Can I retire at age 51 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$74,404$73,741$73,094$72,463$71,847$71,514
2 years$36,834$36,148$35,483$34,838$34,213$33,877
3 years$24,312$23,623$22,960$22,321$21,706$21,377
4 years$18,052$17,365$16,709$16,081$15,481$15,162
5 years$14,297$13,615$12,967$12,352$11,768$11,460
6 years$11,795$11,117$10,479$9,878$9,312$9,015
7 years$10,008$9,336$8,708$8,121$7,573$7,287
8 years$8,669$8,003$7,385$6,813$6,283$6,008
9 years$7,628$6,968$6,361$5,803$5,291$5,028
10 years$6,795$6,142$5,546$5,002$4,508$4,256
11 years$6,114$5,468$4,882$4,353$3,877$3,636
12 years$5,548$4,908$4,333$3,818$3,360$3,130
13 years$5,068$4,435$3,871$3,371$2,930$2,710
14 years$4,658$4,031$3,478$2,993$2,568$2,359
15 years$4,302$3,683$3,140$2,669$2,261$2,062
16 years$3,992$3,379$2,847$2,390$1,999$1,809
17 years$3,718$3,112$2,591$2,147$1,772$1,592
18 years$3,475$2,875$2,365$1,935$1,576$1,405
19 years$3,258$2,665$2,165$1,748$1,404$1,243
20 years$3,062$2,476$1,987$1,583$1,254$1,101
21 years$2,886$2,307$1,828$1,437$1,123$978
22 years$2,726$2,153$1,685$1,307$1,006$869
23 years$2,579$2,014$1,555$1,190$903$774
24 years$2,446$1,887$1,438$1,085$812$690
25 years$2,323$1,771$1,332$991$731$616
26 years$2,210$1,664$1,236$906$658$550
27 years$2,105$1,566$1,147$830$593$492
28 years$2,008$1,476$1,067$760$535$440
29 years$1,918$1,392$993$697$483$394
30 years$1,834$1,315$925$640$437$353
31 years$1,756$1,243$862$587$395$316
32 years$1,682$1,176$804$540$357$283
33 years$1,614$1,114$751$496$323$254
34 years$1,549$1,056$702$457$293$228
35 years$1,488$1,001$656$421$265$205
36 years$1,431$950$614$387$240$184
37 years$1,377$903$574$357$218$165
38 years$1,326$858$538$329$197$148
39 years$1,278$816$504$303$179$133
40 years$1,232$776$472$280$162$120
41 years$1,188$739$443$258$147$107
42 years$1,147$704$415$238$134$97
43 years$1,108$670$390$220$121$87
44 years$1,071$639$366$203$110$78
45 years$1,035$609$344$187$100$70
46 years$1,001$581$323$173$91$63
47 years$969$555$303$160$82$57
48 years$938$530$285$148$75$51
49 years$908$506$268$137$68$46
50 years$880$483$252$126$62$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $901,000, adding $5,186 every year, while hoping to spend $54,864 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: 70/5/25 Blend
50$901,000$901,000$901,000$901,000
51$998,251$950,498$936,533$1,061,442
52$1,041,698$938,698$909,532$1,092,601
53$1,087,738$924,480$879,787$1,119,836
54$1,136,576$907,670$847,150$1,148,352
55$1,188,440$888,078$811,463$1,178,272
56$1,243,576$865,509$772,562$1,209,735
57$1,302,254$839,753$730,276$1,242,894
58$1,364,770$810,587$684,426$1,277,919
59$1,431,448$777,776$634,825$1,315,000
60$1,502,642$741,074$581,279$1,354,347
61$1,578,742$700,217$523,581$1,396,194
62$1,660,173$654,926$461,520$1,440,799
63$1,747,402$604,909$394,873$1,488,450
64$1,840,942$549,855$323,406$1,539,467
65$1,941,356$489,435$246,878$1,594,203
66$2,049,259$423,303$165,034$1,653,051
67$2,165,330$351,092$77,609$1,716,446
68$2,290,313$272,414$0$1,784,870
69$2,425,023$186,861$0$1,863,042
70$2,570,359$94,000$0$1,969,735
71$2,727,305$0$0$2,084,959
72$2,896,945$0$0$2,209,890
73$3,080,469$0$0$2,350,679
74$3,279,185$0$0$2,503,162
75$3,494,533$0$0$2,668,450
76$3,728,094$0$0$2,847,761
77$3,981,607$0$0$3,042,436
78$4,256,985$0$0$3,253,950
79$4,556,334$0$0$3,483,926
80$4,881,968$0$0$3,734,149
81$5,236,435$0$0$4,006,583
82$5,622,537$0$0$4,303,389
83$6,043,360$0$0$4,626,946
84$6,502,296$0$0$4,979,870
85$7,003,084$0$0$5,365,044
86$7,549,835$0$0$5,785,638
87$8,147,076$0$0$6,245,143
88$8,799,792$0$0$6,747,403
89$9,513,468$0$0$7,296,649
90$10,294,146$0$0$7,897,540
91$11,148,478$0$0$8,555,206
92$12,083,789$0$0$9,275,295
93$13,108,143$0$0$10,064,029
94$14,230,423$0$0$10,928,257
95$15,460,412$0$0$11,875,523
96$16,808,881$0$0$12,914,137
97$18,287,697$0$0$14,053,251
98$19,909,928$0$0$15,302,942
99$21,689,968$0$0$16,674,315
100$23,643,673$0$0$18,179,597