Can I retire at age 51 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$74,321$73,659$73,013$72,383$71,767$70,347
2 years$36,793$36,107$35,443$34,799$34,175$32,750
3 years$24,285$23,597$22,934$22,296$21,682$20,297
4 years$18,032$17,346$16,690$16,063$15,464$14,129
5 years$14,281$13,599$12,952$12,338$11,755$10,475
6 years$11,782$11,105$10,467$9,867$9,302$8,077
7 years$9,997$9,326$8,698$8,112$7,565$6,396
8 years$8,659$7,994$7,377$6,805$6,276$5,163
9 years$7,619$6,960$6,354$5,796$5,285$4,227
10 years$6,787$6,135$5,539$4,997$4,503$3,499
11 years$6,108$5,462$4,877$4,348$3,873$2,921
12 years$5,541$4,902$4,328$3,814$3,356$2,456
13 years$5,063$4,430$3,867$3,367$2,927$2,076
14 years$4,653$4,027$3,474$2,989$2,565$1,763
15 years$4,298$3,679$3,137$2,666$2,259$1,503
16 years$3,987$3,375$2,844$2,387$1,996$1,285
17 years$3,714$3,108$2,588$2,145$1,770$1,102
18 years$3,471$2,872$2,362$1,933$1,574$947
19 years$3,254$2,662$2,163$1,746$1,403$815
20 years$3,059$2,474$1,985$1,582$1,253$703
21 years$2,883$2,304$1,826$1,436$1,121$607
22 years$2,722$2,151$1,683$1,305$1,005$525
23 years$2,577$2,012$1,554$1,189$902$454
24 years$2,443$1,885$1,437$1,084$811$394
25 years$2,320$1,769$1,331$990$730$341
26 years$2,207$1,662$1,234$905$657$296
27 years$2,103$1,564$1,146$829$593$257
28 years$2,006$1,474$1,065$759$535$223
29 years$1,916$1,391$991$696$483$194
30 years$1,832$1,313$924$639$436$168
31 years$1,754$1,242$861$587$394$146
32 years$1,680$1,175$803$539$357$127
33 years$1,612$1,113$750$496$323$111
34 years$1,547$1,054$701$456$292$96
35 years$1,487$1,000$655$420$265$84
36 years$1,429$949$613$387$240$73
37 years$1,375$902$574$356$217$63
38 years$1,324$857$537$329$197$55
39 years$1,276$815$503$303$179$48
40 years$1,230$775$472$279$162$42
41 years$1,187$738$442$258$147$36
42 years$1,146$703$415$238$133$32
43 years$1,107$670$389$220$121$28
44 years$1,069$638$366$203$110$24
45 years$1,034$609$343$187$100$21
46 years$1,000$581$322$173$91$18
47 years$968$554$303$160$82$16
48 years$937$529$285$148$75$14
49 years$907$505$267$136$68$12
50 years$879$482$251$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $900,000, adding $6,462 every year, while hoping to spend $49,036 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: 25/45/30 Blend
50$900,000$900,000$900,000$900,000
51$998,466$950,766$936,816$1,013,962
52$1,048,135$945,179$916,025$1,021,952
53$1,101,227$937,676$892,894$1,025,960
54$1,158,040$928,109$867,294$1,029,256
55$1,218,899$916,325$839,087$1,031,815
56$1,284,161$902,160$808,131$1,033,614
57$1,354,220$885,440$774,278$1,034,634
58$1,429,506$865,982$737,371$1,034,858
59$1,510,491$843,591$697,249$1,034,273
60$1,597,695$818,060$653,741$1,032,874
61$1,691,688$789,173$606,668$1,030,659
62$1,793,094$756,697$555,847$1,027,635
63$1,902,604$720,389$501,081$1,023,814
64$2,020,971$679,990$442,169$1,019,222
65$2,149,028$635,227$378,899$1,013,891
66$2,287,687$585,811$311,051$1,007,870
67$2,437,952$531,437$238,392$1,001,219
68$2,600,927$471,781$160,682$994,015
69$2,777,826$406,503$77,669$986,353
70$2,969,984$335,241$0$978,351
71$3,178,870$257,616$0$973,643
72$3,406,100$173,224$0$995,660
73$3,653,451$81,641$0$1,019,802
74$3,922,880$0$0$1,046,396
75$4,216,539$0$0$1,084,516
76$4,536,798$0$0$1,170,317
77$4,886,263$0$0$1,264,088
78$5,267,805$0$0$1,366,618
79$5,684,584$0$0$1,478,773
80$6,140,077$0$0$1,601,511
81$6,638,113$0$0$1,735,882
82$7,182,910$0$0$1,883,047
83$7,779,108$0$0$2,044,280
84$8,431,821$0$0$2,220,988
85$9,146,676$0$0$2,414,719
86$9,929,873$0$0$2,627,176
87$10,788,239$0$0$2,860,238
88$11,729,291$0$0$3,115,972
89$12,761,312$0$0$3,396,657
90$13,893,421$0$0$3,704,802
91$15,135,664$0$0$4,043,171
92$16,499,108$0$0$4,414,809
93$17,995,940$0$0$4,823,069
94$19,639,588$0$0$5,271,647
95$21,444,842$0$0$5,764,614
96$23,427,995$0$0$6,306,455
97$25,606,997$0$0$6,902,109
98$28,001,621$0$0$7,557,021
99$30,633,653$0$0$8,277,186
100$33,527,091$0$0$9,069,213