Can I retire at age 51 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$73,248$72,595$71,959$71,337$70,731$68,604
2 years$36,261$35,586$34,931$34,297$33,681$31,557
3 years$23,934$23,256$22,603$21,974$21,369$19,313
4 years$17,772$17,095$16,449$15,831$15,240$13,269
5 years$14,075$13,403$12,765$12,160$11,585$9,703
6 years$11,612$10,945$10,316$9,724$9,167$7,377
7 years$9,853$9,191$8,573$7,995$7,455$5,756
8 years$8,534$7,879$7,270$6,707$6,185$4,576
9 years$7,509$6,860$6,262$5,713$5,209$3,688
10 years$6,689$6,047$5,459$4,924$4,438$3,004
11 years$6,019$5,383$4,806$4,286$3,817$2,467
12 years$5,461$4,831$4,265$3,759$3,308$2,039
13 years$4,990$4,366$3,811$3,319$2,884$1,694
14 years$4,585$3,969$3,424$2,946$2,528$1,413
15 years$4,236$3,625$3,092$2,627$2,226$1,183
16 years$3,930$3,326$2,803$2,352$1,967$993
17 years$3,660$3,063$2,551$2,114$1,745$835
18 years$3,421$2,831$2,328$1,905$1,551$704
19 years$3,207$2,623$2,131$1,721$1,383$595
20 years$3,015$2,438$1,956$1,559$1,235$503
21 years$2,841$2,271$1,799$1,415$1,105$426
22 years$2,683$2,120$1,658$1,286$991$361
23 years$2,539$1,983$1,531$1,172$889$306
24 years$2,408$1,857$1,416$1,068$799$260
25 years$2,287$1,743$1,312$976$719$220
26 years$2,175$1,638$1,216$892$648$187
27 years$2,072$1,542$1,130$817$584$159
28 years$1,977$1,453$1,050$748$527$135
29 years$1,888$1,371$977$686$476$115
30 years$1,806$1,294$910$630$430$98
31 years$1,728$1,224$849$578$389$83
32 years$1,656$1,158$792$532$352$71
33 years$1,588$1,096$739$489$318$60
34 years$1,525$1,039$691$450$288$51
35 years$1,465$986$646$414$261$44
36 years$1,409$936$604$381$236$37
37 years$1,356$889$565$351$214$32
38 years$1,305$844$529$324$194$27
39 years$1,258$803$496$299$176$23
40 years$1,213$764$465$275$160$20
41 years$1,170$727$436$254$145$17
42 years$1,129$693$409$234$132$14
43 years$1,091$660$384$216$119$12
44 years$1,054$629$360$200$108$10
45 years$1,019$600$338$185$98$9
46 years$985$572$318$170$89$7
47 years$954$546$298$158$81$6
48 years$923$521$280$146$74$5
49 years$894$498$264$135$67$5
50 years$866$476$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 $887,000, adding $2,771 every year, while hoping to spend $46,597 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: 37/42/21 Blend
50$887,000$887,000$887,000$887,000
51$980,332$933,321$919,573$1,010,316
52$1,030,747$929,475$900,800$1,028,530
53$1,084,743$923,879$879,836$1,043,633
54$1,142,635$916,397$856,559$1,058,995
55$1,204,771$906,888$830,840$1,074,667
56$1,271,530$895,198$802,546$1,090,709
57$1,343,331$881,168$771,536$1,107,189
58$1,420,632$864,626$737,664$1,124,187
59$1,503,936$845,392$700,776$1,141,797
60$1,593,798$823,276$660,711$1,160,124
61$1,690,823$798,075$617,303$1,179,292
62$1,795,680$769,574$570,376$1,199,440
63$1,909,104$737,547$519,748$1,220,727
64$2,031,899$701,754$465,226$1,243,337
65$2,164,954$661,941$406,613$1,267,475
66$2,309,244$617,840$343,698$1,293,376
67$2,465,840$569,168$276,265$1,321,304
68$2,635,922$515,623$204,086$1,351,560
69$2,820,787$456,890$126,924$1,384,481
70$3,021,862$392,632$44,532$1,420,448
71$3,240,718$322,497$0$1,459,889
72$3,479,082$246,110$0$1,513,009
73$3,738,855$163,076$0$1,581,905
74$4,022,129$72,978$0$1,657,258
75$4,331,208$0$0$1,739,811
76$4,668,625$0$0$1,841,774
77$5,037,172$0$0$1,990,098
78$5,439,919$0$0$2,152,305
79$5,880,248$0$0$2,329,774
80$6,361,883$0$0$2,524,019
81$6,888,923$0$0$2,736,710
82$7,465,882$0$0$2,969,685
83$8,097,731$0$0$3,224,970
84$8,789,944$0$0$3,504,794
85$9,548,550$0$0$3,811,612
86$10,380,187$0$0$4,148,130
87$11,292,168$0$0$4,517,326
88$12,292,548$0$0$4,922,482
89$13,390,196$0$0$5,367,212
90$14,594,884$0$0$5,855,498
91$15,917,375$0$0$6,391,725
92$17,369,526$0$0$6,980,724
93$18,964,396$0$0$7,627,819
94$20,716,373$0$0$8,338,871
95$22,641,307$0$0$9,120,341
96$24,756,657$0$0$9,979,344
97$27,081,660$0$0$10,923,720
98$29,637,508$0$0$11,962,107
99$32,447,548$0$0$13,104,020
100$35,537,504$0$0$14,359,945