Can I retire at age 51 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$72,835$72,186$71,553$70,935$70,332$69,918
2 years$36,057$35,385$34,734$34,103$33,491$33,074
3 years$23,799$23,125$22,475$21,850$21,248$20,840
4 years$17,671$16,999$16,356$15,742$15,154$14,759
5 years$13,996$13,327$12,693$12,091$11,520$11,138
6 years$11,546$10,883$10,258$9,670$9,116$8,747
7 years$9,797$9,139$8,524$7,950$7,413$7,059
8 years$8,486$7,834$7,229$6,669$6,150$5,810
9 years$7,467$6,821$6,227$5,680$5,179$4,854
10 years$6,652$6,012$5,429$4,897$4,413$4,101
11 years$5,985$5,353$4,779$4,262$3,795$3,497
12 years$5,431$4,804$4,241$3,738$3,289$3,005
13 years$4,961$4,342$3,789$3,300$2,868$2,597
14 years$4,560$3,946$3,405$2,929$2,514$2,256
15 years$4,212$3,605$3,074$2,613$2,214$1,968
16 years$3,908$3,308$2,787$2,339$1,956$1,723
17 years$3,640$3,046$2,536$2,102$1,735$1,513
18 years$3,402$2,815$2,315$1,894$1,542$1,333
19 years$3,189$2,609$2,119$1,711$1,375$1,176
20 years$2,998$2,424$1,945$1,550$1,228$1,040
21 years$2,825$2,258$1,789$1,407$1,099$921
22 years$2,668$2,108$1,649$1,279$985$817
23 years$2,525$1,971$1,523$1,165$884$726
24 years$2,394$1,847$1,408$1,062$795$646
25 years$2,274$1,733$1,304$970$715$575
26 years$2,163$1,629$1,210$887$644$512
27 years$2,061$1,533$1,123$812$581$457
28 years$1,966$1,445$1,044$744$524$408
29 years$1,878$1,363$972$682$473$364
30 years$1,795$1,287$905$626$428$325
31 years$1,719$1,217$844$575$387$291
32 years$1,647$1,151$787$529$350$260
33 years$1,580$1,090$735$486$316$233
34 years$1,516$1,033$687$447$287$208
35 years$1,457$980$642$412$260$186
36 years$1,401$930$601$379$235$167
37 years$1,348$884$562$349$213$150
38 years$1,298$840$526$322$193$134
39 years$1,251$798$493$297$175$120
40 years$1,206$760$462$274$159$108
41 years$1,163$723$434$253$144$96
42 years$1,123$689$407$233$131$86
43 years$1,085$656$382$215$119$78
44 years$1,048$625$358$199$108$70
45 years$1,013$596$336$184$98$62
46 years$980$569$316$170$89$56
47 years$948$543$297$157$81$50
48 years$918$518$279$145$73$45
49 years$889$495$262$134$67$40
50 years$861$473$246$124$60$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $882,000, adding $4,504 every year, while hoping to spend $33,073 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: 64/29/7 Blend
50$882,000$882,000$882,000$882,000
51$976,610$929,864$916,193$1,037,559
52$1,041,035$940,238$911,696$1,089,087
53$1,110,922$950,012$905,940$1,141,025
54$1,186,795$959,121$898,848$1,196,888
55$1,269,228$967,497$890,338$1,257,055
56$1,358,852$975,067$880,327$1,321,943
57$1,456,362$981,753$868,726$1,392,013
58$1,562,525$987,473$855,442$1,467,772
59$1,678,181$992,137$840,378$1,549,780
60$1,804,256$995,653$823,432$1,638,655
61$1,941,771$997,921$804,497$1,735,078
62$2,091,847$998,834$783,463$1,839,799
63$2,255,719$998,280$760,212$1,953,648
64$2,434,746$996,141$734,624$2,077,538
65$2,630,427$992,288$706,570$2,212,478
66$2,844,407$986,587$675,917$2,359,578
67$3,078,503$978,896$642,527$2,520,066
68$3,334,712$969,063$606,253$2,695,293
69$3,615,233$956,928$566,942$2,886,753
70$3,922,489$942,319$524,437$3,096,089
71$4,259,148$925,058$478,571$3,325,117
72$4,628,148$904,953$429,170$3,575,839
73$5,032,725$881,802$376,054$3,850,462
74$5,476,442$855,390$319,031$4,151,421
75$5,963,226$825,491$257,905$4,481,402
76$6,497,400$791,864$192,470$4,843,366
77$7,083,726$754,257$122,509$5,240,579
78$7,727,451$712,400$47,797$5,676,643
79$8,434,352$666,009$0$6,155,532
80$9,210,797$614,785$0$6,684,010
81$10,063,798$558,408$0$7,268,490
82$11,001,080$496,545$0$7,910,742
83$12,031,154$428,839$0$8,616,663
84$13,163,396$354,917$0$9,392,750
85$14,408,137$274,383$0$10,246,170
86$15,776,756$186,817$0$11,184,821
87$17,281,793$91,779$0$12,217,412
88$18,937,062$0$0$13,353,544
89$20,757,783$0$0$14,607,376
90$22,760,725$0$0$16,018,982
91$24,964,365$0$0$17,572,104
92$27,389,060$0$0$19,281,098
93$30,057,243$0$0$21,161,784
94$32,993,626$0$0$23,231,592
95$36,225,443$0$0$25,509,725
96$39,782,698$0$0$28,017,347
97$43,698,456$0$0$30,777,773
98$48,009,144$0$0$33,816,697
99$52,754,907$0$0$37,162,428
100$57,979,975$0$0$40,846,161