Can I retire at age 51 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$82,331$81,598$80,882$80,184$79,502$77,329
2 years$40,758$39,999$39,263$38,550$37,858$35,685
3 years$26,902$26,140$25,406$24,699$24,019$21,913
4 years$19,976$19,216$18,489$17,795$17,130$15,109
5 years$15,821$15,065$14,348$13,668$13,022$11,090
6 years$13,052$12,302$11,596$10,930$10,304$8,463
7 years$11,075$10,331$9,636$8,986$8,380$6,630
8 years$9,592$8,856$8,172$7,538$6,952$5,292
9 years$8,440$7,710$7,039$6,421$5,855$4,284
10 years$7,519$6,796$6,136$5,535$4,988$3,504
11 years$6,766$6,050$5,402$4,817$4,290$2,891
12 years$6,139$5,431$4,794$4,225$3,718$2,400
13 years$5,608$4,908$4,284$3,730$3,242$2,003
14 years$5,154$4,461$3,849$3,311$2,842$1,679
15 years$4,761$4,075$3,475$2,953$2,502$1,413
16 years$4,417$3,739$3,151$2,644$2,211$1,192
17 years$4,114$3,443$2,867$2,376$1,961$1,008
18 years$3,845$3,182$2,617$2,141$1,744$854
19 years$3,605$2,949$2,396$1,935$1,554$725
20 years$3,388$2,740$2,199$1,752$1,388$616
21 years$3,193$2,552$2,022$1,590$1,242$525
22 years$3,016$2,383$1,864$1,446$1,113$447
23 years$2,854$2,228$1,721$1,317$999$381
24 years$2,706$2,088$1,592$1,201$898$325
25 years$2,570$1,959$1,474$1,097$808$278
26 years$2,445$1,841$1,367$1,003$728$237
27 years$2,329$1,733$1,270$918$657$203
28 years$2,222$1,633$1,180$841$592$173
29 years$2,122$1,541$1,098$771$535$148
30 years$2,029$1,455$1,023$708$483$127
31 years$1,943$1,375$954$650$437$109
32 years$1,862$1,301$890$597$395$93
33 years$1,785$1,232$831$549$358$80
34 years$1,714$1,168$776$505$324$68
35 years$1,647$1,108$726$465$293$58
36 years$1,583$1,052$679$429$266$50
37 years$1,524$999$636$395$241$43
38 years$1,467$949$595$364$218$37
39 years$1,414$903$558$336$198$31
40 years$1,363$859$523$310$180$27
41 years$1,315$817$490$286$163$23
42 years$1,269$778$460$264$148$20
43 years$1,226$742$431$243$134$17
44 years$1,185$707$405$225$122$14
45 years$1,145$674$380$207$111$12
46 years$1,108$643$357$192$100$11
47 years$1,072$614$335$177$91$9
48 years$1,038$586$315$164$83$8
49 years$1,005$560$296$151$75$7
50 years$973$534$279$140$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $997,000, adding $3,662 every year, while hoping to spend $38,172 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: 30/44/26 Blend
50$997,000$997,000$997,000$997,000
51$1,102,471$1,049,630$1,034,177$1,126,608
52$1,174,309$1,060,448$1,028,207$1,156,448
53$1,252,194$1,070,515$1,020,758$1,184,920
54$1,336,704$1,079,757$1,011,740$1,214,782
55$1,428,473$1,088,090$1,001,058$1,246,180
56$1,528,198$1,095,427$988,614$1,279,277
57$1,636,647$1,101,676$974,305$1,314,258
58$1,754,664$1,106,737$958,023$1,351,325
59$1,883,177$1,110,504$939,655$1,390,709
60$2,023,209$1,112,867$919,081$1,432,662
61$2,175,885$1,113,706$896,179$1,477,470
62$2,342,442$1,112,895$870,818$1,525,448
63$2,524,244$1,110,299$842,863$1,576,947
64$2,722,789$1,105,777$812,172$1,632,362
65$2,939,731$1,099,176$778,596$1,692,127
66$3,176,886$1,090,338$741,981$1,756,729
67$3,436,255$1,079,092$702,165$1,826,707
68$3,720,043$1,065,257$658,977$1,902,661
69$4,030,676$1,048,644$612,242$1,985,257
70$4,370,826$1,029,048$561,773$2,075,237
71$4,743,435$1,006,257$507,377$2,173,422
72$5,151,745$980,042$448,854$2,280,724
73$5,599,323$950,165$385,990$2,398,155
74$6,090,100$916,369$318,567$2,526,840
75$6,628,405$878,386$246,354$2,668,022
76$7,219,007$835,931$169,111$2,823,082
77$7,867,156$788,703$86,587$2,993,550
78$8,578,640$736,382$0$3,181,123
79$9,359,828$678,633$0$3,388,087
80$10,217,743$615,097$0$3,641,774
81$11,160,116$545,400$0$3,920,519
82$12,195,466$469,143$0$4,226,955
83$13,333,177$385,905$0$4,563,989
84$14,583,590$295,243$0$4,934,834
85$15,958,093$196,687$0$5,343,037
86$17,469,235$89,741$0$5,792,519
87$19,130,841$0$0$6,287,607
88$20,958,142$0$0$6,845,727
89$22,967,921$0$0$7,507,544
90$25,178,668$0$0$8,235,719
91$27,610,752$0$0$9,036,983
92$30,286,621$0$0$9,918,755
93$33,231,006$0$0$10,889,207
94$36,471,154$0$0$11,957,346
95$40,037,092$0$0$13,133,094
96$43,961,900$0$0$14,427,386
97$48,282,030$0$0$15,852,269
98$53,037,649$0$0$17,421,019
99$58,273,013$0$0$19,148,263
100$64,036,887$0$0$21,050,121