Can I retire at age 51 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$73,661$73,004$72,364$71,739$71,129$70,770
2 years$36,466$35,786$35,128$34,490$33,871$33,509
3 years$24,069$23,387$22,730$22,098$21,489$21,135
4 years$17,872$17,192$16,542$15,920$15,326$14,982
5 years$14,154$13,479$12,837$12,228$11,651$11,318
6 years$11,677$11,006$10,374$9,779$9,219$8,899
7 years$9,908$9,243$8,621$8,040$7,497$7,189
8 years$8,582$7,923$7,311$6,745$6,220$5,924
9 years$7,551$6,898$6,297$5,745$5,238$4,954
10 years$6,727$6,081$5,490$4,952$4,463$4,192
11 years$6,053$5,413$4,833$4,310$3,838$3,579
12 years$5,492$4,859$4,290$3,780$3,326$3,078
13 years$5,018$4,391$3,832$3,337$2,901$2,664
14 years$4,611$3,991$3,443$2,963$2,543$2,317
15 years$4,259$3,646$3,109$2,642$2,239$2,024
16 years$3,952$3,345$2,819$2,366$1,979$1,775
17 years$3,681$3,081$2,565$2,126$1,754$1,561
18 years$3,440$2,847$2,341$1,916$1,560$1,376
19 years$3,225$2,638$2,143$1,731$1,390$1,216
20 years$3,032$2,452$1,967$1,568$1,242$1,077
21 years$2,857$2,284$1,809$1,423$1,111$956
22 years$2,698$2,132$1,668$1,294$996$849
23 years$2,554$1,994$1,540$1,178$894$755
24 years$2,421$1,868$1,424$1,075$804$673
25 years$2,300$1,753$1,319$981$723$600
26 years$2,188$1,648$1,223$897$651$535
27 years$2,084$1,551$1,136$821$587$478
28 years$1,988$1,461$1,056$752$530$428
29 years$1,899$1,378$983$690$479$382
30 years$1,816$1,302$915$633$432$342
31 years$1,738$1,231$853$582$391$306
32 years$1,666$1,164$796$535$354$274
33 years$1,597$1,103$743$492$320$246
34 years$1,534$1,045$695$452$290$221
35 years$1,473$991$649$416$262$198
36 years$1,417$941$607$383$238$177
37 years$1,363$894$569$353$216$159
38 years$1,313$849$532$326$195$143
39 years$1,265$807$499$300$177$128
40 years$1,220$768$468$277$161$115
41 years$1,176$731$438$255$146$103
42 years$1,136$696$411$236$132$93
43 years$1,097$664$386$218$120$83
44 years$1,060$633$362$201$109$75
45 years$1,025$603$340$186$99$67
46 years$991$575$319$171$90$60
47 years$959$549$300$158$82$54
48 years$928$524$282$146$74$49
49 years$899$501$265$135$67$44
50 years$871$478$249$125$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $892,000, adding $2,259 every year, while hoping to spend $21,602 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: 45/27/28 Blend
50$892,000$892,000$892,000$892,000
51$985,314$938,038$924,212$1,021,587
52$1,062,832$961,018$932,189$1,070,579
53$1,147,532$984,399$939,709$1,121,430
54$1,240,125$1,008,180$946,734$1,176,166
55$1,341,393$1,032,355$953,224$1,235,163
56$1,452,195$1,056,920$959,137$1,298,832
57$1,573,479$1,081,869$964,428$1,367,631
58$1,706,288$1,107,196$969,051$1,442,060
59$1,851,772$1,132,891$972,957$1,522,674
60$2,011,196$1,158,946$976,094$1,610,081
61$2,185,954$1,185,350$978,409$1,704,955
62$2,377,579$1,212,090$979,844$1,808,036
63$2,587,763$1,239,153$980,339$1,920,143
64$2,818,367$1,266,524$979,833$2,042,175
65$3,071,443$1,294,186$978,260$2,175,126
66$3,349,249$1,322,119$975,550$2,320,092
67$3,654,273$1,350,304$971,632$2,478,279
68$3,989,257$1,378,717$966,429$2,651,018
69$4,357,220$1,407,333$959,864$2,839,777
70$4,761,488$1,436,124$951,851$3,046,174
71$5,205,727$1,465,061$942,305$3,271,992
72$5,693,973$1,494,111$931,134$3,519,198
73$6,230,673$1,523,238$918,242$3,789,959
74$6,820,729$1,552,403$903,530$4,086,666
75$7,469,538$1,581,566$886,893$4,411,953
76$8,183,047$1,610,679$868,221$4,768,726
77$8,967,811$1,639,695$847,399$5,160,188
78$9,831,048$1,668,561$824,308$5,589,868
79$10,780,715$1,697,220$798,821$6,061,661
80$11,825,574$1,725,610$770,808$6,579,856
81$12,975,283$1,753,666$740,131$7,149,184
82$14,240,484$1,781,317$706,647$7,774,860
83$15,632,899$1,808,487$670,205$8,462,635
84$17,165,446$1,835,095$630,649$9,218,844
85$18,852,361$1,861,053$587,814$10,050,475
86$20,709,325$1,886,269$541,530$10,965,230
87$22,753,622$1,910,642$491,617$11,971,599
88$25,004,294$1,934,065$437,888$13,078,940
89$27,482,322$1,956,425$380,148$14,297,570
90$30,210,829$1,977,600$318,193$15,638,861
91$33,215,291$1,997,459$251,810$17,115,350
92$36,523,781$2,015,865$180,776$18,740,854
93$40,167,233$2,032,669$104,859$20,530,604
94$44,179,736$2,047,715$23,816$22,501,390
95$48,598,850$2,060,834$0$24,671,719
96$53,465,967$2,071,849$0$27,080,712
97$58,826,696$2,080,570$0$29,740,942
98$64,731,296$2,086,795$0$32,670,150
99$71,235,149$2,090,309$0$35,895,740
100$78,399,286$2,090,885$0$39,447,912