Can I retire at age 51 with 906,000?

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 $906,000?

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%
1 years$74,817$74,150$73,500$72,865$72,246$70,729
2 years$37,038$36,348$35,680$35,031$34,403$32,882
3 years$24,447$23,754$23,087$22,445$21,826$20,349
4 years$18,152$17,462$16,801$16,170$15,567$14,144
5 years$14,377$13,690$13,039$12,420$11,834$10,469
6 years$11,860$11,179$10,537$9,933$9,364$8,060
7 years$10,064$9,388$8,756$8,166$7,615$6,371
8 years$8,717$8,047$7,426$6,850$6,317$5,134
9 years$7,670$7,007$6,396$5,835$5,320$4,196
10 years$6,833$6,176$5,576$5,030$4,533$3,467
11 years$6,148$5,498$4,909$4,377$3,899$2,889
12 years$5,578$4,935$4,357$3,840$3,378$2,424
13 years$5,096$4,460$3,893$3,390$2,946$2,045
14 years$4,684$4,054$3,497$3,009$2,583$1,733
15 years$4,326$3,703$3,158$2,684$2,274$1,474
16 years$4,014$3,398$2,863$2,403$2,010$1,258
17 years$3,739$3,129$2,605$2,159$1,782$1,076
18 years$3,494$2,891$2,378$1,946$1,584$923
19 years$3,276$2,680$2,177$1,758$1,412$793
20 years$3,079$2,490$1,998$1,592$1,261$682
21 years$2,902$2,319$1,838$1,445$1,129$588
22 years$2,741$2,165$1,694$1,314$1,012$507
23 years$2,594$2,025$1,564$1,197$908$438
24 years$2,459$1,897$1,446$1,091$816$378
25 years$2,336$1,780$1,340$997$735$327
26 years$2,222$1,673$1,242$911$662$283
27 years$2,117$1,575$1,154$834$597$245
28 years$2,019$1,484$1,073$764$538$212
29 years$1,929$1,400$998$701$486$184
30 years$1,844$1,322$930$643$439$159
31 years$1,765$1,250$867$591$397$138
32 years$1,692$1,183$809$543$359$120
33 years$1,623$1,120$755$499$325$104
34 years$1,558$1,061$705$459$294$90
35 years$1,496$1,007$660$423$267$78
36 years$1,439$956$617$389$242$68
37 years$1,385$908$578$359$219$59
38 years$1,333$863$541$331$198$51
39 years$1,285$820$507$305$180$45
40 years$1,239$780$475$281$163$39
41 years$1,195$743$445$260$148$34
42 years$1,153$707$418$239$134$29
43 years$1,114$674$392$221$122$25
44 years$1,076$642$368$204$111$22
45 years$1,041$613$345$189$100$19
46 years$1,007$584$324$174$91$17
47 years$974$558$305$161$83$14
48 years$943$532$286$149$75$13
49 years$913$508$269$137$68$11
50 years$885$486$253$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $906,000, adding $5,533 every year, while hoping to spend $38,886 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: 58/25/17 Blend
50$906,000$906,000$906,000$906,000
51$1,004,119$956,101$942,058$1,057,605
52$1,065,165$961,576$932,243$1,099,965
53$1,131,134$966,015$920,795$1,141,383
54$1,202,488$969,328$907,620$1,185,647
55$1,279,733$971,416$892,616$1,233,037
56$1,363,426$972,177$875,680$1,283,865
57$1,454,181$971,499$856,701$1,338,474
58$1,552,672$969,266$835,564$1,397,242
59$1,659,638$965,354$812,149$1,460,592
60$1,775,895$959,630$786,330$1,528,987
61$1,902,341$951,956$757,976$1,602,940
62$2,039,960$942,183$726,950$1,683,020
63$2,189,840$930,154$693,106$1,769,854
64$2,353,175$915,703$656,296$1,864,135
65$2,531,279$898,652$616,362$1,966,630
66$2,725,598$878,815$573,140$2,078,185
67$2,937,727$855,995$526,457$2,199,738
68$3,169,417$829,981$476,136$2,332,322
69$3,422,599$800,551$421,988$2,477,079
70$3,699,398$767,472$363,818$2,635,273
71$4,002,152$730,493$301,422$2,808,297
72$4,333,438$689,354$234,586$2,997,691
73$4,696,092$643,775$163,087$3,205,156
74$5,093,236$593,463$86,694$3,432,572
75$5,528,311$538,108$5,163$3,682,012
76$6,005,104$477,380$0$3,955,766
77$6,527,786$410,933$0$4,271,210
78$7,100,952$338,400$0$4,618,254
79$7,729,661$259,395$0$4,999,093
80$8,419,488$173,506$0$5,417,181
81$9,176,572$80,304$0$5,876,330
82$10,007,674$0$0$6,380,741
83$10,920,244$0$0$6,940,736
84$11,922,488$0$0$7,580,100
85$13,023,444$0$0$8,282,518
86$14,233,071$0$0$9,054,355
87$15,562,339$0$0$9,902,620
88$17,023,333$0$0$10,835,036
89$18,629,369$0$0$11,860,114
90$20,395,114$0$0$12,987,226
91$22,336,730$0$0$14,226,701
92$24,472,022$0$0$15,589,918
93$26,820,607$0$0$17,089,414
94$29,404,101$0$0$18,739,002
95$32,246,316$0$0$20,553,902
96$35,373,491$0$0$22,550,883
97$38,814,537$0$0$24,748,421
98$42,601,307$0$0$27,166,874
99$46,768,900$0$0$29,828,674
100$51,355,989$0$0$32,758,538