Can I retire at age 51 with 992,000?

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 $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%14.9%
1 years$81,918$81,189$80,477$79,782$79,103$77,506
2 years$40,554$39,798$39,066$38,357$37,668$36,066
3 years$26,767$26,009$25,279$24,576$23,898$22,341
4 years$19,875$19,119$18,396$17,705$17,044$15,544
5 years$15,741$14,990$14,276$13,599$12,957$11,518
6 years$12,986$12,240$11,537$10,876$10,252$8,876
7 years$11,019$10,279$9,588$8,941$8,338$7,025
8 years$9,544$8,811$8,131$7,501$6,917$5,667
9 years$8,398$7,672$7,003$6,389$5,825$4,637
10 years$7,481$6,762$6,106$5,507$4,963$3,836
11 years$6,732$6,020$5,375$4,793$4,269$3,201
12 years$6,108$5,403$4,770$4,204$3,699$2,689
13 years$5,580$4,883$4,262$3,712$3,226$2,272
14 years$5,128$4,439$3,829$3,295$2,828$1,928
15 years$4,737$4,055$3,458$2,938$2,490$1,642
16 years$4,395$3,720$3,135$2,631$2,200$1,404
17 years$4,093$3,426$2,852$2,364$1,951$1,203
18 years$3,826$3,166$2,604$2,130$1,735$1,033
19 years$3,587$2,934$2,384$1,925$1,546$888
20 years$3,371$2,726$2,188$1,743$1,381$766
21 years$3,177$2,540$2,012$1,582$1,236$661
22 years$3,001$2,371$1,855$1,439$1,108$571
23 years$2,840$2,217$1,712$1,310$994$494
24 years$2,693$2,077$1,584$1,195$894$427
25 years$2,558$1,950$1,467$1,091$804$370
26 years$2,433$1,832$1,360$998$725$321
27 years$2,318$1,724$1,263$913$653$278
28 years$2,211$1,625$1,174$837$589$241
29 years$2,112$1,533$1,093$767$532$209
30 years$2,019$1,448$1,018$704$481$182
31 years$1,933$1,368$949$647$435$158
32 years$1,852$1,295$885$594$393$137
33 years$1,777$1,226$827$547$356$119
34 years$1,705$1,162$772$503$322$104
35 years$1,639$1,102$722$463$292$90
36 years$1,576$1,046$676$426$264$78
37 years$1,516$994$632$393$240$68
38 years$1,460$944$592$362$217$59
39 years$1,407$898$555$334$197$52
40 years$1,356$854$520$308$179$45
41 years$1,308$813$488$284$162$39
42 years$1,263$775$457$262$147$34
43 years$1,220$738$429$242$134$30
44 years$1,179$703$403$224$121$26
45 years$1,139$671$378$206$110$22
46 years$1,102$640$355$191$100$19
47 years$1,066$611$334$176$91$17
48 years$1,032$583$314$163$82$15
49 years$1,000$557$295$150$75$13
50 years$969$532$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 $992,000, adding $4,019 every year, while hoping to spend $44,380 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: 20/50/30 Blend
50$992,000$992,000$992,000$992,000
51$1,097,330$1,044,754$1,029,378$1,108,755
52$1,162,037$1,048,727$1,016,642$1,123,975
53$1,231,858$1,051,407$1,001,992$1,136,308
54$1,307,265$1,052,684$985,317$1,148,512
55$1,388,782$1,052,441$966,501$1,160,604
56$1,476,981$1,050,554$945,422$1,172,608
57$1,572,493$1,046,891$921,953$1,184,553
58$1,676,009$1,041,311$895,961$1,196,478
59$1,788,293$1,033,666$867,306$1,208,429
60$1,910,182$1,023,798$835,843$1,220,465
61$2,042,597$1,011,540$801,421$1,232,652
62$2,186,551$996,716$763,878$1,245,072
63$2,343,161$979,137$723,050$1,257,821
64$2,513,653$958,604$678,762$1,271,012
65$2,699,378$934,907$630,832$1,284,774
66$2,901,820$907,823$579,070$1,299,260
67$3,122,615$877,116$523,278$1,314,646
68$3,363,562$842,535$463,249$1,331,131
69$3,626,643$803,817$398,765$1,348,947
70$3,914,038$760,682$329,601$1,368,359
71$4,228,148$712,833$255,521$1,389,667
72$4,571,616$659,959$176,278$1,413,212
73$4,947,352$601,728$91,614$1,439,384
74$5,358,560$537,790$1,261$1,468,622
75$5,808,768$467,777$0$1,501,423
76$6,301,862$391,298$0$1,568,809
77$6,842,121$307,941$0$1,643,363
78$7,434,256$217,269$0$1,725,488
79$8,083,458$118,822$0$1,816,087
80$8,795,442$12,116$0$1,916,164
81$9,576,503$0$0$2,026,836
82$10,433,576$0$0$2,206,219
83$11,374,300$0$0$2,410,614
84$12,407,087$0$0$2,635,207
85$13,541,205$0$0$2,882,039
86$14,786,864$0$0$3,153,355
87$16,155,311$0$0$3,451,632
88$17,658,935$0$0$3,779,597
89$19,311,386$0$0$4,140,256
90$21,127,701$0$0$4,536,918
91$23,124,446$0$0$4,973,233
92$25,319,874$0$0$5,453,218
93$27,734,092$0$0$5,981,303
94$30,389,256$0$0$6,562,365
95$33,309,775$0$0$7,201,781
96$36,522,542$0$0$7,905,475
97$40,057,190$0$0$8,679,972
98$43,946,366$0$0$9,532,465
99$48,226,043$0$0$10,470,876
100$52,935,857$0$0$11,503,938