Can I retire at age 51 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$82,084$81,352$80,639$79,943$79,263$78,370
2 years$40,635$39,879$39,145$38,434$37,744$36,845
3 years$26,821$26,061$25,330$24,625$23,947$23,069
4 years$19,915$19,158$18,433$17,741$17,079$16,230
5 years$15,773$15,020$14,305$13,627$12,983$12,166
6 years$13,012$12,265$11,561$10,897$10,273$9,488
7 years$11,041$10,300$9,607$8,959$8,355$7,602
8 years$9,564$8,829$8,147$7,516$6,931$6,211
9 years$8,415$7,687$7,017$6,402$5,837$5,149
10 years$7,496$6,776$6,118$5,518$4,973$4,317
11 years$6,745$6,032$5,386$4,803$4,277$3,652
12 years$6,120$5,414$4,780$4,213$3,707$3,112
13 years$5,591$4,893$4,271$3,719$3,232$2,667
14 years$5,139$4,447$3,837$3,301$2,833$2,297
15 years$4,747$4,063$3,464$2,944$2,495$1,987
16 years$4,404$3,728$3,141$2,636$2,205$1,724
17 years$4,102$3,433$2,858$2,369$1,955$1,500
18 years$3,833$3,172$2,609$2,135$1,738$1,309
19 years$3,594$2,940$2,389$1,929$1,549$1,145
20 years$3,378$2,732$2,192$1,747$1,384$1,003
21 years$3,184$2,545$2,016$1,585$1,238$880
22 years$3,007$2,375$1,858$1,442$1,110$773
23 years$2,846$2,222$1,716$1,313$996$680
24 years$2,698$2,082$1,587$1,197$896$599
25 years$2,563$1,953$1,470$1,094$806$528
26 years$2,438$1,836$1,363$1,000$726$465
27 years$2,322$1,728$1,266$915$655$411
28 years$2,215$1,628$1,177$839$591$363
29 years$2,116$1,536$1,095$769$533$321
30 years$2,023$1,451$1,020$706$482$283
31 years$1,937$1,371$951$648$436$251
32 years$1,856$1,297$887$596$394$222
33 years$1,780$1,229$828$548$357$196
34 years$1,709$1,165$774$504$323$174
35 years$1,642$1,105$724$464$292$154
36 years$1,579$1,048$677$427$265$136
37 years$1,519$996$634$394$240$121
38 years$1,463$946$593$363$218$107
39 years$1,409$900$556$335$197$95
40 years$1,359$856$521$309$179$84
41 years$1,311$815$489$285$162$75
42 years$1,266$776$458$263$147$66
43 years$1,222$739$430$243$134$59
44 years$1,181$705$404$224$121$52
45 years$1,142$672$379$207$110$46
46 years$1,104$641$356$191$100$41
47 years$1,069$612$334$177$91$36
48 years$1,034$584$314$163$83$32
49 years$1,002$558$295$151$75$29
50 years$970$533$278$139$68$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $994,000, adding $2,156 every year, while hoping to spend $27,204 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: 55/37/8 Blend
50$994,000$994,000$994,000$994,000
51$1,097,612$1,044,930$1,029,523$1,155,781
52$1,180,623$1,067,187$1,035,067$1,217,589
53$1,271,190$1,089,622$1,039,885$1,281,658
54$1,370,055$1,112,217$1,043,924$1,350,755
55$1,478,033$1,134,948$1,047,129$1,425,363
56$1,596,025$1,157,793$1,049,439$1,506,012
57$1,725,019$1,180,724$1,050,796$1,593,288
58$1,866,106$1,203,715$1,051,133$1,687,834
59$2,020,486$1,226,734$1,050,383$1,790,361
60$2,189,480$1,249,748$1,048,474$1,901,650
61$2,374,543$1,272,722$1,045,334$2,022,563
62$2,577,276$1,295,615$1,040,883$2,154,050
63$2,799,446$1,318,387$1,035,040$2,297,158
64$3,042,994$1,340,993$1,027,718$2,453,040
65$3,310,061$1,363,383$1,018,828$2,622,966
66$3,603,004$1,385,506$1,008,276$2,808,338
67$3,924,420$1,407,306$995,963$3,010,700
68$4,277,169$1,428,722$981,786$3,231,752
69$4,664,400$1,449,689$965,636$3,473,371
70$5,089,585$1,470,140$947,400$3,737,624
71$5,556,544$1,489,998$926,960$4,026,789
72$6,069,490$1,509,187$904,192$4,343,377
73$6,633,061$1,527,620$878,965$4,690,156
74$7,252,368$1,545,208$851,145$5,070,179
75$7,933,040$1,561,854$820,589$5,486,807
76$8,681,280$1,577,454$787,148$5,943,749
77$9,503,921$1,591,900$750,668$6,445,089
78$10,408,491$1,605,074$710,986$6,995,334
79$11,403,286$1,616,851$667,933$7,599,448
80$12,497,443$1,627,099$621,331$8,262,903
81$13,701,032$1,635,676$570,995$8,991,732
82$15,025,145$1,642,432$516,731$9,792,586
83$16,482,006$1,647,207$458,338$10,672,792
84$18,085,083$1,649,832$395,604$11,640,432
85$19,849,213$1,650,126$328,308$12,704,411
86$21,790,747$1,647,896$256,221$13,874,544
87$23,927,701$1,642,941$179,102$15,161,653
88$26,279,924$1,635,043$96,700$16,577,665
89$28,869,289$1,623,973$8,752$18,135,725
90$31,719,897$1,609,488$0$19,850,325
91$34,858,304$1,591,331$0$21,744,702
92$38,313,773$1,569,227$0$23,830,465
93$42,118,547$1,542,889$0$26,126,297
94$46,308,156$1,512,007$0$28,653,614
95$50,921,751$1,476,259$0$31,436,020
96$56,002,473$1,435,299$0$34,499,528
97$61,597,859$1,388,763$0$37,872,809
98$67,760,294$1,336,265$0$41,587,463
99$74,547,500$1,277,398$0$45,678,319
100$82,023,084$1,211,730$0$50,183,760