Can I retire at age 51 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$71,926$71,286$70,661$70,051$69,455$68,644
2 years$35,607$34,944$34,301$33,678$33,074$32,257
3 years$23,502$22,836$22,195$21,578$20,983$20,187
4 years$17,451$16,787$16,152$15,546$14,965$14,195
5 years$13,821$13,161$12,535$11,941$11,377$10,635
6 years$11,402$10,747$10,130$9,549$9,002$8,290
7 years$9,675$9,025$8,418$7,851$7,321$6,638
8 years$8,380$7,736$7,139$6,586$6,073$5,420
9 years$7,374$6,736$6,149$5,610$5,115$4,491
10 years$6,569$5,937$5,361$4,836$4,358$3,763
11 years$5,911$5,286$4,720$4,208$3,748$3,181
12 years$5,363$4,744$4,189$3,691$3,248$2,709
13 years$4,900$4,287$3,742$3,259$2,832$2,320
14 years$4,503$3,897$3,362$2,893$2,483$1,997
15 years$4,159$3,560$3,036$2,580$2,186$1,726
16 years$3,859$3,266$2,752$2,310$1,932$1,497
17 years$3,594$3,008$2,505$2,076$1,713$1,302
18 years$3,359$2,780$2,286$1,870$1,523$1,135
19 years$3,149$2,576$2,093$1,690$1,358$992
20 years$2,960$2,394$1,921$1,531$1,213$868
21 years$2,790$2,230$1,767$1,389$1,085$761
22 years$2,635$2,081$1,628$1,263$973$668
23 years$2,494$1,947$1,504$1,150$873$587
24 years$2,364$1,824$1,391$1,049$785$517
25 years$2,246$1,712$1,288$958$706$455
26 years$2,136$1,609$1,194$876$636$401
27 years$2,035$1,514$1,109$802$574$354
28 years$1,941$1,427$1,031$735$518$312
29 years$1,854$1,346$960$674$467$276
30 years$1,773$1,271$894$618$422$243
31 years$1,697$1,202$833$568$382$215
32 years$1,626$1,137$777$522$345$190
33 years$1,560$1,077$726$480$313$168
34 years$1,497$1,020$678$442$283$149
35 years$1,439$968$634$407$256$132
36 years$1,383$919$593$374$232$117
37 years$1,331$873$555$345$210$103
38 years$1,282$829$520$318$191$91
39 years$1,235$788$487$293$173$81
40 years$1,191$750$457$270$157$72
41 years$1,149$714$428$249$142$63
42 years$1,109$680$402$230$129$56
43 years$1,071$648$377$213$117$50
44 years$1,035$618$354$196$106$44
45 years$1,000$589$332$181$97$39
46 years$968$562$312$167$88$35
47 years$936$536$293$155$80$31
48 years$906$512$275$143$72$27
49 years$878$489$259$132$66$24
50 years$850$467$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $871,000, adding $2,854 every year, while hoping to spend $34,037 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: 43/47/10 Blend
50$871,000$871,000$871,000$871,000
51$962,786$916,623$903,122$1,001,279
52$1,024,775$925,322$897,162$1,037,077
53$1,091,946$933,307$889,861$1,072,169
54$1,164,792$940,507$881,139$1,109,419
55$1,243,854$946,845$870,910$1,149,036
56$1,329,729$952,242$859,088$1,191,256
57$1,423,072$956,612$845,577$1,236,336
58$1,524,603$959,864$830,282$1,284,564
59$1,635,117$961,902$813,100$1,336,257
60$1,755,485$962,621$793,926$1,391,768
61$1,886,669$961,914$772,647$1,451,486
62$2,029,726$959,665$749,147$1,515,842
63$2,185,819$955,749$723,304$1,585,317
64$2,356,229$950,037$694,991$1,660,437
65$2,542,365$942,390$664,075$1,741,791
66$2,745,780$932,661$630,415$1,830,026
67$2,968,183$920,694$593,867$1,925,860
68$3,211,454$906,325$554,278$2,030,088
69$3,477,665$889,377$511,489$2,143,588
70$3,769,096$869,667$465,334$2,267,334
71$4,088,261$846,997$415,639$2,402,400
72$4,437,923$821,159$362,222$2,549,976
73$4,821,130$791,935$304,895$2,711,378
74$5,241,235$759,090$243,460$2,888,060
75$5,701,935$722,379$177,709$3,081,631
76$6,207,298$681,541$107,428$3,293,868
77$6,761,806$636,301$32,391$3,526,736
78$7,370,398$586,367$0$3,782,407
79$8,038,510$531,431$0$4,068,370
80$8,772,135$471,167$0$4,386,206
81$9,577,871$405,233$0$4,735,414
82$10,462,987$333,263$0$5,119,259
83$11,435,493$254,874$0$5,541,347
84$12,504,211$169,660$0$6,005,658
85$13,678,861$77,194$0$6,516,587
86$14,970,150$0$0$7,078,984
87$16,389,876$0$0$7,710,089
88$17,951,037$0$0$8,448,084
89$19,667,952$0$0$9,259,828
90$21,556,398$0$0$10,152,796
91$23,633,758$0$0$11,135,224
92$25,919,186$0$0$12,216,184
93$28,433,783$0$0$13,405,676
94$31,200,800$0$0$14,714,714
95$34,245,856$0$0$16,155,437
96$37,597,180$0$0$17,741,217
97$41,285,872$0$0$19,486,792
98$45,346,206$0$0$21,408,398
99$49,815,943$0$0$23,523,928
100$54,736,692$0$0$25,853,095