Can I retire at age 51 with 837,000?

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 $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%12.4%
1 years$69,119$68,503$67,902$67,316$66,744$66,074
2 years$34,217$33,580$32,962$32,363$31,783$31,108
3 years$22,585$21,945$21,329$20,736$20,164$19,506
4 years$16,770$16,132$15,522$14,939$14,381$13,744
5 years$13,282$12,648$12,046$11,474$10,932$10,318
6 years$10,957$10,328$9,735$9,176$8,650$8,060
7 years$9,297$8,673$8,090$7,544$7,035$6,469
8 years$8,053$7,434$6,861$6,329$5,836$5,294
9 years$7,086$6,473$5,909$5,391$4,915$4,397
10 years$6,312$5,706$5,152$4,647$4,188$3,693
11 years$5,680$5,079$4,535$4,044$3,602$3,130
12 years$5,153$4,559$4,025$3,547$3,121$2,672
13 years$4,708$4,120$3,596$3,132$2,722$2,295
14 years$4,327$3,745$3,231$2,780$2,386$1,980
15 years$3,997$3,421$2,917$2,479$2,101$1,716
16 years$3,708$3,139$2,645$2,220$1,857$1,492
17 years$3,454$2,891$2,407$1,995$1,646$1,302
18 years$3,228$2,671$2,197$1,797$1,464$1,138
19 years$3,026$2,476$2,011$1,624$1,305$997
20 years$2,845$2,300$1,846$1,471$1,165$875
21 years$2,681$2,143$1,698$1,335$1,043$770
22 years$2,532$2,000$1,565$1,214$935$678
23 years$2,396$1,871$1,445$1,105$839$598
24 years$2,272$1,753$1,336$1,008$754$527
25 years$2,158$1,645$1,238$921$679$466
26 years$2,053$1,546$1,148$842$611$412
27 years$1,956$1,455$1,066$771$551$364
28 years$1,865$1,371$991$706$497$323
29 years$1,782$1,293$922$647$449$286
30 years$1,704$1,221$859$594$406$253
31 years$1,631$1,155$801$546$367$225
32 years$1,563$1,093$747$502$332$199
33 years$1,499$1,035$698$461$300$177
34 years$1,439$981$652$424$272$157
35 years$1,383$930$609$391$246$139
36 years$1,329$883$570$360$223$124
37 years$1,279$838$534$331$202$110
38 years$1,232$797$500$306$183$98
39 years$1,187$758$468$282$166$87
40 years$1,144$721$439$260$151$77
41 years$1,104$686$411$240$137$68
42 years$1,066$654$386$221$124$61
43 years$1,029$623$362$204$113$54
44 years$994$594$340$189$102$48
45 years$961$566$319$174$93$43
46 years$930$540$300$161$84$38
47 years$900$515$282$149$77$34
48 years$871$492$265$137$70$30
49 years$844$470$249$127$63$27
50 years$817$449$234$117$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $837,000, adding $5,743 every year, while hoping to spend $23,122 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: 21/50/29 Blend
50$837,000$837,000$837,000$837,000
51$928,298$883,937$870,963$939,163
52$998,383$902,648$875,539$968,266
53$1,074,841$921,501$879,493$997,076
54$1,158,299$940,479$882,780$1,027,374
55$1,249,445$959,562$885,353$1,059,292
56$1,349,037$978,730$887,161$1,092,983
57$1,457,911$997,959$888,153$1,128,610
58$1,576,985$1,017,226$888,273$1,166,358
59$1,707,270$1,036,503$887,463$1,206,429
60$1,849,882$1,055,762$885,663$1,249,048
61$2,006,048$1,074,972$882,810$1,294,463
62$2,177,117$1,094,098$878,837$1,342,950
63$2,364,579$1,113,105$873,674$1,394,813
64$2,570,072$1,131,953$867,249$1,450,389
65$2,795,401$1,150,601$859,483$1,510,050
66$3,042,554$1,169,002$850,298$1,574,209
67$3,313,720$1,187,109$839,608$1,643,322
68$3,611,311$1,204,869$827,327$1,717,894
69$3,937,984$1,222,226$813,361$1,798,481
70$4,296,664$1,239,121$797,614$1,885,702
71$4,690,575$1,255,489$779,986$1,980,238
72$5,123,269$1,271,263$760,370$2,082,843
73$5,598,655$1,286,368$738,656$2,194,352
74$6,121,045$1,300,727$714,728$2,315,686
75$6,695,186$1,314,257$688,465$2,447,864
76$7,326,307$1,326,868$659,741$2,592,012
77$8,020,172$1,338,465$628,424$2,749,373
78$8,783,128$1,348,949$594,374$2,921,324
79$9,622,170$1,358,210$557,449$3,109,381
80$10,545,003$1,366,135$517,496$3,315,225
81$11,560,119$1,372,601$474,357$3,540,708
82$12,676,872$1,377,479$427,869$3,787,879
83$13,905,569$1,380,631$377,858$4,058,997
84$15,257,566$1,381,911$324,145$4,356,562
85$16,745,375$1,381,163$266,542$4,683,330
86$18,382,785$1,378,221$204,853$5,042,348
87$20,184,987$1,372,911$138,873$5,436,976
88$22,168,718$1,365,046$68,388$5,870,929
89$24,352,423$1,354,429$0$6,348,302
90$26,756,424$1,340,851$0$6,875,735
91$29,403,116$1,324,089$0$7,478,826
92$32,317,172$1,303,907$0$8,141,978
93$35,525,782$1,280,058$0$8,871,351
94$39,058,907$1,252,276$0$9,673,741
95$42,949,560$1,220,282$0$10,556,639
96$47,234,119$1,183,779$0$11,528,308
97$51,952,670$1,142,455$0$12,597,860
98$57,149,383$1,095,976$0$13,775,342
99$62,872,934$1,043,993$0$15,071,833
100$69,176,958$986,134$0$16,499,550