Can I retire at age 51 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$82,166$81,434$80,720$80,023$79,343$78,319
2 years$40,676$39,919$39,185$38,473$37,782$36,752
3 years$26,848$26,087$25,355$24,650$23,971$22,966
4 years$19,935$19,177$18,452$17,759$17,096$16,125
5 years$15,789$15,035$14,319$13,640$12,996$12,062
6 years$13,025$12,277$11,572$10,908$10,283$9,387
7 years$11,052$10,310$9,617$8,968$8,363$7,504
8 years$9,573$8,838$8,156$7,523$6,938$6,117
9 years$8,423$7,695$7,024$6,408$5,843$5,059
10 years$7,504$6,783$6,124$5,524$4,978$4,231
11 years$6,752$6,038$5,392$4,808$4,282$3,571
12 years$6,126$5,420$4,785$4,217$3,710$3,035
13 years$5,597$4,898$4,275$3,723$3,235$2,594
14 years$5,144$4,452$3,841$3,305$2,836$2,229
15 years$4,751$4,067$3,468$2,947$2,497$1,922
16 years$4,408$3,731$3,144$2,639$2,207$1,663
17 years$4,106$3,436$2,861$2,371$1,957$1,444
18 years$3,837$3,175$2,612$2,137$1,740$1,256
19 years$3,597$2,943$2,391$1,931$1,551$1,095
20 years$3,382$2,735$2,194$1,749$1,385$956
21 years$3,187$2,547$2,018$1,587$1,240$836
22 years$3,010$2,378$1,860$1,443$1,111$733
23 years$2,849$2,224$1,718$1,314$997$643
24 years$2,701$2,084$1,588$1,199$897$564
25 years$2,565$1,955$1,471$1,095$807$496
26 years$2,440$1,838$1,365$1,001$727$436
27 years$2,325$1,730$1,267$916$655$383
28 years$2,218$1,630$1,178$839$591$337
29 years$2,118$1,537$1,096$770$534$297
30 years$2,025$1,452$1,021$706$482$262
31 years$1,939$1,373$952$649$436$231
32 years$1,858$1,299$888$596$394$204
33 years$1,782$1,230$829$548$357$180
34 years$1,711$1,166$775$504$323$159
35 years$1,644$1,106$724$464$293$140
36 years$1,580$1,049$678$428$265$124
37 years$1,521$997$634$394$240$109
38 years$1,464$947$594$363$218$96
39 years$1,411$901$556$335$198$85
40 years$1,360$857$522$309$179$75
41 years$1,312$816$489$285$163$66
42 years$1,267$777$459$263$148$59
43 years$1,223$740$430$243$134$52
44 years$1,182$706$404$224$122$46
45 years$1,143$673$379$207$110$40
46 years$1,105$642$356$191$100$36
47 years$1,070$613$335$177$91$32
48 years$1,035$585$315$163$83$28
49 years$1,003$558$296$151$75$25
50 years$971$533$278$139$68$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $995,000, adding $2,789 every year, while hoping to spend $37,971 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: 59/18/23 Blend
50$995,000$995,000$995,000$995,000
51$1,099,367$1,046,632$1,031,209$1,157,314
52$1,171,101$1,057,516$1,025,354$1,207,938
53$1,248,880$1,067,661$1,018,030$1,258,780
54$1,333,280$1,076,990$1,009,148$1,313,406
55$1,424,934$1,085,422$998,614$1,372,190
56$1,524,540$1,092,871$986,330$1,435,546
57$1,632,866$1,099,244$972,195$1,503,930
58$1,750,754$1,104,443$956,100$1,577,849
59$1,879,135$1,108,364$937,932$1,657,859
60$2,019,029$1,110,896$917,575$1,744,575
61$2,171,561$1,111,921$894,905$1,838,678
62$2,337,969$1,111,314$869,793$1,940,919
63$2,519,615$1,108,942$842,104$2,052,125
64$2,717,999$1,104,663$811,698$2,173,212
65$2,934,771$1,098,328$778,427$2,305,190
66$3,171,750$1,089,779$742,137$2,449,174
67$3,430,937$1,078,846$702,666$2,606,396
68$3,714,533$1,065,350$659,846$2,778,214
69$4,024,967$1,049,104$613,502$2,966,128
70$4,364,908$1,029,904$563,449$3,171,793
71$4,737,300$1,007,540$509,496$3,397,037
72$5,145,381$981,787$451,440$3,643,877
73$5,592,720$952,404$389,074$3,914,536
74$6,083,247$919,141$322,177$4,211,472
75$6,621,289$881,731$250,522$4,537,393
76$7,211,615$839,890$173,868$4,895,289
77$7,859,475$793,320$91,968$5,288,459
78$8,570,654$741,705$4,561$5,720,542
79$9,351,522$684,710$0$6,195,553
80$10,209,099$621,982$0$6,739,694
81$11,151,116$553,148$0$7,338,689
82$12,186,090$477,813$0$7,996,880
83$13,323,405$395,560$0$8,720,289
84$14,573,397$305,947$0$9,515,552
85$15,947,456$208,510$0$10,389,987
86$17,458,127$102,758$0$11,351,656
87$19,119,233$0$0$12,409,450
88$20,946,004$0$0$13,575,508
89$22,955,219$0$0$14,880,500
90$25,165,364$0$0$16,316,090
91$27,596,809$0$0$17,895,520
92$30,271,995$0$0$19,633,380
93$33,215,650$0$0$21,545,746
94$36,455,019$0$0$23,650,332
95$40,020,122$0$0$25,966,653
96$43,944,037$0$0$28,516,214
97$48,263,209$0$0$31,322,711
98$53,017,798$0$0$34,412,252
99$58,252,056$0$0$37,813,608
100$64,014,740$0$0$41,558,477