Can I retire at age 51 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$81,423$80,698$79,990$79,299$78,625$77,610
2 years$40,308$39,558$38,830$38,125$37,440$36,420
3 years$26,605$25,851$25,126$24,427$23,754$22,759
4 years$19,755$19,004$18,285$17,598$16,941$15,979
5 years$15,646$14,899$14,190$13,517$12,879$11,953
6 years$12,908$12,166$11,468$10,810$10,190$9,302
7 years$10,952$10,217$9,530$8,887$8,288$7,436
8 years$9,487$8,758$8,082$7,455$6,875$6,061
9 years$8,347$7,625$6,961$6,350$5,790$5,013
10 years$7,436$6,721$6,069$5,474$4,933$4,193
11 years$6,691$5,984$5,343$4,764$4,243$3,538
12 years$6,071$5,371$4,742$4,179$3,677$3,007
13 years$5,546$4,853$4,236$3,689$3,206$2,571
14 years$5,097$4,412$3,806$3,275$2,811$2,208
15 years$4,708$4,030$3,437$2,921$2,475$1,905
16 years$4,368$3,698$3,116$2,615$2,187$1,648
17 years$4,069$3,405$2,835$2,350$1,939$1,431
18 years$3,803$3,147$2,588$2,117$1,724$1,245
19 years$3,565$2,916$2,369$1,913$1,537$1,085
20 years$3,351$2,710$2,174$1,733$1,373$948
21 years$3,158$2,524$2,000$1,573$1,228$829
22 years$2,983$2,356$1,843$1,430$1,101$726
23 years$2,823$2,204$1,702$1,302$988$637
24 years$2,676$2,065$1,574$1,188$888$559
25 years$2,542$1,938$1,458$1,085$799$491
26 years$2,418$1,821$1,352$992$720$432
27 years$2,304$1,714$1,256$908$649$380
28 years$2,198$1,615$1,167$832$586$334
29 years$2,099$1,524$1,086$763$529$295
30 years$2,007$1,439$1,012$700$478$260
31 years$1,921$1,360$943$643$432$229
32 years$1,841$1,287$880$591$391$202
33 years$1,766$1,219$822$543$354$178
34 years$1,695$1,155$768$500$320$157
35 years$1,629$1,096$718$460$290$139
36 years$1,566$1,040$672$424$263$122
37 years$1,507$988$629$391$238$108
38 years$1,451$939$589$360$216$95
39 years$1,398$893$551$332$196$84
40 years$1,348$849$517$306$178$74
41 years$1,300$808$485$282$161$66
42 years$1,255$770$455$261$146$58
43 years$1,212$734$427$241$133$51
44 years$1,172$699$400$222$120$45
45 years$1,133$667$376$205$109$40
46 years$1,095$636$353$190$99$35
47 years$1,060$607$332$175$90$31
48 years$1,026$579$312$162$82$28
49 years$994$553$293$150$74$24
50 years$963$529$276$138$68$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $986,000, adding $3,398 every year, while hoping to spend $43,477 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: 75/11/14 Blend
50$986,000$986,000$986,000$986,000
51$1,090,077$1,037,819$1,022,536$1,168,350
52$1,155,006$1,042,413$1,010,532$1,225,115
53$1,225,100$1,045,775$996,668$1,281,556
54$1,300,841$1,047,798$980,837$1,342,229
55$1,382,757$1,048,371$962,925$1,407,541
56$1,471,429$1,047,372$942,814$1,477,942
57$1,567,496$1,044,674$920,380$1,553,927
58$1,671,660$1,040,143$895,492$1,636,042
59$1,784,694$1,033,635$868,016$1,724,890
60$1,907,447$1,024,997$837,808$1,821,134
61$2,040,853$1,014,068$804,722$1,925,508
62$2,185,940$1,000,678$768,600$2,038,818
63$2,343,839$984,644$729,281$2,161,954
64$2,515,794$965,775$686,596$2,295,899
65$2,703,174$943,867$640,366$2,441,735
66$2,907,487$918,706$590,407$2,600,656
67$3,130,390$890,061$536,525$2,773,979
68$3,373,708$857,693$478,517$2,963,154
69$3,639,452$821,346$416,173$3,169,784
70$3,929,833$780,748$349,271$3,395,633
71$4,247,286$735,615$277,582$3,642,648
72$4,594,492$685,644$200,864$3,912,975
73$4,974,405$630,514$118,867$4,208,981
74$5,390,273$569,888$31,328$4,533,277
75$5,845,676$503,408$0$4,888,739
76$6,344,558$430,698$0$5,287,817
77$6,891,258$351,357$0$5,730,331
78$7,490,557$264,964$0$6,215,499
79$8,147,721$171,075$0$6,747,621
80$8,868,549$69,218$0$7,331,437
81$9,659,429$0$0$7,972,167
82$10,527,397$0$0$8,680,543
83$11,480,203$0$0$9,467,396
84$12,526,384$0$0$10,331,404
85$13,675,344$0$0$11,280,337
86$14,937,443$0$0$12,322,759
87$16,324,094$0$0$13,468,100
88$17,847,868$0$0$14,726,751
89$19,522,617$0$0$16,110,158
90$21,363,600$0$0$17,630,934
91$23,387,628$0$0$19,302,972
92$25,613,222$0$0$21,141,578
93$28,060,789$0$0$23,163,618
94$30,752,810$0$0$25,387,672
95$33,714,057$0$0$27,834,212
96$36,971,822$0$0$30,525,796
97$40,556,175$0$0$33,487,274
98$44,500,249$0$0$36,746,030
99$48,840,550$0$0$40,332,236
100$53,617,301$0$0$44,279,135