Can I retire at age 51 with 908,000?

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 $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%18.3%
1 years$74,982$74,314$73,662$73,026$72,405$69,975
2 years$37,120$36,428$35,758$35,109$34,479$32,055
3 years$24,501$23,806$23,138$22,495$21,875$19,533
4 years$18,192$17,500$16,839$16,206$15,601$13,359
5 years$14,408$13,720$13,067$12,448$11,860$9,723
6 years$11,887$11,204$10,560$9,955$9,384$7,355
7 years$10,086$9,409$8,776$8,184$7,632$5,710
8 years$8,736$8,065$7,443$6,866$6,331$4,515
9 years$7,687$7,022$6,410$5,848$5,332$3,619
10 years$6,848$6,190$5,589$5,041$4,543$2,931
11 years$6,162$5,510$4,920$4,387$3,907$2,393
12 years$5,591$4,946$4,366$3,848$3,386$1,966
13 years$5,108$4,470$3,901$3,397$2,953$1,623
14 years$4,694$4,063$3,505$3,016$2,588$1,346
15 years$4,336$3,711$3,165$2,690$2,279$1,120
16 years$4,023$3,405$2,869$2,408$2,014$934
17 years$3,747$3,136$2,611$2,164$1,786$780
18 years$3,502$2,898$2,383$1,950$1,588$654
19 years$3,283$2,686$2,182$1,762$1,415$548
20 years$3,086$2,496$2,002$1,596$1,264$460
21 years$2,908$2,325$1,842$1,448$1,131$387
22 years$2,747$2,170$1,698$1,317$1,014$326
23 years$2,599$2,029$1,567$1,199$910$274
24 years$2,465$1,901$1,450$1,094$818$231
25 years$2,341$1,784$1,343$999$736$195
26 years$2,227$1,677$1,245$913$663$164
27 years$2,121$1,578$1,156$836$598$139
28 years$2,024$1,487$1,075$766$539$117
29 years$1,933$1,403$1,000$702$487$99
30 years$1,848$1,325$932$645$440$83
31 years$1,769$1,253$869$592$398$70
32 years$1,695$1,185$810$544$360$59
33 years$1,626$1,122$757$500$326$50
34 years$1,561$1,064$707$460$295$42
35 years$1,500$1,009$661$424$267$36
36 years$1,442$958$618$390$242$30
37 years$1,388$910$579$360$219$26
38 years$1,336$864$542$331$199$22
39 years$1,288$822$508$306$180$18
40 years$1,241$782$476$282$164$15
41 years$1,198$744$446$260$148$13
42 years$1,156$709$419$240$135$11
43 years$1,116$676$393$222$122$9
44 years$1,079$644$369$205$111$8
45 years$1,043$614$346$189$101$7
46 years$1,009$586$325$175$91$6
47 years$976$559$306$161$83$5
48 years$945$534$287$149$75$4
49 years$915$510$270$138$68$3
50 years$887$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $908,000, adding $4,643 every year, while hoping to spend $29,217 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: 48/37/15 Blend
50$908,000$908,000$908,000$908,000
51$1,005,405$957,281$943,207$1,049,244
52$1,076,870$973,101$943,718$1,095,853
53$1,154,645$988,717$943,267$1,143,054
54$1,239,343$1,004,089$941,790$1,193,666
55$1,331,638$1,019,171$939,222$1,248,017
56$1,432,272$1,033,918$935,494$1,306,472
57$1,542,063$1,048,279$930,532$1,369,431
58$1,661,909$1,062,200$924,260$1,437,338
59$1,792,799$1,075,623$916,598$1,510,682
60$1,935,824$1,088,488$907,464$1,590,001
61$2,092,182$1,100,728$896,768$1,675,891
62$2,263,194$1,112,274$884,419$1,769,010
63$2,450,315$1,123,050$870,322$1,870,083
64$2,655,144$1,132,976$854,375$1,979,909
65$2,879,445$1,141,968$836,472$2,099,372
66$3,125,159$1,149,936$816,505$2,229,448
67$3,394,424$1,156,782$794,357$2,371,211
68$3,689,595$1,162,404$769,908$2,525,849
69$4,013,266$1,166,693$743,031$2,694,672
70$4,368,291$1,169,533$713,595$2,879,125
71$4,757,818$1,170,802$681,462$3,080,803
72$5,185,311$1,170,367$646,487$3,301,467
73$5,654,588$1,168,090$608,519$3,543,057
74$6,169,853$1,163,823$567,401$3,807,717
75$6,735,737$1,157,410$522,969$4,097,809
76$7,357,344$1,148,684$475,049$4,415,943
77$8,040,292$1,137,469$423,463$4,764,994
78$8,790,776$1,123,579$368,023$5,148,137
79$9,615,615$1,106,815$308,532$5,568,873
80$10,522,326$1,086,967$244,786$6,031,064
81$11,519,188$1,063,813$176,571$6,538,971
82$12,615,322$1,037,117$103,663$7,097,292
83$13,820,780$1,006,630$25,830$7,711,211
84$15,146,633$972,088$0$8,386,444
85$16,605,081$933,212$0$9,138,458
86$18,209,565$889,706$0$9,970,055
87$19,974,897$841,257$0$10,884,807
88$21,917,392$787,535$0$11,891,218
89$24,055,032$728,189$0$12,998,662
90$26,407,626$662,851$0$14,217,475
91$28,997,002$591,129$0$15,559,050
92$31,847,212$512,611$0$17,035,949
93$34,984,758$426,859$0$18,662,022
94$38,438,841$333,413$0$20,452,535
95$42,241,639$231,786$0$22,424,320
96$46,428,606$121,463$0$24,595,930
97$51,038,810$1,902$0$26,987,821
98$56,115,302$0$0$29,622,540
99$61,705,518$0$0$32,576,845
100$67,861,729$0$0$35,831,253