Can I retire at age 51 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$73,578$72,923$72,283$71,659$71,050$69,701
2 years$36,425$35,746$35,089$34,451$33,833$32,479
3 years$24,042$23,361$22,705$22,073$21,465$20,149
4 years$17,852$17,173$16,523$15,903$15,309$14,040
5 years$14,139$13,463$12,823$12,215$11,638$10,420
6 years$11,664$10,994$10,363$9,768$9,209$8,043
7 years$9,897$9,233$8,611$8,031$7,489$6,376
8 years$8,573$7,914$7,303$6,737$6,213$5,153
9 years$7,543$6,891$6,290$5,738$5,232$4,224
10 years$6,720$6,074$5,484$4,947$4,458$3,501
11 years$6,046$5,407$4,828$4,305$3,834$2,926
12 years$5,486$4,853$4,285$3,776$3,323$2,463
13 years$5,012$4,386$3,828$3,334$2,897$2,085
14 years$4,606$3,987$3,440$2,959$2,540$1,773
15 years$4,255$3,642$3,105$2,639$2,236$1,514
16 years$3,947$3,341$2,816$2,363$1,976$1,296
17 years$3,677$3,077$2,562$2,123$1,752$1,113
18 years$3,436$2,843$2,339$1,913$1,558$958
19 years$3,221$2,635$2,141$1,729$1,389$826
20 years$3,028$2,449$1,965$1,566$1,240$713
21 years$2,854$2,281$1,807$1,421$1,110$617
22 years$2,695$2,129$1,666$1,292$995$534
23 years$2,551$1,991$1,538$1,177$893$463
24 years$2,419$1,866$1,422$1,073$803$402
25 years$2,297$1,751$1,317$980$722$349
26 years$2,185$1,646$1,222$896$651$303
27 years$2,082$1,549$1,135$820$587$263
28 years$1,986$1,459$1,055$752$529$229
29 years$1,897$1,377$982$689$478$199
30 years$1,814$1,300$914$633$432$174
31 years$1,736$1,229$852$581$391$151
32 years$1,664$1,163$795$534$353$132
33 years$1,596$1,101$743$491$320$115
34 years$1,532$1,044$694$452$289$100
35 years$1,472$990$649$416$262$87
36 years$1,415$940$607$383$238$76
37 years$1,362$893$568$353$215$66
38 years$1,311$848$532$325$195$58
39 years$1,263$807$498$300$177$50
40 years$1,218$767$467$277$161$44
41 years$1,175$730$438$255$146$38
42 years$1,134$696$411$236$132$33
43 years$1,096$663$385$217$120$29
44 years$1,059$632$362$201$109$25
45 years$1,023$603$340$185$99$22
46 years$990$575$319$171$90$19
47 years$958$549$300$158$81$17
48 years$927$524$282$146$74$15
49 years$898$500$265$135$67$13
50 years$870$478$249$125$61$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $891,000, adding $3,162 every year, while hoping to spend $27,788 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: 46/41/13 Blend
50$891,000$891,000$891,000$891,000
51$985,144$937,921$924,110$1,026,705
52$1,056,062$954,312$925,502$1,072,235
53$1,133,283$970,576$926,008$1,118,509
54$1,217,419$986,676$925,571$1,168,094
55$1,309,147$1,002,574$924,129$1,221,307
56$1,409,209$1,018,229$921,616$1,278,499
57$1,518,422$1,033,597$917,964$1,340,055
58$1,637,688$1,048,630$913,103$1,406,404
59$1,767,997$1,063,277$906,957$1,478,014
60$1,910,441$1,077,486$899,448$1,555,406
61$2,066,220$1,091,197$890,493$1,639,153
62$2,236,658$1,104,349$880,008$1,729,886
63$2,423,210$1,116,875$867,901$1,828,305
64$2,627,480$1,128,705$854,079$1,935,178
65$2,851,235$1,139,763$838,442$2,051,355
66$3,096,419$1,149,969$820,888$2,177,775
67$3,365,174$1,159,238$801,308$2,315,470
68$3,659,859$1,167,478$779,589$2,465,584
69$3,983,072$1,174,592$755,613$2,629,374
70$4,337,675$1,180,476$729,256$2,808,232
71$4,726,820$1,185,022$700,388$3,003,690
72$5,153,978$1,188,111$668,874$3,217,439
73$5,622,975$1,189,620$634,572$3,451,347
74$6,138,024$1,189,416$597,335$3,707,472
75$6,703,765$1,187,360$557,009$3,988,087
76$7,325,310$1,183,302$513,430$4,295,696
77$8,008,293$1,177,085$466,431$4,633,066
78$8,758,918$1,168,541$415,836$5,003,244
79$9,584,021$1,157,493$361,459$5,409,597
80$10,491,132$1,143,751$303,110$5,855,833
81$11,488,550$1,127,117$240,586$6,346,048
82$12,585,415$1,107,378$173,678$6,884,755
83$13,791,798$1,084,311$102,167$7,476,935
84$15,118,796$1,057,677$25,825$8,128,079
85$16,578,636$1,027,226$0$8,844,245
86$18,184,788$992,691$0$9,639,833
87$19,952,094$953,791$0$10,518,817
88$21,896,908$910,226$0$11,485,772
89$24,037,248$861,683$0$12,549,696
90$26,392,968$807,827$0$13,720,510
91$28,985,946$748,305$0$15,009,152
92$31,840,286$682,745$0$16,427,680
93$34,982,548$610,753$0$17,989,390
94$38,441,999$531,911$0$19,708,936
95$42,250,888$445,780$0$21,602,479
96$46,444,750$351,894$0$23,687,829
97$51,062,740$249,763$0$25,984,625
98$56,148,005$138,866$0$28,514,515
99$61,748,088$18,657$0$31,301,364
100$67,915,378$0$0$34,371,480