Can I retire at age 51 with 904,000?

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 $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%14.4%
1 years$74,651$73,987$73,338$72,705$72,086$70,776
2 years$36,956$36,268$35,601$34,954$34,327$33,011
3 years$24,393$23,701$23,036$22,395$21,778$20,498
4 years$18,112$17,423$16,764$16,135$15,532$14,298
5 years$14,345$13,660$13,010$12,393$11,808$10,623
6 years$11,834$11,154$10,514$9,911$9,343$8,209
7 years$10,042$9,367$8,737$8,148$7,598$6,515
8 years$8,698$8,030$7,410$6,835$6,304$5,271
9 years$7,653$6,991$6,382$5,822$5,308$4,326
10 years$6,818$6,162$5,564$5,019$4,523$3,589
11 years$6,135$5,486$4,898$4,368$3,890$3,004
12 years$5,566$4,924$4,347$3,831$3,371$2,532
13 years$5,085$4,450$3,884$3,382$2,940$2,146
14 years$4,673$4,045$3,490$3,002$2,577$1,828
15 years$4,317$3,695$3,151$2,678$2,269$1,562
16 years$4,005$3,390$2,857$2,398$2,005$1,340
17 years$3,730$3,122$2,599$2,154$1,778$1,152
18 years$3,486$2,885$2,373$1,941$1,581$993
19 years$3,268$2,674$2,172$1,754$1,409$858
20 years$3,072$2,485$1,994$1,589$1,259$742
21 years$2,895$2,314$1,834$1,442$1,126$642
22 years$2,735$2,160$1,690$1,311$1,010$557
23 years$2,588$2,021$1,561$1,194$906$484
24 years$2,454$1,893$1,443$1,089$815$420
25 years$2,331$1,777$1,337$995$733$366
26 years$2,217$1,670$1,240$909$660$318
27 years$2,112$1,571$1,151$832$595$277
28 years$2,015$1,481$1,070$763$537$241
29 years$1,924$1,397$996$699$485$210
30 years$1,840$1,319$928$642$438$183
31 years$1,762$1,247$865$589$396$160
32 years$1,688$1,180$807$542$358$139
33 years$1,619$1,117$753$498$324$122
34 years$1,554$1,059$704$458$294$106
35 years$1,493$1,005$658$422$266$93
36 years$1,436$953$616$389$241$81
37 years$1,382$906$576$358$218$71
38 years$1,330$861$540$330$198$62
39 years$1,282$818$506$304$180$54
40 years$1,236$779$474$281$163$47
41 years$1,192$741$444$259$148$41
42 years$1,151$706$417$239$134$36
43 years$1,112$673$391$221$122$31
44 years$1,074$641$367$204$110$27
45 years$1,038$611$345$188$100$24
46 years$1,004$583$324$174$91$21
47 years$972$557$304$161$83$18
48 years$941$531$286$148$75$16
49 years$911$507$269$137$68$14
50 years$883$485$253$127$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $904,000, adding $6,379 every year, while hoping to spend $52,182 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: 46/37/17 Blend
50$904,000$904,000$904,000$904,000
51$1,002,788$954,876$940,864$1,043,789
52$1,049,551$946,144$916,862$1,064,281
53$1,099,335$935,234$890,306$1,080,741
54$1,152,393$921,987$861,057$1,097,485
55$1,209,002$906,229$828,968$1,114,558
56$1,269,466$887,780$793,884$1,132,020
57$1,334,117$866,447$755,645$1,149,934
58$1,403,320$842,026$714,082$1,168,379
59$1,477,476$814,302$669,020$1,187,441
60$1,557,022$783,047$620,276$1,207,223
61$1,642,441$748,018$567,658$1,227,841
62$1,734,260$708,961$510,965$1,249,430
63$1,833,060$665,606$449,988$1,272,142
64$1,939,477$617,666$384,508$1,296,150
65$2,054,212$564,840$314,297$1,321,651
66$2,178,032$506,807$239,116$1,348,870
67$2,311,782$443,232$158,717$1,378,061
68$2,456,390$373,756$72,840$1,409,508
69$2,612,875$298,003$0$1,443,537
70$2,782,359$215,576$0$1,483,921
71$2,966,073$126,052$0$1,541,982
72$3,165,373$28,990$0$1,605,008
73$3,381,750$0$0$1,673,572
74$3,616,843$0$0$1,779,288
75$3,872,456$0$0$1,907,157
76$4,150,572$0$0$2,046,379
77$4,453,374$0$0$2,198,060
78$4,783,264$0$0$2,363,416
79$5,142,886$0$0$2,543,784
80$5,535,148$0$0$2,740,637
81$5,963,254$0$0$2,955,598
82$6,430,728$0$0$3,190,450
83$6,941,449$0$0$3,447,158
84$7,499,690$0$0$3,727,886
85$8,110,153$0$0$4,035,015
86$8,778,016$0$0$4,371,168
87$9,508,981$0$0$4,739,234
88$10,309,326$0$0$5,142,391
89$11,185,965$0$0$5,584,143
90$12,146,511$0$0$6,068,347
91$13,199,349$0$0$6,599,249
92$14,353,715$0$0$7,181,530
93$15,619,779$0$0$7,820,341
94$17,008,744$0$0$8,521,360
95$18,532,950$0$0$9,290,838
96$20,205,988$0$0$10,135,662
97$22,042,830$0$0$11,063,419
98$24,059,969$0$0$12,082,465
99$26,275,573$0$0$13,202,007
100$28,709,654$0$0$14,432,187