Can I retire at age 51 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$69,201$68,585$67,983$67,396$66,823$66,098
2 years$34,258$33,620$33,002$32,402$31,821$31,090
3 years$22,612$21,971$21,354$20,760$20,188$19,476
4 years$16,790$16,151$15,540$14,957$14,398$13,709
5 years$13,298$12,663$12,060$11,488$10,945$10,281
6 years$10,970$10,340$9,746$9,187$8,661$8,023
7 years$9,308$8,684$8,099$7,553$7,044$6,432
8 years$8,063$7,443$6,869$6,336$5,843$5,258
9 years$7,094$6,481$5,916$5,397$4,921$4,361
10 years$6,320$5,712$5,158$4,652$4,193$3,659
11 years$5,687$5,086$4,541$4,049$3,606$3,097
12 years$5,160$4,564$4,030$3,551$3,125$2,641
13 years$4,714$4,125$3,600$3,135$2,725$2,265
14 years$4,332$3,749$3,235$2,783$2,389$1,952
15 years$4,002$3,425$2,921$2,482$2,103$1,689
16 years$3,713$3,143$2,648$2,223$1,859$1,467
17 years$3,458$2,894$2,410$1,997$1,648$1,278
18 years$3,232$2,674$2,200$1,800$1,465$1,115
19 years$3,030$2,479$2,014$1,626$1,306$976
20 years$2,848$2,303$1,848$1,473$1,167$856
21 years$2,684$2,145$1,700$1,337$1,044$751
22 years$2,535$2,003$1,567$1,215$936$660
23 years$2,399$1,873$1,447$1,107$840$581
24 years$2,275$1,755$1,338$1,009$755$512
25 years$2,160$1,647$1,239$922$679$452
26 years$2,055$1,548$1,149$843$612$399
27 years$1,958$1,457$1,067$772$552$352
28 years$1,868$1,373$992$707$498$311
29 years$1,784$1,295$923$648$450$275
30 years$1,706$1,223$860$595$406$244
31 years$1,633$1,156$802$546$367$216
32 years$1,565$1,094$748$502$332$191
33 years$1,501$1,036$698$462$301$169
34 years$1,441$982$653$425$272$150
35 years$1,384$931$610$391$247$133
36 years$1,331$884$571$360$223$118
37 years$1,281$839$534$332$202$104
38 years$1,233$798$500$306$184$93
39 years$1,188$759$469$282$166$82
40 years$1,146$722$439$260$151$73
41 years$1,105$687$412$240$137$65
42 years$1,067$654$386$222$124$57
43 years$1,030$623$363$204$113$51
44 years$996$594$340$189$102$45
45 years$963$567$320$174$93$40
46 years$931$541$300$161$84$36
47 years$901$516$282$149$77$32
48 years$872$492$265$138$70$28
49 years$845$470$249$127$63$25
50 years$818$449$234$117$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $838,000, adding $5,181 every year, while hoping to spend $38,040 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: 34/36/30 Blend
50$838,000$838,000$838,000$838,000
51$928,820$884,406$871,417$951,847
52$983,086$887,268$860,135$972,620
53$1,041,611$888,995$847,201$991,269
54$1,104,791$889,491$832,518$1,010,659
55$1,173,059$888,655$815,986$1,030,881
56$1,246,891$886,379$797,502$1,052,041
57$1,326,810$882,549$776,955$1,074,258
58$1,413,393$877,041$754,230$1,097,666
59$1,507,271$869,728$729,209$1,122,416
60$1,609,141$860,473$701,766$1,148,680
61$1,719,767$849,130$671,769$1,176,647
62$1,839,992$835,546$639,082$1,206,533
63$1,970,741$819,558$603,561$1,238,580
64$2,113,034$800,993$565,057$1,273,057
65$2,267,990$779,669$523,414$1,310,267
66$2,436,844$755,392$478,467$1,350,548
67$2,620,953$727,957$430,046$1,394,280
68$2,821,811$697,147$377,973$1,441,884
69$3,041,062$662,734$322,062$1,493,832
70$3,280,517$624,475$262,118$1,550,652
71$3,542,168$582,112$197,937$1,612,929
72$3,828,209$535,376$129,308$1,681,319
73$4,141,056$483,979$56,009$1,756,548
74$4,483,368$427,618$0$1,839,428
75$4,858,073$365,973$0$1,937,971
76$5,268,396$298,705$0$2,065,663
77$5,717,888$225,458$0$2,205,753
78$6,210,461$145,853$0$2,359,563
79$6,750,420$59,492$0$2,528,554
80$7,342,509$0$0$2,714,344
81$7,991,954$0$0$2,932,211
82$8,704,507$0$0$3,197,231
83$9,486,509$0$0$3,488,210
84$10,344,940$0$0$3,807,761
85$11,287,491$0$0$4,158,766
86$12,322,635$0$0$4,544,395
87$13,459,703$0$0$4,968,143
88$14,708,978$0$0$5,433,861
89$16,081,785$0$0$5,945,789
90$17,590,601$0$0$6,508,601
91$19,249,174$0$0$7,127,444
92$21,072,648$0$0$7,807,991
93$23,077,708$0$0$8,556,490
94$25,282,737$0$0$9,379,827
95$27,707,988$0$0$10,285,588
96$30,375,778$0$0$11,282,130
97$33,310,691$0$0$12,378,662
98$36,539,818$0$0$13,585,333
99$40,093,006$0$0$14,913,321
100$44,003,142$0$0$16,374,946