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%20%
1 years$74,404$73,741$73,094$72,463$71,847$68,969
2 years$36,834$36,148$35,483$34,838$34,213$31,350
3 years$24,312$23,623$22,960$22,321$21,706$18,948
4 years$18,052$17,365$16,709$16,081$15,481$12,848
5 years$14,297$13,615$12,967$12,352$11,768$9,268
6 years$11,795$11,117$10,479$9,878$9,312$6,946
7 years$10,008$9,336$8,708$8,121$7,573$5,340
8 years$8,669$8,003$7,385$6,813$6,283$4,180
9 years$7,628$6,968$6,361$5,803$5,291$3,316
10 years$6,795$6,142$5,546$5,002$4,508$2,657
11 years$6,114$5,468$4,882$4,353$3,877$2,145
12 years$5,548$4,908$4,333$3,818$3,360$1,743
13 years$5,068$4,435$3,871$3,371$2,930$1,422
14 years$4,658$4,031$3,478$2,993$2,568$1,165
15 years$4,302$3,683$3,140$2,669$2,261$957
16 years$3,992$3,379$2,847$2,390$1,999$789
17 years$3,718$3,112$2,591$2,147$1,772$651
18 years$3,475$2,875$2,365$1,935$1,576$538
19 years$3,258$2,665$2,165$1,748$1,404$446
20 years$3,062$2,476$1,987$1,583$1,254$369
21 years$2,886$2,307$1,828$1,437$1,123$306
22 years$2,726$2,153$1,685$1,307$1,006$254
23 years$2,579$2,014$1,555$1,190$903$211
24 years$2,446$1,887$1,438$1,085$812$176
25 years$2,323$1,771$1,332$991$731$146
26 years$2,210$1,664$1,236$906$658$122
27 years$2,105$1,566$1,147$830$593$101
28 years$2,008$1,476$1,067$760$535$84
29 years$1,918$1,392$993$697$483$70
30 years$1,834$1,315$925$640$437$58
31 years$1,756$1,243$862$587$395$49
32 years$1,682$1,176$804$540$357$40
33 years$1,614$1,114$751$496$323$34
34 years$1,549$1,056$702$457$293$28
35 years$1,488$1,001$656$421$265$23
36 years$1,431$950$614$387$240$19
37 years$1,377$903$574$357$218$16
38 years$1,326$858$538$329$197$14
39 years$1,278$816$504$303$179$11
40 years$1,232$776$472$280$162$9
41 years$1,188$739$443$258$147$8
42 years$1,147$704$415$238$134$7
43 years$1,108$670$390$220$121$5
44 years$1,071$639$366$203$110$5
45 years$1,035$609$344$187$100$4
46 years$1,001$581$323$173$91$3
47 years$969$555$303$160$82$3
48 years$938$530$285$148$75$2
49 years$908$506$268$137$68$2
50 years$880$483$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $901,000, adding $6,312 every year, while hoping to spend $49,596 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: 71/22/7 Blend
50$901,000$901,000$901,000$901,000
51$999,413$951,660$937,694$1,068,865
52$1,048,583$945,521$916,337$1,109,446
53$1,101,107$937,420$892,603$1,147,097
54$1,157,273$927,207$866,358$1,186,934
55$1,217,400$914,725$837,466$1,229,159
56$1,281,835$899,807$805,782$1,273,995
57$1,350,960$882,276$771,154$1,321,691
58$1,425,196$861,945$733,425$1,372,519
59$1,505,001$838,616$692,430$1,426,781
60$1,590,882$812,078$647,997$1,484,814
61$1,683,391$782,109$599,944$1,546,985
62$1,783,139$748,475$548,085$1,613,704
63$1,890,795$710,926$492,221$1,685,423
64$2,007,094$669,199$432,148$1,762,641
65$2,132,843$623,015$367,651$1,845,912
66$2,268,931$572,081$298,505$1,935,846
67$2,416,334$516,085$224,477$2,033,119
68$2,576,126$454,699$145,322$2,138,476
69$2,749,486$387,574$60,786$2,252,743
70$2,937,712$314,344$0$2,376,831
71$3,142,232$234,620$0$2,513,947
72$3,364,617$147,994$0$2,667,993
73$3,606,594$54,032$0$2,835,677
74$3,870,065$0$0$3,018,381
75$4,157,121$0$0$3,229,183
76$4,470,065$0$0$3,473,299
77$4,811,430$0$0$3,739,628
78$5,184,004$0$0$4,030,353
79$5,590,858$0$0$4,347,873
80$6,035,371$0$0$4,694,834
81$6,521,264$0$0$5,074,143
82$7,052,631$0$0$5,489,007
83$7,633,982$0$0$5,942,951
84$8,270,284$0$0$6,439,860
85$8,967,005$0$0$6,984,013
86$9,730,165$0$0$7,580,118
87$10,566,396$0$0$8,233,364
88$11,483,001$0$0$8,949,463
89$12,488,023$0$0$9,734,707
90$13,590,320$0$0$10,596,027
91$14,799,650$0$0$11,541,056
92$16,126,760$0$0$12,578,201
93$17,583,488$0$0$13,716,723
94$19,182,873$0$0$14,966,825
95$20,939,281$0$0$16,339,743
96$22,868,535$0$0$17,847,857
97$24,988,066$0$0$19,504,805
98$27,317,078$0$0$21,325,611
99$29,876,727$0$0$23,326,825
100$32,690,319$0$0$25,526,681