Can I retire at age 51 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$74,734$74,068$73,419$72,785$72,166$70,680
2 years$36,997$36,308$35,640$34,993$34,365$32,874
3 years$24,420$23,728$23,062$22,420$21,802$20,354
4 years$18,132$17,442$16,783$16,152$15,550$14,155
5 years$14,361$13,675$13,024$12,407$11,821$10,483
6 years$11,847$11,167$10,526$9,922$9,353$8,074
7 years$10,053$9,378$8,747$8,157$7,607$6,387
8 years$8,707$8,038$7,418$6,843$6,310$5,149
9 years$7,661$6,999$6,389$5,829$5,314$4,211
10 years$6,825$6,169$5,570$5,024$4,528$3,481
11 years$6,141$5,492$4,904$4,373$3,894$2,903
12 years$5,572$4,929$4,352$3,835$3,375$2,437
13 years$5,091$4,455$3,888$3,386$2,943$2,058
14 years$4,678$4,049$3,494$3,006$2,580$1,745
15 years$4,322$3,699$3,154$2,681$2,271$1,485
16 years$4,009$3,394$2,860$2,400$2,007$1,269
17 years$3,734$3,126$2,602$2,157$1,780$1,086
18 years$3,490$2,888$2,376$1,944$1,583$932
19 years$3,272$2,677$2,175$1,756$1,411$801
20 years$3,076$2,487$1,996$1,591$1,260$690
21 years$2,899$2,317$1,836$1,443$1,128$595
22 years$2,738$2,163$1,692$1,312$1,011$514
23 years$2,591$2,023$1,562$1,195$907$444
24 years$2,457$1,895$1,445$1,090$815$384
25 years$2,333$1,779$1,338$996$734$332
26 years$2,220$1,672$1,241$910$661$288
27 years$2,114$1,573$1,152$833$596$249
28 years$2,017$1,482$1,071$763$538$216
29 years$1,927$1,398$997$700$486$187
30 years$1,842$1,321$929$643$439$163
31 years$1,763$1,248$866$590$397$141
32 years$1,690$1,181$808$542$359$122
33 years$1,621$1,119$754$499$325$106
34 years$1,556$1,060$705$459$294$92
35 years$1,495$1,006$659$422$266$80
36 years$1,437$955$616$389$241$70
37 years$1,383$907$577$358$219$61
38 years$1,332$862$540$330$198$53
39 years$1,283$819$506$305$180$46
40 years$1,237$779$474$281$163$40
41 years$1,194$742$445$259$148$35
42 years$1,152$707$417$239$134$30
43 years$1,113$673$392$221$122$26
44 years$1,075$642$368$204$111$23
45 years$1,040$612$345$188$100$20
46 years$1,005$584$324$174$91$17
47 years$973$557$305$161$83$15
48 years$942$532$286$149$75$13
49 years$912$508$269$137$68$11
50 years$884$485$253$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $905,000, adding $3,000 every year, while hoping to spend $30,498 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: 75/17/8 Blend
50$905,000$905,000$905,000$905,000
51$1,000,405$952,440$938,412$1,074,000
52$1,069,996$966,659$937,399$1,137,080
53$1,145,664$980,554$935,330$1,202,016
54$1,227,995$994,075$932,138$1,272,302
55$1,317,637$1,007,171$927,751$1,348,459
56$1,415,301$1,019,787$922,095$1,431,058
57$1,521,769$1,031,863$915,092$1,520,730
58$1,637,903$1,043,338$906,661$1,618,168
59$1,764,651$1,054,144$896,717$1,724,139
60$1,903,058$1,064,210$885,169$1,839,483
61$2,054,272$1,073,459$871,925$1,965,131
62$2,219,559$1,081,809$856,885$2,102,104
63$2,400,312$1,089,175$839,948$2,251,531
64$2,598,063$1,095,464$821,006$2,414,654
65$2,814,502$1,100,579$799,946$2,592,841
66$3,051,488$1,104,414$776,651$2,787,602
67$3,311,068$1,106,859$750,998$3,000,598
68$3,595,499$1,107,796$722,858$3,233,663
69$3,907,262$1,107,100$692,096$3,488,815
70$4,249,093$1,104,639$658,571$3,768,279
71$4,624,005$1,100,270$622,138$4,074,508
72$5,035,315$1,093,845$582,641$4,410,206
73$5,486,677$1,085,204$539,920$4,778,350
74$5,982,119$1,074,179$493,808$5,182,226
75$6,526,073$1,060,592$444,128$5,625,450
76$7,123,424$1,044,253$390,699$6,112,013
77$7,779,554$1,024,962$333,327$6,646,308
78$8,500,389$1,002,506$271,815$7,233,183
79$9,292,461$976,660$205,952$7,877,975
80$10,162,962$947,186$135,521$8,586,572
81$11,119,818$913,833$60,295$9,365,459
82$12,171,760$876,332$0$10,221,786
83$13,328,410$834,402$0$11,165,139
84$14,600,364$787,744$0$12,208,102
85$15,999,299$736,042$0$13,355,115
86$17,538,082$678,962$0$14,616,754
87$19,230,886$616,151$0$16,004,670
88$21,093,330$547,236$0$17,531,705
89$23,142,622$471,822$0$19,212,011
90$25,397,721$389,493$0$21,061,184
91$27,879,518$299,808$0$23,096,412
92$30,611,032$202,302$0$25,336,637
93$33,617,627$96,484$0$27,802,734
94$36,927,249$0$0$30,517,708
95$40,570,691$0$0$33,510,312
96$44,581,887$0$0$36,824,892
97$48,998,223$0$0$40,474,300
98$53,860,898$0$0$44,492,585
99$59,215,310$0$0$48,917,267
100$65,111,480$0$0$53,789,690