Can I retire at age 51 with 874,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$72,174$71,531$70,904$70,292$69,694$67,571
2 years$35,730$35,064$34,419$33,794$33,188$31,067
3 years$23,583$22,915$22,272$21,652$21,056$19,004
4 years$17,511$16,845$16,208$15,599$15,017$13,050
5 years$13,869$13,207$12,578$11,982$11,416$9,539
6 years$11,441$10,784$10,165$9,582$9,033$7,247
7 years$9,708$9,057$8,447$7,878$7,346$5,652
8 years$8,409$7,763$7,164$6,608$6,094$4,491
9 years$7,399$6,759$6,170$5,629$5,132$3,617
10 years$6,591$5,958$5,379$4,852$4,373$2,944
11 years$5,931$5,304$4,736$4,223$3,761$2,416
12 years$5,381$4,761$4,203$3,704$3,259$1,996
13 years$4,916$4,302$3,755$3,270$2,842$1,657
14 years$4,518$3,911$3,374$2,903$2,491$1,381
15 years$4,174$3,572$3,046$2,589$2,194$1,155
16 years$3,872$3,278$2,762$2,318$1,939$969
17 years$3,607$3,019$2,513$2,083$1,719$815
18 years$3,371$2,789$2,294$1,877$1,528$686
19 years$3,160$2,585$2,100$1,696$1,362$579
20 years$2,970$2,402$1,927$1,536$1,217$489
21 years$2,799$2,238$1,773$1,394$1,089$414
22 years$2,644$2,089$1,634$1,268$976$350
23 years$2,502$1,953$1,509$1,154$876$297
24 years$2,372$1,830$1,395$1,053$788$252
25 years$2,253$1,718$1,292$962$709$214
26 years$2,144$1,614$1,199$879$638$181
27 years$2,042$1,519$1,113$805$576$154
28 years$1,948$1,432$1,035$737$519$131
29 years$1,861$1,351$963$676$469$111
30 years$1,779$1,275$897$620$424$94
31 years$1,703$1,206$836$570$383$80
32 years$1,632$1,141$780$524$346$68
33 years$1,565$1,080$728$482$314$58
34 years$1,503$1,024$681$443$284$49
35 years$1,444$971$636$408$257$42
36 years$1,388$922$595$376$233$36
37 years$1,336$876$557$346$211$30
38 years$1,286$832$522$319$191$26
39 years$1,239$791$489$294$174$22
40 years$1,195$753$458$271$157$19
41 years$1,153$717$430$250$143$16
42 years$1,113$682$403$231$130$14
43 years$1,075$650$378$213$118$12
44 years$1,038$620$355$197$107$10
45 years$1,004$591$333$182$97$8
46 years$971$564$313$168$88$7
47 years$940$538$294$155$80$6
48 years$910$514$276$143$73$5
49 years$881$490$260$133$66$4
50 years$853$469$244$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $874,000, adding $2,238 every year, while hoping to spend $42,441 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: 61/13/26 Blend
50$874,000$874,000$874,000$874,000
51$965,456$919,134$905,587$1,017,504
52$1,018,776$919,015$890,768$1,053,017
53$1,076,112$917,468$874,029$1,086,960
54$1,137,829$914,377$855,263$1,123,096
55$1,204,327$909,621$834,354$1,161,648
56$1,276,048$903,072$811,183$1,202,861
57$1,353,473$894,591$785,627$1,247,009
58$1,437,135$884,033$757,553$1,294,393
59$1,527,616$871,245$726,825$1,345,348
60$1,625,560$856,062$693,300$1,400,245
61$1,731,671$838,313$656,829$1,459,496
62$1,846,724$817,814$617,256$1,523,553
63$1,971,574$794,370$574,418$1,592,921
64$2,107,157$767,777$528,144$1,668,157
65$2,254,507$737,818$478,256$1,749,877
66$2,414,757$704,261$424,568$1,838,762
67$2,589,156$666,864$366,885$1,935,567
68$2,779,079$625,370$305,005$2,041,126
69$2,986,039$579,506$238,716$2,156,361
70$3,211,698$528,985$167,796$2,282,294
71$3,457,888$473,502$92,014$2,420,051
72$3,726,625$412,737$11,130$2,570,878
73$4,020,129$346,349$0$2,736,155
74$4,340,842$273,980$0$2,938,263
75$4,691,454$195,250$0$3,162,676
76$5,074,925$109,760$0$3,408,239
77$5,494,515$17,087$0$3,677,085
78$5,953,816$0$0$3,971,566
79$6,456,779$0$0$4,306,180
80$7,007,757$0$0$4,675,482
81$7,611,546$0$0$5,080,249
82$8,273,425$0$0$5,524,032
83$8,999,209$0$0$6,010,736
84$9,795,303$0$0$6,544,666
85$10,668,760$0$0$7,130,564
86$11,627,352$0$0$7,773,651
87$12,679,637$0$0$8,479,680
88$13,835,043$0$0$9,254,987
89$15,103,957$0$0$10,106,552
90$16,497,818$0$0$11,042,064
91$18,029,231$0$0$12,069,996
92$19,712,080$0$0$13,199,678
93$21,561,662$0$0$14,441,391
94$23,594,828$0$0$15,806,463
95$25,830,143$0$0$17,307,372
96$28,288,064$0$0$18,957,866
97$30,991,124$0$0$20,773,092
98$33,964,153$0$0$22,769,739
99$37,234,507$0$0$24,966,195
100$40,832,327$0$0$27,382,718