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%19.5%
1 years$74,982$74,314$73,662$73,026$72,405$69,642
2 years$37,120$36,428$35,758$35,109$34,479$31,728
3 years$24,501$23,806$23,138$22,495$21,875$19,222
4 years$18,192$17,500$16,839$16,206$15,601$13,067
5 years$14,408$13,720$13,067$12,448$11,860$9,451
6 years$11,887$11,204$10,560$9,955$9,384$7,102
7 years$10,086$9,409$8,776$8,184$7,632$5,476
8 years$8,736$8,065$7,443$6,866$6,331$4,300
9 years$7,687$7,022$6,410$5,848$5,332$3,421
10 years$6,848$6,190$5,589$5,041$4,543$2,750
11 years$6,162$5,510$4,920$4,387$3,907$2,228
12 years$5,591$4,946$4,366$3,848$3,386$1,815
13 years$5,108$4,470$3,901$3,397$2,953$1,487
14 years$4,694$4,063$3,505$3,016$2,588$1,222
15 years$4,336$3,711$3,165$2,690$2,279$1,008
16 years$4,023$3,405$2,869$2,408$2,014$833
17 years$3,747$3,136$2,611$2,164$1,786$691
18 years$3,502$2,898$2,383$1,950$1,588$573
19 years$3,283$2,686$2,182$1,762$1,415$476
20 years$3,086$2,496$2,002$1,596$1,264$396
21 years$2,908$2,325$1,842$1,448$1,131$330
22 years$2,747$2,170$1,698$1,317$1,014$275
23 years$2,599$2,029$1,567$1,199$910$229
24 years$2,465$1,901$1,450$1,094$818$191
25 years$2,341$1,784$1,343$999$736$160
26 years$2,227$1,677$1,245$913$663$134
27 years$2,121$1,578$1,156$836$598$112
28 years$2,024$1,487$1,075$766$539$93
29 years$1,933$1,403$1,000$702$487$78
30 years$1,848$1,325$932$645$440$65
31 years$1,769$1,253$869$592$398$54
32 years$1,695$1,185$810$544$360$46
33 years$1,626$1,122$757$500$326$38
34 years$1,561$1,064$707$460$295$32
35 years$1,500$1,009$661$424$267$27
36 years$1,442$958$618$390$242$22
37 years$1,388$910$579$360$219$19
38 years$1,336$864$542$331$199$16
39 years$1,288$822$508$306$180$13
40 years$1,241$782$476$282$164$11
41 years$1,198$744$446$260$148$9
42 years$1,156$709$419$240$135$8
43 years$1,116$676$393$222$122$6
44 years$1,079$644$369$205$111$5
45 years$1,043$614$346$189$101$4
46 years$1,009$586$325$175$91$4
47 years$976$559$306$161$83$3
48 years$945$534$287$149$75$3
49 years$915$510$270$138$68$2
50 years$887$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $908,000, adding $2,177 every year, while hoping to spend $48,644 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: 62/13/25 Blend
50$908,000$908,000$908,000$908,000
51$1,002,862$954,738$940,664$1,058,262
52$1,053,397$949,763$920,419$1,091,091
53$1,107,456$942,914$897,866$1,121,393
54$1,165,348$934,048$872,875$1,153,412
55$1,227,409$923,013$845,313$1,187,324
56$1,294,012$909,648$815,038$1,223,325
57$1,365,563$893,782$781,904$1,261,630
58$1,442,508$875,235$745,755$1,302,481
59$1,525,338$853,815$706,432$1,346,146
60$1,614,591$829,320$663,765$1,392,921
61$1,710,858$801,536$617,580$1,443,135
62$1,814,789$770,234$567,693$1,497,155
63$1,927,097$735,176$513,911$1,555,385
64$2,048,568$696,107$456,034$1,618,276
65$2,180,064$652,758$393,853$1,686,326
66$2,322,532$604,845$327,149$1,760,088
67$2,477,016$552,067$255,693$1,840,174
68$2,644,660$494,108$179,248$1,927,262
69$2,826,727$430,630$97,564$2,022,104
70$3,024,602$361,280$10,381$2,125,533
71$3,239,811$285,682$0$2,238,468
72$3,474,032$203,441$0$2,383,980
73$3,729,113$114,139$0$2,545,537
74$4,007,084$17,334$0$2,721,693
75$4,310,183$0$0$2,913,912
76$4,640,872$0$0$3,136,318
77$5,001,858$0$0$3,381,871
78$5,396,125$0$0$3,650,129
79$5,826,956$0$0$3,943,333
80$6,297,965$0$0$4,263,952
81$6,813,131$0$0$4,614,704
82$7,376,837$0$0$4,998,581
83$7,993,907$0$0$5,418,878
84$8,669,654$0$0$5,879,225
85$9,409,929$0$0$6,383,617
86$10,221,175$0$0$6,936,456
87$11,110,488$0$0$7,542,588
88$12,085,684$0$0$8,207,351
89$13,155,371$0$0$8,936,627
90$14,329,029$0$0$9,736,890
91$15,617,103$0$0$10,615,275
92$17,031,095$0$0$11,579,641
93$18,583,678$0$0$12,638,641
94$20,288,809$0$0$13,801,814
95$22,161,866$0$0$15,079,661
96$24,219,788$0$0$16,483,756
97$26,481,237$0$0$18,026,847
98$28,966,771$0$0$19,722,978
99$31,699,040$0$0$21,587,623
100$34,702,996$0$0$23,637,827