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%13.2%
1 years$73,248$72,595$71,959$71,337$70,731$69,789
2 years$36,261$35,586$34,931$34,297$33,681$32,734
3 years$23,934$23,256$22,603$21,974$21,369$20,445
4 years$17,772$17,095$16,449$15,831$15,240$14,348
5 years$14,075$13,403$12,765$12,160$11,585$10,727
6 years$11,612$10,945$10,316$9,724$9,167$8,343
7 years$9,853$9,191$8,573$7,995$7,455$6,666
8 years$8,534$7,879$7,270$6,707$6,185$5,431
9 years$7,509$6,860$6,262$5,713$5,209$4,489
10 years$6,689$6,047$5,459$4,924$4,438$3,752
11 years$6,019$5,383$4,806$4,286$3,817$3,164
12 years$5,461$4,831$4,265$3,759$3,308$2,688
13 years$4,990$4,366$3,811$3,319$2,884$2,296
14 years$4,585$3,969$3,424$2,946$2,528$1,971
15 years$4,236$3,625$3,092$2,627$2,226$1,699
16 years$3,930$3,326$2,803$2,352$1,967$1,469
17 years$3,660$3,063$2,551$2,114$1,745$1,274
18 years$3,421$2,831$2,328$1,905$1,551$1,108
19 years$3,207$2,623$2,131$1,721$1,383$965
20 years$3,015$2,438$1,956$1,559$1,235$842
21 years$2,841$2,271$1,799$1,415$1,105$736
22 years$2,683$2,120$1,658$1,286$991$644
23 years$2,539$1,983$1,531$1,172$889$565
24 years$2,408$1,857$1,416$1,068$799$495
25 years$2,287$1,743$1,312$976$719$435
26 years$2,175$1,638$1,216$892$648$382
27 years$2,072$1,542$1,130$817$584$336
28 years$1,977$1,453$1,050$748$527$295
29 years$1,888$1,371$977$686$476$260
30 years$1,806$1,294$910$630$430$229
31 years$1,728$1,224$849$578$389$202
32 years$1,656$1,158$792$532$352$178
33 years$1,588$1,096$739$489$318$157
34 years$1,525$1,039$691$450$288$138
35 years$1,465$986$646$414$261$122
36 years$1,409$936$604$381$236$107
37 years$1,356$889$565$351$214$95
38 years$1,305$844$529$324$194$84
39 years$1,258$803$496$299$176$74
40 years$1,213$764$465$275$160$65
41 years$1,170$727$436$254$145$57
42 years$1,129$693$409$234$132$51
43 years$1,091$660$384$216$119$45
44 years$1,054$629$360$200$108$40
45 years$1,019$600$338$185$98$35
46 years$985$572$318$170$89$31
47 years$954$546$298$158$81$27
48 years$923$521$280$146$74$24
49 years$894$498$264$135$67$21
50 years$866$476$248$124$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $887,000, adding $5,629 every year, while hoping to spend $42,400 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: 36/43/21 Blend
50$887,000$887,000$887,000$887,000
51$983,280$936,269$922,521$1,012,253
52$1,038,462$937,033$908,312$1,034,706
53$1,097,850$936,414$892,206$1,054,584
54$1,161,831$934,298$874,095$1,075,176
55$1,230,826$930,566$853,865$1,096,572
56$1,305,298$925,092$831,397$1,118,872
57$1,385,758$917,741$806,569$1,142,192
58$1,472,765$908,370$779,249$1,166,661
59$1,566,935$896,829$749,302$1,192,425
60$1,668,945$882,956$716,586$1,219,651
61$1,779,539$866,582$680,953$1,248,525
62$1,899,535$847,527$642,248$1,279,256
63$2,029,833$825,601$600,308$1,312,080
64$2,171,422$800,602$554,965$1,347,264
65$2,325,391$772,316$506,040$1,385,103
66$2,492,939$740,517$453,350$1,425,931
67$2,675,382$704,966$396,702$1,470,122
68$2,874,172$665,410$335,892$1,518,092
69$3,090,905$621,582$270,711$1,570,310
70$3,327,336$573,199$200,940$1,627,296
71$3,585,400$519,962$126,347$1,689,633
72$3,867,225$461,554$46,694$1,757,971
73$4,175,154$397,642$0$1,833,035
74$4,511,766$327,872$0$1,924,216
75$4,879,900$251,873$0$2,035,553
76$5,282,685$169,249$0$2,157,635
77$5,723,562$79,585$0$2,291,640
78$6,206,322$0$0$2,438,873
79$6,735,142$0$0$2,609,088
80$7,314,618$0$0$2,836,997
81$7,949,814$0$0$3,086,949
82$8,646,307$0$0$3,361,155
83$9,410,238$0$0$3,662,048
84$10,248,375$0$0$3,992,311
85$11,168,167$0$0$4,354,898
86$12,177,823$0$0$4,753,063
87$13,286,386$0$0$5,190,391
88$14,503,814$0$0$5,670,831
89$15,841,079$0$0$6,198,733
90$17,310,269$0$0$6,778,889
91$18,924,698$0$0$7,416,579
92$20,699,035$0$0$8,117,621
93$22,649,442$0$0$8,888,422
94$24,793,722$0$0$9,736,043
95$27,151,490$0$0$10,668,263
96$29,744,358$0$0$11,693,652
97$32,596,137$0$0$12,821,654
98$35,733,059$0$0$14,062,673
99$39,184,029$0$0$15,428,171
100$42,980,893$0$0$16,930,780