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%11.2%
1 years$71,926$71,286$70,661$70,051$69,455$69,104
2 years$35,607$34,944$34,301$33,678$33,074$32,720
3 years$23,502$22,836$22,195$21,578$20,983$20,637
4 years$17,451$16,787$16,152$15,546$14,965$14,630
5 years$13,821$13,161$12,535$11,941$11,377$11,052
6 years$11,402$10,747$10,130$9,549$9,002$8,689
7 years$9,675$9,025$8,418$7,851$7,321$7,020
8 years$8,380$7,736$7,139$6,586$6,073$5,785
9 years$7,374$6,736$6,149$5,610$5,115$4,838
10 years$6,569$5,937$5,361$4,836$4,358$4,093
11 years$5,911$5,286$4,720$4,208$3,748$3,495
12 years$5,363$4,744$4,189$3,691$3,248$3,006
13 years$4,900$4,287$3,742$3,259$2,832$2,601
14 years$4,503$3,897$3,362$2,893$2,483$2,263
15 years$4,159$3,560$3,036$2,580$2,186$1,977
16 years$3,859$3,266$2,752$2,310$1,932$1,733
17 years$3,594$3,008$2,505$2,076$1,713$1,524
18 years$3,359$2,780$2,286$1,870$1,523$1,344
19 years$3,149$2,576$2,093$1,690$1,358$1,188
20 years$2,960$2,394$1,921$1,531$1,213$1,052
21 years$2,790$2,230$1,767$1,389$1,085$933
22 years$2,635$2,081$1,628$1,263$973$829
23 years$2,494$1,947$1,504$1,150$873$738
24 years$2,364$1,824$1,391$1,049$785$657
25 years$2,246$1,712$1,288$958$706$586
26 years$2,136$1,609$1,194$876$636$523
27 years$2,035$1,514$1,109$802$574$467
28 years$1,941$1,427$1,031$735$518$417
29 years$1,854$1,346$960$674$467$373
30 years$1,773$1,271$894$618$422$334
31 years$1,697$1,202$833$568$382$299
32 years$1,626$1,137$777$522$345$268
33 years$1,560$1,077$726$480$313$240
34 years$1,497$1,020$678$442$283$215
35 years$1,439$968$634$407$256$193
36 years$1,383$919$593$374$232$173
37 years$1,331$873$555$345$210$155
38 years$1,282$829$520$318$191$139
39 years$1,235$788$487$293$173$125
40 years$1,191$750$457$270$157$112
41 years$1,149$714$428$249$142$101
42 years$1,109$680$402$230$129$91
43 years$1,071$648$377$213$117$81
44 years$1,035$618$354$196$106$73
45 years$1,000$589$332$181$97$66
46 years$968$562$312$167$88$59
47 years$936$536$293$155$80$53
48 years$906$512$275$143$72$48
49 years$878$489$259$132$66$43
50 years$850$467$243$122$60$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $871,000, adding $2,512 every year, while hoping to spend $28,052 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: 46/41/13 Blend
50$871,000$871,000$871,000$871,000
51$962,433$916,270$902,770$1,003,062
52$1,030,754$931,320$903,165$1,046,536
53$1,105,104$946,168$902,634$1,090,607
54$1,186,067$960,773$901,115$1,137,796
55$1,274,289$975,093$898,545$1,188,402
56$1,370,477$989,083$894,857$1,242,757
57$1,475,412$1,002,695$889,981$1,301,226
58$1,589,952$1,015,875$883,844$1,364,211
59$1,715,043$1,028,569$876,369$1,432,158
60$1,851,726$1,040,717$867,475$1,505,558
61$2,001,145$1,052,255$857,078$1,584,953
62$2,164,561$1,063,115$845,090$1,670,941
63$2,343,365$1,073,226$831,419$1,764,183
64$2,539,083$1,082,510$815,967$1,865,408
65$2,753,401$1,090,884$798,633$1,975,420
66$2,988,172$1,098,262$779,312$2,095,108
67$3,245,439$1,104,549$757,891$2,225,452
68$3,527,449$1,109,648$734,257$2,367,533
69$3,836,681$1,113,453$708,286$2,522,546
70$4,175,861$1,115,850$679,852$2,691,808
71$4,547,995$1,116,723$648,823$2,876,773
72$4,956,391$1,115,943$615,059$3,079,046
73$5,404,695$1,113,377$578,416$3,300,399
74$5,896,923$1,108,881$538,742$3,542,784
75$6,437,499$1,102,306$495,879$3,808,358
76$7,031,294$1,093,489$449,662$4,099,500
77$7,683,677$1,082,261$399,917$4,418,835
78$8,400,562$1,068,442$346,464$4,769,259
79$9,188,464$1,051,840$289,114$5,153,967
80$10,054,559$1,032,252$227,672$5,576,483
81$11,006,755$1,009,464$161,930$6,040,697
82$12,053,765$983,248$91,675$6,550,897
83$13,205,185$953,363$16,683$7,111,817
84$14,471,591$919,556$0$7,728,675
85$15,864,635$881,555$0$8,416,017
86$17,397,152$839,075$0$9,174,446
87$19,083,287$791,816$0$10,008,685
88$20,938,625$739,457$0$10,926,499
89$22,980,335$681,661$0$11,936,444
90$25,227,338$618,071$0$13,047,959
91$27,700,479$548,310$0$14,271,448
92$30,422,730$471,979$0$15,618,383
93$33,419,400$388,657$0$17,101,415
94$36,718,377$297,899$0$18,734,487
95$40,350,391$199,236$0$20,532,975
96$44,349,302$92,170$0$22,513,830
97$48,752,422$0$0$24,695,741
98$53,600,865$0$0$27,110,058
99$58,939,933$0$0$29,814,608
100$64,819,547$0$0$32,793,110