Can I retire at age 51 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$72,835$72,186$71,553$70,935$70,332$69,482
2 years$36,057$35,385$34,734$34,103$33,491$32,636
3 years$23,799$23,125$22,475$21,850$21,248$20,414
4 years$17,671$16,999$16,356$15,742$15,154$14,348
5 years$13,996$13,327$12,693$12,091$11,520$10,743
6 years$11,546$10,883$10,258$9,670$9,116$8,370
7 years$9,797$9,139$8,524$7,950$7,413$6,699
8 years$8,486$7,834$7,229$6,669$6,150$5,466
9 years$7,467$6,821$6,227$5,680$5,179$4,526
10 years$6,652$6,012$5,429$4,897$4,413$3,790
11 years$5,985$5,353$4,779$4,262$3,795$3,203
12 years$5,431$4,804$4,241$3,738$3,289$2,725
13 years$4,961$4,342$3,789$3,300$2,868$2,333
14 years$4,560$3,946$3,405$2,929$2,514$2,007
15 years$4,212$3,605$3,074$2,613$2,214$1,733
16 years$3,908$3,308$2,787$2,339$1,956$1,502
17 years$3,640$3,046$2,536$2,102$1,735$1,305
18 years$3,402$2,815$2,315$1,894$1,542$1,137
19 years$3,189$2,609$2,119$1,711$1,375$993
20 years$2,998$2,424$1,945$1,550$1,228$868
21 years$2,825$2,258$1,789$1,407$1,099$761
22 years$2,668$2,108$1,649$1,279$985$667
23 years$2,525$1,971$1,523$1,165$884$586
24 years$2,394$1,847$1,408$1,062$795$515
25 years$2,274$1,733$1,304$970$715$453
26 years$2,163$1,629$1,210$887$644$399
27 years$2,061$1,533$1,123$812$581$352
28 years$1,966$1,445$1,044$744$524$310
29 years$1,878$1,363$972$682$473$274
30 years$1,795$1,287$905$626$428$242
31 years$1,719$1,217$844$575$387$213
32 years$1,647$1,151$787$529$350$188
33 years$1,580$1,090$735$486$316$167
34 years$1,516$1,033$687$447$287$147
35 years$1,457$980$642$412$260$130
36 years$1,401$930$601$379$235$115
37 years$1,348$884$562$349$213$102
38 years$1,298$840$526$322$193$90
39 years$1,251$798$493$297$175$80
40 years$1,206$760$462$274$159$70
41 years$1,163$723$434$253$144$62
42 years$1,123$689$407$233$131$55
43 years$1,085$656$382$215$119$49
44 years$1,048$625$358$199$108$43
45 years$1,013$596$336$184$98$38
46 years$980$569$316$170$89$34
47 years$948$543$297$157$81$30
48 years$918$518$279$145$73$27
49 years$889$495$262$134$67$24
50 years$861$473$246$124$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $882,000, adding $4,604 every year, while hoping to spend $55,196 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: 51/19/30 Blend
50$882,000$882,000$882,000$882,000
51$976,713$929,967$916,296$1,018,043
52$1,017,610$916,807$888,264$1,034,244
53$1,060,828$901,153$857,443$1,045,989
54$1,106,546$882,823$823,681$1,057,699
55$1,154,959$861,627$786,819$1,069,395
56$1,206,280$837,362$746,693$1,081,106
57$1,260,741$809,813$703,128$1,092,866
58$1,318,598$778,755$655,943$1,104,716
59$1,380,127$743,946$604,950$1,116,708
60$1,445,634$705,133$549,949$1,128,899
61$1,515,451$662,047$490,736$1,141,361
62$1,589,944$614,405$427,093$1,154,174
63$1,669,514$561,906$358,795$1,167,434
64$1,754,597$504,232$285,607$1,181,251
65$1,845,674$441,048$207,284$1,195,753
66$1,943,273$371,999$123,568$1,211,085
67$2,047,971$296,711$34,192$1,227,415
68$2,160,403$214,789$0$1,244,933
69$2,281,264$125,814$0$1,283,444
70$2,411,319$29,344$0$1,336,562
71$2,551,406$0$0$1,393,709
72$2,702,447$0$0$1,471,001
73$2,865,455$0$0$1,561,108
74$3,041,541$0$0$1,658,518
75$3,231,928$0$0$1,763,916
76$3,437,960$0$0$1,878,057
77$3,661,112$0$0$2,001,767
78$3,903,009$0$0$2,135,959
79$4,165,436$0$0$2,281,633
80$4,450,357$0$0$2,439,892
81$4,759,931$0$0$2,611,948
82$5,096,534$0$0$2,799,134
83$5,462,780$0$0$3,002,918
84$5,861,545$0$0$3,224,912
85$6,295,993$0$0$3,466,895
86$6,769,606$0$0$3,730,820
87$7,286,218$0$0$4,018,841
88$7,850,047$0$0$4,333,325
89$8,465,737$0$0$4,676,880
90$9,138,398$0$0$5,052,377
91$9,873,660$0$0$5,462,976
92$10,677,718$0$0$5,912,157
93$11,557,393$0$0$6,403,750
94$12,520,197$0$0$6,941,976
95$13,574,402$0$0$7,531,479
96$14,729,116$0$0$8,177,377
97$15,994,369$0$0$8,885,303
98$17,381,209$0$0$9,661,464
99$18,901,803$0$0$10,512,693
100$20,569,550$0$0$11,446,520