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%13.6%
1 years$74,486$73,823$73,176$72,544$71,927$70,852
2 years$36,874$36,188$35,522$34,877$34,251$33,170
3 years$24,339$23,649$22,985$22,346$21,730$20,678
4 years$18,072$17,385$16,727$16,099$15,498$14,482
5 years$14,313$13,630$12,981$12,366$11,781$10,804
6 years$11,808$11,130$10,491$9,889$9,322$8,385
7 years$10,019$9,347$8,718$8,130$7,581$6,685
8 years$8,678$8,012$7,393$6,820$6,290$5,433
9 years$7,636$6,976$6,368$5,809$5,297$4,480
10 years$6,803$6,149$5,552$5,008$4,513$3,736
11 years$6,121$5,474$4,888$4,358$3,881$3,143
12 years$5,554$4,913$4,338$3,823$3,364$2,663
13 years$5,074$4,440$3,875$3,375$2,933$2,269
14 years$4,663$4,036$3,482$2,996$2,571$1,942
15 years$4,307$3,687$3,144$2,672$2,264$1,670
16 years$3,996$3,383$2,850$2,392$2,001$1,440
17 years$3,722$3,115$2,594$2,149$1,774$1,245
18 years$3,479$2,879$2,368$1,937$1,577$1,079
19 years$3,261$2,668$2,168$1,750$1,406$938
20 years$3,066$2,479$1,989$1,585$1,256$816
21 years$2,889$2,309$1,830$1,439$1,124$711
22 years$2,729$2,156$1,686$1,308$1,007$620
23 years$2,582$2,016$1,557$1,191$904$542
24 years$2,448$1,889$1,440$1,087$813$474
25 years$2,325$1,773$1,334$992$731$415
26 years$2,212$1,666$1,237$907$659$363
27 years$2,107$1,568$1,149$830$594$318
28 years$2,010$1,477$1,068$761$536$279
29 years$1,920$1,394$994$698$484$245
30 years$1,836$1,316$926$640$437$215
31 years$1,758$1,244$863$588$395$189
32 years$1,684$1,177$805$541$358$166
33 years$1,615$1,115$752$497$324$146
34 years$1,551$1,057$702$457$293$128
35 years$1,490$1,002$657$421$265$112
36 years$1,433$951$614$388$240$99
37 years$1,379$904$575$357$218$87
38 years$1,327$859$538$329$198$76
39 years$1,279$817$504$304$179$67
40 years$1,233$777$473$280$163$59
41 years$1,190$740$443$258$147$52
42 years$1,148$704$416$238$134$46
43 years$1,109$671$390$220$121$40
44 years$1,072$640$366$203$110$35
45 years$1,036$610$344$188$100$31
46 years$1,002$582$323$173$91$27
47 years$970$555$304$160$82$24
48 years$939$530$285$148$75$21
49 years$909$506$268$137$68$19
50 years$881$484$252$126$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $902,000, adding $6,311 every year, while hoping to spend $31,405 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: 40/44/16 Blend
50$902,000$902,000$902,000$902,000
51$1,000,514$952,708$938,727$1,035,545
52$1,069,152$965,976$936,759$1,074,303
53$1,143,738$978,841$933,674$1,112,680
54$1,224,846$991,252$929,399$1,153,527
55$1,313,107$1,003,150$923,861$1,197,085
56$1,409,216$1,014,476$916,982$1,243,618
57$1,513,937$1,025,166$908,681$1,293,421
58$1,628,110$1,035,150$898,873$1,346,818
59$1,752,660$1,044,356$887,469$1,404,169
60$1,888,607$1,052,705$874,375$1,465,871
61$2,037,072$1,060,114$859,493$1,532,365
62$2,199,288$1,066,495$842,721$1,604,136
63$2,376,615$1,071,753$823,952$1,681,722
64$2,570,550$1,075,789$803,074$1,765,719
65$2,782,738$1,078,495$779,969$1,856,783
66$3,014,994$1,079,758$754,515$1,955,642
67$3,269,316$1,079,458$726,584$2,063,100
68$3,547,902$1,077,468$696,040$2,180,045
69$3,853,175$1,073,651$662,745$2,307,459
70$4,187,803$1,067,864$626,551$2,446,428
71$4,554,723$1,059,954$587,305$2,598,150
72$4,957,172$1,049,758$544,847$2,763,951
73$5,398,714$1,037,106$499,009$2,945,296
74$5,883,274$1,021,816$449,617$3,143,802
75$6,415,176$1,003,693$396,487$3,361,255
76$6,999,185$982,535$339,430$3,599,631
77$7,640,546$958,124$278,246$3,861,109
78$8,345,041$930,231$212,727$4,148,096
79$9,119,038$898,615$142,655$4,463,254
80$9,969,550$863,017$67,804$4,809,516
81$10,904,305$823,166$0$5,190,126
82$11,931,819$778,776$0$5,610,725
83$13,061,470$729,542$0$6,085,690
84$14,303,593$675,142$0$6,607,840
85$15,669,573$615,237$0$7,182,037
86$17,171,953$549,468$0$7,813,644
87$18,824,555$477,454$0$8,508,577
88$20,642,605$398,795$0$9,273,364
89$22,642,883$313,068$0$10,115,204
90$24,843,872$219,824$0$11,042,038
91$27,265,942$118,590$0$12,062,627
92$29,931,535$8,868$0$13,186,633
93$32,865,379$0$0$14,424,711
94$36,094,721$0$0$15,841,813
95$39,649,584$0$0$17,406,631
96$43,563,049$0$0$19,129,453
97$47,871,568$0$0$21,026,344
98$52,615,305$0$0$23,115,007
99$57,838,520$0$0$25,414,949
100$63,589,982$0$0$27,947,664