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%18.3%
1 years$74,899$74,232$73,581$72,946$72,325$69,898
2 years$37,079$36,388$35,719$35,070$34,441$32,019
3 years$24,474$23,780$23,113$22,470$21,851$19,511
4 years$18,172$17,481$16,820$16,188$15,584$13,344
5 years$14,393$13,705$13,053$12,434$11,847$9,713
6 years$11,873$11,191$10,549$9,944$9,374$7,347
7 years$10,075$9,398$8,766$8,175$7,624$5,704
8 years$8,726$8,056$7,434$6,858$6,324$4,510
9 years$7,678$7,014$6,403$5,841$5,326$3,615
10 years$6,840$6,183$5,582$5,035$4,538$2,928
11 years$6,155$5,504$4,915$4,382$3,903$2,391
12 years$5,584$4,940$4,362$3,844$3,382$1,964
13 years$5,102$4,465$3,897$3,394$2,949$1,622
14 years$4,689$4,058$3,501$3,012$2,585$1,344
15 years$4,331$3,707$3,161$2,687$2,276$1,118
16 years$4,018$3,401$2,866$2,406$2,012$933
17 years$3,743$3,132$2,608$2,161$1,784$780
18 years$3,498$2,895$2,381$1,948$1,586$653
19 years$3,279$2,683$2,180$1,760$1,414$548
20 years$3,083$2,493$2,000$1,594$1,263$460
21 years$2,905$2,322$1,840$1,447$1,130$387
22 years$2,744$2,167$1,696$1,315$1,013$325
23 years$2,597$2,027$1,566$1,198$909$274
24 years$2,462$1,899$1,448$1,093$817$231
25 years$2,338$1,782$1,341$998$735$194
26 years$2,224$1,675$1,244$912$662$164
27 years$2,119$1,577$1,155$835$597$138
28 years$2,022$1,486$1,074$765$539$117
29 years$1,931$1,401$999$702$487$99
30 years$1,846$1,324$931$644$440$83
31 years$1,767$1,251$868$591$398$70
32 years$1,694$1,184$810$544$360$59
33 years$1,624$1,121$756$500$325$50
34 years$1,559$1,063$706$460$295$42
35 years$1,498$1,008$660$423$267$36
36 years$1,441$957$618$390$242$30
37 years$1,386$909$578$359$219$26
38 years$1,335$863$541$331$199$22
39 years$1,286$821$507$305$180$18
40 years$1,240$781$475$282$163$15
41 years$1,196$744$446$260$148$13
42 years$1,155$708$418$240$135$11
43 years$1,115$675$392$221$122$9
44 years$1,078$643$368$204$111$8
45 years$1,042$613$346$189$101$7
46 years$1,008$585$325$174$91$6
47 years$975$558$305$161$83$5
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 $5,896 every year, while hoping to spend $20,297 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: 68/10/22 Blend
50$907,000$907,000$907,000$907,000
51$1,005,596$957,525$943,466$1,068,017
52$1,086,571$982,848$953,476$1,135,888
53$1,175,125$1,008,731$963,142$1,207,215
54$1,272,010$1,035,181$972,429$1,284,761
55$1,378,053$1,062,203$981,304$1,369,137
56$1,494,166$1,089,803$989,729$1,461,019
57$1,621,353$1,117,985$997,667$1,561,152
58$1,760,718$1,146,754$1,005,076$1,670,354
59$1,913,479$1,176,112$1,011,914$1,789,528
60$2,080,977$1,206,065$1,018,136$1,919,670
61$2,264,687$1,236,613$1,023,694$2,061,874
62$2,466,237$1,267,758$1,028,540$2,217,350
63$2,687,417$1,299,502$1,032,620$2,387,427
64$2,930,200$1,331,845$1,035,879$2,573,571
65$3,196,761$1,364,785$1,038,261$2,777,399
66$3,489,493$1,398,322$1,039,705$3,000,689
67$3,811,033$1,432,451$1,040,147$3,245,405
68$4,164,287$1,467,170$1,039,521$3,513,707
69$4,552,455$1,502,473$1,037,756$3,807,979
70$4,979,064$1,538,353$1,034,780$4,130,843
71$5,447,999$1,574,802$1,030,515$4,485,195
72$5,963,538$1,611,811$1,024,880$4,874,221
73$6,530,398$1,649,368$1,017,793$5,301,434
74$7,153,772$1,687,461$1,009,162$5,770,706
75$7,839,385$1,726,075$998,897$6,286,304
76$8,593,542$1,765,192$986,900$6,852,928
77$9,423,191$1,804,794$973,069$7,475,760
78$10,335,987$1,844,860$957,298$8,160,510
79$11,340,365$1,885,365$939,474$8,913,472
80$12,445,617$1,926,283$919,482$9,741,579
81$13,661,985$1,967,585$897,199$10,652,474
82$15,000,749$2,009,239$872,497$11,654,580
83$16,474,343$2,051,209$845,243$12,757,179
84$18,096,464$2,093,456$815,296$13,970,499
85$19,882,206$2,135,938$782,511$15,305,815
86$21,848,200$2,178,608$746,735$16,775,549
87$24,012,774$2,221,417$707,808$18,393,393
88$26,396,119$2,264,309$665,562$20,174,435
89$29,020,489$2,307,226$619,823$22,135,304
90$31,910,400$2,350,102$570,409$24,294,326
91$35,092,873$2,392,868$517,130$26,671,696
92$38,597,677$2,435,450$459,784$29,289,670
93$42,457,619$2,477,766$398,166$32,172,777
94$46,708,849$2,519,729$332,058$35,348,048
95$51,391,202$2,561,246$261,232$38,845,271
96$56,548,573$2,602,216$185,452$42,697,278
97$62,229,334$2,642,531$104,471$46,940,246
98$68,486,785$2,682,074$18,030$51,614,048
99$75,379,664$2,720,723$0$56,762,625
100$82,972,694$2,758,342$0$62,451,821