Can I retire at age 51 with 890,000?

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 $890,000?

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 years$73,495$72,841$72,202$71,579$70,970$68,671
2 years$36,384$35,706$35,050$34,413$33,795$31,500
3 years$24,015$23,334$22,679$22,049$21,441$19,223
4 years$17,832$17,153$16,505$15,885$15,292$13,167
5 years$14,123$13,448$12,808$12,201$11,625$9,599
6 years$11,651$10,982$10,351$9,757$9,198$7,273
7 years$9,886$9,222$8,602$8,022$7,481$5,656
8 years$8,563$7,905$7,295$6,729$6,206$4,480
9 years$7,534$6,883$6,283$5,732$5,226$3,598
10 years$6,712$6,067$5,478$4,941$4,453$2,920
11 years$6,040$5,401$4,823$4,300$3,830$2,388
12 years$5,480$4,848$4,280$3,772$3,319$1,966
13 years$5,006$4,381$3,824$3,330$2,894$1,627
14 years$4,601$3,982$3,436$2,956$2,537$1,351
15 years$4,250$3,638$3,102$2,636$2,234$1,126
16 years$3,943$3,338$2,812$2,360$1,974$941
17 years$3,673$3,074$2,559$2,121$1,750$789
18 years$3,432$2,840$2,336$1,911$1,556$662
19 years$3,218$2,632$2,139$1,727$1,387$556
20 years$3,025$2,446$1,963$1,564$1,239$468
21 years$2,851$2,278$1,805$1,420$1,109$395
22 years$2,692$2,127$1,664$1,291$994$333
23 years$2,548$1,989$1,536$1,175$892$281
24 years$2,416$1,864$1,421$1,072$802$237
25 years$2,295$1,749$1,316$979$722$200
26 years$2,183$1,644$1,221$895$650$169
27 years$2,079$1,547$1,133$819$586$143
28 years$1,984$1,458$1,054$751$529$121
29 years$1,895$1,375$980$688$477$103
30 years$1,812$1,299$913$632$431$87
31 years$1,734$1,228$851$580$390$73
32 years$1,662$1,162$794$533$353$62
33 years$1,594$1,100$742$490$319$53
34 years$1,530$1,043$693$451$289$45
35 years$1,470$989$648$415$262$38
36 years$1,414$939$606$383$237$32
37 years$1,360$892$567$352$215$27
38 years$1,310$847$531$325$195$23
39 years$1,262$806$498$300$177$19
40 years$1,217$767$467$276$160$16
41 years$1,174$730$437$255$145$14
42 years$1,133$695$410$235$132$12
43 years$1,094$662$385$217$120$10
44 years$1,057$631$361$201$109$9
45 years$1,022$602$339$185$99$7
46 years$989$574$319$171$90$6
47 years$957$548$299$158$81$5
48 years$926$523$281$146$74$4
49 years$897$499$265$135$67$4
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $890,000, adding $4,071 every year, while hoping to spend $58,391 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: 74/21/5 Blend
50$890,000$890,000$890,000$890,000
51$984,979$937,809$924,014$1,057,202
52$1,023,320$921,634$892,841$1,089,094
53$1,063,614$902,710$858,667$1,116,189
54$1,105,999$880,839$821,329$1,144,183
55$1,150,625$855,815$780,658$1,173,142
56$1,197,656$827,417$736,477$1,203,144
57$1,247,268$795,411$688,600$1,234,270
58$1,299,655$759,552$636,834$1,266,617
59$1,355,028$719,579$580,976$1,300,286
60$1,413,618$675,215$520,816$1,335,396
61$1,475,676$626,170$456,132$1,372,076
62$1,541,477$572,134$386,694$1,410,470
63$1,611,321$512,781$312,262$1,450,738
64$1,685,536$447,768$232,583$1,493,061
65$1,764,482$376,730$147,396$1,537,637
66$1,848,551$299,282$56,426$1,584,688
67$1,938,175$215,018$0$1,634,461
68$2,033,823$123,509$0$1,689,400
69$2,136,014$24,301$0$1,750,995
70$2,245,312$0$0$1,816,588
71$2,362,339$0$0$1,905,774
72$2,487,774$0$0$2,007,414
73$2,622,365$0$0$2,116,498
74$2,766,930$0$0$2,233,696
75$2,922,369$0$0$2,359,739
76$3,089,670$0$0$2,495,432
77$3,269,915$0$0$2,641,658
78$3,464,296$0$0$2,799,388
79$3,674,121$0$0$2,969,687
80$3,900,826$0$0$3,153,726
81$4,145,992$0$0$3,352,794
82$4,411,353$0$0$3,568,303
83$4,698,820$0$0$3,801,811
84$5,010,490$0$0$4,055,027
85$5,348,670$0$0$4,329,832
86$5,715,899$0$0$4,628,294
87$6,114,967$0$0$4,952,690
88$6,548,946$0$0$5,305,522
89$7,021,213$0$0$5,689,544
90$7,535,487$0$0$6,107,786
91$8,095,857$0$0$6,563,583
92$8,706,825$0$0$7,060,605
93$9,373,345$0$0$7,602,890
94$10,100,870$0$0$8,194,885
95$10,895,404$0$0$8,841,482
96$11,763,553$0$0$9,548,071
97$12,712,594$0$0$10,320,581
98$13,750,535$0$0$11,165,543
99$14,886,196$0$0$12,090,148
100$16,129,287$0$0$13,102,313