Can I retire at age 51 with 840,000?

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 $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%13.2%
1 years$69,366$68,749$68,146$67,557$66,983$66,091
2 years$34,340$33,700$33,080$32,479$31,897$31,000
3 years$22,666$22,023$21,405$20,810$20,236$19,362
4 years$16,830$16,190$15,578$14,992$14,433$13,588
5 years$13,329$12,693$12,089$11,516$10,972$10,158
6 years$10,996$10,365$9,770$9,209$8,681$7,901
7 years$9,331$8,704$8,119$7,571$7,060$6,313
8 years$8,082$7,461$6,885$6,351$5,857$5,143
9 years$7,111$6,496$5,930$5,410$4,933$4,251
10 years$6,335$5,726$5,170$4,663$4,203$3,553
11 years$5,700$5,098$4,552$4,059$3,615$2,997
12 years$5,172$4,575$4,039$3,560$3,132$2,545
13 years$4,725$4,135$3,609$3,143$2,731$2,175
14 years$4,342$3,758$3,243$2,790$2,394$1,867
15 years$4,011$3,433$2,928$2,488$2,108$1,609
16 years$3,722$3,150$2,654$2,228$1,863$1,391
17 years$3,466$2,901$2,415$2,002$1,652$1,207
18 years$3,240$2,681$2,205$1,804$1,469$1,049
19 years$3,037$2,484$2,019$1,630$1,309$914
20 years$2,855$2,309$1,853$1,476$1,169$798
21 years$2,690$2,150$1,704$1,340$1,047$697
22 years$2,541$2,007$1,570$1,218$938$610
23 years$2,405$1,877$1,450$1,109$842$535
24 years$2,280$1,759$1,341$1,012$757$469
25 years$2,166$1,651$1,242$924$681$412
26 years$2,060$1,551$1,152$845$613$362
27 years$1,963$1,460$1,070$773$553$318
28 years$1,872$1,376$994$709$499$280
29 years$1,788$1,298$925$650$451$246
30 years$1,710$1,226$862$596$407$217
31 years$1,637$1,159$804$548$368$191
32 years$1,568$1,096$750$503$333$168
33 years$1,504$1,038$700$463$301$148
34 years$1,444$984$654$426$273$131
35 years$1,387$933$612$392$247$115
36 years$1,334$886$572$361$224$102
37 years$1,284$841$535$333$203$90
38 years$1,236$800$501$307$184$79
39 years$1,191$760$470$283$167$70
40 years$1,148$723$440$261$151$62
41 years$1,108$689$413$241$137$54
42 years$1,069$656$387$222$125$48
43 years$1,033$625$363$205$113$42
44 years$998$596$341$189$103$37
45 years$965$568$320$175$93$33
46 years$933$542$301$161$85$29
47 years$903$517$283$149$77$26
48 years$874$494$266$138$70$23
49 years$847$471$250$127$63$20
50 years$820$450$235$118$58$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $840,000, adding $2,424 every year, while hoping to spend $25,661 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: 65/24/11 Blend
50$840,000$840,000$840,000$840,000
51$928,180$883,660$870,640$986,100
52$995,552$899,657$872,504$1,041,034
53$1,068,935$915,577$873,569$1,097,797
54$1,148,916$931,390$873,784$1,159,166
55$1,236,140$947,062$873,090$1,225,586
56$1,331,317$962,559$871,429$1,297,551
57$1,435,228$977,842$868,739$1,375,604
58$1,548,734$992,869$864,955$1,460,344
59$1,672,782$1,007,596$860,008$1,552,429
60$1,808,414$1,021,976$853,826$1,652,587
61$1,956,778$1,035,959$846,335$1,761,619
62$2,119,139$1,049,490$837,457$1,880,408
63$2,296,887$1,062,511$827,108$2,009,927
64$2,491,556$1,074,961$815,202$2,151,248
65$2,704,833$1,086,773$801,650$2,305,554
66$2,938,578$1,097,876$786,357$2,474,147
67$3,194,837$1,108,196$769,224$2,658,464
68$3,475,865$1,117,652$750,147$2,860,088
69$3,784,145$1,126,159$729,019$3,080,764
70$4,122,412$1,133,625$705,726$3,322,416
71$4,493,680$1,139,955$680,149$3,587,164
72$4,901,266$1,145,044$652,165$3,877,345
73$5,348,827$1,148,783$621,645$4,195,535
74$5,840,390$1,151,055$588,453$4,544,575
75$6,380,391$1,151,738$552,447$4,927,595
76$6,973,716$1,150,699$513,479$5,348,046
77$7,625,751$1,147,798$471,396$5,809,732
78$8,342,425$1,142,888$426,036$6,316,845
79$9,130,274$1,135,811$377,229$6,874,009
80$9,996,496$1,126,401$324,801$7,486,317
81$10,949,024$1,114,479$268,567$8,159,385
82$11,996,595$1,099,860$208,335$8,899,405
83$13,148,838$1,082,343$143,904$9,713,200
84$14,416,360$1,061,718$75,065$10,608,292
85$15,810,849$1,037,763$1,601$11,592,972
86$17,345,183$1,010,241$0$12,676,378
87$19,033,550$978,901$0$13,877,598
88$20,891,584$943,479$0$15,199,508
89$22,936,511$903,694$0$16,654,189
90$25,187,310$859,251$0$18,255,162
91$27,664,897$809,835$0$20,017,327
92$30,392,314$755,115$0$21,957,107
93$33,394,955$694,740$0$24,092,604
94$36,700,797$628,339$0$26,443,763
95$40,340,671$555,521$0$29,032,572
96$44,348,549$475,871$0$31,883,258
97$48,761,864$388,951$0$35,022,525
98$53,621,865$294,300$0$38,479,803
99$58,974,004$191,430$0$42,287,527
100$64,868,366$79,824$0$46,481,443