Can I retire at age 51 with 902,000?

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 $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%18.7%
1 years$74,486$73,823$73,176$72,544$71,927$69,402
2 years$36,874$36,188$35,522$34,877$34,251$31,734
3 years$24,339$23,649$22,985$22,346$21,730$19,300
4 years$18,072$17,385$16,727$16,099$15,498$13,173
5 years$14,313$13,630$12,981$12,366$11,781$9,568
6 years$11,808$11,130$10,491$9,889$9,322$7,222
7 years$10,019$9,347$8,718$8,130$7,581$5,594
8 years$8,678$8,012$7,393$6,820$6,290$4,413
9 years$7,636$6,976$6,368$5,809$5,297$3,529
10 years$6,803$6,149$5,552$5,008$4,513$2,851
11 years$6,121$5,474$4,888$4,358$3,881$2,321
12 years$5,554$4,913$4,338$3,823$3,364$1,902
13 years$5,074$4,440$3,875$3,375$2,933$1,566
14 years$4,663$4,036$3,482$2,996$2,571$1,295
15 years$4,307$3,687$3,144$2,672$2,264$1,074
16 years$3,996$3,383$2,850$2,392$2,001$893
17 years$3,722$3,115$2,594$2,149$1,774$744
18 years$3,479$2,879$2,368$1,937$1,577$621
19 years$3,261$2,668$2,168$1,750$1,406$520
20 years$3,066$2,479$1,989$1,585$1,256$435
21 years$2,889$2,309$1,830$1,439$1,124$365
22 years$2,729$2,156$1,686$1,308$1,007$306
23 years$2,582$2,016$1,557$1,191$904$257
24 years$2,448$1,889$1,440$1,087$813$216
25 years$2,325$1,773$1,334$992$731$181
26 years$2,212$1,666$1,237$907$659$152
27 years$2,107$1,568$1,149$830$594$128
28 years$2,010$1,477$1,068$761$536$108
29 years$1,920$1,394$994$698$484$91
30 years$1,836$1,316$926$640$437$76
31 years$1,758$1,244$863$588$395$64
32 years$1,684$1,177$805$541$358$54
33 years$1,615$1,115$752$497$324$45
34 years$1,551$1,057$702$457$293$38
35 years$1,490$1,002$657$421$265$32
36 years$1,433$951$614$388$240$27
37 years$1,379$904$575$357$218$23
38 years$1,327$859$538$329$198$19
39 years$1,279$817$504$304$179$16
40 years$1,233$777$473$280$163$14
41 years$1,190$740$443$258$147$12
42 years$1,148$704$416$238$134$10
43 years$1,109$671$390$220$121$8
44 years$1,072$640$366$203$110$7
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$4
48 years$939$530$285$148$75$3
49 years$909$506$268$137$68$3
50 years$881$484$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 $902,000, adding $3,860 every year, while hoping to spend $21,763 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: 81/13/6 Blend
50$902,000$902,000$902,000$902,000
51$997,986$950,180$936,199$1,078,089
52$1,076,624$973,583$944,406$1,154,454
53$1,162,555$997,403$952,158$1,234,953
54$1,256,498$1,021,639$959,418$1,322,632
55$1,359,248$1,046,285$966,145$1,418,197
56$1,471,677$1,071,339$972,297$1,522,424
57$1,594,748$1,096,795$977,829$1,636,170
58$1,729,521$1,122,646$982,695$1,760,375
59$1,877,162$1,148,886$986,845$1,896,078
60$2,038,956$1,175,505$990,228$2,044,421
61$2,216,318$1,202,494$992,789$2,206,662
62$2,410,807$1,229,840$994,472$2,384,189
63$2,624,139$1,257,532$995,217$2,578,526
64$2,858,206$1,285,555$994,961$2,791,357
65$3,115,088$1,313,893$993,637$3,024,535
66$3,397,081$1,342,528$991,178$3,280,099
67$3,706,712$1,371,440$987,511$3,560,299
68$4,046,763$1,400,607$982,559$3,867,612
69$4,420,301$1,430,006$976,243$4,204,766
70$4,830,705$1,459,609$968,480$4,574,768
71$5,281,695$1,489,388$959,182$4,980,932
72$5,777,371$1,519,311$948,258$5,426,905
73$6,322,249$1,549,344$935,612$5,916,709
74$6,921,307$1,579,450$921,143$6,454,775
75$7,580,025$1,609,588$904,746$7,045,985
76$8,304,444$1,639,714$886,311$7,695,716
77$9,101,218$1,669,780$865,723$8,409,896
78$9,977,679$1,699,737$842,862$9,195,054
79$10,941,906$1,729,527$817,601$10,058,387
80$12,002,798$1,759,092$789,809$11,007,823
81$13,170,164$1,788,368$759,348$12,052,098
82$14,454,807$1,817,285$726,073$13,200,840
83$15,868,635$1,845,769$689,834$14,464,656
84$17,424,766$1,873,742$650,473$15,855,237
85$19,137,654$1,901,117$607,826$17,385,463
86$21,023,227$1,927,804$561,720$19,069,528
87$23,099,035$1,953,705$511,977$20,923,074
88$25,384,415$1,978,715$458,407$22,963,335
89$27,900,676$2,002,723$400,814$25,209,306
90$30,671,298$2,025,610$338,995$27,681,915
91$33,722,154$2,047,248$272,734$30,404,228
92$37,081,751$2,067,501$201,809$33,401,658
93$40,781,506$2,086,225$125,985$36,702,214
94$44,856,034$2,103,264$45,020$40,336,759
95$49,343,481$2,118,455$0$44,339,305
96$54,285,880$2,131,623$0$48,749,979
97$59,729,548$2,142,581$0$53,610,683
98$65,725,525$2,151,131$0$58,964,064
99$72,330,054$2,157,062$0$64,860,295
100$79,605,112$2,160,150$0$71,354,669