Can I retire at age 51 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$68,871$68,257$67,659$67,075$66,504$64,479
2 years$34,095$33,460$32,844$32,247$31,669$29,645
3 years$22,504$21,866$21,252$20,661$20,092$18,134
4 years$16,710$16,074$15,466$14,885$14,330$12,453
5 years$13,234$12,602$12,002$11,433$10,893$9,102
6 years$10,918$10,291$9,700$9,143$8,619$6,916
7 years$9,264$8,642$8,061$7,517$7,010$5,393
8 years$8,024$7,408$6,836$6,306$5,815$4,285
9 years$7,060$6,450$5,888$5,371$4,897$3,452
10 years$6,290$5,685$5,133$4,630$4,173$2,810
11 years$5,660$5,061$4,519$4,030$3,589$2,306
12 years$5,135$4,543$4,011$3,535$3,110$1,904
13 years$4,691$4,105$3,583$3,120$2,712$1,581
14 years$4,311$3,732$3,220$2,770$2,377$1,318
15 years$3,982$3,409$2,907$2,470$2,093$1,102
16 years$3,695$3,128$2,635$2,212$1,850$925
17 years$3,441$2,880$2,398$1,987$1,640$778
18 years$3,216$2,662$2,189$1,791$1,458$655
19 years$3,015$2,467$2,004$1,618$1,300$553
20 years$2,835$2,292$1,839$1,466$1,161$467
21 years$2,671$2,135$1,692$1,330$1,039$395
22 years$2,523$1,993$1,559$1,209$931$334
23 years$2,388$1,864$1,440$1,102$836$283
24 years$2,264$1,746$1,331$1,005$751$240
25 years$2,150$1,639$1,233$918$676$204
26 years$2,045$1,540$1,144$839$609$173
27 years$1,949$1,450$1,062$768$549$147
28 years$1,859$1,366$987$704$496$125
29 years$1,775$1,289$919$645$447$106
30 years$1,698$1,217$856$592$404$90
31 years$1,625$1,151$798$544$366$77
32 years$1,557$1,089$744$500$331$65
33 years$1,494$1,031$695$460$299$55
34 years$1,434$977$649$423$271$47
35 years$1,378$927$607$389$245$40
36 years$1,325$880$568$358$222$34
37 years$1,275$835$532$330$202$29
38 years$1,227$794$498$304$183$25
39 years$1,183$755$466$281$166$21
40 years$1,140$718$437$259$150$18
41 years$1,100$684$410$239$136$15
42 years$1,062$651$385$220$124$13
43 years$1,025$620$361$204$112$11
44 years$991$591$339$188$102$9
45 years$958$564$318$174$93$8
46 years$927$538$299$160$84$7
47 years$897$513$281$148$76$6
48 years$868$490$264$137$69$5
49 years$840$468$248$126$63$4
50 years$814$447$233$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $834,000, adding $6,988 every year, while hoping to spend $48,622 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: 82/12/6 Blend
50$834,000$834,000$834,000$834,000
51$926,276$882,074$869,147$1,001,292
52$969,023$873,562$846,530$1,042,840
53$1,014,500$863,004$821,526$1,081,205
54$1,062,935$850,247$794,003$1,121,814
55$1,114,577$835,131$763,824$1,164,864
56$1,169,697$817,486$730,846$1,210,571
57$1,228,595$797,132$694,918$1,259,172
58$1,291,598$773,877$655,884$1,310,930
59$1,359,064$747,520$613,579$1,366,133
60$1,431,386$717,847$567,832$1,425,100
61$1,508,997$684,631$518,464$1,488,182
62$1,592,371$647,634$465,288$1,555,763
63$1,682,026$606,601$408,108$1,628,272
64$1,778,533$561,265$346,721$1,706,176
65$1,882,521$511,344$280,913$1,789,995
66$1,994,676$456,538$210,462$1,880,298
67$2,115,755$396,531$135,134$1,977,716
68$2,246,589$330,988$54,689$2,082,941
69$2,388,092$259,557$0$2,196,741
70$2,541,267$181,865$0$2,321,953
71$2,707,218$97,519$0$2,461,379
72$2,887,159$6,101$0$2,612,560
73$3,082,423$0$0$2,776,645
74$3,294,479$0$0$2,967,160
75$3,524,940$0$0$3,175,103
76$3,775,583$0$0$3,401,274
77$4,048,360$0$0$3,647,436
78$4,345,423$0$0$3,915,533
79$4,669,136$0$0$4,207,701
80$5,022,103$0$0$4,526,294
81$5,407,189$0$0$4,873,899
82$5,827,549$0$0$5,253,366
83$6,286,652$0$0$5,667,832
84$6,788,323$0$0$6,120,751
85$7,336,767$0$0$6,615,924
86$7,936,617$0$0$7,157,536
87$8,592,975$0$0$7,750,196
88$9,311,456$0$0$8,398,979
89$10,098,245$0$0$9,109,474
90$10,960,153$0$0$9,887,833
91$11,904,680$0$0$10,740,835
92$12,940,086$0$0$11,675,943
93$14,075,469$0$0$12,701,378
94$15,320,849$0$0$13,826,193
95$16,687,263$0$0$15,060,362
96$18,186,867$0$0$16,414,868
97$19,833,053$0$0$17,901,812
98$21,640,569$0$0$19,534,523
99$23,625,666$0$0$21,327,681
100$25,806,242$0$0$23,297,462