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%18.6%
1 years$72,670$72,022$71,391$70,774$70,172$67,737
2 years$35,975$35,305$34,656$34,026$33,415$30,987
3 years$23,745$23,072$22,425$21,801$21,200$18,854
4 years$17,631$16,961$16,319$15,706$15,120$12,876
5 years$13,964$13,297$12,664$12,064$11,494$9,357
6 years$11,520$10,858$10,235$9,648$9,095$7,066
7 years$9,775$9,119$8,505$7,932$7,397$5,476
8 years$8,467$7,816$7,213$6,654$6,136$4,323
9 years$7,450$6,806$6,213$5,668$5,168$3,459
10 years$6,637$5,999$5,416$4,886$4,403$2,796
11 years$5,972$5,340$4,768$4,252$3,787$2,278
12 years$5,418$4,793$4,232$3,729$3,281$1,868
13 years$4,950$4,332$3,781$3,293$2,862$1,539
14 years$4,549$3,937$3,397$2,923$2,508$1,273
15 years$4,202$3,597$3,067$2,607$2,209$1,057
16 years$3,899$3,300$2,781$2,334$1,952$880
17 years$3,631$3,039$2,530$2,097$1,731$734
18 years$3,394$2,808$2,310$1,890$1,539$613
19 years$3,182$2,603$2,115$1,708$1,372$513
20 years$2,991$2,419$1,941$1,547$1,225$430
21 years$2,818$2,253$1,785$1,404$1,096$360
22 years$2,662$2,103$1,645$1,276$983$303
23 years$2,519$1,967$1,519$1,162$882$254
24 years$2,389$1,843$1,405$1,060$793$214
25 years$2,269$1,729$1,301$968$714$180
26 years$2,158$1,625$1,207$885$643$151
27 years$2,056$1,530$1,121$810$579$127
28 years$1,961$1,441$1,042$742$523$107
29 years$1,873$1,360$969$681$472$90
30 years$1,791$1,284$903$625$427$76
31 years$1,715$1,214$842$574$386$64
32 years$1,643$1,149$785$527$349$54
33 years$1,576$1,088$733$485$316$45
34 years$1,513$1,031$685$446$286$38
35 years$1,454$978$641$411$259$32
36 years$1,398$928$599$378$235$27
37 years$1,345$882$561$349$213$23
38 years$1,295$838$525$321$193$19
39 years$1,248$797$492$296$175$16
40 years$1,203$758$461$273$159$14
41 years$1,161$721$433$252$144$12
42 years$1,120$687$406$233$131$10
43 years$1,082$655$381$215$118$8
44 years$1,046$624$357$198$108$7
45 years$1,011$595$336$183$98$6
46 years$978$568$315$169$89$5
47 years$946$542$296$156$80$4
48 years$916$517$278$144$73$4
49 years$887$494$262$133$66$3
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 $5,114 every year, while hoping to spend $52,588 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: 83/5/12 Blend
50$880,000$880,000$880,000$880,000
51$975,035$928,395$914,755$1,053,487
52$1,018,535$917,933$889,446$1,095,167
53$1,064,710$905,196$861,527$1,133,432
54$1,113,777$890,017$830,854$1,173,876
55$1,165,973$872,219$797,279$1,216,692
56$1,221,559$851,614$760,644$1,262,086
57$1,280,819$828,004$720,787$1,310,289
58$1,344,066$801,179$677,536$1,361,555
59$1,411,640$770,917$630,714$1,416,162
60$1,483,918$736,982$580,133$1,474,418
61$1,561,309$699,126$525,598$1,536,661
62$1,644,263$657,084$466,907$1,603,265
63$1,733,276$610,579$403,846$1,674,640
64$1,828,889$559,316$336,194$1,751,240
65$1,931,697$502,984$263,718$1,833,565
66$2,042,354$441,254$186,176$1,922,164
67$2,161,577$373,778$103,316$2,017,645
68$2,290,154$300,190$14,873$2,120,677
69$2,428,951$220,101$0$2,231,997
70$2,578,919$133,101$0$2,362,599
71$2,741,104$38,758$0$2,505,894
72$2,916,655$0$0$2,661,001
73$3,106,834$0$0$2,832,538
74$3,313,031$0$0$3,020,849
75$3,536,772$0$0$3,225,200
76$3,779,739$0$0$3,447,125
77$4,043,778$0$0$3,688,314
78$4,330,922$0$0$3,950,626
79$4,643,407$0$0$4,236,107
80$4,983,694$0$0$4,547,006
81$5,354,489$0$0$4,885,800
82$5,758,774$0$0$5,255,212
83$6,199,826$0$0$5,658,244
84$6,681,255$0$0$6,098,195
85$7,207,036$0$0$6,578,699
86$7,781,541$0$0$7,103,758
87$8,409,587$0$0$7,677,774
88$9,096,474$0$0$8,305,597
89$9,848,041$0$0$8,992,566
90$10,670,715$0$0$9,744,559
91$11,571,575$0$0$10,568,051
92$12,558,414$0$0$11,470,169
93$13,639,817$0$0$12,458,765
94$14,825,237$0$0$13,542,484
95$16,125,085$0$0$14,730,851
96$17,550,830$0$0$16,034,352
97$19,115,102$0$0$17,464,540
98$20,831,814$0$0$19,034,140
99$22,716,289$0$0$20,757,168
100$24,785,410$0$0$22,649,064