Can I retire at age 51 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$73,082$72,431$71,796$71,176$70,571$68,449
2 years$36,179$35,506$34,853$34,219$33,605$31,485
3 years$23,880$23,203$22,552$21,925$21,321$19,269
4 years$17,732$17,057$16,412$15,796$15,206$13,239
5 years$14,043$13,373$12,736$12,132$11,559$9,682
6 years$11,585$10,920$10,293$9,702$9,147$7,360
7 years$9,830$9,171$8,553$7,977$7,439$5,743
8 years$8,515$7,861$7,254$6,692$6,171$4,566
9 years$7,492$6,844$6,248$5,700$5,197$3,680
10 years$6,674$6,033$5,447$4,913$4,428$2,997
11 years$6,006$5,371$4,795$4,276$3,808$2,461
12 years$5,449$4,820$4,256$3,751$3,300$2,034
13 years$4,978$4,356$3,802$3,311$2,878$1,690
14 years$4,575$3,960$3,416$2,939$2,523$1,410
15 years$4,226$3,617$3,085$2,621$2,221$1,180
16 years$3,921$3,319$2,797$2,347$1,963$991
17 years$3,652$3,057$2,545$2,109$1,741$834
18 years$3,413$2,824$2,323$1,901$1,548$703
19 years$3,200$2,618$2,127$1,717$1,379$593
20 years$3,008$2,432$1,952$1,555$1,232$502
21 years$2,834$2,266$1,795$1,412$1,103$425
22 years$2,677$2,115$1,655$1,283$988$360
23 years$2,534$1,978$1,528$1,169$887$305
24 years$2,402$1,853$1,413$1,066$797$259
25 years$2,282$1,739$1,309$974$718$220
26 years$2,170$1,635$1,214$890$646$187
27 years$2,068$1,538$1,127$815$583$159
28 years$1,972$1,450$1,048$747$526$135
29 years$1,884$1,368$975$685$475$115
30 years$1,801$1,291$908$628$429$98
31 years$1,724$1,221$847$577$388$83
32 years$1,652$1,155$790$530$351$71
33 years$1,585$1,094$738$488$318$60
34 years$1,521$1,037$689$449$287$51
35 years$1,462$983$644$413$260$44
36 years$1,406$933$603$380$236$37
37 years$1,353$887$564$351$214$32
38 years$1,302$843$528$323$194$27
39 years$1,255$801$495$298$176$23
40 years$1,210$762$464$275$159$19
41 years$1,167$726$435$253$145$17
42 years$1,127$691$408$234$131$14
43 years$1,088$658$383$216$119$12
44 years$1,052$628$359$199$108$10
45 years$1,017$598$337$184$98$9
46 years$983$571$317$170$89$7
47 years$951$545$298$157$81$6
48 years$921$520$280$145$73$5
49 years$892$497$263$134$67$5
50 years$864$474$247$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $885,000, adding $5,722 every year, while hoping to spend $41,017 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: 59/33/8 Blend
50$885,000$885,000$885,000$885,000
51$981,172$934,267$920,550$1,036,998
52$1,037,610$936,405$907,746$1,077,290
53$1,098,430$937,272$893,139$1,116,035
54$1,164,035$936,764$876,625$1,157,261
55$1,234,870$934,768$858,095$1,201,209
56$1,311,420$931,166$837,435$1,248,144
57$1,394,223$925,831$814,527$1,298,363
58$1,483,866$918,629$789,246$1,352,191
59$1,580,997$909,418$761,462$1,409,989
60$1,686,327$898,048$731,040$1,472,156
61$1,800,639$884,359$697,836$1,539,135
62$1,924,794$868,182$661,703$1,611,414
63$2,059,738$849,338$622,485$1,689,534
64$2,206,512$827,636$580,019$1,774,093
65$2,366,263$802,877$534,137$1,865,753
66$2,540,251$774,847$484,659$1,965,245
67$2,729,863$743,322$431,403$2,073,379
68$2,936,627$708,063$374,173$2,191,048
69$3,162,223$668,818$312,767$2,319,242
70$3,408,501$625,321$246,976$2,459,054
71$3,677,497$577,290$176,578$2,611,692
72$3,971,452$524,427$101,344$2,778,492
73$4,292,834$466,418$21,033$2,960,929
74$4,644,360$402,930$0$3,160,634
75$5,029,022$333,611$0$3,384,931
76$5,450,115$258,090$0$3,632,563
77$5,911,265$175,975$0$3,903,957
78$6,416,467$86,851$0$4,201,567
79$6,970,121$0$0$4,528,101
80$7,577,071$0$0$4,890,078
81$8,242,654$0$0$5,321,681
82$8,972,748$0$0$5,795,191
83$9,773,826$0$0$6,314,817
84$10,653,018$0$0$6,885,192
85$11,618,178$0$0$7,511,423
86$12,677,960$0$0$8,199,133
87$13,841,893$0$0$8,954,519
88$15,120,477$0$0$9,784,404
89$16,525,278$0$0$10,696,309
90$18,069,038$0$0$11,698,516
91$19,765,794$0$0$12,800,150
92$21,631,011$0$0$14,011,265
93$23,681,727$0$0$15,342,937
94$25,936,713$0$0$16,807,368
95$28,416,650$0$0$18,418,005
96$31,144,325$0$0$20,189,659
97$34,144,841$0$0$22,138,653
98$37,445,859$0$0$24,282,967
99$41,077,857$0$0$26,642,416
100$45,074,412$0$0$29,238,831