Can I retire at age 51 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$73,991$73,332$72,689$72,061$71,448$71,058
2 years$36,629$35,947$35,286$34,645$34,023$33,629
3 years$24,177$23,492$22,832$22,197$21,586$21,200
4 years$17,952$17,269$16,616$15,992$15,395$15,021
5 years$14,218$13,539$12,895$12,283$11,703$11,342
6 years$11,729$11,056$10,421$9,823$9,260$8,912
7 years$9,953$9,285$8,660$8,076$7,531$7,196
8 years$8,621$7,959$7,344$6,775$6,248$5,927
9 years$7,585$6,929$6,326$5,771$5,261$4,954
10 years$6,757$6,108$5,515$4,974$4,483$4,188
11 years$6,080$5,437$4,855$4,329$3,856$3,574
12 years$5,517$4,880$4,309$3,797$3,341$3,072
13 years$5,040$4,410$3,850$3,352$2,914$2,657
14 years$4,632$4,009$3,459$2,976$2,554$2,310
15 years$4,279$3,662$3,123$2,654$2,249$2,016
16 years$3,970$3,360$2,831$2,376$1,987$1,767
17 years$3,697$3,094$2,576$2,135$1,762$1,553
18 years$3,456$2,859$2,352$1,924$1,567$1,368
19 years$3,239$2,650$2,153$1,739$1,397$1,208
20 years$3,045$2,463$1,976$1,575$1,247$1,069
21 years$2,870$2,294$1,818$1,429$1,116$948
22 years$2,710$2,141$1,675$1,299$1,001$842
23 years$2,565$2,003$1,547$1,183$898$748
24 years$2,432$1,876$1,430$1,079$807$666
25 years$2,310$1,761$1,325$986$726$593
26 years$2,197$1,655$1,229$901$654$529
27 years$2,093$1,557$1,141$825$590$472
28 years$1,997$1,468$1,061$756$532$422
29 years$1,907$1,384$987$693$481$377
30 years$1,824$1,308$919$636$434$337
31 years$1,746$1,236$857$584$393$302
32 years$1,673$1,170$800$537$355$270
33 years$1,605$1,108$747$494$321$242
34 years$1,540$1,050$698$454$291$216
35 years$1,480$996$652$418$264$194
36 years$1,423$945$610$385$239$174
37 years$1,369$898$571$355$216$156
38 years$1,319$853$535$327$196$140
39 years$1,271$811$501$302$178$125
40 years$1,225$772$470$278$161$112
41 years$1,182$735$440$257$146$101
42 years$1,141$700$413$237$133$91
43 years$1,102$667$388$219$121$81
44 years$1,065$635$364$202$109$73
45 years$1,029$606$342$186$99$65
46 years$995$578$321$172$90$59
47 years$963$552$301$159$82$53
48 years$932$527$283$147$74$47
49 years$903$503$266$136$68$43
50 years$875$480$250$126$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $896,000, adding $5,942 every year, while hoping to spend $54,815 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: 43/29/28 Blend
50$896,000$896,000$896,000$896,000
51$993,521$946,033$932,145$1,027,913
52$1,036,538$934,066$905,049$1,041,163
53$1,082,105$919,675$875,209$1,049,866
54$1,130,424$902,685$842,473$1,058,249
55$1,181,718$882,906$806,686$1,066,314
56$1,236,227$860,143$767,684$1,074,069
57$1,294,216$834,184$725,296$1,081,524
58$1,355,975$804,808$679,342$1,088,700
59$1,421,821$771,780$629,636$1,095,619
60$1,492,100$734,850$575,982$1,102,315
61$1,567,193$693,757$518,177$1,108,828
62$1,647,517$648,221$456,006$1,115,211
63$1,733,529$597,949$389,247$1,121,525
64$1,825,729$542,629$317,667$1,127,847
65$1,924,669$481,933$241,025$1,134,268
66$2,030,951$415,514$159,065$1,140,893
67$2,145,238$343,004$71,523$1,147,849
68$2,268,257$264,015$0$1,155,283
69$2,400,806$178,139$0$1,169,908
70$2,543,762$84,942$0$1,208,607
71$2,698,089$0$0$1,250,306
72$2,864,846$0$0$1,300,477
73$3,045,196$0$0$1,384,140
74$3,240,418$0$0$1,474,794
75$3,451,918$0$0$1,573,103
76$3,681,241$0$0$1,679,798
77$3,930,089$0$0$1,795,682
78$4,200,329$0$0$1,921,639
79$4,494,019$0$0$2,058,642
80$4,813,422$0$0$2,207,761
81$5,161,025$0$0$2,370,173
82$5,539,568$0$0$2,547,173
83$5,952,063$0$0$2,740,187
84$6,401,829$0$0$2,950,785
85$6,892,514$0$0$3,180,693
86$7,428,136$0$0$3,431,813
87$8,013,118$0$0$3,706,238
88$8,652,329$0$0$4,006,273
89$9,351,129$0$0$4,334,454
90$10,115,418$0$0$4,693,575
91$10,951,694$0$0$5,086,712
92$11,867,113$0$0$5,517,252
93$12,869,552$0$0$5,988,926
94$13,967,688$0$0$6,505,841
95$15,171,075$0$0$7,072,522
96$16,490,236$0$0$7,693,952
97$17,936,761$0$0$8,375,618
98$19,523,413$0$0$9,123,567
99$21,264,253$0$0$9,944,455
100$23,174,766$0$0$10,845,619