Can I retire at age 51 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$69,366$68,749$68,146$67,557$66,983$66,228
2 years$34,340$33,700$33,080$32,479$31,897$31,137
3 years$22,666$22,023$21,405$20,810$20,236$19,495
4 years$16,830$16,190$15,578$14,992$14,433$13,716
5 years$13,329$12,693$12,089$11,516$10,972$10,281
6 years$10,996$10,365$9,770$9,209$8,681$8,018
7 years$9,331$8,704$8,119$7,571$7,060$6,424
8 years$8,082$7,461$6,885$6,351$5,857$5,249
9 years$7,111$6,496$5,930$5,410$4,933$4,351
10 years$6,335$5,726$5,170$4,663$4,203$3,648
11 years$5,700$5,098$4,552$4,059$3,615$3,086
12 years$5,172$4,575$4,039$3,560$3,132$2,630
13 years$4,725$4,135$3,609$3,143$2,731$2,254
14 years$4,342$3,758$3,243$2,790$2,394$1,941
15 years$4,011$3,433$2,928$2,488$2,108$1,679
16 years$3,722$3,150$2,654$2,228$1,863$1,457
17 years$3,466$2,901$2,415$2,002$1,652$1,268
18 years$3,240$2,681$2,205$1,804$1,469$1,106
19 years$3,037$2,484$2,019$1,630$1,309$967
20 years$2,855$2,309$1,853$1,476$1,169$847
21 years$2,690$2,150$1,704$1,340$1,047$743
22 years$2,541$2,007$1,570$1,218$938$653
23 years$2,405$1,877$1,450$1,109$842$575
24 years$2,280$1,759$1,341$1,012$757$506
25 years$2,166$1,651$1,242$924$681$446
26 years$2,060$1,551$1,152$845$613$393
27 years$1,963$1,460$1,070$773$553$347
28 years$1,872$1,376$994$709$499$307
29 years$1,788$1,298$925$650$451$271
30 years$1,710$1,226$862$596$407$240
31 years$1,637$1,159$804$548$368$212
32 years$1,568$1,096$750$503$333$187
33 years$1,504$1,038$700$463$301$166
34 years$1,444$984$654$426$273$147
35 years$1,387$933$612$392$247$130
36 years$1,334$886$572$361$224$115
37 years$1,284$841$535$333$203$102
38 years$1,236$800$501$307$184$90
39 years$1,191$760$470$283$167$80
40 years$1,148$723$440$261$151$71
41 years$1,108$689$413$241$137$63
42 years$1,069$656$387$222$125$56
43 years$1,033$625$363$205$113$50
44 years$998$596$341$189$103$44
45 years$965$568$320$175$93$39
46 years$933$542$301$161$85$35
47 years$903$517$283$149$77$31
48 years$874$494$266$138$70$27
49 years$847$471$250$127$63$24
50 years$820$450$235$118$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $840,000, adding $6,604 every year, while hoping to spend $34,126 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: 51/25/24 Blend
50$840,000$840,000$840,000$840,000
51$932,492$887,972$874,952$973,480
52$991,296$895,173$867,953$1,009,800
53$1,054,955$901,583$859,576$1,045,263
54$1,123,927$907,127$849,738$1,083,126
55$1,198,717$911,726$838,354$1,123,630
56$1,279,881$915,295$825,334$1,167,043
57$1,368,028$917,744$810,582$1,213,660
58$1,463,831$918,977$794,000$1,263,811
59$1,568,028$918,894$775,486$1,317,857
60$1,681,433$917,385$754,930$1,376,201
61$1,804,938$914,336$732,219$1,439,286
62$1,939,529$909,626$707,236$1,507,607
63$2,086,289$903,125$679,856$1,581,705
64$2,246,409$894,697$649,950$1,662,184
65$2,421,202$884,197$617,383$1,749,710
66$2,612,113$871,470$582,013$1,845,018
67$2,820,730$856,354$543,693$1,948,924
68$3,048,806$838,676$502,267$2,062,327
69$3,298,266$818,254$457,575$2,186,224
70$3,571,234$794,892$409,448$2,321,713
71$3,870,045$768,388$357,710$2,470,012
72$4,197,273$738,522$302,177$2,632,463
73$4,555,752$705,067$242,657$2,810,552
74$4,948,602$667,778$178,950$3,005,919
75$5,379,260$626,400$110,845$3,220,377
76$5,851,511$580,660$38,124$3,455,927
77$6,369,523$530,271$0$3,714,781
78$6,937,890$474,929$0$4,009,492
79$7,561,668$414,314$0$4,343,721
80$8,246,429$348,086$0$4,710,738
81$8,998,309$275,887$0$5,113,897
82$9,824,071$197,340$0$5,556,898
83$10,731,159$112,043$0$6,043,821
84$11,727,780$19,575$0$6,579,166
85$12,822,970$0$0$7,167,896
86$14,026,686$0$0$7,837,629
87$15,349,899$0$0$8,579,863
88$16,804,692$0$0$9,396,003
89$18,404,382$0$0$10,293,530
90$20,163,636$0$0$11,280,688
91$22,098,618$0$0$12,366,559
92$24,227,134$0$0$13,561,148
93$26,568,803$0$0$14,875,481
94$29,145,244$0$0$16,321,706
95$31,980,275$0$0$17,913,207
96$35,100,138$0$0$19,664,732
97$38,533,750$0$0$21,592,530
98$42,312,973$0$0$23,714,506
99$46,472,913$0$0$26,050,389
100$51,052,253$0$0$28,621,918