Can I retire at age 51 with 997,000?

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 $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%16.7%
1 years$82,331$81,598$80,882$80,184$79,502$77,329
2 years$40,758$39,999$39,263$38,550$37,858$35,685
3 years$26,902$26,140$25,406$24,699$24,019$21,913
4 years$19,976$19,216$18,489$17,795$17,130$15,109
5 years$15,821$15,065$14,348$13,668$13,022$11,090
6 years$13,052$12,302$11,596$10,930$10,304$8,463
7 years$11,075$10,331$9,636$8,986$8,380$6,630
8 years$9,592$8,856$8,172$7,538$6,952$5,292
9 years$8,440$7,710$7,039$6,421$5,855$4,284
10 years$7,519$6,796$6,136$5,535$4,988$3,504
11 years$6,766$6,050$5,402$4,817$4,290$2,891
12 years$6,139$5,431$4,794$4,225$3,718$2,400
13 years$5,608$4,908$4,284$3,730$3,242$2,003
14 years$5,154$4,461$3,849$3,311$2,842$1,679
15 years$4,761$4,075$3,475$2,953$2,502$1,413
16 years$4,417$3,739$3,151$2,644$2,211$1,192
17 years$4,114$3,443$2,867$2,376$1,961$1,008
18 years$3,845$3,182$2,617$2,141$1,744$854
19 years$3,605$2,949$2,396$1,935$1,554$725
20 years$3,388$2,740$2,199$1,752$1,388$616
21 years$3,193$2,552$2,022$1,590$1,242$525
22 years$3,016$2,383$1,864$1,446$1,113$447
23 years$2,854$2,228$1,721$1,317$999$381
24 years$2,706$2,088$1,592$1,201$898$325
25 years$2,570$1,959$1,474$1,097$808$278
26 years$2,445$1,841$1,367$1,003$728$237
27 years$2,329$1,733$1,270$918$657$203
28 years$2,222$1,633$1,180$841$592$173
29 years$2,122$1,541$1,098$771$535$148
30 years$2,029$1,455$1,023$708$483$127
31 years$1,943$1,375$954$650$437$109
32 years$1,862$1,301$890$597$395$93
33 years$1,785$1,232$831$549$358$80
34 years$1,714$1,168$776$505$324$68
35 years$1,647$1,108$726$465$293$58
36 years$1,583$1,052$679$429$266$50
37 years$1,524$999$636$395$241$43
38 years$1,467$949$595$364$218$37
39 years$1,414$903$558$336$198$31
40 years$1,363$859$523$310$180$27
41 years$1,315$817$490$286$163$23
42 years$1,269$778$460$264$148$20
43 years$1,226$742$431$243$134$17
44 years$1,185$707$405$225$122$14
45 years$1,145$674$380$207$111$12
46 years$1,108$643$357$192$100$11
47 years$1,072$614$335$177$91$9
48 years$1,038$586$315$164$83$8
49 years$1,005$560$296$151$75$7
50 years$973$534$279$140$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $997,000, adding $6,018 every year, while hoping to spend $57,118 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: 46/41/13 Blend
50$997,000$997,000$997,000$997,000
51$1,104,902$1,052,061$1,036,607$1,151,408
52$1,156,828$1,042,838$1,010,560$1,175,045
53$1,212,137$1,031,250$981,727$1,194,361
54$1,271,113$1,017,119$949,952$1,214,051
55$1,334,068$1,000,259$915,077$1,234,172
56$1,401,343$980,472$876,932$1,254,790
57$1,473,313$957,548$835,342$1,275,980
58$1,550,388$931,265$790,123$1,297,831
59$1,633,019$901,388$741,084$1,320,445
60$1,721,700$867,669$688,023$1,343,938
61$1,816,973$829,845$630,731$1,368,443
62$1,919,433$787,636$568,990$1,394,114
63$2,029,733$740,748$502,569$1,421,124
64$2,148,592$688,870$431,231$1,449,671
65$2,276,796$631,673$354,725$1,479,980
66$2,415,212$568,808$272,792$1,512,304
67$2,564,792$499,908$185,158$1,546,933
68$2,726,580$424,583$91,540$1,584,190
69$2,901,727$342,423$0$1,624,441
70$3,091,495$252,994$0$1,669,261
71$3,297,274$155,837$0$1,731,577
72$3,520,591$50,468$0$1,799,246
73$3,763,127$0$0$1,872,898
74$4,026,730$0$0$1,981,944
75$4,313,433$0$0$2,125,412
76$4,625,473$0$0$2,281,665
77$4,965,312$0$0$2,451,949
78$5,335,657$0$0$2,637,635
79$5,739,489$0$0$2,840,231
80$6,180,090$0$0$3,061,400
81$6,661,070$0$0$3,302,969
82$7,186,404$0$0$3,566,951
83$7,760,468$0$0$3,855,562
84$8,388,080$0$0$4,171,242
85$9,074,544$0$0$4,516,678
86$9,825,700$0$0$4,894,827
87$10,647,978$0$0$5,308,947
88$11,548,461$0$0$5,762,625
89$12,534,946$0$0$6,259,811
90$13,616,022$0$0$6,804,856
91$14,801,147$0$0$7,402,552
92$16,100,737$0$0$8,058,176
93$17,526,267$0$0$8,777,542
94$19,090,373$0$0$9,567,053
95$20,806,976$0$0$10,433,760
96$22,691,407$0$0$11,385,434
97$24,760,558$0$0$12,430,633
98$27,033,032$0$0$13,578,785
99$29,529,327$0$0$14,840,275
100$32,272,019$0$0$16,226,546