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%12.4%
1 years$82,249$81,516$80,801$80,104$79,422$78,626
2 years$40,717$39,959$39,224$38,511$37,820$37,018
3 years$26,875$26,114$25,380$24,675$23,995$23,211
4 years$19,956$19,196$18,470$17,777$17,113$16,355
5 years$15,805$15,050$14,334$13,654$13,009$12,278
6 years$13,039$12,290$11,584$10,919$10,294$9,591
7 years$11,063$10,321$9,626$8,977$8,372$7,698
8 years$9,583$8,847$8,164$7,531$6,945$6,300
9 years$8,432$7,703$7,032$6,415$5,849$5,232
10 years$7,511$6,790$6,130$5,530$4,983$4,395
11 years$6,759$6,044$5,397$4,812$4,286$3,725
12 years$6,132$5,425$4,790$4,221$3,714$3,180
13 years$5,603$4,903$4,279$3,727$3,239$2,731
14 years$5,149$4,456$3,845$3,308$2,839$2,357
15 years$4,756$4,071$3,471$2,950$2,500$2,042
16 years$4,413$3,735$3,147$2,642$2,209$1,776
17 years$4,110$3,440$2,864$2,373$1,959$1,549
18 years$3,841$3,179$2,614$2,139$1,742$1,354
19 years$3,601$2,946$2,393$1,933$1,552$1,187
20 years$3,385$2,737$2,197$1,750$1,387$1,042
21 years$3,190$2,550$2,020$1,589$1,241$916
22 years$3,013$2,380$1,862$1,444$1,112$807
23 years$2,851$2,226$1,719$1,315$998$711
24 years$2,704$2,086$1,590$1,200$897$628
25 years$2,568$1,957$1,473$1,096$808$554
26 years$2,443$1,840$1,366$1,002$727$490
27 years$2,327$1,731$1,268$917$656$434
28 years$2,220$1,631$1,179$840$592$384
29 years$2,120$1,539$1,097$770$534$340
30 years$2,027$1,453$1,022$707$483$301
31 years$1,941$1,374$953$649$437$267
32 years$1,860$1,300$889$597$395$237
33 years$1,784$1,231$830$549$357$210
34 years$1,712$1,167$776$505$324$187
35 years$1,645$1,107$725$465$293$166
36 years$1,582$1,050$678$428$266$147
37 years$1,522$998$635$394$241$131
38 years$1,466$948$595$364$218$116
39 years$1,412$902$557$335$198$103
40 years$1,362$858$522$309$179$92
41 years$1,314$817$490$285$163$82
42 years$1,268$778$459$263$148$72
43 years$1,225$741$431$243$134$64
44 years$1,183$706$404$224$122$57
45 years$1,144$674$380$207$110$51
46 years$1,107$643$357$191$100$45
47 years$1,071$613$335$177$91$40
48 years$1,036$585$315$163$83$36
49 years$1,004$559$296$151$75$32
50 years$972$534$278$140$68$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $996,000, adding $3,068 every year, while hoping to spend $47,318 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: 53/39/8 Blend
50$996,000$996,000$996,000$996,000
51$1,100,757$1,047,969$1,032,531$1,156,772
52$1,162,688$1,048,973$1,016,774$1,196,111
53$1,229,350$1,048,441$998,904$1,233,470
54$1,301,176$1,046,247$978,800$1,272,985
55$1,378,641$1,042,258$956,335$1,314,868
56$1,462,267$1,036,333$931,376$1,359,355
57$1,552,627$1,028,322$903,786$1,406,708
58$1,650,352$1,018,067$873,420$1,457,220
59$1,756,135$1,005,399$840,127$1,511,213
60$1,870,737$990,140$803,747$1,569,046
61$1,994,996$972,101$764,117$1,631,119
62$2,129,833$951,081$721,062$1,697,871
63$2,276,260$926,869$674,402$1,769,795
64$2,435,393$899,239$623,949$1,847,432
65$2,608,456$867,955$569,504$1,931,386
66$2,796,799$832,765$510,863$2,022,324
67$3,001,904$793,402$447,808$2,120,986
68$3,225,404$749,585$380,116$2,228,192
69$3,469,097$701,016$307,551$2,344,851
70$3,734,959$647,380$229,869$2,471,969
71$4,025,168$588,345$146,812$2,610,660
72$4,342,119$523,558$58,115$2,762,157
73$4,688,450$452,648$0$2,927,825
74$5,067,066$375,221$0$3,112,297
75$5,481,162$290,862$0$3,319,621
76$5,934,260$199,134$0$3,546,708
77$6,430,236$99,573$0$3,795,633
78$6,973,357$0$0$4,068,689
79$7,568,325$0$0$4,371,976
80$8,220,316$0$0$4,751,254
81$8,935,030$0$0$5,167,118
82$9,718,747$0$0$5,623,234
83$10,578,382$0$0$6,123,640
84$11,521,552$0$0$6,672,783
85$12,556,647$0$0$7,275,560
86$13,692,908$0$0$7,937,369
87$14,940,515$0$0$8,664,153
88$16,310,683$0$0$9,462,460
89$17,815,764$0$0$10,339,503
90$19,469,367$0$0$11,303,229
91$21,286,484$0$0$12,362,391
92$23,283,632$0$0$13,526,633
93$25,479,005$0$0$14,806,582
94$27,892,650$0$0$16,213,943
95$30,546,652$0$0$17,761,613
96$33,465,345$0$0$19,463,802
97$36,675,537$0$0$21,336,165
98$40,206,765$0$0$23,395,950
99$44,091,574$0$0$25,662,165
100$48,365,820$0$0$28,155,747