Can I retire at age 51 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$75,064$74,396$73,743$73,107$72,485$71,167
2 years$37,161$36,468$35,798$35,147$34,517$33,194
3 years$24,528$23,833$23,164$22,519$21,899$20,612
4 years$18,212$17,519$16,857$16,224$15,618$14,377
5 years$14,424$13,735$13,082$12,462$11,873$10,681
6 years$11,900$11,216$10,572$9,966$9,395$8,254
7 years$10,097$9,419$8,785$8,193$7,640$6,551
8 years$8,746$8,074$7,451$6,873$6,338$5,300
9 years$7,695$7,030$6,417$5,854$5,338$4,350
10 years$6,855$6,196$5,595$5,047$4,548$3,609
11 years$6,169$5,516$4,926$4,392$3,912$3,021
12 years$5,597$4,951$4,371$3,852$3,390$2,546
13 years$5,113$4,474$3,905$3,401$2,956$2,158
14 years$4,699$4,067$3,509$3,019$2,591$1,838
15 years$4,341$3,715$3,168$2,692$2,281$1,571
16 years$4,027$3,409$2,872$2,411$2,016$1,347
17 years$3,751$3,139$2,614$2,166$1,788$1,159
18 years$3,506$2,901$2,386$1,952$1,590$999
19 years$3,286$2,689$2,184$1,764$1,417$862
20 years$3,089$2,498$2,005$1,598$1,266$746
21 years$2,911$2,327$1,844$1,450$1,133$646
22 years$2,750$2,172$1,699$1,318$1,015$560
23 years$2,602$2,032$1,569$1,201$911$486
24 years$2,467$1,904$1,451$1,095$819$423
25 years$2,344$1,786$1,344$1,000$737$368
26 years$2,229$1,679$1,247$914$664$320
27 years$2,124$1,580$1,158$837$599$278
28 years$2,026$1,489$1,076$767$540$243
29 years$1,935$1,405$1,001$703$488$211
30 years$1,850$1,326$933$645$441$184
31 years$1,771$1,254$870$593$398$161
32 years$1,697$1,187$811$545$360$140
33 years$1,628$1,124$758$501$326$122
34 years$1,563$1,065$708$461$295$107
35 years$1,501$1,010$662$424$267$93
36 years$1,444$959$619$391$242$81
37 years$1,389$911$579$360$220$71
38 years$1,338$865$543$332$199$62
39 years$1,289$823$508$306$181$54
40 years$1,243$783$476$282$164$47
41 years$1,199$745$447$260$149$41
42 years$1,157$710$419$240$135$36
43 years$1,118$676$393$222$122$32
44 years$1,080$645$369$205$111$28
45 years$1,044$615$347$189$101$24
46 years$1,010$586$326$175$92$21
47 years$977$560$306$161$83$18
48 years$946$534$287$149$75$16
49 years$916$510$270$138$69$14
50 years$888$487$254$127$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $909,000, adding $4,562 every year, while hoping to spend $22,748 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: 49/45/6 Blend
50$909,000$909,000$909,000$909,000
51$1,006,424$958,247$944,157$1,053,988
52$1,084,875$980,997$951,583$1,109,690
53$1,170,566$1,004,100$958,495$1,167,353
54$1,264,212$1,027,548$964,852$1,229,440
55$1,366,597$1,051,334$970,610$1,296,372
56$1,478,590$1,075,449$975,725$1,368,608
57$1,601,142$1,099,883$980,149$1,446,656
58$1,735,305$1,124,623$983,830$1,531,074
59$1,882,234$1,149,657$986,716$1,622,477
60$2,043,202$1,174,971$988,751$1,721,542
61$2,219,612$1,200,548$989,878$1,829,016
62$2,413,008$1,226,370$990,034$1,945,720
63$2,625,091$1,252,418$989,156$2,072,558
64$2,857,733$1,278,670$987,176$2,210,530
65$3,112,999$1,305,102$984,024$2,360,732
66$3,393,161$1,331,688$979,625$2,524,376
67$3,700,723$1,358,400$973,901$2,702,794
68$4,038,442$1,385,207$966,772$2,897,458
69$4,409,356$1,412,075$958,152$3,109,985
70$4,816,812$1,438,968$947,951$3,342,161
71$5,264,495$1,465,846$936,076$3,595,951
72$5,756,468$1,492,667$922,429$3,873,523
73$6,297,205$1,519,384$906,908$4,177,264
74$6,891,634$1,545,948$889,403$4,509,807
75$7,545,187$1,572,306$869,804$4,874,051
76$8,263,846$1,598,399$847,993$5,273,192
77$9,054,203$1,624,166$823,846$5,710,754
78$9,923,522$1,649,540$797,235$6,190,619
79$10,879,803$1,674,449$768,024$6,717,065
80$11,931,863$1,698,818$736,073$7,294,809
81$13,089,417$1,722,564$701,236$7,929,048
82$14,363,168$1,745,599$663,357$8,625,512
83$15,764,907$1,767,830$622,276$9,390,513
84$17,307,630$1,789,156$577,824$10,231,011
85$19,005,654$1,809,470$529,827$11,154,675
86$20,874,754$1,828,658$478,100$12,169,959
87$22,932,315$1,846,598$422,452$13,286,180
88$25,197,489$1,863,159$362,682$14,513,607
89$27,691,382$1,878,203$298,581$15,863,559
90$30,437,251$1,891,582$229,931$17,348,509
91$33,460,720$1,903,140$156,504$18,982,208
92$36,790,028$1,912,708$78,061$20,779,810
93$40,456,289$1,920,109$0$22,758,016
94$44,493,790$1,925,153$0$24,935,596
95$48,940,310$1,927,640$0$27,337,836
96$53,837,483$1,927,356$0$29,982,112
97$59,231,184$1,924,073$0$32,893,089
98$65,171,963$1,917,551$0$36,097,949
99$71,715,526$1,907,535$0$39,626,653
100$78,923,258$1,893,752$0$43,512,217