Can I retire at age 51 with 899,000?

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 $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%17.3%
1 years$74,239$73,577$72,932$72,302$71,688$69,560
2 years$36,752$36,067$35,404$34,761$34,137$32,011
3 years$24,258$23,570$22,909$22,272$21,658$19,600
4 years$18,012$17,327$16,672$16,045$15,447$13,473
5 years$14,266$13,584$12,938$12,324$11,742$9,858
6 years$11,769$11,093$10,456$9,856$9,291$7,498
7 years$9,986$9,316$8,689$8,103$7,556$5,854
8 years$8,650$7,985$7,369$6,797$6,269$4,657
9 years$7,611$6,953$6,347$5,790$5,279$3,756
10 years$6,780$6,128$5,533$4,991$4,498$3,061
11 years$6,101$5,456$4,871$4,344$3,868$2,515
12 years$5,535$4,897$4,323$3,810$3,352$2,080
13 years$5,057$4,425$3,862$3,364$2,923$1,729
14 years$4,647$4,022$3,470$2,986$2,563$1,444
15 years$4,293$3,675$3,133$2,663$2,256$1,209
16 years$3,983$3,371$2,841$2,384$1,994$1,016
17 years$3,710$3,105$2,585$2,142$1,768$855
18 years$3,467$2,869$2,360$1,931$1,572$722
19 years$3,250$2,659$2,160$1,744$1,401$610
20 years$3,055$2,471$1,983$1,580$1,252$516
21 years$2,879$2,302$1,824$1,434$1,120$437
22 years$2,719$2,148$1,681$1,304$1,004$371
23 years$2,574$2,009$1,552$1,187$901$315
24 years$2,440$1,883$1,435$1,083$810$267
25 years$2,318$1,767$1,329$989$729$227
26 years$2,205$1,660$1,233$904$657$193
27 years$2,100$1,563$1,145$828$592$164
28 years$2,004$1,473$1,064$758$534$140
29 years$1,914$1,389$990$695$482$119
30 years$1,830$1,312$923$638$436$101
31 years$1,752$1,240$860$586$394$86
32 years$1,679$1,173$802$539$356$73
33 years$1,610$1,111$749$495$323$62
34 years$1,546$1,053$700$456$292$53
35 years$1,485$999$654$420$265$45
36 years$1,428$948$612$386$240$39
37 years$1,374$901$573$356$217$33
38 years$1,323$856$537$328$197$28
39 years$1,275$814$503$303$179$24
40 years$1,229$774$471$279$162$20
41 years$1,186$737$442$258$147$17
42 years$1,145$702$415$238$133$15
43 years$1,105$669$389$219$121$13
44 years$1,068$638$365$203$110$11
45 years$1,033$608$343$187$100$9
46 years$999$580$322$173$91$8
47 years$966$553$302$160$82$7
48 years$936$528$284$148$75$6
49 years$906$505$267$136$68$5
50 years$878$482$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $899,000, adding $3,459 every year, while hoping to spend $26,065 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: 59/13/28 Blend
50$899,000$899,000$899,000$899,000
51$994,266$946,619$932,684$1,045,172
52$1,067,948$965,270$936,196$1,099,015
53$1,148,272$983,962$938,952$1,154,653
54$1,235,888$1,002,669$940,900$1,214,802
55$1,331,512$1,021,362$941,983$1,279,908
56$1,435,930$1,040,013$942,143$1,350,461
57$1,550,010$1,058,589$941,320$1,427,004
58$1,674,706$1,077,055$939,449$1,510,133
59$1,811,069$1,095,373$936,464$1,600,507
60$1,960,255$1,113,504$932,293$1,698,853
61$2,123,539$1,131,403$926,862$1,805,971
62$2,302,323$1,149,025$920,095$1,922,745
63$2,498,152$1,166,318$911,910$2,050,149
64$2,712,726$1,183,231$902,221$2,189,257
65$2,947,919$1,199,705$890,941$2,341,254
66$3,205,795$1,215,678$877,976$2,507,445
67$3,488,626$1,231,086$863,227$2,689,272
68$3,798,914$1,245,857$846,594$2,888,321
69$4,139,417$1,259,918$827,968$3,106,346
70$4,513,170$1,273,187$807,239$3,345,277
71$4,923,521$1,285,580$784,288$3,607,242
72$5,374,152$1,297,006$758,993$3,894,592
73$5,869,123$1,307,366$731,227$4,209,913
74$6,412,905$1,316,559$700,855$4,556,061
75$7,010,425$1,324,474$667,738$4,936,184
76$7,667,109$1,330,994$631,728$5,353,751
77$8,388,936$1,335,995$592,673$5,812,588
78$9,182,493$1,339,344$550,412$6,316,914
79$10,055,036$1,340,900$504,779$6,871,380
80$11,014,559$1,340,514$455,600$7,481,112
81$12,069,873$1,338,028$402,690$8,151,764
82$13,230,681$1,333,272$345,862$8,889,567
83$14,507,676$1,326,068$284,914$9,701,393
84$15,912,640$1,316,227$219,639$10,594,814
85$17,458,553$1,303,546$149,822$11,578,182
86$19,159,719$1,287,813$75,234$12,660,701
87$21,031,896$1,268,802$0$13,852,518
88$23,092,448$1,246,272$0$15,166,123
89$25,360,509$1,219,970$0$16,636,614
90$27,857,160$1,189,627$0$18,255,161
91$30,605,630$1,154,959$0$20,036,828
92$33,631,516$1,115,664$0$21,998,215
93$36,963,022$1,071,423$0$24,157,615
94$40,631,226$1,021,898$0$26,535,190
95$44,670,373$966,733$0$29,153,153
96$49,118,198$905,550$0$32,035,989
97$54,016,281$837,949$0$35,210,676
98$59,410,442$763,509$0$38,706,948
99$65,351,169$681,783$0$42,557,568
100$71,894,098$592,299$0$46,798,645