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%19.8%
1 years$73,991$73,332$72,689$72,061$71,448$68,641
2 years$36,629$35,947$35,286$34,645$34,023$31,229
3 years$24,177$23,492$22,832$22,197$21,586$18,893
4 years$17,952$17,269$16,616$15,992$15,395$12,824
5 years$14,218$13,539$12,895$12,283$11,703$9,260
6 years$11,729$11,056$10,421$9,823$9,260$6,947
7 years$9,953$9,285$8,660$8,076$7,531$5,347
8 years$8,621$7,959$7,344$6,775$6,248$4,191
9 years$7,585$6,929$6,326$5,771$5,261$3,329
10 years$6,757$6,108$5,515$4,974$4,483$2,670
11 years$6,080$5,437$4,855$4,329$3,856$2,159
12 years$5,517$4,880$4,309$3,797$3,341$1,756
13 years$5,040$4,410$3,850$3,352$2,914$1,435
14 years$4,632$4,009$3,459$2,976$2,554$1,177
15 years$4,279$3,662$3,123$2,654$2,249$969
16 years$3,970$3,360$2,831$2,376$1,987$799
17 years$3,697$3,094$2,576$2,135$1,762$661
18 years$3,456$2,859$2,352$1,924$1,567$547
19 years$3,239$2,650$2,153$1,739$1,397$454
20 years$3,045$2,463$1,976$1,575$1,247$377
21 years$2,870$2,294$1,818$1,429$1,116$313
22 years$2,710$2,141$1,675$1,299$1,001$260
23 years$2,565$2,003$1,547$1,183$898$217
24 years$2,432$1,876$1,430$1,079$807$180
25 years$2,310$1,761$1,325$986$726$150
26 years$2,197$1,655$1,229$901$654$125
27 years$2,093$1,557$1,141$825$590$104
28 years$1,997$1,468$1,061$756$532$87
29 years$1,907$1,384$987$693$481$72
30 years$1,824$1,308$919$636$434$60
31 years$1,746$1,236$857$584$393$50
32 years$1,673$1,170$800$537$355$42
33 years$1,605$1,108$747$494$321$35
34 years$1,540$1,050$698$454$291$29
35 years$1,480$996$652$418$264$24
36 years$1,423$945$610$385$239$20
37 years$1,369$898$571$355$216$17
38 years$1,319$853$535$327$196$14
39 years$1,271$811$501$302$178$12
40 years$1,225$772$470$278$161$10
41 years$1,182$735$440$257$146$8
42 years$1,141$700$413$237$133$7
43 years$1,102$667$388$219$121$6
44 years$1,065$635$364$202$109$5
45 years$1,029$606$342$186$99$4
46 years$995$578$321$172$90$3
47 years$963$552$301$159$82$3
48 years$932$527$283$147$74$2
49 years$903$503$266$136$68$2
50 years$875$480$250$126$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $896,000, adding $2,338 every year, while hoping to spend $58,249 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: 67/12/21 Blend
50$896,000$896,000$896,000$896,000
51$989,804$942,316$928,428$1,050,736
52$1,028,787$926,513$897,553$1,076,061
53$1,069,795$907,983$863,693$1,096,815
54$1,112,971$886,532$826,684$1,118,125
55$1,158,475$861,952$786,358$1,140,045
56$1,206,477$834,025$742,539$1,162,635
57$1,257,165$802,520$695,042$1,185,965
58$1,310,744$767,192$643,673$1,210,114
59$1,367,436$727,780$588,233$1,235,169
60$1,427,485$684,012$528,509$1,261,232
61$1,491,157$635,597$464,283$1,288,413
62$1,558,743$582,230$395,324$1,316,839
63$1,630,560$523,584$321,393$1,346,654
64$1,706,957$459,320$242,240$1,378,015
65$1,788,314$389,074$157,602$1,411,102
66$1,875,048$312,464$67,207$1,446,116
67$1,967,614$229,086$0$1,483,281
68$2,066,514$138,515$0$1,529,404
69$2,172,295$40,298$0$1,594,707
70$2,285,558$0$0$1,664,499
71$2,406,962$0$0$1,747,923
72$2,537,229$0$0$1,843,184
73$2,677,155$0$0$1,945,546
74$2,827,608$0$0$2,055,652
75$2,989,544$0$0$2,174,206
76$3,164,014$0$0$2,301,981
77$3,352,171$0$0$2,439,830
78$3,555,280$0$0$2,588,684
79$3,774,734$0$0$2,749,572
80$4,012,062$0$0$2,923,620
81$4,268,946$0$0$3,112,070
82$4,547,232$0$0$3,316,284
83$4,848,953$0$0$3,537,762
84$5,176,344$0$0$3,778,152
85$5,531,862$0$0$4,039,267
86$5,918,210$0$0$4,323,101
87$6,338,361$0$0$4,631,849
88$6,795,588$0$0$4,967,926
89$7,293,489$0$0$5,333,986
90$7,836,025$0$0$5,732,953
91$8,427,557$0$0$6,168,044
92$9,072,880$0$0$6,642,800
93$9,777,277$0$0$7,161,118
94$10,546,559$0$0$7,727,288
95$11,387,126$0$0$8,346,033
96$12,306,023$0$0$9,022,553
97$13,311,005$0$0$9,762,572
98$14,410,614$0$0$10,572,395
99$15,614,252$0$0$11,458,961
100$16,932,274$0$0$12,429,915