Can I retire at age 51 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$82,249$81,516$80,801$80,104$79,422$76,241
2 years$40,717$39,959$39,224$38,511$37,820$34,655
3 years$26,875$26,114$25,380$24,675$23,995$20,945
4 years$19,956$19,196$18,470$17,777$17,113$14,203
5 years$15,805$15,050$14,334$13,654$13,009$10,245
6 years$13,039$12,290$11,584$10,919$10,294$7,678
7 years$11,063$10,321$9,626$8,977$8,372$5,903
8 years$9,583$8,847$8,164$7,531$6,945$4,621
9 years$8,432$7,703$7,032$6,415$5,849$3,666
10 years$7,511$6,790$6,130$5,530$4,983$2,937
11 years$6,759$6,044$5,397$4,812$4,286$2,371
12 years$6,132$5,425$4,790$4,221$3,714$1,926
13 years$5,603$4,903$4,279$3,727$3,239$1,572
14 years$5,149$4,456$3,845$3,308$2,839$1,288
15 years$4,756$4,071$3,471$2,950$2,500$1,058
16 years$4,413$3,735$3,147$2,642$2,209$872
17 years$4,110$3,440$2,864$2,373$1,959$720
18 years$3,841$3,179$2,614$2,139$1,742$595
19 years$3,601$2,946$2,393$1,933$1,552$493
20 years$3,385$2,737$2,197$1,750$1,387$408
21 years$3,190$2,550$2,020$1,589$1,241$339
22 years$3,013$2,380$1,862$1,444$1,112$281
23 years$2,851$2,226$1,719$1,315$998$234
24 years$2,704$2,086$1,590$1,200$897$194
25 years$2,568$1,957$1,473$1,096$808$162
26 years$2,443$1,840$1,366$1,002$727$134
27 years$2,327$1,731$1,268$917$656$112
28 years$2,220$1,631$1,179$840$592$93
29 years$2,120$1,539$1,097$770$534$77
30 years$2,027$1,453$1,022$707$483$65
31 years$1,941$1,374$953$649$437$54
32 years$1,860$1,300$889$597$395$45
33 years$1,784$1,231$830$549$357$37
34 years$1,712$1,167$776$505$324$31
35 years$1,645$1,107$725$465$293$26
36 years$1,582$1,050$678$428$266$22
37 years$1,522$998$635$394$241$18
38 years$1,466$948$595$364$218$15
39 years$1,412$902$557$335$198$12
40 years$1,362$858$522$309$179$10
41 years$1,314$817$490$285$163$9
42 years$1,268$778$459$263$148$7
43 years$1,225$741$431$243$134$6
44 years$1,183$706$404$224$122$5
45 years$1,144$674$380$207$110$4
46 years$1,107$643$357$191$100$3
47 years$1,071$613$335$177$91$3
48 years$1,036$585$315$163$83$2
49 years$1,004$559$296$151$75$2
50 years$972$534$278$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $996,000, adding $5,963 every year, while hoping to spend $55,227 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: 47/30/23 Blend
50$996,000$996,000$996,000$996,000
51$1,103,743$1,050,955$1,035,517$1,148,123
52$1,157,564$1,043,691$1,011,446$1,172,557
53$1,215,023$1,034,219$984,717$1,193,114
54$1,276,434$1,022,375$955,184$1,214,307
55$1,342,139$1,007,980$922,691$1,236,224
56$1,412,515$990,849$887,079$1,258,961
57$1,487,974$970,783$848,179$1,282,630
58$1,568,968$947,572$805,814$1,307,357
59$1,655,995$920,995$759,800$1,333,287
60$1,749,598$890,815$709,945$1,360,581
61$1,850,376$856,784$656,047$1,389,424
62$1,958,987$818,639$597,897$1,420,023
63$2,076,151$776,101$535,275$1,452,612
64$2,202,664$728,874$467,951$1,487,456
65$2,339,395$676,648$395,687$1,524,850
66$2,487,302$619,093$318,232$1,565,128
67$2,647,439$555,861$235,324$1,608,664
68$2,820,962$486,582$146,692$1,655,875
69$3,009,144$410,869$52,050$1,707,232
70$3,213,385$328,310$0$1,763,260
71$3,435,224$238,470$0$1,836,558
72$3,676,353$140,892$0$1,930,183
73$3,938,636$35,090$0$2,032,158
74$4,224,121$0$0$2,143,383
75$4,535,064$0$0$2,291,084
76$4,873,946$0$0$2,464,783
77$5,243,497$0$0$2,654,310
78$5,646,724$0$0$2,861,220
79$6,086,934$0$0$3,087,224
80$6,567,768$0$0$3,334,206
81$7,093,237$0$0$3,604,241
82$7,667,754$0$0$3,899,613
83$8,296,179$0$0$4,222,837
84$8,983,861$0$0$4,576,681
85$9,736,694$0$0$4,964,196
86$10,561,164$0$0$5,388,739
87$11,464,417$0$0$5,854,009
88$12,454,322$0$0$6,364,078
89$13,539,543$0$0$6,923,432
90$14,729,626$0$0$7,537,013
91$16,035,083$0$0$8,210,262
92$17,467,491$0$0$8,949,172
93$19,039,606$0$0$9,760,348
94$20,765,474$0$0$10,651,062
95$22,660,572$0$0$11,629,327
96$24,741,946$0$0$12,703,968
97$27,028,375$0$0$13,884,708
98$29,540,547$0$0$15,182,260
99$32,301,251$0$0$16,608,423
100$35,335,595$0$0$18,176,198