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%19.3%
1 years$82,496$81,762$81,045$80,345$79,662$76,683
2 years$40,840$40,079$39,342$38,627$37,934$34,967
3 years$26,956$26,192$25,457$24,749$24,067$21,205
4 years$20,016$19,254$18,526$17,830$17,165$14,430
5 years$15,852$15,095$14,377$13,695$13,048$10,447
6 years$13,078$12,327$11,619$10,952$10,325$7,860
7 years$11,097$10,352$9,655$9,004$8,397$6,067
8 years$9,612$8,873$8,188$7,554$6,966$4,769
9 years$8,457$7,726$7,053$6,434$5,866$3,800
10 years$7,534$6,810$6,149$5,546$4,998$3,058
11 years$6,779$6,063$5,413$4,827$4,299$2,480
12 years$6,151$5,441$4,804$4,234$3,725$2,024
13 years$5,620$4,917$4,292$3,738$3,248$1,660
14 years$5,164$4,470$3,857$3,318$2,848$1,367
15 years$4,770$4,083$3,482$2,959$2,507$1,129
16 years$4,426$3,746$3,157$2,650$2,216$935
17 years$4,122$3,450$2,873$2,381$1,965$775
18 years$3,853$3,188$2,622$2,145$1,747$645
19 years$3,612$2,955$2,401$1,939$1,557$536
20 years$3,395$2,746$2,203$1,756$1,391$447
21 years$3,200$2,558$2,026$1,593$1,245$373
22 years$3,022$2,387$1,868$1,449$1,116$311
23 years$2,860$2,233$1,725$1,319$1,001$260
24 years$2,712$2,092$1,595$1,203$900$217
25 years$2,576$1,963$1,477$1,099$810$182
26 years$2,450$1,845$1,370$1,005$730$152
27 years$2,334$1,736$1,272$920$658$127
28 years$2,227$1,636$1,183$843$594$107
29 years$2,127$1,544$1,101$773$536$89
30 years$2,034$1,458$1,025$709$484$75
31 years$1,947$1,378$956$651$438$63
32 years$1,865$1,304$892$599$396$52
33 years$1,789$1,235$833$550$358$44
34 years$1,717$1,170$778$507$325$37
35 years$1,650$1,110$727$466$294$31
36 years$1,587$1,054$680$429$266$26
37 years$1,527$1,001$637$396$241$22
38 years$1,470$951$596$365$219$18
39 years$1,417$904$559$336$198$15
40 years$1,366$860$524$310$180$13
41 years$1,318$819$491$286$163$11
42 years$1,272$780$461$264$148$9
43 years$1,228$743$432$244$134$7
44 years$1,187$708$406$225$122$6
45 years$1,147$676$381$208$111$5
46 years$1,110$644$358$192$101$4
47 years$1,074$615$336$177$91$4
48 years$1,040$587$316$164$83$3
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $999,000, adding $6,123 every year, while hoping to spend $38,840 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: 63/16/21 Blend
50$999,000$999,000$999,000$999,000
51$1,107,214$1,054,267$1,038,782$1,170,595
52$1,178,824$1,064,600$1,032,256$1,224,399
53$1,256,437$1,074,139$1,024,209$1,278,240
54$1,340,624$1,082,802$1,014,551$1,336,151
55$1,432,012$1,090,504$1,003,183$1,398,534
56$1,531,294$1,097,155$990,006$1,465,831
57$1,639,228$1,102,658$974,914$1,538,530
58$1,756,652$1,106,911$957,796$1,617,172
59$1,884,485$1,109,804$938,536$1,702,351
60$2,023,740$1,111,221$917,015$1,794,725
61$2,175,530$1,111,040$893,103$1,895,018
62$2,341,082$1,109,129$866,670$2,004,033
63$2,521,745$1,105,349$837,577$2,122,652
64$2,719,005$1,099,553$805,677$2,251,850
65$2,934,497$1,091,584$770,820$2,392,705
66$3,170,020$1,081,277$732,848$2,546,402
67$3,427,558$1,068,455$691,594$2,714,253
68$3,709,291$1,052,932$646,885$2,897,705
69$4,017,624$1,034,510$598,540$3,098,352
70$4,355,200$1,012,980$546,370$3,317,956
71$4,724,935$988,119$490,177$3,558,460
72$5,130,035$959,695$429,755$3,822,006
73$5,574,036$927,457$364,889$4,110,960
74$6,060,827$891,142$295,353$4,427,931
75$6,594,696$850,472$220,912$4,775,797
76$7,180,363$805,154$141,320$5,157,732
77$7,823,028$754,874$56,322$5,577,238
78$8,528,418$699,304$0$6,038,180
79$9,302,842$638,095$0$6,552,523
80$10,153,251$570,880$0$7,131,232
81$11,087,298$497,269$0$7,766,921
82$12,113,419$416,852$0$8,465,377
83$13,240,903$329,193$0$9,232,976
84$14,479,985$233,834$0$10,076,747
85$15,841,943$130,291$0$11,004,436
86$17,339,197$18,051$0$12,024,582
87$18,985,435$0$0$13,146,596
88$20,795,734$0$0$14,399,058
89$22,786,709$0$0$15,780,096
90$24,976,662$0$0$17,299,239
91$27,385,759$0$0$18,970,486
92$30,036,222$0$0$20,809,262
93$32,952,530$0$0$22,832,562
94$36,161,660$0$0$25,059,113
95$39,693,332$0$0$27,509,547
96$43,580,294$0$0$30,206,599
97$47,858,632$0$0$33,175,320
98$52,568,103$0$0$36,443,311
99$57,752,520$0$0$40,040,987
100$63,460,155$0$0$44,001,859