Can I retire at age 51 with 905,000?

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 $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%14.3%
1 years$74,734$74,068$73,419$72,785$72,166$70,883
2 years$36,997$36,308$35,640$34,993$34,365$33,077
3 years$24,420$23,728$23,062$22,420$21,802$20,549
4 years$18,132$17,442$16,783$16,152$15,550$14,341
5 years$14,361$13,675$13,024$12,407$11,821$10,660
6 years$11,847$11,167$10,526$9,922$9,353$8,242
7 years$10,053$9,378$8,747$8,157$7,607$6,545
8 years$8,707$8,038$7,418$6,843$6,310$5,298
9 years$7,661$6,999$6,389$5,829$5,314$4,351
10 years$6,825$6,169$5,570$5,024$4,528$3,612
11 years$6,141$5,492$4,904$4,373$3,894$3,026
12 years$5,572$4,929$4,352$3,835$3,375$2,552
13 years$5,091$4,455$3,888$3,386$2,943$2,164
14 years$4,678$4,049$3,494$3,006$2,580$1,844
15 years$4,322$3,699$3,154$2,681$2,271$1,578
16 years$4,009$3,394$2,860$2,400$2,007$1,354
17 years$3,734$3,126$2,602$2,157$1,780$1,165
18 years$3,490$2,888$2,376$1,944$1,583$1,005
19 years$3,272$2,677$2,175$1,756$1,411$868
20 years$3,076$2,487$1,996$1,591$1,260$752
21 years$2,899$2,317$1,836$1,443$1,128$652
22 years$2,738$2,163$1,692$1,312$1,011$566
23 years$2,591$2,023$1,562$1,195$907$491
24 years$2,457$1,895$1,445$1,090$815$427
25 years$2,333$1,779$1,338$996$734$372
26 years$2,220$1,672$1,241$910$661$324
27 years$2,114$1,573$1,152$833$596$282
28 years$2,017$1,482$1,071$763$538$246
29 years$1,927$1,398$997$700$486$215
30 years$1,842$1,321$929$643$439$187
31 years$1,763$1,248$866$590$397$163
32 years$1,690$1,181$808$542$359$143
33 years$1,621$1,119$754$499$325$125
34 years$1,556$1,060$705$459$294$109
35 years$1,495$1,006$659$422$266$95
36 years$1,437$955$616$389$241$83
37 years$1,383$907$577$358$219$73
38 years$1,332$862$540$330$198$64
39 years$1,283$819$506$305$180$56
40 years$1,237$779$474$281$163$49
41 years$1,194$742$445$259$148$42
42 years$1,152$707$417$239$134$37
43 years$1,113$673$392$221$122$32
44 years$1,075$642$368$204$111$28
45 years$1,040$612$345$188$100$25
46 years$1,005$584$324$174$91$22
47 years$973$557$305$161$83$19
48 years$942$532$286$149$75$17
49 years$912$508$269$137$68$15
50 years$884$485$253$127$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $905,000, adding $4,514 every year, while hoping to spend $41,063 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: 55/30/15 Blend
50$905,000$905,000$905,000$905,000
51$1,001,966$954,001$939,974$1,052,882
52$1,060,476$957,057$927,772$1,091,081
53$1,123,578$958,885$913,785$1,127,838
54$1,191,696$959,384$897,911$1,166,929
55$1,265,298$958,443$880,040$1,208,583
56$1,344,897$955,945$860,060$1,253,059
57$1,431,057$951,767$837,852$1,300,642
58$1,524,398$945,777$813,294$1,351,645
59$1,625,603$937,836$786,255$1,406,420
60$1,735,420$927,796$756,600$1,465,353
61$1,854,675$915,500$724,189$1,528,873
62$1,984,275$900,782$688,871$1,597,455
63$2,125,216$883,466$650,495$1,671,623
64$2,278,599$863,366$608,896$1,751,961
65$2,445,629$840,285$563,908$1,839,111
66$2,627,637$814,012$515,352$1,933,787
67$2,826,085$784,328$463,046$2,036,777
68$3,042,583$750,998$406,795$2,148,953
69$3,278,904$713,774$346,400$2,271,282
70$3,536,997$672,394$281,650$2,404,829
71$3,819,011$626,581$212,325$2,550,776
72$4,127,310$576,043$138,197$2,710,427
73$4,464,496$520,470$59,027$2,885,227
74$4,833,435$459,533$0$3,076,771
75$5,237,283$392,888$0$3,290,897
76$5,679,514$320,168$0$3,535,827
77$6,163,957$240,989$0$3,804,300
78$6,694,824$154,941$0$4,098,742
79$7,276,757$61,594$0$4,421,832
80$7,914,868$0$0$4,776,523
81$8,614,786$0$0$5,179,118
82$9,382,713$0$0$5,643,226
83$10,225,479$0$0$6,152,652
84$11,150,608$0$0$6,711,954
85$12,166,387$0$0$7,326,155
86$13,281,945$0$0$8,000,787
87$14,507,340$0$0$8,741,942
88$15,853,650$0$0$9,556,336
89$17,333,080$0$0$10,451,363
90$18,959,076$0$0$11,435,171
91$20,746,452$0$0$12,516,738
92$22,711,527$0$0$13,705,953
93$24,872,282$0$0$15,013,712
94$27,248,524$0$0$16,452,019
95$29,862,081$0$0$18,034,101
96$32,736,998$0$0$19,774,531
97$35,899,769$0$0$21,689,365
98$39,379,586$0$0$23,796,293
99$43,208,613$0$0$26,114,809
100$47,422,289$0$0$28,666,389