Can I retire at age 51 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$73,661$73,004$72,364$71,739$71,129$70,387
2 years$36,466$35,786$35,128$34,490$33,871$33,123
3 years$24,069$23,387$22,730$22,098$21,489$20,759
4 years$17,872$17,192$16,542$15,920$15,326$14,620
5 years$14,154$13,479$12,837$12,228$11,651$10,970
6 years$11,677$11,006$10,374$9,779$9,219$8,565
7 years$9,908$9,243$8,621$8,040$7,497$6,870
8 years$8,582$7,923$7,311$6,745$6,220$5,619
9 years$7,551$6,898$6,297$5,745$5,238$4,664
10 years$6,727$6,081$5,490$4,952$4,463$3,915
11 years$6,053$5,413$4,833$4,310$3,838$3,316
12 years$5,492$4,859$4,290$3,780$3,326$2,829
13 years$5,018$4,391$3,832$3,337$2,901$2,428
14 years$4,611$3,991$3,443$2,963$2,543$2,094
15 years$4,259$3,646$3,109$2,642$2,239$1,813
16 years$3,952$3,345$2,819$2,366$1,979$1,576
17 years$3,681$3,081$2,565$2,126$1,754$1,373
18 years$3,440$2,847$2,341$1,916$1,560$1,200
19 years$3,225$2,638$2,143$1,731$1,390$1,051
20 years$3,032$2,452$1,967$1,568$1,242$922
21 years$2,857$2,284$1,809$1,423$1,111$810
22 years$2,698$2,132$1,668$1,294$996$713
23 years$2,554$1,994$1,540$1,178$894$628
24 years$2,421$1,868$1,424$1,075$804$554
25 years$2,300$1,753$1,319$981$723$489
26 years$2,188$1,648$1,223$897$651$432
27 years$2,084$1,551$1,136$821$587$382
28 years$1,988$1,461$1,056$752$530$338
29 years$1,899$1,378$983$690$479$299
30 years$1,816$1,302$915$633$432$265
31 years$1,738$1,231$853$582$391$234
32 years$1,666$1,164$796$535$354$208
33 years$1,597$1,103$743$492$320$184
34 years$1,534$1,045$695$452$290$163
35 years$1,473$991$649$416$262$145
36 years$1,417$941$607$383$238$129
37 years$1,363$894$569$353$216$114
38 years$1,313$849$532$326$195$101
39 years$1,265$807$499$300$177$90
40 years$1,220$768$468$277$161$80
41 years$1,176$731$438$255$146$71
42 years$1,136$696$411$236$132$63
43 years$1,097$664$386$218$120$56
44 years$1,060$633$362$201$109$50
45 years$1,025$603$340$186$99$44
46 years$991$575$319$171$90$39
47 years$959$549$300$158$82$35
48 years$928$524$282$146$74$31
49 years$899$501$265$135$67$27
50 years$871$478$249$125$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $892,000, adding $3,416 every year, while hoping to spend $39,801 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: 57/31/12 Blend
50$892,000$892,000$892,000$892,000
51$986,508$939,232$925,406$1,039,590
52$1,044,783$942,906$914,059$1,079,531
53$1,107,669$945,426$900,998$1,118,335
54$1,175,594$946,694$886,123$1,159,675
55$1,249,027$946,605$869,331$1,203,800
56$1,328,487$945,048$850,513$1,250,984
57$1,414,541$941,904$829,553$1,301,534
58$1,507,815$937,048$806,334$1,355,785
59$1,608,996$930,347$780,731$1,414,111
60$1,718,840$921,661$752,612$1,476,924
61$1,838,179$910,839$721,841$1,544,683
62$1,967,927$897,724$688,277$1,617,891
63$2,109,090$882,147$651,768$1,697,109
64$2,262,776$863,931$612,161$1,782,954
65$2,430,202$842,886$569,291$1,876,111
66$2,612,709$818,814$522,989$1,977,335
67$2,811,773$791,503$473,076$2,087,463
68$3,029,016$760,730$419,368$2,207,418
69$3,266,228$726,258$361,668$2,338,224
70$3,525,376$687,837$299,776$2,481,010
71$3,808,625$645,201$233,480$2,637,023
72$4,118,360$598,072$162,557$2,807,645
73$4,457,209$546,153$86,779$2,994,400
74$4,828,061$489,132$5,903$3,198,972
75$5,234,101$426,677$0$3,423,223
76$5,678,835$358,440$0$3,679,504
77$6,166,124$284,051$0$3,961,268
78$6,700,220$203,121$0$4,270,302
79$7,285,805$115,237$0$4,609,414
80$7,928,039$19,965$0$4,981,701
81$8,632,601$0$0$5,390,583
82$9,405,750$0$0$5,868,199
83$10,254,378$0$0$6,399,998
84$11,186,077$0$0$6,983,938
85$12,209,210$0$0$7,625,271
86$13,332,990$0$0$8,329,782
87$14,567,567$0$0$9,103,845
88$15,924,122$0$0$9,954,482
89$17,414,970$0$0$10,889,429
90$19,053,683$0$0$11,917,207
91$20,855,210$0$0$13,047,206
92$22,836,021$0$0$14,289,770
93$25,014,262$0$0$15,656,296
94$27,409,927$0$0$17,159,339
95$30,045,042$0$0$18,812,735
96$32,943,876$0$0$20,631,727
97$36,133,171$0$0$22,633,109
98$39,642,387$0$0$24,835,385
99$43,503,988$0$0$27,258,945
100$47,753,742$0$0$29,926,255