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%13.8%
1 years$72,587$71,940$71,310$70,694$70,093$68,988
2 years$35,934$35,265$34,616$33,987$33,377$32,268
3 years$23,718$23,046$22,399$21,776$21,176$20,095
4 years$17,611$16,941$16,301$15,688$15,103$14,060
5 years$13,948$13,282$12,650$12,050$11,481$10,478
6 years$11,507$10,846$10,223$9,637$9,085$8,123
7 years$9,764$9,108$8,495$7,923$7,388$6,469
8 years$8,457$7,808$7,205$6,646$6,129$5,252
9 years$7,441$6,798$6,206$5,661$5,162$4,326
10 years$6,629$5,992$5,410$4,880$4,398$3,603
11 years$5,965$5,334$4,763$4,247$3,782$3,027
12 years$5,412$4,788$4,227$3,725$3,278$2,561
13 years$4,945$4,327$3,777$3,289$2,858$2,179
14 years$4,544$3,933$3,393$2,919$2,506$1,863
15 years$4,197$3,593$3,064$2,604$2,206$1,599
16 years$3,894$3,296$2,778$2,331$1,950$1,377
17 years$3,627$3,036$2,528$2,095$1,729$1,190
18 years$3,390$2,805$2,307$1,888$1,537$1,030
19 years$3,178$2,600$2,112$1,706$1,370$893
20 years$2,987$2,416$1,939$1,545$1,224$776
21 years$2,815$2,250$1,783$1,402$1,095$675
22 years$2,659$2,101$1,643$1,275$982$588
23 years$2,516$1,965$1,517$1,161$881$513
24 years$2,386$1,841$1,403$1,059$792$448
25 years$2,266$1,727$1,300$967$713$391
26 years$2,156$1,624$1,205$884$642$342
27 years$2,054$1,528$1,119$809$579$299
28 years$1,959$1,440$1,041$742$522$262
29 years$1,871$1,358$968$680$472$230
30 years$1,789$1,283$902$624$426$201
31 years$1,713$1,213$841$573$385$176
32 years$1,641$1,147$785$527$348$155
33 years$1,574$1,087$733$484$315$136
34 years$1,511$1,030$684$446$286$119
35 years$1,452$977$640$410$259$104
36 years$1,396$927$599$378$234$92
37 years$1,343$881$560$348$212$80
38 years$1,294$837$525$321$193$71
39 years$1,246$796$492$296$175$62
40 years$1,202$757$461$273$158$54
41 years$1,159$721$432$252$144$48
42 years$1,119$686$405$232$130$42
43 years$1,081$654$380$214$118$37
44 years$1,044$623$357$198$107$32
45 years$1,010$594$335$183$97$28
46 years$977$567$315$169$89$25
47 years$945$541$296$156$80$22
48 years$915$517$278$144$73$19
49 years$886$493$261$133$66$17
50 years$858$471$246$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $879,000, adding $2,035 every year, while hoping to spend $47,873 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: 30/40/30 Blend
50$879,000$879,000$879,000$879,000
51$970,757$924,170$910,546$990,902
52$1,018,838$918,518$890,112$1,001,286
53$1,070,218$910,984$867,390$1,008,163
54$1,125,185$901,427$842,252$1,014,630
55$1,184,050$889,693$814,564$1,020,686
56$1,247,159$875,624$784,188$1,026,334
57$1,314,889$859,049$750,977$1,031,583
58$1,387,653$839,788$714,781$1,036,448
59$1,465,907$817,651$675,439$1,040,948
60$1,550,149$792,435$632,786$1,045,113
61$1,640,927$763,928$586,647$1,048,982
62$1,738,844$731,903$536,842$1,052,601
63$1,844,560$696,120$483,181$1,056,030
64$1,958,803$656,327$425,465$1,059,343
65$2,082,370$612,257$363,487$1,062,627
66$2,216,140$563,625$297,032$1,065,986
67$2,361,078$510,134$225,874$1,069,544
68$2,518,244$451,467$149,777$1,073,446
69$2,688,806$387,290$68,496$1,077,863
70$2,874,047$317,250$0$1,082,990
71$3,075,378$240,974$0$1,094,895
72$3,294,352$158,067$0$1,131,778
73$3,532,679$68,115$0$1,172,080
74$3,792,237$0$0$1,216,237
75$4,075,096$0$0$1,277,643
76$4,383,532$0$0$1,377,420
77$4,720,051$0$0$1,486,413
78$5,087,412$0$0$1,605,530
79$5,488,649$0$0$1,735,773
80$5,927,105$0$0$1,878,245
81$6,406,461$0$0$2,034,161
82$6,930,766$0$0$2,204,856
83$7,504,482$0$0$2,391,803
84$8,132,521$0$0$2,596,624
85$8,820,291$0$0$2,821,103
86$9,573,749$0$0$3,067,207
87$10,399,454$0$0$3,337,102
88$11,304,630$0$0$3,633,173
89$12,297,233$0$0$3,958,047
90$13,386,027$0$0$4,314,619
91$14,580,665$0$0$4,706,076
92$15,891,777$0$0$5,135,929
93$17,331,074$0$0$5,608,048
94$18,911,458$0$0$6,126,692
95$20,647,138$0$0$6,696,557
96$22,553,769$0$0$7,322,813
97$24,648,596$0$0$8,011,159
98$26,950,617$0$0$8,767,870
99$29,480,762$0$0$9,599,863
100$32,262,089$0$0$10,514,756