Can I retire at age 51 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$82,001$81,271$80,558$79,862$79,183$76,679
2 years$40,595$39,839$39,106$38,395$37,706$35,206
3 years$26,794$26,035$25,304$24,600$23,922$21,505
4 years$19,895$19,138$18,415$17,723$17,062$14,745
5 years$15,757$15,005$14,291$13,613$12,970$10,760
6 years$12,999$12,253$11,549$10,886$10,263$8,162
7 years$11,030$10,290$9,597$8,950$8,346$6,355
8 years$9,554$8,820$8,139$7,508$6,924$5,040
9 years$8,406$7,680$7,010$6,395$5,831$4,052
10 years$7,489$6,769$6,112$5,513$4,968$3,292
11 years$6,739$6,026$5,381$4,798$4,273$2,696
12 years$6,114$5,409$4,775$4,208$3,703$2,223
13 years$5,586$4,888$4,266$3,715$3,229$1,842
14 years$5,133$4,443$3,833$3,298$2,831$1,532
15 years$4,742$4,059$3,461$2,941$2,492$1,279
16 years$4,399$3,724$3,138$2,634$2,203$1,070
17 years$4,098$3,429$2,855$2,366$1,953$898
18 years$3,830$3,169$2,607$2,132$1,737$755
19 years$3,590$2,937$2,386$1,927$1,548$635
20 years$3,375$2,729$2,190$1,745$1,383$536
21 years$3,180$2,542$2,014$1,584$1,237$452
22 years$3,004$2,373$1,857$1,440$1,109$382
23 years$2,843$2,219$1,714$1,312$995$323
24 years$2,695$2,079$1,585$1,196$895$273
25 years$2,560$1,951$1,468$1,092$805$231
26 years$2,435$1,834$1,362$999$725$196
27 years$2,320$1,726$1,265$914$654$166
28 years$2,213$1,626$1,176$838$590$140
29 years$2,114$1,534$1,094$768$533$119
30 years$2,021$1,449$1,019$705$481$101
31 years$1,935$1,370$950$647$435$86
32 years$1,854$1,296$886$595$394$73
33 years$1,778$1,227$828$547$356$62
34 years$1,707$1,163$773$503$323$52
35 years$1,640$1,103$723$463$292$44
36 years$1,577$1,047$676$427$265$38
37 years$1,518$995$633$393$240$32
38 years$1,461$945$593$362$218$27
39 years$1,408$899$555$334$197$23
40 years$1,358$855$521$308$179$19
41 years$1,310$814$488$284$162$17
42 years$1,264$775$458$262$147$14
43 years$1,221$739$430$242$134$12
44 years$1,180$704$403$224$121$10
45 years$1,141$671$379$207$110$9
46 years$1,103$641$356$191$100$7
47 years$1,067$611$334$176$91$6
48 years$1,033$584$314$163$82$5
49 years$1,001$557$295$151$75$4
50 years$970$532$277$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $993,000, adding $2,082 every year, while hoping to spend $58,474 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: 37/46/17 Blend
50$993,000$993,000$993,000$993,000
51$1,096,434$1,043,805$1,028,413$1,131,283
52$1,146,054$1,032,735$1,000,649$1,145,542
53$1,198,776$1,019,163$969,995$1,155,233
54$1,254,854$1,002,905$936,293$1,164,465
55$1,314,566$983,765$899,376$1,173,228
56$1,378,219$961,536$859,072$1,181,516
57$1,446,145$936,000$815,199$1,189,328
58$1,518,711$906,923$767,567$1,196,668
59$1,596,319$874,061$715,980$1,203,547
60$1,679,407$837,154$660,229$1,209,981
61$1,768,459$795,927$600,099$1,215,999
62$1,864,003$750,089$535,364$1,221,634
63$1,966,620$699,332$465,787$1,226,935
64$2,076,948$643,332$391,123$1,231,962
65$2,195,686$581,744$311,115$1,236,788
66$2,323,601$514,205$225,493$1,241,504
67$2,461,539$440,332$133,978$1,246,221
68$2,610,426$359,718$36,276$1,251,069
69$2,771,281$271,935$0$1,256,203
70$2,945,222$176,530$0$1,274,138
71$3,133,480$73,026$0$1,300,577
72$3,337,407$0$0$1,329,242
73$3,558,491$0$0$1,380,264
74$3,798,367$0$0$1,475,845
75$4,058,833$0$0$1,579,751
76$4,341,866$0$0$1,692,786
77$4,649,644$0$0$1,815,836
78$4,984,560$0$0$1,949,874
79$5,349,247$0$0$2,095,972
80$5,746,605$0$0$2,255,309
81$6,179,823$0$0$2,429,183
82$6,652,411$0$0$2,619,023
83$7,168,235$0$0$2,826,402
84$7,731,547$0$0$3,053,051
85$8,347,029$0$0$3,300,876
86$9,019,837$0$0$3,571,977
87$9,755,645$0$0$3,868,664
88$10,560,704$0$0$4,193,482
89$11,441,892$0$0$4,549,232
90$12,406,788$0$0$4,939,002
91$13,463,735$0$0$5,366,190
92$14,621,921$0$0$5,834,538
93$15,891,466$0$0$6,348,169
94$17,283,515$0$0$6,911,623
95$18,810,343$0$0$7,529,902
96$20,485,471$0$0$8,208,514
97$22,323,790$0$0$8,953,528
98$24,341,706$0$0$9,771,626
99$26,557,287$0$0$10,670,173
100$28,990,438$0$0$11,657,280