Can I retire at age 51 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$81,671$80,943$80,233$79,541$78,864$78,073
2 years$40,431$39,678$38,948$38,241$37,554$36,758
3 years$26,686$25,930$25,202$24,501$23,826$23,048
4 years$19,815$19,061$18,341$17,652$16,993$16,240
5 years$15,694$14,944$14,233$13,558$12,918$12,192
6 years$12,947$12,203$11,502$10,843$10,221$9,524
7 years$10,986$10,248$9,559$8,914$8,313$7,644
8 years$9,515$8,785$8,106$7,478$6,896$6,256
9 years$8,373$7,649$6,982$6,370$5,808$5,195
10 years$7,459$6,742$6,087$5,491$4,948$4,364
11 years$6,712$6,002$5,359$4,779$4,256$3,698
12 years$6,089$5,387$4,756$4,191$3,688$3,157
13 years$5,563$4,868$4,249$3,700$3,216$2,711
14 years$5,113$4,425$3,818$3,285$2,819$2,340
15 years$4,723$4,042$3,447$2,929$2,482$2,028
16 years$4,382$3,709$3,125$2,623$2,194$1,763
17 years$4,081$3,416$2,844$2,357$1,945$1,538
18 years$3,814$3,156$2,596$2,124$1,730$1,345
19 years$3,576$2,925$2,377$1,919$1,542$1,178
20 years$3,361$2,718$2,181$1,738$1,377$1,034
21 years$3,168$2,532$2,006$1,577$1,232$910
22 years$2,992$2,363$1,849$1,434$1,104$801
23 years$2,831$2,210$1,707$1,306$991$706
24 years$2,685$2,071$1,579$1,191$891$623
25 years$2,550$1,944$1,462$1,088$802$551
26 years$2,426$1,827$1,356$995$722$487
27 years$2,311$1,719$1,259$911$651$431
28 years$2,204$1,620$1,171$834$588$381
29 years$2,105$1,528$1,090$765$531$338
30 years$2,013$1,443$1,015$702$479$299
31 years$1,927$1,364$946$645$433$265
32 years$1,847$1,291$883$593$392$235
33 years$1,771$1,223$824$545$355$209
34 years$1,700$1,159$770$501$321$185
35 years$1,634$1,099$720$462$291$165
36 years$1,571$1,043$674$425$264$146
37 years$1,511$991$630$392$239$130
38 years$1,455$942$590$361$217$115
39 years$1,402$895$553$333$196$102
40 years$1,352$852$518$307$178$91
41 years$1,304$811$486$283$162$81
42 years$1,259$772$456$261$147$72
43 years$1,216$736$428$241$133$64
44 years$1,175$701$402$223$121$57
45 years$1,136$669$377$206$110$51
46 years$1,099$638$354$190$100$45
47 years$1,063$609$333$176$90$40
48 years$1,029$581$313$162$82$36
49 years$997$555$294$150$75$32
50 years$966$530$276$139$68$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $989,000, adding $6,654 every year, while hoping to spend $30,230 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: 67/9/24 Blend
50$989,000$989,000$989,000$989,000
51$1,096,742$1,044,325$1,028,995$1,163,040
52$1,176,445$1,063,332$1,031,302$1,227,408
53$1,263,264$1,082,258$1,032,673$1,293,719
54$1,357,895$1,101,065$1,033,045$1,365,541
55$1,461,099$1,119,717$1,032,351$1,443,417
56$1,573,719$1,138,170$1,030,522$1,527,946
57$1,696,678$1,156,381$1,027,485$1,619,791
58$1,830,996$1,174,301$1,023,162$1,719,679
59$1,977,795$1,191,878$1,017,475$1,828,413
60$2,138,308$1,209,058$1,010,338$1,946,880
61$2,313,894$1,225,781$1,001,664$2,076,055
62$2,506,051$1,241,984$991,360$2,217,014
63$2,716,427$1,257,600$979,329$2,370,945
64$2,946,836$1,272,556$965,470$2,539,154
65$3,199,276$1,286,774$949,676$2,723,085
66$3,475,950$1,300,173$931,837$2,924,326
67$3,779,279$1,312,664$911,837$3,144,632
68$4,111,935$1,324,155$889,553$3,385,933
69$4,476,858$1,334,544$864,858$3,650,360
70$4,877,287$1,343,725$837,620$3,940,261
71$5,316,788$1,351,586$807,698$4,258,226
72$5,799,292$1,358,005$774,948$4,607,108
73$6,329,128$1,362,855$739,216$4,990,055
74$6,911,063$1,365,999$700,344$5,410,533
75$7,550,351$1,367,293$658,166$5,872,367
76$8,252,780$1,366,583$612,507$6,379,773
77$9,024,723$1,363,705$563,185$6,937,396
78$9,873,204$1,358,486$510,011$7,550,359
79$10,805,961$1,350,742$452,787$8,224,309
80$11,831,518$1,340,278$391,305$8,965,471
81$12,959,268$1,326,887$325,348$9,780,705
82$14,199,558$1,310,349$254,692$10,677,574
83$15,563,788$1,290,431$179,100$11,664,417
84$17,064,520$1,266,888$98,325$12,750,424
85$18,715,593$1,239,457$12,111$13,945,724
86$20,532,257$1,207,863$0$15,261,484
87$22,531,311$1,171,813$0$16,730,471
88$24,731,269$1,130,996$0$18,350,433
89$27,152,529$1,085,085$0$20,133,293
90$29,817,565$1,033,732$0$22,095,614
91$32,751,142$976,571$0$24,255,644
92$35,980,548$913,212$0$26,633,494
93$39,535,850$843,246$0$29,251,324
94$43,450,179$766,238$0$32,133,556
95$47,760,043$681,729$0$35,307,099
96$52,505,669$589,235$0$38,801,608
97$57,731,382$488,242$0$42,649,763
98$63,486,027$378,210$0$46,887,576
99$69,823,426$258,567$0$51,554,730
100$76,802,888$128,709$0$56,694,958