Can I retire at age 51 with 990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$81,753$81,025$80,315$79,621$78,944$77,350
2 years$40,472$39,718$38,988$38,279$37,592$35,994
3 years$26,713$25,956$25,228$24,526$23,850$22,296
4 years$19,835$19,081$18,359$17,670$17,010$15,513
5 years$15,710$14,959$14,248$13,572$12,931$11,495
6 years$12,960$12,215$11,514$10,854$10,232$8,859
7 years$10,997$10,259$9,568$8,923$8,321$7,011
8 years$9,525$8,793$8,115$7,486$6,903$5,656
9 years$8,381$7,656$6,989$6,376$5,813$4,628
10 years$7,466$6,749$6,093$5,496$4,953$3,828
11 years$6,718$6,008$5,364$4,783$4,260$3,194
12 years$6,095$5,392$4,761$4,196$3,692$2,684
13 years$5,569$4,873$4,253$3,704$3,219$2,267
14 years$5,118$4,430$3,822$3,288$2,822$1,924
15 years$4,727$4,046$3,451$2,932$2,485$1,639
16 years$4,386$3,713$3,128$2,626$2,196$1,401
17 years$4,085$3,419$2,847$2,359$1,947$1,200
18 years$3,818$3,159$2,599$2,126$1,731$1,031
19 years$3,579$2,928$2,379$1,921$1,543$887
20 years$3,365$2,721$2,183$1,740$1,378$764
21 years$3,171$2,534$2,008$1,579$1,233$659
22 years$2,995$2,366$1,851$1,436$1,106$570
23 years$2,834$2,213$1,709$1,308$992$493
24 years$2,687$2,073$1,581$1,193$892$426
25 years$2,552$1,946$1,464$1,089$803$369
26 years$2,428$1,829$1,358$996$723$320
27 years$2,313$1,721$1,261$912$652$278
28 years$2,206$1,622$1,172$835$588$241
29 years$2,107$1,530$1,091$766$531$209
30 years$2,015$1,445$1,016$703$480$181
31 years$1,929$1,366$947$646$434$158
32 years$1,848$1,292$884$593$392$137
33 years$1,773$1,224$825$546$355$119
34 years$1,702$1,160$771$502$322$103
35 years$1,635$1,100$721$462$291$90
36 years$1,572$1,044$674$426$264$78
37 years$1,513$992$631$392$239$68
38 years$1,457$942$591$361$217$59
39 years$1,404$896$554$333$197$51
40 years$1,353$853$519$307$178$45
41 years$1,306$812$487$284$162$39
42 years$1,260$773$456$262$147$34
43 years$1,217$737$428$242$133$29
44 years$1,176$702$402$223$121$26
45 years$1,137$669$378$206$110$22
46 years$1,100$639$355$190$100$19
47 years$1,064$609$333$176$91$17
48 years$1,030$582$313$162$82$15
49 years$998$556$294$150$75$13
50 years$967$531$277$139$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $990,000, adding $5,839 every year, while hoping to spend $34,599 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: 66/7/27 Blend
50$990,000$990,000$990,000$990,000
51$1,097,003$1,044,533$1,029,188$1,161,281
52$1,172,084$1,058,902$1,026,853$1,219,711
53$1,253,664$1,072,815$1,023,280$1,279,163
54$1,342,369$1,086,215$1,018,391$1,343,395
55$1,438,888$1,099,037$1,012,104$1,412,881
56$1,543,979$1,111,214$1,004,334$1,488,143
57$1,658,477$1,122,675$994,991$1,569,759
58$1,783,299$1,133,344$983,981$1,658,364
59$1,919,457$1,143,139$971,206$1,754,660
60$2,068,062$1,151,973$956,561$1,859,420
61$2,230,338$1,159,754$939,940$1,973,499
62$2,407,634$1,166,383$921,229$2,097,838
63$2,601,432$1,171,756$900,310$2,233,475
64$2,813,367$1,175,760$877,059$2,381,555
65$3,045,237$1,178,279$851,347$2,543,343
66$3,299,022$1,179,185$823,038$2,720,231
67$3,576,903$1,178,346$791,991$2,913,757
68$3,881,281$1,175,619$758,056$3,125,616
69$4,214,801$1,170,854$721,081$3,357,676
70$4,580,376$1,163,891$680,902$3,611,999
71$4,981,213$1,154,560$637,351$3,890,860
72$5,420,844$1,142,681$590,250$4,196,764
73$5,903,162$1,128,064$539,415$4,532,477
74$6,432,452$1,110,507$484,653$4,901,047
75$7,013,435$1,089,795$425,762$5,305,837
76$7,651,313$1,065,702$362,532$5,750,553
77$8,351,812$1,037,987$294,742$6,239,284
78$9,121,245$1,006,396$222,164$6,776,536
79$9,966,562$970,660$144,557$7,367,280
80$10,895,423$930,494$61,671$8,016,995
81$11,916,265$885,596$0$8,731,722
82$13,038,381$835,648$0$9,525,839
83$14,272,013$780,312$0$10,418,435
84$15,628,443$719,232$0$11,399,904
85$17,120,100$652,030$0$12,479,258
86$18,760,679$578,309$0$13,666,428
87$20,565,269$497,646$0$14,972,356
88$22,550,493$409,598$0$16,409,099
89$24,734,669$313,693$0$17,989,946
90$27,137,977$209,436$0$19,729,537
91$29,782,655$96,302$0$21,644,005
92$32,693,202$0$0$23,751,130
93$35,896,616$0$0$26,072,526
94$39,422,642$0$0$28,635,948
95$43,304,058$0$0$31,457,815
96$47,576,977$0$0$34,564,395
97$52,281,195$0$0$37,984,629
98$57,460,561$0$0$41,750,409
99$63,163,393$0$0$45,896,876
100$69,442,932$0$0$50,462,752