Can I retire at age 51 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$81,506$80,780$80,071$79,380$78,705$77,883
2 years$40,349$39,598$38,870$38,163$37,478$36,651
3 years$26,632$25,878$25,151$24,452$23,778$22,970
4 years$19,775$19,023$18,304$17,616$16,959$16,177
5 years$15,662$14,914$14,204$13,531$12,892$12,138
6 years$12,921$12,178$11,479$10,821$10,201$9,477
7 years$10,963$10,227$9,539$8,896$8,296$7,602
8 years$9,496$8,767$8,090$7,463$6,882$6,218
9 years$8,356$7,633$6,968$6,357$5,796$5,161
10 years$7,444$6,728$6,075$5,480$4,938$4,332
11 years$6,698$5,990$5,348$4,769$4,247$3,669
12 years$6,077$5,376$4,746$4,183$3,680$3,130
13 years$5,552$4,858$4,241$3,693$3,209$2,687
14 years$5,102$4,416$3,810$3,278$2,813$2,317
15 years$4,713$4,034$3,440$2,924$2,477$2,007
16 years$4,373$3,701$3,119$2,618$2,189$1,744
17 years$4,073$3,409$2,838$2,352$1,941$1,520
18 years$3,806$3,150$2,591$2,120$1,726$1,328
19 years$3,568$2,919$2,372$1,915$1,538$1,163
20 years$3,355$2,713$2,177$1,735$1,374$1,020
21 years$3,161$2,527$2,002$1,574$1,230$896
22 years$2,986$2,359$1,845$1,431$1,102$789
23 years$2,826$2,206$1,704$1,304$989$695
24 years$2,679$2,067$1,576$1,189$889$613
25 years$2,545$1,940$1,459$1,086$800$541
26 years$2,421$1,823$1,354$993$721$478
27 years$2,306$1,716$1,257$909$650$422
28 years$2,200$1,617$1,168$833$586$374
29 years$2,101$1,525$1,087$764$530$331
30 years$2,009$1,440$1,013$701$478$293
31 years$1,923$1,362$944$644$433$259
32 years$1,843$1,288$881$591$391$230
33 years$1,768$1,220$823$544$354$204
34 years$1,697$1,156$769$500$321$181
35 years$1,630$1,097$719$461$290$160
36 years$1,568$1,041$672$424$263$142
37 years$1,508$989$629$391$238$126
38 years$1,452$940$589$360$216$112
39 years$1,400$893$552$332$196$99
40 years$1,349$850$517$306$178$88
41 years$1,302$809$485$283$161$78
42 years$1,257$771$455$261$146$70
43 years$1,214$734$427$241$133$62
44 years$1,173$700$401$222$121$55
45 years$1,134$667$376$205$109$49
46 years$1,097$637$354$190$99$43
47 years$1,061$608$332$175$90$39
48 years$1,027$580$312$162$82$34
49 years$995$554$293$150$74$30
50 years$964$529$276$138$68$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $987,000, adding $2,584 every year, while hoping to spend $41,591 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$987,000$987,000$987,000$987,000
51$1,090,339$1,038,028$1,022,730$1,168,692
52$1,157,302$1,044,639$1,012,739$1,227,415
53$1,229,700$1,050,180$1,001,019$1,286,317
54$1,308,045$1,054,555$987,469$1,349,738
55$1,392,898$1,057,660$971,982$1,418,115
56$1,484,876$1,059,388$954,446$1,491,929
57$1,584,658$1,059,623$934,744$1,571,712
58$1,692,990$1,058,241$912,755$1,658,048
59$1,810,693$1,055,113$888,350$1,751,583
60$1,938,669$1,050,099$861,396$1,853,027
61$2,077,913$1,043,053$831,752$1,963,164
62$2,229,517$1,033,820$799,272$2,082,859
63$2,394,683$1,022,232$763,803$2,213,065
64$2,574,736$1,008,117$725,186$2,354,832
65$2,771,131$991,287$683,252$2,509,318
66$2,985,473$971,547$637,827$2,677,802
67$3,219,526$948,687$588,729$2,861,691
68$3,475,233$922,488$535,766$3,062,539
69$3,754,732$892,715$478,740$3,282,056
70$4,060,378$859,121$417,441$3,522,132
71$4,394,764$821,446$351,653$3,784,846
72$4,760,744$779,411$281,148$4,072,495
73$5,161,463$732,725$205,689$4,387,608
74$5,600,381$681,078$125,029$4,732,975
75$6,081,311$624,142$38,908$5,111,672
76$6,608,451$561,571$0$5,527,090
77$7,186,426$493,000$0$5,990,884
78$7,820,326$418,043$0$6,505,978
79$8,515,763$336,290$0$7,071,141
80$9,278,913$247,311$0$7,691,431
81$10,116,583$150,650$0$8,372,419
82$11,036,269$45,826$0$9,120,244
83$12,046,229$0$0$9,941,674
84$13,155,558$0$0$10,852,355
85$14,374,278$0$0$11,858,975
86$15,713,429$0$0$12,965,110
87$17,185,172$0$0$14,180,811
88$18,802,905$0$0$15,517,151
89$20,581,389$0$0$16,986,330
90$22,536,888$0$0$18,601,788
91$24,687,317$0$0$20,378,332
92$27,052,418$0$0$22,332,277
93$29,653,940$0$0$24,481,598
94$32,515,845$0$0$26,846,100
95$35,664,536$0$0$29,447,604
96$39,129,104$0$0$32,310,152
97$42,941,602$0$0$35,460,235
98$47,137,347$0$0$38,927,041
99$51,755,252$0$0$42,742,733
100$56,838,195$0$0$46,942,746