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%17.5%
1 years$73,248$72,595$71,959$71,337$70,731$68,576
2 years$36,261$35,586$34,931$34,297$33,681$31,529
3 years$23,934$23,256$22,603$21,974$21,369$19,287
4 years$17,772$17,095$16,449$15,831$15,240$13,244
5 years$14,075$13,403$12,765$12,160$11,585$9,680
6 years$11,612$10,945$10,316$9,724$9,167$7,355
7 years$9,853$9,191$8,573$7,995$7,455$5,736
8 years$8,534$7,879$7,270$6,707$6,185$4,557
9 years$7,509$6,860$6,262$5,713$5,209$3,671
10 years$6,689$6,047$5,459$4,924$4,438$2,988
11 years$6,019$5,383$4,806$4,286$3,817$2,452
12 years$5,461$4,831$4,265$3,759$3,308$2,025
13 years$4,990$4,366$3,811$3,319$2,884$1,681
14 years$4,585$3,969$3,424$2,946$2,528$1,402
15 years$4,236$3,625$3,092$2,627$2,226$1,173
16 years$3,930$3,326$2,803$2,352$1,967$984
17 years$3,660$3,063$2,551$2,114$1,745$827
18 years$3,421$2,831$2,328$1,905$1,551$697
19 years$3,207$2,623$2,131$1,721$1,383$588
20 years$3,015$2,438$1,956$1,559$1,235$497
21 years$2,841$2,271$1,799$1,415$1,105$420
22 years$2,683$2,120$1,658$1,286$991$356
23 years$2,539$1,983$1,531$1,172$889$301
24 years$2,408$1,857$1,416$1,068$799$256
25 years$2,287$1,743$1,312$976$719$217
26 years$2,175$1,638$1,216$892$648$184
27 years$2,072$1,542$1,130$817$584$156
28 years$1,977$1,453$1,050$748$527$133
29 years$1,888$1,371$977$686$476$113
30 years$1,806$1,294$910$630$430$96
31 years$1,728$1,224$849$578$389$81
32 years$1,656$1,158$792$532$352$69
33 years$1,588$1,096$739$489$318$59
34 years$1,525$1,039$691$450$288$50
35 years$1,465$986$646$414$261$43
36 years$1,409$936$604$381$236$36
37 years$1,356$889$565$351$214$31
38 years$1,305$844$529$324$194$26
39 years$1,258$803$496$299$176$22
40 years$1,213$764$465$275$160$19
41 years$1,170$727$436$254$145$16
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$8
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$4
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 $6,375 every year, while hoping to spend $58,681 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: 72/5/23 Blend
50$887,000$887,000$887,000$887,000
51$984,050$937,039$923,290$1,048,853
52$1,021,987$920,518$891,784$1,076,367
53$1,061,827$901,220$857,256$1,098,923
54$1,103,701$878,948$819,543$1,122,184
55$1,147,755$853,493$778,473$1,146,215
56$1,194,143$824,631$733,870$1,171,086
57$1,243,036$792,129$685,545$1,196,874
58$1,294,620$755,737$633,305$1,223,669
59$1,349,097$715,194$576,946$1,251,567
60$1,406,686$670,220$516,255$1,280,680
61$1,467,629$620,522$451,011$1,311,130
62$1,532,189$565,788$380,981$1,343,053
63$1,600,651$505,691$305,923$1,376,605
64$1,673,330$439,883$225,584$1,411,954
65$1,750,569$367,996$139,700$1,449,292
66$1,832,743$289,644$47,996$1,488,830
67$1,920,263$204,416$0$1,530,804
68$2,013,578$111,881$0$1,587,717
69$2,113,180$11,581$0$1,660,987
70$2,219,610$0$0$1,739,226
71$2,333,459$0$0$1,828,211
72$2,455,375$0$0$1,924,212
73$2,586,069$0$0$2,027,154
74$2,726,322$0$0$2,137,657
75$2,876,990$0$0$2,256,399
76$3,039,012$0$0$2,384,125
77$3,213,420$0$0$2,521,652
78$3,401,347$0$0$2,669,879
79$3,604,038$0$0$2,829,793
80$3,822,860$0$0$3,002,476
81$4,059,315$0$0$3,189,120
82$4,315,053$0$0$3,391,035
83$4,591,890$0$0$3,609,658
84$4,891,820$0$0$3,846,572
85$5,217,038$0$0$4,103,517
86$5,569,954$0$0$4,382,404
87$5,953,222$0$0$4,685,339
88$6,369,761$0$0$5,014,634
89$6,822,780$0$0$5,372,837
90$7,315,810$0$0$5,762,747
91$7,852,739$0$0$6,187,447
92$8,437,842$0$0$6,650,330
93$9,075,825$0$0$7,155,127
94$9,771,868$0$0$7,705,946
95$10,531,673$0$0$8,307,311
96$11,361,514$0$0$8,964,199
97$12,268,301$0$0$9,682,090
98$13,259,639$0$0$10,467,017
99$14,343,903$0$0$11,325,623
100$15,530,313$0$0$12,265,223