Can I retire at age 51 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$73,330$72,677$72,040$71,418$70,810$69,043
2 years$36,302$35,626$34,971$34,335$33,719$31,949
3 years$23,961$23,282$22,628$21,999$21,393$19,676
4 years$17,792$17,115$16,468$15,849$15,258$13,607
5 years$14,091$13,418$12,780$12,174$11,599$10,020
6 years$11,625$10,957$10,328$9,735$9,178$7,671
7 years$9,864$9,202$8,582$8,004$7,464$6,030
8 years$8,544$7,887$7,279$6,714$6,192$4,831
9 years$7,517$6,867$6,269$5,719$5,215$3,924
10 years$6,697$6,053$5,466$4,930$4,443$3,222
11 years$6,026$5,389$4,812$4,291$3,821$2,668
12 years$5,467$4,837$4,270$3,763$3,311$2,224
13 years$4,995$4,371$3,815$3,322$2,888$1,864
14 years$4,591$3,973$3,428$2,949$2,531$1,569
15 years$4,240$3,630$3,095$2,630$2,229$1,326
16 years$3,934$3,330$2,806$2,355$1,970$1,123
17 years$3,664$3,067$2,553$2,116$1,746$954
18 years$3,425$2,834$2,331$1,907$1,553$812
19 years$3,211$2,626$2,134$1,723$1,384$692
20 years$3,018$2,441$1,958$1,561$1,236$591
21 years$2,844$2,273$1,801$1,416$1,106$506
22 years$2,686$2,122$1,660$1,288$992$433
23 years$2,542$1,985$1,533$1,173$890$371
24 years$2,410$1,860$1,418$1,070$800$318
25 years$2,289$1,745$1,313$977$720$273
26 years$2,178$1,640$1,218$893$649$234
27 years$2,075$1,544$1,131$818$585$201
28 years$1,979$1,454$1,051$749$528$173
29 years$1,890$1,372$978$687$476$148
30 years$1,808$1,296$911$630$430$128
31 years$1,730$1,225$850$579$389$110
32 years$1,658$1,159$793$532$352$94
33 years$1,590$1,098$740$489$319$81
34 years$1,527$1,040$691$450$288$70
35 years$1,467$987$646$414$261$60
36 years$1,410$937$605$382$237$52
37 years$1,357$890$566$352$215$45
38 years$1,307$845$530$324$195$38
39 years$1,259$804$497$299$176$33
40 years$1,214$765$465$276$160$28
41 years$1,171$728$436$254$145$24
42 years$1,131$693$409$235$132$21
43 years$1,092$661$384$217$120$18
44 years$1,055$630$361$200$108$16
45 years$1,020$600$339$185$98$13
46 years$987$573$318$171$89$12
47 years$955$547$299$158$81$10
48 years$924$522$281$146$74$9
49 years$895$498$264$135$67$7
50 years$867$476$248$124$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $888,000, adding $2,886 every year, while hoping to spend $40,527 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: 30/44/26 Blend
50$888,000$888,000$888,000$888,000
51$981,553$934,489$920,725$1,003,051
52$1,038,551$937,158$908,449$1,022,634
53$1,100,004$938,601$894,403$1,039,924
54$1,166,325$938,712$878,486$1,057,710
55$1,237,965$937,384$860,590$1,076,060
56$1,315,422$934,500$840,604$1,095,057
57$1,399,242$929,937$818,411$1,114,791
58$1,490,025$923,565$793,888$1,135,370
59$1,588,431$915,244$766,908$1,156,912
60$1,695,188$904,827$737,336$1,179,555
61$1,811,093$892,160$705,033$1,203,452
62$1,937,025$877,076$669,851$1,228,778
63$2,073,950$859,401$631,639$1,255,732
64$2,222,930$838,949$590,237$1,284,537
65$2,385,136$815,524$545,477$1,315,442
66$2,561,854$788,919$497,184$1,348,732
67$2,754,500$758,913$445,177$1,384,725
68$2,964,633$725,274$389,265$1,423,776
69$3,193,969$687,756$329,249$1,466,286
70$3,444,396$646,098$264,920$1,512,704
71$3,717,993$600,025$196,064$1,563,532
72$4,017,048$549,246$122,451$1,619,330
73$4,344,081$493,453$43,848$1,680,728
74$4,701,866$432,321$0$1,748,425
75$5,093,458$365,506$0$1,834,311
76$5,522,220$292,646$0$1,941,854
77$5,991,856$213,356$0$2,059,924
78$6,506,447$127,231$0$2,189,683
79$7,070,483$33,844$0$2,332,417
80$7,688,913$0$0$2,489,554
81$8,367,186$0$0$2,695,238
82$9,111,304$0$0$2,939,008
83$9,927,877$0$0$3,206,662
84$10,824,189$0$0$3,500,604
85$11,808,260$0$0$3,823,485
86$12,888,927$0$0$4,178,223
87$14,075,922$0$0$4,568,034
88$15,379,969$0$0$4,996,460
89$16,812,881$0$0$5,467,404
90$18,387,670$0$0$5,985,165
91$20,118,674$0$0$6,554,480
92$22,021,688$0$0$7,180,568
93$24,114,112$0$0$7,869,180
94$26,415,120$0$0$8,626,650
95$28,945,833$0$0$9,459,959
96$31,729,525$0$0$10,376,797
97$34,791,837$0$0$11,385,639
98$38,161,020$0$0$12,495,820
99$41,868,203$0$0$13,717,628
100$45,947,684$0$0$15,062,398