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%16.1%
1 years$74,982$74,314$73,662$73,026$72,405$70,598
2 years$37,120$36,428$35,758$35,109$34,479$32,669
3 years$24,501$23,806$23,138$22,495$21,875$20,119
4 years$18,192$17,500$16,839$16,206$15,601$13,914
5 years$14,408$13,720$13,067$12,448$11,860$10,245
6 years$11,887$11,204$10,560$9,955$9,384$7,844
7 years$10,086$9,409$8,776$8,184$7,632$6,166
8 years$8,736$8,065$7,443$6,866$6,331$4,939
9 years$7,687$7,022$6,410$5,848$5,332$4,013
10 years$6,848$6,190$5,589$5,041$4,543$3,295
11 years$6,162$5,510$4,920$4,387$3,907$2,728
12 years$5,591$4,946$4,366$3,848$3,386$2,274
13 years$5,108$4,470$3,901$3,397$2,953$1,906
14 years$4,694$4,063$3,505$3,016$2,588$1,604
15 years$4,336$3,711$3,165$2,690$2,279$1,355
16 years$4,023$3,405$2,869$2,408$2,014$1,148
17 years$3,747$3,136$2,611$2,164$1,786$976
18 years$3,502$2,898$2,383$1,950$1,588$830
19 years$3,283$2,686$2,182$1,762$1,415$708
20 years$3,086$2,496$2,002$1,596$1,264$605
21 years$2,908$2,325$1,842$1,448$1,131$517
22 years$2,747$2,170$1,698$1,317$1,014$442
23 years$2,599$2,029$1,567$1,199$910$379
24 years$2,465$1,901$1,450$1,094$818$325
25 years$2,341$1,784$1,343$999$736$279
26 years$2,227$1,677$1,245$913$663$239
27 years$2,121$1,578$1,156$836$598$206
28 years$2,024$1,487$1,075$766$539$177
29 years$1,933$1,403$1,000$702$487$152
30 years$1,848$1,325$932$645$440$130
31 years$1,769$1,253$869$592$398$112
32 years$1,695$1,185$810$544$360$97
33 years$1,626$1,122$757$500$326$83
34 years$1,561$1,064$707$460$295$71
35 years$1,500$1,009$661$424$267$61
36 years$1,442$958$618$390$242$53
37 years$1,388$910$579$360$219$46
38 years$1,336$864$542$331$199$39
39 years$1,288$822$508$306$180$34
40 years$1,241$782$476$282$164$29
41 years$1,198$744$446$260$148$25
42 years$1,156$709$419$240$135$22
43 years$1,116$676$393$222$122$19
44 years$1,079$644$369$205$111$16
45 years$1,043$614$346$189$101$14
46 years$1,009$586$325$175$91$12
47 years$976$559$306$161$83$10
48 years$945$534$287$149$75$9
49 years$915$510$270$138$68$8
50 years$887$487$254$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $908,000, adding $4,319 every year, while hoping to spend $25,943 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: 27/43/30 Blend
50$908,000$908,000$908,000$908,000
51$1,005,071$956,947$942,873$1,022,775
52$1,079,985$976,234$946,856$1,056,881
53$1,161,671$995,597$950,103$1,090,977
54$1,250,792$1,015,012$952,562$1,127,067
55$1,348,078$1,034,453$954,178$1,165,338
56$1,454,333$1,053,892$954,894$1,205,999
57$1,570,442$1,073,299$954,650$1,249,282
58$1,697,378$1,092,642$953,382$1,295,443
59$1,836,215$1,111,886$951,024$1,344,763
60$1,988,132$1,130,992$947,507$1,397,555
61$2,154,431$1,149,920$942,758$1,454,166
62$2,336,543$1,168,626$936,700$1,514,979
63$2,536,044$1,187,063$929,254$1,580,416
64$2,754,672$1,205,180$920,335$1,650,945
65$2,994,338$1,222,924$909,856$1,727,084
66$3,257,149$1,240,235$897,725$1,809,404
67$3,545,425$1,257,053$883,845$1,898,539
68$3,861,720$1,273,310$868,115$1,995,187
69$4,208,848$1,288,936$850,430$2,100,120
70$4,589,911$1,303,854$830,680$2,214,194
71$5,008,323$1,317,983$808,749$2,338,350
72$5,467,845$1,331,238$784,515$2,473,634
73$5,972,622$1,343,525$757,853$2,621,196
74$6,527,218$1,354,746$728,630$2,782,309
75$7,136,663$1,364,798$696,707$2,958,380
76$7,806,496$1,373,567$661,941$3,150,963
77$8,542,823$1,380,935$624,180$3,361,773
78$9,352,367$1,386,777$583,266$3,592,705
79$10,242,536$1,390,957$539,033$3,845,851
80$11,221,494$1,393,334$491,310$4,123,524
81$12,298,234$1,393,754$439,917$4,428,274
82$13,482,664$1,392,058$384,664$4,762,918
83$14,785,701$1,388,075$325,356$5,130,568
84$16,219,374$1,381,622$261,786$5,534,656
85$17,796,936$1,372,507$193,742$5,978,972
86$19,532,989$1,360,525$120,998$6,467,701
87$21,443,624$1,345,461$43,321$7,005,459
88$23,546,569$1,327,084$0$7,597,342
89$25,861,359$1,305,151$0$8,261,642
90$28,409,518$1,279,404$0$9,007,519
91$31,214,764$1,249,570$0$9,828,024
92$34,303,230$1,215,359$0$10,730,803
93$37,703,714$1,176,466$0$11,724,283
94$41,447,946$1,132,566$0$12,817,761
95$45,570,891$1,083,316$0$14,021,482
96$50,111,077$1,028,354$0$15,346,748
97$55,110,958$967,295$0$16,806,015
98$60,617,317$899,733$0$18,413,019
99$66,681,703$825,239$0$20,182,905
100$73,360,921$743,361$0$22,132,367