Can I retire at age 51 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,495$72,841$72,202$71,579$70,970$68,561
2 years$36,384$35,706$35,050$34,413$33,795$31,392
3 years$24,015$23,334$22,679$22,049$21,441$19,120
4 years$17,832$17,153$16,505$15,885$15,292$13,070
5 years$14,123$13,448$12,808$12,201$11,625$9,508
6 years$11,651$10,982$10,351$9,757$9,198$7,188
7 years$9,886$9,222$8,602$8,022$7,481$5,577
8 years$8,563$7,905$7,295$6,729$6,206$4,408
9 years$7,534$6,883$6,283$5,732$5,226$3,531
10 years$6,712$6,067$5,478$4,941$4,453$2,858
11 years$6,040$5,401$4,823$4,300$3,830$2,332
12 years$5,480$4,848$4,280$3,772$3,319$1,914
13 years$5,006$4,381$3,824$3,330$2,894$1,580
14 years$4,601$3,982$3,436$2,956$2,537$1,309
15 years$4,250$3,638$3,102$2,636$2,234$1,088
16 years$3,943$3,338$2,812$2,360$1,974$907
17 years$3,673$3,074$2,559$2,121$1,750$757
18 years$3,432$2,840$2,336$1,911$1,556$634
19 years$3,218$2,632$2,139$1,727$1,387$531
20 years$3,025$2,446$1,963$1,564$1,239$446
21 years$2,851$2,278$1,805$1,420$1,109$374
22 years$2,692$2,127$1,664$1,291$994$315
23 years$2,548$1,989$1,536$1,175$892$265
24 years$2,416$1,864$1,421$1,072$802$223
25 years$2,295$1,749$1,316$979$722$188
26 years$2,183$1,644$1,221$895$650$158
27 years$2,079$1,547$1,133$819$586$133
28 years$1,984$1,458$1,054$751$529$112
29 years$1,895$1,375$980$688$477$95
30 years$1,812$1,299$913$632$431$80
31 years$1,734$1,228$851$580$390$68
32 years$1,662$1,162$794$533$353$57
33 years$1,594$1,100$742$490$319$48
34 years$1,530$1,043$693$451$289$41
35 years$1,470$989$648$415$262$34
36 years$1,414$939$606$383$237$29
37 years$1,360$892$567$352$215$24
38 years$1,310$847$531$325$195$21
39 years$1,262$806$498$300$177$17
40 years$1,217$767$467$276$160$15
41 years$1,174$730$437$255$145$12
42 years$1,133$695$410$235$132$10
43 years$1,094$662$385$217$120$9
44 years$1,057$631$361$201$109$7
45 years$1,022$602$339$185$99$6
46 years$989$574$319$171$90$5
47 years$957$548$299$158$81$5
48 years$926$523$281$146$74$4
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $890,000, adding $4,919 every year, while hoping to spend $43,570 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: 61/21/18 Blend
50$890,000$890,000$890,000$890,000
51$985,854$938,684$924,889$1,041,152
52$1,040,053$938,321$909,515$1,078,685
53$1,098,320$936,481$892,165$1,114,335
54$1,161,024$933,043$872,728$1,152,231
55$1,228,570$927,884$851,086$1,192,596
56$1,301,403$920,869$827,116$1,235,678
57$1,380,012$911,858$800,690$1,281,749
58$1,464,933$900,699$771,674$1,331,113
59$1,556,758$887,235$739,926$1,384,105
60$1,656,135$871,297$705,301$1,441,098
61$1,763,776$852,706$667,644$1,502,503
62$1,880,467$831,274$626,796$1,568,776
63$2,007,068$806,800$582,587$1,640,421
64$2,144,529$779,074$534,844$1,717,997
65$2,293,892$747,870$483,383$1,802,121
66$2,456,305$712,951$428,012$1,893,477
67$2,633,030$674,067$368,532$1,992,821
68$2,825,455$630,953$304,734$2,100,990
69$3,035,110$583,327$236,400$2,218,909
70$3,263,675$530,894$163,304$2,347,600
71$3,513,001$473,340$85,206$2,488,196
72$3,785,127$410,333$1,860$2,641,946
73$4,082,294$341,523$0$2,810,233
74$4,406,971$266,541$0$3,011,311
75$4,761,876$184,995$0$3,231,612
76$5,150,001$96,474$0$3,472,696
77$5,574,641$541$0$3,736,685
78$6,039,424$0$0$4,025,913
79$6,548,344$0$0$4,366,822
80$7,105,799$0$0$4,740,449
81$7,716,636$0$0$5,149,925
82$8,386,188$0$0$5,598,835
83$9,120,332$0$0$6,091,127
84$9,925,539$0$0$6,631,152
85$10,808,938$0$0$7,223,699
86$11,778,380$0$0$7,874,045
87$12,842,513$0$0$8,588,002
88$14,010,864$0$0$9,371,974
89$15,293,926$0$0$10,233,013
90$16,703,261$0$0$11,178,888
91$18,251,603$0$0$12,218,158
92$19,952,980$0$0$13,360,254
93$21,822,850$0$0$14,615,562
94$23,878,237$0$0$15,995,528
95$26,137,902$0$0$17,512,759
96$28,622,512$0$0$19,181,147
97$31,354,836$0$0$21,015,997
98$34,359,961$0$0$23,034,169
99$37,665,527$0$0$25,254,243
100$41,301,988$0$0$27,696,689