Can I retire at age 51 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$74,486$73,823$73,176$72,544$71,927$70,999
2 years$36,874$36,188$35,522$34,877$34,251$33,317
3 years$24,339$23,649$22,985$22,346$21,730$20,820
4 years$18,072$17,385$16,727$16,099$15,498$14,618
5 years$14,313$13,630$12,981$12,366$11,781$10,934
6 years$11,808$11,130$10,491$9,889$9,322$8,509
7 years$10,019$9,347$8,718$8,130$7,581$6,803
8 years$8,678$8,012$7,393$6,820$6,290$5,545
9 years$7,636$6,976$6,368$5,809$5,297$4,586
10 years$6,803$6,149$5,552$5,008$4,513$3,836
11 years$6,121$5,474$4,888$4,358$3,881$3,237
12 years$5,554$4,913$4,338$3,823$3,364$2,751
13 years$5,074$4,440$3,875$3,375$2,933$2,352
14 years$4,663$4,036$3,482$2,996$2,571$2,020
15 years$4,307$3,687$3,144$2,672$2,264$1,742
16 years$3,996$3,383$2,850$2,392$2,001$1,508
17 years$3,722$3,115$2,594$2,149$1,774$1,309
18 years$3,479$2,879$2,368$1,937$1,577$1,139
19 years$3,261$2,668$2,168$1,750$1,406$993
20 years$3,066$2,479$1,989$1,585$1,256$867
21 years$2,889$2,309$1,830$1,439$1,124$758
22 years$2,729$2,156$1,686$1,308$1,007$664
23 years$2,582$2,016$1,557$1,191$904$582
24 years$2,448$1,889$1,440$1,087$813$511
25 years$2,325$1,773$1,334$992$731$449
26 years$2,212$1,666$1,237$907$659$395
27 years$2,107$1,568$1,149$830$594$348
28 years$2,010$1,477$1,068$761$536$306
29 years$1,920$1,394$994$698$484$269
30 years$1,836$1,316$926$640$437$237
31 years$1,758$1,244$863$588$395$209
32 years$1,684$1,177$805$541$358$185
33 years$1,615$1,115$752$497$324$163
34 years$1,551$1,057$702$457$293$144
35 years$1,490$1,002$657$421$265$127
36 years$1,433$951$614$388$240$112
37 years$1,379$904$575$357$218$99
38 years$1,327$859$538$329$198$87
39 years$1,279$817$504$304$179$77
40 years$1,233$777$473$280$163$68
41 years$1,190$740$443$258$147$60
42 years$1,148$704$416$238$134$53
43 years$1,109$671$390$220$121$47
44 years$1,072$640$366$203$110$42
45 years$1,036$610$344$188$100$37
46 years$1,002$582$323$173$91$32
47 years$970$555$304$160$82$29
48 years$939$530$285$148$75$25
49 years$909$506$268$137$68$22
50 years$881$484$252$126$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $902,000, adding $4,549 every year, while hoping to spend $48,523 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: 75/18/7 Blend
50$902,000$902,000$902,000$902,000
51$998,696$950,890$936,909$1,072,339
52$1,048,935$945,856$916,668$1,116,384
53$1,102,672$938,948$894,122$1,158,005
54$1,160,213$930,025$869,143$1,202,217
55$1,221,892$918,934$841,597$1,249,260
56$1,288,078$905,515$811,343$1,299,396
57$1,359,174$889,597$778,235$1,352,918
58$1,435,623$871,000$742,119$1,410,144
59$1,517,910$849,532$702,833$1,471,431
60$1,606,570$824,993$660,212$1,537,169
61$1,702,189$797,166$614,078$1,607,789
62$1,805,411$765,827$564,248$1,683,768
63$1,916,945$730,733$510,532$1,765,632
64$2,037,567$691,633$452,729$1,853,963
65$2,168,133$648,258$390,630$1,949,400
66$2,309,583$600,323$324,016$2,052,652
67$2,462,951$547,529$252,661$2,164,499
68$2,629,372$489,558$176,325$2,285,805
69$2,810,098$426,076$94,762$2,417,521
70$3,006,501$356,727$7,710$2,560,698
71$3,220,096$281,139$0$2,716,496
72$3,452,546$198,915$0$2,892,559
73$3,705,682$109,637$0$3,084,965
74$3,981,519$12,867$0$3,294,719
75$4,282,273$0$0$3,523,567
76$4,610,385$0$0$3,791,627
77$4,968,541$0$0$4,087,050
78$5,359,698$0$0$4,409,728
79$5,787,111$0$0$4,762,353
80$6,254,363$0$0$5,147,884
81$6,765,398$0$0$5,569,583
82$7,324,562$0$0$6,031,038
83$7,936,636$0$0$6,536,202
84$8,606,889$0$0$7,089,428
85$9,341,120$0$0$7,695,509
86$10,145,717$0$0$8,359,723
87$11,027,715$0$0$9,087,884
88$11,994,861$0$0$9,886,395
89$13,055,690$0$0$10,762,308
90$14,219,599$0$0$11,723,390
91$15,496,942$0$0$12,778,198
92$16,899,123$0$0$13,936,154
93$18,438,704$0$0$15,207,642
94$20,129,522$0$0$16,604,097
95$21,986,820$0$0$18,138,116
96$24,027,391$0$0$19,823,577
97$26,269,735$0$0$21,675,770
98$28,734,232$0$0$23,711,538
99$31,443,335$0$0$25,949,436
100$34,421,780$0$0$28,409,909