Can I retire at age 51 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$72,092$71,449$70,823$70,211$69,614$67,332
2 years$35,689$35,024$34,380$33,755$33,150$30,872
3 years$23,556$22,889$22,246$21,627$21,031$18,830
4 years$17,491$16,826$16,190$15,581$15,000$12,891
5 years$13,853$13,191$12,564$11,968$11,403$9,393
6 years$11,428$10,772$10,153$9,571$9,023$7,113
7 years$9,697$9,046$8,437$7,869$7,338$5,528
8 years$8,399$7,754$7,156$6,601$6,087$4,377
9 years$7,390$6,751$6,163$5,623$5,126$3,513
10 years$6,584$5,951$5,373$4,847$4,368$2,849
11 years$5,924$5,298$4,730$4,218$3,757$2,329
12 years$5,375$4,755$4,198$3,700$3,255$1,916
13 years$4,911$4,297$3,751$3,266$2,839$1,584
14 years$4,513$3,906$3,370$2,900$2,488$1,315
15 years$4,169$3,568$3,043$2,586$2,191$1,095
16 years$3,868$3,274$2,759$2,315$1,936$915
17 years$3,602$3,015$2,510$2,080$1,717$766
18 years$3,367$2,786$2,292$1,875$1,527$642
19 years$3,156$2,582$2,098$1,694$1,361$539
20 years$2,967$2,399$1,925$1,534$1,215$454
21 years$2,796$2,235$1,771$1,392$1,088$382
22 years$2,641$2,086$1,632$1,266$975$322
23 years$2,499$1,951$1,507$1,153$875$271
24 years$2,370$1,828$1,394$1,052$787$229
25 years$2,251$1,716$1,291$960$708$193
26 years$2,141$1,612$1,197$878$638$163
27 years$2,040$1,517$1,112$804$575$138
28 years$1,946$1,430$1,033$736$519$117
29 years$1,858$1,349$962$675$468$99
30 years$1,777$1,274$896$620$423$83
31 years$1,701$1,204$835$569$383$71
32 years$1,630$1,140$779$523$346$60
33 years$1,563$1,079$728$481$313$51
34 years$1,501$1,023$680$443$284$43
35 years$1,442$970$636$407$257$36
36 years$1,387$921$595$375$233$31
37 years$1,334$875$556$346$211$26
38 years$1,285$831$521$319$191$22
39 years$1,238$790$488$294$173$19
40 years$1,194$752$458$271$157$16
41 years$1,151$716$429$250$143$13
42 years$1,111$682$403$231$129$11
43 years$1,073$649$378$213$118$10
44 years$1,037$619$355$197$107$8
45 years$1,003$590$333$182$97$7
46 years$970$563$313$168$88$6
47 years$938$537$294$155$80$5
48 years$908$513$276$143$73$4
49 years$880$490$259$132$66$4
50 years$852$468$244$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $873,000, adding $3,658 every year, while hoping to spend $48,168 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: 71/9/20 Blend
50$873,000$873,000$873,000$873,000
51$965,819$919,550$906,019$1,029,450
52$1,013,082$913,358$885,120$1,066,121
53$1,063,552$905,248$861,907$1,100,181
54$1,117,504$895,075$836,251$1,136,270
55$1,175,242$882,686$808,017$1,174,583
56$1,237,097$867,918$777,066$1,215,336
57$1,303,434$850,599$743,251$1,258,767
58$1,374,652$830,546$706,418$1,305,140
59$1,451,190$807,566$666,406$1,354,747
60$1,533,528$781,454$623,048$1,407,911
61$1,622,197$751,993$576,168$1,464,988
62$1,717,775$718,955$525,584$1,526,374
63$1,820,900$682,096$471,104$1,592,504
64$1,932,274$641,161$412,527$1,663,863
65$2,052,666$595,878$349,647$1,740,982
66$2,182,922$545,959$282,244$1,824,454
67$2,323,971$491,103$210,090$1,914,929
68$2,476,837$430,988$132,949$2,013,128
69$2,642,643$365,275$50,572$2,119,849
70$2,822,627$293,608$0$2,235,971
71$3,018,148$215,607$0$2,370,435
72$3,230,701$130,874$0$2,528,383
73$3,461,933$38,988$0$2,700,259
74$3,713,655$0$0$2,887,437
75$3,987,857$0$0$3,097,423
76$4,286,734$0$0$3,330,553
77$4,612,699$0$0$3,584,855
78$4,968,406$0$0$3,862,404
79$5,356,779$0$0$4,165,489
80$5,781,037$0$0$4,496,625
81$6,244,722$0$0$4,858,584
82$6,751,734$0$0$5,254,417
83$7,306,368$0$0$5,687,484
84$7,913,353$0$0$6,161,482
85$8,577,894$0$0$6,680,485
86$9,305,726$0$0$7,248,978
87$10,103,163$0$0$7,871,900
88$10,977,159$0$0$8,554,692
89$11,935,372$0$0$9,303,343
90$12,986,236$0$0$10,124,454
91$14,139,042$0$0$11,025,291
92$15,404,024$0$0$12,013,861
93$16,792,451$0$0$13,098,980
94$18,316,740$0$0$14,290,361
95$19,990,568$0$0$15,598,706
96$21,829,001$0$0$17,035,799
97$23,848,634$0$0$18,614,625
98$26,067,752$0$0$20,349,489
99$28,506,496$0$0$22,256,149
100$31,187,057$0$0$24,351,964