Can I retire at age 51 with 996,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$82,249$81,516$80,801$80,104$79,422$78,203
2 years$40,717$39,959$39,224$38,511$37,820$36,595
3 years$26,875$26,114$25,380$24,675$23,995$22,801
4 years$19,956$19,196$18,470$17,777$17,113$15,961
5 years$15,805$15,050$14,334$13,654$13,009$11,901
6 years$13,039$12,290$11,584$10,919$10,294$9,232
7 years$11,063$10,321$9,626$8,977$8,372$7,356
8 years$9,583$8,847$8,164$7,531$6,945$5,975
9 years$8,432$7,703$7,032$6,415$5,849$4,924
10 years$7,511$6,790$6,130$5,530$4,983$4,104
11 years$6,759$6,044$5,397$4,812$4,286$3,450
12 years$6,132$5,425$4,790$4,221$3,714$2,921
13 years$5,603$4,903$4,279$3,727$3,239$2,487
14 years$5,149$4,456$3,845$3,308$2,839$2,128
15 years$4,756$4,071$3,471$2,950$2,500$1,828
16 years$4,413$3,735$3,147$2,642$2,209$1,575
17 years$4,110$3,440$2,864$2,373$1,959$1,361
18 years$3,841$3,179$2,614$2,139$1,742$1,179
19 years$3,601$2,946$2,393$1,933$1,552$1,024
20 years$3,385$2,737$2,197$1,750$1,387$890
21 years$3,190$2,550$2,020$1,589$1,241$775
22 years$3,013$2,380$1,862$1,444$1,112$676
23 years$2,851$2,226$1,719$1,315$998$590
24 years$2,704$2,086$1,590$1,200$897$515
25 years$2,568$1,957$1,473$1,096$808$451
26 years$2,443$1,840$1,366$1,002$727$394
27 years$2,327$1,731$1,268$917$656$345
28 years$2,220$1,631$1,179$840$592$303
29 years$2,120$1,539$1,097$770$534$265
30 years$2,027$1,453$1,022$707$483$233
31 years$1,941$1,374$953$649$437$204
32 years$1,860$1,300$889$597$395$179
33 years$1,784$1,231$830$549$357$157
34 years$1,712$1,167$776$505$324$138
35 years$1,645$1,107$725$465$293$121
36 years$1,582$1,050$678$428$266$106
37 years$1,522$998$635$394$241$93
38 years$1,466$948$595$364$218$82
39 years$1,412$902$557$335$198$72
40 years$1,362$858$522$309$179$63
41 years$1,314$817$490$285$163$56
42 years$1,268$778$459$263$148$49
43 years$1,225$741$431$243$134$43
44 years$1,183$706$404$224$122$38
45 years$1,144$674$380$207$110$33
46 years$1,107$643$357$191$100$29
47 years$1,071$613$335$177$91$26
48 years$1,036$585$315$163$83$23
49 years$1,004$559$296$151$75$20
50 years$972$534$278$140$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $996,000, adding $3,008 every year, while hoping to spend $43,648 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: 64/26/10 Blend
50$996,000$996,000$996,000$996,000
51$1,100,695$1,047,907$1,032,469$1,168,557
52$1,166,524$1,052,813$1,020,615$1,219,130
53$1,237,606$1,056,497$1,006,902$1,268,969
54$1,314,429$1,058,852$991,220$1,322,295
55$1,397,531$1,059,766$973,456$1,379,445
56$1,487,504$1,059,120$953,492$1,440,793
57$1,584,998$1,056,786$931,203$1,506,748
58$1,690,729$1,052,629$906,459$1,577,765
59$1,805,481$1,046,506$879,124$1,654,347
60$1,930,121$1,038,266$849,055$1,737,046
61$2,065,600$1,027,747$816,105$1,826,474
62$2,212,963$1,014,778$780,116$1,923,307
63$2,373,363$999,180$740,927$2,028,292
64$2,548,065$980,759$698,368$2,142,251
65$2,738,465$959,313$652,260$2,266,094
66$2,946,096$934,628$602,419$2,400,827
67$3,172,647$906,474$548,649$2,547,557
68$3,419,977$874,611$490,749$2,707,509
69$3,690,132$838,784$428,506$2,882,035
70$3,985,365$798,723$361,700$3,072,628
71$4,308,154$754,143$290,099$3,280,934
72$4,661,231$704,741$213,463$3,508,772
73$5,047,601$650,198$131,538$3,758,150
74$5,470,575$590,177$44,064$4,031,282
75$5,933,799$524,320$0$4,330,616
76$6,441,285$452,251$0$4,664,108
77$6,997,456$373,571$0$5,034,837
78$7,607,180$287,859$0$5,441,417
79$8,275,819$194,671$0$5,887,506
80$9,009,280$93,537$0$6,377,144
81$9,814,068$0$0$6,914,782
82$10,697,347$0$0$7,509,920
83$11,667,012$0$0$8,192,712
84$12,731,757$0$0$8,942,528
85$13,901,159$0$0$9,766,121
86$15,185,769$0$0$10,670,931
87$16,597,210$0$0$11,665,154
88$18,148,287$0$0$12,757,821
89$19,853,105$0$0$13,958,879
90$21,727,207$0$0$15,279,286
91$23,787,712$0$0$16,731,119
92$26,053,486$0$0$18,327,679
93$28,545,311$0$0$20,083,622
94$31,286,084$0$0$22,015,097
95$34,301,035$0$0$24,139,895
96$37,617,959$0$0$26,477,620
97$41,267,484$0$0$29,049,869
98$45,283,353$0$0$31,880,441
99$49,702,749$0$0$34,995,556
100$54,566,639$0$0$38,424,108