Can I retire at age 51 with 894,000?

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 $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%11.8%
1 years$73,826$73,168$72,527$71,900$71,289$70,751
2 years$36,547$35,867$35,207$34,567$33,947$33,404
3 years$24,123$23,439$22,781$22,148$21,537$21,007
4 years$17,912$17,230$16,579$15,956$15,361$14,847
5 years$14,186$13,509$12,866$12,256$11,677$11,181
6 years$11,703$11,031$10,398$9,801$9,240$8,762
7 years$9,930$9,264$8,640$8,058$7,514$7,056
8 years$8,601$7,941$7,328$6,760$6,234$5,794
9 years$7,568$6,914$6,311$5,758$5,250$4,829
10 years$6,742$6,094$5,502$4,963$4,473$4,071
11 years$6,067$5,425$4,844$4,320$3,847$3,463
12 years$5,504$4,869$4,299$3,789$3,334$2,968
13 years$5,029$4,401$3,841$3,345$2,907$2,558
14 years$4,622$4,000$3,451$2,969$2,548$2,217
15 years$4,269$3,654$3,116$2,648$2,244$1,929
16 years$3,961$3,353$2,825$2,371$1,983$1,684
17 years$3,689$3,088$2,571$2,130$1,758$1,475
18 years$3,448$2,853$2,347$1,920$1,563$1,295
19 years$3,232$2,644$2,148$1,735$1,393$1,140
20 years$3,038$2,457$1,972$1,571$1,245$1,005
21 years$2,863$2,289$1,813$1,426$1,114$888
22 years$2,704$2,136$1,671$1,297$998$785
23 years$2,559$1,998$1,543$1,181$896$695
24 years$2,427$1,872$1,427$1,077$806$617
25 years$2,305$1,757$1,322$984$725$547
26 years$2,193$1,651$1,226$899$653$486
27 years$2,089$1,554$1,138$823$589$432
28 years$1,993$1,464$1,058$754$531$384
29 years$1,903$1,381$985$692$480$342
30 years$1,820$1,305$917$635$433$305
31 years$1,742$1,233$855$583$392$272
32 years$1,669$1,167$798$536$354$242
33 years$1,601$1,105$745$493$321$216
34 years$1,537$1,047$696$453$290$193
35 years$1,477$993$651$417$263$172
36 years$1,420$943$609$384$238$153
37 years$1,366$896$570$354$216$137
38 years$1,316$851$534$326$196$122
39 years$1,268$809$500$301$178$109
40 years$1,222$770$469$278$161$97
41 years$1,179$733$439$256$146$87
42 years$1,138$698$412$236$133$78
43 years$1,099$665$387$218$120$70
44 years$1,062$634$363$201$109$62
45 years$1,027$605$341$186$99$56
46 years$993$577$320$172$90$50
47 years$961$550$301$159$82$44
48 years$930$525$283$147$74$40
49 years$901$502$266$136$67$35
50 years$873$479$250$125$61$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $894,000, adding $3,890 every year, while hoping to spend $43,949 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: 80/6/14 Blend
50$894,000$894,000$894,000$894,000
51$989,201$941,819$927,962$1,065,266
52$1,043,338$941,206$912,287$1,115,217
53$1,101,524$939,091$894,614$1,163,955
54$1,164,125$935,353$874,830$1,216,183
55$1,231,545$929,864$852,816$1,272,229
56$1,304,225$922,490$828,447$1,332,458
57$1,382,651$913,087$801,595$1,397,270
58$1,467,356$901,503$772,123$1,467,106
59$1,558,927$887,577$739,890$1,542,453
60$1,658,008$871,138$704,747$1,623,846
61$1,765,307$852,007$666,539$1,711,878
62$1,881,604$829,990$625,103$1,807,198
63$2,007,754$804,887$580,271$1,910,524
64$2,144,700$776,481$531,865$2,022,649
65$2,293,478$744,547$479,700$2,144,444
66$2,455,226$708,843$423,583$2,276,871
67$2,631,198$669,116$363,313$2,420,990
68$2,822,774$625,096$298,678$2,577,970
69$3,031,472$576,501$229,458$2,749,100
70$3,258,961$523,028$155,424$2,935,800
71$3,507,080$464,361$76,335$3,139,635
72$3,777,851$400,164$0$3,362,333
73$4,073,503$330,083$0$3,607,001
74$4,396,486$253,742$0$3,886,781
75$4,749,498$170,747$0$4,192,612
76$5,135,512$80,679$0$4,527,086
77$5,557,799$0$0$4,893,060
78$6,019,960$0$0$5,294,796
79$6,525,963$0$0$5,740,498
80$7,080,175$0$0$6,228,688
81$7,687,407$0$0$6,763,608
82$8,352,955$0$0$7,349,927
83$9,082,655$0$0$7,992,788
84$9,882,931$0$0$8,697,855
85$10,760,861$0$0$9,471,368
86$11,724,242$0$0$10,320,199
87$12,781,659$0$0$11,251,917
88$13,942,571$0$0$12,274,861
89$15,217,397$0$0$13,398,215
90$16,617,616$0$0$14,632,098
91$18,155,870$0$0$15,987,656
92$19,846,088$0$0$17,477,169
93$21,703,616$0$0$19,114,162
94$23,745,359$0$0$20,913,540
95$25,989,940$0$0$22,891,722
96$28,457,879$0$0$25,066,795
97$31,171,782$0$0$27,458,689
98$34,156,557$0$0$30,089,362
99$37,439,643$0$0$32,983,005
100$41,051,277$0$0$36,166,272