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%15.7%
1 years$82,084$81,352$80,639$79,943$79,263$77,410
2 years$40,635$39,879$39,145$38,434$37,744$35,888
3 years$26,821$26,061$25,330$24,625$23,947$22,145
4 years$19,915$19,158$18,433$17,741$17,079$15,345
5 years$15,773$15,020$14,305$13,627$12,983$11,323
6 years$13,012$12,265$11,561$10,897$10,273$8,688
7 years$11,041$10,300$9,607$8,959$8,355$6,845
8 years$9,564$8,829$8,147$7,516$6,931$5,496
9 years$8,415$7,687$7,017$6,402$5,837$4,476
10 years$7,496$6,776$6,118$5,518$4,973$3,684
11 years$6,745$6,032$5,386$4,803$4,277$3,059
12 years$6,120$5,414$4,780$4,213$3,707$2,556
13 years$5,591$4,893$4,271$3,719$3,232$2,148
14 years$5,139$4,447$3,837$3,301$2,833$1,813
15 years$4,747$4,063$3,464$2,944$2,495$1,536
16 years$4,404$3,728$3,141$2,636$2,205$1,305
17 years$4,102$3,433$2,858$2,369$1,955$1,112
18 years$3,833$3,172$2,609$2,135$1,738$949
19 years$3,594$2,940$2,389$1,929$1,549$812
20 years$3,378$2,732$2,192$1,747$1,384$695
21 years$3,184$2,545$2,016$1,585$1,238$596
22 years$3,007$2,375$1,858$1,442$1,110$512
23 years$2,846$2,222$1,716$1,313$996$440
24 years$2,698$2,082$1,587$1,197$896$378
25 years$2,563$1,953$1,470$1,094$806$326
26 years$2,438$1,836$1,363$1,000$726$281
27 years$2,322$1,728$1,266$915$655$242
28 years$2,215$1,628$1,177$839$591$208
29 years$2,116$1,536$1,095$769$533$180
30 years$2,023$1,451$1,020$706$482$155
31 years$1,937$1,371$951$648$436$134
32 years$1,856$1,297$887$596$394$115
33 years$1,780$1,229$828$548$357$100
34 years$1,709$1,165$774$504$323$86
35 years$1,642$1,105$724$464$292$74
36 years$1,579$1,048$677$427$265$64
37 years$1,519$996$634$394$240$55
38 years$1,463$946$593$363$218$48
39 years$1,409$900$556$335$197$41
40 years$1,359$856$521$309$179$36
41 years$1,311$815$489$285$162$31
42 years$1,266$776$458$263$147$27
43 years$1,222$739$430$243$134$23
44 years$1,181$705$404$224$121$20
45 years$1,142$672$379$207$110$17
46 years$1,104$641$356$191$100$15
47 years$1,069$612$334$177$91$13
48 years$1,034$584$314$163$83$11
49 years$1,002$558$295$151$75$10
50 years$970$533$278$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $994,000, adding $5,143 every year, while hoping to spend $40,784 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: 44/48/8 Blend
50$994,000$994,000$994,000$994,000
51$1,100,693$1,048,011$1,032,604$1,146,397
52$1,169,570$1,055,970$1,023,802$1,186,535
53$1,244,105$1,062,951$1,013,339$1,225,423
54$1,324,833$1,068,865$1,001,115$1,266,634
55$1,412,341$1,073,615$987,027$1,310,395
56$1,507,275$1,077,096$970,967$1,356,958
57$1,610,344$1,079,201$952,822$1,406,604
58$1,722,330$1,079,813$932,473$1,459,643
59$1,844,092$1,078,809$909,795$1,516,419
60$1,976,576$1,076,057$884,660$1,577,315
61$2,120,821$1,071,418$856,930$1,642,753
62$2,277,972$1,064,745$826,465$1,713,201
63$2,449,289$1,055,881$793,115$1,789,181
64$2,636,157$1,044,660$756,725$1,871,268
65$2,840,103$1,030,906$717,133$1,960,099
66$3,062,805$1,014,432$674,169$2,056,381
67$3,306,113$995,041$627,655$2,160,897
68$3,572,062$972,523$577,407$2,274,512
69$3,862,892$946,657$523,230$2,398,186
70$4,181,071$917,207$464,922$2,532,980
71$4,529,316$883,926$402,272$2,680,069
72$4,910,617$846,549$335,060$2,840,753
73$5,328,270$804,800$263,054$3,016,470
74$5,785,901$758,383$186,014$3,208,811
75$6,287,506$706,987$103,689$3,419,536
76$6,837,486$650,283$15,816$3,650,591
77$7,440,686$587,924$0$3,904,130
78$8,102,445$519,540$0$4,189,185
79$8,828,641$444,745$0$4,503,606
80$9,625,751$363,126$0$4,848,976
81$10,500,910$274,251$0$5,228,535
82$11,461,974$177,661$0$5,645,861
83$12,517,601$72,872$0$6,104,910
84$13,677,327$0$0$6,610,048
85$14,951,657$0$0$7,187,555
86$16,352,165$0$0$7,864,674
87$17,891,601$0$0$8,609,094
88$19,584,012$0$0$9,427,626
89$21,444,874$0$0$10,327,770
90$23,491,239$0$0$11,317,793
91$25,741,890$0$0$12,406,801
92$28,217,526$0$0$13,604,827
93$30,940,951$0$0$14,922,927
94$33,937,290$0$0$16,373,281
95$37,234,227$0$0$17,969,309
96$40,862,265$0$0$19,725,800
97$44,855,012$0$0$21,659,047
98$49,249,500$0$0$23,787,004
99$54,086,534$0$0$26,129,452
100$59,411,073$0$0$28,708,190