Can I retire at age 51 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$74,734$74,068$73,419$72,785$72,166$71,832
2 years$36,997$36,308$35,640$34,993$34,365$34,027
3 years$24,420$23,728$23,062$22,420$21,802$21,472
4 years$18,132$17,442$16,783$16,152$15,550$15,229
5 years$14,361$13,675$13,024$12,407$11,821$11,511
6 years$11,847$11,167$10,526$9,922$9,353$9,055
7 years$10,053$9,378$8,747$8,157$7,607$7,320
8 years$8,707$8,038$7,418$6,843$6,310$6,035
9 years$7,661$6,999$6,389$5,829$5,314$5,050
10 years$6,825$6,169$5,570$5,024$4,528$4,275
11 years$6,141$5,492$4,904$4,373$3,894$3,652
12 years$5,572$4,929$4,352$3,835$3,375$3,143
13 years$5,091$4,455$3,888$3,386$2,943$2,722
14 years$4,678$4,049$3,494$3,006$2,580$2,369
15 years$4,322$3,699$3,154$2,681$2,271$2,071
16 years$4,009$3,394$2,860$2,400$2,007$1,817
17 years$3,734$3,126$2,602$2,157$1,780$1,599
18 years$3,490$2,888$2,376$1,944$1,583$1,411
19 years$3,272$2,677$2,175$1,756$1,411$1,248
20 years$3,076$2,487$1,996$1,591$1,260$1,106
21 years$2,899$2,317$1,836$1,443$1,128$982
22 years$2,738$2,163$1,692$1,312$1,011$873
23 years$2,591$2,023$1,562$1,195$907$777
24 years$2,457$1,895$1,445$1,090$815$693
25 years$2,333$1,779$1,338$996$734$618
26 years$2,220$1,672$1,241$910$661$552
27 years$2,114$1,573$1,152$833$596$494
28 years$2,017$1,482$1,071$763$538$442
29 years$1,927$1,398$997$700$486$395
30 years$1,842$1,321$929$643$439$354
31 years$1,763$1,248$866$590$397$317
32 years$1,690$1,181$808$542$359$284
33 years$1,621$1,119$754$499$325$255
34 years$1,556$1,060$705$459$294$229
35 years$1,495$1,006$659$422$266$205
36 years$1,437$955$616$389$241$184
37 years$1,383$907$577$358$219$166
38 years$1,332$862$540$330$198$149
39 years$1,283$819$506$305$180$134
40 years$1,237$779$474$281$163$120
41 years$1,194$742$445$259$148$108
42 years$1,152$707$417$239$134$97
43 years$1,113$673$392$221$122$87
44 years$1,075$642$368$204$111$78
45 years$1,040$612$345$188$100$71
46 years$1,005$584$324$174$91$63
47 years$973$557$305$161$83$57
48 years$942$532$286$149$75$51
49 years$912$508$269$137$68$46
50 years$884$485$253$127$62$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $905,000, adding $4,096 every year, while hoping to spend $35,873 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: 25/46/29 Blend
50$905,000$905,000$905,000$905,000
51$1,001,535$953,570$939,543$1,017,410
52$1,065,523$962,126$932,849$1,039,609
53$1,134,835$969,900$924,728$1,060,091
54$1,209,978$976,814$915,095$1,081,314
55$1,291,505$982,787$903,861$1,103,364
56$1,380,029$987,734$890,930$1,126,340
57$1,476,220$991,562$876,205$1,150,353
58$1,580,820$994,173$859,583$1,175,530
59$1,694,640$995,465$840,956$1,202,011
60$1,818,577$995,325$820,211$1,229,957
61$1,953,614$993,638$797,230$1,259,547
62$2,100,835$990,279$771,890$1,290,983
63$2,261,433$985,116$744,062$1,324,490
64$2,436,721$978,009$713,610$1,360,323
65$2,628,145$968,809$680,393$1,398,766
66$2,837,294$957,359$644,265$1,440,137
67$3,065,920$943,492$605,070$1,484,792
68$3,315,952$927,031$562,648$1,533,129
69$3,589,512$907,788$516,829$1,585,591
70$3,888,938$885,566$467,439$1,642,674
71$4,216,804$860,153$414,293$1,704,931
72$4,575,945$831,328$357,199$1,772,979
73$4,969,484$798,855$295,957$1,847,503
74$5,400,857$762,484$230,357$1,929,268
75$5,873,851$721,953$160,181$2,019,125
76$6,392,637$676,982$85,201$2,118,019
77$6,961,809$627,277$5,177$2,227,003
78$7,586,425$572,525$0$2,347,245
79$8,272,059$512,398$0$2,504,868
80$9,024,850$446,547$0$2,679,814
81$9,851,561$374,603$0$2,872,165
82$10,759,641$296,179$0$3,083,783
83$11,757,296$210,864$0$3,316,731
84$12,853,568$118,224$0$3,573,291
85$14,058,416$17,801$0$3,855,983
86$15,382,812$0$0$4,167,597
87$16,838,846$0$0$4,557,224
88$18,439,835$0$0$4,995,717
89$20,200,453$0$0$5,478,107
90$22,136,866$0$0$6,008,845
91$24,266,886$0$0$6,592,835
92$26,610,139$0$0$7,235,481
93$29,188,246$0$0$7,942,738
94$32,025,032$0$0$8,721,165
95$35,146,747$0$0$9,577,993
96$38,582,314$0$0$10,521,187
97$42,363,603$0$0$11,559,522
98$46,525,730$0$0$12,702,671
99$51,107,386$0$0$13,961,290
100$56,151,206$0$0$15,347,120