Can I retire at age 51 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$72,504$71,859$71,228$70,613$70,013$68,768
2 years$35,893$35,225$34,577$33,949$33,340$32,090
3 years$23,691$23,020$22,374$21,751$21,152$19,936
4 years$17,591$16,922$16,282$15,671$15,086$13,913
5 years$13,932$13,267$12,636$12,037$11,468$10,342
6 years$11,494$10,834$10,212$9,626$9,074$7,996
7 years$9,753$9,098$8,486$7,914$7,380$6,350
8 years$8,447$7,799$7,197$6,639$6,122$5,140
9 years$7,433$6,790$6,198$5,655$5,156$4,221
10 years$6,622$5,985$5,404$4,874$4,393$3,505
11 years$5,958$5,328$4,758$4,242$3,778$2,935
12 years$5,406$4,782$4,222$3,721$3,274$2,476
13 years$4,939$4,322$3,772$3,285$2,855$2,100
14 years$4,539$3,928$3,389$2,916$2,503$1,789
15 years$4,193$3,589$3,060$2,601$2,204$1,531
16 years$3,890$3,293$2,775$2,329$1,948$1,314
17 years$3,623$3,032$2,525$2,092$1,727$1,130
18 years$3,386$2,802$2,305$1,886$1,535$975
19 years$3,174$2,597$2,110$1,704$1,369$842
20 years$2,984$2,413$1,936$1,543$1,222$729
21 years$2,812$2,248$1,781$1,400$1,094$632
22 years$2,656$2,098$1,642$1,273$981$549
23 years$2,514$1,962$1,516$1,160$880$477
24 years$2,383$1,839$1,402$1,058$791$415
25 years$2,264$1,725$1,298$966$712$361
26 years$2,153$1,622$1,204$883$641$314
27 years$2,051$1,526$1,118$808$578$274
28 years$1,957$1,438$1,039$741$522$239
29 years$1,869$1,357$967$679$471$208
30 years$1,787$1,281$901$623$426$182
31 years$1,711$1,211$840$572$385$159
32 years$1,639$1,146$784$526$348$138
33 years$1,572$1,085$732$484$315$121
34 years$1,509$1,029$684$445$285$106
35 years$1,450$976$639$410$258$92
36 years$1,394$926$598$377$234$81
37 years$1,342$880$560$348$212$70
38 years$1,292$836$524$321$192$62
39 years$1,245$795$491$296$174$54
40 years$1,200$756$460$273$158$47
41 years$1,158$720$432$251$144$41
42 years$1,118$686$405$232$130$36
43 years$1,080$653$380$214$118$31
44 years$1,043$623$357$198$107$28
45 years$1,009$594$335$183$97$24
46 years$975$566$314$169$88$21
47 years$944$541$295$156$80$18
48 years$914$516$278$144$73$16
49 years$885$493$261$133$66$14
50 years$857$471$245$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $878,000, adding $4,086 every year, while hoping to spend $32,727 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: 73/9/18 Blend
50$878,000$878,000$878,000$878,000
51$971,771$925,237$911,628$1,038,335
52$1,036,070$935,752$907,346$1,093,571
53$1,105,831$945,686$901,824$1,149,695
54$1,181,576$954,975$894,985$1,210,330
55$1,263,880$963,552$886,751$1,275,917
56$1,353,376$971,346$877,037$1,346,943
57$1,450,758$978,279$865,755$1,423,945
58$1,556,792$984,272$852,815$1,507,512
59$1,672,321$989,237$838,120$1,598,298
60$1,798,270$993,082$821,570$1,697,019
61$1,935,661$995,711$803,060$1,804,468
62$2,085,616$997,018$782,479$1,921,519
63$2,249,370$996,893$759,714$2,049,132
64$2,428,284$995,219$734,643$2,188,371
65$2,623,856$991,872$707,140$2,340,404
66$2,837,735$986,719$677,075$2,506,521
67$3,071,737$979,621$644,309$2,688,144
68$3,327,859$970,428$608,700$2,886,840
69$3,608,305$958,983$570,095$3,104,338
70$3,915,498$945,119$528,339$3,342,544
71$4,252,108$928,659$483,267$3,603,557
72$4,621,074$909,415$434,708$3,889,693
73$5,025,636$887,188$382,483$4,203,506
74$5,469,359$861,769$326,404$4,547,810
75$5,956,172$832,933$266,277$4,925,708
76$6,490,401$800,447$201,897$5,340,620
77$7,076,812$764,059$133,051$5,796,318
78$7,720,656$723,507$59,517$6,296,959
79$8,427,715$678,511$0$6,847,125
80$9,204,360$628,776$0$7,455,510
81$10,057,609$573,991$0$8,136,478
82$10,995,193$513,824$0$8,884,774
83$12,025,630$447,928$0$9,707,217
84$13,158,302$375,935$0$10,611,319
85$14,403,547$297,454$0$11,605,361
86$15,772,756$212,076$0$12,698,465
87$17,278,474$119,365$0$13,900,684
88$18,934,529$18,864$0$15,223,097
89$20,756,151$0$0$16,677,911
90$22,760,123$0$0$18,287,482
91$24,964,936$0$0$20,060,469
92$27,390,963$0$0$22,011,391
93$30,060,652$0$0$24,158,308
94$32,998,737$0$0$26,521,115
95$36,232,472$0$0$29,121,737
96$39,791,886$0$0$31,984,329
97$43,710,066$0$0$35,135,509
98$48,023,473$0$0$38,604,606
99$52,772,278$0$0$42,423,937
100$58,000,750$0$0$46,629,111