Can I retire at age 51 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$82,496$81,762$81,045$80,345$79,662$78,601
2 years$40,840$40,079$39,342$38,627$37,934$36,867
3 years$26,956$26,192$25,457$24,749$24,067$23,027
4 years$20,016$19,254$18,526$17,830$17,165$16,160
5 years$15,852$15,095$14,377$13,695$13,048$12,081
6 years$13,078$12,327$11,619$10,952$10,325$9,397
7 years$11,097$10,352$9,655$9,004$8,397$7,508
8 years$9,612$8,873$8,188$7,554$6,966$6,116
9 years$8,457$7,726$7,053$6,434$5,866$5,056
10 years$7,534$6,810$6,149$5,546$4,998$4,226
11 years$6,779$6,063$5,413$4,827$4,299$3,564
12 years$6,151$5,441$4,804$4,234$3,725$3,027
13 years$5,620$4,917$4,292$3,738$3,248$2,586
14 years$5,164$4,470$3,857$3,318$2,848$2,220
15 years$4,770$4,083$3,482$2,959$2,507$1,913
16 years$4,426$3,746$3,157$2,650$2,216$1,655
17 years$4,122$3,450$2,873$2,381$1,965$1,435
18 years$3,853$3,188$2,622$2,145$1,747$1,248
19 years$3,612$2,955$2,401$1,939$1,557$1,087
20 years$3,395$2,746$2,203$1,756$1,391$949
21 years$3,200$2,558$2,026$1,593$1,245$829
22 years$3,022$2,387$1,868$1,449$1,116$726
23 years$2,860$2,233$1,725$1,319$1,001$636
24 years$2,712$2,092$1,595$1,203$900$558
25 years$2,576$1,963$1,477$1,099$810$490
26 years$2,450$1,845$1,370$1,005$730$430
27 years$2,334$1,736$1,272$920$658$378
28 years$2,227$1,636$1,183$843$594$333
29 years$2,127$1,544$1,101$773$536$293
30 years$2,034$1,458$1,025$709$484$258
31 years$1,947$1,378$956$651$438$227
32 years$1,865$1,304$892$599$396$200
33 years$1,789$1,235$833$550$358$176
34 years$1,717$1,170$778$507$325$155
35 years$1,650$1,110$727$466$294$137
36 years$1,587$1,054$680$429$266$121
37 years$1,527$1,001$637$396$241$107
38 years$1,470$951$596$365$219$94
39 years$1,417$904$559$336$198$83
40 years$1,366$860$524$310$180$73
41 years$1,318$819$491$286$163$65
42 years$1,272$780$461$264$148$57
43 years$1,228$743$432$244$134$50
44 years$1,187$708$406$225$122$45
45 years$1,147$676$381$208$111$39
46 years$1,110$644$358$192$101$35
47 years$1,074$615$336$177$91$31
48 years$1,040$587$316$164$83$27
49 years$1,007$561$297$151$75$24
50 years$975$536$279$140$68$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $999,000, adding $3,516 every year, while hoping to spend $58,508 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: 45/32/23 Blend
50$999,000$999,000$999,000$999,000
51$1,104,525$1,051,578$1,036,093$1,146,761
52$1,154,934$1,040,853$1,008,550$1,166,176
53$1,208,525$1,027,642$978,124$1,181,220
54$1,265,558$1,011,761$944,655$1,196,357
55$1,326,323$993,015$907,979$1,211,624
56$1,391,134$971,198$867,922$1,227,067
57$1,460,335$946,093$824,303$1,242,742
58$1,534,305$917,467$776,933$1,258,714
59$1,613,458$885,077$725,614$1,275,058
60$1,698,249$848,663$670,140$1,291,864
61$1,789,174$807,952$610,294$1,309,237
62$1,886,782$762,654$545,851$1,327,296
63$1,991,672$712,462$476,575$1,346,180
64$2,104,503$657,052$402,220$1,366,050
65$2,225,997$596,083$322,529$1,387,087
66$2,356,948$529,191$237,234$1,409,499
67$2,498,230$455,994$146,055$1,433,526
68$2,650,800$376,088$48,698$1,459,437
69$2,815,711$289,046$0$1,487,538
70$2,994,121$194,417$0$1,531,723
71$3,187,301$91,723$0$1,592,472
72$3,396,652$0$0$1,658,346
73$3,623,709$0$0$1,736,807
74$3,870,165$0$0$1,857,129
75$4,137,881$0$0$1,987,933
76$4,428,901$0$0$2,130,233
77$4,745,478$0$0$2,285,143
78$5,090,087$0$0$2,453,888
79$5,465,455$0$0$2,637,819
80$5,874,580$0$0$2,838,420
81$6,320,762$0$0$3,057,326
82$6,807,635$0$0$3,296,337
83$7,339,197$0$0$3,557,432
84$7,919,849$0$0$3,842,792
85$8,554,437$0$0$4,154,817
86$9,248,297$0$0$4,496,151
87$10,007,301$0$0$4,869,704
88$10,837,918$0$0$5,278,680
89$11,747,269$0$0$5,726,608
90$12,743,195$0$0$6,217,374
91$13,834,334$0$0$6,755,257
92$15,030,197$0$0$7,344,972
93$16,341,257$0$0$7,991,709
94$17,779,051$0$0$8,701,186
95$19,356,287$0$0$9,479,700
96$21,086,959$0$0$10,334,189
97$22,986,484$0$0$11,272,295
98$25,071,844$0$0$12,302,434
99$27,361,744$0$0$13,433,878
100$29,876,789$0$0$14,676,842