Can I retire at age 51 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$72,422$71,777$71,147$70,533$69,933$69,088
2 years$35,852$35,185$34,538$33,910$33,302$32,451
3 years$23,664$22,994$22,348$21,727$21,128$20,298
4 years$17,571$16,903$16,264$15,653$15,069$14,266
5 years$13,916$13,252$12,621$12,023$11,455$10,682
6 years$11,481$10,821$10,200$9,615$9,064$8,322
7 years$9,742$9,088$8,476$7,905$7,371$6,661
8 years$8,438$7,790$7,188$6,631$6,115$5,435
9 years$7,424$6,782$6,191$5,648$5,150$4,501
10 years$6,614$5,978$5,398$4,869$4,388$3,769
11 years$5,951$5,322$4,752$4,237$3,774$3,184
12 years$5,400$4,777$4,217$3,717$3,270$2,710
13 years$4,933$4,317$3,768$3,281$2,852$2,320
14 years$4,534$3,924$3,386$2,913$2,500$1,995
15 years$4,188$3,585$3,057$2,598$2,201$1,723
16 years$3,885$3,289$2,771$2,326$1,945$1,493
17 years$3,619$3,029$2,522$2,090$1,725$1,298
18 years$3,382$2,799$2,302$1,883$1,534$1,131
19 years$3,171$2,594$2,107$1,702$1,367$987
20 years$2,981$2,410$1,934$1,541$1,221$864
21 years$2,809$2,245$1,779$1,399$1,093$756
22 years$2,653$2,096$1,640$1,272$979$664
23 years$2,511$1,960$1,514$1,158$879$583
24 years$2,381$1,837$1,400$1,056$790$512
25 years$2,261$1,724$1,297$965$711$451
26 years$2,151$1,620$1,203$882$641$397
27 years$2,049$1,524$1,117$807$577$350
28 years$1,955$1,436$1,038$740$521$309
29 years$1,867$1,355$966$678$471$272
30 years$1,785$1,280$900$623$425$240
31 years$1,709$1,210$839$572$384$212
32 years$1,638$1,145$783$526$348$187
33 years$1,571$1,084$731$483$315$166
34 years$1,508$1,027$683$445$285$146
35 years$1,449$975$638$409$258$129
36 years$1,393$925$597$377$234$114
37 years$1,340$879$559$347$212$101
38 years$1,291$835$524$320$192$90
39 years$1,244$794$490$295$174$79
40 years$1,199$755$460$272$158$70
41 years$1,157$719$431$251$143$62
42 years$1,117$685$404$232$130$55
43 years$1,078$652$379$214$118$49
44 years$1,042$622$356$198$107$43
45 years$1,007$593$334$182$97$38
46 years$974$566$314$169$88$34
47 years$943$540$295$156$80$30
48 years$913$515$277$144$73$26
49 years$884$492$261$133$66$23
50 years$856$470$245$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $877,000, adding $2,173 every year, while hoping to spend $49,333 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: 78/13/9 Blend
50$877,000$877,000$877,000$877,000
51$968,695$922,214$908,621$1,042,730
52$1,015,012$914,913$886,570$1,084,364
53$1,064,400$905,600$862,127$1,123,419
54$1,117,120$894,126$835,159$1,164,814
55$1,173,458$880,330$805,529$1,208,759
56$1,233,728$864,043$773,091$1,255,488
57$1,298,274$845,087$737,695$1,305,258
58$1,367,473$823,271$699,182$1,358,352
59$1,441,738$798,394$657,388$1,415,085
60$1,521,524$770,244$612,139$1,475,801
61$1,607,329$738,596$563,256$1,540,881
62$1,699,701$703,211$510,548$1,610,746
63$1,799,239$663,837$453,821$1,685,861
64$1,906,605$620,209$392,868$1,766,736
65$2,022,523$572,044$327,473$1,853,937
66$2,147,791$519,044$257,414$1,948,088
67$2,283,283$460,895$182,455$2,049,876
68$2,429,963$397,263$102,352$2,160,062
69$2,588,888$327,798$16,850$2,279,484
70$2,761,223$252,128$0$2,409,066
71$2,948,245$169,861$0$2,556,973
72$3,151,364$80,581$0$2,719,378
73$3,372,126$0$0$2,895,933
74$3,612,235$0$0$3,090,348
75$3,873,563$0$0$3,314,516
76$4,158,173$0$0$3,558,682
77$4,468,333$0$0$3,824,793
78$4,806,538$0$0$4,114,997
79$5,175,537$0$0$4,431,654
80$5,578,354$0$0$4,777,363
81$6,018,319$0$0$5,154,985
82$6,499,095$0$0$5,567,670
83$7,024,718$0$0$6,018,886
84$7,599,630$0$0$6,512,450
85$8,228,722$0$0$7,052,566
86$8,917,381$0$0$7,643,864
87$9,671,536$0$0$8,291,439
88$10,497,720$0$0$9,000,906
89$11,403,125$0$0$9,778,447
90$12,395,672$0$0$10,630,869
91$13,484,086$0$0$11,565,671
92$14,677,976$0$0$12,591,113
93$15,987,926$0$0$13,716,291
94$17,425,593$0$0$14,951,224
95$19,003,821$0$0$16,306,951
96$20,736,753$0$0$17,795,629
97$22,639,972$0$0$19,430,651
98$24,730,644$0$0$21,226,771
99$27,027,678$0$0$23,200,243
100$29,551,907$0$0$25,368,972