Can I retire at age 51 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$73,991$73,332$72,689$72,061$71,448$70,909
2 years$36,629$35,947$35,286$34,645$34,023$33,479
3 years$24,177$23,492$22,832$22,197$21,586$21,054
4 years$17,952$17,269$16,616$15,992$15,395$14,880
5 years$14,218$13,539$12,895$12,283$11,703$11,206
6 years$11,729$11,056$10,421$9,823$9,260$8,782
7 years$9,953$9,285$8,660$8,076$7,531$7,072
8 years$8,621$7,959$7,344$6,775$6,248$5,807
9 years$7,585$6,929$6,326$5,771$5,261$4,840
10 years$6,757$6,108$5,515$4,974$4,483$4,080
11 years$6,080$5,437$4,855$4,329$3,856$3,471
12 years$5,517$4,880$4,309$3,797$3,341$2,974
13 years$5,040$4,410$3,850$3,352$2,914$2,564
14 years$4,632$4,009$3,459$2,976$2,554$2,222
15 years$4,279$3,662$3,123$2,654$2,249$1,933
16 years$3,970$3,360$2,831$2,376$1,987$1,688
17 years$3,697$3,094$2,576$2,135$1,762$1,478
18 years$3,456$2,859$2,352$1,924$1,567$1,298
19 years$3,239$2,650$2,153$1,739$1,397$1,142
20 years$3,045$2,463$1,976$1,575$1,247$1,007
21 years$2,870$2,294$1,818$1,429$1,116$890
22 years$2,710$2,141$1,675$1,299$1,001$787
23 years$2,565$2,003$1,547$1,183$898$697
24 years$2,432$1,876$1,430$1,079$807$618
25 years$2,310$1,761$1,325$986$726$548
26 years$2,197$1,655$1,229$901$654$487
27 years$2,093$1,557$1,141$825$590$433
28 years$1,997$1,468$1,061$756$532$385
29 years$1,907$1,384$987$693$481$343
30 years$1,824$1,308$919$636$434$305
31 years$1,746$1,236$857$584$393$272
32 years$1,673$1,170$800$537$355$243
33 years$1,605$1,108$747$494$321$216
34 years$1,540$1,050$698$454$291$193
35 years$1,480$996$652$418$264$172
36 years$1,423$945$610$385$239$154
37 years$1,369$898$571$355$216$137
38 years$1,319$853$535$327$196$122
39 years$1,271$811$501$302$178$109
40 years$1,225$772$470$278$161$98
41 years$1,182$735$440$257$146$87
42 years$1,141$700$413$237$133$78
43 years$1,102$667$388$219$121$70
44 years$1,065$635$364$202$109$62
45 years$1,029$606$342$186$99$56
46 years$995$578$321$172$90$50
47 years$963$552$301$159$82$44
48 years$932$527$283$147$74$40
49 years$903$503$266$136$68$36
50 years$875$480$250$126$61$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $896,000, adding $5,520 every year, while hoping to spend $26,972 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: 52/33/15 Blend
50$896,000$896,000$896,000$896,000
51$993,086$945,598$931,710$1,040,431
52$1,065,683$963,234$934,224$1,091,080
53$1,144,780$980,831$935,919$1,142,827
54$1,231,013$998,357$936,738$1,198,506
55$1,325,081$1,015,780$936,622$1,258,495
56$1,427,750$1,033,065$935,510$1,323,213
57$1,539,869$1,050,173$933,338$1,393,124
58$1,662,368$1,067,064$930,038$1,468,734
59$1,796,274$1,083,694$925,538$1,550,607
60$1,942,714$1,100,016$919,764$1,639,362
61$2,102,933$1,115,979$912,638$1,735,681
62$2,278,299$1,131,528$904,078$1,840,317
63$2,470,320$1,146,608$893,999$1,954,102
64$2,680,655$1,161,154$882,310$2,077,950
65$2,911,133$1,175,102$868,919$2,212,873
66$3,163,767$1,188,380$853,726$2,359,984
67$3,440,773$1,200,913$836,629$2,520,512
68$3,744,596$1,212,621$817,519$2,695,811
69$4,077,923$1,223,418$796,284$2,887,377
70$4,443,718$1,233,213$772,807$3,096,857
71$4,845,244$1,241,907$746,963$3,326,068
72$5,286,097$1,249,398$718,624$3,577,015
73$5,770,235$1,255,575$687,654$3,851,908
74$6,302,022$1,260,321$653,913$4,153,184
75$6,886,262$1,263,511$617,253$4,483,531
76$7,528,250$1,265,012$577,521$4,845,913
77$8,233,818$1,264,685$534,554$5,243,598
78$9,009,391$1,262,378$488,185$5,680,191
79$9,862,048$1,257,933$438,238$6,159,667
80$10,799,587$1,251,182$384,530$6,686,406
81$11,830,602$1,241,946$326,868$7,265,242
82$12,964,557$1,230,036$265,052$7,901,503
83$14,211,884$1,215,249$198,873$8,601,063
84$15,584,073$1,197,374$128,113$9,370,400
85$17,093,787$1,176,184$52,543$10,216,657
86$18,754,977$1,151,440$0$11,147,709
87$20,583,013$1,122,889$0$12,176,735
88$22,594,832$1,090,262$0$13,318,077
89$24,809,095$1,053,275$0$14,573,912
90$27,246,365$1,011,629$0$15,955,919
91$29,929,300$965,004$0$17,476,970
92$32,882,864$913,064$0$19,151,255
93$36,134,565$855,454$0$20,994,415
94$39,714,716$791,796$0$23,023,688
95$43,656,717$721,694$0$25,258,076
96$47,997,372$644,726$0$27,718,524
97$52,777,235$560,449$0$30,428,116
98$58,040,994$468,392$0$33,412,298
99$63,837,891$368,060$0$36,699,116
100$70,222,189$258,928$0$40,319,482