Can I retire at age 51 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$69,284$68,667$68,065$67,477$66,903$66,040
2 years$34,299$33,660$33,041$32,441$31,859$30,990
3 years$22,639$21,997$21,380$20,785$20,212$19,366
4 years$16,810$16,170$15,559$14,975$14,416$13,597
5 years$13,313$12,678$12,074$11,502$10,959$10,171
6 years$10,983$10,352$9,758$9,198$8,671$7,915
7 years$9,320$8,694$8,109$7,562$7,052$6,328
8 years$8,072$7,452$6,877$6,344$5,850$5,158
9 years$7,103$6,489$5,923$5,404$4,927$4,266
10 years$6,327$5,719$5,164$4,658$4,198$3,568
11 years$5,694$5,092$4,546$4,054$3,610$3,011
12 years$5,166$4,570$4,035$3,556$3,129$2,559
13 years$4,720$4,130$3,605$3,139$2,728$2,188
14 years$4,337$3,754$3,239$2,787$2,392$1,879
15 years$4,006$3,429$2,924$2,485$2,106$1,621
16 years$3,717$3,146$2,651$2,225$1,861$1,403
17 years$3,462$2,898$2,413$1,999$1,650$1,217
18 years$3,236$2,678$2,202$1,802$1,467$1,059
19 years$3,033$2,482$2,016$1,628$1,308$923
20 years$2,851$2,306$1,850$1,475$1,168$806
21 years$2,687$2,148$1,702$1,338$1,045$705
22 years$2,538$2,005$1,569$1,217$937$618
23 years$2,402$1,875$1,448$1,108$841$542
24 years$2,277$1,757$1,339$1,011$756$476
25 years$2,163$1,649$1,241$923$680$418
26 years$2,058$1,550$1,151$844$613$367
27 years$1,960$1,458$1,068$772$552$323
28 years$1,870$1,374$993$708$498$285
29 years$1,786$1,296$924$649$450$251
30 years$1,708$1,224$861$596$407$221
31 years$1,635$1,157$803$547$368$195
32 years$1,567$1,095$749$503$333$172
33 years$1,503$1,037$699$462$301$151
34 years$1,442$983$653$425$273$134
35 years$1,386$932$611$392$247$118
36 years$1,333$885$571$361$224$104
37 years$1,282$840$535$332$203$92
38 years$1,235$799$501$306$184$81
39 years$1,190$760$469$282$167$72
40 years$1,147$723$440$260$151$63
41 years$1,107$688$412$240$137$56
42 years$1,068$655$387$222$124$49
43 years$1,032$624$363$205$113$44
44 years$997$595$341$189$103$39
45 years$964$567$320$175$93$34
46 years$932$541$300$161$84$30
47 years$902$517$282$149$77$27
48 years$873$493$265$138$70$24
49 years$846$471$249$127$63$21
50 years$819$450$234$118$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $839,000, adding $3,041 every year, while hoping to spend $41,340 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: 28/42/30 Blend
50$839,000$839,000$839,000$839,000
51$927,715$883,248$870,243$945,030
52$978,356$882,541$855,411$958,535
53$1,032,778$880,415$838,696$969,290
54$1,091,321$876,755$819,992$980,028
55$1,154,361$871,442$799,188$990,775
56$1,222,311$864,347$776,166$1,001,568
57$1,295,623$855,337$750,804$1,012,449
58$1,374,795$844,267$722,974$1,023,468
59$1,460,374$830,986$692,543$1,034,686
60$1,552,960$815,332$659,371$1,046,175
61$1,653,214$797,136$623,313$1,058,018
62$1,761,863$776,216$584,214$1,070,312
63$1,879,704$752,382$541,917$1,083,169
64$2,007,617$725,431$496,254$1,096,721
65$2,146,566$695,150$447,051$1,111,118
66$2,297,614$661,311$394,125$1,126,530
67$2,461,931$623,675$337,288$1,143,154
68$2,640,801$581,988$276,341$1,161,214
69$2,835,641$535,983$211,076$1,180,964
70$3,048,006$485,377$141,278$1,202,693
71$3,279,612$429,869$66,719$1,226,728
72$3,532,343$369,144$0$1,253,439
73$3,808,277$302,867$0$1,287,355
74$4,109,699$230,685$0$1,347,893
75$4,439,124$152,225$0$1,414,285
76$4,799,324$67,092$0$1,487,211
77$5,193,347$0$0$1,567,429
78$5,624,552$0$0$1,667,393
79$6,096,636$0$0$1,810,914
80$6,613,672$0$0$1,968,237
81$7,180,144$0$0$2,140,745
82$7,800,990$0$0$2,329,958
83$8,481,650$0$0$2,537,553
84$9,228,113$0$0$2,765,376
85$10,046,977$0$0$3,015,460
86$10,945,509$0$0$3,290,046
87$11,931,715$0$0$3,591,599
88$13,014,411$0$0$3,922,839
89$14,203,310$0$0$4,286,760
90$15,509,113$0$0$4,686,661
91$16,943,604$0$0$5,126,174
92$18,519,770$0$0$5,609,304
93$20,251,914$0$0$6,140,462
94$22,155,795$0$0$6,724,507
95$24,248,774$0$0$7,366,793
96$26,549,980$0$0$8,073,217
97$29,080,486$0$0$8,850,280
98$31,863,509$0$0$9,705,142
99$34,924,630$0$0$10,645,691
100$38,292,033$0$0$11,680,622