Can I retire at age 51 with 897,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$74,073$73,414$72,770$72,142$71,528$68,853
2 years$36,670$35,987$35,325$34,683$34,061$31,397
3 years$24,204$23,518$22,858$22,222$21,610$19,040
4 years$17,972$17,288$16,635$16,010$15,412$12,957
5 years$14,234$13,554$12,909$12,297$11,716$9,381
6 years$11,743$11,068$10,432$9,834$9,271$7,057
7 years$9,964$9,295$8,669$8,085$7,539$5,448
8 years$8,630$7,967$7,352$6,782$6,255$4,282
9 years$7,594$6,937$6,333$5,777$5,267$3,412
10 years$6,765$6,115$5,521$4,980$4,488$2,746
11 years$6,087$5,444$4,861$4,334$3,860$2,227
12 years$5,523$4,886$4,314$3,802$3,345$1,817
13 years$5,046$4,415$3,854$3,356$2,917$1,490
14 years$4,637$4,013$3,463$2,979$2,557$1,227
15 years$4,283$3,666$3,126$2,657$2,251$1,013
16 years$3,974$3,364$2,835$2,379$1,990$839
17 years$3,701$3,098$2,579$2,138$1,764$696
18 years$3,459$2,863$2,355$1,926$1,569$579
19 years$3,243$2,653$2,156$1,741$1,398$482
20 years$3,049$2,465$1,978$1,576$1,249$401
21 years$2,873$2,296$1,820$1,431$1,118$335
22 years$2,713$2,144$1,677$1,301$1,002$280
23 years$2,568$2,005$1,548$1,185$899$234
24 years$2,435$1,878$1,432$1,081$808$195
25 years$2,313$1,763$1,326$987$727$163
26 years$2,200$1,657$1,230$902$655$137
27 years$2,096$1,559$1,142$826$591$114
28 years$1,999$1,469$1,062$757$533$96
29 years$1,909$1,386$988$694$481$80
30 years$1,826$1,309$920$637$435$67
31 years$1,748$1,237$858$585$393$56
32 years$1,675$1,171$801$538$356$47
33 years$1,606$1,109$748$494$322$39
34 years$1,542$1,051$698$455$291$33
35 years$1,482$997$653$419$264$28
36 years$1,425$946$611$386$239$23
37 years$1,371$899$572$355$217$19
38 years$1,320$854$535$327$196$16
39 years$1,272$812$502$302$178$14
40 years$1,226$773$470$278$162$11
41 years$1,183$735$441$257$147$10
42 years$1,142$700$414$237$133$8
43 years$1,103$667$388$219$121$7
44 years$1,066$636$364$202$110$6
45 years$1,030$607$342$187$99$5
46 years$997$579$321$172$90$4
47 years$964$552$302$159$82$3
48 years$933$527$284$147$74$3
49 years$904$503$267$136$68$2
50 years$876$481$251$126$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $897,000, adding $2,557 every year, while hoping to spend $52,501 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: 30/42/28 Blend
50$897,000$897,000$897,000$897,000
51$991,132$943,591$929,687$1,012,268
52$1,036,366$933,966$904,971$1,019,373
53$1,084,455$922,110$877,667$1,022,253
54$1,135,635$907,858$847,634$1,024,312
55$1,190,162$891,035$814,722$1,025,517
56$1,248,320$871,458$778,776$1,025,833
57$1,310,417$848,928$739,635$1,025,231
58$1,376,794$823,240$697,127$1,023,681
59$1,447,823$794,174$651,076$1,021,159
60$1,523,909$761,497$601,296$1,017,643
61$1,605,502$724,964$547,593$1,013,118
62$1,693,090$684,315$489,764$1,007,572
63$1,787,213$639,274$427,600$1,001,001
64$1,888,462$589,552$360,877$993,409
65$1,997,485$534,840$289,367$984,808
66$2,114,996$474,814$212,827$975,221
67$2,241,775$409,130$131,007$964,683
68$2,378,685$337,426$43,644$953,242
69$2,526,669$259,318$0$940,964
70$2,686,766$174,401$0$942,745
71$2,860,118$82,249$0$958,751
72$3,047,980$0$0$976,144
73$3,251,732$0$0$1,003,302
74$3,472,892$0$0$1,074,158
75$3,713,128$0$0$1,151,250
76$3,974,278$0$0$1,235,182
77$4,258,361$0$0$1,326,620
78$4,567,600$0$0$1,426,297
79$4,904,440$0$0$1,535,018
80$5,271,573$0$0$1,653,671
81$5,671,959$0$0$1,783,232
82$6,108,860$0$0$1,924,776
83$6,585,863$0$0$2,079,487
84$7,106,918$0$0$2,248,667
85$7,676,374$0$0$2,433,751
86$8,299,018$0$0$2,636,319
87$8,980,120$0$0$2,858,110
88$9,725,485$0$0$3,101,040
89$10,541,502$0$0$3,367,218
90$11,435,210$0$0$3,658,968
91$12,414,358$0$0$3,978,846
92$13,487,482$0$0$4,329,673
93$14,663,979$0$0$4,714,550
94$15,954,204$0$0$5,136,898
95$17,369,559$0$0$5,600,481
96$18,922,603$0$0$6,109,447
97$20,627,169$0$0$6,668,366
98$22,498,497$0$0$7,282,272
99$24,553,372$0$0$7,956,708
100$26,810,285$0$0$8,697,783