Can I retire at age 51 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$72,917$72,268$71,634$71,016$70,412$68,598
2 years$36,098$35,425$34,774$34,142$33,529$31,714
3 years$23,826$23,151$22,501$21,875$21,272$19,513
4 years$17,691$17,018$16,375$15,760$15,172$13,481
5 years$14,012$13,343$12,708$12,105$11,533$9,916
6 years$11,559$10,895$10,270$9,681$9,126$7,584
7 years$9,808$9,150$8,534$7,959$7,422$5,955
8 years$8,496$7,843$7,238$6,677$6,157$4,764
9 years$7,475$6,829$6,234$5,687$5,185$3,866
10 years$6,659$6,019$5,435$4,902$4,418$3,170
11 years$5,992$5,359$4,785$4,266$3,800$2,622
12 years$5,437$4,810$4,246$3,742$3,293$2,183
13 years$4,967$4,346$3,794$3,304$2,871$1,827
14 years$4,565$3,951$3,409$2,933$2,517$1,536
15 years$4,216$3,609$3,078$2,615$2,216$1,295
16 years$3,912$3,311$2,790$2,342$1,959$1,096
17 years$3,644$3,050$2,539$2,104$1,737$930
18 years$3,405$2,818$2,318$1,896$1,544$790
19 years$3,192$2,612$2,122$1,713$1,376$673
20 years$3,001$2,427$1,947$1,552$1,229$574
21 years$2,828$2,261$1,791$1,408$1,100$490
22 years$2,671$2,110$1,651$1,281$986$419
23 years$2,528$1,974$1,524$1,166$885$358
24 years$2,397$1,849$1,410$1,064$796$306
25 years$2,277$1,735$1,306$971$716$262
26 years$2,166$1,631$1,211$888$645$225
27 years$2,063$1,535$1,124$813$581$193
28 years$1,968$1,446$1,045$745$525$165
29 years$1,880$1,364$973$683$474$142
30 years$1,797$1,289$906$627$428$122
31 years$1,721$1,218$845$576$387$105
32 years$1,649$1,153$788$529$350$90
33 years$1,581$1,092$736$487$317$77
34 years$1,518$1,034$688$448$287$66
35 years$1,459$981$643$412$260$57
36 years$1,402$931$601$380$235$49
37 years$1,349$885$563$350$213$42
38 years$1,299$841$527$322$193$36
39 years$1,252$799$494$297$175$31
40 years$1,207$761$463$274$159$27
41 years$1,165$724$434$253$144$23
42 years$1,124$689$407$233$131$20
43 years$1,086$657$382$215$119$17
44 years$1,049$626$359$199$108$15
45 years$1,014$597$337$184$98$13
46 years$981$570$316$170$89$11
47 years$949$544$297$157$81$9
48 years$919$519$279$145$73$8
49 years$890$496$262$134$67$7
50 years$862$473$247$124$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $883,000, adding $2,743 every year, while hoping to spend $58,457 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: 29/48/23 Blend
50$883,000$883,000$883,000$883,000
51$975,895$929,096$915,410$997,121
52$1,013,239$912,424$883,878$997,119
53$1,052,432$892,976$849,331$991,759
54$1,093,602$870,554$811,606$984,782
55$1,136,887$844,949$770,532$976,085
56$1,182,437$815,938$725,932$965,564
57$1,230,415$783,288$677,620$953,107
58$1,280,998$746,751$625,401$938,602
59$1,334,381$706,063$569,074$921,929
60$1,390,775$660,947$508,425$902,966
61$1,450,410$611,109$443,233$881,586
62$1,513,538$556,240$373,267$857,659
63$1,580,434$496,010$298,286$831,050
64$1,651,397$430,073$218,038$801,619
65$1,726,755$358,063$132,258$769,226
66$1,806,868$279,592$40,672$733,725
67$1,892,128$194,251$0$694,967
68$1,982,964$101,609$0$666,806
69$2,079,848$1,209$0$646,645
70$2,183,295$0$0$624,416
71$2,293,869$0$0$656,785
72$2,412,190$0$0$692,195
73$2,538,937$0$0$730,221
74$2,674,853$0$0$771,101
75$2,820,758$0$0$815,091
76$2,977,546$0$0$862,477
77$3,146,202$0$0$913,570
78$3,327,807$0$0$968,713
79$3,523,547$0$0$1,028,282
80$3,734,727$0$0$1,092,691
81$3,962,778$0$0$1,162,394
82$4,209,274$0$0$1,237,892
83$4,475,944$0$0$1,319,735
84$4,764,691$0$0$1,408,526
85$5,077,605$0$0$1,504,930
86$5,416,983$0$0$1,609,679
87$5,785,354$0$0$1,723,577
88$6,185,498$0$0$1,847,507
89$6,620,473$0$0$1,982,445
90$7,093,643$0$0$2,129,461
91$7,608,709$0$0$2,289,734
92$8,169,745$0$0$2,464,561
93$8,781,232$0$0$2,655,371
94$9,448,104$0$0$2,863,735
95$10,175,789$0$0$3,091,385
96$10,970,263$0$0$3,340,224
97$11,838,104$0$0$3,612,351
98$12,786,555$0$0$3,910,074
99$13,823,589$0$0$4,235,937
100$14,957,983$0$0$4,592,740