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%12.6%
1 years$73,908$73,250$72,608$71,981$71,369$70,594
2 years$36,588$35,907$35,246$34,606$33,985$33,205
3 years$24,150$23,466$22,807$22,172$21,561$20,800
4 years$17,932$17,250$16,597$15,974$15,378$14,641
5 years$14,202$13,524$12,880$12,270$11,690$10,981
6 years$11,716$11,043$10,409$9,812$9,250$8,568
7 years$9,942$9,274$8,650$8,067$7,523$6,869
8 years$8,611$7,950$7,336$6,767$6,241$5,615
9 years$7,577$6,922$6,318$5,764$5,256$4,658
10 years$6,750$6,101$5,509$4,969$4,478$3,908
11 years$6,074$5,431$4,850$4,324$3,851$3,308
12 years$5,511$4,875$4,304$3,793$3,337$2,820
13 years$5,035$4,406$3,845$3,349$2,910$2,419
14 years$4,627$4,004$3,455$2,973$2,551$2,085
15 years$4,274$3,658$3,119$2,651$2,246$1,804
16 years$3,965$3,356$2,828$2,374$1,985$1,567
17 years$3,693$3,091$2,574$2,133$1,760$1,364
18 years$3,452$2,856$2,349$1,922$1,565$1,191
19 years$3,236$2,647$2,151$1,737$1,395$1,042
20 years$3,042$2,460$1,974$1,573$1,246$914
21 years$2,867$2,291$1,816$1,428$1,115$802
22 years$2,707$2,139$1,673$1,298$1,000$705
23 years$2,562$2,000$1,545$1,182$897$621
24 years$2,429$1,874$1,429$1,078$806$547
25 years$2,307$1,759$1,323$985$726$483
26 years$2,195$1,653$1,227$900$654$426
27 years$2,091$1,556$1,140$824$589$376
28 years$1,995$1,466$1,060$755$532$333
29 years$1,905$1,383$986$692$480$294
30 years$1,822$1,306$918$635$434$260
31 years$1,744$1,235$856$584$392$230
32 years$1,671$1,168$799$536$355$204
33 years$1,603$1,106$746$493$321$181
34 years$1,539$1,049$697$454$291$160
35 years$1,478$995$652$418$263$142
36 years$1,421$944$610$385$239$126
37 years$1,368$897$571$354$216$112
38 years$1,317$852$534$327$196$99
39 years$1,269$810$501$301$178$88
40 years$1,224$771$469$278$161$78
41 years$1,180$734$440$256$146$69
42 years$1,139$699$413$237$133$61
43 years$1,100$666$387$218$120$54
44 years$1,063$635$363$202$109$48
45 years$1,028$605$341$186$99$43
46 years$994$577$321$172$90$38
47 years$962$551$301$159$82$34
48 years$931$526$283$147$74$30
49 years$902$502$266$136$68$27
50 years$874$480$250$125$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $895,000, adding $6,667 every year, while hoping to spend $20,000 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: 48/46/6 Blend
50$895,000$895,000$895,000$895,000
51$993,167$945,732$931,860$1,038,978
52$1,073,190$970,793$941,797$1,096,086
53$1,160,705$996,412$951,397$1,155,385
54$1,256,456$1,022,594$960,627$1,219,290
55$1,361,259$1,049,347$969,453$1,288,236
56$1,476,017$1,076,674$977,840$1,362,699
57$1,601,722$1,104,582$985,748$1,443,205
58$1,739,466$1,133,074$993,138$1,530,330
59$1,890,451$1,162,155$999,969$1,624,711
60$2,056,005$1,191,829$1,006,196$1,727,049
61$2,237,586$1,222,097$1,011,772$1,838,112
62$2,436,803$1,252,962$1,016,649$1,958,751
63$2,655,425$1,284,426$1,020,775$2,089,899
64$2,895,404$1,316,488$1,024,096$2,232,585
65$3,158,888$1,349,149$1,026,556$2,387,942
66$3,448,244$1,382,407$1,028,096$2,557,217
67$3,766,080$1,416,260$1,028,652$2,741,786
68$4,115,268$1,450,704$1,028,160$2,943,161
69$4,498,972$1,485,736$1,026,550$3,163,010
70$4,920,678$1,521,348$1,023,750$3,403,170
71$5,384,227$1,557,533$1,019,685$3,665,663
72$5,893,849$1,594,284$1,014,276$3,952,720
73$6,454,207$1,631,588$1,007,439$4,266,795
74$7,070,435$1,669,435$999,087$4,610,595
75$7,748,192$1,707,810$989,130$4,987,099
76$8,493,713$1,746,698$977,470$5,399,592
77$9,313,865$1,786,080$964,010$5,851,692
78$10,216,218$1,825,936$948,642$6,347,387
79$11,209,109$1,866,244$931,259$6,891,069
80$12,301,727$1,906,979$911,744$7,487,580
81$13,504,194$1,948,112$889,979$8,142,253
82$14,827,665$1,989,613$865,836$8,860,966
83$16,284,431$2,031,447$839,186$9,650,196
84$17,888,033$2,073,579$809,889$10,517,080
85$19,653,394$2,115,966$777,802$11,469,482
86$21,596,957$2,158,565$742,775$12,516,070
87$23,736,840$2,201,328$704,651$13,666,394
88$26,093,005$2,244,200$663,265$14,930,979
89$28,687,452$2,287,127$618,445$16,321,423
90$31,544,421$2,330,045$570,011$17,850,507
91$34,690,623$2,372,888$517,777$19,532,316
92$38,155,490$2,415,583$461,547$21,382,373
93$41,971,456$2,458,053$401,114$23,417,782
94$46,174,260$2,500,213$336,267$25,657,396
95$50,803,284$2,541,972$266,782$28,121,988
96$55,901,925$2,583,235$192,425$30,834,452
97$61,518,003$2,623,896$112,953$33,820,018
98$67,704,215$2,663,842$28,112$37,106,490
99$74,518,629$2,702,954$0$40,724,511
100$82,025,234$2,741,103$0$44,711,844