Can I retire at age 51 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$74,321$73,659$73,013$72,383$71,767$70,607
2 years$36,793$36,107$35,443$34,799$34,175$33,010
3 years$24,285$23,597$22,934$22,296$21,682$20,547
4 years$18,032$17,346$16,690$16,063$15,464$14,369
5 years$14,281$13,599$12,952$12,338$11,755$10,703
6 years$11,782$11,105$10,467$9,867$9,302$8,293
7 years$9,997$9,326$8,698$8,112$7,565$6,600
8 years$8,659$7,994$7,377$6,805$6,276$5,355
9 years$7,619$6,960$6,354$5,796$5,285$4,408
10 years$6,787$6,135$5,539$4,997$4,503$3,669
11 years$6,108$5,462$4,877$4,348$3,873$3,081
12 years$5,541$4,902$4,328$3,814$3,356$2,605
13 years$5,063$4,430$3,867$3,367$2,927$2,215
14 years$4,653$4,027$3,474$2,989$2,565$1,893
15 years$4,298$3,679$3,137$2,666$2,259$1,624
16 years$3,987$3,375$2,844$2,387$1,996$1,397
17 years$3,714$3,108$2,588$2,145$1,770$1,206
18 years$3,471$2,872$2,362$1,933$1,574$1,043
19 years$3,254$2,662$2,163$1,746$1,403$904
20 years$3,059$2,474$1,985$1,582$1,253$785
21 years$2,883$2,304$1,826$1,436$1,121$682
22 years$2,722$2,151$1,683$1,305$1,005$594
23 years$2,577$2,012$1,554$1,189$902$518
24 years$2,443$1,885$1,437$1,084$811$452
25 years$2,320$1,769$1,331$990$730$394
26 years$2,207$1,662$1,234$905$657$345
27 years$2,103$1,564$1,146$829$593$301
28 years$2,006$1,474$1,065$759$535$263
29 years$1,916$1,391$991$696$483$231
30 years$1,832$1,313$924$639$436$202
31 years$1,754$1,242$861$587$394$177
32 years$1,680$1,175$803$539$357$155
33 years$1,612$1,113$750$496$323$136
34 years$1,547$1,054$701$456$292$119
35 years$1,487$1,000$655$420$265$104
36 years$1,429$949$613$387$240$91
37 years$1,375$902$574$356$217$80
38 years$1,324$857$537$329$197$70
39 years$1,276$815$503$303$179$62
40 years$1,230$775$472$279$162$54
41 years$1,187$738$442$258$147$47
42 years$1,146$703$415$238$133$42
43 years$1,107$670$389$220$121$37
44 years$1,069$638$366$203$110$32
45 years$1,034$609$343$187$100$28
46 years$1,000$581$322$173$91$25
47 years$968$554$303$160$82$22
48 years$937$529$285$148$75$19
49 years$907$505$267$136$68$17
50 years$879$482$251$126$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $900,000, adding $6,954 every year, while hoping to spend $41,478 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: 42/41/17 Blend
50$900,000$900,000$900,000$900,000
51$998,973$951,273$937,323$1,035,688
52$1,056,736$953,753$924,591$1,064,774
53$1,119,001$954,965$910,042$1,091,653
54$1,186,182$954,802$893,572$1,119,882
55$1,258,737$953,151$875,072$1,149,604
56$1,337,167$949,894$854,425$1,180,981
57$1,422,023$944,904$831,514$1,214,193
58$1,513,911$938,046$806,211$1,249,438
59$1,613,498$929,178$778,386$1,286,943
60$1,721,514$918,147$747,902$1,326,956
61$1,838,767$904,795$714,615$1,369,756
62$1,966,142$888,950$678,375$1,415,654
63$2,104,613$870,433$639,025$1,464,997
64$2,255,253$849,054$596,402$1,518,170
65$2,419,241$824,610$550,334$1,575,602
66$2,597,876$796,888$500,642$1,637,770
67$2,792,585$765,662$447,140$1,705,206
68$3,004,941$730,692$389,631$1,778,501
69$3,236,674$691,724$327,913$1,858,310
70$3,489,689$648,493$261,772$1,945,363
71$3,766,081$600,713$190,986$2,040,468
72$4,068,160$548,086$115,322$2,144,526
73$4,398,465$490,296$34,538$2,258,534
74$4,759,796$427,007$0$2,383,598
75$5,155,231$357,867$0$2,530,319
76$5,588,165$282,502$0$2,697,981
77$6,062,331$200,518$0$2,881,870
78$6,581,843$111,498$0$3,083,711
79$7,151,232$15,002$0$3,305,412
80$7,775,487$0$0$3,549,081
81$8,460,103$0$0$3,857,401
82$9,211,133$0$0$4,203,172
83$10,035,243$0$0$4,582,710
84$10,939,776$0$0$4,999,411
85$11,932,821$0$0$5,457,017
86$13,023,288$0$0$5,959,651
87$14,220,992$0$0$6,511,853
88$15,536,746$0$0$7,118,625
89$16,982,461$0$0$7,785,479
90$18,571,260$0$0$8,518,486
91$20,317,598$0$0$9,324,335
92$22,237,404$0$0$10,210,395
93$24,348,222$0$0$11,184,784
94$26,669,387$0$0$12,256,449
95$29,222,196$0$0$13,435,244
96$32,030,116$0$0$14,732,028
97$35,119,002$0$0$16,158,765
98$38,517,342$0$0$17,728,638
99$42,256,524$0$0$19,456,170
100$46,371,129$0$0$21,357,367