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%17.9%
1 years$82,331$81,598$80,882$80,184$79,502$76,957
2 years$40,758$39,999$39,263$38,550$37,858$35,318
3 years$26,902$26,140$25,406$24,699$24,019$21,562
4 years$19,976$19,216$18,489$17,795$17,130$14,777
5 years$15,821$15,065$14,348$13,668$13,022$10,778
6 years$13,052$12,302$11,596$10,930$10,304$8,171
7 years$11,075$10,331$9,636$8,986$8,380$6,358
8 years$9,592$8,856$8,172$7,538$6,952$5,040
9 years$8,440$7,710$7,039$6,421$5,855$4,050
10 years$7,519$6,796$6,136$5,535$4,988$3,288
11 years$6,766$6,050$5,402$4,817$4,290$2,691
12 years$6,139$5,431$4,794$4,225$3,718$2,217
13 years$5,608$4,908$4,284$3,730$3,242$1,835
14 years$5,154$4,461$3,849$3,311$2,842$1,526
15 years$4,761$4,075$3,475$2,953$2,502$1,273
16 years$4,417$3,739$3,151$2,644$2,211$1,065
17 years$4,114$3,443$2,867$2,376$1,961$893
18 years$3,845$3,182$2,617$2,141$1,744$750
19 years$3,605$2,949$2,396$1,935$1,554$631
20 years$3,388$2,740$2,199$1,752$1,388$531
21 years$3,193$2,552$2,022$1,590$1,242$448
22 years$3,016$2,383$1,864$1,446$1,113$378
23 years$2,854$2,228$1,721$1,317$999$319
24 years$2,706$2,088$1,592$1,201$898$270
25 years$2,570$1,959$1,474$1,097$808$228
26 years$2,445$1,841$1,367$1,003$728$193
27 years$2,329$1,733$1,270$918$657$163
28 years$2,222$1,633$1,180$841$592$138
29 years$2,122$1,541$1,098$771$535$117
30 years$2,029$1,455$1,023$708$483$99
31 years$1,943$1,375$954$650$437$84
32 years$1,862$1,301$890$597$395$71
33 years$1,785$1,232$831$549$358$60
34 years$1,714$1,168$776$505$324$51
35 years$1,647$1,108$726$465$293$43
36 years$1,583$1,052$679$429$266$37
37 years$1,524$999$636$395$241$31
38 years$1,467$949$595$364$218$26
39 years$1,414$903$558$336$198$22
40 years$1,363$859$523$310$180$19
41 years$1,315$817$490$286$163$16
42 years$1,269$778$460$264$148$14
43 years$1,226$742$431$243$134$12
44 years$1,185$707$405$225$122$10
45 years$1,145$674$380$207$111$8
46 years$1,108$643$357$192$100$7
47 years$1,072$614$335$177$91$6
48 years$1,038$586$315$164$83$5
49 years$1,005$560$296$151$75$4
50 years$973$534$279$140$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $997,000, adding $4,847 every year, while hoping to spend $24,809 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: 59/28/13 Blend
50$997,000$997,000$997,000$997,000
51$1,103,694$1,050,853$1,035,399$1,164,976
52$1,189,874$1,075,948$1,043,688$1,231,950
53$1,284,013$1,101,441$1,051,424$1,301,750
54$1,386,896$1,127,326$1,058,561$1,377,271
55$1,499,389$1,153,595$1,065,052$1,459,069
56$1,622,444$1,180,238$1,070,848$1,547,752
57$1,757,109$1,207,245$1,075,898$1,643,994
58$1,904,539$1,234,605$1,080,145$1,748,532
59$2,066,005$1,262,303$1,083,533$1,862,183
60$2,242,908$1,290,326$1,086,001$1,985,845
61$2,436,789$1,318,657$1,087,487$2,120,507
62$2,649,346$1,347,276$1,087,923$2,267,258
63$2,882,451$1,376,164$1,087,239$2,427,300
64$3,138,163$1,405,298$1,085,364$2,601,956
65$3,418,750$1,434,653$1,082,219$2,792,682
66$3,726,714$1,464,202$1,077,724$3,001,087
67$4,064,806$1,493,915$1,071,795$3,228,939
68$4,436,060$1,523,760$1,064,344$3,478,189
69$4,843,816$1,553,702$1,055,277$3,750,987
70$5,291,754$1,583,703$1,044,497$4,049,701
71$5,783,928$1,613,720$1,031,904$4,376,941
72$6,324,806$1,643,709$1,017,390$4,735,585
73$6,919,307$1,673,621$1,000,843$5,128,801
74$7,572,852$1,703,405$982,147$5,560,084
75$8,291,414$1,733,002$961,180$6,033,284
76$9,081,572$1,762,353$937,813$6,552,643
77$9,950,576$1,791,392$911,914$7,122,839
78$10,906,413$1,820,049$883,341$7,749,024
79$11,957,883$1,848,247$851,949$8,436,879
80$13,114,682$1,875,906$817,584$9,192,664
81$14,387,493$1,902,939$780,086$10,023,277
82$15,788,086$1,929,252$739,289$10,936,323
83$17,329,432$1,954,747$695,016$11,940,180
84$19,025,821$1,979,316$647,085$13,044,085
85$20,892,998$2,002,845$595,306$14,258,215
86$22,948,313$2,025,214$539,478$15,593,791
87$25,210,883$2,046,292$479,393$17,063,174
88$27,701,773$2,065,940$414,833$18,679,991
89$30,444,195$2,084,013$345,571$20,459,260
90$33,463,725$2,100,351$271,369$22,417,532
91$36,788,544$2,114,787$191,979$24,573,048
92$40,449,708$2,127,144$107,143$26,945,913
93$44,481,436$2,137,232$16,589$29,558,283
94$48,921,434$2,144,848$0$32,434,578
95$53,811,253$2,149,778$0$35,612,814
96$59,196,679$2,151,795$0$39,114,725
97$65,128,163$2,150,656$0$42,970,741
98$71,661,302$2,146,104$0$47,216,932
99$78,857,357$2,137,866$0$51,893,049
100$86,783,839$2,125,653$0$57,042,901