Can I retire at age 51 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$72,092$71,449$70,823$70,211$69,614$67,849
2 years$35,689$35,024$34,380$33,755$33,150$31,382
3 years$23,556$22,889$22,246$21,627$21,031$19,318
4 years$17,491$16,826$16,190$15,581$15,000$13,353
5 years$13,853$13,191$12,564$11,968$11,403$9,827
6 years$11,428$10,772$10,153$9,571$9,023$7,520
7 years$9,697$9,046$8,437$7,869$7,338$5,908
8 years$8,399$7,754$7,156$6,601$6,087$4,730
9 years$7,390$6,751$6,163$5,623$5,126$3,840
10 years$6,584$5,951$5,373$4,847$4,368$3,151
11 years$5,924$5,298$4,730$4,218$3,757$2,608
12 years$5,375$4,755$4,198$3,700$3,255$2,172
13 years$4,911$4,297$3,751$3,266$2,839$1,819
14 years$4,513$3,906$3,370$2,900$2,488$1,530
15 years$4,169$3,568$3,043$2,586$2,191$1,292
16 years$3,868$3,274$2,759$2,315$1,936$1,094
17 years$3,602$3,015$2,510$2,080$1,717$928
18 years$3,367$2,786$2,292$1,875$1,527$790
19 years$3,156$2,582$2,098$1,694$1,361$673
20 years$2,967$2,399$1,925$1,534$1,215$574
21 years$2,796$2,235$1,771$1,392$1,088$491
22 years$2,641$2,086$1,632$1,266$975$420
23 years$2,499$1,951$1,507$1,153$875$359
24 years$2,370$1,828$1,394$1,052$787$308
25 years$2,251$1,716$1,291$960$708$264
26 years$2,141$1,612$1,197$878$638$226
27 years$2,040$1,517$1,112$804$575$194
28 years$1,946$1,430$1,033$736$519$167
29 years$1,858$1,349$962$675$468$143
30 years$1,777$1,274$896$620$423$123
31 years$1,701$1,204$835$569$383$106
32 years$1,630$1,140$779$523$346$91
33 years$1,563$1,079$728$481$313$78
34 years$1,501$1,023$680$443$284$67
35 years$1,442$970$636$407$257$58
36 years$1,387$921$595$375$233$50
37 years$1,334$875$556$346$211$43
38 years$1,285$831$521$319$191$37
39 years$1,238$790$488$294$173$32
40 years$1,194$752$458$271$157$27
41 years$1,151$716$429$250$143$23
42 years$1,111$682$403$231$129$20
43 years$1,073$649$378$213$118$17
44 years$1,037$619$355$197$107$15
45 years$1,003$590$333$182$97$13
46 years$970$563$313$168$88$11
47 years$938$537$294$155$80$9
48 years$908$513$276$143$73$8
49 years$880$490$259$132$66$7
50 years$852$468$244$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $873,000, adding $4,835 every year, while hoping to spend $22,727 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: 82/5/13 Blend
50$873,000$873,000$873,000$873,000
51$967,033$920,764$907,233$1,043,584
52$1,041,489$941,700$913,444$1,115,436
53$1,122,778$962,901$919,101$1,190,833
54$1,211,573$984,354$924,162$1,272,948
55$1,308,614$1,006,048$928,582$1,362,443
56$1,414,717$1,027,969$932,315$1,460,049
57$1,530,781$1,050,102$935,310$1,566,570
58$1,657,794$1,072,430$937,516$1,682,892
59$1,796,844$1,094,935$938,878$1,809,990
60$1,949,131$1,117,596$939,339$1,948,939
61$2,115,976$1,140,391$938,840$2,100,923
62$2,298,831$1,163,296$937,317$2,267,246
63$2,499,299$1,186,285$934,704$2,449,346
64$2,719,143$1,209,328$930,933$2,648,805
65$2,960,307$1,232,396$925,930$2,867,367
66$3,224,929$1,255,454$919,619$3,106,955
67$3,515,366$1,278,466$911,921$3,369,685
68$3,834,215$1,301,393$902,752$3,657,890
69$4,184,336$1,324,192$892,025$3,974,141
70$4,568,879$1,346,818$879,649$4,321,270
71$4,991,313$1,369,221$865,526$4,702,396
72$5,455,463$1,391,349$849,557$5,120,960
73$5,965,540$1,413,144$831,637$5,580,750
74$6,526,184$1,434,547$811,655$6,085,940
75$7,142,506$1,455,491$789,497$6,641,131
76$7,820,139$1,475,908$765,043$7,251,393
77$8,565,287$1,495,721$738,165$7,922,312
78$9,384,786$1,514,851$708,733$8,660,042
79$10,286,168$1,533,212$676,610$9,471,369
80$11,277,731$1,550,714$641,650$10,363,765
81$12,368,618$1,567,257$603,704$11,345,468
82$13,568,904$1,582,739$562,614$12,425,554
83$14,889,687$1,597,048$518,217$13,614,027
84$16,343,197$1,610,066$470,340$14,921,908
85$17,942,911$1,621,667$418,804$16,361,343
86$19,703,676$1,631,717$363,422$17,945,719
87$21,641,853$1,640,073$303,998$19,689,785
88$23,775,468$1,646,583$240,328$21,609,796
89$26,124,385$1,651,085$172,199$23,723,665
90$28,710,493$1,653,408$99,388$26,051,131
91$31,557,908$1,653,370$21,662$28,613,949
92$34,693,206$1,650,777$0$31,436,089
93$38,145,671$1,645,423$0$34,552,470
94$41,947,571$1,637,090$0$37,987,462
95$46,134,462$1,625,546$0$41,770,176
96$50,745,526$1,610,547$0$45,936,004
97$55,823,937$1,591,831$0$50,523,947
98$61,417,270$1,569,122$0$55,576,980
99$67,577,951$1,542,128$0$61,142,463
100$74,363,749$1,510,540$0$67,272,581