Can I retire at age 51 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$73,413$72,759$72,121$71,498$70,890$70,208
2 years$36,343$35,666$35,010$34,374$33,757$33,070
3 years$23,988$23,308$22,654$22,024$21,417$20,746
4 years$17,812$17,134$16,486$15,867$15,275$14,626
5 years$14,107$13,433$12,794$12,187$11,612$10,986
6 years$11,638$10,969$10,339$9,746$9,188$8,586
7 years$9,875$9,212$8,592$8,013$7,472$6,895
8 years$8,553$7,896$7,287$6,722$6,199$5,646
9 years$7,526$6,875$6,276$5,726$5,220$4,692
10 years$6,705$6,060$5,472$4,935$4,448$3,943
11 years$6,033$5,395$4,817$4,295$3,825$3,344
12 years$5,474$4,842$4,275$3,768$3,315$2,857
13 years$5,001$4,376$3,820$3,326$2,891$2,455
14 years$4,596$3,978$3,432$2,953$2,534$2,120
15 years$4,245$3,634$3,099$2,633$2,231$1,838
16 years$3,939$3,334$2,809$2,358$1,972$1,600
17 years$3,668$3,070$2,556$2,118$1,748$1,396
18 years$3,429$2,837$2,334$1,909$1,555$1,222
19 years$3,214$2,629$2,136$1,725$1,386$1,071
20 years$3,021$2,443$1,961$1,562$1,238$941
21 years$2,847$2,276$1,803$1,418$1,108$828
22 years$2,689$2,124$1,662$1,289$993$730
23 years$2,545$1,987$1,535$1,174$891$644
24 years$2,413$1,862$1,419$1,071$801$569
25 years$2,292$1,747$1,315$978$721$503
26 years$2,180$1,642$1,219$894$649$445
27 years$2,077$1,545$1,132$819$585$394
28 years$1,981$1,456$1,052$750$528$349
29 years$1,892$1,374$979$688$477$309
30 years$1,810$1,297$912$631$431$274
31 years$1,732$1,226$850$580$390$244
32 years$1,660$1,160$793$533$352$216
33 years$1,592$1,099$741$490$319$192
34 years$1,528$1,042$692$451$289$171
35 years$1,468$988$647$415$262$152
36 years$1,412$938$605$382$237$135
37 years$1,359$891$567$352$215$120
38 years$1,308$846$531$325$195$106
39 years$1,261$805$497$299$177$95
40 years$1,215$766$466$276$160$84
41 years$1,173$729$437$255$145$75
42 years$1,132$694$410$235$132$67
43 years$1,093$661$385$217$120$59
44 years$1,056$630$361$200$109$53
45 years$1,021$601$339$185$99$47
46 years$988$573$318$171$90$42
47 years$956$547$299$158$81$37
48 years$925$522$281$146$74$33
49 years$896$499$264$135$67$29
50 years$868$477$248$125$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $889,000, adding $2,328 every year, while hoping to spend $24,126 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: 60/21/19 Blend
50$889,000$889,000$889,000$889,000
51$982,079$934,962$921,183$1,036,015
52$1,056,582$955,106$926,373$1,092,918
53$1,137,874$975,427$930,928$1,152,103
54$1,226,625$995,911$934,801$1,216,122
55$1,323,568$1,016,537$937,944$1,285,449
56$1,429,511$1,037,287$940,305$1,360,602
57$1,545,346$1,058,139$941,829$1,442,156
58$1,672,051$1,079,068$942,461$1,530,742
59$1,810,706$1,100,048$942,139$1,627,055
60$1,962,500$1,121,052$940,802$1,731,863
61$2,128,740$1,142,048$938,384$1,846,012
62$2,310,868$1,163,005$934,816$1,970,434
63$2,510,470$1,183,885$930,026$2,106,156
64$2,729,294$1,204,652$923,938$2,254,310
65$2,969,265$1,225,263$916,473$2,416,145
66$3,232,502$1,245,674$907,547$2,593,036
67$3,521,342$1,265,836$897,075$2,786,499
68$3,838,356$1,285,699$884,964$2,998,206
69$4,186,377$1,305,207$871,119$3,230,000
70$4,568,527$1,324,301$855,440$3,483,911
71$4,988,242$1,342,918$837,823$3,762,179
72$5,449,311$1,360,989$818,159$4,067,271
73$5,955,905$1,378,442$796,332$4,401,906
74$6,512,621$1,395,199$772,222$4,769,085
75$7,124,522$1,411,178$745,706$5,172,112
76$7,797,187$1,426,290$716,651$5,614,630
77$8,536,762$1,440,439$684,920$6,100,655
78$9,350,018$1,453,527$650,371$6,634,615
79$10,244,414$1,465,444$612,853$7,221,389
80$11,228,171$1,476,078$572,210$7,866,357
81$12,310,344$1,485,305$528,279$8,575,446
82$13,500,912$1,492,997$480,888$9,355,192
83$14,810,866$1,499,016$429,860$10,212,799
84$16,252,321$1,503,214$375,007$11,156,208
85$17,838,624$1,505,437$316,135$12,194,170
86$19,584,479$1,505,519$253,041$13,336,333
87$21,506,090$1,503,284$185,512$14,593,330
88$23,621,311$1,498,545$113,326$15,976,882
89$25,949,815$1,491,104$36,253$17,499,908
90$28,513,279$1,480,751$0$19,176,646
91$31,335,589$1,467,263$0$21,032,117
92$34,443,064$1,450,404$0$23,082,745
93$37,864,705$1,429,923$0$25,340,291
94$41,632,471$1,405,554$0$27,825,828
95$45,781,573$1,377,017$0$30,562,575
96$50,350,816$1,344,013$0$33,576,124
97$55,382,956$1,306,227$0$36,894,677
98$60,925,110$1,263,324$0$40,549,311
99$67,029,196$1,214,952$0$44,574,278
100$73,752,425$1,160,736$0$49,007,322