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%16.8%
1 years$81,918$81,189$80,477$79,782$79,103$76,911
2 years$40,554$39,798$39,066$38,357$37,668$35,475
3 years$26,767$26,009$25,279$24,576$23,898$21,774
4 years$19,875$19,119$18,396$17,705$17,044$15,005
5 years$15,741$14,990$14,276$13,599$12,957$11,008
6 years$12,986$12,240$11,537$10,876$10,252$8,396
7 years$11,019$10,279$9,588$8,941$8,338$6,574
8 years$9,544$8,811$8,131$7,501$6,917$5,244
9 years$8,398$7,672$7,003$6,389$5,825$4,242
10 years$7,481$6,762$6,106$5,507$4,963$3,468
11 years$6,732$6,020$5,375$4,793$4,269$2,859
12 years$6,108$5,403$4,770$4,204$3,699$2,372
13 years$5,580$4,883$4,262$3,712$3,226$1,979
14 years$5,128$4,439$3,829$3,295$2,828$1,658
15 years$4,737$4,055$3,458$2,938$2,490$1,394
16 years$4,395$3,720$3,135$2,631$2,200$1,175
17 years$4,093$3,426$2,852$2,364$1,951$993
18 years$3,826$3,166$2,604$2,130$1,735$841
19 years$3,587$2,934$2,384$1,925$1,546$713
20 years$3,371$2,726$2,188$1,743$1,381$606
21 years$3,177$2,540$2,012$1,582$1,236$515
22 years$3,001$2,371$1,855$1,439$1,108$439
23 years$2,840$2,217$1,712$1,310$994$374
24 years$2,693$2,077$1,584$1,195$894$319
25 years$2,558$1,950$1,467$1,091$804$272
26 years$2,433$1,832$1,360$998$725$232
27 years$2,318$1,724$1,263$913$653$198
28 years$2,211$1,625$1,174$837$589$169
29 years$2,112$1,533$1,093$767$532$145
30 years$2,019$1,448$1,018$704$481$124
31 years$1,933$1,368$949$647$435$106
32 years$1,852$1,295$885$594$393$90
33 years$1,777$1,226$827$547$356$77
34 years$1,705$1,162$772$503$322$66
35 years$1,639$1,102$722$463$292$57
36 years$1,576$1,046$676$426$264$48
37 years$1,516$994$632$393$240$41
38 years$1,460$944$592$362$217$35
39 years$1,407$898$555$334$197$30
40 years$1,356$854$520$308$179$26
41 years$1,308$813$488$284$162$22
42 years$1,263$775$457$262$147$19
43 years$1,220$738$429$242$134$16
44 years$1,179$703$403$224$121$14
45 years$1,139$671$378$206$110$12
46 years$1,102$640$355$191$100$10
47 years$1,066$611$334$176$91$9
48 years$1,032$583$314$163$82$7
49 years$1,000$557$295$150$75$6
50 years$969$532$277$139$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $992,000, adding $6,399 every year, while hoping to spend $58,520 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: 75/8/17 Blend
50$992,000$992,000$992,000$992,000
51$1,099,785$1,047,209$1,031,833$1,177,573
52$1,149,698$1,036,257$1,004,134$1,218,971
53$1,202,741$1,022,807$973,546$1,256,477
54$1,259,171$1,006,676$939,911$1,296,028
55$1,319,270$987,667$903,062$1,337,810
56$1,383,347$965,574$862,826$1,382,032
57$1,451,739$940,178$819,021$1,428,922
58$1,524,817$911,247$771,459$1,478,733
59$1,602,987$878,536$719,941$1,531,747
60$1,686,693$841,785$664,260$1,588,273
61$1,776,423$800,720$604,200$1,648,653
62$1,872,713$755,050$539,536$1,713,266
63$1,976,149$704,468$470,030$1,782,530
64$2,087,378$648,648$395,438$1,856,908
65$2,207,106$587,247$315,500$1,936,911
66$2,336,111$519,903$229,950$2,023,105
67$2,475,247$446,231$138,506$2,116,113
68$2,625,452$365,826$40,875$2,216,625
69$2,787,756$278,259$0$2,325,404
70$2,963,292$183,079$0$2,454,777
71$3,153,305$79,807$0$2,602,850
72$3,359,164$0$0$2,763,287
73$3,582,373$0$0$2,940,111
74$3,824,588$0$0$3,139,649
75$4,087,629$0$0$3,356,379
76$4,373,496$0$0$3,591,954
77$4,684,394$0$0$3,848,195
78$5,022,744$0$0$4,127,102
79$5,391,213$0$0$4,430,880
80$5,792,735$0$0$4,761,951
81$6,230,538$0$0$5,122,985
82$6,708,176$0$0$5,516,916
83$7,229,559$0$0$5,946,976
84$7,798,994$0$0$6,416,724
85$8,421,220$0$0$6,930,076
86$9,101,454$0$0$7,491,343
87$9,845,443$0$0$8,105,272
88$10,659,511$0$0$8,777,092
89$11,550,624$0$0$9,512,558
90$12,526,452$0$0$10,318,007
91$13,595,440$0$0$11,200,420
92$14,766,891$0$0$12,167,483
93$16,051,048$0$0$13,227,663
94$17,459,194$0$0$14,390,282
95$19,003,756$0$0$15,665,610
96$20,698,420$0$0$17,064,959
97$22,558,263$0$0$18,600,787
98$24,599,891$0$0$20,286,819
99$26,841,597$0$0$22,138,171
100$29,303,531$0$0$24,171,498