Can I retire at age 51 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$72,587$71,940$71,310$70,694$70,093$67,795
2 years$35,934$35,265$34,616$33,987$33,377$31,084
3 years$23,718$23,046$22,399$21,776$21,176$18,960
4 years$17,611$16,941$16,301$15,688$15,103$12,980
5 years$13,948$13,282$12,650$12,050$11,481$9,458
6 years$11,507$10,846$10,223$9,637$9,085$7,162
7 years$9,764$9,108$8,495$7,923$7,388$5,566
8 years$8,457$7,808$7,205$6,646$6,129$4,407
9 years$7,441$6,798$6,206$5,661$5,162$3,537
10 years$6,629$5,992$5,410$4,880$4,398$2,868
11 years$5,965$5,334$4,763$4,247$3,782$2,345
12 years$5,412$4,788$4,227$3,725$3,278$1,929
13 years$4,945$4,327$3,777$3,289$2,858$1,595
14 years$4,544$3,933$3,393$2,919$2,506$1,324
15 years$4,197$3,593$3,064$2,604$2,206$1,103
16 years$3,894$3,296$2,778$2,331$1,950$921
17 years$3,627$3,036$2,528$2,095$1,729$771
18 years$3,390$2,805$2,307$1,888$1,537$647
19 years$3,178$2,600$2,112$1,706$1,370$543
20 years$2,987$2,416$1,939$1,545$1,224$457
21 years$2,815$2,250$1,783$1,402$1,095$385
22 years$2,659$2,101$1,643$1,275$982$324
23 years$2,516$1,965$1,517$1,161$881$273
24 years$2,386$1,841$1,403$1,059$792$231
25 years$2,266$1,727$1,300$967$713$195
26 years$2,156$1,624$1,205$884$642$164
27 years$2,054$1,528$1,119$809$579$139
28 years$1,959$1,440$1,041$742$522$117
29 years$1,871$1,358$968$680$472$99
30 years$1,789$1,283$902$624$426$84
31 years$1,713$1,213$841$573$385$71
32 years$1,641$1,147$785$527$348$60
33 years$1,574$1,087$733$484$315$51
34 years$1,511$1,030$684$446$286$43
35 years$1,452$977$640$410$259$36
36 years$1,396$927$599$378$234$31
37 years$1,343$881$560$348$212$26
38 years$1,294$837$525$321$193$22
39 years$1,246$796$492$296$175$19
40 years$1,202$757$461$273$158$16
41 years$1,159$721$432$252$144$13
42 years$1,119$686$405$232$130$11
43 years$1,081$654$380$214$118$10
44 years$1,044$623$357$198$107$8
45 years$1,010$594$335$183$97$7
46 years$977$567$315$169$89$6
47 years$945$541$296$156$80$5
48 years$915$517$278$144$73$4
49 years$886$493$261$133$66$4
50 years$858$471$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $879,000, adding $2,406 every year, while hoping to spend $20,280 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: 37/42/21 Blend
50$879,000$879,000$879,000$879,000
51$971,140$924,553$910,928$1,000,853
52$1,048,618$948,278$919,867$1,046,409
53$1,133,320$972,486$928,425$1,093,513
54$1,225,960$997,180$936,568$1,143,979
55$1,327,326$1,022,360$944,262$1,198,121
56$1,438,286$1,048,027$951,467$1,256,285
57$1,559,794$1,074,184$958,144$1,318,851
58$1,692,902$1,100,828$964,250$1,386,241
59$1,838,768$1,127,959$969,743$1,458,916
60$1,998,668$1,155,574$974,575$1,537,384
61$2,174,007$1,183,672$978,698$1,622,208
62$2,366,332$1,212,248$982,061$1,714,005
63$2,577,347$1,241,298$984,609$1,813,457
64$2,808,930$1,270,815$986,287$1,921,313
65$3,063,148$1,300,792$987,035$2,038,402
66$3,342,279$1,331,221$986,791$2,165,635
67$3,648,832$1,362,091$985,489$2,304,016
68$3,985,571$1,393,392$983,061$2,454,652
69$4,355,541$1,425,110$979,435$2,618,764
70$4,762,097$1,457,231$974,537$2,797,697
71$5,208,933$1,489,738$968,286$2,992,933
72$5,700,121$1,522,612$960,601$3,206,106
73$6,240,147$1,555,833$951,395$3,439,017
74$6,833,952$1,589,379$940,576$3,693,652
75$7,486,980$1,623,223$928,050$3,972,198
76$8,205,229$1,657,339$913,718$4,277,068
77$8,995,310$1,691,696$897,474$4,610,920
78$9,864,503$1,726,260$879,211$4,976,686
79$10,820,831$1,760,995$858,813$5,377,595
80$11,873,134$1,795,863$836,162$5,817,210
81$13,031,152$1,830,819$811,132$6,299,455
82$14,305,618$1,865,817$783,593$6,828,657
83$15,708,355$1,900,806$753,408$7,409,586
84$17,252,394$1,935,732$720,433$8,047,500
85$18,952,091$1,970,536$684,521$8,748,194
86$20,823,266$2,005,154$645,514$9,518,056
87$22,883,350$2,039,517$603,249$10,364,129
88$25,151,550$2,073,551$557,556$11,294,174
89$27,649,030$2,107,177$508,256$12,316,748
90$30,399,111$2,140,310$455,164$13,441,280
91$33,427,493$2,172,857$398,084$14,678,168
92$36,762,491$2,204,721$336,813$16,038,870
93$40,435,308$2,235,796$271,140$17,536,016
94$44,480,329$2,265,969$200,842$19,183,528
95$48,935,442$2,295,120$125,690$20,996,752
96$53,842,397$2,323,121$45,440$22,992,601
97$59,247,200$2,349,833$0$25,189,721
98$65,200,550$2,375,110$0$27,617,667
99$71,758,310$2,398,794$0$30,301,534
100$78,982,042$2,420,720$0$33,256,155