Can I retire at age 51 with 835,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$68,954$68,339$67,740$67,155$66,584$66,054
2 years$34,135$33,500$32,884$32,286$31,707$31,172
3 years$22,531$21,892$21,278$20,686$20,116$19,594
4 years$16,730$16,093$15,485$14,903$14,347$13,841
5 years$13,250$12,617$12,017$11,447$10,906$10,418
6 years$10,931$10,303$9,711$9,154$8,630$8,160
7 years$9,275$8,652$8,070$7,526$7,018$6,567
8 years$8,034$7,417$6,844$6,314$5,822$5,390
9 years$7,069$6,458$5,895$5,378$4,903$4,489
10 years$6,297$5,692$5,139$4,636$4,178$3,782
11 years$5,666$5,067$4,525$4,034$3,593$3,215
12 years$5,141$4,548$4,015$3,539$3,114$2,754
13 years$4,697$4,110$3,588$3,124$2,715$2,373
14 years$4,317$3,736$3,223$2,773$2,380$2,054
15 years$3,987$3,413$2,910$2,473$2,096$1,786
16 years$3,699$3,131$2,639$2,215$1,852$1,559
17 years$3,446$2,884$2,401$1,990$1,642$1,364
18 years$3,220$2,665$2,192$1,793$1,460$1,197
19 years$3,019$2,470$2,007$1,620$1,302$1,053
20 years$2,838$2,295$1,841$1,467$1,163$927
21 years$2,674$2,138$1,694$1,332$1,040$819
22 years$2,526$1,995$1,561$1,211$933$723
23 years$2,390$1,866$1,441$1,103$837$640
24 years$2,267$1,749$1,333$1,006$752$567
25 years$2,153$1,641$1,235$919$677$503
26 years$2,048$1,542$1,145$840$610$447
27 years$1,951$1,451$1,063$769$550$397
28 years$1,861$1,368$989$704$496$353
29 years$1,778$1,290$920$646$448$314
30 years$1,700$1,218$857$593$405$279
31 years$1,627$1,152$799$544$366$248
32 years$1,559$1,090$745$500$331$221
33 years$1,495$1,032$696$460$300$197
34 years$1,436$978$650$423$271$176
35 years$1,379$928$608$390$246$157
36 years$1,326$881$569$359$223$140
37 years$1,276$836$532$331$202$125
38 years$1,229$795$498$305$183$111
39 years$1,184$756$467$281$166$99
40 years$1,142$719$438$259$150$89
41 years$1,101$685$410$239$136$79
42 years$1,063$652$385$221$124$71
43 years$1,027$621$361$204$112$63
44 years$992$592$339$188$102$56
45 years$959$565$318$174$93$50
46 years$928$539$299$160$84$45
47 years$898$514$281$148$76$40
48 years$869$491$264$137$69$36
49 years$842$469$248$127$63$32
50 years$815$448$233$117$57$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $835,000, adding $2,244 every year, while hoping to spend $53,292 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: 37/33/30 Blend
50$835,000$835,000$835,000$835,000
51$922,485$878,230$865,287$948,285
52$959,876$864,561$837,572$953,981
53$999,295$848,436$807,142$955,151
54$1,040,892$829,678$773,851$955,414
55$1,084,832$808,101$737,544$954,725
56$1,131,293$783,507$698,060$953,039
57$1,180,472$755,685$655,231$950,311
58$1,232,580$724,414$608,882$946,495
59$1,287,853$689,460$558,829$941,551
60$1,346,544$650,574$504,880$935,435
61$1,408,933$607,493$446,835$928,110
62$1,475,324$559,940$384,483$919,537
63$1,546,051$507,621$317,608$909,686
64$1,621,480$450,227$245,980$898,525
65$1,702,012$387,428$169,360$886,032
66$1,788,084$318,880$87,501$872,188
67$1,880,179$244,215$143$856,983
68$1,978,823$163,047$0$840,414
69$2,084,595$74,969$0$852,284
70$2,198,130$0$0$864,800
71$2,320,124$0$0$885,469
72$2,451,342$0$0$937,065
73$2,592,622$0$0$992,704
74$2,744,888$0$0$1,052,760
75$2,909,151$0$0$1,117,643
76$3,086,523$0$0$1,187,806
77$3,278,228$0$0$1,263,745
78$3,485,608$0$0$1,346,005
79$3,710,140$0$0$1,435,187
80$3,953,448$0$0$1,531,949
81$4,217,318$0$0$1,637,018
82$4,503,711$0$0$1,751,192
83$4,814,788$0$0$1,875,348
84$5,152,923$0$0$2,010,453
85$5,520,729$0$0$2,157,568
86$5,921,081$0$0$2,317,864
87$6,357,141$0$0$2,492,626
88$6,832,392$0$0$2,683,273
89$7,350,662$0$0$2,891,362
90$7,916,170$0$0$3,118,609
91$8,533,555$0$0$3,366,904
92$9,207,926$0$0$3,638,326
93$9,944,908$0$0$3,935,166
94$10,750,691$0$0$4,259,943
95$11,632,094$0$0$4,615,435
96$12,596,622$0$0$5,004,697
97$13,652,540$0$0$5,431,096
98$14,808,951$0$0$5,898,340
99$16,075,876$0$0$6,410,511
100$17,464,356$0$0$6,972,105