Can I retire at age 51 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$74,569$73,905$73,257$72,624$72,006$70,524
2 years$36,915$36,228$35,561$34,915$34,289$32,802
3 years$24,366$23,675$23,011$22,371$21,754$20,309
4 years$18,092$17,404$16,746$16,117$15,515$14,123
5 years$14,329$13,645$12,995$12,379$11,794$10,460
6 years$11,821$11,142$10,502$9,900$9,333$8,056
7 years$10,030$9,357$8,727$8,139$7,590$6,373
8 years$8,688$8,021$7,402$6,828$6,297$5,138
9 years$7,644$6,983$6,375$5,816$5,303$4,201
10 years$6,810$6,156$5,558$5,013$4,518$3,473
11 years$6,128$5,480$4,893$4,363$3,886$2,896
12 years$5,560$4,919$4,342$3,827$3,367$2,432
13 years$5,080$4,445$3,880$3,379$2,936$2,053
14 years$4,668$4,040$3,486$2,999$2,574$1,741
15 years$4,312$3,691$3,147$2,675$2,266$1,482
16 years$4,001$3,386$2,854$2,395$2,003$1,266
17 years$3,726$3,119$2,597$2,152$1,776$1,084
18 years$3,483$2,882$2,370$1,939$1,579$930
19 years$3,265$2,671$2,170$1,752$1,408$799
20 years$3,069$2,482$1,991$1,587$1,257$688
21 years$2,892$2,312$1,832$1,440$1,125$594
22 years$2,732$2,158$1,688$1,310$1,008$512
23 years$2,585$2,018$1,559$1,193$905$443
24 years$2,451$1,891$1,442$1,088$814$383
25 years$2,328$1,775$1,335$993$732$331
26 years$2,215$1,668$1,238$908$660$287
27 years$2,110$1,570$1,150$831$595$249
28 years$2,013$1,479$1,069$762$537$216
29 years$1,922$1,395$995$699$484$187
30 years$1,838$1,318$927$641$438$162
31 years$1,760$1,246$864$589$396$141
32 years$1,686$1,179$806$541$358$122
33 years$1,617$1,116$753$498$324$106
34 years$1,552$1,058$703$458$293$92
35 years$1,492$1,003$657$421$266$80
36 years$1,434$952$615$388$241$70
37 years$1,380$905$576$358$218$60
38 years$1,329$860$539$330$198$52
39 years$1,280$817$505$304$179$46
40 years$1,235$778$473$280$163$40
41 years$1,191$740$444$259$148$34
42 years$1,150$705$416$239$134$30
43 years$1,110$672$391$220$122$26
44 years$1,073$640$367$203$110$23
45 years$1,037$611$344$188$100$20
46 years$1,003$583$323$174$91$17
47 years$971$556$304$160$83$15
48 years$940$531$286$148$75$13
49 years$910$507$268$137$68$11
50 years$882$484$252$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $903,000, adding $5,326 every year, while hoping to spend $53,285 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: 37/37/26 Blend
50$903,000$903,000$903,000$903,000
51$1,000,600$952,741$938,744$1,029,667
52$1,045,966$942,730$913,497$1,041,511
53$1,094,174$930,443$885,619$1,049,023
54$1,145,457$915,712$854,964$1,056,097
55$1,200,070$898,359$821,382$1,062,729
56$1,258,295$878,196$784,716$1,068,917
57$1,320,436$855,022$744,799$1,074,665
58$1,386,830$828,628$701,459$1,079,981
59$1,457,845$798,790$654,517$1,084,880
60$1,533,885$765,270$603,783$1,089,385
61$1,615,392$727,819$549,060$1,093,527
62$1,702,852$686,172$490,144$1,097,344
63$1,796,798$640,049$426,819$1,100,889
64$1,897,814$589,154$358,860$1,104,225
65$2,006,543$533,175$286,033$1,107,428
66$2,123,689$471,779$208,094$1,110,594
67$2,250,027$404,618$124,787$1,113,832
68$2,386,408$331,323$35,846$1,117,276
69$2,533,767$251,503$0$1,121,081
70$2,693,130$164,745$0$1,141,814
71$2,865,628$70,616$0$1,174,977
72$3,052,500$0$0$1,210,941
73$3,255,113$0$0$1,262,836
74$3,474,968$0$0$1,350,451
75$3,713,714$0$0$1,445,705
76$3,973,167$0$0$1,549,336
77$4,255,326$0$0$1,662,157
78$4,562,386$0$0$1,785,061
79$4,896,768$0$0$1,919,032
80$5,261,130$0$0$2,065,154
81$5,658,401$0$0$2,224,616
82$6,091,803$0$0$2,398,732
83$6,564,885$0$0$2,588,944
84$7,081,550$0$0$2,796,843
85$7,646,097$0$0$3,024,178
86$8,263,257$0$0$3,272,875
87$8,938,242$0$0$3,545,058
88$9,676,787$0$0$3,843,060
89$10,485,210$0$0$4,169,456
90$11,370,466$0$0$4,527,078
91$12,340,214$0$0$4,919,046
92$13,402,890$0$0$5,348,796
93$14,567,784$0$0$5,820,113
94$15,845,129$0$0$6,337,165
95$17,246,192$0$0$6,904,544
96$18,783,387$0$0$7,527,306
97$20,470,386$0$0$8,211,023
98$22,322,248$0$0$8,961,830
99$24,355,562$0$0$9,786,489
100$26,588,602$0$0$10,692,445