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%17.7%
1 years$75,064$74,396$73,743$73,107$72,485$70,221
2 years$37,161$36,468$35,798$35,147$34,517$32,256
3 years$24,528$23,833$23,164$22,519$21,899$19,712
4 years$18,212$17,519$16,857$16,224$15,618$13,523
5 years$14,424$13,735$13,082$12,462$11,873$9,874
6 years$11,900$11,216$10,572$9,966$9,395$7,494
7 years$10,097$9,419$8,785$8,193$7,640$5,837
8 years$8,746$8,074$7,451$6,873$6,338$4,632
9 years$7,695$7,030$6,417$5,854$5,338$3,727
10 years$6,855$6,196$5,595$5,047$4,548$3,030
11 years$6,169$5,516$4,926$4,392$3,912$2,483
12 years$5,597$4,951$4,371$3,852$3,390$2,048
13 years$5,113$4,474$3,905$3,401$2,956$1,698
14 years$4,699$4,067$3,509$3,019$2,591$1,414
15 years$4,341$3,715$3,168$2,692$2,281$1,181
16 years$4,027$3,409$2,872$2,411$2,016$989
17 years$3,751$3,139$2,614$2,166$1,788$830
18 years$3,506$2,901$2,386$1,952$1,590$699
19 years$3,286$2,689$2,184$1,764$1,417$589
20 years$3,089$2,498$2,005$1,598$1,266$497
21 years$2,911$2,327$1,844$1,450$1,133$419
22 years$2,750$2,172$1,699$1,318$1,015$354
23 years$2,602$2,032$1,569$1,201$911$300
24 years$2,467$1,904$1,451$1,095$819$254
25 years$2,344$1,786$1,344$1,000$737$215
26 years$2,229$1,679$1,247$914$664$182
27 years$2,124$1,580$1,158$837$599$154
28 years$2,026$1,489$1,076$767$540$131
29 years$1,935$1,405$1,001$703$488$111
30 years$1,850$1,326$933$645$441$94
31 years$1,771$1,254$870$593$398$80
32 years$1,697$1,187$811$545$360$68
33 years$1,628$1,124$758$501$326$58
34 years$1,563$1,065$708$461$295$49
35 years$1,501$1,010$662$424$267$42
36 years$1,444$959$619$391$242$35
37 years$1,389$911$579$360$220$30
38 years$1,338$865$543$332$199$25
39 years$1,289$823$508$306$181$22
40 years$1,243$783$476$282$164$18
41 years$1,199$745$447$260$149$16
42 years$1,157$710$419$240$135$13
43 years$1,118$676$393$222$122$11
44 years$1,080$645$369$205$111$10
45 years$1,044$615$347$189$101$8
46 years$1,010$586$326$175$92$7
47 years$977$560$306$161$83$6
48 years$946$534$287$149$75$5
49 years$916$510$270$138$69$4
50 years$888$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $909,000, adding $6,832 every year, while hoping to spend $51,027 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: 77/14/9 Blend
50$909,000$909,000$909,000$909,000
51$1,008,765$960,588$946,499$1,084,465
52$1,057,367$953,365$923,914$1,127,967
53$1,109,216$944,077$898,863$1,168,420
54$1,164,589$932,570$871,208$1,211,301
55$1,223,791$918,680$840,807$1,256,829
56$1,287,154$902,232$807,511$1,305,249
57$1,355,045$883,042$771,163$1,356,829
58$1,427,863$860,915$731,601$1,411,865
59$1,506,049$835,643$688,653$1,470,684
60$1,590,084$807,008$642,142$1,533,648
61$1,680,500$774,779$591,880$1,601,155
62$1,777,877$738,709$537,674$1,673,644
63$1,882,854$698,540$479,320$1,751,601
64$1,996,134$653,996$416,606$1,835,561
65$2,118,487$604,789$349,310$1,926,115
66$2,250,760$550,612$277,199$2,023,917
67$2,393,885$491,139$200,033$2,129,686
68$2,548,886$426,030$117,558$2,244,218
69$2,716,888$354,920$29,512$2,368,390
70$2,899,128$277,429$0$2,503,170
71$3,096,968$193,152$0$2,655,818
72$3,311,905$101,663$0$2,824,750
73$3,545,586$2,510$0$3,008,461
74$3,799,821$0$0$3,208,418
75$4,076,605$0$0$3,442,381
76$4,378,131$0$0$3,697,709
77$4,706,812$0$0$3,976,063
78$5,065,306$0$0$4,279,697
79$5,456,535$0$0$4,611,091
80$5,883,719$0$0$4,972,975
81$6,350,400$0$0$5,368,355
82$6,860,478$0$0$5,800,540
83$7,418,248$0$0$6,273,173
84$8,028,438$0$0$6,790,266
85$8,696,253$0$0$7,356,235
86$9,427,426$0$0$7,975,943
87$10,228,269$0$0$8,654,748
88$11,105,735$0$0$9,398,546
89$12,067,479$0$0$10,213,833
90$13,121,933$0$0$11,107,763
91$14,278,384$0$0$12,088,216
92$15,547,060$0$0$13,163,871
93$16,939,228$0$0$14,344,285
94$18,467,298$0$0$15,639,990
95$20,144,940$0$0$17,062,583
96$21,987,211$0$0$18,624,841
97$24,010,700$0$0$20,340,838
98$26,233,680$0$0$22,226,080
99$28,676,281$0$0$24,297,645
100$31,360,680$0$0$26,574,353