Can I retire at age 51 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$81,836$81,107$80,396$79,702$79,024$77,239
2 years$40,513$39,758$39,027$38,318$37,630$35,842
3 years$26,740$25,982$25,253$24,551$23,874$22,138
4 years$19,855$19,100$18,378$17,687$17,027$15,356
5 years$15,725$14,975$14,262$13,586$12,944$11,343
6 years$12,973$12,228$11,526$10,865$10,242$8,713
7 years$11,008$10,269$9,578$8,932$8,330$6,872
8 years$9,535$8,802$8,123$7,493$6,910$5,525
9 years$8,389$7,664$6,996$6,382$5,819$4,504
10 years$7,474$6,755$6,099$5,502$4,958$3,712
11 years$6,725$6,014$5,370$4,788$4,264$3,086
12 years$6,102$5,398$4,766$4,200$3,695$2,582
13 years$5,575$4,878$4,258$3,708$3,222$2,173
14 years$5,123$4,434$3,826$3,291$2,825$1,837
15 years$4,732$4,051$3,454$2,935$2,487$1,558
16 years$4,391$3,716$3,132$2,628$2,198$1,326
17 years$4,089$3,423$2,850$2,362$1,949$1,131
18 years$3,822$3,163$2,601$2,128$1,733$967
19 years$3,583$2,931$2,381$1,923$1,545$828
20 years$3,368$2,724$2,186$1,742$1,380$711
21 years$3,174$2,537$2,010$1,581$1,235$610
22 years$2,998$2,368$1,853$1,437$1,107$525
23 years$2,837$2,215$1,711$1,309$993$452
24 years$2,690$2,075$1,582$1,194$893$389
25 years$2,555$1,948$1,465$1,090$804$335
26 years$2,430$1,830$1,359$997$724$289
27 years$2,315$1,723$1,262$912$653$250
28 years$2,209$1,623$1,173$836$589$216
29 years$2,110$1,531$1,092$767$532$186
30 years$2,017$1,446$1,017$704$480$161
31 years$1,931$1,367$948$646$434$139
32 years$1,850$1,294$885$594$393$120
33 years$1,775$1,225$826$546$356$104
34 years$1,704$1,161$772$502$322$90
35 years$1,637$1,101$721$463$292$78
36 years$1,574$1,045$675$426$264$67
37 years$1,515$993$632$392$239$58
38 years$1,458$943$592$362$217$50
39 years$1,405$897$554$334$197$44
40 years$1,355$854$519$308$179$38
41 years$1,307$812$487$284$162$33
42 years$1,262$774$457$262$147$28
43 years$1,219$737$429$242$133$24
44 years$1,177$703$402$223$121$21
45 years$1,138$670$378$206$110$18
46 years$1,101$639$355$190$100$16
47 years$1,065$610$333$176$91$14
48 years$1,031$582$313$163$82$12
49 years$999$556$295$150$75$10
50 years$968$531$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $991,000, adding $5,540 every year, while hoping to spend $37,345 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: 61/12/27 Blend
50$991,000$991,000$991,000$991,000
51$1,097,797$1,045,274$1,029,913$1,156,491
52$1,170,037$1,056,757$1,024,680$1,208,544
53$1,248,394$1,067,552$1,018,021$1,260,815
54$1,333,453$1,077,584$1,009,847$1,317,074
55$1,425,856$1,086,777$1,000,067$1,377,720
56$1,526,310$1,095,046$988,587$1,443,191
57$1,635,594$1,102,303$975,305$1,513,970
58$1,754,563$1,108,455$960,116$1,590,592
59$1,884,159$1,113,400$942,910$1,673,647
60$2,025,419$1,117,032$923,574$1,763,787
61$2,179,484$1,119,238$901,985$1,861,729
62$2,347,608$1,119,898$878,019$1,968,269
63$2,531,174$1,118,883$851,542$2,084,281
64$2,731,704$1,116,058$822,419$2,210,735
65$2,950,871$1,111,278$790,503$2,348,696
66$3,190,521$1,104,392$755,646$2,499,344
67$3,452,682$1,095,235$717,688$2,663,979
68$3,739,591$1,083,637$676,466$2,844,035
69$4,053,709$1,069,415$631,807$3,041,098
70$4,397,746$1,052,375$583,531$3,256,914
71$4,774,687$1,032,312$531,451$3,493,412
72$5,187,821$1,009,011$475,370$3,752,721
73$5,640,766$982,240$415,083$4,037,186
74$6,137,511$951,757$350,375$4,349,400
75$6,682,448$917,304$281,023$4,692,219
76$7,280,414$878,608$206,794$5,068,797
77$7,936,738$835,382$127,443$5,482,610
78$8,657,290$787,319$42,716$5,937,496
79$9,448,534$734,098$0$6,437,686
80$10,317,593$675,378$0$7,001,591
81$11,272,313$610,798$0$7,634,641
82$12,321,339$539,976$0$8,330,281
83$13,474,191$462,511$0$9,094,859
84$14,741,361$377,976$0$9,935,374
85$16,134,405$285,922$0$10,859,536
86$17,666,056$185,874$0$11,875,846
87$19,350,343$77,331$0$12,993,669
88$21,202,722$0$0$14,223,327
89$23,240,220$0$0$15,581,509
90$25,481,600$0$0$17,086,917
91$27,947,533$0$0$18,743,234
92$30,660,797$0$0$20,565,769
93$33,646,485$0$0$22,571,389
94$36,932,250$0$0$24,778,683
95$40,548,558$0$0$27,208,128
96$44,528,979$0$0$29,882,291
97$48,910,505$0$0$32,826,034
98$53,733,893$0$0$36,066,755
99$59,044,053$0$0$39,634,642
100$64,890,473$0$0$43,562,960