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%12.8%
1 years$73,082$72,431$71,796$71,176$70,571$69,747
2 years$36,179$35,506$34,853$34,219$33,605$32,776
3 years$23,880$23,203$22,552$21,925$21,321$20,512
4 years$17,732$17,057$16,412$15,796$15,206$14,424
5 years$14,043$13,373$12,736$12,132$11,559$10,806
6 years$11,585$10,920$10,293$9,702$9,147$8,423
7 years$9,830$9,171$8,553$7,977$7,439$6,745
8 years$8,515$7,861$7,254$6,692$6,171$5,507
9 years$7,492$6,844$6,248$5,700$5,197$4,563
10 years$6,674$6,033$5,447$4,913$4,428$3,823
11 years$6,006$5,371$4,795$4,276$3,808$3,232
12 years$5,449$4,820$4,256$3,751$3,300$2,753
13 years$4,978$4,356$3,802$3,311$2,878$2,358
14 years$4,575$3,960$3,416$2,939$2,523$2,029
15 years$4,226$3,617$3,085$2,621$2,221$1,754
16 years$3,921$3,319$2,797$2,347$1,963$1,521
17 years$3,652$3,057$2,545$2,109$1,741$1,323
18 years$3,413$2,824$2,323$1,901$1,548$1,153
19 years$3,200$2,618$2,127$1,717$1,379$1,008
20 years$3,008$2,432$1,952$1,555$1,232$882
21 years$2,834$2,266$1,795$1,412$1,103$773
22 years$2,677$2,115$1,655$1,283$988$679
23 years$2,534$1,978$1,528$1,169$887$597
24 years$2,402$1,853$1,413$1,066$797$525
25 years$2,282$1,739$1,309$974$718$462
26 years$2,170$1,635$1,214$890$646$407
27 years$2,068$1,538$1,127$815$583$359
28 years$1,972$1,450$1,048$747$526$317
29 years$1,884$1,368$975$685$475$280
30 years$1,801$1,291$908$628$429$247
31 years$1,724$1,221$847$577$388$219
32 years$1,652$1,155$790$530$351$193
33 years$1,585$1,094$738$488$318$171
34 years$1,521$1,037$689$449$287$151
35 years$1,462$983$644$413$260$134
36 years$1,406$933$603$380$236$118
37 years$1,353$887$564$351$214$105
38 years$1,302$843$528$323$194$93
39 years$1,255$801$495$298$176$82
40 years$1,210$762$464$275$159$73
41 years$1,167$726$435$253$145$64
42 years$1,127$691$408$234$131$57
43 years$1,088$658$383$216$119$51
44 years$1,052$628$359$199$108$45
45 years$1,017$598$337$184$98$40
46 years$983$571$317$170$89$35
47 years$951$545$298$157$81$31
48 years$921$520$280$145$73$28
49 years$892$497$263$134$67$24
50 years$864$474$247$124$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $885,000, adding $5,671 every year, while hoping to spend $29,788 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: 42/44/14 Blend
50$885,000$885,000$885,000$885,000
51$981,120$934,215$920,497$1,018,080
52$1,049,500$948,297$919,640$1,058,699
53$1,123,856$962,071$917,755$1,099,268
54$1,204,767$975,490$914,777$1,142,551
55$1,292,869$988,504$910,638$1,188,809
56$1,388,861$1,001,061$905,264$1,238,332
57$1,493,514$1,013,102$898,580$1,291,438
58$1,607,676$1,024,568$890,506$1,348,481
59$1,732,280$1,035,393$880,958$1,409,851
60$1,868,353$1,045,507$869,851$1,475,978
61$2,017,026$1,054,838$857,092$1,547,339
62$2,179,544$1,063,307$842,586$1,624,460
63$2,357,278$1,070,829$826,233$1,707,922
64$2,551,735$1,077,315$807,927$1,798,367
65$2,764,580$1,082,670$787,560$1,896,504
66$2,997,640$1,086,794$765,016$2,003,119
67$3,252,931$1,089,579$740,176$2,119,075
68$3,532,671$1,090,910$712,913$2,245,330
69$3,839,306$1,090,667$683,098$2,382,940
70$4,175,526$1,088,720$650,593$2,533,071
71$4,544,296$1,084,933$615,253$2,697,012
72$4,948,880$1,079,161$576,931$2,876,185
73$5,392,876$1,071,250$535,468$3,072,161
74$5,880,244$1,061,036$490,701$3,286,676
75$6,415,348$1,048,347$442,459$3,521,643
76$7,002,996$1,032,998$390,563$3,779,177
77$7,648,482$1,014,795$334,828$4,061,613
78$8,357,640$993,533$275,058$4,371,528
79$9,136,896$968,993$211,049$4,711,765
80$9,993,330$940,944$142,589$5,085,464
81$10,934,741$909,141$69,457$5,496,091
82$11,969,721$873,326$0$5,947,469
83$13,107,738$833,224$0$6,445,102
84$14,359,222$788,547$0$7,003,519
85$15,735,663$738,986$0$7,617,513
86$17,249,723$684,219$0$8,292,792
87$18,915,352$623,903$0$9,035,655
88$20,747,918$557,675$0$9,853,049
89$22,764,358$485,152$0$10,752,634
90$24,983,328$405,931$0$11,742,859
91$27,425,390$319,584$0$12,833,043
92$30,113,195$225,659$0$14,033,462
93$33,071,705$123,680$0$15,355,448
94$36,328,421$13,143$0$16,811,498
95$39,913,651$0$0$18,415,393
96$43,860,785$0$0$20,233,886
97$48,206,618$0$0$22,243,213
98$52,991,696$0$0$24,455,773
99$58,260,694$0$0$26,892,243
100$64,062,841$0$0$29,575,405