Can I retire at age 51 with 995,000?

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 $995,000?

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$82,166$81,434$80,720$80,023$79,343$77,741
2 years$40,676$39,919$39,185$38,473$37,782$36,175
3 years$26,848$26,087$25,355$24,650$23,971$22,409
4 years$19,935$19,177$18,452$17,759$17,096$15,591
5 years$15,789$15,035$14,319$13,640$12,996$11,553
6 years$13,025$12,277$11,572$10,908$10,283$8,903
7 years$11,052$10,310$9,617$8,968$8,363$7,046
8 years$9,573$8,838$8,156$7,523$6,938$5,684
9 years$8,423$7,695$7,024$6,408$5,843$4,651
10 years$7,504$6,783$6,124$5,524$4,978$3,848
11 years$6,752$6,038$5,392$4,808$4,282$3,210
12 years$6,126$5,420$4,785$4,217$3,710$2,697
13 years$5,597$4,898$4,275$3,723$3,235$2,279
14 years$5,144$4,452$3,841$3,305$2,836$1,934
15 years$4,751$4,067$3,468$2,947$2,497$1,647
16 years$4,408$3,731$3,144$2,639$2,207$1,408
17 years$4,106$3,436$2,861$2,371$1,957$1,206
18 years$3,837$3,175$2,612$2,137$1,740$1,036
19 years$3,597$2,943$2,391$1,931$1,551$891
20 years$3,382$2,735$2,194$1,749$1,385$768
21 years$3,187$2,547$2,018$1,587$1,240$663
22 years$3,010$2,378$1,860$1,443$1,111$572
23 years$2,849$2,224$1,718$1,314$997$495
24 years$2,701$2,084$1,588$1,199$897$428
25 years$2,565$1,955$1,471$1,095$807$371
26 years$2,440$1,838$1,365$1,001$727$322
27 years$2,325$1,730$1,267$916$655$279
28 years$2,218$1,630$1,178$839$591$242
29 years$2,118$1,537$1,096$770$534$210
30 years$2,025$1,452$1,021$706$482$182
31 years$1,939$1,373$952$649$436$158
32 years$1,858$1,299$888$596$394$138
33 years$1,782$1,230$829$548$357$120
34 years$1,711$1,166$775$504$323$104
35 years$1,644$1,106$724$464$293$90
36 years$1,580$1,049$678$428$265$79
37 years$1,521$997$634$394$240$68
38 years$1,464$947$594$363$218$59
39 years$1,411$901$556$335$198$52
40 years$1,360$857$522$309$179$45
41 years$1,312$816$489$285$163$39
42 years$1,267$777$459$263$148$34
43 years$1,223$740$430$243$134$30
44 years$1,182$706$404$224$122$26
45 years$1,143$673$379$207$110$22
46 years$1,105$642$356$191$100$19
47 years$1,070$613$335$177$91$17
48 years$1,035$585$315$163$83$15
49 years$1,003$558$296$151$75$13
50 years$971$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 $995,000, adding $3,276 every year, while hoping to spend $27,323 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: 26/48/26 Blend
50$995,000$995,000$995,000$995,000
51$1,099,869$1,047,134$1,031,712$1,119,420
52$1,182,984$1,069,372$1,037,203$1,157,814
53$1,273,662$1,091,784$1,041,962$1,196,412
54$1,372,643$1,114,350$1,045,936$1,237,258
55$1,480,747$1,137,047$1,049,068$1,280,559
56$1,598,872$1,159,851$1,051,301$1,326,545
57$1,728,009$1,182,736$1,052,571$1,375,471
58$1,869,248$1,205,673$1,052,815$1,427,617
59$2,023,791$1,228,630$1,051,964$1,483,292
60$2,192,960$1,251,575$1,049,947$1,542,840
61$2,378,210$1,274,471$1,046,689$1,606,640
62$2,581,145$1,297,277$1,042,110$1,675,109
63$2,803,531$1,319,953$1,036,130$1,748,711
64$3,047,312$1,342,451$1,028,661$1,827,956
65$3,314,630$1,364,724$1,019,614$1,913,410
66$3,607,844$1,386,717$1,008,892$2,005,695
67$3,929,552$1,408,374$996,398$2,105,502
68$4,282,616$1,429,634$982,027$2,213,591
69$4,670,189$1,450,432$965,671$2,330,803
70$5,095,742$1,470,697$947,215$2,458,069
71$5,563,102$1,490,355$926,541$2,596,413
72$6,076,482$1,509,326$903,523$2,746,971
73$6,640,523$1,527,523$878,031$2,910,993
74$7,260,340$1,544,856$849,929$3,089,862
75$7,941,567$1,561,226$819,074$3,285,105
76$8,690,410$1,576,529$785,316$3,498,408
77$9,513,707$1,590,654$748,500$3,731,632
78$10,418,993$1,603,484$708,462$3,986,832
79$11,414,566$1,614,890$665,031$4,266,277
80$12,509,572$1,624,740$618,030$4,572,473
81$13,714,086$1,632,891$567,272$4,908,183
82$15,039,210$1,639,189$512,563$5,276,461
83$16,497,175$1,643,475$453,699$5,680,673
84$18,101,457$1,645,575$390,468$6,124,540
85$19,866,905$1,645,308$322,648$6,612,162
86$21,809,880$1,642,479$250,008$7,148,070
87$23,948,410$1,636,883$172,305$7,737,259
88$26,302,359$1,628,301$89,289$8,385,243
89$28,893,614$1,616,502$694$9,098,106
90$31,746,292$1,601,240$0$9,882,561
91$34,886,967$1,582,254$0$10,772,050
92$38,344,921$1,559,268$0$11,750,605
93$42,152,420$1,531,990$0$12,827,130
94$46,345,019$1,500,109$0$14,011,655
95$50,961,893$1,463,297$0$15,315,239
96$56,046,214$1,421,206$0$16,750,075
97$61,645,551$1,373,468$0$18,329,608
98$67,812,323$1,319,694$0$20,068,658
99$74,604,292$1,259,471$0$21,983,569
100$82,085,108$1,192,363$0$24,092,356