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%12.9%
1 years$71,844$71,204$70,579$69,970$69,375$68,537
2 years$35,566$34,904$34,262$33,639$33,036$32,192
3 years$23,475$22,810$22,170$21,553$20,959$20,136
4 years$17,431$16,768$16,134$15,528$14,948$14,153
5 years$13,805$13,146$12,521$11,927$11,363$10,597
6 years$11,389$10,735$10,118$9,538$8,992$8,256
7 years$9,664$9,015$8,408$7,842$7,313$6,607
8 years$8,371$7,728$7,131$6,578$6,066$5,392
9 years$7,365$6,728$6,142$5,603$5,109$4,465
10 years$6,561$5,931$5,355$4,830$4,353$3,739
11 years$5,904$5,280$4,714$4,204$3,744$3,159
12 years$5,357$4,739$4,184$3,687$3,244$2,688
13 years$4,894$4,282$3,738$3,255$2,829$2,301
14 years$4,498$3,893$3,359$2,890$2,480$1,979
15 years$4,154$3,556$3,032$2,577$2,183$1,710
16 years$3,854$3,263$2,749$2,307$1,930$1,481
17 years$3,590$3,005$2,502$2,073$1,711$1,288
18 years$3,355$2,776$2,284$1,868$1,521$1,122
19 years$3,145$2,573$2,091$1,688$1,356$979
20 years$2,957$2,391$1,919$1,529$1,211$857
21 years$2,786$2,227$1,765$1,388$1,084$750
22 years$2,632$2,079$1,627$1,262$972$658
23 years$2,491$1,945$1,502$1,149$872$578
24 years$2,362$1,822$1,389$1,048$784$508
25 years$2,243$1,710$1,286$957$705$447
26 years$2,134$1,607$1,193$875$635$394
27 years$2,033$1,512$1,108$801$573$347
28 years$1,939$1,425$1,030$734$517$306
29 years$1,852$1,344$958$673$467$270
30 years$1,771$1,270$893$618$422$238
31 years$1,695$1,200$832$567$381$210
32 years$1,624$1,136$777$521$345$186
33 years$1,558$1,075$725$479$312$164
34 years$1,496$1,019$677$441$283$145
35 years$1,437$967$633$406$256$128
36 years$1,382$918$593$374$232$114
37 years$1,330$872$555$345$210$100
38 years$1,280$828$519$318$191$89
39 years$1,234$788$487$293$173$79
40 years$1,189$749$456$270$157$70
41 years$1,147$713$428$249$142$62
42 years$1,108$679$401$230$129$54
43 years$1,070$647$376$212$117$48
44 years$1,034$617$353$196$106$43
45 years$999$588$332$181$97$38
46 years$967$561$312$167$88$33
47 years$935$536$293$154$80$30
48 years$905$511$275$143$72$26
49 years$877$488$259$132$66$23
50 years$849$466$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $870,000, adding $3,530 every year, while hoping to spend $24,736 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: 47/36/17 Blend
50$870,000$870,000$870,000$870,000
51$962,381$916,271$902,786$1,002,832
52$1,034,225$934,850$906,711$1,049,884
53$1,112,568$953,509$909,937$1,098,133
54$1,198,047$972,228$912,417$1,149,972
55$1,291,363$990,982$914,098$1,205,744
56$1,393,286$1,009,745$914,925$1,265,830
57$1,504,668$1,028,489$914,842$1,330,650
58$1,626,442$1,047,183$913,787$1,400,665
59$1,759,639$1,065,795$911,698$1,476,386
60$1,905,392$1,084,288$908,510$1,558,374
61$2,064,949$1,102,625$904,152$1,647,250
62$2,239,685$1,120,765$898,552$1,743,697
63$2,431,113$1,138,663$891,634$1,848,470
64$2,640,901$1,156,272$883,319$1,962,399
65$2,870,885$1,173,541$873,521$2,086,403
66$3,123,086$1,190,416$862,155$2,221,492
67$3,399,732$1,206,837$849,129$2,368,782
68$3,703,276$1,222,743$834,345$2,529,503
69$4,036,419$1,238,067$817,705$2,705,011
70$4,402,138$1,252,737$799,103$2,896,804
71$4,803,712$1,266,676$778,429$3,106,530
72$5,244,752$1,279,805$755,567$3,336,010
73$5,729,237$1,292,035$730,398$3,587,250
74$6,261,548$1,303,274$702,796$3,862,464
75$6,846,516$1,313,424$672,629$4,164,092
76$7,489,458$1,322,379$639,760$4,494,825
77$8,196,235$1,330,028$604,044$4,857,630
78$8,973,303$1,336,252$565,332$5,255,782
79$9,827,775$1,340,923$523,466$5,692,888
80$10,767,488$1,343,909$478,282$6,172,928
81$11,801,076$1,345,064$429,609$6,700,291
82$12,938,052$1,344,239$377,267$7,279,813
83$14,188,898$1,341,271$321,069$7,916,832
84$15,565,161$1,335,989$260,821$8,617,228
85$17,079,567$1,328,212$196,318$9,387,489
86$18,746,135$1,317,746$127,347$10,234,766
87$20,580,313$1,304,388$53,685$11,166,943
88$22,599,123$1,287,921$0$12,192,715
89$24,821,319$1,268,115$0$13,326,187
90$27,267,567$1,244,727$0$14,584,092
91$29,960,639$1,217,498$0$15,968,377
92$32,925,625$1,186,156$0$17,491,936
93$36,190,173$1,150,412$0$19,168,978
94$39,784,748$1,109,960$0$21,015,168
95$43,742,920$1,064,476$0$23,047,768
96$48,101,680$1,013,617$0$25,285,809
97$52,901,788$957,021$0$27,750,265
98$58,188,160$894,304$0$30,464,255
99$64,010,289$825,062$0$33,453,259
100$70,422,713$748,865$0$36,745,363