Can I retire at age 51 with 887,000?

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 $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%11.2%
1 years$73,248$72,595$71,959$71,337$70,731$70,373
2 years$36,261$35,586$34,931$34,297$33,681$33,321
3 years$23,934$23,256$22,603$21,974$21,369$21,016
4 years$17,772$17,095$16,449$15,831$15,240$14,898
5 years$14,075$13,403$12,765$12,160$11,585$11,255
6 years$11,612$10,945$10,316$9,724$9,167$8,849
7 years$9,853$9,191$8,573$7,995$7,455$7,149
8 years$8,534$7,879$7,270$6,707$6,185$5,891
9 years$7,509$6,860$6,262$5,713$5,209$4,927
10 years$6,689$6,047$5,459$4,924$4,438$4,168
11 years$6,019$5,383$4,806$4,286$3,817$3,559
12 years$5,461$4,831$4,265$3,759$3,308$3,061
13 years$4,990$4,366$3,811$3,319$2,884$2,649
14 years$4,585$3,969$3,424$2,946$2,528$2,304
15 years$4,236$3,625$3,092$2,627$2,226$2,013
16 years$3,930$3,326$2,803$2,352$1,967$1,765
17 years$3,660$3,063$2,551$2,114$1,745$1,552
18 years$3,421$2,831$2,328$1,905$1,551$1,369
19 years$3,207$2,623$2,131$1,721$1,383$1,210
20 years$3,015$2,438$1,956$1,559$1,235$1,071
21 years$2,841$2,271$1,799$1,415$1,105$950
22 years$2,683$2,120$1,658$1,286$991$844
23 years$2,539$1,983$1,531$1,172$889$751
24 years$2,408$1,857$1,416$1,068$799$669
25 years$2,287$1,743$1,312$976$719$597
26 years$2,175$1,638$1,216$892$648$532
27 years$2,072$1,542$1,130$817$584$476
28 years$1,977$1,453$1,050$748$527$425
29 years$1,888$1,371$977$686$476$380
30 years$1,806$1,294$910$630$430$340
31 years$1,728$1,224$849$578$389$305
32 years$1,656$1,158$792$532$352$273
33 years$1,588$1,096$739$489$318$245
34 years$1,525$1,039$691$450$288$219
35 years$1,465$986$646$414$261$197
36 years$1,409$936$604$381$236$176
37 years$1,356$889$565$351$214$158
38 years$1,305$844$529$324$194$142
39 years$1,258$803$496$299$176$127
40 years$1,213$764$465$275$160$114
41 years$1,170$727$436$254$145$103
42 years$1,129$693$409$234$132$92
43 years$1,091$660$384$216$119$83
44 years$1,054$629$360$200$108$74
45 years$1,019$600$338$185$98$67
46 years$985$572$318$170$89$60
47 years$954$546$298$158$81$54
48 years$923$521$280$146$74$49
49 years$894$498$264$135$67$44
50 years$866$476$248$124$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $887,000, adding $2,948 every year, while hoping to spend $32,207 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: 63/16/21 Blend
50$887,000$887,000$887,000$887,000
51$980,515$933,504$919,755$1,036,790
52$1,046,259$944,978$916,299$1,086,562
53$1,117,630$955,934$911,648$1,137,027
54$1,195,168$966,314$905,727$1,191,403
55$1,279,466$976,054$898,460$1,250,076
56$1,371,177$985,086$889,764$1,313,470
57$1,471,021$993,340$879,555$1,382,054
58$1,579,788$1,000,737$867,743$1,456,345
59$1,698,350$1,007,196$854,236$1,536,913
60$1,827,664$1,012,630$838,935$1,624,387
61$1,968,784$1,016,948$821,738$1,719,463
62$2,122,871$1,020,050$802,537$1,822,906
63$2,291,204$1,021,832$781,222$1,935,562
64$2,475,188$1,022,183$757,674$2,058,364
65$2,676,372$1,020,985$731,772$2,192,339
66$2,896,462$1,018,113$703,386$2,338,624
67$3,137,335$1,013,434$672,382$2,498,469
68$3,401,057$1,006,807$638,622$2,673,258
69$3,689,907$998,082$601,957$2,864,513
70$4,006,390$987,101$562,235$3,073,915
71$4,353,268$973,695$519,296$3,303,319
72$4,733,581$957,686$472,973$3,554,769
73$5,150,680$938,886$423,091$3,830,521
74$5,608,252$917,094$369,467$4,133,063
75$6,110,361$892,099$311,912$4,465,139
76$6,661,482$863,676$250,225$4,829,776
77$7,266,545$831,588$184,200$5,230,312
78$7,930,981$795,584$113,618$5,670,427
79$8,660,772$755,398$38,255$6,154,181
80$9,462,507$710,750$0$6,686,052
81$10,343,447$661,341$0$7,280,425
82$11,311,589$606,857$0$7,943,057
83$12,375,745$546,967$0$8,671,428
84$13,545,622$481,319$0$9,472,219
85$14,831,914$409,542$0$10,352,792
86$16,246,403$331,244$0$11,321,259
87$17,802,073$246,011$0$12,386,565
88$19,513,224$153,405$0$13,558,566
89$21,395,616$52,965$0$14,848,123
90$23,466,611$0$0$16,267,208
91$25,745,340$0$0$17,838,841
92$28,252,881$0$0$19,578,620
93$31,012,459$0$0$21,493,344
94$34,049,665$0$0$23,600,777
95$37,392,694$0$0$25,920,494
96$41,072,616$0$0$28,474,065
97$45,123,665$0$0$31,285,254
98$49,583,562$0$0$34,380,250
99$54,493,874$0$0$37,787,908
100$59,900,400$0$0$41,540,025