Can I retire at age 51 with 994,000?

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 $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%14.1%
1 years$82,084$81,352$80,639$79,943$79,263$77,918
2 years$40,635$39,879$39,145$38,434$37,744$36,393
3 years$26,821$26,061$25,330$24,625$23,947$22,632
4 years$19,915$19,158$18,433$17,741$17,079$15,810
5 years$15,773$15,020$14,305$13,627$12,983$11,764
6 years$13,012$12,265$11,561$10,897$10,273$9,106
7 years$11,041$10,300$9,607$8,959$8,355$7,239
8 years$9,564$8,829$8,147$7,516$6,931$5,867
9 years$8,415$7,687$7,017$6,402$5,837$4,823
10 years$7,496$6,776$6,118$5,518$4,973$4,010
11 years$6,745$6,032$5,386$4,803$4,277$3,363
12 years$6,120$5,414$4,780$4,213$3,707$2,840
13 years$5,591$4,893$4,271$3,719$3,232$2,412
14 years$5,139$4,447$3,837$3,301$2,833$2,058
15 years$4,747$4,063$3,464$2,944$2,495$1,763
16 years$4,404$3,728$3,141$2,636$2,205$1,515
17 years$4,102$3,433$2,858$2,369$1,955$1,305
18 years$3,833$3,172$2,609$2,135$1,738$1,128
19 years$3,594$2,940$2,389$1,929$1,549$976
20 years$3,378$2,732$2,192$1,747$1,384$846
21 years$3,184$2,545$2,016$1,585$1,238$734
22 years$3,007$2,375$1,858$1,442$1,110$638
23 years$2,846$2,222$1,716$1,313$996$556
24 years$2,698$2,082$1,587$1,197$896$484
25 years$2,563$1,953$1,470$1,094$806$422
26 years$2,438$1,836$1,363$1,000$726$368
27 years$2,322$1,728$1,266$915$655$321
28 years$2,215$1,628$1,177$839$591$280
29 years$2,116$1,536$1,095$769$533$245
30 years$2,023$1,451$1,020$706$482$214
31 years$1,937$1,371$951$648$436$187
32 years$1,856$1,297$887$596$394$164
33 years$1,780$1,229$828$548$357$143
34 years$1,709$1,165$774$504$323$125
35 years$1,642$1,105$724$464$292$110
36 years$1,579$1,048$677$427$265$96
37 years$1,519$996$634$394$240$84
38 years$1,463$946$593$363$218$74
39 years$1,409$900$556$335$197$64
40 years$1,359$856$521$309$179$56
41 years$1,311$815$489$285$162$49
42 years$1,266$776$458$263$147$43
43 years$1,222$739$430$243$134$38
44 years$1,181$705$404$224$121$33
45 years$1,142$672$379$207$110$29
46 years$1,104$641$356$191$100$26
47 years$1,069$612$334$177$91$22
48 years$1,034$584$314$163$83$20
49 years$1,002$558$295$151$75$17
50 years$970$533$278$139$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $994,000, adding $5,916 every year, while hoping to spend $34,179 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: 66/19/15 Blend
50$994,000$994,000$994,000$994,000
51$1,101,490$1,048,808$1,033,401$1,169,879
52$1,177,476$1,063,834$1,031,654$1,231,336
53$1,260,067$1,078,450$1,028,703$1,293,955
54$1,349,901$1,092,601$1,024,471$1,361,554
55$1,447,678$1,106,226$1,018,879$1,434,618
56$1,554,172$1,119,261$1,011,842$1,513,683
57$1,670,231$1,131,639$1,003,272$1,599,339
58$1,796,791$1,143,285$993,078$1,692,239
59$1,934,880$1,154,123$981,162$1,793,099
60$2,085,630$1,164,068$967,424$1,902,712
61$2,250,290$1,173,032$951,757$2,021,949
62$2,430,230$1,180,921$934,052$2,151,774
63$2,626,961$1,187,634$914,191$2,293,248
64$2,842,149$1,193,065$892,053$2,447,540
65$3,077,623$1,197,101$867,512$2,615,941
66$3,335,401$1,199,619$840,435$2,799,872
67$3,617,704$1,200,493$810,681$3,000,903
68$3,926,978$1,199,585$778,107$3,220,763
69$4,265,917$1,196,752$742,561$3,461,358
70$4,637,486$1,191,838$703,882$3,724,790
71$5,044,953$1,184,682$661,906$4,013,380
72$5,491,917$1,175,111$616,459$4,329,681
73$5,982,342$1,162,940$567,359$4,676,513
74$6,520,592$1,147,975$514,417$5,056,983
75$7,111,478$1,130,012$457,436$5,474,517
76$7,760,296$1,108,830$396,207$5,932,892
77$8,472,883$1,084,198$330,516$6,436,275
78$9,255,665$1,055,873$260,137$6,989,255
79$10,115,726$1,023,594$184,835$7,596,897
80$11,060,867$987,086$104,363$8,264,781
81$12,099,682$946,060$18,466$8,999,062
82$13,241,640$900,208$0$9,806,523
83$14,497,173$849,204$0$10,706,361
84$15,877,775$792,705$0$11,699,019
85$17,396,108$730,347$0$12,790,677
86$19,066,122$661,746$0$13,991,406
87$20,903,190$586,495$0$15,312,303
88$22,924,248$504,165$0$16,765,600
89$25,147,954$414,302$0$18,364,779
90$27,594,869$316,427$0$20,124,697
91$30,287,648$210,033$0$22,061,730
92$33,251,250$94,587$0$24,193,925
93$36,513,178$0$0$26,541,174
94$40,103,738$0$0$29,131,770
95$44,056,320$0$0$32,005,414
96$48,407,720$0$0$35,169,088
97$53,198,477$0$0$38,652,279
98$58,473,268$0$0$42,487,478
99$64,281,315$0$0$46,710,487
100$70,676,863$0$0$51,360,755