Can I retire at age 51 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$74,239$73,577$72,932$72,302$71,688$71,355
2 years$36,752$36,067$35,404$34,761$34,137$33,802
3 years$24,258$23,570$22,909$22,272$21,658$21,330
4 years$18,012$17,327$16,672$16,045$15,447$15,128
5 years$14,266$13,584$12,938$12,324$11,742$11,435
6 years$11,769$11,093$10,456$9,856$9,291$8,995
7 years$9,986$9,316$8,689$8,103$7,556$7,271
8 years$8,650$7,985$7,369$6,797$6,269$5,995
9 years$7,611$6,953$6,347$5,790$5,279$5,017
10 years$6,780$6,128$5,533$4,991$4,498$4,247
11 years$6,101$5,456$4,871$4,344$3,868$3,628
12 years$5,535$4,897$4,323$3,810$3,352$3,123
13 years$5,057$4,425$3,862$3,364$2,923$2,704
14 years$4,647$4,022$3,470$2,986$2,563$2,354
15 years$4,293$3,675$3,133$2,663$2,256$2,057
16 years$3,983$3,371$2,841$2,384$1,994$1,805
17 years$3,710$3,105$2,585$2,142$1,768$1,589
18 years$3,467$2,869$2,360$1,931$1,572$1,402
19 years$3,250$2,659$2,160$1,744$1,401$1,240
20 years$3,055$2,471$1,983$1,580$1,252$1,099
21 years$2,879$2,302$1,824$1,434$1,120$975
22 years$2,719$2,148$1,681$1,304$1,004$867
23 years$2,574$2,009$1,552$1,187$901$772
24 years$2,440$1,883$1,435$1,083$810$688
25 years$2,318$1,767$1,329$989$729$614
26 years$2,205$1,660$1,233$904$657$549
27 years$2,100$1,563$1,145$828$592$490
28 years$2,004$1,473$1,064$758$534$439
29 years$1,914$1,389$990$695$482$393
30 years$1,830$1,312$923$638$436$352
31 years$1,752$1,240$860$586$394$315
32 years$1,679$1,173$802$539$356$283
33 years$1,610$1,111$749$495$323$253
34 years$1,546$1,053$700$456$292$227
35 years$1,485$999$654$420$265$204
36 years$1,428$948$612$386$240$183
37 years$1,374$901$573$356$217$165
38 years$1,323$856$537$328$197$148
39 years$1,275$814$503$303$179$133
40 years$1,229$774$471$279$162$119
41 years$1,186$737$442$258$147$107
42 years$1,145$702$415$238$133$96
43 years$1,105$669$389$219$121$87
44 years$1,068$638$365$203$110$78
45 years$1,033$608$343$187$100$70
46 years$999$580$322$173$91$63
47 years$966$553$302$160$82$57
48 years$936$528$284$148$75$51
49 years$906$505$267$136$68$46
50 years$878$482$251$126$62$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $899,000, adding $5,431 every year, while hoping to spend $49,814 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: 57/14/29 Blend
50$899,000$899,000$899,000$899,000
51$996,300$948,653$934,719$1,044,866
52$1,044,921$942,135$913,030$1,072,327
53$1,096,832$933,629$888,945$1,096,592
54$1,152,315$922,983$862,331$1,122,032
55$1,211,681$910,040$833,050$1,148,778
56$1,275,271$894,629$800,955$1,176,975
57$1,343,456$876,574$765,895$1,206,787
58$1,416,647$855,684$727,710$1,238,394
59$1,495,292$831,760$686,236$1,272,000
60$1,579,885$804,589$641,297$1,307,832
61$1,670,966$773,947$592,714$1,346,143
62$1,769,130$739,596$540,296$1,387,213
63$1,875,031$701,286$483,845$1,431,359
64$1,989,385$658,750$423,155$1,478,928
65$2,112,981$611,707$358,009$1,530,311
66$2,246,685$559,861$288,183$1,585,940
67$2,391,450$502,897$213,439$1,646,298
68$2,548,322$440,483$133,534$1,711,919
69$2,718,453$372,269$48,209$1,783,399
70$2,903,108$297,883$0$1,861,398
71$3,103,681$216,935$0$1,959,908
72$3,321,703$129,011$0$2,083,266
73$3,558,858$33,674$0$2,217,533
74$3,817,000$0$0$2,363,805
75$4,098,171$0$0$2,534,003
76$4,404,613$0$0$2,725,225
77$4,738,798$0$0$2,933,833
78$5,103,445$0$0$3,161,534
79$5,501,546$0$0$3,410,207
80$5,936,396$0$0$3,681,919
81$6,411,623$0$0$3,978,949
82$6,931,218$0$0$4,303,801
83$7,499,579$0$0$4,659,237
84$8,121,546$0$0$5,048,296
85$8,802,450$0$0$5,474,324
86$9,548,160$0$0$5,941,006
87$10,365,140$0$0$6,452,402
88$11,260,508$0$0$7,012,980
89$12,242,105$0$0$7,627,664
90$13,318,565$0$0$8,301,876
91$14,499,398$0$0$9,041,587
92$15,795,081$0$0$9,853,376
93$17,217,150$0$0$10,744,488
94$18,778,316$0$0$11,722,905
95$20,492,578$0$0$12,797,418
96$22,375,361$0$0$13,977,713
97$24,443,652$0$0$15,274,459
98$26,716,167$0$0$16,699,410
99$29,213,527$0$0$18,265,516
100$31,958,444$0$0$19,987,041