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%12%
1 years$74,404$73,741$73,094$72,463$71,847$71,245
2 years$36,834$36,148$35,483$34,838$34,213$33,606
3 years$24,312$23,623$22,960$22,321$21,706$21,113
4 years$18,052$17,365$16,709$16,081$15,481$14,907
5 years$14,297$13,615$12,967$12,352$11,768$11,215
6 years$11,795$11,117$10,479$9,878$9,312$8,779
7 years$10,008$9,336$8,708$8,121$7,573$7,062
8 years$8,669$8,003$7,385$6,813$6,283$5,792
9 years$7,628$6,968$6,361$5,803$5,291$4,822
10 years$6,795$6,142$5,546$5,002$4,508$4,060
11 years$6,114$5,468$4,882$4,353$3,877$3,449
12 years$5,548$4,908$4,333$3,818$3,360$2,952
13 years$5,068$4,435$3,871$3,371$2,930$2,542
14 years$4,658$4,031$3,478$2,993$2,568$2,199
15 years$4,302$3,683$3,140$2,669$2,261$1,911
16 years$3,992$3,379$2,847$2,390$1,999$1,666
17 years$3,718$3,112$2,591$2,147$1,772$1,457
18 years$3,475$2,875$2,365$1,935$1,576$1,278
19 years$3,258$2,665$2,165$1,748$1,404$1,123
20 years$3,062$2,476$1,987$1,583$1,254$989
21 years$2,886$2,307$1,828$1,437$1,123$872
22 years$2,726$2,153$1,685$1,307$1,006$770
23 years$2,579$2,014$1,555$1,190$903$681
24 years$2,446$1,887$1,438$1,085$812$603
25 years$2,323$1,771$1,332$991$731$534
26 years$2,210$1,664$1,236$906$658$474
27 years$2,105$1,566$1,147$830$593$421
28 years$2,008$1,476$1,067$760$535$374
29 years$1,918$1,392$993$697$483$332
30 years$1,834$1,315$925$640$437$295
31 years$1,756$1,243$862$587$395$263
32 years$1,682$1,176$804$540$357$234
33 years$1,614$1,114$751$496$323$208
34 years$1,549$1,056$702$457$293$185
35 years$1,488$1,001$656$421$265$165
36 years$1,431$950$614$387$240$147
37 years$1,377$903$574$357$218$131
38 years$1,326$858$538$329$197$117
39 years$1,278$816$504$303$179$104
40 years$1,232$776$472$280$162$93
41 years$1,188$739$443$258$147$83
42 years$1,147$704$415$238$134$74
43 years$1,108$670$390$220$121$66
44 years$1,071$639$366$203$110$59
45 years$1,035$609$344$187$100$52
46 years$1,001$581$323$173$91$47
47 years$969$555$303$160$82$42
48 years$938$530$285$148$75$37
49 years$908$506$268$137$68$33
50 years$880$483$252$126$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $901,000, adding $5,248 every year, while hoping to spend $49,911 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: 85/6/9 Blend
50$901,000$901,000$901,000$901,000
51$998,315$950,562$936,597$1,081,566
52$1,047,039$944,035$914,868$1,130,195
53$1,099,059$935,515$890,738$1,176,297
54$1,154,660$924,852$864,075$1,225,387
55$1,214,152$911,887$834,738$1,277,733
56$1,277,876$896,450$802,583$1,333,632
57$1,346,207$878,363$767,457$1,393,407
58$1,419,554$857,437$729,200$1,457,417
59$1,498,367$833,470$687,648$1,526,054
60$1,583,141$806,251$642,624$1,599,754
61$1,674,418$775,554$593,949$1,678,992
62$1,772,794$741,141$541,431$1,764,295
63$1,878,923$702,761$484,873$1,856,241
64$1,993,525$660,148$424,068$1,955,468
65$2,117,389$613,019$358,798$2,062,679
66$2,251,383$561,078$288,839$2,178,647
67$2,396,462$504,009$213,953$2,304,225
68$2,553,676$441,481$133,896$2,440,352
69$2,724,178$373,140$48,408$2,588,062
70$2,909,238$298,617$0$2,748,498
71$3,110,249$217,519$0$2,927,027
72$3,328,749$129,431$0$3,126,150
73$3,566,425$33,917$0$3,342,768
74$3,825,135$0$0$3,578,593
75$4,106,924$0$0$3,840,096
76$4,414,042$0$0$4,127,557
77$4,748,965$0$0$4,441,056
78$5,114,418$0$0$4,783,146
79$5,513,400$0$0$5,156,635
80$5,949,213$0$0$5,564,617
81$6,425,493$0$0$6,010,496
82$6,946,242$0$0$6,498,021
83$7,515,865$0$0$7,031,319
84$8,139,215$0$0$7,614,934
85$8,821,634$0$0$8,253,870
86$9,569,004$0$0$8,953,637
87$10,387,805$0$0$9,720,304
88$11,285,170$0$0$10,560,552
89$12,268,957$0$0$11,481,742
90$13,347,820$0$0$12,491,980
91$14,531,292$0$0$13,600,193
92$15,829,871$0$0$14,816,217
93$17,255,120$0$0$16,150,882
94$18,819,779$0$0$17,616,121
95$20,537,880$0$0$19,225,076
96$22,424,879$0$0$20,992,226
97$24,497,804$0$0$22,933,521
98$26,775,413$0$0$25,066,530
99$29,278,372$0$0$27,410,611
100$32,029,447$0$0$29,987,087