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%11.8%
1 years$74,486$73,823$73,176$72,544$71,927$71,384
2 years$36,874$36,188$35,522$34,877$34,251$33,703
3 years$24,339$23,649$22,985$22,346$21,730$21,195
4 years$18,072$17,385$16,727$16,099$15,498$14,980
5 years$14,313$13,630$12,981$12,366$11,781$11,281
6 years$11,808$11,130$10,491$9,889$9,322$8,841
7 years$10,019$9,347$8,718$8,130$7,581$7,119
8 years$8,678$8,012$7,393$6,820$6,290$5,846
9 years$7,636$6,976$6,368$5,809$5,297$4,872
10 years$6,803$6,149$5,552$5,008$4,513$4,107
11 years$6,121$5,474$4,888$4,358$3,881$3,494
12 years$5,554$4,913$4,338$3,823$3,364$2,994
13 years$5,074$4,440$3,875$3,375$2,933$2,581
14 years$4,663$4,036$3,482$2,996$2,571$2,236
15 years$4,307$3,687$3,144$2,672$2,264$1,946
16 years$3,996$3,383$2,850$2,392$2,001$1,699
17 years$3,722$3,115$2,594$2,149$1,774$1,488
18 years$3,479$2,879$2,368$1,937$1,577$1,307
19 years$3,261$2,668$2,168$1,750$1,406$1,150
20 years$3,066$2,479$1,989$1,585$1,256$1,014
21 years$2,889$2,309$1,830$1,439$1,124$896
22 years$2,729$2,156$1,686$1,308$1,007$792
23 years$2,582$2,016$1,557$1,191$904$702
24 years$2,448$1,889$1,440$1,087$813$622
25 years$2,325$1,773$1,334$992$731$552
26 years$2,212$1,666$1,237$907$659$490
27 years$2,107$1,568$1,149$830$594$436
28 years$2,010$1,477$1,068$761$536$388
29 years$1,920$1,394$994$698$484$345
30 years$1,836$1,316$926$640$437$307
31 years$1,758$1,244$863$588$395$274
32 years$1,684$1,177$805$541$358$244
33 years$1,615$1,115$752$497$324$218
34 years$1,551$1,057$702$457$293$194
35 years$1,490$1,002$657$421$265$173
36 years$1,433$951$614$388$240$155
37 years$1,379$904$575$357$218$138
38 years$1,327$859$538$329$198$123
39 years$1,279$817$504$304$179$110
40 years$1,233$777$473$280$163$98
41 years$1,190$740$443$258$147$88
42 years$1,148$704$416$238$134$79
43 years$1,109$671$390$220$121$70
44 years$1,072$640$366$203$110$63
45 years$1,036$610$344$188$100$56
46 years$1,002$582$323$173$91$50
47 years$970$555$304$160$82$45
48 years$939$530$285$148$75$40
49 years$909$506$268$137$68$36
50 years$881$484$252$126$62$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $902,000, adding $3,978 every year, while hoping to spend $46,762 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: 74/15/11 Blend
50$902,000$902,000$902,000$902,000
51$998,107$950,301$936,320$1,069,557
52$1,050,160$947,112$917,933$1,114,072
53$1,105,954$942,198$897,362$1,156,595
54$1,165,824$935,428$874,485$1,201,891
55$1,230,132$926,658$849,174$1,250,220
56$1,299,279$915,738$821,296$1,301,870
57$1,373,705$902,509$790,709$1,357,157
58$1,453,893$886,802$757,267$1,416,434
59$1,540,372$868,437$720,818$1,480,085
60$1,633,724$847,225$681,200$1,548,539
61$1,734,590$822,965$638,246$1,622,267
62$1,843,673$795,444$591,781$1,701,788
63$1,961,744$764,438$541,623$1,787,676
64$2,089,654$729,708$487,579$1,880,567
65$2,228,338$691,002$429,452$1,981,158
66$2,378,821$648,054$367,032$2,090,223
67$2,542,234$600,582$300,101$2,208,614
68$2,719,820$548,289$228,432$2,337,272
69$2,912,946$490,859$151,788$2,477,234
70$3,123,114$427,959$69,921$2,629,648
71$3,351,982$359,239$0$2,795,779
72$3,601,368$284,325$0$2,979,068
73$3,873,277$202,827$0$3,187,902
74$4,169,915$114,330$0$3,415,798
75$4,493,710$18,395$0$3,664,666
76$4,847,333$0$0$3,936,614
77$5,233,726$0$0$4,248,065
78$5,656,129$0$0$4,591,898
79$6,118,106$0$0$4,967,983
80$6,623,584$0$0$5,379,522
81$7,176,886$0$0$5,830,040
82$7,782,773$0$0$6,323,417
83$8,446,485$0$0$6,863,928
84$9,173,798$0$0$7,456,281
85$9,971,068$0$0$8,105,658
86$10,845,298$0$0$8,817,770
87$11,804,200$0$0$9,598,906
88$12,856,271$0$0$10,455,992
89$14,010,866$0$0$11,396,658
90$15,278,292$0$0$12,429,308
91$16,669,902$0$0$13,563,198
92$18,198,203$0$0$14,808,528
93$19,876,973$0$0$16,176,531
94$21,721,387$0$0$17,679,582
95$23,748,165$0$0$19,331,316
96$25,975,728$0$0$21,146,751
97$28,424,368$0$0$23,142,436
98$31,116,440$0$0$25,336,600
99$34,076,577$0$0$27,749,328
100$37,331,916$0$0$30,402,749