Can I retire at age 51 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$74,982$74,314$73,662$73,026$72,405$71,829
2 years$37,120$36,428$35,758$35,109$34,479$33,897
3 years$24,501$23,806$23,138$22,495$21,875$21,307
4 years$18,192$17,500$16,839$16,206$15,601$15,051
5 years$14,408$13,720$13,067$12,448$11,860$11,329
6 years$11,887$11,204$10,560$9,955$9,384$8,873
7 years$10,086$9,409$8,776$8,184$7,632$7,141
8 years$8,736$8,065$7,443$6,866$6,331$5,861
9 years$7,687$7,022$6,410$5,848$5,332$4,882
10 years$6,848$6,190$5,589$5,041$4,543$4,113
11 years$6,162$5,510$4,920$4,387$3,907$3,497
12 years$5,591$4,946$4,366$3,848$3,386$2,994
13 years$5,108$4,470$3,901$3,397$2,953$2,580
14 years$4,694$4,063$3,505$3,016$2,588$2,234
15 years$4,336$3,711$3,165$2,690$2,279$1,942
16 years$4,023$3,405$2,869$2,408$2,014$1,695
17 years$3,747$3,136$2,611$2,164$1,786$1,483
18 years$3,502$2,898$2,383$1,950$1,588$1,302
19 years$3,283$2,686$2,182$1,762$1,415$1,145
20 years$3,086$2,496$2,002$1,596$1,264$1,009
21 years$2,908$2,325$1,842$1,448$1,131$890
22 years$2,747$2,170$1,698$1,317$1,014$787
23 years$2,599$2,029$1,567$1,199$910$696
24 years$2,465$1,901$1,450$1,094$818$617
25 years$2,341$1,784$1,343$999$736$547
26 years$2,227$1,677$1,245$913$663$486
27 years$2,121$1,578$1,156$836$598$431
28 years$2,024$1,487$1,075$766$539$383
29 years$1,933$1,403$1,000$702$487$341
30 years$1,848$1,325$932$645$440$303
31 years$1,769$1,253$869$592$398$270
32 years$1,695$1,185$810$544$360$241
33 years$1,626$1,122$757$500$326$214
34 years$1,561$1,064$707$460$295$191
35 years$1,500$1,009$661$424$267$170
36 years$1,442$958$618$390$242$152
37 years$1,388$910$579$360$219$136
38 years$1,336$864$542$331$199$121
39 years$1,288$822$508$306$180$108
40 years$1,241$782$476$282$164$96
41 years$1,198$744$446$260$148$86
42 years$1,156$709$419$240$135$77
43 years$1,116$676$393$222$122$68
44 years$1,079$644$369$205$111$61
45 years$1,043$614$346$189$101$55
46 years$1,009$586$325$175$91$49
47 years$976$559$306$161$83$44
48 years$945$534$287$149$75$39
49 years$915$510$270$138$68$35
50 years$887$487$254$127$62$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $908,000, adding $4,346 every year, while hoping to spend $47,757 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: 59/30/11 Blend
50$908,000$908,000$908,000$908,000
51$1,005,099$956,975$942,901$1,061,497
52$1,056,806$953,054$923,675$1,096,040
53$1,112,186$947,340$902,204$1,127,934
54$1,171,565$939,694$878,364$1,161,554
55$1,235,297$929,972$852,021$1,197,071
56$1,303,772$918,016$823,039$1,234,673
57$1,377,421$903,662$791,275$1,274,572
58$1,456,712$886,736$756,577$1,317,001
59$1,542,163$867,053$718,788$1,362,221
60$1,634,342$844,416$677,746$1,410,520
61$1,733,871$818,619$633,277$1,462,219
62$1,841,436$789,441$585,202$1,517,674
63$1,957,790$756,652$533,334$1,577,282
64$2,083,761$720,004$477,477$1,641,479
65$2,220,259$679,239$417,427$1,710,754
66$2,368,284$634,080$352,969$1,785,646
67$2,528,937$584,238$283,881$1,866,754
68$2,703,428$529,405$209,930$1,954,741
69$2,893,087$469,255$130,873$2,050,344
70$3,099,381$403,447$46,456$2,154,378
71$3,323,918$331,617$0$2,267,746
72$3,568,474$253,382$0$2,396,571
73$3,834,997$168,337$0$2,542,991
74$4,125,636$76,055$0$2,702,810
75$4,442,754$0$0$2,877,421
76$4,788,951$0$0$3,076,262
77$5,167,091$0$0$3,320,942
78$5,580,325$0$0$3,588,403
79$6,032,125$0$0$3,880,900
80$6,526,310$0$0$4,200,916
81$7,067,087$0$0$4,551,184
82$7,659,090$0$0$4,934,716
83$8,307,418$0$0$5,354,826
84$9,017,689$0$0$5,815,166
85$9,796,090$0$0$6,319,756
86$10,649,433$0$0$6,873,025
87$11,585,223$0$0$7,479,849
88$12,611,724$0$0$8,145,602
89$13,738,040$0$0$8,876,200
90$14,974,198$0$0$9,678,161
91$16,331,242$0$0$10,558,664
92$17,821,340$0$0$11,525,619
93$19,457,893$0$0$12,587,738
94$21,255,667$0$0$13,754,617
95$23,230,924$0$0$15,036,830
96$25,401,585$0$0$16,446,025
97$27,787,387$0$0$17,995,035
98$30,410,079$0$0$19,697,996
99$33,293,619$0$0$21,570,484
100$36,464,404$0$0$23,629,660