Can I retire at age 51 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$74,156$73,495$72,851$72,222$71,608$69,962
2 years$36,711$36,027$35,365$34,722$34,099$32,450
3 years$24,231$23,544$22,883$22,247$21,634$20,033
4 years$17,992$17,307$16,653$16,028$15,429$13,889
5 years$14,250$13,569$12,924$12,311$11,729$10,254
6 years$11,756$11,080$10,444$9,845$9,281$7,872
7 years$9,975$9,305$8,679$8,094$7,548$6,206
8 years$8,640$7,976$7,361$6,790$6,262$4,986
9 years$7,602$6,945$6,340$5,784$5,273$4,062
10 years$6,772$6,122$5,527$4,985$4,493$3,346
11 years$6,094$5,450$4,866$4,339$3,864$2,780
12 years$5,529$4,891$4,318$3,806$3,349$2,325
13 years$5,051$4,420$3,858$3,360$2,920$1,955
14 years$4,642$4,018$3,467$2,983$2,560$1,651
15 years$4,288$3,670$3,130$2,660$2,254$1,400
16 years$3,978$3,368$2,838$2,382$1,992$1,190
17 years$3,706$3,101$2,582$2,140$1,766$1,015
18 years$3,463$2,866$2,357$1,928$1,570$867
19 years$3,247$2,656$2,158$1,743$1,400$742
20 years$3,052$2,468$1,980$1,578$1,250$636
21 years$2,876$2,299$1,822$1,432$1,119$546
22 years$2,716$2,146$1,679$1,302$1,003$469
23 years$2,571$2,007$1,550$1,186$900$403
24 years$2,438$1,881$1,434$1,082$809$347
25 years$2,315$1,765$1,328$988$728$299
26 years$2,202$1,659$1,231$903$656$258
27 years$2,098$1,561$1,144$827$591$222
28 years$2,001$1,471$1,063$758$534$192
29 years$1,912$1,388$989$695$482$165
30 years$1,828$1,310$921$638$435$143
31 years$1,750$1,239$859$586$394$123
32 years$1,677$1,172$802$538$356$107
33 years$1,608$1,110$748$495$322$92
34 years$1,544$1,052$699$455$292$80
35 years$1,483$998$654$419$264$69
36 years$1,426$947$612$386$239$59
37 years$1,372$900$572$356$217$51
38 years$1,322$855$536$328$197$44
39 years$1,273$813$502$302$178$38
40 years$1,228$773$471$279$162$33
41 years$1,184$736$441$257$147$29
42 years$1,143$701$414$237$133$25
43 years$1,104$668$389$219$121$21
44 years$1,067$637$365$202$110$19
45 years$1,031$607$342$187$100$16
46 years$998$579$322$173$90$14
47 years$965$553$302$159$82$12
48 years$935$528$284$147$75$10
49 years$905$504$267$136$68$9
50 years$877$481$251$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $898,000, adding $5,401 every year, while hoping to spend $28,609 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: 51/30/19 Blend
50$898,000$898,000$898,000$898,000
51$995,167$947,573$933,654$1,040,435
52$1,066,234$963,564$934,492$1,088,205
53$1,143,592$979,381$934,399$1,136,710
54$1,227,850$994,982$933,313$1,188,835
55$1,319,683$1,010,329$931,171$1,244,930
56$1,419,831$1,025,375$927,905$1,305,385
57$1,529,108$1,040,072$923,445$1,370,630
58$1,648,411$1,054,370$917,715$1,441,137
59$1,778,729$1,068,214$910,638$1,517,430
60$1,921,148$1,081,545$902,132$1,600,084
61$2,076,864$1,094,300$892,113$1,689,736
62$2,247,196$1,106,413$880,491$1,787,088
63$2,433,594$1,117,811$867,172$1,892,915
64$2,637,657$1,128,420$852,057$2,008,071
65$2,861,142$1,138,157$835,046$2,133,500
66$3,105,988$1,146,936$816,029$2,270,242
67$3,374,328$1,154,665$794,896$2,419,445
68$3,668,512$1,161,246$771,527$2,582,376
69$3,991,128$1,166,574$745,801$2,760,433
70$4,345,026$1,170,540$717,588$2,955,157
71$4,733,346$1,173,023$686,754$3,168,250
72$5,159,546$1,173,900$653,160$3,401,589
73$5,627,435$1,173,037$616,656$3,657,243
74$6,141,210$1,170,293$577,091$3,937,496
75$6,705,493$1,165,517$534,303$4,244,868
76$7,325,377$1,158,550$488,125$4,582,138
77$8,006,470$1,149,223$438,382$4,952,370
78$8,754,952$1,137,358$384,890$5,358,946
79$9,577,632$1,122,763$327,459$5,805,596
80$10,482,010$1,105,238$265,888$6,296,431
81$11,476,350$1,084,570$199,970$6,835,988
82$12,569,755$1,060,531$129,487$7,429,271
83$13,772,257$1,032,884$54,211$8,081,796
84$15,094,905$1,001,374$0$8,799,649
85$16,549,877$965,733$0$9,594,835
86$18,150,588$925,677$0$10,481,532
87$19,911,819$880,906$0$11,456,951
88$21,849,857$831,102$0$12,530,143
89$23,982,646$775,930$0$13,711,090
90$26,329,958$715,033$0$15,010,790
91$28,913,581$648,037$0$16,441,369
92$31,757,519$574,543$0$18,016,195
93$34,888,224$494,134$0$19,750,000
94$38,334,840$406,364$0$21,659,024
95$42,129,484$310,766$0$23,761,171
96$46,307,544$206,846$0$26,076,171
97$50,908,012$94,080$0$28,625,776
98$55,973,856$0$0$31,433,960
99$61,552,423$0$0$34,536,420
100$67,695,885$0$0$37,987,364