Can I retire at age 51 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$81,836$81,107$80,396$79,702$79,024$77,779
2 years$40,513$39,758$39,027$38,318$37,630$36,379
3 years$26,740$25,982$25,253$24,551$23,874$22,656
4 years$19,855$19,100$18,378$17,687$17,027$15,851
5 years$15,725$14,975$14,262$13,586$12,944$11,813
6 years$12,973$12,228$11,526$10,865$10,242$9,158
7 years$11,008$10,269$9,578$8,932$8,330$7,293
8 years$9,535$8,802$8,123$7,493$6,910$5,921
9 years$8,389$7,664$6,996$6,382$5,819$4,877
10 years$7,474$6,755$6,099$5,502$4,958$4,062
11 years$6,725$6,014$5,370$4,788$4,264$3,412
12 years$6,102$5,398$4,766$4,200$3,695$2,887
13 years$5,575$4,878$4,258$3,708$3,222$2,457
14 years$5,123$4,434$3,826$3,291$2,825$2,101
15 years$4,732$4,051$3,454$2,935$2,487$1,803
16 years$4,391$3,716$3,132$2,628$2,198$1,553
17 years$4,089$3,423$2,850$2,362$1,949$1,341
18 years$3,822$3,163$2,601$2,128$1,733$1,161
19 years$3,583$2,931$2,381$1,923$1,545$1,007
20 years$3,368$2,724$2,186$1,742$1,380$875
21 years$3,174$2,537$2,010$1,581$1,235$761
22 years$2,998$2,368$1,853$1,437$1,107$663
23 years$2,837$2,215$1,711$1,309$993$578
24 years$2,690$2,075$1,582$1,194$893$505
25 years$2,555$1,948$1,465$1,090$804$441
26 years$2,430$1,830$1,359$997$724$386
27 years$2,315$1,723$1,262$912$653$338
28 years$2,209$1,623$1,173$836$589$295
29 years$2,110$1,531$1,092$767$532$259
30 years$2,017$1,446$1,017$704$480$227
31 years$1,931$1,367$948$646$434$199
32 years$1,850$1,294$885$594$393$174
33 years$1,775$1,225$826$546$356$153
34 years$1,704$1,161$772$502$322$134
35 years$1,637$1,101$721$463$292$118
36 years$1,574$1,045$675$426$264$103
37 years$1,515$993$632$392$239$91
38 years$1,458$943$592$362$217$80
39 years$1,405$897$554$334$197$70
40 years$1,355$854$519$308$179$61
41 years$1,307$812$487$284$162$54
42 years$1,262$774$457$262$147$47
43 years$1,219$737$429$242$133$42
44 years$1,177$703$402$223$121$36
45 years$1,138$670$378$206$110$32
46 years$1,101$639$355$190$100$28
47 years$1,065$610$333$176$91$25
48 years$1,031$582$313$163$82$22
49 years$999$556$295$150$75$19
50 years$968$531$277$139$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $991,000, adding $2,224 every year, while hoping to spend $42,127 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: 70/10/20 Blend
50$991,000$991,000$991,000$991,000
51$1,094,376$1,041,853$1,026,493$1,165,478
52$1,161,180$1,048,081$1,016,057$1,219,417
53$1,233,385$1,053,202$1,003,860$1,273,250
54$1,311,499$1,057,118$989,799$1,331,132
55$1,396,079$1,059,724$973,764$1,393,460
56$1,487,736$1,060,907$955,642$1,460,672
57$1,587,144$1,060,550$935,314$1,533,248
58$1,695,042$1,058,527$912,657$1,611,722
59$1,812,246$1,054,704$887,540$1,696,682
60$1,939,650$1,048,939$859,828$1,788,774
61$2,078,239$1,041,083$829,377$1,888,714
62$2,229,099$1,030,975$796,041$1,997,291
63$2,393,420$1,018,446$759,661$2,115,374
64$2,572,517$1,003,317$720,078$2,243,925
65$2,767,833$985,399$677,119$2,384,003
66$2,980,958$964,490$630,609$2,536,776
67$3,213,642$940,376$580,361$2,703,533
68$3,467,811$912,833$526,181$2,885,698
69$3,745,587$881,620$467,867$3,084,839
70$4,049,304$846,487$405,208$3,302,687
71$4,381,532$807,164$337,981$3,541,153
72$4,745,103$763,369$265,958$3,802,341
73$5,143,132$714,803$188,896$4,088,575
74$5,579,052$661,149$106,545$4,402,419
75$6,056,643$602,073$18,642$4,746,697
76$6,580,066$537,220$0$5,124,528
77$7,153,907$466,218$0$5,555,391
78$7,783,214$388,671$0$6,032,324
79$8,473,547$304,161$0$6,555,591
80$9,231,032$212,249$0$7,129,870
81$10,062,417$112,468$0$7,760,317
82$10,975,132$4,327$0$8,452,612
83$11,977,363$0$0$9,213,015
84$13,078,130$0$0$10,060,826
85$14,287,365$0$0$10,992,759
86$15,616,014$0$0$12,016,781
87$17,076,132$0$0$13,142,189
88$18,681,001$0$0$14,379,230
89$20,445,254$0$0$15,739,189
90$22,385,014$0$0$17,234,503
91$24,518,041$0$0$18,878,871
92$26,863,903$0$0$20,687,387
93$29,444,162$0$0$22,676,683
94$32,282,572$0$0$24,865,081
95$35,405,306$0$0$27,272,771
96$38,841,200$0$0$29,921,995
97$42,622,029$0$0$32,837,263
98$46,782,802$0$0$36,045,580
99$51,362,094$0$0$39,576,702
100$56,402,408$0$0$43,463,413