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%
1 years$82,331$81,598$80,882$80,184$79,502$78,185
2 years$40,758$39,999$39,263$38,550$37,858$36,535
3 years$26,902$26,140$25,406$24,699$24,019$22,731
4 years$19,976$19,216$18,489$17,795$17,130$15,888
5 years$15,821$15,065$14,348$13,668$13,022$11,828
6 years$13,052$12,302$11,596$10,930$10,304$9,160
7 years$11,075$10,331$9,636$8,986$8,380$7,286
8 years$9,592$8,856$8,172$7,538$6,952$5,908
9 years$8,440$7,710$7,039$6,421$5,855$4,861
10 years$7,519$6,796$6,136$5,535$4,988$4,043
11 years$6,766$6,050$5,402$4,817$4,290$3,393
12 years$6,139$5,431$4,794$4,225$3,718$2,867
13 years$5,608$4,908$4,284$3,730$3,242$2,437
14 years$5,154$4,461$3,849$3,311$2,842$2,080
15 years$4,761$4,075$3,475$2,953$2,502$1,783
16 years$4,417$3,739$3,151$2,644$2,211$1,534
17 years$4,114$3,443$2,867$2,376$1,961$1,323
18 years$3,845$3,182$2,617$2,141$1,744$1,143
19 years$3,605$2,949$2,396$1,935$1,554$990
20 years$3,388$2,740$2,199$1,752$1,388$859
21 years$3,193$2,552$2,022$1,590$1,242$746
22 years$3,016$2,383$1,864$1,446$1,113$649
23 years$2,854$2,228$1,721$1,317$999$565
24 years$2,706$2,088$1,592$1,201$898$493
25 years$2,570$1,959$1,474$1,097$808$430
26 years$2,445$1,841$1,367$1,003$728$375
27 years$2,329$1,733$1,270$918$657$328
28 years$2,222$1,633$1,180$841$592$287
29 years$2,122$1,541$1,098$771$535$251
30 years$2,029$1,455$1,023$708$483$219
31 years$1,943$1,375$954$650$437$192
32 years$1,862$1,301$890$597$395$168
33 years$1,785$1,232$831$549$358$147
34 years$1,714$1,168$776$505$324$129
35 years$1,647$1,108$726$465$293$113
36 years$1,583$1,052$679$429$266$99
37 years$1,524$999$636$395$241$87
38 years$1,467$949$595$364$218$76
39 years$1,414$903$558$336$198$66
40 years$1,363$859$523$310$180$58
41 years$1,315$817$490$286$163$51
42 years$1,269$778$460$264$148$45
43 years$1,226$742$431$243$134$39
44 years$1,185$707$405$225$122$34
45 years$1,145$674$380$207$111$30
46 years$1,108$643$357$192$100$26
47 years$1,072$614$335$177$91$23
48 years$1,038$586$315$164$83$20
49 years$1,005$560$296$151$75$18
50 years$973$534$279$140$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $997,000, adding $2,060 every year, while hoping to spend $32,803 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: 70/13/17 Blend
50$997,000$997,000$997,000$997,000
51$1,100,819$1,047,978$1,032,524$1,173,316
52$1,178,200$1,064,427$1,032,212$1,238,287
53$1,262,375$1,080,582$1,030,789$1,305,265
54$1,354,002$1,096,395$1,028,185$1,377,739
55$1,453,805$1,111,813$1,024,324$1,456,249
56$1,562,581$1,126,780$1,019,127$1,541,387
57$1,681,207$1,141,235$1,012,511$1,633,808
58$1,810,650$1,155,115$1,004,390$1,734,234
59$1,951,972$1,168,351$994,672$1,843,457
60$2,106,342$1,180,870$983,263$1,962,355
61$2,275,049$1,192,593$970,062$2,091,893
62$2,459,511$1,203,437$954,966$2,233,135
63$2,661,289$1,213,313$937,865$2,387,253
64$2,882,101$1,222,126$918,645$2,555,542
65$3,123,842$1,229,777$897,186$2,739,427
66$3,388,595$1,236,156$873,362$2,940,479
67$3,678,655$1,241,152$847,044$3,160,430
68$3,996,551$1,244,641$818,093$3,401,190
69$4,345,066$1,246,496$786,366$3,664,864
70$4,727,267$1,246,578$751,713$3,953,773
71$5,146,531$1,244,744$713,979$4,270,474
72$5,606,579$1,240,837$672,998$4,617,787
73$6,111,507$1,234,695$628,601$4,998,821
74$6,665,829$1,226,144$580,607$5,417,003
75$7,274,516$1,214,998$528,830$5,876,109
76$7,943,046$1,201,062$473,076$6,380,304
77$8,677,452$1,184,129$413,139$6,934,178
78$9,484,380$1,163,979$348,807$7,542,791
79$10,371,152$1,140,380$279,857$8,211,720
80$11,345,835$1,113,084$206,058$8,947,114
81$12,417,316$1,081,830$127,166$9,755,750
82$13,595,385$1,046,343$42,929$10,645,098
83$14,890,829$1,006,329$0$11,623,395
84$16,315,534$961,479$0$12,708,235
85$17,882,592$911,465$0$13,909,970
86$19,606,430$855,941$0$15,231,885
87$21,502,945$794,540$0$16,686,192
88$23,589,648$726,876$0$18,286,347
89$25,885,838$652,538$0$20,047,181
90$28,412,775$571,094$0$21,985,034
91$31,193,887$482,087$0$24,117,916
92$34,254,987$385,033$0$26,465,674
93$37,624,518$279,423$0$29,050,178
94$41,333,821$164,716$0$31,895,530
95$45,417,428$40,344$0$35,028,290
96$49,913,390$0$0$38,477,730
97$54,863,638$0$0$42,289,596
98$60,314,372$0$0$46,493,278
99$66,316,502$0$0$51,122,274
100$72,926,126$0$0$56,219,858