Can I retire at age 51 with 880,000?

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 $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%19.3%
1 years$72,670$72,022$71,391$70,774$70,172$67,548
2 years$35,975$35,305$34,656$34,026$33,415$30,802
3 years$23,745$23,072$22,425$21,801$21,200$18,679
4 years$17,631$16,961$16,319$15,706$15,120$12,711
5 years$13,964$13,297$12,664$12,064$11,494$9,203
6 years$11,520$10,858$10,235$9,648$9,095$6,923
7 years$9,775$9,119$8,505$7,932$7,397$5,344
8 years$8,467$7,816$7,213$6,654$6,136$4,201
9 years$7,450$6,806$6,213$5,668$5,168$3,347
10 years$6,637$5,999$5,416$4,886$4,403$2,694
11 years$5,972$5,340$4,768$4,252$3,787$2,185
12 years$5,418$4,793$4,232$3,729$3,281$1,783
13 years$4,950$4,332$3,781$3,293$2,862$1,462
14 years$4,549$3,937$3,397$2,923$2,508$1,204
15 years$4,202$3,597$3,067$2,607$2,209$994
16 years$3,899$3,300$2,781$2,334$1,952$823
17 years$3,631$3,039$2,530$2,097$1,731$683
18 years$3,394$2,808$2,310$1,890$1,539$568
19 years$3,182$2,603$2,115$1,708$1,372$473
20 years$2,991$2,419$1,941$1,547$1,225$394
21 years$2,818$2,253$1,785$1,404$1,096$328
22 years$2,662$2,103$1,645$1,276$983$274
23 years$2,519$1,967$1,519$1,162$882$229
24 years$2,389$1,843$1,405$1,060$793$191
25 years$2,269$1,729$1,301$968$714$160
26 years$2,158$1,625$1,207$885$643$134
27 years$2,056$1,530$1,121$810$579$112
28 years$1,961$1,441$1,042$742$523$94
29 years$1,873$1,360$969$681$472$79
30 years$1,791$1,284$903$625$427$66
31 years$1,715$1,214$842$574$386$55
32 years$1,643$1,149$785$527$349$46
33 years$1,576$1,088$733$485$316$39
34 years$1,513$1,031$685$446$286$32
35 years$1,454$978$641$411$259$27
36 years$1,398$928$599$378$235$23
37 years$1,345$882$561$349$213$19
38 years$1,295$838$525$321$193$16
39 years$1,248$797$492$296$175$13
40 years$1,203$758$461$273$159$11
41 years$1,161$721$433$252$144$9
42 years$1,120$687$406$233$131$8
43 years$1,082$655$381$215$118$7
44 years$1,046$624$357$198$108$6
45 years$1,011$595$336$183$98$5
46 years$978$568$315$169$89$4
47 years$946$542$296$156$80$3
48 years$916$517$278$144$73$3
49 years$887$494$262$133$66$2
50 years$859$472$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $880,000, adding $6,514 every year, while hoping to spend $30,553 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: 33/38/29 Blend
50$880,000$880,000$880,000$880,000
51$976,479$929,839$916,199$999,941
52$1,043,572$942,893$914,384$1,031,431
53$1,116,484$955,563$911,483$1,062,191
54$1,195,777$967,797$907,430$1,094,754
55$1,282,068$979,541$902,151$1,129,302
56$1,376,037$990,737$895,571$1,166,035
57$1,478,432$1,001,322$887,611$1,205,177
58$1,590,075$1,011,230$878,190$1,246,977
59$1,711,873$1,020,390$867,219$1,291,710
60$1,844,821$1,028,726$854,608$1,339,680
61$1,990,018$1,036,159$840,262$1,391,227
62$2,148,671$1,042,602$824,082$1,446,726
63$2,322,111$1,047,964$805,964$1,506,593
64$2,511,801$1,052,149$785,799$1,571,289
65$2,719,353$1,055,053$763,472$1,641,326
66$2,946,544$1,056,568$738,864$1,717,269
67$3,195,327$1,056,575$711,852$1,799,746
68$3,467,855$1,054,952$682,304$1,889,452
69$3,766,500$1,051,568$650,084$1,987,156
70$4,093,871$1,046,283$615,051$2,093,708
71$4,452,844$1,038,950$577,053$2,210,052
72$4,846,587$1,029,411$535,937$2,337,230
73$5,278,588$1,017,500$491,540$2,476,395
74$5,752,688$1,003,043$443,691$2,628,823
75$6,273,121$985,850$392,213$2,795,928
76$6,844,548$965,726$336,921$2,979,269
77$7,472,105$942,460$277,621$3,180,572
78$8,161,450$915,830$214,111$3,401,747
79$8,918,814$885,602$146,180$3,644,903
80$9,751,064$851,527$73,608$3,912,371
81$10,665,762$813,342$0$4,206,730
82$11,671,243$770,768$0$4,532,013
83$12,776,686$723,513$0$4,914,565
84$13,992,207$671,263$0$5,335,136
85$15,328,948$613,691$0$5,797,649
86$16,799,186$550,448$0$6,306,429
87$18,416,450$481,166$0$6,866,248
88$20,195,643$405,458$0$7,482,369
89$22,153,186$322,913$0$8,160,602
90$24,307,172$233,097$0$8,907,351
91$26,677,537$135,553$0$9,729,684
92$29,286,247$29,796$0$10,635,394
93$32,157,505$0$0$11,633,081
94$35,317,979$0$0$12,767,635
95$38,797,054$0$0$14,030,439
96$42,627,109$0$0$15,420,804
97$46,843,822$0$0$16,951,703
98$51,486,505$0$0$18,637,430
99$56,598,477$0$0$20,493,736
100$62,227,470$0$0$22,537,977