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%11.8%
1 years$72,587$71,940$71,310$70,694$70,093$69,564
2 years$35,934$35,265$34,616$33,987$33,377$32,844
3 years$23,718$23,046$22,399$21,776$21,176$20,655
4 years$17,611$16,941$16,301$15,688$15,103$14,598
5 years$13,948$13,282$12,650$12,050$11,481$10,994
6 years$11,507$10,846$10,223$9,637$9,085$8,615
7 years$9,764$9,108$8,495$7,923$7,388$6,938
8 years$8,457$7,808$7,205$6,646$6,129$5,697
9 years$7,441$6,798$6,206$5,661$5,162$4,748
10 years$6,629$5,992$5,410$4,880$4,398$4,003
11 years$5,965$5,334$4,763$4,247$3,782$3,405
12 years$5,412$4,788$4,227$3,725$3,278$2,918
13 years$4,945$4,327$3,777$3,289$2,858$2,515
14 years$4,544$3,933$3,393$2,919$2,506$2,179
15 years$4,197$3,593$3,064$2,604$2,206$1,896
16 years$3,894$3,296$2,778$2,331$1,950$1,656
17 years$3,627$3,036$2,528$2,095$1,729$1,450
18 years$3,390$2,805$2,307$1,888$1,537$1,273
19 years$3,178$2,600$2,112$1,706$1,370$1,121
20 years$2,987$2,416$1,939$1,545$1,224$988
21 years$2,815$2,250$1,783$1,402$1,095$873
22 years$2,659$2,101$1,643$1,275$982$772
23 years$2,516$1,965$1,517$1,161$881$684
24 years$2,386$1,841$1,403$1,059$792$606
25 years$2,266$1,727$1,300$967$713$538
26 years$2,156$1,624$1,205$884$642$478
27 years$2,054$1,528$1,119$809$579$425
28 years$1,959$1,440$1,041$742$522$378
29 years$1,871$1,358$968$680$472$336
30 years$1,789$1,283$902$624$426$300
31 years$1,713$1,213$841$573$385$267
32 years$1,641$1,147$785$527$348$238
33 years$1,574$1,087$733$484$315$212
34 years$1,511$1,030$684$446$286$189
35 years$1,452$977$640$410$259$169
36 years$1,396$927$599$378$234$151
37 years$1,343$881$560$348$212$135
38 years$1,294$837$525$321$193$120
39 years$1,246$796$492$296$175$107
40 years$1,202$757$461$273$158$96
41 years$1,159$721$432$252$144$86
42 years$1,119$686$405$232$130$77
43 years$1,081$654$380$214$118$68
44 years$1,044$623$357$198$107$61
45 years$1,010$594$335$183$97$55
46 years$977$567$315$169$89$49
47 years$945$541$296$156$80$44
48 years$915$517$278$144$73$39
49 years$886$493$261$133$66$35
50 years$858$471$246$123$60$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $879,000, adding $6,458 every year, while hoping to spend $28,975 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: 43/43/14 Blend
50$879,000$879,000$879,000$879,000
51$975,319$928,732$915,108$1,013,031
52$1,043,973$943,411$914,935$1,054,770
53$1,118,658$957,838$913,785$1,096,569
54$1,199,959$971,970$911,595$1,141,221
55$1,288,519$985,761$908,298$1,189,002
56$1,385,047$999,163$903,825$1,240,215
57$1,490,322$1,012,121$898,102$1,295,194
58$1,605,200$1,024,580$891,054$1,354,310
59$1,730,626$1,036,481$882,600$1,417,970
60$1,867,639$1,047,757$872,657$1,486,627
61$2,017,383$1,058,342$861,135$1,560,779
62$2,181,117$1,068,162$847,944$1,640,976
63$2,360,227$1,077,138$832,987$1,727,826
64$2,556,241$1,085,189$816,163$1,822,001
65$2,770,840$1,092,225$797,366$1,924,243
66$3,005,874$1,098,152$776,486$2,035,370
67$3,263,382$1,102,871$753,407$2,156,286
68$3,545,610$1,106,274$728,009$2,287,991
69$3,855,029$1,108,249$700,165$2,431,586
70$4,194,365$1,108,676$669,743$2,588,288
71$4,566,615$1,107,426$636,605$2,759,443
72$4,975,085$1,104,365$600,606$2,946,532
73$5,423,412$1,099,348$561,595$3,151,195
74$5,915,607$1,092,222$519,415$3,375,238
75$6,456,084$1,082,826$473,900$3,620,659
76$7,049,707$1,070,987$424,879$3,889,658
77$7,701,836$1,056,525$372,171$4,184,669
78$8,418,374$1,039,245$315,589$4,508,373
79$9,205,823$1,018,943$254,937$4,863,732
80$10,071,349$995,403$190,009$5,254,013
81$11,022,844$968,395$120,592$5,682,823
82$12,069,004$937,676$46,462$6,154,141
83$13,219,411$902,990$0$6,672,356
84$14,484,618$864,065$0$7,247,191
85$15,876,258$820,612$0$7,886,837
86$17,407,141$772,328$0$8,590,279
87$19,091,388$718,890$0$9,364,062
88$20,944,552$659,958$0$10,215,404
89$22,983,773$595,173$0$11,152,264
90$25,227,935$524,153$0$12,183,419
91$27,697,846$446,499$0$13,318,546
92$30,416,433$361,783$0$14,568,318
93$33,408,958$269,559$0$15,944,505
94$36,703,257$169,353$0$17,460,081
95$40,330,001$60,664$0$19,129,356
96$44,322,989$0$0$20,968,106
97$48,719,460$0$0$23,020,713
98$53,560,451$0$0$25,312,602
99$58,891,178$0$0$27,836,492
100$64,761,467$0$0$30,615,992