Can I retire at age 51 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$74,239$73,577$72,932$72,302$71,688$70,762
2 years$36,752$36,067$35,404$34,761$34,137$33,206
3 years$24,258$23,570$22,909$22,272$21,658$20,750
4 years$18,012$17,327$16,672$16,045$15,447$14,569
5 years$14,266$13,584$12,938$12,324$11,742$10,898
6 years$11,769$11,093$10,456$9,856$9,291$8,481
7 years$9,986$9,316$8,689$8,103$7,556$6,780
8 years$8,650$7,985$7,369$6,797$6,269$5,527
9 years$7,611$6,953$6,347$5,790$5,279$4,571
10 years$6,780$6,128$5,533$4,991$4,498$3,823
11 years$6,101$5,456$4,871$4,344$3,868$3,226
12 years$5,535$4,897$4,323$3,810$3,352$2,742
13 years$5,057$4,425$3,862$3,364$2,923$2,344
14 years$4,647$4,022$3,470$2,986$2,563$2,014
15 years$4,293$3,675$3,133$2,663$2,256$1,737
16 years$3,983$3,371$2,841$2,384$1,994$1,503
17 years$3,710$3,105$2,585$2,142$1,768$1,304
18 years$3,467$2,869$2,360$1,931$1,572$1,135
19 years$3,250$2,659$2,160$1,744$1,401$989
20 years$3,055$2,471$1,983$1,580$1,252$864
21 years$2,879$2,302$1,824$1,434$1,120$756
22 years$2,719$2,148$1,681$1,304$1,004$662
23 years$2,574$2,009$1,552$1,187$901$581
24 years$2,440$1,883$1,435$1,083$810$510
25 years$2,318$1,767$1,329$989$729$448
26 years$2,205$1,660$1,233$904$657$394
27 years$2,100$1,563$1,145$828$592$346
28 years$2,004$1,473$1,064$758$534$305
29 years$1,914$1,389$990$695$482$269
30 years$1,830$1,312$923$638$436$237
31 years$1,752$1,240$860$586$394$209
32 years$1,679$1,173$802$539$356$184
33 years$1,610$1,111$749$495$323$162
34 years$1,546$1,053$700$456$292$143
35 years$1,485$999$654$420$265$126
36 years$1,428$948$612$386$240$112
37 years$1,374$901$573$356$217$99
38 years$1,323$856$537$328$197$87
39 years$1,275$814$503$303$179$77
40 years$1,229$774$471$279$162$68
41 years$1,186$737$442$258$147$60
42 years$1,145$702$415$238$133$53
43 years$1,105$669$389$219$121$47
44 years$1,068$638$365$203$110$41
45 years$1,033$608$343$187$100$37
46 years$999$580$322$173$91$32
47 years$966$553$302$160$82$29
48 years$936$528$284$148$75$25
49 years$906$505$267$136$68$22
50 years$878$482$251$126$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $899,000, adding $2,852 every year, while hoping to spend $50,797 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: 68/19/13 Blend
50$899,000$899,000$899,000$899,000
51$993,640$945,993$932,058$1,058,122
52$1,040,943$938,299$909,235$1,093,701
53$1,091,370$928,525$883,944$1,126,284
54$1,145,183$916,517$856,050$1,160,614
55$1,202,674$902,109$825,410$1,196,858
56$1,264,161$885,126$791,875$1,235,198
57$1,329,991$865,383$755,289$1,275,839
58$1,400,549$842,685$715,490$1,319,006
59$1,476,253$816,825$672,306$1,364,949
60$1,557,563$787,581$625,561$1,413,946
61$1,644,985$754,723$575,067$1,466,305
62$1,739,073$718,005$520,632$1,522,365
63$1,840,436$677,165$462,051$1,582,506
64$1,949,744$631,930$399,114$1,647,144
65$2,067,732$582,008$331,597$1,716,743
66$2,195,206$527,091$259,271$1,791,816
67$2,333,054$466,856$181,894$1,872,930
68$2,482,252$400,958$99,214$1,960,716
69$2,643,872$329,035$10,968$2,055,868
70$2,819,092$250,704$0$2,159,157
71$3,009,209$165,558$0$2,282,978
72$3,215,650$73,172$0$2,419,105
73$3,439,982$0$0$2,567,101
74$3,683,930$0$0$2,733,789
75$3,949,392$0$0$2,931,871
76$4,238,458$0$0$3,147,615
77$4,553,424$0$0$3,382,739
78$4,896,820$0$0$3,639,140
79$5,271,429$0$0$3,918,901
80$5,680,315$0$0$4,224,318
81$6,126,850$0$0$4,557,917
82$6,614,747$0$0$4,922,478
83$7,148,092$0$0$5,321,064
84$7,731,386$0$0$5,757,045
85$8,369,583$0$0$6,234,133
86$9,068,138$0$0$6,756,415
87$9,833,059$0$0$7,328,391
88$10,670,960$0$0$7,955,018
89$11,589,128$0$0$8,641,753
90$12,595,586$0$0$9,394,607
91$13,699,169$0$0$10,220,202
92$14,909,612$0$0$11,125,829
93$16,237,633$0$0$12,119,520
94$17,695,041$0$0$13,210,121
95$19,294,841$0$0$14,407,377
96$21,051,360$0$0$15,722,023
97$22,980,380$0$0$17,165,883
98$25,099,286$0$0$18,751,984
99$27,427,230$0$0$20,494,675
100$29,985,311$0$0$22,409,765