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%
1 years$72,339$71,695$71,066$70,453$69,853$68,696
2 years$35,812$35,145$34,498$33,871$33,264$32,101
3 years$23,637$22,967$22,323$21,702$21,104$19,972
4 years$17,551$16,883$16,245$15,635$15,051$13,959
5 years$13,901$13,237$12,607$12,009$11,442$10,393
6 years$11,468$10,809$10,188$9,604$9,054$8,048
7 years$9,730$9,077$8,466$7,896$7,363$6,402
8 years$8,428$7,781$7,180$6,624$6,108$5,191
9 years$7,416$6,775$6,184$5,642$5,144$4,271
10 years$6,606$5,972$5,392$4,863$4,383$3,553
11 years$5,945$5,316$4,747$4,233$3,770$2,981
12 years$5,394$4,771$4,213$3,713$3,267$2,519
13 years$4,928$4,312$3,764$3,278$2,849$2,141
14 years$4,529$3,919$3,382$2,909$2,497$1,828
15 years$4,183$3,581$3,053$2,595$2,199$1,567
16 years$3,881$3,285$2,768$2,323$1,943$1,348
17 years$3,615$3,025$2,519$2,087$1,723$1,162
18 years$3,378$2,796$2,299$1,881$1,532$1,004
19 years$3,167$2,591$2,105$1,700$1,365$870
20 years$2,977$2,408$1,932$1,540$1,220$755
21 years$2,806$2,243$1,777$1,397$1,091$656
22 years$2,650$2,093$1,638$1,270$978$570
23 years$2,508$1,958$1,512$1,157$878$497
24 years$2,378$1,834$1,399$1,055$789$433
25 years$2,258$1,722$1,295$964$710$378
26 years$2,148$1,618$1,201$881$640$330
27 years$2,047$1,523$1,116$807$577$288
28 years$1,952$1,435$1,037$739$520$252
29 years$1,865$1,354$965$678$470$220
30 years$1,783$1,278$899$622$425$193
31 years$1,707$1,208$838$571$384$168
32 years$1,636$1,143$782$525$347$147
33 years$1,569$1,083$730$483$314$129
34 years$1,506$1,026$682$444$285$113
35 years$1,447$973$638$409$258$99
36 years$1,391$924$597$377$234$87
37 years$1,339$878$558$347$212$76
38 years$1,289$834$523$320$192$67
39 years$1,242$793$490$295$174$58
40 years$1,198$754$459$272$158$51
41 years$1,155$718$431$251$143$45
42 years$1,115$684$404$232$130$39
43 years$1,077$652$379$214$118$34
44 years$1,041$621$356$197$107$30
45 years$1,006$592$334$182$97$27
46 years$973$565$314$168$88$23
47 years$942$539$295$156$80$20
48 years$912$515$277$144$73$18
49 years$883$492$260$133$66$16
50 years$855$470$245$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $876,000, adding $2,844 every year, while hoping to spend $22,887 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: 61/12/27 Blend
50$876,000$876,000$876,000$876,000
51$968,286$921,858$908,280$1,020,169
52$1,042,699$942,677$914,355$1,076,612
53$1,123,936$963,750$919,868$1,135,471
54$1,212,667$985,063$924,773$1,199,231
55$1,309,633$1,006,605$929,027$1,268,375
56$1,415,648$1,028,361$932,582$1,343,436
57$1,531,608$1,050,314$935,387$1,425,000
58$1,658,500$1,072,448$937,390$1,513,713
59$1,797,411$1,094,742$938,537$1,610,290
60$1,949,537$1,117,175$938,769$1,715,514
61$2,116,198$1,139,724$938,025$1,830,254
62$2,298,844$1,162,365$936,243$1,955,463
63$2,499,074$1,185,068$933,355$2,092,194
64$2,718,648$1,207,805$929,291$2,241,608
65$2,959,506$1,230,544$923,978$2,404,983
66$3,223,784$1,253,248$917,339$2,583,730
67$3,513,833$1,275,881$909,294$2,779,402
68$3,832,247$1,298,402$899,757$2,993,714
69$4,181,878$1,320,766$888,642$3,228,554
70$4,565,873$1,342,926$875,854$3,486,004
71$4,987,694$1,364,832$861,297$3,768,360
72$5,451,158$1,386,428$844,870$4,078,151
73$5,960,469$1,407,656$826,466$4,418,167
74$6,520,259$1,428,453$805,975$4,791,482
75$7,135,629$1,448,751$783,279$5,201,485
76$7,812,202$1,468,479$758,258$5,651,913
77$8,556,171$1,487,558$730,783$6,146,884
78$9,374,359$1,505,907$700,723$6,690,936
79$10,274,284$1,523,437$667,938$7,289,074
80$11,264,229$1,540,054$632,282$7,946,814
81$12,353,321$1,555,656$593,603$8,670,235
82$13,551,614$1,570,138$551,744$9,466,040
83$14,870,189$1,583,385$506,537$10,341,615
84$16,321,251$1,595,274$457,809$11,305,102
85$17,918,253$1,605,676$405,380$12,365,477
86$19,676,014$1,614,454$349,059$13,532,633
87$21,610,865$1,621,460$288,650$14,817,474
88$23,740,799$1,626,537$223,946$16,232,017
89$26,085,644$1,629,521$154,732$17,789,511
90$28,667,247$1,630,235$80,783$19,504,557
91$31,509,680$1,628,490$1,863$21,393,249
92$34,639,471$1,624,089$0$23,473,323
93$38,085,847$1,616,820$0$25,788,059
94$41,881,019$1,606,460$0$28,337,392
95$46,060,476$1,592,769$0$31,144,614
96$50,663,327$1,575,497$0$34,235,981
97$55,732,666$1,554,377$0$37,640,427
98$61,315,981$1,529,124$0$41,389,838
99$67,465,599$1,499,439$0$45,519,353
100$74,239,183$1,465,004$0$50,067,692