Can I retire at age 51 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$69,449$68,830$68,227$67,638$67,063$66,528
2 years$34,381$33,740$33,120$32,518$31,935$31,396
3 years$22,693$22,050$21,431$20,835$20,261$19,735
4 years$16,850$16,209$15,596$15,010$14,450$13,940
5 years$13,345$12,708$12,103$11,529$10,985$10,493
6 years$11,009$10,377$9,781$9,220$8,692$8,219
7 years$9,342$8,715$8,128$7,580$7,069$6,614
8 years$8,091$7,470$6,893$6,359$5,864$5,429
9 years$7,120$6,504$5,937$5,416$4,939$4,522
10 years$6,343$5,733$5,176$4,669$4,208$3,809
11 years$5,707$5,104$4,557$4,063$3,619$3,239
12 years$5,178$4,581$4,044$3,564$3,136$2,774
13 years$4,731$4,140$3,613$3,147$2,735$2,390
14 years$4,348$3,763$3,247$2,793$2,397$2,069
15 years$4,016$3,437$2,931$2,491$2,111$1,799
16 years$3,726$3,154$2,658$2,230$1,865$1,570
17 years$3,470$2,905$2,418$2,004$1,654$1,374
18 years$3,243$2,684$2,208$1,806$1,471$1,205
19 years$3,041$2,487$2,021$1,632$1,311$1,060
20 years$2,858$2,311$1,855$1,478$1,171$934
21 years$2,694$2,153$1,706$1,341$1,048$824
22 years$2,544$2,010$1,572$1,220$939$729
23 years$2,408$1,880$1,452$1,111$843$645
24 years$2,283$1,761$1,343$1,013$758$571
25 years$2,168$1,653$1,244$925$682$507
26 years$2,063$1,553$1,153$846$614$450
27 years$1,965$1,462$1,071$774$554$400
28 years$1,874$1,378$996$709$500$355
29 years$1,790$1,300$926$651$451$316
30 years$1,712$1,227$863$597$408$281
31 years$1,639$1,160$805$548$369$250
32 years$1,570$1,098$751$504$333$223
33 years$1,506$1,040$701$463$302$199
34 years$1,446$985$655$426$273$177
35 years$1,389$935$612$393$247$158
36 years$1,336$887$573$362$224$141
37 years$1,285$842$536$333$203$126
38 years$1,238$801$502$307$184$112
39 years$1,193$761$470$283$167$100
40 years$1,150$724$441$261$152$89
41 years$1,109$689$413$241$137$80
42 years$1,071$657$388$222$125$71
43 years$1,034$626$364$205$113$63
44 years$999$596$342$189$103$57
45 years$966$569$321$175$93$51
46 years$934$543$301$162$85$45
47 years$904$518$283$149$77$40
48 years$875$494$266$138$70$36
49 years$848$472$250$128$63$32
50 years$821$451$235$118$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $841,000, adding $4,630 every year, while hoping to spend $33,046 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: 60/29/11 Blend
50$841,000$841,000$841,000$841,000
51$931,558$886,985$873,949$984,753
52$991,416$895,286$868,066$1,029,346
53$1,056,272$902,887$860,878$1,073,812
54$1,126,601$909,718$852,307$1,121,508
55$1,202,926$915,705$842,270$1,172,747
56$1,285,819$920,770$830,681$1,227,875
57$1,375,914$924,829$817,450$1,287,276
58$1,473,906$927,794$802,483$1,351,371
59$1,580,558$929,570$785,680$1,420,625
60$1,696,713$930,057$766,939$1,495,553
61$1,823,296$929,148$746,149$1,576,722
62$1,961,327$926,730$723,200$1,664,759
63$2,111,926$922,684$697,971$1,760,356
64$2,276,328$916,882$670,339$1,864,275
65$2,455,893$909,188$640,175$1,977,361
66$2,652,116$899,460$607,342$2,100,543
67$2,866,644$887,546$571,700$2,234,847
68$3,101,289$873,283$533,100$2,381,408
69$3,358,050$856,503$491,388$2,541,475
70$3,639,124$837,025$446,402$2,716,429
71$3,946,931$814,656$397,974$2,907,794
72$4,284,139$789,195$345,926$3,117,251
73$4,653,682$760,426$290,076$3,346,655
74$5,058,794$728,124$230,230$3,598,053
75$5,503,037$692,047$166,188$3,873,704
76$5,990,331$651,942$97,741$4,176,100
77$6,524,999$607,541$24,669$4,507,993
78$7,111,798$558,560$0$4,872,414
79$7,755,969$504,697$0$5,278,971
80$8,463,287$445,637$0$5,728,594
81$9,240,112$381,043$0$6,222,490
82$10,093,451$310,561$0$6,765,182
83$11,031,022$233,818$0$7,361,661
84$12,061,329$150,417$0$8,017,428
85$13,193,738$59,942$0$8,738,550
86$14,438,572$0$0$9,531,718
87$15,807,199$0$0$10,416,449
88$17,312,147$0$0$11,410,409
89$18,967,217$0$0$12,503,595
90$20,787,614$0$0$13,706,060
91$22,790,094$0$0$15,028,880
92$24,993,113$0$0$16,484,258
93$27,417,011$0$0$18,085,642
94$30,084,197$0$0$19,847,847
95$33,019,360$0$0$21,787,197
96$36,249,708$0$0$23,921,679
97$39,805,216$0$0$26,271,112
98$43,718,914$0$0$28,857,334
99$48,027,197$0$0$31,704,408
100$52,770,166$0$0$34,838,847