Can I retire at age 51 with 893,000?

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 $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%17%
1 years$73,743$73,086$72,445$71,820$71,209$69,179
2 years$36,506$35,827$35,168$34,529$33,909$31,880
3 years$24,096$23,413$22,756$22,123$21,513$19,548
4 years$17,892$17,211$16,560$15,938$15,343$13,458
5 years$14,170$13,494$12,852$12,242$11,664$9,862
6 years$11,690$11,019$10,386$9,790$9,229$7,514
7 years$9,919$9,253$8,631$8,049$7,506$5,877
8 years$8,592$7,932$7,320$6,752$6,227$4,683
9 years$7,560$6,906$6,304$5,751$5,244$3,783
10 years$6,735$6,087$5,496$4,958$4,468$3,089
11 years$6,060$5,419$4,839$4,315$3,843$2,543
12 years$5,498$4,864$4,294$3,785$3,330$2,108
13 years$5,023$4,396$3,837$3,341$2,904$1,756
14 years$4,616$3,996$3,447$2,966$2,545$1,469
15 years$4,264$3,650$3,112$2,645$2,241$1,233
16 years$3,956$3,349$2,822$2,368$1,981$1,038
17 years$3,685$3,084$2,568$2,128$1,756$876
18 years$3,444$2,850$2,344$1,918$1,562$741
19 years$3,229$2,641$2,146$1,733$1,392$627
20 years$3,035$2,454$1,969$1,569$1,243$532
21 years$2,860$2,286$1,811$1,424$1,113$452
22 years$2,701$2,134$1,670$1,295$997$384
23 years$2,557$1,996$1,542$1,179$895$327
24 years$2,424$1,870$1,426$1,076$805$278
25 years$2,302$1,755$1,320$982$724$237
26 years$2,190$1,649$1,225$898$652$202
27 years$2,086$1,552$1,137$822$588$172
28 years$1,990$1,463$1,057$753$531$147
29 years$1,901$1,380$984$691$479$125
30 years$1,818$1,303$916$634$433$107
31 years$1,740$1,232$854$582$391$91
32 years$1,667$1,166$797$535$354$78
33 years$1,599$1,104$744$492$320$66
34 years$1,535$1,046$695$453$290$57
35 years$1,475$992$650$417$263$48
36 years$1,418$942$608$384$238$41
37 years$1,365$895$569$354$216$35
38 years$1,314$850$533$326$196$30
39 years$1,266$808$499$301$177$26
40 years$1,221$769$468$277$161$22
41 years$1,178$732$439$256$146$19
42 years$1,137$697$412$236$132$16
43 years$1,098$664$386$218$120$14
44 years$1,061$633$363$201$109$12
45 years$1,026$604$341$186$99$10
46 years$992$576$320$172$90$9
47 years$960$550$300$159$82$7
48 years$929$525$282$147$74$6
49 years$900$501$265$135$67$5
50 years$872$479$250$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $893,000, adding $2,395 every year, while hoping to spend $23,301 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: 62/26/12 Blend
50$893,000$893,000$893,000$893,000
51$986,556$939,227$925,386$1,044,788
52$1,062,393$960,458$931,594$1,105,344
53$1,145,184$981,947$937,230$1,168,533
54$1,235,614$1,003,684$942,248$1,236,934
55$1,334,438$1,025,655$946,604$1,311,053
56$1,442,484$1,047,845$950,249$1,391,447
57$1,560,666$1,070,239$953,131$1,478,730
58$1,689,991$1,092,818$955,199$1,573,578
59$1,831,567$1,115,563$956,394$1,676,735
60$1,986,613$1,138,452$956,660$1,789,022
61$2,156,474$1,161,461$955,934$1,911,343
62$2,342,627$1,184,566$954,150$2,044,693
63$2,546,703$1,207,738$951,243$2,190,171
64$2,770,497$1,230,947$947,139$2,348,984
65$3,015,984$1,254,160$941,765$2,522,466
66$3,285,342$1,277,341$935,042$2,712,085
67$3,580,969$1,300,454$926,888$2,919,458
68$3,905,507$1,323,455$917,218$3,146,369
69$4,261,865$1,346,300$905,940$3,394,781
70$4,653,248$1,368,942$892,962$3,666,862
71$5,083,187$1,391,328$878,185$3,964,995
72$5,555,573$1,413,403$861,504$4,291,813
73$6,074,689$1,435,108$842,813$4,650,212
74$6,645,258$1,456,379$821,998$5,043,387
75$7,272,480$1,477,147$798,940$5,474,858
76$7,962,084$1,497,338$773,516$5,948,505
77$8,720,384$1,516,876$745,596$6,468,603
78$9,554,335$1,535,674$715,045$7,039,866
79$10,471,600$1,553,645$681,722$7,667,487
80$11,480,622$1,570,692$645,478$8,357,189
81$12,590,703$1,586,714$606,159$9,115,283
82$13,812,092$1,601,600$563,603$9,948,721
83$15,156,083$1,615,236$517,642$10,865,167
84$16,635,119$1,627,498$468,098$11,873,067
85$18,262,909$1,638,253$414,787$12,981,728
86$20,054,561$1,647,363$357,517$14,201,412
87$22,026,719$1,654,677$296,087$15,543,425
88$24,197,725$1,660,037$230,287$17,020,230
89$26,587,789$1,663,274$159,898$18,645,561
90$29,219,179$1,664,210$84,690$20,434,557
91$32,116,433$1,662,654$4,425$22,403,901
92$35,306,589$1,658,404$0$24,571,981
93$38,819,441$1,651,246$0$26,969,464
94$42,687,819$1,640,951$0$29,609,564
95$46,947,898$1,627,280$0$32,516,365
96$51,639,542$1,609,974$0$35,717,033
97$56,806,676$1,588,765$0$39,241,507
98$62,497,705$1,563,362$0$43,122,778
99$68,765,967$1,533,463$0$47,397,207
100$75,670,236$1,498,743$0$52,104,864