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%14.2%
1 years$72,422$71,777$71,147$70,533$69,933$68,718
2 years$35,852$35,185$34,538$33,910$33,302$32,081
3 years$23,664$22,994$22,348$21,727$21,128$19,940
4 years$17,571$16,903$16,264$15,653$15,069$13,923
5 years$13,916$13,252$12,621$12,023$11,455$10,355
6 years$11,481$10,821$10,200$9,615$9,064$8,010
7 years$9,742$9,088$8,476$7,905$7,371$6,365
8 years$8,438$7,790$7,188$6,631$6,115$5,155
9 years$7,424$6,782$6,191$5,648$5,150$4,236
10 years$6,614$5,978$5,398$4,869$4,388$3,519
11 years$5,951$5,322$4,752$4,237$3,774$2,949
12 years$5,400$4,777$4,217$3,717$3,270$2,489
13 years$4,933$4,317$3,768$3,281$2,852$2,113
14 years$4,534$3,924$3,386$2,913$2,500$1,801
15 years$4,188$3,585$3,057$2,598$2,201$1,542
16 years$3,885$3,289$2,771$2,326$1,945$1,324
17 years$3,619$3,029$2,522$2,090$1,725$1,140
18 years$3,382$2,799$2,302$1,883$1,534$984
19 years$3,171$2,594$2,107$1,702$1,367$851
20 years$2,981$2,410$1,934$1,541$1,221$737
21 years$2,809$2,245$1,779$1,399$1,093$640
22 years$2,653$2,096$1,640$1,272$979$556
23 years$2,511$1,960$1,514$1,158$879$483
24 years$2,381$1,837$1,400$1,056$790$420
25 years$2,261$1,724$1,297$965$711$366
26 years$2,151$1,620$1,203$882$641$319
27 years$2,049$1,524$1,117$807$577$278
28 years$1,955$1,436$1,038$740$521$243
29 years$1,867$1,355$966$678$471$212
30 years$1,785$1,280$900$623$425$185
31 years$1,709$1,210$839$572$384$162
32 years$1,638$1,145$783$526$348$141
33 years$1,571$1,084$731$483$315$124
34 years$1,508$1,027$683$445$285$108
35 years$1,449$975$638$409$258$94
36 years$1,393$925$597$377$234$83
37 years$1,340$879$559$347$212$72
38 years$1,291$835$524$320$192$63
39 years$1,244$794$490$295$174$55
40 years$1,199$755$460$272$158$48
41 years$1,157$719$431$251$143$42
42 years$1,117$685$404$232$130$37
43 years$1,078$652$379$214$118$32
44 years$1,042$622$356$198$107$28
45 years$1,007$593$334$182$97$25
46 years$974$566$314$169$88$22
47 years$943$540$295$156$80$19
48 years$913$515$277$144$73$17
49 years$884$492$261$133$66$15
50 years$856$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 $877,000, adding $5,905 every year, while hoping to spend $39,216 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: 41/38/21 Blend
50$877,000$877,000$877,000$877,000
51$972,545$926,064$912,471$1,006,190
52$1,030,019$929,716$901,313$1,034,418
53$1,092,041$932,232$888,467$1,060,745
54$1,159,034$933,516$873,835$1,088,441
55$1,231,461$933,464$857,314$1,117,653
56$1,309,833$931,967$838,798$1,148,545
57$1,394,712$928,909$818,173$1,181,300
58$1,486,713$924,166$795,322$1,216,122
59$1,586,515$917,607$770,123$1,253,238
60$1,694,864$909,095$742,446$1,292,902
61$1,812,580$898,480$712,158$1,335,397
62$1,940,566$885,608$679,118$1,381,039
63$2,079,814$870,313$643,179$1,430,178
64$2,231,416$852,420$604,186$1,483,204
65$2,396,575$831,743$561,981$1,540,553
66$2,576,613$808,085$516,395$1,602,706
67$2,772,986$781,240$467,252$1,670,202
68$2,987,296$750,986$414,371$1,743,636
69$3,221,307$717,091$357,559$1,823,671
70$3,476,960$679,308$296,617$1,911,043
71$3,756,393$637,377$231,336$2,006,568
72$4,061,958$591,022$161,500$2,111,153
73$4,396,247$539,952$86,879$2,225,804
74$4,762,113$483,858$7,238$2,351,635
75$5,162,697$422,415$0$2,489,881
76$5,601,458$355,279$0$2,659,336
77$6,082,206$282,087$0$2,846,957
78$6,609,136$202,454$0$3,052,865
79$7,186,869$115,976$0$3,278,984
80$7,820,494$22,224$0$3,527,443
81$8,515,617$0$0$3,800,594
82$9,278,412$0$0$4,134,176
83$10,115,679$0$0$4,510,643
84$11,034,910$0$0$4,924,085
85$12,044,356$0$0$5,378,229
86$13,153,108$0$0$5,877,181
87$14,371,181$0$0$6,425,462
88$15,709,604$0$0$7,028,055
89$17,180,533$0$0$7,690,450
90$18,797,356$0$0$8,418,693
91$20,574,824$0$0$9,219,447
92$22,529,187$0$0$10,100,052
93$24,678,352$0$0$11,068,597
94$27,042,043$0$0$12,133,990
95$29,641,996$0$0$13,306,050
96$32,502,156$0$0$14,595,594
97$35,648,908$0$0$16,014,539
98$39,111,322$0$0$17,576,018
99$42,921,429$0$0$19,294,499
100$47,114,519$0$0$21,185,927