Can I retire at age 51 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$71,926$71,286$70,661$70,051$69,455$67,914
2 years$35,607$34,944$34,301$33,678$33,074$31,529
3 years$23,502$22,836$22,195$21,578$20,983$19,483
4 years$17,451$16,787$16,152$15,546$14,965$13,522
5 years$13,821$13,161$12,535$11,941$11,377$9,993
6 years$11,402$10,747$10,130$9,549$9,002$7,680
7 years$9,675$9,025$8,418$7,851$7,321$6,061
8 years$8,380$7,736$7,139$6,586$6,073$4,875
9 years$7,374$6,736$6,149$5,610$5,115$3,977
10 years$6,569$5,937$5,361$4,836$4,358$3,280
11 years$5,911$5,286$4,720$4,208$3,748$2,728
12 years$5,363$4,744$4,189$3,691$3,248$2,285
13 years$4,900$4,287$3,742$3,259$2,832$1,924
14 years$4,503$3,897$3,362$2,893$2,483$1,627
15 years$4,159$3,560$3,036$2,580$2,186$1,381
16 years$3,859$3,266$2,752$2,310$1,932$1,176
17 years$3,594$3,008$2,505$2,076$1,713$1,004
18 years$3,359$2,780$2,286$1,870$1,523$859
19 years$3,149$2,576$2,093$1,690$1,358$736
20 years$2,960$2,394$1,921$1,531$1,213$632
21 years$2,790$2,230$1,767$1,389$1,085$543
22 years$2,635$2,081$1,628$1,263$973$468
23 years$2,494$1,947$1,504$1,150$873$403
24 years$2,364$1,824$1,391$1,049$785$347
25 years$2,246$1,712$1,288$958$706$300
26 years$2,136$1,609$1,194$876$636$259
27 years$2,035$1,514$1,109$802$574$223
28 years$1,941$1,427$1,031$735$518$193
29 years$1,854$1,346$960$674$467$167
30 years$1,773$1,271$894$618$422$144
31 years$1,697$1,202$833$568$382$125
32 years$1,626$1,137$777$522$345$108
33 years$1,560$1,077$726$480$313$93
34 years$1,497$1,020$678$442$283$81
35 years$1,439$968$634$407$256$70
36 years$1,383$919$593$374$232$61
37 years$1,331$873$555$345$210$52
38 years$1,282$829$520$318$191$45
39 years$1,235$788$487$293$173$39
40 years$1,191$750$457$270$157$34
41 years$1,149$714$428$249$142$30
42 years$1,109$680$402$230$129$26
43 years$1,071$648$377$213$117$22
44 years$1,035$618$354$196$106$19
45 years$1,000$589$332$181$97$17
46 years$968$562$312$167$88$14
47 years$936$536$293$155$80$12
48 years$906$512$275$143$72$11
49 years$878$489$259$132$66$9
50 years$850$467$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $871,000, adding $2,900 every year, while hoping to spend $55,459 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: 23/49/28 Blend
50$871,000$871,000$871,000$871,000
51$962,833$916,670$903,170$976,407
52$1,002,034$902,579$874,418$974,304
53$1,043,375$885,939$842,844$967,198
54$1,087,015$866,566$808,296$958,412
55$1,133,129$844,266$770,612$947,846
56$1,181,907$818,833$729,626$935,391
57$1,233,555$790,050$685,162$920,940
58$1,288,302$757,686$637,039$904,378
59$1,346,393$721,497$585,064$885,588
60$1,408,100$681,226$529,039$864,447
61$1,473,720$636,599$468,755$840,830
62$1,543,575$587,328$403,994$814,609
63$1,618,020$533,108$334,529$785,651
64$1,697,445$473,617$260,122$753,820
65$1,782,275$408,515$180,526$718,977
66$1,872,975$337,440$95,482$680,981
67$1,970,057$260,013$4,719$639,687
68$2,074,081$175,833$0$594,951
69$2,185,664$84,474$0$574,152
70$2,305,478$0$0$552,909
71$2,434,265$0$0$537,578
72$2,572,838$0$0$570,199
73$2,722,089$0$0$605,448
74$2,882,998$0$0$643,571
75$3,056,643$0$0$684,837
76$3,244,206$0$0$729,545
77$3,446,988$0$0$778,021
78$3,666,417$0$0$830,625
79$3,904,065$0$0$887,751
80$4,161,659$0$0$949,835
81$4,441,098$0$0$1,017,355
82$4,744,471$0$0$1,090,837
83$5,074,075$0$0$1,170,860
84$5,432,437$0$0$1,258,061
85$5,822,337$0$0$1,353,142
86$6,246,835$0$0$1,456,873
87$6,709,295$0$0$1,570,105
88$7,213,424$0$0$1,693,773
89$7,763,296$0$0$1,828,906
90$8,363,400$0$0$1,976,636
91$9,018,673$0$0$2,138,213
92$9,734,555$0$0$2,315,009
93$10,517,029$0$0$2,508,537
94$11,372,687$0$0$2,720,463
95$12,308,784$0$0$2,952,621
96$13,333,309$0$0$3,207,032
97$14,455,061$0$0$3,485,919
98$15,683,726$0$0$3,791,734
99$17,029,974$0$0$4,127,175
100$18,505,554$0$0$4,495,215