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%19%
1 years$68,871$68,257$67,659$67,075$66,504$64,094
2 years$34,095$33,460$32,844$32,247$31,669$29,267
3 years$22,504$21,866$21,252$20,661$20,092$17,774
4 years$16,710$16,074$15,466$14,885$14,330$12,113
5 years$13,234$12,602$12,002$11,433$10,893$8,784
6 years$10,918$10,291$9,700$9,143$8,619$6,619
7 years$9,264$8,642$8,061$7,517$7,010$5,118
8 years$8,024$7,408$6,836$6,306$5,815$4,031
9 years$7,060$6,450$5,888$5,371$4,897$3,217
10 years$6,290$5,685$5,133$4,630$4,173$2,594
11 years$5,660$5,061$4,519$4,030$3,589$2,108
12 years$5,135$4,543$4,011$3,535$3,110$1,724
13 years$4,691$4,105$3,583$3,120$2,712$1,417
14 years$4,311$3,732$3,220$2,770$2,377$1,169
15 years$3,982$3,409$2,907$2,470$2,093$967
16 years$3,695$3,128$2,635$2,212$1,850$803
17 years$3,441$2,880$2,398$1,987$1,640$667
18 years$3,216$2,662$2,189$1,791$1,458$556
19 years$3,015$2,467$2,004$1,618$1,300$464
20 years$2,835$2,292$1,839$1,466$1,161$387
21 years$2,671$2,135$1,692$1,330$1,039$324
22 years$2,523$1,993$1,559$1,209$931$271
23 years$2,388$1,864$1,440$1,102$836$227
24 years$2,264$1,746$1,331$1,005$751$190
25 years$2,150$1,639$1,233$918$676$159
26 years$2,045$1,540$1,144$839$609$134
27 years$1,949$1,450$1,062$768$549$112
28 years$1,859$1,366$987$704$496$94
29 years$1,775$1,289$919$645$447$79
30 years$1,698$1,217$856$592$404$66
31 years$1,625$1,151$798$544$366$56
32 years$1,557$1,089$744$500$331$47
33 years$1,494$1,031$695$460$299$39
34 years$1,434$977$649$423$271$33
35 years$1,378$927$607$389$245$28
36 years$1,325$880$568$358$222$23
37 years$1,275$835$532$330$202$20
38 years$1,227$794$498$304$183$16
39 years$1,183$755$466$281$166$14
40 years$1,140$718$437$259$150$12
41 years$1,100$684$410$239$136$10
42 years$1,062$651$385$220$124$8
43 years$1,025$620$361$204$112$7
44 years$991$591$339$188$102$6
45 years$958$564$318$174$93$5
46 years$927$538$299$160$84$4
47 years$897$513$281$148$76$3
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$2
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $834,000, adding $2,325 every year, while hoping to spend $26,811 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: 24/47/29 Blend
50$834,000$834,000$834,000$834,000
51$921,466$877,264$864,337$935,145
52$986,929$891,723$864,766$961,485
53$1,058,171$905,993$864,310$987,277
54$1,135,752$920,034$862,912$1,014,353
55$1,220,290$933,808$860,512$1,042,837
56$1,312,465$947,270$857,044$1,072,870
57$1,413,025$960,374$852,444$1,104,606
58$1,522,792$973,071$846,639$1,138,218
59$1,642,674$985,308$839,558$1,173,897
60$1,773,667$997,028$831,124$1,211,857
61$1,916,869$1,008,171$821,255$1,252,333
62$2,073,490$1,018,672$809,867$1,295,588
63$2,244,861$1,028,462$796,873$1,341,915
64$2,432,449$1,037,468$782,179$1,391,636
65$2,637,866$1,045,612$765,690$1,445,113
66$2,862,891$1,052,809$747,303$1,502,742
67$3,109,481$1,058,973$726,913$1,564,967
68$3,379,793$1,064,007$704,410$1,632,278
69$3,676,201$1,067,812$679,676$1,705,220
70$4,001,319$1,070,281$652,592$1,784,394
71$4,358,030$1,071,301$623,029$1,870,469
72$4,749,505$1,070,750$590,857$1,964,185
73$5,179,239$1,068,502$555,936$2,066,362
74$5,651,083$1,064,420$518,121$2,177,908
75$6,169,278$1,058,361$477,262$2,299,828
76$6,738,494$1,050,171$433,200$2,433,235
77$7,363,879$1,039,687$385,771$2,579,362
78$8,051,102$1,026,739$334,801$2,739,570
79$8,806,409$1,011,144$280,112$2,915,369
80$9,636,681$992,709$221,514$3,108,426
81$10,549,500$971,229$158,812$3,320,588
82$11,553,217$946,487$91,801$3,553,895
83$12,657,035$918,255$20,266$3,810,604
84$13,871,092$886,289$0$4,093,209
85$15,206,559$850,333$0$4,421,820
86$16,675,743$810,114$0$4,789,955
87$18,292,204$765,345$0$5,194,778
88$20,070,884$715,722$0$5,640,093
89$22,028,244$660,922$0$6,130,092
90$24,182,425$600,607$0$6,669,406
91$26,553,411$534,416$0$7,263,142
92$29,163,227$461,970$0$7,916,938
93$32,036,136$382,867$0$8,637,011
94$35,198,878$296,683$0$9,430,225
95$38,680,913$202,970$0$10,304,149
96$42,514,706$101,256$0$11,267,135
97$46,736,029$0$0$12,328,398
98$51,384,299$0$0$13,502,736
99$56,502,949$0$0$14,853,764
100$62,139,842$0$0$16,341,770