Can I retire at age 51 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$73,908$73,250$72,608$71,981$71,369$68,809
2 years$36,588$35,907$35,246$34,606$33,985$31,434
3 years$24,150$23,466$22,807$22,172$21,561$19,099
4 years$17,932$17,250$16,597$15,974$15,378$13,023
5 years$14,202$13,524$12,880$12,270$11,690$9,449
6 years$11,716$11,043$10,409$9,812$9,250$7,124
7 years$9,942$9,274$8,650$8,067$7,523$5,512
8 years$8,611$7,950$7,336$6,767$6,241$4,343
9 years$7,577$6,922$6,318$5,764$5,256$3,469
10 years$6,750$6,101$5,509$4,969$4,478$2,799
11 years$6,074$5,431$4,850$4,324$3,851$2,276
12 years$5,511$4,875$4,304$3,793$3,337$1,862
13 years$5,035$4,406$3,845$3,349$2,910$1,531
14 years$4,627$4,004$3,455$2,973$2,551$1,264
15 years$4,274$3,658$3,119$2,651$2,246$1,047
16 years$3,965$3,356$2,828$2,374$1,985$870
17 years$3,693$3,091$2,574$2,133$1,760$724
18 years$3,452$2,856$2,349$1,922$1,565$603
19 years$3,236$2,647$2,151$1,737$1,395$504
20 years$3,042$2,460$1,974$1,573$1,246$421
21 years$2,867$2,291$1,816$1,428$1,115$352
22 years$2,707$2,139$1,673$1,298$1,000$295
23 years$2,562$2,000$1,545$1,182$897$247
24 years$2,429$1,874$1,429$1,078$806$207
25 years$2,307$1,759$1,323$985$726$174
26 years$2,195$1,653$1,227$900$654$146
27 years$2,091$1,556$1,140$824$589$123
28 years$1,995$1,466$1,060$755$532$103
29 years$1,905$1,383$986$692$480$86
30 years$1,822$1,306$918$635$434$73
31 years$1,744$1,235$856$584$392$61
32 years$1,671$1,168$799$536$355$51
33 years$1,603$1,106$746$493$321$43
34 years$1,539$1,049$697$454$291$36
35 years$1,478$995$652$418$263$30
36 years$1,421$944$610$385$239$26
37 years$1,368$897$571$354$216$22
38 years$1,317$852$534$327$196$18
39 years$1,269$810$501$301$178$15
40 years$1,224$771$469$278$161$13
41 years$1,180$734$440$256$146$11
42 years$1,139$699$413$237$133$9
43 years$1,100$666$387$218$120$8
44 years$1,063$635$363$202$109$6
45 years$1,028$605$341$186$99$5
46 years$994$577$321$172$90$5
47 years$962$551$301$159$82$4
48 years$931$526$283$147$74$3
49 years$902$502$266$136$68$3
50 years$874$480$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $895,000, adding $3,885 every year, while hoping to spend $36,368 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: 52/25/23 Blend
50$895,000$895,000$895,000$895,000
51$990,297$942,862$928,990$1,035,279
52$1,052,612$950,367$921,416$1,074,273
53$1,120,065$957,021$912,369$1,112,609
54$1,193,140$962,744$901,762$1,153,555
55$1,272,372$967,450$889,503$1,197,373
56$1,358,348$971,049$875,495$1,244,352
57$1,451,713$973,444$859,638$1,294,814
58$1,553,178$974,534$841,826$1,349,113
59$1,663,525$974,208$821,950$1,407,643
60$1,783,613$972,352$799,893$1,470,839
61$1,914,387$968,843$775,536$1,539,182
62$2,056,889$963,551$748,750$1,613,204
63$2,212,264$956,338$719,406$1,693,495
64$2,381,773$947,056$687,364$1,780,704
65$2,566,803$935,551$652,480$1,875,554
66$2,768,882$921,658$614,603$1,978,840
67$2,989,692$905,203$573,576$2,091,442
68$3,231,083$886,001$529,234$2,214,334
69$3,495,094$863,856$481,404$2,348,592
70$3,783,969$838,560$429,906$2,495,405
71$4,100,179$809,895$374,553$2,656,086
72$4,446,445$777,628$315,149$2,832,088
73$4,825,764$741,513$251,488$3,025,015
74$5,241,436$701,291$183,357$3,236,639
75$5,697,095$656,686$110,531$3,468,917
76$6,196,743$607,409$32,779$3,724,012
77$6,744,789$553,150$0$4,004,311
78$7,346,090$493,587$0$4,324,772
79$8,005,994$428,375$0$4,685,371
80$8,730,391$357,151$0$5,081,338
81$9,525,772$279,533$0$5,516,289
82$10,399,286$195,115$0$5,994,215
83$11,358,808$103,470$0$6,519,517
84$12,413,013$4,147$0$7,097,046
85$13,571,458$0$0$7,732,153
86$14,844,673$0$0$8,459,167
87$16,244,257$0$0$9,259,691
88$17,782,990$0$0$10,139,905
89$19,474,950$0$0$11,107,877
90$21,335,651$0$0$12,172,493
91$23,382,182$0$0$13,343,546
92$25,633,373$0$0$14,631,825
93$28,109,972$0$0$16,049,215
94$30,834,836$0$0$17,608,815
95$33,833,152$0$0$19,325,056
96$37,132,672$0$0$21,213,838
97$40,763,971$0$0$23,292,681
98$44,760,742$0$0$25,580,889
99$49,160,106$0$0$28,099,733
100$54,002,970$0$0$30,872,652