Can I retire at age 51 with 907,000?

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 $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%14.3%
1 years$74,899$74,232$73,581$72,946$72,325$71,040
2 years$37,079$36,388$35,719$35,070$34,441$33,150
3 years$24,474$23,780$23,113$22,470$21,851$20,594
4 years$18,172$17,481$16,820$16,188$15,584$14,373
5 years$14,393$13,705$13,053$12,434$11,847$10,683
6 years$11,873$11,191$10,549$9,944$9,374$8,260
7 years$10,075$9,398$8,766$8,175$7,624$6,559
8 years$8,726$8,056$7,434$6,858$6,324$5,310
9 years$7,678$7,014$6,403$5,841$5,326$4,360
10 years$6,840$6,183$5,582$5,035$4,538$3,620
11 years$6,155$5,504$4,915$4,382$3,903$3,032
12 years$5,584$4,940$4,362$3,844$3,382$2,557
13 years$5,102$4,465$3,897$3,394$2,949$2,169
14 years$4,689$4,058$3,501$3,012$2,585$1,848
15 years$4,331$3,707$3,161$2,687$2,276$1,581
16 years$4,018$3,401$2,866$2,406$2,012$1,357
17 years$3,743$3,132$2,608$2,161$1,784$1,168
18 years$3,498$2,895$2,381$1,948$1,586$1,007
19 years$3,279$2,683$2,180$1,760$1,414$870
20 years$3,083$2,493$2,000$1,594$1,263$753
21 years$2,905$2,322$1,840$1,447$1,130$653
22 years$2,744$2,167$1,696$1,315$1,013$567
23 years$2,597$2,027$1,566$1,198$909$492
24 years$2,462$1,899$1,448$1,093$817$428
25 years$2,338$1,782$1,341$998$735$373
26 years$2,224$1,675$1,244$912$662$325
27 years$2,119$1,577$1,155$835$597$283
28 years$2,022$1,486$1,074$765$539$247
29 years$1,931$1,401$999$702$487$215
30 years$1,846$1,324$931$644$440$188
31 years$1,767$1,251$868$591$398$164
32 years$1,694$1,184$810$544$360$143
33 years$1,624$1,121$756$500$325$125
34 years$1,559$1,063$706$460$295$109
35 years$1,498$1,008$660$423$267$95
36 years$1,441$957$618$390$242$83
37 years$1,386$909$578$359$219$73
38 years$1,335$863$541$331$199$64
39 years$1,286$821$507$305$180$56
40 years$1,240$781$475$282$163$49
41 years$1,196$744$446$260$148$43
42 years$1,155$708$418$240$135$37
43 years$1,115$675$392$221$122$33
44 years$1,078$643$368$204$111$28
45 years$1,042$613$346$189$101$25
46 years$1,008$585$325$174$91$22
47 years$975$558$305$161$83$19
48 years$944$533$287$149$75$17
49 years$914$509$270$138$68$15
50 years$886$486$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 $907,000, adding $2,287 every year, while hoping to spend $43,826 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: 35/45/20 Blend
50$907,000$907,000$907,000$907,000
51$1,001,873$953,802$939,744$1,030,758
52$1,057,434$953,908$924,594$1,052,263
53$1,117,192$952,550$907,469$1,071,226
54$1,181,532$949,610$888,255$1,090,780
55$1,250,870$944,964$866,834$1,111,004
56$1,325,670$938,478$843,083$1,131,987
57$1,406,436$930,011$816,874$1,153,831
58$1,493,725$919,414$788,072$1,176,653
59$1,588,148$906,528$756,535$1,200,585
60$1,690,377$891,186$722,118$1,225,776
61$1,801,151$873,210$684,664$1,252,396
62$1,921,282$852,411$644,014$1,280,635
63$2,051,664$828,590$600,000$1,310,710
64$2,193,278$801,536$552,444$1,342,863
65$2,347,206$771,025$501,165$1,377,368
66$2,514,637$736,820$445,969$1,414,533
67$2,696,877$698,672$386,657$1,454,702
68$2,895,368$656,316$323,019$1,498,262
69$3,111,692$609,472$254,837$1,545,647
70$3,347,592$557,844$181,881$1,597,344
71$3,604,987$501,119$103,915$1,653,894
72$3,885,989$438,967$20,689$1,715,905
73$4,192,921$371,038$0$1,784,055
74$4,528,343$296,963$0$1,873,640
75$4,895,073$216,352$0$1,976,622
76$5,296,211$128,794$0$2,089,582
77$5,735,173$33,853$0$2,213,634
78$6,215,719$0$0$2,350,008
79$6,741,992$0$0$2,534,207
80$7,318,551$0$0$2,754,501
81$7,950,419$0$0$2,996,063
82$8,643,126$0$0$3,261,022
83$9,402,765$0$0$3,551,727
84$10,236,046$0$0$3,870,763
85$11,150,358$0$0$4,220,979
86$12,153,843$0$0$4,605,512
87$13,255,467$0$0$5,027,818
88$14,465,107$0$0$5,491,705
89$15,793,644$0$0$6,001,366
90$17,253,065$0$0$6,561,422
91$18,856,574$0$0$7,176,963
92$20,618,717$0$0$7,853,597
93$22,555,519$0$0$8,597,502
94$24,684,637$0$0$9,415,484
95$27,025,522$0$0$10,315,044
96$29,599,602$0$0$11,304,443
97$32,430,490$0$0$12,392,784
98$35,544,197$0$0$13,590,098
99$38,969,385$0$0$14,907,435
100$42,737,632$0$0$16,356,972