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%13.4%
1 years$82,084$81,352$80,639$79,943$79,263$78,143
2 years$40,635$39,879$39,145$38,434$37,744$36,618
3 years$26,821$26,061$25,330$24,625$23,947$22,849
4 years$19,915$19,158$18,433$17,741$17,079$16,019
5 years$15,773$15,020$14,305$13,627$12,983$11,963
6 years$13,012$12,265$11,561$10,897$10,273$9,295
7 years$11,041$10,300$9,607$8,959$8,355$7,418
8 years$9,564$8,829$8,147$7,516$6,931$6,036
9 years$8,415$7,687$7,017$6,402$5,837$4,984
10 years$7,496$6,776$6,118$5,518$4,973$4,161
11 years$6,745$6,032$5,386$4,803$4,277$3,505
12 years$6,120$5,414$4,780$4,213$3,707$2,973
13 years$5,591$4,893$4,271$3,719$3,232$2,536
14 years$5,139$4,447$3,837$3,301$2,833$2,174
15 years$4,747$4,063$3,464$2,944$2,495$1,872
16 years$4,404$3,728$3,141$2,636$2,205$1,616
17 years$4,102$3,433$2,858$2,369$1,955$1,400
18 years$3,833$3,172$2,609$2,135$1,738$1,215
19 years$3,594$2,940$2,389$1,929$1,549$1,057
20 years$3,378$2,732$2,192$1,747$1,384$921
21 years$3,184$2,545$2,016$1,585$1,238$804
22 years$3,007$2,375$1,858$1,442$1,110$703
23 years$2,846$2,222$1,716$1,313$996$615
24 years$2,698$2,082$1,587$1,197$896$538
25 years$2,563$1,953$1,470$1,094$806$472
26 years$2,438$1,836$1,363$1,000$726$414
27 years$2,322$1,728$1,266$915$655$363
28 years$2,215$1,628$1,177$839$591$319
29 years$2,116$1,536$1,095$769$533$280
30 years$2,023$1,451$1,020$706$482$246
31 years$1,937$1,371$951$648$436$217
32 years$1,856$1,297$887$596$394$191
33 years$1,780$1,229$828$548$357$168
34 years$1,709$1,165$774$504$323$148
35 years$1,642$1,105$724$464$292$130
36 years$1,579$1,048$677$427$265$114
37 years$1,519$996$634$394$240$101
38 years$1,463$946$593$363$218$89
39 years$1,409$900$556$335$197$78
40 years$1,359$856$521$309$179$69
41 years$1,311$815$489$285$162$61
42 years$1,266$776$458$263$147$54
43 years$1,222$739$430$243$134$47
44 years$1,181$705$404$224$121$42
45 years$1,142$672$379$207$110$37
46 years$1,104$641$356$191$100$32
47 years$1,069$612$334$177$91$28
48 years$1,034$584$314$163$83$25
49 years$1,002$558$295$151$75$22
50 years$970$533$278$139$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $994,000, adding $5,758 every year, while hoping to spend $38,875 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: 46/49/5 Blend
50$994,000$994,000$994,000$994,000
51$1,101,327$1,048,645$1,033,238$1,150,260
52$1,172,300$1,058,666$1,026,489$1,194,474
53$1,249,209$1,067,875$1,018,211$1,237,861
54$1,332,619$1,076,192$1,008,311$1,284,004
55$1,423,150$1,083,529$996,694$1,333,168
56$1,521,485$1,089,796$983,257$1,385,647
57$1,628,376$1,094,895$967,896$1,441,766
58$1,744,648$1,098,723$950,498$1,501,886
59$1,871,210$1,101,168$930,948$1,566,404
60$2,009,063$1,102,115$909,124$1,635,760
61$2,159,307$1,101,438$884,899$1,710,444
62$2,323,154$1,099,006$858,140$1,790,993
63$2,501,936$1,094,678$828,708$1,878,004
64$2,697,121$1,088,305$796,458$1,972,138
65$2,910,325$1,079,729$761,237$2,074,125
66$3,143,326$1,068,783$722,886$2,184,771
67$3,398,081$1,055,290$681,238$2,304,970
68$3,676,747$1,039,060$636,121$2,435,708
69$3,981,696$1,019,896$587,353$2,578,077
70$4,315,543$997,584$534,743$2,733,284
71$4,681,165$971,903$478,093$2,902,663
72$5,081,732$942,614$417,198$3,087,688
73$5,520,734$909,468$351,839$3,289,987
74$6,002,015$872,198$281,792$3,511,363
75$6,529,809$830,524$206,821$3,753,805
76$7,108,780$784,149$126,679$4,019,511
77$7,744,062$732,760$41,110$4,310,911
78$8,441,314$676,023$0$4,630,688
79$9,206,768$613,587$0$4,984,485
80$10,047,287$545,083$0$5,375,412
81$10,970,435$470,116$0$5,804,905
82$11,984,541$388,273$0$6,276,975
83$13,098,782$299,117$0$6,796,048
84$14,323,268$202,184$0$7,367,011
85$15,669,137$96,986$0$7,995,260
86$17,148,658$0$0$8,686,749
87$18,775,351$0$0$9,457,213
88$20,564,108$0$0$10,362,068
89$22,531,339$0$0$11,357,334
90$24,695,124$0$0$12,452,176
91$27,075,380$0$0$13,656,688
92$29,694,054$0$0$14,981,993
93$32,575,329$0$0$16,440,347
94$35,745,847$0$0$18,045,255
95$39,234,965$0$0$19,811,595
96$43,075,028$0$0$21,755,762
97$47,301,678$0$0$23,895,821
98$51,954,185$0$0$26,251,676
99$57,075,822$0$0$28,845,261
100$62,714,269$0$0$31,700,742