Can I retire at age 51 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$82,414$81,680$80,964$80,265$79,582$78,328
2 years$40,799$40,039$39,303$38,589$37,896$36,636
3 years$26,929$26,166$25,431$24,724$24,043$22,816
4 years$19,996$19,235$18,508$17,812$17,148$15,963
5 years$15,837$15,080$14,363$13,682$13,035$11,897
6 years$13,065$12,314$11,607$10,941$10,314$9,223
7 years$11,086$10,341$9,646$8,995$8,388$7,345
8 years$9,602$8,865$8,180$7,546$6,959$5,963
9 years$8,449$7,718$7,046$6,428$5,860$4,911
10 years$7,527$6,803$6,143$5,541$4,993$4,090
11 years$6,773$6,056$5,408$4,822$4,294$3,437
12 years$6,145$5,436$4,799$4,230$3,722$2,908
13 years$5,614$4,913$4,288$3,734$3,245$2,474
14 years$5,159$4,465$3,853$3,315$2,845$2,116
15 years$4,766$4,079$3,478$2,956$2,505$1,816
16 years$4,422$3,743$3,154$2,647$2,214$1,564
17 years$4,118$3,447$2,870$2,378$1,963$1,351
18 years$3,849$3,185$2,620$2,143$1,745$1,169
19 years$3,608$2,952$2,398$1,937$1,556$1,014
20 years$3,392$2,743$2,201$1,754$1,389$881
21 years$3,196$2,555$2,024$1,592$1,243$767
22 years$3,019$2,385$1,866$1,447$1,115$668
23 years$2,857$2,231$1,723$1,318$1,000$583
24 years$2,709$2,090$1,593$1,202$899$509
25 years$2,573$1,961$1,476$1,098$809$444
26 years$2,448$1,843$1,369$1,004$729$389
27 years$2,332$1,735$1,271$919$657$340
28 years$2,224$1,635$1,181$842$593$298
29 years$2,124$1,542$1,099$772$535$261
30 years$2,031$1,456$1,024$709$484$228
31 years$1,945$1,377$955$651$437$200
32 years$1,863$1,303$891$598$396$175
33 years$1,787$1,234$832$550$358$154
34 years$1,716$1,169$777$506$324$135
35 years$1,648$1,109$727$466$294$118
36 years$1,585$1,053$680$429$266$104
37 years$1,525$1,000$636$395$241$91
38 years$1,469$950$596$364$219$80
39 years$1,415$903$558$336$198$70
40 years$1,364$860$523$310$180$62
41 years$1,316$818$491$286$163$54
42 years$1,271$779$460$264$148$48
43 years$1,227$742$432$244$134$42
44 years$1,186$708$405$225$122$37
45 years$1,146$675$381$208$111$32
46 years$1,109$644$357$192$101$28
47 years$1,073$614$336$177$91$25
48 years$1,039$587$316$164$83$22
49 years$1,006$560$297$151$75$19
50 years$974$535$279$140$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $998,000, adding $4,939 every year, while hoping to spend $42,820 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: 63/18/19 Blend
50$998,000$998,000$998,000$998,000
51$1,104,891$1,051,997$1,036,528$1,168,852
52$1,172,029$1,057,984$1,025,691$1,218,491
53$1,244,581$1,062,830$1,013,056$1,267,409
54$1,323,053$1,066,433$998,518$1,319,832
55$1,408,001$1,068,686$981,966$1,376,104
56$1,500,040$1,069,474$963,284$1,436,608
57$1,599,841$1,068,676$942,352$1,501,765
58$1,708,147$1,066,162$919,042$1,572,038
59$1,825,771$1,061,797$893,223$1,647,943
60$1,953,610$1,055,435$864,756$1,730,047
61$2,092,648$1,046,922$833,496$1,818,976
62$2,243,972$1,036,095$799,292$1,915,424
63$2,408,773$1,022,780$761,984$2,020,155
64$2,588,366$1,006,794$721,409$2,134,013
65$2,784,195$987,943$677,391$2,257,931
66$2,997,851$966,020$629,752$2,392,940
67$3,231,084$940,807$578,301$2,540,177
68$3,485,821$912,073$522,841$2,700,897
69$3,764,185$879,575$463,166$2,876,486
70$4,068,510$843,052$399,060$3,068,476
71$4,401,369$802,232$330,299$3,278,556
72$4,765,591$756,825$256,647$3,508,590
73$5,164,296$706,524$177,859$3,760,638
74$5,600,916$651,005$93,680$4,036,971
75$6,079,232$589,927$3,840$4,340,099
76$6,603,408$522,927$0$4,672,787
77$7,178,028$449,623$0$5,056,749
78$7,808,144$369,611$0$5,478,741
79$8,499,316$282,465$0$5,941,764
80$9,257,673$187,732$0$6,449,985
81$10,089,962$84,937$0$7,008,001
82$11,003,617$0$0$7,620,876
83$12,006,826$0$0$8,299,427
84$13,108,608$0$0$9,063,203
85$14,318,901$0$0$9,902,277
86$15,648,649$0$0$10,824,247
87$17,109,913$0$0$11,837,484
88$18,715,976$0$0$12,951,210
89$20,481,474$0$0$14,175,585
90$22,422,532$0$0$15,521,801
91$24,556,914$0$0$17,002,192
92$26,904,192$0$0$18,630,342
93$29,485,931$0$0$20,421,223
94$32,325,889$0$0$22,391,327
95$35,450,242$0$0$24,558,827
96$38,887,834$0$0$26,943,744
97$42,670,443$0$0$29,568,141
98$46,833,083$0$0$32,456,324
99$51,414,336$0$0$35,635,077
100$56,456,712$0$0$39,133,912