2,910$2,365$1,909$1,534$832
20 years$3,344$2,704$2,170$1,729$1,370$714
21 years$3,152$2,519$1,996$1,569$1,226$614
22 years$2,977$2,351$1,840$1,427$1,099$528
23 years$2,817$2,199$1,699$1,300$986$455
24 years$2,671$2,061$1,571$1,185$887$392
25 years$2,537$1,934$1,455$1,083$798$339
26 years$2,413$1,817$1,349$990$719$292
27 years$2,299$1,710$1,253$906$648$252
28 years$2,193$1,612$1,165$830$585$218
29 years$2,095$1,520$1,084$761$528$189
30 years$2,003$1,436$1,010$699$477$163
31 years$1,917$1,357$941$642$431$141
32 years$1,837$1,284$878$590$390$122
33 years$1,762$1,216$820$542$353$106
34 years$1,692$1,153$766$499$320$91
35 years$1,625$1,093$716$459$290$79
36 years$1,563$1,038$670$423$262$68
37 years$1,504$986$627$390$238$59
38 years$1,448$937$587$359$216$51
39 years$1,395$891$550$331$195$44
40 years$1,345$847$516$305$177$39
41 years$1,298$807$484$282$161$33
42 years$1,253$768$454$260$146$29
43 years$1,210$732$426$240$132$25
44 years$1,169$698$400$222$120$22
45 years$1,130$665$375$205$109$19
46 years$1,093$635$352$189$99$16
47 years$1,058$606$331$175$90$14
48 years$1,024$578$311$161$82$12
49 years$992$552$292$149$74$11
50 years$961$528$275$138$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $984,000, adding $5,386 every year, while hoping to spend $45,954 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: 55/16/29 Blend
50$984,000$984,000$984,000$984,000
51$1,089,924$1,037,772$1,022,520$1,140,838
52$1,152,201$1,039,728$1,007,879$1,178,535
53$1,219,291$1,040,240$991,208$1,214,401
54$1,291,635$1,039,188$972,390$1,252,549
55$1,369,719$1,036,446$951,303$1,293,216
56$1,454,078$1,031,879$927,819$1,336,665
57$1,545,298$1,025,344$901,805$1,383,189
58$1,644,023$1,016,692$873,120$1,433,109
59$1,750,964$1,005,759$841,620$1,486,786
60$1,866,898$992,378$807,150$1,544,618
61$1,992,684$976,367$769,552$1,607,047
62$2,129,264$957,535$728,659$1,674,561
63$2,277,676$935,681$684,295$1,747,703
64$2,439,058$910,589$636,279$1,827,074
65$2,614,667$882,033$584,419$1,913,339
66$2,805,884$849,773$528,517$2,007,236
67$3,014,226$813,554$468,365$2,109,580
68$3,241,367$773,108$403,746$2,221,275
69$3,489,147$728,151$334,431$2,343,320
70$3,759,591$678,381$260,186$2,476,823
71$4,054,928$623,481$180,761$2,623,006
72$4,377,614$563,114$95,899$2,783,224
73$4,730,349$496,925$5,331$2,958,974
74$5,116,109$424,539$0$3,151,912
75$5,538,170$345,559$0$3,392,127
76$6,000,138$259,566$0$3,656,982
77$6,505,984$166,117$0$3,947,158
78$7,060,082$64,745$0$4,265,226
79$7,667,249$0$0$4,614,023
80$8,332,789$0$0$5,004,606
81$9,062,543$0$0$5,445,464
82$9,862,946$0$0$5,929,097
83$10,741,085$0$0$6,459,799
84$11,704,766$0$0$7,042,299
85$12,762,587$0$0$7,681,808
86$13,924,019$0$0$8,384,064
87$15,199,497$0$0$9,155,390
88$16,600,514$0$0$10,002,749
89$18,139,729$0$0$10,933,815
90$19,831,093$0$0$11,957,039
91$21,689,971$0$0$13,081,734
92$23,733,292$0$0$14,318,157
93$25,979,707$0$0$15,677,611
94$28,449,762$0$0$17,172,548
95$31,166,097$0$0$18,816,687
96$34,153,654$0$0$20,625,143
97$37,439,913$0$0$22,614,570
98$41,055,152$0$0$24,803,317
99$45,032,731$0$0$27,211,601
100$49,409,407$0$0$29,861,698