Can I retire at age 51 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$73,826$73,168$72,527$71,900$71,289$69,679
2 years$36,547$35,867$35,207$34,567$33,947$32,333
3 years$24,123$23,439$22,781$22,148$21,537$19,971
4 years$17,912$17,230$16,579$15,956$15,361$13,853
5 years$14,186$13,509$12,866$12,256$11,677$10,233
6 years$11,703$11,031$10,398$9,801$9,240$7,860
7 years$9,930$9,264$8,640$8,058$7,514$6,200
8 years$8,601$7,941$7,328$6,760$6,234$4,984
9 years$7,568$6,914$6,311$5,758$5,250$4,063
10 years$6,742$6,094$5,502$4,963$4,473$3,349
11 years$6,067$5,425$4,844$4,320$3,847$2,784
12 years$5,504$4,869$4,299$3,789$3,334$2,330
13 years$5,029$4,401$3,841$3,345$2,907$1,960
14 years$4,622$4,000$3,451$2,969$2,548$1,657
15 years$4,269$3,654$3,116$2,648$2,244$1,406
16 years$3,961$3,353$2,825$2,371$1,983$1,196
17 years$3,689$3,088$2,571$2,130$1,758$1,020
18 years$3,448$2,853$2,347$1,920$1,563$872
19 years$3,232$2,644$2,148$1,735$1,393$747
20 years$3,038$2,457$1,972$1,571$1,245$641
21 years$2,863$2,289$1,813$1,426$1,114$551
22 years$2,704$2,136$1,671$1,297$998$473
23 years$2,559$1,998$1,543$1,181$896$408
24 years$2,427$1,872$1,427$1,077$806$351
25 years$2,305$1,757$1,322$984$725$303
26 years$2,193$1,651$1,226$899$653$261
27 years$2,089$1,554$1,138$823$589$225
28 years$1,993$1,464$1,058$754$531$194
29 years$1,903$1,381$985$692$480$168
30 years$1,820$1,305$917$635$433$145
31 years$1,742$1,233$855$583$392$125
32 years$1,669$1,167$798$536$354$108
33 years$1,601$1,105$745$493$321$94
34 years$1,537$1,047$696$453$290$81
35 years$1,477$993$651$417$263$70
36 years$1,420$943$609$384$238$61
37 years$1,366$896$570$354$216$52
38 years$1,316$851$534$326$196$45
39 years$1,268$809$500$301$178$39
40 years$1,222$770$469$278$161$34
41 years$1,179$733$439$256$146$29
42 years$1,138$698$412$236$133$25
43 years$1,099$665$387$218$120$22
44 years$1,062$634$363$201$109$19
45 years$1,027$605$341$186$99$17
46 years$993$577$320$172$90$14
47 years$961$550$301$159$82$12
48 years$930$525$283$147$74$11
49 years$901$502$266$136$67$9
50 years$873$479$250$125$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $894,000, adding $4,180 every year, while hoping to spend $22,097 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: 50/42/8 Blend
50$894,000$894,000$894,000$894,000
51$989,500$942,118$928,261$1,036,721
52$1,066,918$964,770$935,846$1,092,052
53$1,151,492$987,793$942,946$1,149,437
54$1,243,928$1,011,179$949,519$1,211,273
55$1,345,005$1,034,923$955,524$1,277,983
56$1,455,579$1,059,018$960,918$1,350,032
57$1,576,594$1,083,455$965,654$1,427,931
58$1,709,087$1,108,225$969,683$1,512,245
59$1,854,202$1,133,316$972,956$1,603,595
60$2,013,199$1,158,717$975,418$1,702,665
61$2,187,464$1,184,413$977,014$1,810,209
62$2,378,525$1,210,389$977,684$1,927,056
63$2,588,065$1,236,628$977,366$2,054,122
64$2,817,936$1,263,111$975,996$2,192,413
65$3,070,179$1,289,817$973,506$2,343,039
66$3,347,043$1,316,724$969,824$2,507,223
67$3,651,003$1,343,806$964,875$2,686,313
68$3,984,789$1,371,035$958,582$2,881,792
69$4,351,404$1,398,382$950,861$3,095,298
70$4,754,158$1,425,815$941,626$3,328,632
71$5,196,700$1,453,297$930,788$3,583,780
72$5,683,046$1,480,791$918,252$3,862,933
73$6,217,622$1,508,255$903,919$4,168,501
74$6,805,304$1,535,644$887,685$4,503,145
75$7,451,465$1,562,911$869,442$4,869,793
76$8,162,022$1,590,001$849,076$5,271,674
77$8,943,498$1,616,861$826,469$5,712,347
78$9,803,076$1,643,428$801,497$6,195,734
79$10,748,672$1,669,638$774,030$6,726,158
80$11,789,007$1,695,422$743,931$7,308,381
81$12,933,693$1,720,704$711,059$7,947,655
82$14,193,315$1,745,404$675,266$8,649,765
83$15,579,541$1,769,437$636,395$9,421,090
84$17,105,226$1,792,711$594,285$10,268,658
85$18,784,532$1,815,127$548,767$11,200,216
86$20,633,066$1,836,580$499,663$12,224,304
87$22,668,025$1,856,959$446,788$13,350,331
88$24,908,357$1,876,143$389,949$14,588,669
89$27,374,941$1,894,006$328,944$15,950,751
90$30,090,784$1,910,410$263,562$17,449,175
91$33,081,235$1,925,212$193,583$19,097,828
92$36,374,231$1,938,257$118,777$20,912,015
93$40,000,551$1,949,380$38,904$22,908,605
94$43,994,114$1,958,407$0$25,106,188
95$48,392,297$1,965,152$0$27,529,211
96$53,236,283$1,969,416$0$30,200,103
97$58,571,458$1,970,991$0$33,140,453
98$64,447,830$1,969,653$0$36,377,720
99$70,920,508$1,965,165$0$39,942,162
100$78,050,217$1,957,276$0$43,867,129