Can I retire at age 51 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$73,908$73,250$72,608$71,981$71,369$69,278
2 years$36,588$35,907$35,246$34,606$33,985$31,896
3 years$24,150$23,466$22,807$22,172$21,561$19,539
4 years$17,932$17,250$16,597$15,974$15,378$13,438
5 years$14,202$13,524$12,880$12,270$11,690$9,838
6 years$11,716$11,043$10,409$9,812$9,250$7,487
7 years$9,942$9,274$8,650$8,067$7,523$5,849
8 years$8,611$7,950$7,336$6,767$6,241$4,655
9 years$7,577$6,922$6,318$5,764$5,256$3,757
10 years$6,750$6,101$5,509$4,969$4,478$3,063
11 years$6,074$5,431$4,850$4,324$3,851$2,519
12 years$5,511$4,875$4,304$3,793$3,337$2,085
13 years$5,035$4,406$3,845$3,349$2,910$1,734
14 years$4,627$4,004$3,455$2,973$2,551$1,449
15 years$4,274$3,658$3,119$2,651$2,246$1,214
16 years$3,965$3,356$2,828$2,374$1,985$1,021
17 years$3,693$3,091$2,574$2,133$1,760$860
18 years$3,452$2,856$2,349$1,922$1,565$726
19 years$3,236$2,647$2,151$1,737$1,395$614
20 years$3,042$2,460$1,974$1,573$1,246$520
21 years$2,867$2,291$1,816$1,428$1,115$441
22 years$2,707$2,139$1,673$1,298$1,000$374
23 years$2,562$2,000$1,545$1,182$897$318
24 years$2,429$1,874$1,429$1,078$806$270
25 years$2,307$1,759$1,323$985$726$230
26 years$2,195$1,653$1,227$900$654$195
27 years$2,091$1,556$1,140$824$589$166
28 years$1,995$1,466$1,060$755$532$142
29 years$1,905$1,383$986$692$480$121
30 years$1,822$1,306$918$635$434$103
31 years$1,744$1,235$856$584$392$88
32 years$1,671$1,168$799$536$355$75
33 years$1,603$1,106$746$493$321$64
34 years$1,539$1,049$697$454$291$54
35 years$1,478$995$652$418$263$46
36 years$1,421$944$610$385$239$39
37 years$1,368$897$571$354$216$34
38 years$1,317$852$534$327$196$29
39 years$1,269$810$501$301$178$24
40 years$1,224$771$469$278$161$21
41 years$1,180$734$440$256$146$18
42 years$1,139$699$413$237$133$15
43 years$1,100$666$387$218$120$13
44 years$1,063$635$363$202$109$11
45 years$1,028$605$341$186$99$9
46 years$994$577$321$172$90$8
47 years$962$551$301$159$82$7
48 years$931$526$283$147$74$6
49 years$902$502$266$136$68$5
50 years$874$480$250$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $895,000, adding $2,300 every year, while hoping to spend $36,707 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: 35/37/28 Blend
50$895,000$895,000$895,000$895,000
51$988,662$941,227$927,355$1,014,854
52$1,050,450$948,292$919,365$1,041,734
53$1,117,310$954,472$909,878$1,067,252
54$1,189,720$959,686$898,804$1,094,080
55$1,268,207$963,846$886,049$1,122,359
56$1,353,350$966,860$871,517$1,152,249
57$1,445,784$968,629$855,106$1,183,926
58$1,546,211$969,048$836,708$1,217,590
59$1,655,398$968,005$816,212$1,253,462
60$1,774,195$965,383$793,501$1,291,788
61$1,903,532$961,056$768,452$1,332,845
62$2,044,435$954,891$740,938$1,376,939
63$2,198,032$946,745$710,825$1,424,412
64$2,365,566$936,470$677,972$1,475,644
65$2,548,403$923,907$642,234$1,531,059
66$2,748,049$908,887$603,457$1,591,128
67$2,966,159$891,232$561,482$1,656,374
68$3,204,557$870,752$516,142$1,727,379
69$3,465,252$847,249$467,262$1,804,789
70$3,750,452$820,509$414,660$1,889,322
71$4,062,594$790,309$358,147$1,981,776
72$4,404,356$756,411$297,522$2,083,033
73$4,778,690$718,565$232,579$2,194,076
74$5,188,846$676,505$163,100$2,315,992
75$5,638,404$629,950$88,860$2,449,987
76$6,131,307$578,603$9,622$2,597,400
77$6,671,896$522,150$0$2,759,710
78$7,264,954$460,260$0$2,960,949
79$7,915,748$392,581$0$3,185,069
80$8,630,080$318,744$0$3,431,286
81$9,414,343$238,358$0$3,701,912
82$10,275,577$151,008$0$3,999,503
83$11,221,537$56,258$0$4,326,879
84$12,260,767$0$0$4,687,157
85$13,402,680$0$0$5,102,648
86$14,657,644$0$0$5,584,585
87$16,037,083$0$0$6,114,465
88$17,553,582$0$0$6,697,141
89$19,221,007$0$0$7,337,958
90$21,054,633$0$0$8,042,807
91$23,071,291$0$0$8,818,176
92$25,289,525$0$0$9,671,216
93$27,729,764$0$0$10,609,803
94$30,414,520$0$0$11,642,618
95$33,368,596$0$0$12,779,225
96$36,619,319$0$0$14,030,161
97$40,196,800$0$0$15,407,037
98$44,134,217$0$0$16,922,647
99$48,468,126$0$0$18,591,089
100$53,238,810$0$0$20,427,895