Can I retire at age 51 with 880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$72,670$72,022$71,391$70,774$70,172$68,062
2 years$35,975$35,305$34,656$34,026$33,415$31,307
3 years$23,745$23,072$22,425$21,801$21,200$19,160
4 years$17,631$16,961$16,319$15,706$15,120$13,164
5 years$13,964$13,297$12,664$12,064$11,494$9,627
6 years$11,520$10,858$10,235$9,648$9,095$7,318
7 years$9,775$9,119$8,505$7,932$7,397$5,711
8 years$8,467$7,816$7,213$6,654$6,136$4,540
9 years$7,450$6,806$6,213$5,668$5,168$3,659
10 years$6,637$5,999$5,416$4,886$4,403$2,980
11 years$5,972$5,340$4,768$4,252$3,787$2,447
12 years$5,418$4,793$4,232$3,729$3,281$2,023
13 years$4,950$4,332$3,781$3,293$2,862$1,680
14 years$4,549$3,937$3,397$2,923$2,508$1,402
15 years$4,202$3,597$3,067$2,607$2,209$1,173
16 years$3,899$3,300$2,781$2,334$1,952$985
17 years$3,631$3,039$2,530$2,097$1,731$829
18 years$3,394$2,808$2,310$1,890$1,539$699
19 years$3,182$2,603$2,115$1,708$1,372$590
20 years$2,991$2,419$1,941$1,547$1,225$499
21 years$2,818$2,253$1,785$1,404$1,096$422
22 years$2,662$2,103$1,645$1,276$983$358
23 years$2,519$1,967$1,519$1,162$882$303
24 years$2,389$1,843$1,405$1,060$793$257
25 years$2,269$1,729$1,301$968$714$219
26 years$2,158$1,625$1,207$885$643$186
27 years$2,056$1,530$1,121$810$579$158
28 years$1,961$1,441$1,042$742$523$134
29 years$1,873$1,360$969$681$472$114
30 years$1,791$1,284$903$625$427$97
31 years$1,715$1,214$842$574$386$83
32 years$1,643$1,149$785$527$349$70
33 years$1,576$1,088$733$485$316$60
34 years$1,513$1,031$685$446$286$51
35 years$1,454$978$641$411$259$43
36 years$1,398$928$599$378$235$37
37 years$1,345$882$561$349$213$31
38 years$1,295$838$525$321$193$27
39 years$1,248$797$492$296$175$23
40 years$1,203$758$461$273$159$19
41 years$1,161$721$433$252$144$17
42 years$1,120$687$406$233$131$14
43 years$1,082$655$381$215$118$12
44 years$1,046$624$357$198$108$10
45 years$1,011$595$336$183$98$9
46 years$978$568$315$169$89$7
47 years$946$542$296$156$80$6
48 years$916$517$278$144$73$5
49 years$887$494$262$133$66$5
50 years$859$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $880,000, adding $4,183 every year, while hoping to spend $38,622 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: 33/44/23 Blend
50$880,000$880,000$880,000$880,000
51$974,075$927,435$913,795$999,241
52$1,032,337$931,786$903,313$1,022,802
53$1,095,247$935,055$891,186$1,044,388
54$1,163,239$937,150$877,318$1,066,869
55$1,236,789$937,969$861,608$1,090,346
56$1,316,421$937,409$843,950$1,114,939
57$1,402,709$935,355$824,236$1,140,776
58$1,496,287$931,690$802,350$1,168,008
59$1,597,851$926,285$778,171$1,196,799
60$1,708,167$919,008$751,575$1,227,336
61$1,828,075$909,714$722,428$1,259,829
62$1,958,503$898,255$690,593$1,294,511
63$2,100,469$884,468$655,927$1,331,646
64$2,255,095$868,185$618,279$1,371,527
65$2,423,615$849,227$577,492$1,414,484
66$2,607,387$827,402$533,401$1,460,882
67$2,807,905$802,509$485,834$1,511,132
68$3,026,815$774,336$434,613$1,565,691
69$3,265,928$742,656$379,550$1,625,069
70$3,527,237$707,230$320,450$1,689,836
71$3,812,937$667,807$257,107$1,760,622
72$4,125,445$624,118$189,309$1,838,135
73$4,467,422$575,881$116,832$1,923,158
74$4,841,798$522,798$39,445$2,016,563
75$5,251,800$464,553$0$2,119,322
76$5,700,979$400,813$0$2,243,098
77$6,193,251$331,224$0$2,389,522
78$6,732,923$255,415$0$2,550,297
79$7,324,743$172,991$0$2,726,968
80$7,973,937$83,539$0$2,921,244
81$8,686,265$0$0$3,135,016
82$9,468,068$0$0$3,376,854
83$10,326,333$0$0$3,686,882
84$11,268,756$0$0$4,027,449
85$12,303,813$0$0$4,401,636
86$13,440,844$0$0$4,812,836
87$14,690,137$0$0$5,264,789
88$16,063,024$0$0$5,761,615
89$17,571,993$0$0$6,307,851
90$19,230,799$0$0$6,908,497
91$21,054,596$0$0$7,569,062
92$23,060,082$0$0$8,295,616
93$25,265,651$0$0$9,094,845
94$27,691,572$0$0$9,974,118
95$30,360,175$0$0$10,941,552
96$33,296,064$0$0$12,006,092
97$36,526,346$0$0$13,177,592
98$40,080,891$0$0$14,466,912
99$43,992,608$0$0$15,886,017
100$48,297,760$0$0$17,448,089