Can I retire at age 51 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$72,174$71,531$70,904$70,292$69,694$68,766
2 years$35,730$35,064$34,419$33,794$33,188$32,254
3 years$23,583$22,915$22,272$21,652$21,056$20,146
4 years$17,511$16,845$16,208$15,599$15,017$14,138
5 years$13,869$13,207$12,578$11,982$11,416$10,570
6 years$11,441$10,784$10,165$9,582$9,033$8,221
7 years$9,708$9,057$8,447$7,878$7,346$6,569
8 years$8,409$7,763$7,164$6,608$6,094$5,351
9 years$7,399$6,759$6,170$5,629$5,132$4,423
10 years$6,591$5,958$5,379$4,852$4,373$3,697
11 years$5,931$5,304$4,736$4,223$3,761$3,118
12 years$5,381$4,761$4,203$3,704$3,259$2,648
13 years$4,916$4,302$3,755$3,270$2,842$2,263
14 years$4,518$3,911$3,374$2,903$2,491$1,942
15 years$4,174$3,572$3,046$2,589$2,194$1,674
16 years$3,872$3,278$2,762$2,318$1,939$1,448
17 years$3,607$3,019$2,513$2,083$1,719$1,256
18 years$3,371$2,789$2,294$1,877$1,528$1,092
19 years$3,160$2,585$2,100$1,696$1,362$951
20 years$2,970$2,402$1,927$1,536$1,217$830
21 years$2,799$2,238$1,773$1,394$1,089$725
22 years$2,644$2,089$1,634$1,268$976$635
23 years$2,502$1,953$1,509$1,154$876$556
24 years$2,372$1,830$1,395$1,053$788$488
25 years$2,253$1,718$1,292$962$709$428
26 years$2,144$1,614$1,199$879$638$376
27 years$2,042$1,519$1,113$805$576$331
28 years$1,948$1,432$1,035$737$519$291
29 years$1,861$1,351$963$676$469$256
30 years$1,779$1,275$897$620$424$226
31 years$1,703$1,206$836$570$383$199
32 years$1,632$1,141$780$524$346$175
33 years$1,565$1,080$728$482$314$154
34 years$1,503$1,024$681$443$284$136
35 years$1,444$971$636$408$257$120
36 years$1,388$922$595$376$233$106
37 years$1,336$876$557$346$211$93
38 years$1,286$832$522$319$191$82
39 years$1,239$791$489$294$174$73
40 years$1,195$753$458$271$157$64
41 years$1,153$717$430$250$143$57
42 years$1,113$682$403$231$130$50
43 years$1,075$650$378$213$118$44
44 years$1,038$620$355$197$107$39
45 years$1,004$591$333$182$97$34
46 years$971$564$313$168$88$30
47 years$940$538$294$155$80$27
48 years$910$514$276$143$73$24
49 years$881$490$260$133$66$21
50 years$853$469$244$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $874,000, adding $3,001 every year, while hoping to spend $23,551 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: 37/42/21 Blend
50$874,000$874,000$874,000$874,000
51$966,244$919,922$906,375$995,788
52$1,039,742$939,940$911,680$1,037,567
53$1,119,949$960,149$916,374$1,080,245
54$1,207,522$980,535$920,411$1,125,863
55$1,303,188$1,001,080$923,743$1,174,699
56$1,407,745$1,021,765$926,321$1,227,061
57$1,522,074$1,042,570$928,091$1,283,286
58$1,647,142$1,063,473$928,999$1,343,749
59$1,784,017$1,084,449$928,987$1,408,859
60$1,933,872$1,105,473$927,993$1,479,072
61$2,098,001$1,126,515$925,955$1,554,888
62$2,277,827$1,147,544$922,805$1,636,860
63$2,474,919$1,168,528$918,473$1,725,598
64$2,691,005$1,189,430$912,885$1,821,773
65$2,927,986$1,210,210$905,966$1,926,129
66$3,187,958$1,230,828$897,633$2,039,482
67$3,473,228$1,251,237$887,802$2,162,736
68$3,786,340$1,271,390$876,386$2,296,887
69$4,130,092$1,291,233$863,290$2,443,034
70$4,507,569$1,310,712$848,418$2,602,388
71$4,922,170$1,329,765$831,669$2,776,287
72$5,377,637$1,348,330$812,935$2,966,205
73$5,878,094$1,366,336$792,107$3,173,770
74$6,428,083$1,383,710$769,066$3,400,776
75$7,032,610$1,400,374$743,693$3,649,203
76$7,697,188$1,416,244$715,858$3,921,234
77$8,427,891$1,431,230$685,429$4,219,278
78$9,231,412$1,445,237$652,267$4,545,991
79$10,115,125$1,458,162$616,226$4,904,304
80$11,087,152$1,469,896$577,154$5,297,448
81$12,156,445$1,480,325$534,893$5,728,986
82$13,332,866$1,489,324$489,275$6,202,851
83$14,627,280$1,496,762$440,127$6,723,377
84$16,051,660$1,502,501$387,269$7,295,345
85$17,619,197$1,506,392$330,511$7,924,027
86$19,344,427$1,508,276$269,654$8,615,238
87$21,243,364$1,507,987$204,493$9,375,389
88$23,333,655$1,505,347$134,812$10,211,551
89$25,634,746$1,500,167$60,386$11,131,520
90$28,168,061$1,492,246$0$12,143,893
91$30,957,210$1,481,373$0$13,262,416
92$34,028,205$1,467,320$0$14,507,991
93$37,409,713$1,449,850$0$15,878,656
94$41,133,320$1,428,709$0$17,387,178
95$45,233,831$1,403,627$0$19,047,630
96$49,749,599$1,374,322$0$20,875,523
97$54,722,885$1,340,491$0$22,887,957
98$60,200,260$1,301,816$0$25,103,779
99$66,233,039$1,257,958$0$27,543,763
100$72,877,771$1,208,560$0$30,230,808