Can I retire at age 51 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$68,954$68,339$67,740$67,155$66,584$65,400
2 years$34,135$33,500$32,884$32,286$31,707$30,518
3 years$22,531$21,892$21,278$20,686$20,116$18,960
4 years$16,730$16,093$15,485$14,903$14,347$13,232
5 years$13,250$12,617$12,017$11,447$10,906$9,835
6 years$10,931$10,303$9,711$9,154$8,630$7,604
7 years$9,275$8,652$8,070$7,526$7,018$6,039
8 years$8,034$7,417$6,844$6,314$5,822$4,888
9 years$7,069$6,458$5,895$5,378$4,903$4,014
10 years$6,297$5,692$5,139$4,636$4,178$3,333
11 years$5,666$5,067$4,525$4,034$3,593$2,792
12 years$5,141$4,548$4,015$3,539$3,114$2,354
13 years$4,697$4,110$3,588$3,124$2,715$1,997
14 years$4,317$3,736$3,223$2,773$2,380$1,702
15 years$3,987$3,413$2,910$2,473$2,096$1,456
16 years$3,699$3,131$2,639$2,215$1,852$1,249
17 years$3,446$2,884$2,401$1,990$1,642$1,075
18 years$3,220$2,665$2,192$1,793$1,460$927
19 years$3,019$2,470$2,007$1,620$1,302$801
20 years$2,838$2,295$1,841$1,467$1,163$694
21 years$2,674$2,138$1,694$1,332$1,040$601
22 years$2,526$1,995$1,561$1,211$933$522
23 years$2,390$1,866$1,441$1,103$837$453
24 years$2,267$1,749$1,333$1,006$752$394
25 years$2,153$1,641$1,235$919$677$343
26 years$2,048$1,542$1,145$840$610$299
27 years$1,951$1,451$1,063$769$550$260
28 years$1,861$1,368$989$704$496$227
29 years$1,778$1,290$920$646$448$198
30 years$1,700$1,218$857$593$405$173
31 years$1,627$1,152$799$544$366$151
32 years$1,559$1,090$745$500$331$132
33 years$1,495$1,032$696$460$300$115
34 years$1,436$978$650$423$271$100
35 years$1,379$928$608$390$246$88
36 years$1,326$881$569$359$223$77
37 years$1,276$836$532$331$202$67
38 years$1,229$795$498$305$183$59
39 years$1,184$756$467$281$166$51
40 years$1,142$719$438$259$150$45
41 years$1,101$685$410$239$136$39
42 years$1,063$652$385$221$124$34
43 years$1,027$621$361$204$112$30
44 years$992$592$339$188$102$26
45 years$959$565$318$174$93$23
46 years$928$539$299$160$84$20
47 years$898$514$281$148$76$18
48 years$869$491$264$137$69$15
49 years$842$469$248$127$63$13
50 years$815$448$233$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $835,000, adding $3,015 every year, while hoping to spend $31,117 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: 65/16/19 Blend
50$835,000$835,000$835,000$835,000
51$923,280$879,025$866,082$978,699
52$984,346$888,989$861,988$1,026,225
53$1,050,598$898,398$856,713$1,074,309
54$1,122,533$907,193$850,186$1,126,116
55$1,200,694$915,309$842,331$1,182,012
56$1,285,684$922,678$833,068$1,242,400
57$1,378,162$929,227$822,314$1,307,725
58$1,478,855$934,880$809,982$1,378,476
59$1,588,562$939,553$795,980$1,455,196
60$1,708,164$943,159$780,214$1,538,480
61$1,838,628$945,606$762,583$1,628,988
62$1,981,021$946,793$742,982$1,727,446
63$2,136,516$946,617$721,303$1,834,655
64$2,306,405$944,965$697,431$1,951,499
65$2,492,109$941,720$671,246$2,078,954
66$2,695,194$936,754$642,623$2,218,096
67$2,917,384$929,935$611,430$2,370,110
68$3,160,577$921,121$577,533$2,536,307
69$3,426,862$910,163$540,787$2,718,130
70$3,718,542$896,900$501,042$2,917,172
71$4,038,150$881,165$458,144$3,135,190
72$4,388,478$862,779$411,929$3,374,120
73$4,772,600$841,553$362,226$3,636,100
74$5,193,903$817,286$308,858$3,923,488
75$5,656,115$789,767$251,639$4,238,882
76$6,163,344$758,771$190,374$4,585,149
77$6,720,115$724,061$124,862$4,965,451
78$7,331,413$685,386$54,891$5,383,275
79$8,002,727$642,480$0$5,842,465
80$8,740,105$595,062$0$6,351,271
81$9,550,211$542,835$0$6,922,496
82$10,440,384$485,485$0$7,550,205
83$11,418,711$422,681$0$8,240,132
84$12,494,098$354,072$0$8,998,601
85$13,676,362$279,287$0$9,832,579
86$14,976,315$197,936$0$10,749,745
87$16,405,869$109,604$0$11,758,562
88$17,978,149$13,857$0$12,868,359
89$19,707,617$0$0$14,089,415
90$21,610,206$0$0$15,448,867
91$23,703,469$0$0$16,947,310
92$26,006,749$0$0$18,596,158
93$28,541,358$0$0$20,410,675
94$31,330,777$0$0$22,407,681
95$34,400,881$0$0$24,605,708
96$37,780,177$0$0$27,025,175
97$41,500,080$0$0$29,688,583
98$45,595,202$0$0$32,620,725
99$50,103,683$0$0$35,848,917
100$55,067,549$0$0$39,403,263