Can I retire at age 51 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$69,119$68,503$67,902$67,316$66,744$65,343
2 years$34,217$33,580$32,962$32,363$31,783$30,378
3 years$22,585$21,945$21,329$20,736$20,164$18,799
4 years$16,770$16,132$15,522$14,939$14,381$13,067
5 years$13,282$12,648$12,046$11,474$10,932$9,672
6 years$10,957$10,328$9,735$9,176$8,650$7,446
7 years$9,297$8,673$8,090$7,544$7,035$5,886
8 years$8,053$7,434$6,861$6,329$5,836$4,743
9 years$7,086$6,473$5,909$5,391$4,915$3,876
10 years$6,312$5,706$5,152$4,647$4,188$3,203
11 years$5,680$5,079$4,535$4,044$3,602$2,669
12 years$5,153$4,559$4,025$3,547$3,121$2,239
13 years$4,708$4,120$3,596$3,132$2,722$1,889
14 years$4,327$3,745$3,231$2,780$2,386$1,601
15 years$3,997$3,421$2,917$2,479$2,101$1,362
16 years$3,708$3,139$2,645$2,220$1,857$1,162
17 years$3,454$2,891$2,407$1,995$1,646$994
18 years$3,228$2,671$2,197$1,797$1,464$853
19 years$3,026$2,476$2,011$1,624$1,305$733
20 years$2,845$2,300$1,846$1,471$1,165$630
21 years$2,681$2,143$1,698$1,335$1,043$543
22 years$2,532$2,000$1,565$1,214$935$468
23 years$2,396$1,871$1,445$1,105$839$404
24 years$2,272$1,753$1,336$1,008$754$350
25 years$2,158$1,645$1,238$921$679$302
26 years$2,053$1,546$1,148$842$611$262
27 years$1,956$1,455$1,066$771$551$226
28 years$1,865$1,371$991$706$497$196
29 years$1,782$1,293$922$647$449$170
30 years$1,704$1,221$859$594$406$147
31 years$1,631$1,155$801$546$367$128
32 years$1,563$1,093$747$502$332$111
33 years$1,499$1,035$698$461$300$96
34 years$1,439$981$652$424$272$83
35 years$1,383$930$609$391$246$72
36 years$1,329$883$570$360$223$63
37 years$1,279$838$534$331$202$55
38 years$1,232$797$500$306$183$47
39 years$1,187$758$468$282$166$41
40 years$1,144$721$439$260$151$36
41 years$1,104$686$411$240$137$31
42 years$1,066$654$386$221$124$27
43 years$1,029$623$362$204$113$23
44 years$994$594$340$189$102$20
45 years$961$566$319$174$93$18
46 years$930$540$300$161$84$15
47 years$900$515$282$149$77$13
48 years$871$492$265$137$70$12
49 years$844$470$249$127$63$10
50 years$817$449$234$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $837,000, adding $4,849 every year, while hoping to spend $32,933 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: 64/15/21 Blend
50$837,000$837,000$837,000$837,000
51$927,376$883,015$870,041$981,433
52$986,928$891,242$864,147$1,026,639
53$1,051,450$898,769$856,952$1,071,856
54$1,121,415$905,526$848,377$1,120,494
55$1,197,342$911,439$838,340$1,172,889
56$1,279,803$916,431$826,756$1,229,415
57$1,369,424$920,418$813,534$1,290,481
58$1,466,899$923,311$798,581$1,356,540
59$1,572,986$925,017$781,797$1,428,092
60$1,688,522$925,435$763,079$1,505,691
61$1,814,429$924,459$742,319$1,589,944
62$1,951,719$921,975$719,405$1,681,524
63$2,101,507$917,865$694,219$1,781,173
64$2,265,022$912,001$666,635$1,889,711
65$2,443,613$904,248$636,527$2,008,041
66$2,638,769$894,464$603,758$2,137,161
67$2,852,126$882,496$568,187$2,278,170
68$3,085,489$868,184$529,667$2,432,284
69$3,340,842$851,358$488,044$2,600,842
70$3,620,370$831,837$443,156$2,785,323
71$3,926,482$809,431$394,835$2,987,358
72$4,261,827$783,937$342,906$3,208,747
73$4,629,325$755,141$287,185$3,451,475
74$5,032,191$722,818$227,480$3,717,733
75$5,473,965$686,727$163,592$4,009,936
76$5,958,547$646,615$95,310$4,330,751
77$6,490,234$602,213$22,418$4,683,117
78$7,073,756$553,240$0$5,070,278
79$7,714,325$499,395$0$5,508,218
80$8,417,682$440,361$0$5,994,642
81$9,190,151$375,804$0$6,528,930
82$10,038,698$305,370$0$7,115,938
83$10,970,999$228,687$0$7,761,021
84$11,995,508$145,359$0$8,470,078
85$13,121,538$54,971$0$9,249,613
86$14,359,352$0$0$10,106,794
87$15,720,255$0$0$11,056,604
88$17,216,702$0$0$12,111,055
89$18,862,415$0$0$13,270,750
90$20,672,514$0$0$14,546,351
91$22,663,656$0$0$15,949,607
92$24,854,194$0$0$17,493,459
93$27,264,351$0$0$19,192,170
94$29,916,408$0$0$21,061,452
95$32,834,913$0$0$23,118,619
96$36,046,918$0$0$25,382,748
97$39,582,227$0$0$27,874,857
98$43,473,681$0$0$30,618,108
99$47,757,466$0$0$33,638,021
100$52,473,456$0$0$36,962,717