Can I retire at age 51 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$74,651$73,987$73,338$72,705$72,086$70,088
2 years$36,956$36,268$35,601$34,954$34,327$32,328
3 years$24,393$23,701$23,036$22,395$21,778$19,842
4 years$18,112$17,423$16,764$16,135$15,532$13,674
5 years$14,345$13,660$13,010$12,393$11,808$10,032
6 years$11,834$11,154$10,514$9,911$9,343$7,651
7 years$10,042$9,367$8,737$8,148$7,598$5,991
8 years$8,698$8,030$7,410$6,835$6,304$4,779
9 years$7,653$6,991$6,382$5,822$5,308$3,866
10 years$6,818$6,162$5,564$5,019$4,523$3,161
11 years$6,135$5,486$4,898$4,368$3,890$2,606
12 years$5,566$4,924$4,347$3,831$3,371$2,162
13 years$5,085$4,450$3,884$3,382$2,940$1,803
14 years$4,673$4,045$3,490$3,002$2,577$1,511
15 years$4,317$3,695$3,151$2,678$2,269$1,270
16 years$4,005$3,390$2,857$2,398$2,005$1,071
17 years$3,730$3,122$2,599$2,154$1,778$905
18 years$3,486$2,885$2,373$1,941$1,581$766
19 years$3,268$2,674$2,172$1,754$1,409$650
20 years$3,072$2,485$1,994$1,589$1,259$552
21 years$2,895$2,314$1,834$1,442$1,126$469
22 years$2,735$2,160$1,690$1,311$1,010$400
23 years$2,588$2,021$1,561$1,194$906$341
24 years$2,454$1,893$1,443$1,089$815$290
25 years$2,331$1,777$1,337$995$733$248
26 years$2,217$1,670$1,240$909$660$211
27 years$2,112$1,571$1,151$832$595$181
28 years$2,015$1,481$1,070$763$537$154
29 years$1,924$1,397$996$699$485$132
30 years$1,840$1,319$928$642$438$113
31 years$1,762$1,247$865$589$396$96
32 years$1,688$1,180$807$542$358$82
33 years$1,619$1,117$753$498$324$70
34 years$1,554$1,059$704$458$294$60
35 years$1,493$1,005$658$422$266$52
36 years$1,436$953$616$389$241$44
37 years$1,382$906$576$358$218$38
38 years$1,330$861$540$330$198$32
39 years$1,282$818$506$304$180$28
40 years$1,236$779$474$281$163$24
41 years$1,192$741$444$259$148$20
42 years$1,151$706$417$239$134$17
43 years$1,112$673$391$221$122$15
44 years$1,074$641$367$204$110$13
45 years$1,038$611$345$188$100$11
46 years$1,004$583$324$174$91$9
47 years$972$557$304$161$83$8
48 years$941$531$286$148$75$7
49 years$911$507$269$137$68$6
50 years$883$485$253$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $904,000, adding $3,281 every year, while hoping to spend $40,422 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: 67/28/5 Blend
50$904,000$904,000$904,000$904,000
51$999,592$951,680$937,668$1,065,737
52$1,058,542$955,304$926,072$1,113,612
53$1,122,150$957,750$912,731$1,160,719
54$1,190,848$958,919$897,547$1,211,117
55$1,265,112$958,704$880,413$1,265,121
56$1,345,465$956,991$861,217$1,323,078
57$1,432,479$953,661$839,845$1,385,370
58$1,526,787$948,585$816,175$1,452,420
59$1,629,082$941,629$790,080$1,524,694
60$1,740,129$932,649$761,427$1,602,706
61$1,860,765$921,492$730,079$1,687,026
62$1,991,916$907,998$695,889$1,778,279
63$2,134,597$891,995$658,706$1,877,159
64$2,289,925$873,302$618,373$1,984,429
65$2,459,132$851,728$574,722$2,100,933
66$2,643,569$827,069$527,582$2,227,602
67$2,844,729$799,111$476,771$2,365,464
68$3,064,249$767,625$422,101$2,515,652
69$3,303,935$732,371$363,374$2,679,418
70$3,565,773$693,095$300,384$2,858,145
71$3,851,952$649,526$232,917$3,053,357
72$4,164,879$601,380$160,747$3,266,737
73$4,507,205$548,356$83,640$3,500,142
74$4,881,849$490,136$1,352$3,755,622
75$5,292,027$426,382$0$4,035,438
76$5,741,279$356,739$0$4,346,700
77$6,233,502$280,832$0$4,687,924
78$6,772,991$198,264$0$5,062,092
79$7,364,472$108,616$0$5,472,573
80$8,013,155$11,445$0$5,923,081
81$8,724,776$0$0$6,417,714
82$9,505,651$0$0$6,989,868
83$10,362,740$0$0$7,621,792
84$11,303,709$0$0$8,315,620
85$12,337,002$0$0$9,077,585
86$13,471,921$0$0$9,914,555
87$14,718,713$0$0$10,834,094
88$16,088,666$0$0$11,844,535
89$17,594,216$0$0$12,955,061
90$19,249,065$0$0$14,175,785
91$21,068,306$0$0$15,517,851
92$23,068,568$0$0$16,993,537
93$25,268,173$0$0$18,616,367
94$27,687,306$0$0$20,401,245
95$30,348,206$0$0$22,364,590
96$33,275,377$0$0$24,524,493
97$36,495,817$0$0$26,900,884
98$40,039,271$0$0$29,515,727
99$43,938,516$0$0$32,393,219
100$48,229,664$0$0$35,560,023