Can I retire at age 51 with 898,000?

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 $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%13.4%
1 years$74,156$73,495$72,851$72,222$71,608$70,596
2 years$36,711$36,027$35,365$34,722$34,099$33,082
3 years$24,231$23,544$22,883$22,247$21,634$20,642
4 years$17,992$17,307$16,653$16,028$15,429$14,472
5 years$14,250$13,569$12,924$12,311$11,729$10,808
6 years$11,756$11,080$10,444$9,845$9,281$8,397
7 years$9,975$9,305$8,679$8,094$7,548$6,702
8 years$8,640$7,976$7,361$6,790$6,262$5,453
9 years$7,602$6,945$6,340$5,784$5,273$4,502
10 years$6,772$6,122$5,527$4,985$4,493$3,759
11 years$6,094$5,450$4,866$4,339$3,864$3,166
12 years$5,529$4,891$4,318$3,806$3,349$2,686
13 years$5,051$4,420$3,858$3,360$2,920$2,291
14 years$4,642$4,018$3,467$2,983$2,560$1,964
15 years$4,288$3,670$3,130$2,660$2,254$1,691
16 years$3,978$3,368$2,838$2,382$1,992$1,460
17 years$3,706$3,101$2,582$2,140$1,766$1,265
18 years$3,463$2,866$2,357$1,928$1,570$1,098
19 years$3,247$2,656$2,158$1,743$1,400$955
20 years$3,052$2,468$1,980$1,578$1,250$832
21 years$2,876$2,299$1,822$1,432$1,119$726
22 years$2,716$2,146$1,679$1,302$1,003$635
23 years$2,571$2,007$1,550$1,186$900$555
24 years$2,438$1,881$1,434$1,082$809$486
25 years$2,315$1,765$1,328$988$728$426
26 years$2,202$1,659$1,231$903$656$374
27 years$2,098$1,561$1,144$827$591$328
28 years$2,001$1,471$1,063$758$534$288
29 years$1,912$1,388$989$695$482$253
30 years$1,828$1,310$921$638$435$223
31 years$1,750$1,239$859$586$394$196
32 years$1,677$1,172$802$538$356$172
33 years$1,608$1,110$748$495$322$152
34 years$1,544$1,052$699$455$292$133
35 years$1,483$998$654$419$264$117
36 years$1,426$947$612$386$239$103
37 years$1,372$900$572$356$217$91
38 years$1,322$855$536$328$197$80
39 years$1,273$813$502$302$178$71
40 years$1,228$773$471$279$162$62
41 years$1,184$736$441$257$147$55
42 years$1,143$701$414$237$133$48
43 years$1,104$668$389$219$121$43
44 years$1,067$637$365$202$110$38
45 years$1,031$607$342$187$100$33
46 years$998$579$322$173$90$29
47 years$965$553$302$159$82$26
48 years$935$528$284$147$75$23
49 years$905$504$267$136$68$20
50 years$877$481$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $898,000, adding $5,984 every year, while hoping to spend $47,777 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: 48/36/16 Blend
50$898,000$898,000$898,000$898,000
51$995,768$948,174$934,255$1,038,835
52$1,046,503$943,801$914,719$1,064,891
53$1,100,810$937,611$892,926$1,087,792
54$1,159,005$929,467$868,752$1,111,620
55$1,221,433$919,220$842,064$1,136,482
56$1,288,470$906,713$812,724$1,162,494
57$1,360,533$891,780$780,589$1,189,789
58$1,438,076$874,247$745,508$1,218,519
59$1,521,600$853,925$707,323$1,248,850
60$1,611,654$830,617$665,868$1,280,971
61$1,708,841$804,116$620,973$1,315,095
62$1,813,824$774,199$572,457$1,351,459
63$1,927,332$740,633$520,132$1,390,328
64$2,050,165$703,169$463,802$1,432,002
65$2,183,204$661,547$403,262$1,476,812
66$2,327,417$615,488$338,297$1,525,132
67$2,483,868$564,701$268,684$1,577,375
68$2,653,726$508,876$194,189$1,634,006
69$2,838,280$447,685$114,568$1,695,543
70$3,038,946$380,782$29,568$1,762,562
71$3,257,281$307,803$0$1,835,704
72$3,495,000$228,362$0$1,926,125
73$3,753,988$142,050$0$2,030,247
74$4,036,322$48,438$0$2,143,952
75$4,344,286$0$0$2,268,276
76$4,680,395$0$0$2,425,336
77$5,047,416$0$0$2,617,888
78$5,448,396$0$0$2,828,353
79$5,886,689$0$0$3,058,503
80$6,365,989$0$0$3,310,291
81$6,890,362$0$0$3,585,866
82$7,464,284$0$0$3,887,593
83$8,092,687$0$0$4,218,081
84$8,780,998$0$0$4,580,197
85$9,535,197$0$0$4,977,103
86$10,361,868$0$0$5,412,280
87$11,268,264$0$0$5,889,562
88$12,262,370$0$0$6,413,171
89$13,352,985$0$0$6,987,759
90$14,549,798$0$0$7,618,449
91$15,863,482$0$0$8,310,884
92$17,305,794$0$0$9,071,282
93$18,889,686$0$0$9,906,489
94$20,629,424$0$0$10,824,051
95$22,540,724$0$0$11,832,278
96$24,640,901$0$0$12,940,325
97$26,949,028$0$0$14,158,279
98$29,486,118$0$0$15,497,253
99$32,275,323$0$0$16,969,490
100$35,342,148$0$0$18,588,477