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%15.3%
1 years$74,899$74,232$73,581$72,946$72,325$70,750
2 years$37,079$36,388$35,719$35,070$34,441$32,861
3 years$24,474$23,780$23,113$22,470$21,851$20,316
4 years$18,172$17,481$16,820$16,188$15,584$14,107
5 years$14,393$13,705$13,053$12,434$11,847$10,431
6 years$11,873$11,191$10,549$9,944$9,374$8,021
7 years$10,075$9,398$8,766$8,175$7,624$6,334
8 years$8,726$8,056$7,434$6,858$6,324$5,098
9 years$7,678$7,014$6,403$5,841$5,326$4,161
10 years$6,840$6,183$5,582$5,035$4,538$3,434
11 years$6,155$5,504$4,915$4,382$3,903$2,858
12 years$5,584$4,940$4,362$3,844$3,382$2,395
13 years$5,102$4,465$3,897$3,394$2,949$2,018
14 years$4,689$4,058$3,501$3,012$2,585$1,708
15 years$4,331$3,707$3,161$2,687$2,276$1,451
16 years$4,018$3,401$2,866$2,406$2,012$1,236
17 years$3,743$3,132$2,608$2,161$1,784$1,056
18 years$3,498$2,895$2,381$1,948$1,586$904
19 years$3,279$2,683$2,180$1,760$1,414$776
20 years$3,083$2,493$2,000$1,594$1,263$666
21 years$2,905$2,322$1,840$1,447$1,130$573
22 years$2,744$2,167$1,696$1,315$1,013$494
23 years$2,597$2,027$1,566$1,198$909$426
24 years$2,462$1,899$1,448$1,093$817$367
25 years$2,338$1,782$1,341$998$735$317
26 years$2,224$1,675$1,244$912$662$274
27 years$2,119$1,577$1,155$835$597$237
28 years$2,022$1,486$1,074$765$539$205
29 years$1,931$1,401$999$702$487$177
30 years$1,846$1,324$931$644$440$153
31 years$1,767$1,251$868$591$398$133
32 years$1,694$1,184$810$544$360$115
33 years$1,624$1,121$756$500$325$100
34 years$1,559$1,063$706$460$295$86
35 years$1,498$1,008$660$423$267$75
36 years$1,441$957$618$390$242$65
37 years$1,386$909$578$359$219$56
38 years$1,335$863$541$331$199$49
39 years$1,286$821$507$305$180$42
40 years$1,240$781$475$282$163$37
41 years$1,196$744$446$260$148$32
42 years$1,155$708$418$240$135$27
43 years$1,115$675$392$221$122$24
44 years$1,078$643$368$204$111$21
45 years$1,042$613$346$189$101$18
46 years$1,008$585$325$174$91$16
47 years$975$558$305$161$83$13
48 years$944$533$287$149$75$12
49 years$914$509$270$138$68$10
50 years$886$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 $907,000, adding $2,977 every year, while hoping to spend $33,378 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: 72/18/10 Blend
50$907,000$907,000$907,000$907,000
51$1,002,585$954,514$940,455$1,072,655
52$1,069,334$965,771$936,447$1,130,632
53$1,141,774$976,461$931,185$1,189,679
54$1,220,448$986,521$924,593$1,253,419
55$1,305,957$995,884$916,590$1,322,308
56$1,398,960$1,004,478$907,091$1,396,846
57$1,500,183$1,012,226$896,008$1,477,587
58$1,610,425$1,019,048$883,247$1,565,138
59$1,730,563$1,024,856$868,711$1,660,170
60$1,861,566$1,029,559$852,298$1,763,424
61$2,004,497$1,033,059$833,901$1,875,713
62$2,160,528$1,035,252$813,409$1,997,937
63$2,330,949$1,036,026$790,706$2,131,087
64$2,517,180$1,035,265$765,668$2,276,253
65$2,720,782$1,032,844$738,168$2,434,639
66$2,943,479$1,028,629$708,073$2,607,572
67$3,187,163$1,022,482$675,243$2,796,515
68$3,453,921$1,014,251$639,532$3,003,080
69$3,746,052$1,003,780$600,787$3,229,044
70$4,066,085$990,901$558,848$3,476,366
71$4,416,805$975,435$513,550$3,747,208
72$4,801,283$957,195$464,718$4,043,950
73$5,222,897$935,981$412,169$4,369,217
74$5,685,371$911,582$355,715$4,725,904
75$6,192,803$883,774$295,156$5,117,201
76$6,749,711$852,320$230,285$5,546,625
77$7,361,068$816,971$160,886$6,018,055
78$8,032,354$777,460$86,733$6,535,765
79$8,769,606$733,507$7,591$7,104,466
80$9,579,474$684,816$0$7,729,354
81$10,469,281$631,074$0$8,424,357
82$11,447,100$571,948$0$9,188,985
83$12,521,819$507,089$0$10,029,413
84$13,703,234$436,126$0$10,953,343
85$15,002,135$358,667$0$11,969,264
86$16,430,411$274,300$0$13,086,530
87$18,001,160$182,587$0$14,315,451
88$19,728,813$83,069$0$15,667,390
89$21,629,269$0$0$17,154,871
90$23,720,049$0$0$18,796,597
91$26,020,452$0$0$20,621,078
92$28,551,747$0$0$22,628,734
93$31,337,365$0$0$24,838,156
94$34,403,128$0$0$27,269,831
95$37,777,482$0$0$29,946,328
96$41,491,776$0$0$32,892,521
97$45,580,548$0$0$36,135,812
98$50,081,859$0$0$39,706,399
99$55,037,644$0$0$43,637,555
100$60,494,114$0$0$47,965,943