Can I retire at age 51 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,587$71,940$71,310$70,694$70,093$67,338
2 years$35,934$35,265$34,616$33,987$33,377$30,636
3 years$23,718$23,046$22,399$21,776$21,176$18,534
4 years$17,611$16,941$16,301$15,688$15,103$12,581
5 years$13,948$13,282$12,650$12,050$11,481$9,085
6 years$11,507$10,846$10,223$9,637$9,085$6,816
7 years$9,764$9,108$8,495$7,923$7,388$5,246
8 years$8,457$7,808$7,205$6,646$6,129$4,112
9 years$7,441$6,798$6,206$5,661$5,162$3,266
10 years$6,629$5,992$5,410$4,880$4,398$2,620
11 years$5,965$5,334$4,763$4,247$3,782$2,118
12 years$5,412$4,788$4,227$3,725$3,278$1,723
13 years$4,945$4,327$3,777$3,289$2,858$1,408
14 years$4,544$3,933$3,393$2,919$2,506$1,155
15 years$4,197$3,593$3,064$2,604$2,206$951
16 years$3,894$3,296$2,778$2,331$1,950$784
17 years$3,627$3,036$2,528$2,095$1,729$648
18 years$3,390$2,805$2,307$1,888$1,537$537
19 years$3,178$2,600$2,112$1,706$1,370$445
20 years$2,987$2,416$1,939$1,545$1,224$370
21 years$2,815$2,250$1,783$1,402$1,095$307
22 years$2,659$2,101$1,643$1,275$982$255
23 years$2,516$1,965$1,517$1,161$881$212
24 years$2,386$1,841$1,403$1,059$792$177
25 years$2,266$1,727$1,300$967$713$147
26 years$2,156$1,624$1,205$884$642$123
27 years$2,054$1,528$1,119$809$579$102
28 years$1,959$1,440$1,041$742$522$85
29 years$1,871$1,358$968$680$472$71
30 years$1,789$1,283$902$624$426$59
31 years$1,713$1,213$841$573$385$49
32 years$1,641$1,147$785$527$348$41
33 years$1,574$1,087$733$484$315$34
34 years$1,511$1,030$684$446$286$29
35 years$1,452$977$640$410$259$24
36 years$1,396$927$599$378$234$20
37 years$1,343$881$560$348$212$17
38 years$1,294$837$525$321$193$14
39 years$1,246$796$492$296$175$12
40 years$1,202$757$461$273$158$10
41 years$1,159$721$432$252$144$8
42 years$1,119$686$405$232$130$7
43 years$1,081$654$380$214$118$6
44 years$1,044$623$357$198$107$5
45 years$1,010$594$335$183$97$4
46 years$977$567$315$169$89$3
47 years$945$541$296$156$80$3
48 years$915$517$278$144$73$2
49 years$886$493$261$133$66$2
50 years$858$471$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $879,000, adding $3,439 every year, while hoping to spend $40,933 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: 49/35/16 Blend
50$879,000$879,000$879,000$879,000
51$972,205$925,618$911,994$1,015,362
52$1,027,818$927,421$898,993$1,047,318
53$1,087,731$927,941$884,185$1,077,512
54$1,152,340$927,070$867,466$1,109,418
55$1,222,080$924,698$848,727$1,143,212
56$1,297,427$920,703$827,855$1,179,089
57$1,378,907$914,960$804,730$1,217,266
58$1,467,095$907,333$779,228$1,257,985
59$1,562,627$897,680$751,220$1,301,515
60$1,666,198$885,849$720,569$1,348,152
61$1,778,575$871,680$687,133$1,398,230
62$1,900,601$855,004$650,763$1,452,116
63$2,033,202$835,640$611,304$1,510,220
64$2,177,400$813,397$568,594$1,572,994
65$2,334,315$788,074$522,462$1,640,944
66$2,505,182$759,456$472,732$1,714,627
67$2,691,360$727,319$419,218$1,794,665
68$2,894,344$691,423$361,726$1,881,744
69$3,115,778$651,514$300,055$1,976,627
70$3,357,475$607,325$233,994$2,080,159
71$3,621,427$558,573$163,323$2,193,277
72$3,909,829$504,960$87,810$2,317,016
73$4,225,097$446,169$7,218$2,452,527
74$4,569,891$381,865$0$2,601,083
75$4,947,140$311,696$0$2,777,541
76$5,360,068$235,290$0$2,972,202
77$5,812,227$152,251$0$3,185,603
78$6,307,528$62,165$0$3,419,704
79$6,850,276$0$0$3,676,667
80$7,445,216$0$0$3,972,523
81$8,097,569$0$0$4,323,277
82$8,813,091$0$0$4,708,093
83$9,598,117$0$0$5,130,391
84$10,459,628$0$0$5,593,939
85$11,405,312$0$0$6,102,887
86$12,443,638$0$0$6,661,805
87$13,583,934$0$0$7,275,731
88$14,836,480$0$0$7,950,212
89$16,212,594$0$0$8,691,359
90$17,724,751$0$0$9,505,905
91$19,386,689$0$0$10,401,268
92$21,213,547$0$0$11,385,619
93$23,222,000$0$0$12,467,961
94$25,430,423$0$0$13,658,215
95$27,859,058$0$0$14,967,307
96$30,530,208$0$0$16,407,280
97$33,468,445$0$0$17,991,399
98$36,700,843$0$0$19,734,282
99$40,257,233$0$0$21,652,032
100$44,170,480$0$0$23,762,397