Can I retire at age 51 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,073$73,414$72,770$72,142$71,528$70,084
2 years$36,670$35,987$35,325$34,683$34,061$32,612
3 years$24,204$23,518$22,858$22,222$21,610$20,202
4 years$17,972$17,288$16,635$16,010$15,412$14,056
5 years$14,234$13,554$12,909$12,297$11,716$10,415
6 years$11,743$11,068$10,432$9,834$9,271$8,026
7 years$9,964$9,295$8,669$8,085$7,539$6,352
8 years$8,630$7,967$7,352$6,782$6,255$5,124
9 years$7,594$6,937$6,333$5,777$5,267$4,193
10 years$6,765$6,115$5,521$4,980$4,488$3,469
11 years$6,087$5,444$4,861$4,334$3,860$2,894
12 years$5,523$4,886$4,314$3,802$3,345$2,431
13 years$5,046$4,415$3,854$3,356$2,917$2,054
14 years$4,637$4,013$3,463$2,979$2,557$1,743
15 years$4,283$3,666$3,126$2,657$2,251$1,485
16 years$3,974$3,364$2,835$2,379$1,990$1,269
17 years$3,701$3,098$2,579$2,138$1,764$1,087
18 years$3,459$2,863$2,355$1,926$1,569$934
19 years$3,243$2,653$2,156$1,741$1,398$803
20 years$3,049$2,465$1,978$1,576$1,249$692
21 years$2,873$2,296$1,820$1,431$1,118$597
22 years$2,713$2,144$1,677$1,301$1,002$516
23 years$2,568$2,005$1,548$1,185$899$446
24 years$2,435$1,878$1,432$1,081$808$386
25 years$2,313$1,763$1,326$987$727$335
26 years$2,200$1,657$1,230$902$655$290
27 years$2,096$1,559$1,142$826$591$251
28 years$1,999$1,469$1,062$757$533$218
29 years$1,909$1,386$988$694$481$189
30 years$1,826$1,309$920$637$435$164
31 years$1,748$1,237$858$585$393$143
32 years$1,675$1,171$801$538$356$124
33 years$1,606$1,109$748$494$322$108
34 years$1,542$1,051$698$455$291$94
35 years$1,482$997$653$419$264$81
36 years$1,425$946$611$386$239$71
37 years$1,371$899$572$355$217$62
38 years$1,320$854$535$327$196$54
39 years$1,272$812$502$302$178$47
40 years$1,226$773$470$278$162$41
41 years$1,183$735$441$257$147$35
42 years$1,142$700$414$237$133$31
43 years$1,103$667$388$219$121$27
44 years$1,066$636$364$202$110$23
45 years$1,030$607$342$187$99$20
46 years$997$579$321$172$90$18
47 years$964$552$302$159$82$15
48 years$933$527$284$147$74$13
49 years$904$503$267$136$68$12
50 years$876$481$251$126$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $897,000, adding $5,529 every year, while hoping to spend $56,411 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: 73/14/13 Blend
50$897,000$897,000$897,000$897,000
51$994,197$946,656$932,753$1,063,649
52$1,035,584$933,021$903,979$1,096,706
53$1,079,302$916,828$872,351$1,125,410
54$1,125,530$897,891$837,713$1,155,330
55$1,174,460$876,014$799,903$1,186,572
56$1,226,307$850,990$758,751$1,219,255
57$1,281,301$822,600$714,081$1,253,508
58$1,339,697$790,611$665,706$1,289,477
59$1,401,773$754,777$613,433$1,327,324
60$1,467,831$714,838$557,060$1,367,226
61$1,538,203$670,519$496,375$1,409,384
62$1,613,255$621,529$431,158$1,454,017
63$1,693,383$567,560$361,179$1,501,370
64$1,779,025$508,288$286,195$1,551,714
65$1,870,659$443,368$205,957$1,605,351
66$1,968,811$372,437$120,201$1,662,614
67$2,074,056$295,113$28,653$1,723,873
68$2,187,025$210,988$0$1,789,539
69$2,308,411$119,637$0$1,869,644
70$2,438,975$20,605$0$1,959,978
71$2,579,553$0$0$2,057,165
72$2,731,062$0$0$2,175,207
73$2,894,509$0$0$2,306,006
74$3,071,001$0$0$2,447,277
75$3,261,755$0$0$2,600,000
76$3,468,107$0$0$2,765,247
77$3,691,527$0$0$2,944,202
78$3,933,631$0$0$3,138,162
79$4,196,195$0$0$3,348,556
80$4,481,172$0$0$3,576,955
81$4,790,712$0$0$3,825,086
82$5,127,177$0$0$4,094,850
83$5,493,167$0$0$4,388,337
84$5,891,544$0$0$4,707,848
85$6,325,454$0$0$5,055,915
86$6,798,362$0$0$5,435,321
87$7,314,080$0$0$5,849,134
88$7,876,802$0$0$6,300,727
89$8,491,148$0$0$6,793,815
90$9,162,201$0$0$7,332,485
91$9,895,558$0$0$7,921,240
92$10,697,379$0$0$8,565,034
93$11,574,449$0$0$9,269,323
94$12,534,237$0$0$10,040,116
95$13,584,968$0$0$10,884,027
96$14,735,700$0$0$11,808,342
97$15,996,405$0$0$12,821,082
98$17,378,069$0$0$13,931,082
99$18,892,789$0$0$15,148,074
100$20,553,887$0$0$16,482,773