Can I retire at age 51 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$74,899$74,232$73,581$72,946$72,325$69,815
2 years$37,079$36,388$35,719$35,070$34,441$31,937
3 years$24,474$23,780$23,113$22,470$21,851$19,433
4 years$18,172$17,481$16,820$16,188$15,584$13,271
5 years$14,393$13,705$13,053$12,434$11,847$9,644
6 years$11,873$11,191$10,549$9,944$9,374$7,283
7 years$10,075$9,398$8,766$8,175$7,624$5,644
8 years$8,726$8,056$7,434$6,858$6,324$4,455
9 years$7,678$7,014$6,403$5,841$5,326$3,565
10 years$6,840$6,183$5,582$5,035$4,538$2,882
11 years$6,155$5,504$4,915$4,382$3,903$2,348
12 years$5,584$4,940$4,362$3,844$3,382$1,925
13 years$5,102$4,465$3,897$3,394$2,949$1,586
14 years$4,689$4,058$3,501$3,012$2,585$1,312
15 years$4,331$3,707$3,161$2,687$2,276$1,089
16 years$4,018$3,401$2,866$2,406$2,012$907
17 years$3,743$3,132$2,608$2,161$1,784$756
18 years$3,498$2,895$2,381$1,948$1,586$632
19 years$3,279$2,683$2,180$1,760$1,414$529
20 years$3,083$2,493$2,000$1,594$1,263$443
21 years$2,905$2,322$1,840$1,447$1,130$371
22 years$2,744$2,167$1,696$1,315$1,013$312
23 years$2,597$2,027$1,566$1,198$909$262
24 years$2,462$1,899$1,448$1,093$817$220
25 years$2,338$1,782$1,341$998$735$185
26 years$2,224$1,675$1,244$912$662$156
27 years$2,119$1,577$1,155$835$597$131
28 years$2,022$1,486$1,074$765$539$110
29 years$1,931$1,401$999$702$487$93
30 years$1,846$1,324$931$644$440$78
31 years$1,767$1,251$868$591$398$66
32 years$1,694$1,184$810$544$360$56
33 years$1,624$1,121$756$500$325$47
34 years$1,559$1,063$706$460$295$39
35 years$1,498$1,008$660$423$267$33
36 years$1,441$957$618$390$242$28
37 years$1,386$909$578$359$219$24
38 years$1,335$863$541$331$199$20
39 years$1,286$821$507$305$180$17
40 years$1,240$781$475$282$163$14
41 years$1,196$744$446$260$148$12
42 years$1,155$708$418$240$135$10
43 years$1,115$675$392$221$122$8
44 years$1,078$643$368$204$111$7
45 years$1,042$613$346$189$101$6
46 years$1,008$585$325$174$91$5
47 years$975$558$305$161$83$4
48 years$944$533$287$149$75$4
49 years$914$509$270$138$68$3
50 years$886$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $907,000, adding $4,119 every year, while hoping to spend $20,068 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: 40/31/29 Blend
50$907,000$907,000$907,000$907,000
51$1,003,763$955,692$941,633$1,035,182
52$1,084,794$981,168$951,826$1,083,923
53$1,173,419$1,007,221$961,687$1,134,460
54$1,270,389$1,033,856$971,185$1,188,758
55$1,376,534$1,061,081$980,286$1,247,175
56$1,492,768$1,088,901$988,953$1,310,104
57$1,620,097$1,117,324$997,149$1,377,980
58$1,759,627$1,146,353$1,004,834$1,451,280
59$1,912,580$1,175,995$1,011,967$1,530,532
60$2,080,298$1,206,254$1,018,503$1,616,316
61$2,264,262$1,237,134$1,024,395$1,709,271
62$2,466,100$1,268,637$1,029,596$1,810,103
63$2,687,609$1,300,767$1,034,054$1,919,589
64$2,930,765$1,333,525$1,037,716$2,038,585
65$3,197,748$1,366,912$1,040,524$2,168,034
66$3,490,957$1,400,929$1,042,420$2,308,976
67$3,813,034$1,435,574$1,043,341$2,462,559
68$4,166,892$1,470,846$1,043,221$2,630,044
69$4,555,740$1,506,742$1,041,993$2,812,825
70$4,983,110$1,543,257$1,039,585$3,012,437
71$5,452,896$1,580,386$1,035,920$3,230,572
72$5,969,388$1,618,121$1,030,920$3,469,094
73$6,537,311$1,656,455$1,024,502$3,730,059
74$7,161,873$1,695,377$1,016,578$4,015,733
75$7,848,809$1,734,876$1,007,059$4,328,613
76$8,604,441$1,774,938$995,848$4,671,453
77$9,435,730$1,815,546$982,846$5,047,287
78$10,350,351$1,856,685$967,948$5,459,461
79$11,356,757$1,898,332$951,044$5,911,660
80$12,464,262$1,940,466$932,020$6,407,951
81$13,683,130$1,983,062$910,755$6,952,812
82$15,024,669$2,026,092$887,126$7,551,181
83$16,501,340$2,069,525$860,999$8,208,503
84$18,126,872$2,113,327$832,238$8,930,777
85$19,916,394$2,157,461$800,698$9,724,616
86$21,886,575$2,201,886$766,231$10,597,311
87$24,055,784$2,246,556$728,678$11,556,897
88$26,444,261$2,291,424$687,875$12,612,230
89$29,074,308$2,336,437$643,652$13,773,073
90$31,970,501$2,381,536$595,828$15,050,186
91$35,159,920$2,426,659$544,216$16,455,431
92$38,672,406$2,471,739$488,621$18,001,879
93$42,540,839$2,516,703$428,838$19,703,941
94$46,801,454$2,561,470$364,653$21,577,499
95$51,494,177$2,605,957$295,844$23,640,057
96$56,663,006$2,650,072$222,177$25,910,911
97$62,356,422$2,693,715$143,410$28,411,327
98$68,627,852$2,736,782$59,289$31,164,744
99$75,536,166$2,779,157$0$34,196,996
100$83,146,239$2,820,719$0$37,545,991