Can I retire at age 51 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$72,257$71,613$70,985$70,372$69,774$67,245
2 years$35,771$35,104$34,459$33,833$33,226$30,705
3 years$23,610$22,941$22,297$21,677$21,080$18,647
4 years$17,531$16,864$16,227$15,617$15,034$12,709
5 years$13,885$13,222$12,593$11,995$11,429$9,216
6 years$11,455$10,797$10,177$9,593$9,043$6,945
7 years$9,719$9,067$8,457$7,887$7,355$5,370
8 years$8,419$7,772$7,172$6,616$6,101$4,229
9 years$7,407$6,767$6,177$5,635$5,138$3,375
10 years$6,599$5,965$5,385$4,858$4,378$2,721
11 years$5,938$5,310$4,741$4,228$3,765$2,212
12 years$5,387$4,766$4,208$3,708$3,263$1,809
13 years$4,922$4,307$3,759$3,274$2,845$1,486
14 years$4,523$3,915$3,378$2,906$2,494$1,226
15 years$4,178$3,576$3,050$2,592$2,196$1,015
16 years$3,877$3,281$2,765$2,321$1,941$842
17 years$3,611$3,022$2,516$2,085$1,721$700
18 years$3,375$2,792$2,297$1,879$1,530$583
19 years$3,164$2,588$2,103$1,698$1,364$487
20 years$2,974$2,405$1,930$1,538$1,218$407
21 years$2,802$2,240$1,775$1,396$1,090$340
22 years$2,647$2,091$1,636$1,269$977$284
23 years$2,505$1,956$1,510$1,156$877$238
24 years$2,375$1,832$1,397$1,054$788$200
25 years$2,256$1,720$1,294$963$709$167
26 years$2,146$1,616$1,200$880$639$140
27 years$2,044$1,521$1,114$806$576$118
28 years$1,950$1,433$1,036$738$520$99
29 years$1,863$1,352$964$677$469$83
30 years$1,781$1,277$898$621$424$70
31 years$1,705$1,207$837$571$383$58
32 years$1,634$1,142$781$524$347$49
33 years$1,567$1,082$729$482$314$41
34 years$1,504$1,025$681$444$284$35
35 years$1,445$972$637$408$257$29
36 years$1,390$923$596$376$233$24
37 years$1,337$877$558$347$211$21
38 years$1,288$833$522$319$192$17
39 years$1,241$792$489$295$174$14
40 years$1,196$754$459$272$158$12
41 years$1,154$717$430$251$143$10
42 years$1,114$683$403$231$130$9
43 years$1,076$651$379$214$118$7
44 years$1,040$620$355$197$107$6
45 years$1,005$592$334$182$97$5
46 years$972$564$313$168$88$4
47 years$941$539$294$155$80$4
48 years$911$514$277$144$73$3
49 years$882$491$260$133$66$3
50 years$854$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $875,000, adding $4,881 every year, while hoping to spend $39,238 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: 59/31/10 Blend
50$875,000$875,000$875,000$875,000
51$969,285$922,910$909,347$1,023,915
52$1,026,403$926,383$898,061$1,064,698
53$1,088,032$928,712$885,082$1,104,288
54$1,154,591$929,799$870,312$1,146,496
55$1,226,539$929,539$853,648$1,191,579
56$1,304,383$927,823$834,982$1,239,819
57$1,388,678$924,535$814,202$1,291,526
58$1,480,036$919,549$791,190$1,347,046
59$1,579,128$912,736$765,823$1,406,761
60$1,686,693$903,954$737,973$1,471,092
61$1,803,545$893,057$707,504$1,540,507
62$1,930,577$879,887$674,276$1,615,521
63$2,068,773$864,279$638,141$1,696,704
64$2,219,215$846,056$598,946$1,784,688
65$2,383,095$825,032$556,530$1,880,168
66$2,561,721$801,010$510,725$1,983,917
67$2,756,538$773,780$461,356$2,096,786
68$2,969,132$743,122$408,238$2,219,716
69$3,201,251$708,802$351,181$2,353,747
70$3,454,817$670,572$289,985$2,500,030
71$3,731,949$628,171$224,440$2,659,834
72$4,034,978$581,321$154,329$2,834,563
73$4,366,470$529,731$79,423$3,025,766
74$4,729,252$473,090$0$3,235,158
75$5,126,436$411,072$0$3,464,684
76$5,561,449$343,331$0$3,725,426
77$6,038,065$269,502$0$4,011,236
78$6,560,441$189,200$0$4,324,690
79$7,133,153$102,019$0$4,668,633
80$7,761,244$7,526$0$5,046,202
81$8,450,265$0$0$5,460,861
82$9,206,335$0$0$5,948,744
83$10,036,189$0$0$6,487,132
84$10,947,248$0$0$7,078,281
85$11,947,688$0$0$7,727,506
86$13,046,513$0$0$8,440,660
87$14,253,643$0$0$9,224,191
88$15,580,006$0$0$10,085,204
89$17,037,643$0$0$11,031,524
90$18,639,814$0$0$12,071,775
91$20,401,134$0$0$13,215,455
92$22,337,701$0$0$14,473,030
93$24,467,250$0$0$15,856,030
94$26,809,323$0$0$17,377,158
95$29,385,449$0$0$19,050,411
96$32,219,350$0$0$20,891,212
97$35,337,162$0$0$22,916,549
98$38,767,680$0$0$25,145,146
99$42,542,634$0$0$27,597,630
100$46,696,984$0$0$30,296,729