Can I retire at age 51 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$73,330$72,677$72,040$71,418$70,810$68,489
2 years$36,302$35,626$34,971$34,335$33,719$31,403
3 years$23,961$23,282$22,628$21,999$21,393$19,154
4 years$17,792$17,115$16,468$15,849$15,258$13,113
5 years$14,091$13,418$12,780$12,174$11,599$9,554
6 years$11,625$10,957$10,328$9,735$9,178$7,235
7 years$9,864$9,202$8,582$8,004$7,464$5,623
8 years$8,544$7,887$7,279$6,714$6,192$4,452
9 years$7,517$6,867$6,269$5,719$5,215$3,573
10 years$6,697$6,053$5,466$4,930$4,443$2,897
11 years$6,026$5,389$4,812$4,291$3,821$2,369
12 years$5,467$4,837$4,270$3,763$3,311$1,949
13 years$4,995$4,371$3,815$3,322$2,888$1,611
14 years$4,591$3,973$3,428$2,949$2,531$1,338
15 years$4,240$3,630$3,095$2,630$2,229$1,114
16 years$3,934$3,330$2,806$2,355$1,970$931
17 years$3,664$3,067$2,553$2,116$1,746$779
18 years$3,425$2,834$2,331$1,907$1,553$653
19 years$3,211$2,626$2,134$1,723$1,384$549
20 years$3,018$2,441$1,958$1,561$1,236$462
21 years$2,844$2,273$1,801$1,416$1,106$389
22 years$2,686$2,122$1,660$1,288$992$327
23 years$2,542$1,985$1,533$1,173$890$276
24 years$2,410$1,860$1,418$1,070$800$233
25 years$2,289$1,745$1,313$977$720$197
26 years$2,178$1,640$1,218$893$649$166
27 years$2,075$1,544$1,131$818$585$140
28 years$1,979$1,454$1,051$749$528$119
29 years$1,890$1,372$978$687$476$100
30 years$1,808$1,296$911$630$430$85
31 years$1,730$1,225$850$579$389$72
32 years$1,658$1,159$793$532$352$61
33 years$1,590$1,098$740$489$319$51
34 years$1,527$1,040$691$450$288$43
35 years$1,467$987$646$414$261$37
36 years$1,410$937$605$382$237$31
37 years$1,357$890$566$352$215$26
38 years$1,307$845$530$324$195$22
39 years$1,259$804$497$299$176$19
40 years$1,214$765$465$276$160$16
41 years$1,171$728$436$254$145$14
42 years$1,131$693$409$235$132$11
43 years$1,092$661$384$217$120$10
44 years$1,055$630$361$200$108$8
45 years$1,020$600$339$185$98$7
46 years$987$573$318$171$89$6
47 years$955$547$299$158$81$5
48 years$924$522$281$146$74$4
49 years$895$498$264$135$67$4
50 years$867$476$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $888,000, adding $4,622 every year, while hoping to spend $38,225 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: 62/18/20 Blend
50$888,000$888,000$888,000$888,000
51$983,344$936,280$922,516$1,038,956
52$1,042,974$941,486$912,749$1,082,241
53$1,107,405$945,667$901,374$1,124,802
54$1,177,086$948,731$888,296$1,170,391
55$1,252,512$950,582$873,417$1,219,306
56$1,334,225$951,117$856,633$1,271,879
57$1,422,823$950,229$837,837$1,328,473
58$1,518,962$947,801$816,916$1,389,494
59$1,623,363$943,710$793,750$1,455,386
60$1,736,822$937,828$768,216$1,526,643
61$1,860,212$930,015$740,185$1,603,808
62$1,994,494$920,126$709,522$1,687,482
63$2,140,725$908,006$676,084$1,778,331
64$2,300,070$893,489$639,724$1,877,087
65$2,473,810$876,403$600,287$1,984,562
66$2,663,354$856,561$557,612$2,101,649
67$2,870,253$833,770$511,529$2,229,338
68$3,096,216$807,822$461,863$2,368,720
69$3,343,123$778,499$408,428$2,521,001
70$3,613,045$745,568$351,033$2,687,511
71$3,908,259$708,784$289,476$2,869,720
72$4,231,275$667,889$223,548$3,069,251
73$4,584,857$622,607$153,029$3,287,893
74$4,972,047$572,649$77,690$3,527,625
75$5,396,196$517,709$0$3,790,628
76$5,860,993$457,462$0$4,079,890
77$6,370,503$391,567$0$4,415,220
78$6,929,201$319,660$0$4,783,011
79$7,542,017$241,361$0$5,186,560
80$8,214,381$156,265$0$5,629,499
81$8,952,272$63,946$0$6,115,834
82$9,762,279$0$0$6,649,980
83$10,651,658$0$0$7,243,944
84$11,628,403$0$0$7,910,234
85$12,701,320$0$0$8,642,199
86$13,880,109$0$0$9,446,466
87$15,175,458$0$0$10,330,334
88$16,599,138$0$0$11,301,848
89$18,164,121$0$0$12,369,868
90$19,884,696$0$0$13,544,155
91$21,776,607$0$0$14,835,466
92$23,857,198$0$0$16,255,649
93$26,145,580$0$0$17,817,759
94$28,662,808$0$0$19,536,183
95$31,432,080$0$0$21,426,767
96$34,478,956$0$0$23,506,975
97$37,831,599$0$0$25,796,046
98$41,521,039$0$0$28,315,181
99$45,581,466$0$0$31,087,737
100$50,050,553$0$0$34,139,452