Can I retire at age 51 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$73,743$73,086$72,445$71,820$71,209$68,710
2 years$36,506$35,827$35,168$34,529$33,909$31,417
3 years$24,096$23,413$22,756$22,123$21,513$19,107
4 years$17,892$17,211$16,560$15,938$15,343$13,042
5 years$14,170$13,494$12,852$12,242$11,664$9,473
6 years$11,690$11,019$10,386$9,790$9,229$7,150
7 years$9,919$9,253$8,631$8,049$7,506$5,538
8 years$8,592$7,932$7,320$6,752$6,227$4,369
9 years$7,560$6,906$6,304$5,751$5,244$3,493
10 years$6,735$6,087$5,496$4,958$4,468$2,822
11 years$6,060$5,419$4,839$4,315$3,843$2,298
12 years$5,498$4,864$4,294$3,785$3,330$1,883
13 years$5,023$4,396$3,837$3,341$2,904$1,551
14 years$4,616$3,996$3,447$2,966$2,545$1,282
15 years$4,264$3,650$3,112$2,645$2,241$1,063
16 years$3,956$3,349$2,822$2,368$1,981$884
17 years$3,685$3,084$2,568$2,128$1,756$737
18 years$3,444$2,850$2,344$1,918$1,562$615
19 years$3,229$2,641$2,146$1,733$1,392$514
20 years$3,035$2,454$1,969$1,569$1,243$431
21 years$2,860$2,286$1,811$1,424$1,113$361
22 years$2,701$2,134$1,670$1,295$997$303
23 years$2,557$1,996$1,542$1,179$895$254
24 years$2,424$1,870$1,426$1,076$805$213
25 years$2,302$1,755$1,320$982$724$179
26 years$2,190$1,649$1,225$898$652$151
27 years$2,086$1,552$1,137$822$588$127
28 years$1,990$1,463$1,057$753$531$107
29 years$1,901$1,380$984$691$479$90
30 years$1,818$1,303$916$634$433$75
31 years$1,740$1,232$854$582$391$64
32 years$1,667$1,166$797$535$354$53
33 years$1,599$1,104$744$492$320$45
34 years$1,535$1,046$695$453$290$38
35 years$1,475$992$650$417$263$32
36 years$1,418$942$608$384$238$27
37 years$1,365$895$569$354$216$23
38 years$1,314$850$533$326$196$19
39 years$1,266$808$499$301$177$16
40 years$1,221$769$468$277$161$14
41 years$1,178$732$439$256$146$11
42 years$1,137$697$412$236$132$10
43 years$1,098$664$386$218$120$8
44 years$1,061$633$363$201$109$7
45 years$1,026$604$341$186$99$6
46 years$992$576$320$172$90$5
47 years$960$550$300$159$82$4
48 years$929$525$282$147$74$3
49 years$900$501$265$135$67$3
50 years$872$479$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $893,000, adding $4,593 every year, while hoping to spend $25,845 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: 40/39/21 Blend
50$893,000$893,000$893,000$893,000
51$988,824$941,495$927,653$1,022,064
52$1,062,185$960,129$931,231$1,064,960
53$1,142,163$978,810$934,062$1,108,529
54$1,229,405$997,513$936,094$1,155,138
55$1,324,624$1,016,211$937,273$1,205,078
56$1,428,604$1,034,875$937,541$1,258,670
57$1,542,210$1,053,472$936,837$1,316,268
58$1,666,393$1,071,969$935,098$1,378,266
59$1,802,198$1,090,329$932,257$1,445,093
60$1,950,780$1,108,513$928,245$1,517,228
61$2,113,407$1,126,477$922,989$1,595,197
62$2,291,476$1,144,176$916,411$1,679,580
63$2,486,528$1,161,562$908,432$1,771,019
64$2,700,256$1,178,581$898,966$1,870,220
65$2,934,528$1,195,177$887,928$1,977,965
66$3,191,399$1,211,290$875,223$2,095,115
67$3,473,134$1,226,856$860,755$2,222,622
68$3,782,226$1,241,804$844,423$2,361,533
69$4,121,424$1,256,063$826,121$2,513,008
70$4,493,751$1,269,552$805,739$2,678,323
71$4,902,543$1,282,189$783,159$2,858,889
72$5,351,469$1,293,884$758,263$3,056,261
73$5,844,576$1,304,540$730,921$3,272,156
74$6,386,317$1,314,058$701,002$3,508,467
75$6,981,603$1,322,328$668,367$3,767,284
76$7,635,840$1,329,236$632,871$4,050,912
77$8,354,986$1,334,658$594,362$4,361,895
78$9,145,604$1,338,466$552,682$4,703,037
79$10,014,925$1,340,520$507,666$5,077,433
80$10,970,915$1,340,674$459,141$5,488,499
81$12,022,352$1,338,770$406,926$5,940,000
82$13,178,906$1,334,645$350,833$6,436,089
83$14,451,233$1,328,120$290,664$6,981,350
84$15,851,071$1,319,011$226,213$7,580,835
85$17,391,356$1,307,118$157,267$8,240,120
86$19,086,340$1,292,232$83,601$8,965,352
87$20,951,725$1,274,130$4,980$9,763,311
88$23,004,815$1,252,576$0$10,641,475
89$25,264,674$1,227,321$0$11,625,775
90$27,752,311$1,198,099$0$12,709,961
91$30,490,871$1,164,630$0$13,903,003
92$33,505,861$1,126,618$0$15,216,024
93$36,825,385$1,083,748$0$16,661,282
94$40,480,411$1,035,689$0$18,252,292
95$44,505,063$982,088$0$20,003,952
96$48,936,942$922,573$0$21,932,683
97$53,817,483$856,752$0$24,056,588
98$59,192,341$784,208$0$26,395,622
99$65,111,827$704,502$0$28,971,782
100$71,631,380$617,169$0$31,809,313