Can I retire at age 51 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$82,331$81,598$80,882$80,184$79,502$78,121
2 years$40,758$39,999$39,263$38,550$37,858$36,471
3 years$26,902$26,140$25,406$24,699$24,019$22,669
4 years$19,976$19,216$18,489$17,795$17,130$15,828
5 years$15,821$15,065$14,348$13,668$13,022$11,772
6 years$13,052$12,302$11,596$10,930$10,304$9,106
7 years$11,075$10,331$9,636$8,986$8,380$7,235
8 years$9,592$8,856$8,172$7,538$6,952$5,860
9 years$8,440$7,710$7,039$6,421$5,855$4,815
10 years$7,519$6,796$6,136$5,535$4,988$4,001
11 years$6,766$6,050$5,402$4,817$4,290$3,353
12 years$6,139$5,431$4,794$4,225$3,718$2,830
13 years$5,608$4,908$4,284$3,730$3,242$2,402
14 years$5,154$4,461$3,849$3,311$2,842$2,048
15 years$4,761$4,075$3,475$2,953$2,502$1,753
16 years$4,417$3,739$3,151$2,644$2,211$1,505
17 years$4,114$3,443$2,867$2,376$1,961$1,296
18 years$3,845$3,182$2,617$2,141$1,744$1,119
19 years$3,605$2,949$2,396$1,935$1,554$968
20 years$3,388$2,740$2,199$1,752$1,388$838
21 years$3,193$2,552$2,022$1,590$1,242$727
22 years$3,016$2,383$1,864$1,446$1,113$632
23 years$2,854$2,228$1,721$1,317$999$549
24 years$2,706$2,088$1,592$1,201$898$478
25 years$2,570$1,959$1,474$1,097$808$416
26 years$2,445$1,841$1,367$1,003$728$363
27 years$2,329$1,733$1,270$918$657$316
28 years$2,222$1,633$1,180$841$592$276
29 years$2,122$1,541$1,098$771$535$241
30 years$2,029$1,455$1,023$708$483$210
31 years$1,943$1,375$954$650$437$184
32 years$1,862$1,301$890$597$395$161
33 years$1,785$1,232$831$549$358$140
34 years$1,714$1,168$776$505$324$123
35 years$1,647$1,108$726$465$293$107
36 years$1,583$1,052$679$429$266$94
37 years$1,524$999$636$395$241$82
38 years$1,467$949$595$364$218$72
39 years$1,414$903$558$336$198$63
40 years$1,363$859$523$310$180$55
41 years$1,315$817$490$286$163$48
42 years$1,269$778$460$264$148$42
43 years$1,226$742$431$243$134$37
44 years$1,185$707$405$225$122$32
45 years$1,145$674$380$207$111$28
46 years$1,108$643$357$192$100$25
47 years$1,072$614$335$177$91$22
48 years$1,038$586$315$164$83$19
49 years$1,005$560$296$151$75$17
50 years$973$534$279$140$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $997,000, adding $3,708 every year, while hoping to spend $43,758 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: 27/49/24 Blend
50$997,000$997,000$997,000$997,000
51$1,102,519$1,049,678$1,034,224$1,123,889
52$1,168,418$1,054,554$1,022,313$1,146,051
53$1,239,571$1,058,202$1,008,535$1,165,768
54$1,316,470$1,060,517$992,784$1,186,021
55$1,399,652$1,061,384$974,944$1,206,885
56$1,489,709$1,060,684$954,897$1,228,444
57$1,587,292$1,058,290$932,518$1,250,796
58$1,693,115$1,054,066$907,677$1,274,052
59$1,807,966$1,047,868$880,237$1,298,338
60$1,932,709$1,039,544$850,056$1,323,798
61$2,068,297$1,028,933$816,984$1,350,595
62$2,215,775$1,015,863$780,866$1,378,915
63$2,376,297$1,000,153$741,538$1,408,966
64$2,551,129$981,611$698,829$1,440,984
65$2,741,666$960,032$652,562$1,475,235
66$2,949,443$935,200$602,550$1,512,019
67$3,176,150$906,888$548,598$1,551,673
68$3,423,645$874,853$490,504$1,594,576
69$3,693,975$838,840$428,055$1,641,153
70$3,989,395$798,578$361,029$1,691,880
71$4,312,384$753,779$289,194$1,747,290
72$4,665,675$704,142$212,310$1,807,981
73$5,052,274$649,345$130,122$1,874,620
74$5,475,494$589,050$42,369$1,947,954
75$5,938,980$522,899$0$2,028,815
76$6,446,749$450,514$0$2,131,265
77$7,003,223$371,495$0$2,255,640
78$7,613,273$285,420$0$2,392,310
79$8,282,263$191,842$0$2,542,643
80$9,016,102$90,290$0$2,708,152
81$9,821,297$0$0$2,890,519
82$10,705,018$0$0$3,102,244
83$11,675,159$0$0$3,388,288
84$12,740,419$0$0$3,702,551
85$13,910,379$0$0$4,047,881
86$15,195,594$0$0$4,427,417
87$16,607,690$0$0$4,844,615
88$18,159,478$0$0$5,303,284
89$19,865,070$0$0$5,807,619
90$21,740,011$0$0$6,362,244
91$23,801,430$0$0$6,972,251
92$26,068,199$0$0$7,643,252
93$28,561,107$0$0$8,381,429
94$31,303,061$0$0$9,193,596
95$34,319,299$0$0$10,087,258
96$37,637,628$0$0$11,070,684
97$41,288,686$0$0$12,152,987
98$45,306,231$0$0$13,344,208
99$49,727,457$0$0$14,655,409
100$54,593,349$0$0$16,098,781