Can I retire at age 51 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$82,414$81,680$80,964$80,265$79,582$77,470
2 years$40,799$40,039$39,303$38,589$37,896$35,783
3 years$26,929$26,166$25,431$24,724$24,043$21,994
4 years$19,996$19,235$18,508$17,812$17,148$15,180
5 years$15,837$15,080$14,363$13,682$13,035$11,154
6 years$13,065$12,314$11,607$10,941$10,314$8,521
7 years$11,086$10,341$9,646$8,995$8,388$6,683
8 years$9,602$8,865$8,180$7,546$6,959$5,341
9 years$8,449$7,718$7,046$6,428$5,860$4,329
10 years$7,527$6,803$6,143$5,541$4,993$3,545
11 years$6,773$6,056$5,408$4,822$4,294$2,928
12 years$6,145$5,436$4,799$4,230$3,722$2,435
13 years$5,614$4,913$4,288$3,734$3,245$2,035
14 years$5,159$4,465$3,853$3,315$2,845$1,708
15 years$4,766$4,079$3,478$2,956$2,505$1,439
16 years$4,422$3,743$3,154$2,647$2,214$1,216
17 years$4,118$3,447$2,870$2,378$1,963$1,030
18 years$3,849$3,185$2,620$2,143$1,745$874
19 years$3,608$2,952$2,398$1,937$1,556$743
20 years$3,392$2,743$2,201$1,754$1,389$633
21 years$3,196$2,555$2,024$1,592$1,243$539
22 years$3,019$2,385$1,866$1,447$1,115$460
23 years$2,857$2,231$1,723$1,318$1,000$393
24 years$2,709$2,090$1,593$1,202$899$336
25 years$2,573$1,961$1,476$1,098$809$287
26 years$2,448$1,843$1,369$1,004$729$246
27 years$2,332$1,735$1,271$919$657$210
28 years$2,224$1,635$1,181$842$593$180
29 years$2,124$1,542$1,099$772$535$154
30 years$2,031$1,456$1,024$709$484$132
31 years$1,945$1,377$955$651$437$113
32 years$1,863$1,303$891$598$396$97
33 years$1,787$1,234$832$550$358$83
34 years$1,716$1,169$777$506$324$71
35 years$1,648$1,109$727$466$294$61
36 years$1,585$1,053$680$429$266$53
37 years$1,525$1,000$636$395$241$45
38 years$1,469$950$596$364$219$39
39 years$1,415$903$558$336$198$33
40 years$1,364$860$523$310$180$28
41 years$1,316$818$491$286$163$24
42 years$1,271$779$460$264$148$21
43 years$1,227$742$432$244$134$18
44 years$1,186$708$405$225$122$15
45 years$1,146$675$381$208$111$13
46 years$1,109$644$357$192$101$11
47 years$1,073$614$336$177$91$10
48 years$1,039$587$316$164$83$8
49 years$1,006$560$297$151$75$7
50 years$974$535$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 $998,000, adding $2,348 every year, while hoping to spend $21,298 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: 55/39/6 Blend
50$998,000$998,000$998,000$998,000
51$1,102,218$1,049,324$1,033,855$1,161,266
52$1,191,983$1,078,080$1,045,828$1,230,116
53$1,290,191$1,107,531$1,057,489$1,302,467
54$1,397,679$1,137,689$1,068,804$1,380,712
55$1,515,372$1,168,565$1,079,738$1,465,414
56$1,644,286$1,200,171$1,090,255$1,557,192
57$1,785,541$1,232,517$1,100,317$1,656,726
58$1,940,371$1,265,615$1,109,882$1,764,766
59$2,110,133$1,299,475$1,118,907$1,882,138
60$2,296,324$1,334,107$1,127,348$2,009,748
61$2,500,592$1,369,521$1,135,157$2,148,598
62$2,724,752$1,405,727$1,142,284$2,299,788
63$2,970,803$1,442,733$1,148,677$2,464,531
64$3,240,946$1,480,549$1,154,279$2,644,161
65$3,537,609$1,519,182$1,159,034$2,840,148
66$3,863,463$1,558,640$1,162,879$3,054,111
67$4,221,452$1,598,929$1,165,752$3,287,835
68$4,614,819$1,640,056$1,167,584$3,543,281
69$5,047,138$1,682,025$1,168,304$3,822,615
70$5,522,343$1,724,842$1,167,840$4,128,218
71$6,044,772$1,768,509$1,166,113$4,462,716
72$6,619,202$1,813,029$1,163,041$4,829,001
73$7,250,897$1,858,403$1,158,538$5,230,257
74$7,945,655$1,904,632$1,152,516$5,669,995
75$8,709,866$1,951,713$1,144,880$6,152,080
76$9,550,570$1,999,645$1,135,531$6,680,773
77$10,475,523$2,048,423$1,124,366$7,260,767
78$11,493,272$2,098,041$1,111,278$7,897,231
79$12,613,232$2,148,491$1,096,152$8,595,864
80$13,845,779$2,199,765$1,078,870$9,362,943
81$15,202,345$2,251,849$1,059,309$10,205,384
82$16,695,525$2,304,731$1,037,337$11,130,809
83$18,339,200$2,358,395$1,012,819$12,147,614
84$20,148,663$2,412,821$985,614$13,265,053
85$22,140,766$2,467,988$955,570$14,493,321
86$24,334,076$2,523,871$922,534$15,843,654
87$26,749,056$2,580,445$886,343$17,328,432
88$29,408,249$2,637,676$846,825$18,961,296
89$32,336,500$2,695,532$803,804$20,757,279
90$35,561,184$2,753,974$757,092$22,732,946
91$39,112,467$2,812,960$706,496$24,906,551
92$43,023,587$2,872,444$651,812$27,298,211
93$47,331,173$2,932,374$592,828$29,930,090
94$52,075,588$2,992,695$529,323$32,826,616
95$57,301,306$3,053,346$461,064$36,014,707
96$63,057,340$3,114,260$387,810$39,524,026
97$69,397,694$3,175,365$309,307$43,387,261
98$76,381,883$3,236,582$225,293$47,640,435
99$84,075,486$3,297,825$135,491$52,323,244
100$92,550,770$3,359,003$39,615$57,479,434