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%13.3%
1 years$73,000$72,350$71,715$71,096$70,491$69,524
2 years$36,139$35,466$34,813$34,181$33,567$32,595
3 years$23,853$23,177$22,526$21,900$21,296$20,348
4 years$17,712$17,038$16,393$15,778$15,189$14,273
5 years$14,028$13,358$12,722$12,119$11,546$10,665
6 years$11,572$10,908$10,281$9,691$9,136$8,291
7 years$9,819$9,160$8,544$7,968$7,430$6,621
8 years$8,505$7,852$7,246$6,684$6,164$5,390
9 years$7,484$6,837$6,241$5,693$5,191$4,453
10 years$6,667$6,026$5,441$4,908$4,423$3,720
11 years$5,999$5,365$4,790$4,271$3,804$3,135
12 years$5,443$4,815$4,251$3,746$3,296$2,661
13 years$4,973$4,351$3,798$3,308$2,875$2,272
14 years$4,570$3,955$3,413$2,936$2,520$1,949
15 years$4,221$3,613$3,081$2,618$2,219$1,679
16 years$3,916$3,315$2,793$2,345$1,961$1,451
17 years$3,648$3,053$2,542$2,107$1,739$1,257
18 years$3,409$2,821$2,320$1,898$1,546$1,092
19 years$3,196$2,615$2,124$1,715$1,378$951
20 years$3,004$2,430$1,950$1,554$1,231$829
21 years$2,831$2,263$1,793$1,410$1,101$724
22 years$2,674$2,113$1,653$1,282$987$633
23 years$2,531$1,976$1,526$1,168$886$555
24 years$2,400$1,851$1,411$1,065$797$486
25 years$2,279$1,737$1,307$973$717$426
26 years$2,168$1,633$1,212$889$646$374
27 years$2,065$1,537$1,126$814$582$329
28 years$1,970$1,448$1,047$746$525$289
29 years$1,882$1,366$974$684$474$254
30 years$1,799$1,290$907$628$429$224
31 years$1,723$1,219$846$576$387$197
32 years$1,651$1,154$789$530$350$173
33 years$1,583$1,093$737$487$317$153
34 years$1,520$1,036$688$448$287$134
35 years$1,460$982$644$413$260$118
36 years$1,404$932$602$380$236$104
37 years$1,351$886$563$350$214$92
38 years$1,301$842$528$323$194$81
39 years$1,253$800$494$298$176$72
40 years$1,209$761$463$274$159$63
41 years$1,166$725$435$253$144$56
42 years$1,125$690$408$234$131$49
43 years$1,087$658$382$216$119$43
44 years$1,050$627$359$199$108$38
45 years$1,015$598$337$184$98$34
46 years$982$570$317$170$89$30
47 years$950$544$297$157$81$26
48 years$920$520$280$145$73$23
49 years$891$496$263$134$67$20
50 years$863$474$247$124$61$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $884,000, adding $6,277 every year, while hoping to spend $45,320 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: 79/6/15 Blend
50$884,000$884,000$884,000$884,000
51$980,643$933,791$920,089$1,054,564
52$1,032,448$931,326$902,692$1,101,656
53$1,088,019$927,222$883,193$1,146,888
54$1,147,691$921,350$861,474$1,195,239
55$1,211,833$913,575$837,411$1,247,004
56$1,280,851$903,751$810,875$1,302,505
57$1,355,190$891,726$781,731$1,362,100
58$1,435,337$877,338$749,837$1,426,181
59$1,521,829$860,416$715,045$1,495,183
60$1,615,257$840,777$677,199$1,569,583
61$1,716,267$818,229$636,140$1,649,909
62$1,825,572$792,569$591,697$1,736,741
63$1,943,956$763,580$543,694$1,830,720
64$2,072,278$731,034$491,946$1,932,553
65$2,211,485$694,689$436,261$2,043,019
66$2,362,618$654,290$376,437$2,162,977
67$2,526,821$609,567$312,264$2,293,374
68$2,705,355$560,234$243,523$2,435,254
69$2,899,605$505,988$169,984$2,589,770
70$3,111,094$446,512$91,408$2,758,192
71$3,341,501$381,466$7,546$2,941,920
72$3,592,671$310,495$0$3,142,498
73$3,866,636$233,222$0$3,374,746
74$4,165,632$149,249$0$3,629,568
75$4,492,121$58,156$0$3,907,869
76$4,848,812$0$0$4,211,981
77$5,238,687$0$0$4,547,146
78$5,665,032$0$0$4,917,886
79$6,131,463$0$0$5,323,511
80$6,641,959$0$0$5,767,485
81$7,200,907$0$0$6,253,625
82$7,813,134$0$0$6,786,134
83$8,483,956$0$0$7,369,640
84$9,219,230$0$0$8,009,241
85$10,025,403$0$0$8,710,549
86$10,909,580$0$0$9,479,748
87$11,879,582$0$0$10,323,649
88$12,944,027$0$0$11,249,751
89$14,112,407$0$0$12,266,319
90$15,395,176$0$0$13,382,452
91$16,803,851$0$0$14,608,178
92$18,351,120$0$0$15,954,541
93$20,050,959$0$0$17,433,707
94$21,918,764$0$0$19,059,079
95$23,971,497$0$0$20,845,424
96$26,227,845$0$0$22,809,010
97$28,708,395$0$0$24,967,758
98$31,435,828$0$0$27,341,413
99$34,435,134$0$0$29,951,730
100$37,733,844$0$0$32,822,676