Can I retire at age 51 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,844$71,204$70,579$69,970$69,375$68,651
2 years$35,566$34,904$34,262$33,639$33,036$32,306
3 years$23,475$22,810$22,170$21,553$20,959$20,247
4 years$17,431$16,768$16,134$15,528$14,948$14,259
5 years$13,805$13,146$12,521$11,927$11,363$10,699
6 years$11,389$10,735$10,118$9,538$8,992$8,353
7 years$9,664$9,015$8,408$7,842$7,313$6,701
8 years$8,371$7,728$7,131$6,578$6,066$5,481
9 years$7,365$6,728$6,142$5,603$5,109$4,549
10 years$6,561$5,931$5,355$4,830$4,353$3,818
11 years$5,904$5,280$4,714$4,204$3,744$3,234
12 years$5,357$4,739$4,184$3,687$3,244$2,759
13 years$4,894$4,282$3,738$3,255$2,829$2,368
14 years$4,498$3,893$3,359$2,890$2,480$2,042
15 years$4,154$3,556$3,032$2,577$2,183$1,769
16 years$3,854$3,263$2,749$2,307$1,930$1,537
17 years$3,590$3,005$2,502$2,073$1,711$1,340
18 years$3,355$2,776$2,284$1,868$1,521$1,170
19 years$3,145$2,573$2,091$1,688$1,356$1,025
20 years$2,957$2,391$1,919$1,529$1,211$899
21 years$2,786$2,227$1,765$1,388$1,084$790
22 years$2,632$2,079$1,627$1,262$972$695
23 years$2,491$1,945$1,502$1,149$872$612
24 years$2,362$1,822$1,389$1,048$784$540
25 years$2,243$1,710$1,286$957$705$477
26 years$2,134$1,607$1,193$875$635$421
27 years$2,033$1,512$1,108$801$573$372
28 years$1,939$1,425$1,030$734$517$329
29 years$1,852$1,344$958$673$467$291
30 years$1,771$1,270$893$618$422$258
31 years$1,695$1,200$832$567$381$229
32 years$1,624$1,136$777$521$345$203
33 years$1,558$1,075$725$479$312$180
34 years$1,496$1,019$677$441$283$159
35 years$1,437$967$633$406$256$141
36 years$1,382$918$593$374$232$125
37 years$1,330$872$555$345$210$111
38 years$1,280$828$519$318$191$99
39 years$1,234$788$487$293$173$88
40 years$1,189$749$456$270$157$78
41 years$1,147$713$428$249$142$69
42 years$1,108$679$401$230$129$61
43 years$1,070$647$376$212$117$55
44 years$1,034$617$353$196$106$48
45 years$999$588$332$181$97$43
46 years$967$561$312$167$88$38
47 years$935$536$293$154$80$34
48 years$905$511$275$143$72$30
49 years$877$488$259$132$66$27
50 years$849$466$243$122$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $870,000, adding $4,104 every year, while hoping to spend $49,994 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: 48/22/30 Blend
50$870,000$870,000$870,000$870,000
51$962,973$916,863$903,378$1,000,765
52$1,008,003$908,596$880,448$1,019,575
53$1,055,951$898,249$855,074$1,034,799
54$1,107,061$885,666$827,122$1,050,384
55$1,161,601$870,683$796,451$1,066,391
56$1,219,865$853,128$762,913$1,082,889
57$1,282,176$832,815$726,355$1,099,958
58$1,348,885$809,551$686,615$1,117,691
59$1,420,380$783,128$643,526$1,136,192
60$1,497,087$753,329$596,911$1,155,582
61$1,579,469$719,922$546,588$1,175,997
62$1,668,040$682,663$492,363$1,197,591
63$1,763,360$641,293$434,037$1,220,540
64$1,866,046$595,539$371,401$1,245,041
65$1,976,775$545,113$304,235$1,271,320
66$2,096,290$489,708$232,311$1,299,627
67$2,225,409$429,001$155,391$1,330,248
68$2,365,031$362,652$73,227$1,363,501
69$2,516,141$290,300$0$1,399,745
70$2,679,827$211,563$0$1,444,011
71$2,857,279$126,040$0$1,517,435
72$3,049,811$33,306$0$1,597,150
73$3,258,866$0$0$1,683,815
74$3,486,031$0$0$1,794,399
75$3,733,052$0$0$1,923,501
76$4,001,849$0$0$2,064,074
77$4,294,536$0$0$2,217,232
78$4,613,439$0$0$2,384,205
79$4,961,117$0$0$2,566,345
80$5,340,387$0$0$2,765,140
81$5,754,350$0$0$2,982,229
82$6,206,418$0$0$3,219,415
83$6,700,349$0$0$3,478,683
84$7,240,277$0$0$3,762,220
85$7,830,759$0$0$4,072,432
86$8,476,806$0$0$4,411,968
87$9,183,941$0$0$4,783,749
88$9,958,242$0$0$5,190,986
89$10,806,404$0$0$5,637,220
90$11,735,801$0$0$6,126,346
91$12,754,550$0$0$6,662,659
92$13,871,596$0$0$7,250,886
93$15,096,786$0$0$7,896,234
94$16,440,971$0$0$8,604,439
95$17,916,097$0$0$9,381,818
96$19,535,329$0$0$10,235,332
97$21,313,163$0$0$11,172,646
98$23,265,572$0$0$12,202,205
99$25,410,147$0$0$13,333,313
100$27,766,272$0$0$14,576,218