Can I retire at age 51 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$71,844$71,204$70,579$69,970$69,375$66,994
2 years$35,566$34,904$34,262$33,639$33,036$30,661
3 years$23,475$22,810$22,170$21,553$20,959$18,665
4 years$17,431$16,768$16,134$15,528$14,948$12,753
5 years$13,805$13,146$12,521$11,927$11,363$9,272
6 years$11,389$10,735$10,118$9,538$8,992$7,006
7 years$9,664$9,015$8,408$7,842$7,313$5,433
8 years$8,371$7,728$7,131$6,578$6,066$4,291
9 years$7,365$6,728$6,142$5,603$5,109$3,436
10 years$6,561$5,931$5,355$4,830$4,353$2,779
11 years$5,904$5,280$4,714$4,204$3,744$2,266
12 years$5,357$4,739$4,184$3,687$3,244$1,859
13 years$4,894$4,282$3,738$3,255$2,829$1,533
14 years$4,498$3,893$3,359$2,890$2,480$1,269
15 years$4,154$3,556$3,032$2,577$2,183$1,054
16 years$3,854$3,263$2,749$2,307$1,930$878
17 years$3,590$3,005$2,502$2,073$1,711$733
18 years$3,355$2,776$2,284$1,868$1,521$613
19 years$3,145$2,573$2,091$1,688$1,356$513
20 years$2,957$2,391$1,919$1,529$1,211$430
21 years$2,786$2,227$1,765$1,388$1,084$361
22 years$2,632$2,079$1,627$1,262$972$303
23 years$2,491$1,945$1,502$1,149$872$255
24 years$2,362$1,822$1,389$1,048$784$214
25 years$2,243$1,710$1,286$957$705$181
26 years$2,134$1,607$1,193$875$635$152
27 years$2,033$1,512$1,108$801$573$128
28 years$1,939$1,425$1,030$734$517$108
29 years$1,852$1,344$958$673$467$91
30 years$1,771$1,270$893$618$422$77
31 years$1,695$1,200$832$567$381$65
32 years$1,624$1,136$777$521$345$54
33 years$1,558$1,075$725$479$312$46
34 years$1,496$1,019$677$441$283$39
35 years$1,437$967$633$406$256$33
36 years$1,382$918$593$374$232$28
37 years$1,330$872$555$345$210$23
38 years$1,280$828$519$318$191$20
39 years$1,234$788$487$293$173$17
40 years$1,189$749$456$270$157$14
41 years$1,147$713$428$249$142$12
42 years$1,108$679$401$230$129$10
43 years$1,070$647$376$212$117$8
44 years$1,034$617$353$196$106$7
45 years$999$588$332$181$97$6
46 years$967$561$312$167$88$5
47 years$935$536$293$154$80$4
48 years$905$511$275$143$72$4
49 years$877$488$259$132$66$3
50 years$849$466$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $870,000, adding $6,821 every year, while hoping to spend $59,258 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: 54/17/29 Blend
50$870,000$870,000$870,000$870,000
51$965,776$919,666$906,181$1,009,799
52$1,001,235$901,679$873,488$1,023,019
53$1,038,325$880,826$837,714$1,030,795
54$1,077,149$856,901$798,692$1,038,087
55$1,117,820$829,692$756,250$1,044,871
56$1,160,460$798,969$710,207$1,051,126
57$1,205,201$764,492$660,373$1,056,831
58$1,252,187$726,007$606,550$1,061,966
59$1,301,572$683,244$548,532$1,066,514
60$1,353,527$635,917$486,103$1,070,461
61$1,408,236$583,727$419,037$1,073,796
62$1,465,900$526,353$347,098$1,076,510
63$1,526,738$463,460$270,042$1,078,601
64$1,590,987$394,692$187,610$1,080,069
65$1,658,908$319,672$99,536$1,080,923
66$1,730,785$238,005$5,538$1,081,176
67$1,806,928$149,269$0$1,080,852
68$1,887,674$53,023$0$1,109,307
69$1,973,394$0$0$1,140,992
70$2,064,493$0$0$1,183,922
71$2,161,413$0$0$1,240,191
72$2,264,639$0$0$1,300,169
73$2,374,701$0$0$1,364,169
74$2,492,179$0$0$1,432,536
75$2,617,712$0$0$1,505,647
76$2,751,995$0$0$1,583,915
77$2,895,794$0$0$1,667,794
78$3,049,949$0$0$1,757,782
79$3,215,379$0$0$1,854,425
80$3,393,094$0$0$1,958,322
81$3,584,204$0$0$2,070,131
82$3,789,924$0$0$2,190,574
83$4,011,592$0$0$2,320,445
84$4,250,676$0$0$2,460,616
85$4,508,788$0$0$2,612,044
86$4,787,701$0$0$2,775,781
87$5,089,362$0$0$2,952,985
88$5,415,911$0$0$3,144,927
89$5,769,703$0$0$3,353,005
90$6,153,325$0$0$3,578,757
91$6,569,622$0$0$3,823,874
92$7,021,725$0$0$4,090,216
93$7,513,074$0$0$4,379,828
94$8,047,459$0$0$4,694,961
95$8,629,044$0$0$5,038,092
96$9,262,414$0$0$5,411,946
97$9,952,614$0$0$5,819,522
98$10,705,195$0$0$6,264,122
99$11,526,268$0$0$6,749,377
100$12,422,559$0$0$7,279,287