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%17.1%
1 years$72,587$71,940$71,310$70,694$70,093$68,067
2 years$35,934$35,265$34,616$33,987$33,377$31,353
3 years$23,718$23,046$22,399$21,776$21,176$19,216
4 years$17,611$16,941$16,301$15,688$15,103$13,222
5 years$13,948$13,282$12,650$12,050$11,481$9,685
6 years$11,507$10,846$10,223$9,637$9,085$7,374
7 years$9,764$9,108$8,495$7,923$7,388$5,764
8 years$8,457$7,808$7,205$6,646$6,129$4,591
9 years$7,441$6,798$6,206$5,661$5,162$3,707
10 years$6,629$5,992$5,410$4,880$4,398$3,025
11 years$5,965$5,334$4,763$4,247$3,782$2,489
12 years$5,412$4,788$4,227$3,725$3,278$2,061
13 years$4,945$4,327$3,777$3,289$2,858$1,716
14 years$4,544$3,933$3,393$2,919$2,506$1,434
15 years$4,197$3,593$3,064$2,604$2,206$1,203
16 years$3,894$3,296$2,778$2,331$1,950$1,012
17 years$3,627$3,036$2,528$2,095$1,729$853
18 years$3,390$2,805$2,307$1,888$1,537$721
19 years$3,178$2,600$2,112$1,706$1,370$610
20 years$2,987$2,416$1,939$1,545$1,224$517
21 years$2,815$2,250$1,783$1,402$1,095$439
22 years$2,659$2,101$1,643$1,275$982$373
23 years$2,516$1,965$1,517$1,161$881$317
24 years$2,386$1,841$1,403$1,059$792$269
25 years$2,266$1,727$1,300$967$713$229
26 years$2,156$1,624$1,205$884$642$195
27 years$2,054$1,528$1,119$809$579$166
28 years$1,959$1,440$1,041$742$522$142
29 years$1,871$1,358$968$680$472$121
30 years$1,789$1,283$902$624$426$103
31 years$1,713$1,213$841$573$385$88
32 years$1,641$1,147$785$527$348$75
33 years$1,574$1,087$733$484$315$64
34 years$1,511$1,030$684$446$286$55
35 years$1,452$977$640$410$259$47
36 years$1,396$927$599$378$234$40
37 years$1,343$881$560$348$212$34
38 years$1,294$837$525$321$193$29
39 years$1,246$796$492$296$175$25
40 years$1,202$757$461$273$158$21
41 years$1,159$721$432$252$144$18
42 years$1,119$686$405$232$130$15
43 years$1,081$654$380$214$118$13
44 years$1,044$623$357$198$107$11
45 years$1,010$594$335$183$97$10
46 years$977$567$315$169$89$8
47 years$945$541$296$156$80$7
48 years$915$517$278$144$73$6
49 years$886$493$261$133$66$5
50 years$858$471$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $879,000, adding $5,219 every year, while hoping to spend $28,418 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: 43/41/16 Blend
50$879,000$879,000$879,000$879,000
51$974,041$927,454$913,830$1,011,186
52$1,043,157$942,663$914,207$1,053,009
53$1,118,370$957,665$913,644$1,095,075
54$1,200,272$972,419$912,079$1,140,040
55$1,289,515$986,882$909,449$1,188,185
56$1,386,816$1,001,010$905,685$1,239,817
57$1,492,963$1,014,751$900,717$1,295,279
58$1,608,824$1,028,053$894,471$1,354,947
59$1,735,356$1,040,859$886,868$1,419,236
60$1,873,611$1,053,110$877,827$1,488,605
61$2,024,748$1,064,741$867,262$1,563,562
62$2,190,041$1,075,682$855,084$1,644,667
63$2,370,896$1,085,861$841,200$1,732,539
64$2,568,857$1,095,198$825,510$1,827,860
65$2,785,629$1,103,612$807,913$1,931,384
66$3,023,087$1,111,012$788,302$2,043,944
67$3,283,295$1,117,304$766,563$2,166,459
68$3,568,527$1,122,388$742,579$2,299,945
69$3,881,288$1,126,157$716,227$2,445,522
70$4,224,338$1,128,497$687,379$2,604,427
71$4,600,714$1,129,287$655,900$2,778,027
72$5,013,763$1,128,399$621,649$2,967,828
73$5,467,173$1,125,696$584,480$3,175,494
74$5,965,003$1,121,034$544,239$3,402,863
75$6,511,728$1,114,259$500,765$3,651,962
76$7,112,275$1,105,208$453,891$3,925,029
77$7,772,073$1,093,709$403,443$4,224,532
78$8,497,102$1,079,579$349,236$4,553,196
79$9,293,951$1,062,622$291,079$4,914,029
80$10,169,878$1,042,635$228,774$5,310,350
81$11,132,880$1,019,398$162,113$5,745,818
82$12,191,766$992,682$90,876$6,224,474
83$13,356,244$962,241$14,838$6,750,775
84$14,637,008$927,818$0$7,329,638
85$16,045,840$889,138$0$7,977,809
86$17,595,723$845,912$0$8,693,391
87$19,300,959$797,835$0$9,480,494
88$21,177,310$744,581$0$10,346,447
89$23,242,139$685,810$0$11,299,330
90$25,514,580$621,158$0$12,348,055
91$28,015,715$550,242$0$13,502,446
92$30,768,774$472,660$0$14,773,336
93$33,799,351$387,982$0$16,172,670
94$37,135,650$295,759$0$17,713,618
95$40,808,748$195,513$0$19,410,701
96$44,852,888$86,740$0$21,279,928
97$49,305,802$0$0$23,338,950
98$54,209,067$0$0$25,621,254
99$59,608,499$0$0$28,177,741
100$65,554,581$0$0$30,993,199