Can I retire at age 51 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$74,073$73,414$72,770$72,142$71,528$70,781
2 years$36,670$35,987$35,325$34,683$34,061$33,309
3 years$24,204$23,518$22,858$22,222$21,610$20,876
4 years$17,972$17,288$16,635$16,010$15,412$14,702
5 years$14,234$13,554$12,909$12,297$11,716$11,032
6 years$11,743$11,068$10,432$9,834$9,271$8,613
7 years$9,964$9,295$8,669$8,085$7,539$6,908
8 years$8,630$7,967$7,352$6,782$6,255$5,651
9 years$7,594$6,937$6,333$5,777$5,267$4,690
10 years$6,765$6,115$5,521$4,980$4,488$3,937
11 years$6,087$5,444$4,861$4,334$3,860$3,335
12 years$5,523$4,886$4,314$3,802$3,345$2,845
13 years$5,046$4,415$3,854$3,356$2,917$2,442
14 years$4,637$4,013$3,463$2,979$2,557$2,106
15 years$4,283$3,666$3,126$2,657$2,251$1,824
16 years$3,974$3,364$2,835$2,379$1,990$1,585
17 years$3,701$3,098$2,579$2,138$1,764$1,381
18 years$3,459$2,863$2,355$1,926$1,569$1,207
19 years$3,243$2,653$2,156$1,741$1,398$1,057
20 years$3,049$2,465$1,978$1,576$1,249$927
21 years$2,873$2,296$1,820$1,431$1,118$814
22 years$2,713$2,144$1,677$1,301$1,002$717
23 years$2,568$2,005$1,548$1,185$899$631
24 years$2,435$1,878$1,432$1,081$808$557
25 years$2,313$1,763$1,326$987$727$491
26 years$2,200$1,657$1,230$902$655$434
27 years$2,096$1,559$1,142$826$591$384
28 years$1,999$1,469$1,062$757$533$340
29 years$1,909$1,386$988$694$481$301
30 years$1,826$1,309$920$637$435$266
31 years$1,748$1,237$858$585$393$236
32 years$1,675$1,171$801$538$356$209
33 years$1,606$1,109$748$494$322$185
34 years$1,542$1,051$698$455$291$164
35 years$1,482$997$653$419$264$146
36 years$1,425$946$611$386$239$129
37 years$1,371$899$572$355$217$115
38 years$1,320$854$535$327$196$102
39 years$1,272$812$502$302$178$90
40 years$1,226$773$470$278$162$80
41 years$1,183$735$441$257$147$71
42 years$1,142$700$414$237$133$63
43 years$1,103$667$388$219$121$56
44 years$1,066$636$364$202$110$50
45 years$1,030$607$342$187$99$44
46 years$997$579$321$172$90$39
47 years$964$552$302$159$82$35
48 years$933$527$284$147$74$31
49 years$904$503$267$136$68$28
50 years$876$481$251$126$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $897,000, adding $3,313 every year, while hoping to spend $30,557 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: 65/8/27 Blend
50$897,000$897,000$897,000$897,000
51$991,911$944,370$930,467$1,049,129
52$1,060,574$958,132$929,125$1,101,940
53$1,135,216$971,544$926,714$1,155,940
54$1,216,415$984,557$923,166$1,214,289
55$1,304,807$997,117$918,410$1,277,417
56$1,401,090$1,009,169$912,370$1,345,800
57$1,506,035$1,020,653$904,968$1,419,963
58$1,620,489$1,031,503$896,123$1,500,483
59$1,745,383$1,041,651$885,747$1,587,999
60$1,881,744$1,051,024$873,752$1,683,214
61$2,030,702$1,059,543$860,042$1,786,906
62$2,193,499$1,067,126$844,519$1,899,929
63$2,371,505$1,073,685$827,079$2,023,230
64$2,566,227$1,079,124$807,615$2,157,848
65$2,779,325$1,083,343$786,012$2,304,934
66$3,012,625$1,086,237$762,153$2,465,754
67$3,268,142$1,087,691$735,914$2,641,706
68$3,548,091$1,087,586$707,166$2,834,332
69$3,854,912$1,085,794$675,772$3,045,330
70$4,191,294$1,082,179$641,591$3,276,577
71$4,560,197$1,076,596$604,475$3,530,138
72$4,964,881$1,068,894$564,270$3,808,295
73$5,408,940$1,058,911$520,813$4,113,561
74$5,896,328$1,046,473$473,937$4,448,708
75$6,431,403$1,031,400$423,463$4,816,794
76$7,018,966$1,013,499$369,209$5,221,189
77$7,664,305$992,564$310,982$5,665,611
78$8,373,244$968,380$248,580$6,154,158
79$9,152,201$940,717$181,794$6,691,349
80$10,008,246$909,333$110,404$7,282,167
81$10,949,167$873,970$34,182$7,932,105
82$11,983,544$834,357$0$8,647,221
83$13,120,831$790,206$0$9,447,777
84$14,371,443$741,213$0$10,338,944
85$15,746,854$687,056$0$11,319,054
86$17,259,707$627,396$0$12,397,135
87$18,923,931$561,872$0$13,583,132
88$20,754,874$490,106$0$14,888,008
89$22,769,445$411,695$0$16,323,840
90$24,986,276$326,215$0$17,903,938
91$27,425,895$233,219$0$19,642,969
92$30,110,923$132,233$0$21,557,093
93$33,066,283$22,758$0$23,664,123
94$36,319,437$0$0$25,983,683
95$39,900,645$0$0$28,545,830
96$43,843,249$0$0$31,368,815
97$48,183,991$0$0$34,476,951
98$52,963,353$0$0$37,899,236
99$58,225,945$0$0$41,667,620
100$64,020,922$0$0$45,817,314