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%19%
1 years$82,249$81,516$80,801$80,104$79,422$76,544
2 years$40,717$39,959$39,224$38,511$37,820$34,951
3 years$26,875$26,114$25,380$24,675$23,995$21,226
4 years$19,956$19,196$18,470$17,777$17,113$14,466
5 years$15,805$15,050$14,334$13,654$13,009$10,490
6 years$13,039$12,290$11,584$10,919$10,294$7,905
7 years$11,063$10,321$9,626$8,977$8,372$6,112
8 years$9,583$8,847$8,164$7,531$6,945$4,813
9 years$8,432$7,703$7,032$6,415$5,849$3,842
10 years$7,511$6,790$6,130$5,530$4,983$3,098
11 years$6,759$6,044$5,397$4,812$4,286$2,518
12 years$6,132$5,425$4,790$4,221$3,714$2,059
13 years$5,603$4,903$4,279$3,727$3,239$1,692
14 years$5,149$4,456$3,845$3,308$2,839$1,396
15 years$4,756$4,071$3,471$2,950$2,500$1,155
16 years$4,413$3,735$3,147$2,642$2,209$959
17 years$4,110$3,440$2,864$2,373$1,959$797
18 years$3,841$3,179$2,614$2,139$1,742$664
19 years$3,601$2,946$2,393$1,933$1,552$554
20 years$3,385$2,737$2,197$1,750$1,387$463
21 years$3,190$2,550$2,020$1,589$1,241$387
22 years$3,013$2,380$1,862$1,444$1,112$324
23 years$2,851$2,226$1,719$1,315$998$271
24 years$2,704$2,086$1,590$1,200$897$227
25 years$2,568$1,957$1,473$1,096$808$190
26 years$2,443$1,840$1,366$1,002$727$160
27 years$2,327$1,731$1,268$917$656$134
28 years$2,220$1,631$1,179$840$592$112
29 years$2,120$1,539$1,097$770$534$94
30 years$2,027$1,453$1,022$707$483$79
31 years$1,941$1,374$953$649$437$66
32 years$1,860$1,300$889$597$395$56
33 years$1,784$1,231$830$549$357$47
34 years$1,712$1,167$776$505$324$39
35 years$1,645$1,107$725$465$293$33
36 years$1,582$1,050$678$428$266$28
37 years$1,522$998$635$394$241$23
38 years$1,466$948$595$364$218$20
39 years$1,412$902$557$335$198$16
40 years$1,362$858$522$309$179$14
41 years$1,314$817$490$285$163$12
42 years$1,268$778$459$263$148$10
43 years$1,225$741$431$243$134$8
44 years$1,183$706$404$224$122$7
45 years$1,144$674$380$207$110$6
46 years$1,107$643$357$191$100$5
47 years$1,071$613$335$177$91$4
48 years$1,036$585$315$163$83$3
49 years$1,004$559$296$151$75$3
50 years$972$534$278$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $996,000, adding $3,971 every year, while hoping to spend $28,460 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: 35/43/22 Blend
50$996,000$996,000$996,000$996,000
51$1,101,688$1,048,900$1,033,462$1,132,764
52$1,183,779$1,070,015$1,037,802$1,177,142
53$1,273,289$1,091,211$1,041,333$1,222,091
54$1,370,946$1,112,461$1,043,999$1,270,012
55$1,477,549$1,133,738$1,045,739$1,321,187
56$1,593,978$1,155,010$1,046,490$1,375,927
57$1,721,203$1,176,245$1,046,187$1,434,576
58$1,860,291$1,197,407$1,044,760$1,497,515
59$2,012,417$1,218,456$1,042,136$1,565,162
60$2,178,876$1,239,352$1,038,239$1,637,980
61$2,361,090$1,260,049$1,032,989$1,716,481
62$2,560,629$1,280,500$1,026,302$1,801,228
63$2,779,221$1,300,651$1,018,091$1,892,845
64$3,018,767$1,320,449$1,008,262$1,992,020
65$3,281,363$1,339,833$996,721$2,099,511
66$3,569,316$1,358,739$983,365$2,216,157
67$3,885,168$1,377,099$968,090$2,342,884
68$4,231,718$1,394,839$950,784$2,480,713
69$4,612,049$1,411,882$931,331$2,630,772
70$5,029,558$1,428,145$909,611$2,794,306
71$5,487,986$1,443,537$885,496$2,972,689
72$5,991,454$1,457,964$858,853$3,167,436
73$6,544,502$1,471,324$829,545$3,380,223
74$7,152,132$1,483,509$797,425$3,612,897
75$7,819,853$1,494,404$762,342$3,867,495
76$8,553,734$1,503,887$724,137$4,146,269
77$9,360,464$1,511,826$682,644$4,451,700
78$10,247,409$1,518,083$637,690$4,786,529
79$11,222,686$1,522,510$589,094$5,153,778
80$12,295,237$1,524,951$536,666$5,556,783
81$13,474,915$1,525,238$480,209$5,999,223
82$14,772,576$1,523,194$419,516$6,485,160
83$16,200,180$1,518,631$354,370$7,019,072
84$17,770,905$1,511,350$284,548$7,605,900
85$19,499,270$1,501,140$209,813$8,251,098
86$21,401,274$1,487,774$129,921$8,960,677
87$23,494,545$1,471,015$44,613$9,741,271
88$25,798,504$1,450,611$0$10,600,198
89$28,334,555$1,426,294$0$11,556,425
90$31,126,277$1,397,780$0$12,619,840
91$34,199,656$1,364,770$0$13,789,846
92$37,583,322$1,326,945$0$15,077,342
93$41,308,823$1,283,968$0$16,494,344
94$45,410,924$1,235,483$0$18,054,099
95$49,927,931$1,181,114$0$19,771,212
96$54,902,052$1,120,461$0$21,661,781
97$60,379,800$1,053,102$0$23,743,555
98$66,412,427$978,592$0$26,036,101
99$73,056,410$896,458$0$28,560,989
100$80,373,981$806,202$0$31,341,995