Can I retire at age 51 with 885,000?

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 $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%15.4%
1 years$73,082$72,431$71,796$71,176$70,571$69,005
2 years$36,179$35,506$34,853$34,219$33,605$32,036
3 years$23,880$23,203$22,552$21,925$21,321$19,797
4 years$17,732$17,057$16,412$15,796$15,206$13,739
5 years$14,043$13,373$12,736$12,132$11,559$10,154
6 years$11,585$10,920$10,293$9,702$9,147$7,804
7 years$9,830$9,171$8,553$7,977$7,439$6,159
8 years$8,515$7,861$7,254$6,692$6,171$4,954
9 years$7,492$6,844$6,248$5,700$5,197$4,041
10 years$6,674$6,033$5,447$4,913$4,428$3,333
11 years$6,006$5,371$4,795$4,276$3,808$2,772
12 years$5,449$4,820$4,256$3,751$3,300$2,321
13 years$4,978$4,356$3,802$3,311$2,878$1,955
14 years$4,575$3,960$3,416$2,939$2,523$1,653
15 years$4,226$3,617$3,085$2,621$2,221$1,403
16 years$3,921$3,319$2,797$2,347$1,963$1,195
17 years$3,652$3,057$2,545$2,109$1,741$1,020
18 years$3,413$2,824$2,323$1,901$1,548$873
19 years$3,200$2,618$2,127$1,717$1,379$748
20 years$3,008$2,432$1,952$1,555$1,232$642
21 years$2,834$2,266$1,795$1,412$1,103$552
22 years$2,677$2,115$1,655$1,283$988$475
23 years$2,534$1,978$1,528$1,169$887$409
24 years$2,402$1,853$1,413$1,066$797$353
25 years$2,282$1,739$1,309$974$718$304
26 years$2,170$1,635$1,214$890$646$263
27 years$2,068$1,538$1,127$815$583$227
28 years$1,972$1,450$1,048$747$526$196
29 years$1,884$1,368$975$685$475$170
30 years$1,801$1,291$908$628$429$147
31 years$1,724$1,221$847$577$388$127
32 years$1,652$1,155$790$530$351$110
33 years$1,585$1,094$738$488$318$95
34 years$1,521$1,037$689$449$287$82
35 years$1,462$983$644$413$260$71
36 years$1,406$933$603$380$236$62
37 years$1,353$887$564$351$214$53
38 years$1,302$843$528$323$194$46
39 years$1,255$801$495$298$176$40
40 years$1,210$762$464$275$159$35
41 years$1,167$726$435$253$145$30
42 years$1,127$691$408$234$131$26
43 years$1,088$658$383$216$119$23
44 years$1,052$628$359$199$108$20
45 years$1,017$598$337$184$98$17
46 years$983$571$317$170$89$15
47 years$951$545$298$157$81$13
48 years$921$520$280$145$73$11
49 years$892$497$263$134$67$10
50 years$864$474$247$124$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $885,000, adding $5,647 every year, while hoping to spend $59,049 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: 60/33/7 Blend
50$885,000$885,000$885,000$885,000
51$981,095$934,190$920,472$1,038,216
52$1,018,339$917,138$888,481$1,060,097
53$1,057,403$897,270$853,438$1,076,671
54$1,098,410$874,389$815,180$1,093,259
55$1,141,494$848,280$773,535$1,109,863
56$1,186,800$818,720$728,322$1,126,489
57$1,234,487$785,470$679,354$1,143,145
58$1,284,727$748,281$626,435$1,159,846
59$1,337,708$706,885$569,360$1,176,608
60$1,393,634$661,003$507,913$1,193,454
61$1,452,728$610,335$441,871$1,210,412
62$1,515,234$554,569$371,001$1,227,517
63$1,581,416$493,371$295,058$1,244,813
64$1,651,565$426,391$213,787$1,262,352
65$1,725,998$353,257$126,923$1,280,195
66$1,805,062$273,579$34,186$1,298,416
67$1,889,134$186,940$0$1,317,102
68$1,978,631$92,905$0$1,341,192
69$2,074,006$0$0$1,369,006
70$2,175,756$0$0$1,401,410
71$2,284,425$0$0$1,472,090
72$2,400,612$0$0$1,547,704
73$2,524,969$0$0$1,628,682
74$2,658,215$0$0$1,715,499
75$2,801,137$0$0$1,808,672
76$2,954,597$0$0$1,908,772
77$3,119,545$0$0$2,016,424
78$3,297,020$0$0$2,132,314
79$3,488,165$0$0$2,257,198
80$3,694,235$0$0$2,391,902
81$3,916,607$0$0$2,537,337
82$4,156,797$0$0$2,694,502
83$4,416,467$0$0$2,864,496
84$4,697,448$0$0$3,048,527
85$5,001,750$0$0$3,247,922
86$5,331,583$0$0$3,464,142
87$5,689,379$0$0$3,698,791
88$6,077,809$0$0$3,953,636
89$6,499,815$0$0$4,230,619
90$6,958,631$0$0$4,531,876
91$7,457,815$0$0$4,859,757
92$8,001,282$0$0$5,216,850
93$8,593,340$0$0$5,606,000
94$9,238,729$0$0$6,030,340
95$9,942,668$0$0$6,493,318
96$10,710,898$0$0$6,998,727
97$11,549,741$0$0$7,550,746
98$12,466,155$0$0$8,153,972
99$13,467,802$0$0$8,813,468
100$14,563,115$0$0$9,534,808