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%17.2%
1 years$82,331$81,598$80,882$80,184$79,502$77,174
2 years$40,758$39,999$39,263$38,550$37,858$35,531
3 years$26,902$26,140$25,406$24,699$24,019$21,766
4 years$19,976$19,216$18,489$17,795$17,130$14,969
5 years$15,821$15,065$14,348$13,668$13,022$10,959
6 years$13,052$12,302$11,596$10,930$10,304$8,340
7 years$11,075$10,331$9,636$8,986$8,380$6,515
8 years$9,592$8,856$8,172$7,538$6,952$5,186
9 years$8,440$7,710$7,039$6,421$5,855$4,185
10 years$7,519$6,796$6,136$5,535$4,988$3,413
11 years$6,766$6,050$5,402$4,817$4,290$2,806
12 years$6,139$5,431$4,794$4,225$3,718$2,322
13 years$5,608$4,908$4,284$3,730$3,242$1,932
14 years$5,154$4,461$3,849$3,311$2,842$1,614
15 years$4,761$4,075$3,475$2,953$2,502$1,353
16 years$4,417$3,739$3,151$2,644$2,211$1,137
17 years$4,114$3,443$2,867$2,376$1,961$958
18 years$3,845$3,182$2,617$2,141$1,744$809
19 years$3,605$2,949$2,396$1,935$1,554$684
20 years$3,388$2,740$2,199$1,752$1,388$579
21 years$3,193$2,552$2,022$1,590$1,242$491
22 years$3,016$2,383$1,864$1,446$1,113$417
23 years$2,854$2,228$1,721$1,317$999$354
24 years$2,706$2,088$1,592$1,201$898$301
25 years$2,570$1,959$1,474$1,097$808$256
26 years$2,445$1,841$1,367$1,003$728$218
27 years$2,329$1,733$1,270$918$657$185
28 years$2,222$1,633$1,180$841$592$158
29 years$2,122$1,541$1,098$771$535$134
30 years$2,029$1,455$1,023$708$483$115
31 years$1,943$1,375$954$650$437$98
32 years$1,862$1,301$890$597$395$83
33 years$1,785$1,232$831$549$358$71
34 years$1,714$1,168$776$505$324$60
35 years$1,647$1,108$726$465$293$52
36 years$1,583$1,052$679$429$266$44
37 years$1,524$999$636$395$241$37
38 years$1,467$949$595$364$218$32
39 years$1,414$903$558$336$198$27
40 years$1,363$859$523$310$180$23
41 years$1,315$817$490$286$163$20
42 years$1,269$778$460$264$148$17
43 years$1,226$742$431$243$134$14
44 years$1,185$707$405$225$122$12
45 years$1,145$674$380$207$111$11
46 years$1,108$643$357$192$100$9
47 years$1,072$614$335$177$91$8
48 years$1,038$586$315$164$83$7
49 years$1,005$560$296$151$75$6
50 years$973$534$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $997,000, adding $2,785 every year, while hoping to spend $47,005 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: 48/24/28 Blend
50$997,000$997,000$997,000$997,000
51$1,101,567$1,048,726$1,033,272$1,145,519
52$1,163,914$1,050,100$1,017,874$1,178,095
53$1,231,044$1,049,967$1,000,384$1,208,620
54$1,303,398$1,048,202$980,684$1,240,861
55$1,381,454$1,044,674$958,647$1,275,002
56$1,465,744$1,039,245$934,143$1,311,252
57$1,556,848$1,031,765$907,035$1,349,839
58$1,655,405$1,022,080$877,179$1,391,023
59$1,762,117$1,010,023$844,425$1,435,088
60$1,877,756$995,417$808,616$1,482,354
61$2,003,171$978,076$769,589$1,533,176
62$2,139,296$957,804$727,172$1,587,948
63$2,287,157$934,389$681,185$1,647,109
64$2,447,884$907,612$631,442$1,711,147
65$2,622,720$877,236$577,747$1,780,602
66$2,813,032$843,015$519,895$1,856,078
67$3,020,323$804,684$457,674$1,938,242
68$3,246,249$761,967$390,859$2,027,834
69$3,492,632$714,569$319,219$2,125,678
70$3,761,477$662,180$242,509$2,232,685
71$4,054,991$604,470$160,476$2,349,868
72$4,375,603$541,092$72,856$2,478,347
73$4,725,989$471,680$0$2,619,364
74$5,109,092$395,844$0$2,780,466
75$5,528,155$313,176$0$2,980,637
76$5,986,747$223,242$0$3,199,868
77$6,488,800$125,585$0$3,440,120
78$7,038,640$19,722$0$3,703,561
79$7,641,037$0$0$3,992,585
80$8,301,237$0$0$4,334,882
81$9,025,025$0$0$4,715,968
82$9,818,765$0$0$5,134,001
83$10,689,473$0$0$5,592,689
84$11,644,873$0$0$6,096,116
85$12,693,473$0$0$6,648,781
86$13,844,646$0$0$7,255,641
87$15,108,717$0$0$7,922,154
88$16,497,058$0$0$8,654,333
89$18,022,198$0$0$9,458,805
90$19,697,940$0$0$10,342,868
91$21,539,488$0$0$11,314,562
92$23,563,593$0$0$12,382,745
93$25,788,710$0$0$13,557,177
94$28,235,170$0$0$14,848,610
95$30,925,374$0$0$16,268,890
96$33,884,000$0$0$17,831,069
97$37,138,239$0$0$19,549,526
98$40,718,050$0$0$21,440,107
99$44,656,441$0$0$23,520,268
100$48,989,779$0$0$25,809,243