Can I retire at age 51 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$81,753$81,025$80,315$79,621$78,944$76,234
2 years$40,472$39,718$38,988$38,279$37,592$34,890
3 years$26,713$25,956$25,228$24,526$23,850$21,240
4 years$19,835$19,081$18,359$17,670$17,010$14,512
5 years$15,710$14,959$14,248$13,572$12,931$10,551
6 years$12,960$12,215$11,514$10,854$10,232$7,973
7 years$10,997$10,259$9,568$8,923$8,321$6,182
8 years$9,525$8,793$8,115$7,486$6,903$4,883
9 years$8,381$7,656$6,989$6,376$5,813$3,909
10 years$7,466$6,749$6,093$5,496$4,953$3,162
11 years$6,718$6,008$5,364$4,783$4,260$2,578
12 years$6,095$5,392$4,761$4,196$3,692$2,115
13 years$5,569$4,873$4,253$3,704$3,219$1,744
14 years$5,118$4,430$3,822$3,288$2,822$1,444
15 years$4,727$4,046$3,451$2,932$2,485$1,199
16 years$4,386$3,713$3,128$2,626$2,196$999
17 years$4,085$3,419$2,847$2,359$1,947$834
18 years$3,818$3,159$2,599$2,126$1,731$697
19 years$3,579$2,928$2,379$1,921$1,543$584
20 years$3,365$2,721$2,183$1,740$1,378$490
21 years$3,171$2,534$2,008$1,579$1,233$411
22 years$2,995$2,366$1,851$1,436$1,106$345
23 years$2,834$2,213$1,709$1,308$992$290
24 years$2,687$2,073$1,581$1,193$892$244
25 years$2,552$1,946$1,464$1,089$803$205
26 years$2,428$1,829$1,358$996$723$173
27 years$2,313$1,721$1,261$912$652$146
28 years$2,206$1,622$1,172$835$588$123
29 years$2,107$1,530$1,091$766$531$103
30 years$2,015$1,445$1,016$703$480$87
31 years$1,929$1,366$947$646$434$74
32 years$1,848$1,292$884$593$392$62
33 years$1,773$1,224$825$546$355$52
34 years$1,702$1,160$771$502$322$44
35 years$1,635$1,100$721$462$291$37
36 years$1,572$1,044$674$426$264$31
37 years$1,513$992$631$392$239$26
38 years$1,457$942$591$361$217$22
39 years$1,404$896$554$333$197$19
40 years$1,353$853$519$307$178$16
41 years$1,306$812$487$284$162$13
42 years$1,260$773$456$262$147$11
43 years$1,217$737$428$242$133$10
44 years$1,176$702$402$223$121$8
45 years$1,137$669$378$206$110$7
46 years$1,100$639$355$190$100$6
47 years$1,064$609$333$176$91$5
48 years$1,030$582$313$162$82$4
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $990,000, adding $2,771 every year, while hoping to spend $35,713 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: 32/42/26 Blend
50$990,000$990,000$990,000$990,000
51$1,093,838$1,041,368$1,026,023$1,120,063
52$1,167,411$1,054,397$1,022,397$1,153,304
53$1,247,292$1,066,867$1,017,452$1,185,712
54$1,334,086$1,078,714$1,011,106$1,219,910
55$1,428,459$1,089,867$1,003,275$1,256,078
56$1,531,145$1,100,253$993,867$1,294,419
57$1,642,949$1,109,794$982,790$1,335,156
58$1,764,760$1,118,404$969,943$1,378,539
59$1,897,554$1,125,994$955,225$1,424,846
60$2,042,406$1,132,469$938,526$1,474,384
61$2,200,499$1,137,727$919,734$1,527,496
62$2,373,134$1,141,660$898,730$1,584,561
63$2,561,746$1,144,154$875,390$1,646,002
64$2,767,914$1,145,087$849,584$1,712,285
65$2,993,373$1,144,328$821,178$1,783,932
66$3,240,038$1,141,742$790,028$1,861,517
67$3,510,016$1,137,180$755,988$1,945,679
68$3,805,625$1,130,489$718,901$2,037,127
69$4,129,420$1,121,505$678,605$2,136,646
70$4,484,214$1,110,052$634,932$2,245,105
71$4,873,105$1,095,946$587,704$2,363,468
72$5,299,506$1,078,991$536,736$2,492,802
73$5,767,174$1,058,980$481,835$2,634,289
74$6,280,248$1,035,693$422,799$2,789,238
75$6,843,288$1,008,896$359,417$2,959,098
76$7,461,315$978,344$291,469$3,145,471
77$8,139,861$943,775$218,725$3,350,132
78$8,885,020$904,913$140,946$3,575,044
79$9,703,504$861,466$57,879$3,822,378
80$10,602,709$813,124$0$4,094,535
81$11,590,780$759,562$0$4,402,706
82$12,676,691$700,433$0$4,758,982
83$13,870,331$635,371$0$5,150,615
84$15,182,592$563,991$0$5,581,275
85$16,625,473$485,884$0$6,055,012
86$18,212,198$400,619$0$6,576,300
87$19,957,333$307,740$0$7,150,074
88$21,876,928$206,766$0$7,781,780
89$23,988,666$97,189$0$8,477,429
90$26,312,030$0$0$9,243,656
91$28,868,488$0$0$10,097,730
92$31,681,692$0$0$11,087,181
93$34,777,705$0$0$12,176,280
94$38,185,242$0$0$13,375,150
95$41,935,944$0$0$14,694,947
96$46,064,676$0$0$16,147,963
97$50,609,854$0$0$17,747,741
98$55,613,807$0$0$19,509,207
99$61,123,178$0$0$21,448,804
100$67,189,363$0$0$23,584,655