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%18.5%
1 years$73,082$72,431$71,796$71,176$70,571$68,149
2 years$36,179$35,506$34,853$34,219$33,605$31,189
3 years$23,880$23,203$22,552$21,925$21,321$18,987
4 years$17,732$17,057$16,412$15,796$15,206$12,973
5 years$14,043$13,373$12,736$12,132$11,559$9,432
6 years$11,585$10,920$10,293$9,702$9,147$7,127
7 years$9,830$9,171$8,553$7,977$7,439$5,527
8 years$8,515$7,861$7,254$6,692$6,171$4,365
9 years$7,492$6,844$6,248$5,700$5,197$3,495
10 years$6,674$6,033$5,447$4,913$4,428$2,827
11 years$6,006$5,371$4,795$4,276$3,808$2,305
12 years$5,449$4,820$4,256$3,751$3,300$1,891
13 years$4,978$4,356$3,802$3,311$2,878$1,559
14 years$4,575$3,960$3,416$2,939$2,523$1,291
15 years$4,226$3,617$3,085$2,621$2,221$1,072
16 years$3,921$3,319$2,797$2,347$1,963$893
17 years$3,652$3,057$2,545$2,109$1,741$745
18 years$3,413$2,824$2,323$1,901$1,548$623
19 years$3,200$2,618$2,127$1,717$1,379$522
20 years$3,008$2,432$1,952$1,555$1,232$438
21 years$2,834$2,266$1,795$1,412$1,103$367
22 years$2,677$2,115$1,655$1,283$988$309
23 years$2,534$1,978$1,528$1,169$887$259
24 years$2,402$1,853$1,413$1,066$797$218
25 years$2,282$1,739$1,309$974$718$184
26 years$2,170$1,635$1,214$890$646$155
27 years$2,068$1,538$1,127$815$583$130
28 years$1,972$1,450$1,048$747$526$110
29 years$1,884$1,368$975$685$475$92
30 years$1,801$1,291$908$628$429$78
31 years$1,724$1,221$847$577$388$66
32 years$1,652$1,155$790$530$351$55
33 years$1,585$1,094$738$488$318$47
34 years$1,521$1,037$689$449$287$39
35 years$1,462$983$644$413$260$33
36 years$1,406$933$603$380$236$28
37 years$1,353$887$564$351$214$24
38 years$1,302$843$528$323$194$20
39 years$1,255$801$495$298$176$17
40 years$1,210$762$464$275$159$14
41 years$1,167$726$435$253$145$12
42 years$1,127$691$408$234$131$10
43 years$1,088$658$383$216$119$9
44 years$1,052$628$359$199$108$7
45 years$1,017$598$337$184$98$6
46 years$983$571$317$170$89$5
47 years$951$545$298$157$81$4
48 years$921$520$280$145$73$4
49 years$892$497$263$134$67$3
50 years$864$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $885,000, adding $4,602 every year, while hoping to spend $44,296 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: 34/40/26 Blend
50$885,000$885,000$885,000$885,000
51$980,017$933,112$919,394$1,005,478
52$1,032,848$931,704$903,064$1,023,561
53$1,089,583$928,742$884,701$1,038,736
54$1,150,574$924,104$864,192$1,054,227
55$1,216,207$917,659$841,416$1,070,093
56$1,286,904$909,268$816,248$1,086,401
57$1,363,132$898,786$788,556$1,103,229
58$1,445,402$886,057$758,203$1,120,665
59$1,534,274$870,916$725,044$1,138,813
60$1,630,368$853,188$688,930$1,157,791
61$1,734,360$832,688$649,704$1,177,733
62$1,846,996$809,222$607,201$1,198,791
63$1,969,097$782,581$561,250$1,221,142
64$2,101,565$752,547$511,671$1,244,981
65$2,245,389$718,887$458,277$1,270,534
66$2,401,663$681,356$400,873$1,298,054
67$2,571,584$639,694$339,254$1,327,825
68$2,756,473$593,627$273,206$1,360,171
69$2,957,782$542,864$202,508$1,395,453
70$3,177,110$487,098$126,926$1,434,080
71$3,416,214$426,005$46,217$1,476,509
72$3,677,031$359,242$0$1,523,254
73$3,961,691$286,447$0$1,585,963
74$4,272,538$207,238$0$1,668,609
75$4,612,154$121,210$0$1,759,155
76$4,983,382$27,937$0$1,858,486
77$5,389,350$0$0$1,967,585
78$5,833,503$0$0$2,119,687
79$6,319,634$0$0$2,299,752
80$6,851,921$0$0$2,497,044
81$7,434,963$0$0$2,713,286
82$8,073,825$0$0$2,950,373
83$8,774,088$0$0$3,210,394
84$9,541,894$0$0$3,495,647
85$10,384,012$0$0$3,808,667
86$11,307,894$0$0$4,152,244
87$12,321,750$0$0$4,529,451
88$13,434,624$0$0$4,943,673
89$14,656,477$0$0$5,398,642
90$15,998,282$0$0$5,898,465
91$17,472,126$0$0$6,447,668
92$19,091,326$0$0$7,051,238
93$20,870,551$0$0$7,714,668
94$22,825,963$0$0$8,444,011
95$24,975,365$0$0$9,245,934
96$27,338,372$0$0$10,127,782
97$29,936,595$0$0$11,097,651
98$32,793,843$0$0$12,164,456
99$35,936,346$0$0$13,338,023
100$39,393,008$0$0$14,629,176