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%19.1%
1 years$81,836$81,107$80,396$79,702$79,024$76,129
2 years$40,513$39,758$39,027$38,318$37,630$34,746
3 years$26,740$25,982$25,253$24,551$23,874$21,091
4 years$19,855$19,100$18,378$17,687$17,027$14,367
5 years$15,725$14,975$14,262$13,586$12,944$10,413
6 years$12,973$12,228$11,526$10,865$10,242$7,842
7 years$11,008$10,269$9,578$8,932$8,330$6,061
8 years$9,535$8,802$8,123$7,493$6,910$4,770
9 years$8,389$7,664$6,996$6,382$5,819$3,805
10 years$7,474$6,755$6,099$5,502$4,958$3,066
11 years$6,725$6,014$5,370$4,788$4,264$2,490
12 years$6,102$5,398$4,766$4,200$3,695$2,035
13 years$5,575$4,878$4,258$3,708$3,222$1,671
14 years$5,123$4,434$3,826$3,291$2,825$1,378
15 years$4,732$4,051$3,454$2,935$2,487$1,139
16 years$4,391$3,716$3,132$2,628$2,198$945
17 years$4,089$3,423$2,850$2,362$1,949$785
18 years$3,822$3,163$2,601$2,128$1,733$654
19 years$3,583$2,931$2,381$1,923$1,545$545
20 years$3,368$2,724$2,186$1,742$1,380$455
21 years$3,174$2,537$2,010$1,581$1,235$380
22 years$2,998$2,368$1,853$1,437$1,107$318
23 years$2,837$2,215$1,711$1,309$993$266
24 years$2,690$2,075$1,582$1,194$893$222
25 years$2,555$1,948$1,465$1,090$804$186
26 years$2,430$1,830$1,359$997$724$156
27 years$2,315$1,723$1,262$912$653$131
28 years$2,209$1,623$1,173$836$589$110
29 years$2,110$1,531$1,092$767$532$92
30 years$2,017$1,446$1,017$704$480$77
31 years$1,931$1,367$948$646$434$65
32 years$1,850$1,294$885$594$393$54
33 years$1,775$1,225$826$546$356$46
34 years$1,704$1,161$772$502$322$38
35 years$1,637$1,101$721$463$292$32
36 years$1,574$1,045$675$426$264$27
37 years$1,515$993$632$392$239$23
38 years$1,458$943$592$362$217$19
39 years$1,405$897$554$334$197$16
40 years$1,355$854$519$308$179$13
41 years$1,307$812$487$284$162$11
42 years$1,262$774$457$262$147$9
43 years$1,219$737$429$242$133$8
44 years$1,177$703$402$223$121$7
45 years$1,138$670$378$206$110$6
46 years$1,101$639$355$190$100$5
47 years$1,065$610$333$176$91$4
48 years$1,031$582$313$163$82$3
49 years$999$556$295$150$75$3
50 years$968$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $991,000, adding $3,669 every year, while hoping to spend $26,849 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: 66/9/25 Blend
50$991,000$991,000$991,000$991,000
51$1,095,867$1,043,344$1,027,983$1,160,850
52$1,179,078$1,065,900$1,033,853$1,227,609
53$1,269,877$1,088,662$1,039,020$1,297,205
54$1,369,009$1,111,612$1,043,432$1,372,687
55$1,477,295$1,134,728$1,047,035$1,454,635
56$1,595,639$1,157,989$1,049,770$1,543,691
57$1,725,035$1,181,372$1,051,579$1,640,560
58$1,866,579$1,204,849$1,052,397$1,746,020
59$2,021,477$1,228,393$1,052,158$1,860,928
60$2,191,055$1,251,973$1,050,794$1,986,229
61$2,376,778$1,275,554$1,048,230$2,122,965
62$2,580,255$1,299,102$1,044,391$2,272,284
63$2,803,259$1,322,576$1,039,197$2,435,452
64$3,047,744$1,345,935$1,032,563$2,613,863
65$3,315,861$1,369,133$1,024,400$2,809,056
66$3,609,979$1,392,121$1,014,618$3,022,725
67$3,932,708$1,414,846$1,003,119$3,256,738
68$4,286,923$1,437,251$989,802$3,513,154
69$4,675,789$1,459,277$974,560$3,794,244
70$5,102,795$1,480,857$957,284$4,102,510
71$5,571,783$1,501,922$937,856$4,440,709
72$6,086,986$1,522,397$916,155$4,811,883
73$6,653,066$1,542,202$892,053$5,219,381
74$7,275,160$1,561,252$865,419$5,666,897
75$7,958,928$1,579,454$836,112$6,158,504
76$8,710,603$1,596,713$803,986$6,698,689
77$9,537,056$1,612,922$768,890$7,292,398
78$10,445,852$1,627,972$730,665$7,945,085
79$11,445,330$1,641,744$689,143$8,662,759
80$12,544,676$1,654,112$644,152$9,452,045
81$13,754,011$1,664,941$595,509$10,320,244
82$15,084,486$1,674,089$543,024$11,275,405
83$16,548,387$1,681,403$486,500$12,326,399
84$18,159,254$1,686,723$425,728$13,483,003
85$19,932,000$1,689,875$360,493$14,755,994
86$21,883,063$1,690,678$290,568$16,157,251
87$24,030,551$1,688,936$215,718$17,699,865
88$26,394,419$1,684,446$135,696$19,398,267
89$28,996,653$1,676,986$50,244$21,268,361
90$31,861,479$1,666,327$0$23,327,677
91$35,015,594$1,652,221$0$25,606,457
92$38,488,412$1,634,407$0$28,130,088
93$42,312,346$1,612,609$0$30,908,699
94$46,523,112$1,586,534$0$33,968,240
95$51,160,066$1,555,871$0$37,337,304
96$56,266,575$1,520,290$0$41,047,402
97$61,890,425$1,479,444$0$45,133,256
98$68,084,274$1,432,963$0$49,633,131
99$74,906,149$1,380,456$0$54,589,192
100$82,419,989$1,321,511$0$60,047,904