Can I retire at age 51 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$74,486$73,823$73,176$72,544$71,927$69,485
2 years$36,874$36,188$35,522$34,877$34,251$31,816
3 years$24,339$23,649$22,985$22,346$21,730$19,378
4 years$18,072$17,385$16,727$16,099$15,498$13,246
5 years$14,313$13,630$12,981$12,366$11,781$9,636
6 years$11,808$11,130$10,491$9,889$9,322$7,285
7 years$10,019$9,347$8,718$8,130$7,581$5,653
8 years$8,678$8,012$7,393$6,820$6,290$4,467
9 years$7,636$6,976$6,368$5,809$5,297$3,579
10 years$6,803$6,149$5,552$5,008$4,513$2,897
11 years$6,121$5,474$4,888$4,358$3,881$2,363
12 years$5,554$4,913$4,338$3,823$3,364$1,940
13 years$5,074$4,440$3,875$3,375$2,933$1,601
14 years$4,663$4,036$3,482$2,996$2,571$1,326
15 years$4,307$3,687$3,144$2,672$2,264$1,102
16 years$3,996$3,383$2,850$2,392$2,001$919
17 years$3,722$3,115$2,594$2,149$1,774$767
18 years$3,479$2,879$2,368$1,937$1,577$642
19 years$3,261$2,668$2,168$1,750$1,406$538
20 years$3,066$2,479$1,989$1,585$1,256$452
21 years$2,889$2,309$1,830$1,439$1,124$379
22 years$2,729$2,156$1,686$1,308$1,007$319
23 years$2,582$2,016$1,557$1,191$904$268
24 years$2,448$1,889$1,440$1,087$813$226
25 years$2,325$1,773$1,334$992$731$190
26 years$2,212$1,666$1,237$907$659$160
27 years$2,107$1,568$1,149$830$594$135
28 years$2,010$1,477$1,068$761$536$114
29 years$1,920$1,394$994$698$484$96
30 years$1,836$1,316$926$640$437$81
31 years$1,758$1,244$863$588$395$68
32 years$1,684$1,177$805$541$358$58
33 years$1,615$1,115$752$497$324$49
34 years$1,551$1,057$702$457$293$41
35 years$1,490$1,002$657$421$265$35
36 years$1,433$951$614$388$240$29
37 years$1,379$904$575$357$218$25
38 years$1,327$859$538$329$198$21
39 years$1,279$817$504$304$179$18
40 years$1,233$777$473$280$163$15
41 years$1,190$740$443$258$147$13
42 years$1,148$704$416$238$134$11
43 years$1,109$671$390$220$121$9
44 years$1,072$640$366$203$110$8
45 years$1,036$610$344$188$100$6
46 years$1,002$582$323$173$91$5
47 years$970$555$304$160$82$5
48 years$939$530$285$148$75$4
49 years$909$506$268$137$68$3
50 years$881$484$252$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $902,000, adding $3,799 every year, while hoping to spend $51,369 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: 63/15/22 Blend
50$902,000$902,000$902,000$902,000
51$997,923$950,117$936,136$1,054,858
52$1,045,055$942,016$912,840$1,085,635
53$1,095,272$931,797$887,042$1,113,161
54$1,148,836$919,301$858,604$1,142,057
55$1,206,032$904,361$827,382$1,172,460
56$1,267,172$886,800$793,224$1,204,527
57$1,332,599$866,429$755,973$1,238,429
58$1,402,690$843,049$715,463$1,274,360
59$1,477,855$816,450$671,523$1,312,532
60$1,558,549$786,409$623,971$1,353,184
61$1,645,267$752,688$572,620$1,396,582
62$1,738,554$715,040$517,273$1,443,019
63$1,839,009$673,199$457,723$1,492,822
64$1,947,288$626,886$393,758$1,546,357
65$2,064,114$575,806$325,151$1,604,025
66$2,190,280$519,647$251,670$1,666,276
67$2,326,656$458,078$173,069$1,733,607
68$2,474,202$390,750$89,093$1,806,572
69$2,633,970$317,296$0$1,885,781
70$2,807,116$237,325$0$1,972,038
71$2,994,915$150,427$0$2,088,299
72$3,198,766$56,168$0$2,214,532
73$3,420,208$0$0$2,351,734
74$3,660,935$0$0$2,508,580
75$3,922,810$0$0$2,689,348
76$4,207,883$0$0$2,886,188
77$4,518,409$0$0$3,100,666
78$4,856,871$0$0$3,334,503
79$5,225,999$0$0$3,589,596
80$5,628,801$0$0$3,868,029
81$6,068,585$0$0$4,172,099
82$6,548,996$0$0$4,504,335
83$7,074,043$0$0$4,867,520
84$7,648,142$0$0$5,264,717
85$8,276,154$0$0$5,699,300
86$8,963,433$0$0$6,174,985
87$9,715,872$0$0$6,695,863
88$10,539,961$0$0$7,266,437
89$11,442,850$0$0$7,891,669
90$12,432,410$0$0$8,577,022
91$13,517,309$0$0$9,328,514
92$14,707,098$0$0$10,152,772
93$16,012,292$0$0$11,057,096
94$17,444,476$0$0$12,049,527
95$19,016,409$0$0$13,138,920
96$20,742,146$0$0$14,335,033
97$22,637,168$0$0$15,648,611
98$24,718,532$0$0$17,091,494
99$27,005,025$0$0$18,676,722
100$29,517,344$0$0$20,418,663