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%18%
1 years$72,174$71,531$70,904$70,292$69,694$67,436
2 years$35,730$35,064$34,419$33,794$33,188$30,934
3 years$23,583$22,915$22,272$21,652$21,056$18,877
4 years$17,511$16,845$16,208$15,599$15,017$12,930
5 years$13,869$13,207$12,578$11,982$11,416$9,426
6 years$11,441$10,784$10,165$9,582$9,033$7,142
7 years$9,708$9,057$8,447$7,878$7,346$5,554
8 years$8,409$7,763$7,164$6,608$6,094$4,400
9 years$7,399$6,759$6,170$5,629$5,132$3,533
10 years$6,591$5,958$5,379$4,852$4,373$2,867
11 years$5,931$5,304$4,736$4,223$3,761$2,345
12 years$5,381$4,761$4,203$3,704$3,259$1,931
13 years$4,916$4,302$3,755$3,270$2,842$1,597
14 years$4,518$3,911$3,374$2,903$2,491$1,327
15 years$4,174$3,572$3,046$2,589$2,194$1,106
16 years$3,872$3,278$2,762$2,318$1,939$925
17 years$3,607$3,019$2,513$2,083$1,719$775
18 years$3,371$2,789$2,294$1,877$1,528$650
19 years$3,160$2,585$2,100$1,696$1,362$546
20 years$2,970$2,402$1,927$1,536$1,217$460
21 years$2,799$2,238$1,773$1,394$1,089$388
22 years$2,644$2,089$1,634$1,268$976$327
23 years$2,502$1,953$1,509$1,154$876$276
24 years$2,372$1,830$1,395$1,053$788$233
25 years$2,253$1,718$1,292$962$709$197
26 years$2,144$1,614$1,199$879$638$166
27 years$2,042$1,519$1,113$805$576$141
28 years$1,948$1,432$1,035$737$519$119
29 years$1,861$1,351$963$676$469$101
30 years$1,779$1,275$897$620$424$85
31 years$1,703$1,206$836$570$383$72
32 years$1,632$1,141$780$524$346$61
33 years$1,565$1,080$728$482$314$52
34 years$1,503$1,024$681$443$284$44
35 years$1,444$971$636$408$257$37
36 years$1,388$922$595$376$233$31
37 years$1,336$876$557$346$211$27
38 years$1,286$832$522$319$191$23
39 years$1,239$791$489$294$174$19
40 years$1,195$753$458$271$157$16
41 years$1,153$717$430$250$143$14
42 years$1,113$682$403$231$130$12
43 years$1,075$650$378$213$118$10
44 years$1,038$620$355$197$107$8
45 years$1,004$591$333$182$97$7
46 years$971$564$313$168$88$6
47 years$940$538$294$155$80$5
48 years$910$514$276$143$73$4
49 years$881$490$260$133$66$4
50 years$853$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $874,000, adding $6,419 every year, while hoping to spend $43,393 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: 82/9/9 Blend
50$874,000$874,000$874,000$874,000
51$969,769$923,447$909,900$1,047,536
52$1,022,516$922,526$894,212$1,098,462
53$1,079,188$920,106$876,544$1,147,934
54$1,140,141$916,067$856,784$1,200,930
55$1,205,764$910,282$834,814$1,257,781
56$1,276,484$902,618$810,513$1,318,848
57$1,352,771$892,932$783,751$1,384,530
58$1,435,141$881,073$754,394$1,455,267
59$1,524,161$866,881$722,301$1,531,544
60$1,620,454$850,187$687,327$1,613,893
61$1,724,705$830,811$649,317$1,702,903
62$1,837,667$808,563$608,111$1,799,222
63$1,960,168$783,241$563,542$1,903,563
64$2,093,118$754,633$515,434$2,016,713
65$2,237,519$722,514$463,604$2,139,539
66$2,394,473$686,643$407,861$2,272,995
67$2,565,190$646,770$348,006$2,418,135
68$2,751,005$602,628$283,830$2,576,119
69$2,953,385$553,933$215,115$2,748,226
70$3,173,943$500,389$141,635$2,935,865
71$3,414,456$441,679$63,151$3,140,591
72$3,676,880$377,471$0$3,364,117
73$3,963,367$307,412$0$3,610,307
74$4,276,287$231,131$0$3,885,867
75$4,618,246$148,235$0$4,187,043
76$4,992,118$58,309$0$4,516,393
77$5,401,063$0$0$4,876,731
78$5,848,562$0$0$5,275,030
79$6,338,449$0$0$5,717,398
80$6,874,945$0$0$6,201,873
81$7,462,697$0$0$6,732,655
82$8,106,825$0$0$7,314,371
83$8,812,966$0$0$7,952,113
84$9,587,330$0$0$8,651,493
85$10,436,756$0$0$9,418,689
86$11,368,775$0$0$10,260,510
87$12,391,686$0$0$11,184,451
88$13,514,628$0$0$12,198,771
89$14,747,668$0$0$13,312,567
90$16,101,897$0$0$14,535,861
91$17,589,530$0$0$15,879,691
92$19,224,028$0$0$17,356,218
93$21,020,215$0$0$18,978,840
94$22,994,427$0$0$20,762,317
95$25,164,658$0$0$22,722,909
96$27,550,734$0$0$24,878,531
97$30,174,497$0$0$27,248,920
98$33,060,012$0$0$29,855,821
99$36,233,792$0$0$32,723,192
100$39,725,051$0$0$35,877,431