Can I retire at age 51 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$74,321$73,659$73,013$72,383$71,767$69,221
2 years$36,793$36,107$35,443$34,799$34,175$31,637
3 years$24,285$23,597$22,934$22,296$21,682$19,232
4 years$18,032$17,346$16,690$16,063$15,464$13,120
5 years$14,281$13,599$12,952$12,338$11,755$9,524
6 years$11,782$11,105$10,467$9,867$9,302$7,185
7 years$9,997$9,326$8,698$8,112$7,565$5,562
8 years$8,659$7,994$7,377$6,805$6,276$4,385
9 years$7,619$6,960$6,354$5,796$5,285$3,504
10 years$6,787$6,135$5,539$4,997$4,503$2,829
11 years$6,108$5,462$4,877$4,348$3,873$2,302
12 years$5,541$4,902$4,328$3,814$3,356$1,885
13 years$5,063$4,430$3,867$3,367$2,927$1,551
14 years$4,653$4,027$3,474$2,989$2,565$1,282
15 years$4,298$3,679$3,137$2,666$2,259$1,062
16 years$3,987$3,375$2,844$2,387$1,996$883
17 years$3,714$3,108$2,588$2,145$1,770$735
18 years$3,471$2,872$2,362$1,933$1,574$613
19 years$3,254$2,662$2,163$1,746$1,403$512
20 years$3,059$2,474$1,985$1,582$1,253$429
21 years$2,883$2,304$1,826$1,436$1,121$359
22 years$2,722$2,151$1,683$1,305$1,005$301
23 years$2,577$2,012$1,554$1,189$902$252
24 years$2,443$1,885$1,437$1,084$811$212
25 years$2,320$1,769$1,331$990$730$178
26 years$2,207$1,662$1,234$905$657$149
27 years$2,103$1,564$1,146$829$593$125
28 years$2,006$1,474$1,065$759$535$105
29 years$1,916$1,391$991$696$483$89
30 years$1,832$1,313$924$639$436$75
31 years$1,754$1,242$861$587$394$63
32 years$1,680$1,175$803$539$357$53
33 years$1,612$1,113$750$496$323$44
34 years$1,547$1,054$701$456$292$37
35 years$1,487$1,000$655$420$265$31
36 years$1,429$949$613$387$240$26
37 years$1,375$902$574$356$217$22
38 years$1,324$857$537$329$197$19
39 years$1,276$815$503$303$179$16
40 years$1,230$775$472$279$162$13
41 years$1,187$738$442$258$147$11
42 years$1,146$703$415$238$133$9
43 years$1,107$670$389$220$121$8
44 years$1,069$638$366$203$110$7
45 years$1,034$609$343$187$100$6
46 years$1,000$581$322$173$91$5
47 years$968$554$303$160$82$4
48 years$937$529$285$148$75$3
49 years$907$505$267$136$68$3
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $900,000, adding $5,530 every year, while hoping to spend $20,120 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: 65/21/14 Blend
50$900,000$900,000$900,000$900,000
51$997,504$949,804$935,854$1,058,690
52$1,077,842$974,937$945,798$1,125,415
53$1,165,700$1,000,627$955,400$1,195,451
54$1,261,824$1,026,880$964,629$1,271,480
55$1,367,035$1,053,703$973,449$1,354,085
56$1,482,238$1,081,099$981,824$1,443,912
57$1,608,428$1,109,074$989,717$1,541,669
58$1,746,701$1,137,633$997,087$1,648,136
59$1,898,267$1,166,779$1,003,891$1,764,173
60$2,064,454$1,196,515$1,010,085$1,890,728
61$2,246,728$1,226,844$1,015,623$2,028,844
62$2,446,703$1,257,768$1,020,455$2,179,669
63$2,666,155$1,289,288$1,024,529$2,344,471
64$2,907,043$1,321,403$1,027,791$2,524,643
65$3,171,524$1,354,114$1,030,184$2,721,721
66$3,461,972$1,387,418$1,031,647$2,937,400
67$3,781,005$1,421,313$1,032,119$3,173,543
68$4,131,505$1,455,795$1,031,533$3,432,205
69$4,516,649$1,490,860$1,029,820$3,715,650
70$4,939,935$1,526,500$1,026,907$4,026,372
71$5,405,218$1,562,708$1,022,718$4,367,120
72$5,916,744$1,599,474$1,017,172$4,740,922
73$6,479,192$1,636,788$1,010,188$5,151,114
74$7,097,716$1,674,637$1,001,675$5,601,374
75$7,777,995$1,713,007$991,544$6,095,753
76$8,526,287$1,751,880$979,697$6,638,716
77$9,349,485$1,791,239$966,033$7,235,181
78$10,255,184$1,831,062$950,448$7,890,571
79$11,251,755$1,871,326$932,830$8,610,858
80$12,348,419$1,912,006$913,064$9,402,626
81$13,555,334$1,953,071$891,029$10,273,128
82$14,883,698$1,994,491$866,598$11,230,359
83$16,345,845$2,036,231$839,638$12,283,128
84$17,955,367$2,078,252$810,012$13,441,143
85$19,727,241$2,120,513$777,574$14,715,100
86$21,677,970$2,162,969$742,173$16,116,790
87$23,825,738$2,205,569$703,651$17,659,204
88$26,190,581$2,248,259$661,841$19,356,658
89$28,794,579$2,290,983$616,571$21,224,931
90$31,662,060$2,333,675$567,660$23,281,408
91$34,819,832$2,376,267$514,919$25,545,250
92$38,297,438$2,418,687$458,151$28,037,573
93$42,127,427$2,460,853$397,150$30,781,647
94$46,345,670$2,502,681$331,700$33,803,114
95$50,991,693$2,544,077$261,577$37,130,235
96$56,109,052$2,584,943$186,546$40,794,153
97$61,745,742$2,625,171$106,362$44,829,189
98$67,954,652$2,664,649$20,769$49,273,164
99$74,794,062$2,703,252$0$54,167,760
100$82,328,194$2,740,850$0$59,569,452