Can I retire at age 51 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$73,000$72,350$71,715$71,096$70,491$70,077
2 years$36,139$35,466$34,813$34,181$33,567$33,149
3 years$23,853$23,177$22,526$21,900$21,296$20,887
4 years$17,712$17,038$16,393$15,778$15,189$14,792
5 years$14,028$13,358$12,722$12,119$11,546$11,163
6 years$11,572$10,908$10,281$9,691$9,136$8,767
7 years$9,819$9,160$8,544$7,968$7,430$7,075
8 years$8,505$7,852$7,246$6,684$6,164$5,823
9 years$7,484$6,837$6,241$5,693$5,191$4,865
10 years$6,667$6,026$5,441$4,908$4,423$4,111
11 years$5,999$5,365$4,790$4,271$3,804$3,505
12 years$5,443$4,815$4,251$3,746$3,296$3,011
13 years$4,973$4,351$3,798$3,308$2,875$2,603
14 years$4,570$3,955$3,413$2,936$2,520$2,261
15 years$4,221$3,613$3,081$2,618$2,219$1,973
16 years$3,916$3,315$2,793$2,345$1,961$1,727
17 years$3,648$3,053$2,542$2,107$1,739$1,517
18 years$3,409$2,821$2,320$1,898$1,546$1,336
19 years$3,196$2,615$2,124$1,715$1,378$1,179
20 years$3,004$2,430$1,950$1,554$1,231$1,042
21 years$2,831$2,263$1,793$1,410$1,101$923
22 years$2,674$2,113$1,653$1,282$987$819
23 years$2,531$1,976$1,526$1,168$886$728
24 years$2,400$1,851$1,411$1,065$797$647
25 years$2,279$1,737$1,307$973$717$576
26 years$2,168$1,633$1,212$889$646$513
27 years$2,065$1,537$1,126$814$582$458
28 years$1,970$1,448$1,047$746$525$409
29 years$1,882$1,366$974$684$474$365
30 years$1,799$1,290$907$628$429$326
31 years$1,723$1,219$846$576$387$291
32 years$1,651$1,154$789$530$350$261
33 years$1,583$1,093$737$487$317$233
34 years$1,520$1,036$688$448$287$209
35 years$1,460$982$644$413$260$187
36 years$1,404$932$602$380$236$167
37 years$1,351$886$563$350$214$150
38 years$1,301$842$528$323$194$134
39 years$1,253$800$494$298$176$120
40 years$1,209$761$463$274$159$108
41 years$1,166$725$435$253$144$97
42 years$1,125$690$408$234$131$87
43 years$1,087$658$382$216$119$78
44 years$1,050$627$359$199$108$70
45 years$1,015$598$337$184$98$63
46 years$982$570$317$170$89$56
47 years$950$544$297$157$81$50
48 years$920$520$280$145$73$45
49 years$891$496$263$134$67$40
50 years$863$474$247$124$61$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $884,000, adding $6,638 every year, while hoping to spend $31,353 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: 61/14/25 Blend
50$884,000$884,000$884,000$884,000
51$981,015$934,163$920,461$1,033,943
52$1,047,719$946,578$917,937$1,083,068
53$1,120,176$958,550$914,278$1,132,669
54$1,198,940$970,025$909,412$1,186,128
55$1,284,620$980,944$903,265$1,243,826
56$1,377,886$991,245$895,759$1,306,184
57$1,479,475$1,000,861$886,812$1,373,667
58$1,590,200$1,009,721$876,338$1,446,788
59$1,710,952$1,017,749$864,248$1,526,113
60$1,842,716$1,024,865$850,446$1,612,268
61$1,986,573$1,030,983$834,836$1,705,941
62$2,143,714$1,036,012$817,314$1,807,893
63$2,315,450$1,039,855$797,772$1,918,964
64$2,503,226$1,042,407$776,097$2,040,079
65$2,708,630$1,043,560$752,171$2,172,261
66$2,933,412$1,043,197$725,871$2,316,638
67$3,179,501$1,041,194$697,068$2,474,453
68$3,449,017$1,037,419$665,627$2,647,079
69$3,744,298$1,031,734$631,406$2,836,029
70$4,067,917$1,023,990$594,259$3,042,975
71$4,422,708$1,014,029$554,031$3,269,759
72$4,811,794$1,001,687$510,561$3,518,413
73$5,238,613$986,785$463,681$3,791,179
74$5,706,953$969,138$413,214$4,090,532
75$6,220,983$948,547$358,979$4,419,197
76$6,785,301$924,803$300,781$4,780,185
77$7,404,966$897,684$238,423$5,176,813
78$8,085,556$866,954$171,693$5,612,742
79$8,833,213$832,364$100,375$6,092,007
80$9,654,702$793,652$24,239$6,619,060
81$10,557,480$750,539$0$7,198,810
82$11,549,757$702,730$0$7,851,878
83$12,640,583$649,914$0$8,576,914
84$13,839,924$591,762$0$9,374,098
85$15,158,764$527,925$0$10,250,760
86$16,609,201$458,036$0$11,214,980
87$18,204,565$381,706$0$12,275,660
88$19,959,546$298,525$0$13,442,614
89$21,890,326$208,058$0$14,726,656
90$24,014,734$109,849$0$16,139,704
91$26,352,417$3,412$0$17,694,893
92$28,925,022$0$0$19,406,697
93$31,756,399$0$0$21,308,289
94$34,872,829$0$0$23,401,987
95$38,303,269$0$0$25,706,730
96$42,079,626$0$0$28,243,966
97$46,237,059$0$0$31,037,327
98$50,814,307$0$0$34,112,854
99$55,854,058$0$0$37,499,241
100$61,403,349$0$0$41,228,106