Can I retire at age 51 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$72,339$71,695$71,066$70,453$69,853$68,640
2 years$35,812$35,145$34,498$33,871$33,264$32,045
3 years$23,637$22,967$22,323$21,702$21,104$19,918
4 years$17,551$16,883$16,245$15,635$15,051$13,907
5 years$13,901$13,237$12,607$12,009$11,442$10,343
6 years$11,468$10,809$10,188$9,604$9,054$8,001
7 years$9,730$9,077$8,466$7,896$7,363$6,357
8 years$8,428$7,781$7,180$6,624$6,108$5,149
9 years$7,416$6,775$6,184$5,642$5,144$4,231
10 years$6,606$5,972$5,392$4,863$4,383$3,515
11 years$5,945$5,316$4,747$4,233$3,770$2,946
12 years$5,394$4,771$4,213$3,713$3,267$2,486
13 years$4,928$4,312$3,764$3,278$2,849$2,110
14 years$4,529$3,919$3,382$2,909$2,497$1,799
15 years$4,183$3,581$3,053$2,595$2,199$1,540
16 years$3,881$3,285$2,768$2,323$1,943$1,323
17 years$3,615$3,025$2,519$2,087$1,723$1,139
18 years$3,378$2,796$2,299$1,881$1,532$983
19 years$3,167$2,591$2,105$1,700$1,365$850
20 years$2,977$2,408$1,932$1,540$1,220$737
21 years$2,806$2,243$1,777$1,397$1,091$639
22 years$2,650$2,093$1,638$1,270$978$555
23 years$2,508$1,958$1,512$1,157$878$483
24 years$2,378$1,834$1,399$1,055$789$420
25 years$2,258$1,722$1,295$964$710$366
26 years$2,148$1,618$1,201$881$640$319
27 years$2,047$1,523$1,116$807$577$278
28 years$1,952$1,435$1,037$739$520$243
29 years$1,865$1,354$965$678$470$212
30 years$1,783$1,278$899$622$425$185
31 years$1,707$1,208$838$571$384$162
32 years$1,636$1,143$782$525$347$141
33 years$1,569$1,083$730$483$314$123
34 years$1,506$1,026$682$444$285$108
35 years$1,447$973$638$409$258$94
36 years$1,391$924$597$377$234$83
37 years$1,339$878$558$347$212$72
38 years$1,289$834$523$320$192$63
39 years$1,242$793$490$295$174$55
40 years$1,198$754$459$272$158$48
41 years$1,155$718$431$251$143$42
42 years$1,115$684$404$232$130$37
43 years$1,077$652$379$214$118$32
44 years$1,041$621$356$197$107$28
45 years$1,006$592$334$182$97$25
46 years$973$565$314$168$88$22
47 years$942$539$295$156$80$19
48 years$912$515$277$144$73$17
49 years$883$492$260$133$66$15
50 years$855$470$245$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $876,000, adding $6,517 every year, while hoping to spend $30,443 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: 58/29/13 Blend
50$876,000$876,000$876,000$876,000
51$972,074$925,646$912,068$1,024,920
52$1,038,835$938,612$910,231$1,074,328
53$1,111,384$951,192$907,313$1,124,214
54$1,190,282$963,337$903,244$1,177,871
55$1,276,141$974,991$897,953$1,235,668
56$1,369,638$986,096$891,365$1,298,008
57$1,471,517$996,590$883,401$1,365,337
58$1,582,596$1,006,408$873,980$1,438,147
59$1,703,775$1,015,477$863,013$1,516,981
60$1,836,048$1,023,722$850,411$1,602,439
61$1,980,505$1,031,065$836,080$1,695,179
62$2,138,347$1,037,418$819,919$1,795,932
63$2,310,898$1,042,691$801,826$1,905,501
64$2,499,614$1,046,787$781,692$2,024,773
65$2,706,099$1,049,604$759,403$2,154,727
66$2,932,118$1,051,031$734,840$2,296,443
67$3,179,616$1,050,954$707,879$2,451,110
68$3,450,734$1,049,248$678,390$2,620,043
69$3,747,831$1,045,783$646,238$2,804,692
70$4,073,502$1,040,419$611,280$3,006,654
71$4,430,609$1,033,009$573,367$3,227,693
72$4,822,301$1,023,396$532,345$3,469,754
73$5,252,049$1,011,416$488,052$3,734,984
74$5,723,674$996,891$440,318$4,025,748
75$6,241,386$979,637$388,966$4,344,657
76$6,809,823$959,454$333,811$4,694,591
77$7,434,092$936,135$274,661$5,078,725
78$8,119,822$909,457$211,314$5,500,561
79$8,873,210$879,187$143,560$5,963,963
80$9,701,087$845,077$71,179$6,473,190
81$10,610,976$806,863$0$7,032,942
82$11,611,165$764,270$0$7,649,240
83$12,710,786$717,001$0$8,337,548
84$13,919,901$664,749$0$9,094,318
85$15,249,592$607,183$0$9,926,536
86$16,712,073$543,957$0$10,841,900
87$18,320,797$474,704$0$11,848,899
88$20,090,591$399,037$0$12,956,891
89$22,037,787$316,545$0$14,176,190
90$24,180,383$226,798$0$15,518,167
91$26,538,208$129,337$0$16,995,358
92$29,133,111$23,680$0$18,621,581
93$31,989,167$0$0$20,412,068
94$35,132,901$0$0$22,412,547
95$38,593,542$0$0$24,623,096
96$42,403,297$0$0$27,056,742
97$46,597,653$0$0$29,736,166
98$51,215,715$0$0$32,686,359
99$56,300,568$0$0$35,934,861
100$61,899,694$0$0$39,512,017