Can I retire at age 51 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$73,165$72,513$71,877$71,257$70,651$68,499
2 years$36,220$35,546$34,892$34,258$33,643$31,494
3 years$23,907$23,230$22,577$21,950$21,345$19,265
4 years$17,752$17,076$16,431$15,813$15,223$13,229
5 years$14,059$13,388$12,751$12,146$11,572$9,670
6 years$11,599$10,932$10,305$9,713$9,157$7,347
7 years$9,842$9,181$8,563$7,986$7,447$5,730
8 years$8,524$7,870$7,262$6,699$6,178$4,552
9 years$7,501$6,852$6,255$5,706$5,203$3,667
10 years$6,682$6,040$5,453$4,919$4,433$2,985
11 years$6,013$5,377$4,801$4,281$3,813$2,449
12 years$5,455$4,826$4,261$3,755$3,304$2,023
13 years$4,984$4,361$3,807$3,315$2,881$1,679
14 years$4,580$3,964$3,420$2,943$2,526$1,400
15 years$4,231$3,621$3,088$2,624$2,224$1,171
16 years$3,925$3,323$2,800$2,350$1,965$982
17 years$3,656$3,060$2,548$2,111$1,743$826
18 years$3,417$2,828$2,326$1,903$1,549$696
19 years$3,203$2,621$2,129$1,719$1,381$587
20 years$3,011$2,435$1,954$1,557$1,234$496
21 years$2,838$2,268$1,797$1,413$1,104$420
22 years$2,680$2,117$1,656$1,285$989$355
23 years$2,536$1,980$1,529$1,170$888$301
24 years$2,405$1,855$1,414$1,067$798$255
25 years$2,284$1,741$1,310$975$718$217
26 years$2,173$1,636$1,215$891$647$184
27 years$2,070$1,540$1,128$816$583$156
28 years$1,975$1,451$1,049$747$526$133
29 years$1,886$1,369$976$685$475$113
30 years$1,804$1,293$909$629$430$96
31 years$1,726$1,222$848$578$388$81
32 years$1,654$1,156$791$531$351$69
33 years$1,587$1,095$738$488$318$59
34 years$1,523$1,038$690$449$288$50
35 years$1,463$985$645$414$261$43
36 years$1,407$934$603$381$236$36
37 years$1,354$888$565$351$214$31
38 years$1,304$843$529$323$194$26
39 years$1,256$802$496$298$176$22
40 years$1,211$763$464$275$160$19
41 years$1,169$726$435$254$145$16
42 years$1,128$692$409$234$131$14
43 years$1,089$659$383$216$119$12
44 years$1,053$628$360$200$108$10
45 years$1,018$599$338$184$98$8
46 years$984$572$317$170$89$7
47 years$952$545$298$157$81$6
48 years$922$521$280$145$74$5
49 years$893$497$263$134$67$4
50 years$865$475$248$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $886,000, adding $5,641 every year, while hoping to spend $20,193 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: 64/23/13 Blend
50$886,000$886,000$886,000$886,000
51$982,191$935,233$921,500$1,041,700
52$1,060,889$959,574$930,885$1,106,547
53$1,146,938$984,431$939,907$1,174,500
54$1,241,065$1,009,808$948,534$1,248,225
55$1,344,074$1,035,709$956,730$1,328,283
56$1,456,846$1,062,135$964,457$1,415,293
57$1,580,355$1,089,091$971,678$1,509,938
58$1,715,672$1,116,577$978,349$1,612,966
59$1,863,976$1,144,594$984,429$1,725,204
60$2,026,566$1,173,144$989,872$1,847,563
61$2,204,873$1,202,225$994,630$1,981,045
62$2,400,473$1,231,837$998,653$2,126,755
63$2,615,100$1,261,976$1,001,887$2,285,909
64$2,850,668$1,292,641$1,004,278$2,459,846
65$3,109,282$1,323,826$1,005,767$2,650,045
66$3,393,262$1,355,526$1,006,293$2,858,131
67$3,705,162$1,387,735$1,005,792$3,085,897
68$4,047,799$1,420,444$1,004,196$3,335,316
69$4,424,274$1,453,645$1,001,436$3,608,565
70$4,838,002$1,487,325$997,436$3,908,041
71$5,292,747$1,521,474$992,119$4,236,384
72$5,792,657$1,556,075$985,405$4,596,505
73$6,342,299$1,591,114$977,207$4,991,611
74$6,946,706$1,626,571$967,436$5,425,234
75$7,611,424$1,662,427$955,999$5,901,269
76$8,342,562$1,698,659$942,797$6,424,006
77$9,146,851$1,735,241$927,729$6,998,172
78$10,031,708$1,772,146$910,686$7,628,977
79$11,005,305$1,809,344$891,557$8,322,163
80$12,076,645$1,846,801$870,223$9,084,055
81$13,255,649$1,884,481$846,562$9,921,626
82$14,553,248$1,922,343$820,445$10,842,557
83$15,981,486$1,960,344$791,736$11,855,315
84$17,553,634$1,998,437$760,296$12,969,229
85$19,284,315$2,036,571$725,976$14,194,581
86$21,189,643$2,074,691$688,624$15,542,702
87$23,287,371$2,112,735$648,077$17,026,076
88$25,597,063$2,150,640$604,168$18,658,464
89$28,140,278$2,188,335$556,722$20,455,029
90$30,940,768$2,225,745$505,553$22,432,482
91$34,024,708$2,262,789$450,472$24,609,239
92$37,420,942$2,299,379$391,276$27,005,593
93$41,161,252$2,335,422$327,758$29,643,910
94$45,280,659$2,370,818$259,698$32,548,837
95$49,817,757$2,405,458$186,868$35,747,535
96$54,815,070$2,439,228$109,030$39,269,938
97$60,319,460$2,472,003$25,935$43,149,032
98$66,382,566$2,503,651$0$47,421,170
99$73,061,289$2,534,032$0$52,135,119
100$80,418,335$2,562,994$0$57,330,728