Can I retire at age 51 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$81,340$80,616$79,909$79,219$78,545$75,910
2 years$40,268$39,518$38,791$38,086$37,403$34,773
3 years$26,578$25,825$25,100$24,402$23,730$21,189
4 years$19,735$18,984$18,267$17,580$16,924$14,492
5 years$15,630$14,884$14,176$13,503$12,866$10,548
6 years$12,895$12,154$11,456$10,799$10,180$7,979
7 years$10,941$10,207$9,520$8,878$8,279$6,194
8 years$9,477$8,749$8,074$7,448$6,868$4,898
9 years$8,339$7,618$6,954$6,344$5,784$3,926
10 years$7,429$6,715$6,063$5,468$4,928$3,180
11 years$6,684$5,978$5,337$4,759$4,239$2,596
12 years$6,065$5,365$4,737$4,174$3,673$2,133
13 years$5,541$4,849$4,232$3,685$3,203$1,761
14 years$5,092$4,407$3,802$3,271$2,808$1,460
15 years$4,704$4,026$3,433$2,918$2,472$1,214
16 years$4,364$3,694$3,113$2,612$2,185$1,013
17 years$4,065$3,402$2,832$2,347$1,937$847
18 years$3,799$3,143$2,586$2,115$1,723$709
19 years$3,561$2,913$2,367$1,911$1,535$595
20 years$3,348$2,707$2,172$1,731$1,371$499
21 years$3,155$2,522$1,998$1,571$1,227$420
22 years$2,980$2,354$1,842$1,428$1,100$353
23 years$2,820$2,202$1,700$1,301$987$297
24 years$2,674$2,063$1,573$1,187$888$251
25 years$2,539$1,936$1,456$1,084$799$211
26 years$2,416$1,819$1,351$991$719$178
27 years$2,301$1,712$1,254$907$649$150
28 years$2,195$1,613$1,166$831$585$127
29 years$2,097$1,522$1,085$762$528$107
30 years$2,005$1,437$1,011$699$477$90
31 years$1,919$1,359$942$642$432$76
32 years$1,839$1,286$879$590$391$64
33 years$1,764$1,218$821$543$353$54
34 years$1,693$1,154$767$499$320$46
35 years$1,627$1,095$717$460$290$39
36 years$1,564$1,039$671$423$263$33
37 years$1,505$987$628$390$238$28
38 years$1,450$938$588$360$216$23
39 years$1,397$892$551$332$196$20
40 years$1,347$848$516$306$177$17
41 years$1,299$808$484$282$161$14
42 years$1,254$769$454$260$146$12
43 years$1,211$733$426$240$133$10
44 years$1,170$698$400$222$120$9
45 years$1,131$666$376$205$109$7
46 years$1,094$635$353$189$99$6
47 years$1,059$606$331$175$90$5
48 years$1,025$579$311$162$82$4
49 years$993$553$293$149$74$4
50 years$962$528$275$138$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $985,000, adding $2,371 every year, while hoping to spend $56,055 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: 79/9/12 Blend
50$985,000$985,000$985,000$985,000
51$1,087,916$1,035,711$1,020,443$1,171,237
52$1,139,241$1,026,818$994,986$1,217,449
53$1,193,923$1,015,612$966,797$1,260,667
54$1,252,244$1,001,918$935,726$1,306,467
55$1,314,515$985,554$901,615$1,355,082
56$1,381,076$966,327$864,300$1,406,769
57$1,452,300$944,030$823,607$1,461,812
58$1,528,594$918,448$779,358$1,520,524
59$1,610,407$889,348$731,363$1,583,251
60$1,698,231$856,489$679,426$1,650,373
61$1,792,606$819,611$623,342$1,722,311
62$1,894,122$778,443$562,895$1,799,527
63$2,003,432$732,696$497,861$1,882,534
64$2,121,249$682,065$428,006$1,971,894
65$2,248,357$626,227$353,085$2,068,231
66$2,385,619$564,841$272,842$2,172,232
67$2,533,981$497,548$187,012$2,284,653
68$2,694,484$423,965$95,314$2,406,331
69$2,868,273$343,691$0$2,538,188
70$3,056,605$256,300$0$2,681,568
71$3,260,864$161,344$0$2,850,312
72$3,482,571$58,348$0$3,033,482
73$3,723,398$0$0$3,232,490
74$3,985,186$0$0$3,454,152
75$4,269,960$0$0$3,701,589
76$4,579,947$0$0$3,970,961
77$4,917,597$0$0$4,264,401
78$5,285,609$0$0$4,584,257
79$5,686,949$0$0$4,933,111
80$6,124,886$0$0$5,313,809
81$6,603,016$0$0$5,729,479
82$7,125,296$0$0$6,183,568
83$7,696,085$0$0$6,679,870
84$8,320,182$0$0$7,222,559
85$9,002,867$0$0$7,816,236
86$9,749,958$0$0$8,465,962
87$10,567,860$0$0$9,177,313
88$11,463,625$0$0$9,956,428
89$12,445,020$0$0$10,810,068
90$13,520,599$0$0$11,745,680
91$14,699,782$0$0$12,771,463
92$15,992,944$0$0$13,896,448
93$17,411,512$0$0$15,130,585
94$18,968,074$0$0$16,484,830
95$20,676,494$0$0$17,971,252
96$22,552,044$0$0$19,603,145
97$24,611,546$0$0$21,395,154
98$26,873,532$0$0$23,363,412
99$29,358,416$0$0$25,525,690
100$32,088,687$0$0$27,901,565