Can I retire at age 51 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$82,084$81,352$80,639$79,943$79,263$77,663
2 years$40,635$39,879$39,145$38,434$37,744$36,139
3 years$26,821$26,061$25,330$24,625$23,947$22,386
4 years$19,915$19,158$18,433$17,741$17,079$15,576
5 years$15,773$15,020$14,305$13,627$12,983$11,541
6 years$13,012$12,265$11,561$10,897$10,273$8,894
7 years$11,041$10,300$9,607$8,959$8,355$7,039
8 years$9,564$8,829$8,147$7,516$6,931$5,679
9 years$8,415$7,687$7,017$6,402$5,837$4,646
10 years$7,496$6,776$6,118$5,518$4,973$3,844
11 years$6,745$6,032$5,386$4,803$4,277$3,207
12 years$6,120$5,414$4,780$4,213$3,707$2,694
13 years$5,591$4,893$4,271$3,719$3,232$2,276
14 years$5,139$4,447$3,837$3,301$2,833$1,932
15 years$4,747$4,063$3,464$2,944$2,495$1,646
16 years$4,404$3,728$3,141$2,636$2,205$1,406
17 years$4,102$3,433$2,858$2,369$1,955$1,205
18 years$3,833$3,172$2,609$2,135$1,738$1,035
19 years$3,594$2,940$2,389$1,929$1,549$890
20 years$3,378$2,732$2,192$1,747$1,384$767
21 years$3,184$2,545$2,016$1,585$1,238$662
22 years$3,007$2,375$1,858$1,442$1,110$572
23 years$2,846$2,222$1,716$1,313$996$495
24 years$2,698$2,082$1,587$1,197$896$428
25 years$2,563$1,953$1,470$1,094$806$371
26 years$2,438$1,836$1,363$1,000$726$321
27 years$2,322$1,728$1,266$915$655$279
28 years$2,215$1,628$1,177$839$591$242
29 years$2,116$1,536$1,095$769$533$210
30 years$2,023$1,451$1,020$706$482$182
31 years$1,937$1,371$951$648$436$158
32 years$1,856$1,297$887$596$394$137
33 years$1,780$1,229$828$548$357$119
34 years$1,709$1,165$774$504$323$104
35 years$1,642$1,105$724$464$292$90
36 years$1,579$1,048$677$427$265$78
37 years$1,519$996$634$394$240$68
38 years$1,463$946$593$363$218$59
39 years$1,409$900$556$335$197$52
40 years$1,359$856$521$309$179$45
41 years$1,311$815$489$285$162$39
42 years$1,266$776$458$263$147$34
43 years$1,222$739$430$243$134$30
44 years$1,181$705$404$224$121$26
45 years$1,142$672$379$207$110$22
46 years$1,104$641$356$191$100$19
47 years$1,069$612$334$177$91$17
48 years$1,034$584$314$163$83$15
49 years$1,002$558$295$151$75$13
50 years$970$533$278$139$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $994,000, adding $5,016 every year, while hoping to spend $49,931 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: 68/8/24 Blend
50$994,000$994,000$994,000$994,000
51$1,100,562$1,047,880$1,032,473$1,168,329
52$1,159,693$1,046,100$1,013,935$1,212,633
53$1,223,182$1,042,559$993,102$1,254,881
54$1,291,421$1,037,119$969,845$1,299,931
55$1,364,839$1,029,631$944,028$1,348,061
56$1,443,910$1,019,940$915,510$1,399,576
57$1,529,151$1,007,879$884,142$1,454,813
58$1,621,133$993,274$849,769$1,514,148
59$1,720,481$975,937$812,229$1,577,993
60$1,827,883$955,671$771,352$1,646,805
61$1,944,096$932,267$726,961$1,721,090
62$2,069,950$905,504$678,870$1,801,405
63$2,206,359$875,148$626,886$1,888,369
64$2,354,328$840,951$570,807$1,982,663
65$2,514,962$802,650$510,422$2,085,041
66$2,689,476$759,968$445,509$2,196,335
67$2,879,207$712,611$375,838$2,317,467
68$3,085,625$660,268$301,168$2,449,452
69$3,310,350$602,613$221,248$2,593,413
70$3,555,162$539,296$135,816$2,750,592
71$3,822,020$469,953$44,597$2,922,357
72$4,113,080$394,195$0$3,110,221
73$4,430,717$311,614$0$3,329,364
74$4,777,543$221,776$0$3,581,188
75$5,156,434$124,225$0$3,856,375
76$5,570,558$18,479$0$4,157,259
77$6,023,399$0$0$4,486,408
78$6,518,796$0$0$4,855,101
79$7,060,975$0$0$5,260,449
80$7,654,591$0$0$5,704,312
81$8,304,767$0$0$6,190,529
82$9,017,148$0$0$6,723,327
83$9,797,948$0$0$7,307,364
84$10,654,013$0$0$7,947,768
85$11,592,882$0$0$8,650,187
86$12,622,858$0$0$9,420,843
87$13,753,088$0$0$10,266,588
88$14,993,647$0$0$11,194,972
89$16,355,632$0$0$12,214,308
90$17,851,267$0$0$13,333,755
91$19,494,019$0$0$14,563,405
92$21,298,722$0$0$15,914,371
93$23,281,719$0$0$17,398,900
94$25,461,013$0$0$19,030,479
95$27,856,439$0$0$20,823,972
96$30,489,847$0$0$22,795,752
97$33,385,313$0$0$24,963,857
98$36,569,360$0$0$27,348,160
99$40,071,210$0$0$29,970,560
100$43,923,060$0$0$32,855,180