Can I retire at age 51 with 885,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$73,082$72,431$71,796$71,176$70,571$67,878
2 years$36,179$35,506$34,853$34,219$33,605$30,924
3 years$23,880$23,203$22,552$21,925$21,321$18,735
4 years$17,732$17,057$16,412$15,796$15,206$12,736
5 years$14,043$13,373$12,736$12,132$11,559$9,212
6 years$11,585$10,920$10,293$9,702$9,147$6,922
7 years$9,830$9,171$8,553$7,977$7,439$5,337
8 years$8,515$7,861$7,254$6,692$6,171$4,191
9 years$7,492$6,844$6,248$5,700$5,197$3,335
10 years$6,674$6,033$5,447$4,913$4,428$2,680
11 years$6,006$5,371$4,795$4,276$3,808$2,171
12 years$5,449$4,820$4,256$3,751$3,300$1,769
13 years$4,978$4,356$3,802$3,311$2,878$1,449
14 years$4,575$3,960$3,416$2,939$2,523$1,191
15 years$4,226$3,617$3,085$2,621$2,221$983
16 years$3,921$3,319$2,797$2,347$1,963$812
17 years$3,652$3,057$2,545$2,109$1,741$673
18 years$3,413$2,824$2,323$1,901$1,548$559
19 years$3,200$2,618$2,127$1,717$1,379$464
20 years$3,008$2,432$1,952$1,555$1,232$386
21 years$2,834$2,266$1,795$1,412$1,103$322
22 years$2,677$2,115$1,655$1,283$988$268
23 years$2,534$1,978$1,528$1,169$887$224
24 years$2,402$1,853$1,413$1,066$797$187
25 years$2,282$1,739$1,309$974$718$156
26 years$2,170$1,635$1,214$890$646$130
27 years$2,068$1,538$1,127$815$583$109
28 years$1,972$1,450$1,048$747$526$91
29 years$1,884$1,368$975$685$475$76
30 years$1,801$1,291$908$628$429$64
31 years$1,724$1,221$847$577$388$53
32 years$1,652$1,155$790$530$351$44
33 years$1,585$1,094$738$488$318$37
34 years$1,521$1,037$689$449$287$31
35 years$1,462$983$644$413$260$26
36 years$1,406$933$603$380$236$22
37 years$1,353$887$564$351$214$18
38 years$1,302$843$528$323$194$15
39 years$1,255$801$495$298$176$13
40 years$1,210$762$464$275$159$11
41 years$1,167$726$435$253$145$9
42 years$1,127$691$408$234$131$7
43 years$1,088$658$383$216$119$6
44 years$1,052$628$359$199$108$5
45 years$1,017$598$337$184$98$4
46 years$983$571$317$170$89$4
47 years$951$545$298$157$81$3
48 years$921$520$280$145$73$3
49 years$892$497$263$134$67$2
50 years$864$474$247$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $885,000, adding $6,972 every year, while hoping to spend $42,821 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: 66/11/23 Blend
50$885,000$885,000$885,000$885,000
51$982,462$935,557$921,839$1,041,065
52$1,037,111$935,838$907,160$1,081,598
53$1,095,900$934,697$890,553$1,120,393
54$1,159,206$932,021$871,910$1,161,815
55$1,227,441$927,686$851,115$1,206,123
56$1,301,061$921,564$828,048$1,253,606
57$1,380,565$913,517$802,584$1,304,580
58$1,466,503$903,399$774,591$1,359,398
59$1,559,478$891,058$743,932$1,418,447
60$1,660,154$876,328$710,462$1,482,159
61$1,769,259$859,037$674,032$1,551,006
62$1,887,595$839,002$634,484$1,625,514
63$2,016,045$816,028$591,654$1,706,264
64$2,155,578$789,910$545,371$1,793,895
65$2,307,260$760,429$495,455$1,889,118
66$2,472,267$727,357$441,718$1,992,714
67$2,651,889$690,448$383,967$2,105,548
68$2,847,547$649,445$321,995$2,228,575
69$3,060,805$604,076$255,590$2,362,851
70$3,293,383$554,052$184,528$2,509,542
71$3,547,177$499,069$108,578$2,669,934
72$3,824,270$438,804$27,497$2,845,451
73$4,126,958$372,918$0$3,037,660
74$4,457,768$301,051$0$3,262,784
75$4,819,480$222,823$0$3,516,391
76$5,215,159$137,833$0$3,793,909
77$5,648,176$45,657$0$4,097,739
78$6,122,244$0$0$4,430,531
79$6,641,452$0$0$4,801,759
80$7,210,304$0$0$5,214,592
81$7,833,759$0$0$5,667,111
82$8,517,279$0$0$6,163,286
83$9,266,878$0$0$6,707,493
84$10,089,183$0$0$7,304,548
85$10,991,491$0$0$7,959,759
86$11,981,841$0$0$8,678,971
87$13,069,087$0$0$9,468,623
88$14,262,982$0$0$10,335,809
89$15,574,272$0$0$11,288,340
90$17,014,792$0$0$12,334,826
91$18,597,581$0$0$13,484,749
92$20,337,003$0$0$14,748,554
93$22,248,885$0$0$16,137,751
94$24,350,660$0$0$17,665,018
95$26,661,536$0$0$19,344,325
96$29,202,676$0$0$21,191,061
97$31,997,394$0$0$23,222,184
98$35,071,379$0$0$25,456,375
99$38,452,934$0$0$27,914,217
100$42,173,241$0$0$30,618,390