Can I retire at age 51 with 996,000?

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 $996,000?

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$82,249$81,516$80,801$80,104$79,422$78,300
2 years$40,717$39,959$39,224$38,511$37,820$36,692
3 years$26,875$26,114$25,380$24,675$23,995$22,895
4 years$19,956$19,196$18,470$17,777$17,113$16,051
5 years$15,805$15,050$14,334$13,654$13,009$11,987
6 years$13,039$12,290$11,584$10,919$10,294$9,313
7 years$11,063$10,321$9,626$8,977$8,372$7,433
8 years$9,583$8,847$8,164$7,531$6,945$6,049
9 years$8,432$7,703$7,032$6,415$5,849$4,994
10 years$7,511$6,790$6,130$5,530$4,983$4,169
11 years$6,759$6,044$5,397$4,812$4,286$3,512
12 years$6,132$5,425$4,790$4,221$3,714$2,979
13 years$5,603$4,903$4,279$3,727$3,239$2,542
14 years$5,149$4,456$3,845$3,308$2,839$2,179
15 years$4,756$4,071$3,471$2,950$2,500$1,875
16 years$4,413$3,735$3,147$2,642$2,209$1,620
17 years$4,110$3,440$2,864$2,373$1,959$1,403
18 years$3,841$3,179$2,614$2,139$1,742$1,218
19 years$3,601$2,946$2,393$1,933$1,552$1,059
20 years$3,385$2,737$2,197$1,750$1,387$923
21 years$3,190$2,550$2,020$1,589$1,241$806
22 years$3,013$2,380$1,862$1,444$1,112$704
23 years$2,851$2,226$1,719$1,315$998$616
24 years$2,704$2,086$1,590$1,200$897$539
25 years$2,568$1,957$1,473$1,096$808$473
26 years$2,443$1,840$1,366$1,002$727$415
27 years$2,327$1,731$1,268$917$656$364
28 years$2,220$1,631$1,179$840$592$320
29 years$2,120$1,539$1,097$770$534$281
30 years$2,027$1,453$1,022$707$483$247
31 years$1,941$1,374$953$649$437$217
32 years$1,860$1,300$889$597$395$191
33 years$1,784$1,231$830$549$357$168
34 years$1,712$1,167$776$505$324$148
35 years$1,645$1,107$725$465$293$130
36 years$1,582$1,050$678$428$266$115
37 years$1,522$998$635$394$241$101
38 years$1,466$948$595$364$218$89
39 years$1,412$902$557$335$198$78
40 years$1,362$858$522$309$179$69
41 years$1,314$817$490$285$163$61
42 years$1,268$778$459$263$148$54
43 years$1,225$741$431$243$134$47
44 years$1,183$706$404$224$122$42
45 years$1,144$674$380$207$110$37
46 years$1,107$643$357$191$100$32
47 years$1,071$613$335$177$91$29
48 years$1,036$585$315$163$83$25
49 years$1,004$559$296$151$75$22
50 years$972$534$278$140$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $996,000, adding $5,132 every year, while hoping to spend $23,934 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: 36/49/15 Blend
50$996,000$996,000$996,000$996,000
51$1,102,886$1,050,098$1,034,660$1,137,348
52$1,189,914$1,076,087$1,043,855$1,188,680
53$1,285,018$1,102,547$1,052,557$1,241,412
54$1,388,995$1,129,477$1,060,722$1,297,824
55$1,502,723$1,156,873$1,068,308$1,358,257
56$1,627,172$1,184,730$1,075,267$1,423,084
57$1,763,406$1,213,045$1,081,551$1,492,719
58$1,912,600$1,241,810$1,087,109$1,567,616
59$2,076,045$1,271,019$1,091,887$1,648,275
60$2,255,165$1,300,662$1,095,828$1,735,249
61$2,451,527$1,330,729$1,098,874$1,829,144
62$2,666,857$1,361,210$1,100,961$1,930,631
63$2,903,057$1,392,090$1,102,024$2,040,446
64$3,162,222$1,423,355$1,101,994$2,159,401
65$3,446,657$1,454,988$1,100,800$2,288,394
66$3,758,904$1,486,971$1,098,365$2,428,409
67$4,101,762$1,519,282$1,094,610$2,580,536
68$4,478,315$1,551,900$1,089,452$2,745,972
69$4,891,958$1,584,798$1,082,803$2,926,038
70$5,346,433$1,617,949$1,074,573$3,122,191
71$5,845,864$1,651,322$1,064,665$3,336,035
72$6,394,790$1,684,885$1,052,980$3,569,340
73$6,998,215$1,718,601$1,039,411$3,824,056
74$7,661,650$1,752,430$1,023,849$4,102,332
75$8,391,170$1,786,330$1,006,179$4,406,536
76$9,193,463$1,820,254$986,279$4,739,282
77$10,075,901$1,854,151$964,025$5,103,448
78$11,046,606$1,887,968$939,283$5,502,207
79$12,114,527$1,921,645$911,916$5,939,058
80$13,289,522$1,955,119$881,779$6,417,858
81$14,582,455$1,988,322$848,720$6,942,858
82$16,005,296$2,021,180$812,582$7,518,744
83$17,571,232$2,053,614$773,200$8,150,682
84$19,294,795$2,085,539$730,400$8,844,367
85$21,191,998$2,116,864$684,002$9,606,076
86$23,280,484$2,147,492$633,818$10,442,730
87$25,579,692$2,177,318$579,650$11,361,957
88$28,111,045$2,206,231$521,292$12,372,166
89$30,898,145$2,234,110$458,529$13,482,626
90$33,967,003$2,260,828$391,137$14,703,555
91$37,346,278$2,286,249$318,880$16,046,217
92$41,067,549$2,310,226$241,514$17,523,028
93$45,165,617$2,332,605$158,782$19,147,673
94$49,678,827$2,353,220$70,418$20,935,239
95$54,649,433$2,371,893$0$22,902,356
96$60,123,997$2,388,438$0$25,071,175
97$66,153,826$2,402,653$0$27,470,355
98$72,795,460$2,414,327$0$30,110,935
99$80,111,199$2,423,231$0$33,017,514
100$88,169,698$2,429,126$0$36,217,204