Can I retire at age 51 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$81,918$81,189$80,477$79,782$79,103$76,541
2 years$40,554$39,798$39,066$38,357$37,668$35,110
3 years$26,767$26,009$25,279$24,576$23,898$21,426
4 years$19,875$19,119$18,396$17,705$17,044$14,676
5 years$15,741$14,990$14,276$13,599$12,957$10,699
6 years$12,986$12,240$11,537$10,876$10,252$8,106
7 years$11,019$10,279$9,588$8,941$8,338$6,304
8 years$9,544$8,811$8,131$7,501$6,917$4,994
9 years$8,398$7,672$7,003$6,389$5,825$4,010
10 years$7,481$6,762$6,106$5,507$4,963$3,254
11 years$6,732$6,020$5,375$4,793$4,269$2,662
12 years$6,108$5,403$4,770$4,204$3,699$2,191
13 years$5,580$4,883$4,262$3,712$3,226$1,813
14 years$5,128$4,439$3,829$3,295$2,828$1,506
15 years$4,737$4,055$3,458$2,938$2,490$1,255
16 years$4,395$3,720$3,135$2,631$2,200$1,049
17 years$4,093$3,426$2,852$2,364$1,951$879
18 years$3,826$3,166$2,604$2,130$1,735$738
19 years$3,587$2,934$2,384$1,925$1,546$620
20 years$3,371$2,726$2,188$1,743$1,381$522
21 years$3,177$2,540$2,012$1,582$1,236$440
22 years$3,001$2,371$1,855$1,439$1,108$371
23 years$2,840$2,217$1,712$1,310$994$313
24 years$2,693$2,077$1,584$1,195$894$264
25 years$2,558$1,950$1,467$1,091$804$223
26 years$2,433$1,832$1,360$998$725$189
27 years$2,318$1,724$1,263$913$653$160
28 years$2,211$1,625$1,174$837$589$135
29 years$2,112$1,533$1,093$767$532$114
30 years$2,019$1,448$1,018$704$481$97
31 years$1,933$1,368$949$647$435$82
32 years$1,852$1,295$885$594$393$69
33 years$1,777$1,226$827$547$356$59
34 years$1,705$1,162$772$503$322$50
35 years$1,639$1,102$722$463$292$42
36 years$1,576$1,046$676$426$264$36
37 years$1,516$994$632$393$240$30
38 years$1,460$944$592$362$217$26
39 years$1,407$898$555$334$197$22
40 years$1,356$854$520$308$179$18
41 years$1,308$813$488$284$162$16
42 years$1,263$775$457$262$147$13
43 years$1,220$738$429$242$134$11
44 years$1,179$703$403$224$121$9
45 years$1,139$671$378$206$110$8
46 years$1,102$640$355$191$100$7
47 years$1,066$611$334$176$91$6
48 years$1,032$583$314$163$82$5
49 years$1,000$557$295$150$75$4
50 years$969$532$277$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $992,000, adding $3,832 every year, while hoping to spend $50,218 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: 34/38/28 Blend
50$992,000$992,000$992,000$992,000
51$1,097,137$1,044,561$1,029,185$1,125,036
52$1,155,613$1,042,313$1,010,231$1,144,161
53$1,218,371$1,038,271$988,959$1,160,014
54$1,285,794$1,032,296$965,238$1,176,139
55$1,358,303$1,024,237$938,932$1,192,594
56$1,436,362$1,013,936$909,898$1,209,449
57$1,520,476$1,001,224$877,985$1,226,782
58$1,611,205$985,925$843,038$1,244,688
59$1,709,161$967,848$804,893$1,263,273
60$1,815,018$946,794$763,379$1,282,661
61$1,929,514$922,552$718,317$1,302,992
62$2,053,465$894,897$669,520$1,324,429
63$2,187,763$863,592$616,794$1,347,154
64$2,333,392$828,385$559,934$1,371,379
65$2,491,433$789,011$498,727$1,397,340
66$2,663,076$745,189$432,951$1,425,306
67$2,849,628$696,622$362,373$1,455,582
68$3,052,528$642,995$286,750$1,488,513
69$3,273,360$583,975$205,830$1,524,484
70$3,513,865$519,212$119,348$1,563,933
71$3,775,960$448,334$27,026$1,607,350
72$4,061,754$370,949$0$1,655,285
73$4,373,570$286,643$0$1,729,718
74$4,713,963$194,977$0$1,819,985
75$5,085,746$95,490$0$1,918,872
76$5,492,016$0$0$2,027,344
77$5,936,183$0$0$2,151,620
78$6,422,000$0$0$2,331,361
79$6,953,601$0$0$2,528,184
80$7,535,537$0$0$2,743,792
81$8,172,819$0$0$2,980,061
82$8,870,966$0$0$3,239,055
83$9,636,057$0$0$3,523,051
84$10,474,786$0$0$3,834,553
85$11,394,524$0$0$4,176,321
86$12,403,391$0$0$4,551,395
87$13,510,332$0$0$4,963,122
88$14,725,197$0$0$5,415,191
89$16,058,838$0$0$5,911,666
90$17,523,207$0$0$6,457,020
91$19,131,474$0$0$7,056,185
92$20,898,141$0$0$7,714,592
93$22,839,190$0$0$8,438,225
94$24,972,222$0$0$9,233,676
95$27,316,632$0$0$10,108,208
96$29,893,785$0$0$11,069,822
97$32,727,220$0$0$12,127,334
98$35,842,870$0$0$13,290,456
99$39,269,306$0$0$14,569,890
100$43,038,008$0$0$15,977,426