Can I retire at age 51 with 874,000?

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 $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%14.4%
1 years$72,174$71,531$70,904$70,292$69,694$68,427
2 years$35,730$35,064$34,419$33,794$33,188$31,915
3 years$23,583$22,915$22,272$21,652$21,056$19,818
4 years$17,511$16,845$16,208$15,599$15,017$13,824
5 years$13,869$13,207$12,578$11,982$11,416$10,270
6 years$11,441$10,784$10,165$9,582$9,033$7,936
7 years$9,708$9,057$8,447$7,878$7,346$6,299
8 years$8,409$7,763$7,164$6,608$6,094$5,096
9 years$7,399$6,759$6,170$5,629$5,132$4,182
10 years$6,591$5,958$5,379$4,852$4,373$3,470
11 years$5,931$5,304$4,736$4,223$3,761$2,905
12 years$5,381$4,761$4,203$3,704$3,259$2,448
13 years$4,916$4,302$3,755$3,270$2,842$2,075
14 years$4,518$3,911$3,374$2,903$2,491$1,767
15 years$4,174$3,572$3,046$2,589$2,194$1,511
16 years$3,872$3,278$2,762$2,318$1,939$1,295
17 years$3,607$3,019$2,513$2,083$1,719$1,114
18 years$3,371$2,789$2,294$1,877$1,528$960
19 years$3,160$2,585$2,100$1,696$1,362$829
20 years$2,970$2,402$1,927$1,536$1,217$717
21 years$2,799$2,238$1,773$1,394$1,089$621
22 years$2,644$2,089$1,634$1,268$976$539
23 years$2,502$1,953$1,509$1,154$876$468
24 years$2,372$1,830$1,395$1,053$788$406
25 years$2,253$1,718$1,292$962$709$353
26 years$2,144$1,614$1,199$879$638$308
27 years$2,042$1,519$1,113$805$576$268
28 years$1,948$1,432$1,035$737$519$233
29 years$1,861$1,351$963$676$469$203
30 years$1,779$1,275$897$620$424$177
31 years$1,703$1,206$836$570$383$155
32 years$1,632$1,141$780$524$346$135
33 years$1,565$1,080$728$482$314$118
34 years$1,503$1,024$681$443$284$103
35 years$1,444$971$636$408$257$90
36 years$1,388$922$595$376$233$78
37 years$1,336$876$557$346$211$68
38 years$1,286$832$522$319$191$60
39 years$1,239$791$489$294$174$52
40 years$1,195$753$458$271$157$46
41 years$1,153$717$430$250$143$40
42 years$1,113$682$403$231$130$35
43 years$1,075$650$378$213$118$30
44 years$1,038$620$355$197$107$27
45 years$1,004$591$333$182$97$23
46 years$971$564$313$168$88$20
47 years$940$538$294$155$80$18
48 years$910$514$276$143$73$15
49 years$881$490$260$133$66$14
50 years$853$469$244$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $874,000, adding $3,190 every year, while hoping to spend $58,165 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: 31/46/23 Blend
50$874,000$874,000$874,000$874,000
51$966,438$920,116$906,569$989,440
52$1,003,128$903,315$875,052$990,407
53$1,041,611$883,741$840,530$986,023
54$1,082,007$861,197$802,841$980,110
55$1,124,451$835,474$761,814$972,573
56$1,169,083$806,351$717,274$963,313
57$1,216,062$773,594$669,034$952,225
58$1,265,556$736,956$616,902$939,202
59$1,317,750$696,174$560,676$924,134
60$1,372,846$650,972$500,144$906,905
61$1,431,063$601,056$435,086$887,397
62$1,492,641$546,118$365,271$865,487
63$1,557,841$485,829$290,459$841,050
64$1,626,951$419,844$210,398$813,958
65$1,700,281$347,797$124,828$784,078
66$1,778,173$269,303$33,473$751,276
67$1,861,000$183,953$0$715,414
68$1,949,172$91,316$0$692,066
69$2,043,136$0$0$675,166
70$2,143,381$0$0$661,015
71$2,250,444$0$0$695,346
72$2,364,913$0$0$732,138
73$2,487,433$0$0$771,607
74$2,618,711$0$0$813,992
75$2,759,523$0$0$859,557
76$2,910,719$0$0$908,589
77$3,073,234$0$0$961,406
78$3,248,092$0$0$1,018,354
79$3,436,419$0$0$1,079,815
80$3,639,452$0$0$1,146,210
81$3,858,548$0$0$1,217,999
82$4,095,200$0$0$1,295,690
83$4,351,048$0$0$1,379,838
84$4,627,894$0$0$1,471,057
85$4,927,719$0$0$1,570,021
86$5,252,701$0$0$1,677,469
87$5,605,235$0$0$1,794,218
88$5,987,955$0$0$1,921,163
89$6,403,760$0$0$2,059,290
90$6,855,834$0$0$2,209,684
91$7,347,686$0$0$2,373,540
92$7,883,171$0$0$2,552,170
93$8,466,536$0$0$2,747,021
94$9,102,452$0$0$2,959,686
95$9,796,059$0$0$3,191,914
96$10,553,017$0$0$3,445,635
97$11,379,554$0$0$3,722,973
98$12,282,526$0$0$4,026,265
99$13,269,483$0$0$4,358,084
100$14,348,736$0$0$4,721,264