Can I retire at age 51 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$82,001$81,271$80,558$79,862$79,183$78,553
2 years$40,595$39,839$39,106$38,395$37,706$37,071
3 years$26,794$26,035$25,304$24,600$23,922$23,301
4 years$19,895$19,138$18,415$17,723$17,062$16,460
5 years$15,757$15,005$14,291$13,613$12,970$12,390
6 years$12,999$12,253$11,549$10,886$10,263$9,704
7 years$11,030$10,290$9,597$8,950$8,346$7,810
8 years$9,554$8,820$8,139$7,508$6,924$6,410
9 years$8,406$7,680$7,010$6,395$5,831$5,339
10 years$7,489$6,769$6,112$5,513$4,968$4,498
11 years$6,739$6,026$5,381$4,798$4,273$3,824
12 years$6,114$5,409$4,775$4,208$3,703$3,275
13 years$5,586$4,888$4,266$3,715$3,229$2,821
14 years$5,133$4,443$3,833$3,298$2,831$2,443
15 years$4,742$4,059$3,461$2,941$2,492$2,124
16 years$4,399$3,724$3,138$2,634$2,203$1,853
17 years$4,098$3,429$2,855$2,366$1,953$1,622
18 years$3,830$3,169$2,607$2,132$1,737$1,423
19 years$3,590$2,937$2,386$1,927$1,548$1,252
20 years$3,375$2,729$2,190$1,745$1,383$1,103
21 years$3,180$2,542$2,014$1,584$1,237$973
22 years$3,004$2,373$1,857$1,440$1,109$860
23 years$2,843$2,219$1,714$1,312$995$761
24 years$2,695$2,079$1,585$1,196$895$675
25 years$2,560$1,951$1,468$1,092$805$598
26 years$2,435$1,834$1,362$999$725$531
27 years$2,320$1,726$1,265$914$654$472
28 years$2,213$1,626$1,176$838$590$419
29 years$2,114$1,534$1,094$768$533$373
30 years$2,021$1,449$1,019$705$481$332
31 years$1,935$1,370$950$647$435$295
32 years$1,854$1,296$886$595$394$263
33 years$1,778$1,227$828$547$356$234
34 years$1,707$1,163$773$503$323$209
35 years$1,640$1,103$723$463$292$186
36 years$1,577$1,047$676$427$265$166
37 years$1,518$995$633$393$240$148
38 years$1,461$945$593$362$218$132
39 years$1,408$899$555$334$197$118
40 years$1,358$855$521$308$179$105
41 years$1,310$814$488$284$162$94
42 years$1,264$775$458$262$147$84
43 years$1,221$739$430$242$134$75
44 years$1,180$704$403$224$121$67
45 years$1,141$671$379$207$110$60
46 years$1,103$641$356$191$100$53
47 years$1,067$611$334$176$91$48
48 years$1,033$584$314$163$82$43
49 years$1,001$557$295$151$75$38
50 years$970$532$277$139$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $993,000, adding $3,130 every year, while hoping to spend $30,905 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: 41/42/17 Blend
50$993,000$993,000$993,000$993,000
51$1,097,515$1,044,886$1,029,494$1,136,892
52$1,176,578$1,063,202$1,031,099$1,183,425
53$1,262,671$1,081,381$1,031,723$1,230,513
54$1,356,476$1,099,381$1,031,299$1,280,825
55$1,458,748$1,117,162$1,029,758$1,334,672
56$1,570,315$1,134,677$1,027,029$1,392,394
57$1,692,088$1,151,878$1,023,036$1,454,371
58$1,825,073$1,168,712$1,017,700$1,521,018
59$1,970,375$1,185,123$1,010,937$1,592,795
60$2,129,211$1,201,052$1,002,661$1,670,212
61$2,302,920$1,216,433$992,780$1,753,828
62$2,492,979$1,231,199$981,199$1,844,264
63$2,701,011$1,245,276$967,817$1,942,205
64$2,928,805$1,258,586$952,530$2,048,404
65$3,178,331$1,271,045$935,229$2,163,697
66$3,451,760$1,282,565$915,797$2,289,004
67$3,751,478$1,293,049$894,116$2,425,342
68$4,080,119$1,302,399$870,058$2,573,833
69$4,440,580$1,310,505$843,494$2,735,716
70$4,836,053$1,317,253$814,285$2,912,360
71$5,270,053$1,322,522$782,287$3,105,273
72$5,746,455$1,326,182$747,350$3,316,122
73$6,269,524$1,328,095$709,316$3,546,746
74$6,843,959$1,328,116$668,022$3,799,177
75$7,474,937$1,326,087$623,295$4,075,653
76$8,168,161$1,321,846$574,955$4,378,648
77$8,929,913$1,315,217$522,816$4,710,890
78$9,767,115$1,306,013$466,682$5,075,390
79$10,687,392$1,294,039$406,347$5,475,471
80$11,699,144$1,279,085$341,597$5,914,799
81$12,811,626$1,260,929$272,210$6,397,419
82$14,035,036$1,239,338$197,953$6,927,794
83$15,380,606$1,214,063$118,581$7,510,848
84$16,860,716$1,184,840$33,842$8,152,012
85$18,489,003$1,151,391$0$8,857,280
86$20,280,492$1,113,420$0$9,643,526
87$22,251,740$1,070,615$0$10,514,997
88$24,420,988$1,022,646$0$11,473,642
89$26,808,337$969,163$0$12,528,390
90$29,435,931$909,797$0$13,689,083
91$32,328,174$844,155$0$14,966,574
92$35,511,954$771,825$0$16,372,828
93$39,016,899$692,369$0$17,921,040
94$42,875,653$605,326$0$19,625,756
95$47,124,190$510,207$0$21,503,012
96$51,802,147$406,497$0$23,570,491
97$56,953,201$293,651$0$25,847,687
98$62,625,481$171,093$0$28,356,089
99$68,872,020$38,216$0$31,119,393
100$75,751,255$0$0$34,163,719