Can I retire at age 51 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$69,532$68,912$68,308$67,718$67,142$65,976
2 years$34,422$33,781$33,159$32,557$31,973$30,801
3 years$22,720$22,076$21,456$20,859$20,285$19,145
4 years$16,870$16,228$15,615$15,028$14,467$13,368
5 years$13,361$12,723$12,118$11,543$10,998$9,942
6 years$11,023$10,389$9,793$9,231$8,702$7,691
7 years$9,353$8,725$8,138$7,589$7,077$6,111
8 years$8,101$7,479$6,902$6,367$5,871$4,949
9 years$7,128$6,512$5,944$5,423$4,944$4,067
10 years$6,350$5,740$5,182$4,675$4,213$3,379
11 years$5,714$5,110$4,562$4,068$3,623$2,832
12 years$5,184$4,586$4,049$3,568$3,140$2,390
13 years$4,736$4,145$3,618$3,150$2,738$2,028
14 years$4,353$3,767$3,250$2,797$2,400$1,730
15 years$4,021$3,442$2,935$2,494$2,113$1,480
16 years$3,730$3,158$2,661$2,233$1,868$1,271
17 years$3,474$2,908$2,421$2,006$1,656$1,095
18 years$3,247$2,687$2,210$1,808$1,472$945
19 years$3,044$2,490$2,023$1,634$1,312$817
20 years$2,862$2,314$1,857$1,480$1,172$708
21 years$2,697$2,156$1,708$1,343$1,049$614
22 years$2,547$2,012$1,574$1,221$940$533
23 years$2,411$1,882$1,453$1,112$844$464
24 years$2,286$1,763$1,344$1,014$759$404
25 years$2,171$1,655$1,245$926$683$352
26 years$2,065$1,555$1,155$847$615$306
27 years$1,967$1,464$1,072$775$554$267
28 years$1,877$1,379$997$710$500$233
29 years$1,792$1,301$928$651$452$204
30 years$1,714$1,229$864$598$408$178
31 years$1,641$1,162$806$549$369$155
32 years$1,572$1,099$752$505$334$136
33 years$1,508$1,041$702$464$302$119
34 years$1,448$986$656$427$274$104
35 years$1,391$936$613$393$248$91
36 years$1,337$888$573$362$224$79
37 years$1,287$843$537$333$203$69
38 years$1,239$802$503$307$184$61
39 years$1,194$762$471$283$167$53
40 years$1,151$725$441$261$152$46
41 years$1,111$690$414$241$138$41
42 years$1,072$657$388$223$125$36
43 years$1,035$626$364$205$113$31
44 years$1,000$597$342$190$103$27
45 years$967$569$321$175$93$24
46 years$935$543$302$162$85$21
47 years$905$518$283$150$77$18
48 years$876$495$266$138$70$16
49 years$849$473$250$128$64$14
50 years$822$451$235$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $842,000, adding $4,210 every year, while hoping to spend $38,007 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: 41/47/12 Blend
50$842,000$842,000$842,000$842,000
51$932,227$887,601$874,550$966,975
52$986,875$890,654$863,408$994,874
53$1,045,823$892,583$850,619$1,020,960
54$1,109,470$893,293$836,088$1,048,356
55$1,178,253$892,682$819,714$1,077,195
56$1,252,655$890,643$801,395$1,107,630
57$1,333,203$887,062$781,019$1,139,830
58$1,420,480$881,818$758,473$1,173,984
59$1,515,125$874,783$733,638$1,210,304
60$1,617,841$865,820$706,388$1,249,023
61$1,729,401$854,786$676,592$1,290,406
62$1,850,656$841,527$644,114$1,334,742
63$1,982,543$825,881$608,812$1,382,359
64$2,126,090$807,677$570,535$1,433,617
65$2,282,430$786,733$529,127$1,488,921
66$2,452,811$762,856$484,426$1,548,718
67$2,638,605$735,842$436,261$1,613,507
68$2,841,321$705,477$384,454$1,683,841
69$3,062,622$671,531$328,819$1,760,337
70$3,304,337$633,764$269,163$1,843,679
71$3,568,481$591,920$205,281$1,934,625
72$3,857,271$545,730$136,964$2,034,018
73$4,173,150$494,907$63,989$2,142,794
74$4,518,805$439,151$0$2,261,990
75$4,897,196$378,143$0$2,394,536
76$5,311,584$311,546$0$2,548,786
77$5,765,557$239,004$0$2,717,988
78$6,263,071$160,141$0$2,903,740
79$6,808,477$74,561$0$3,107,815
80$7,406,572$0$0$3,332,172
81$8,062,637$0$0$3,588,369
82$8,782,489$0$0$3,911,896
83$9,572,537$0$0$4,267,084
84$10,439,837$0$0$4,657,122
85$11,392,166$0$0$5,085,519
86$12,438,087$0$0$5,556,144
87$13,587,036$0$0$6,073,258
88$14,849,406$0$0$6,641,554
89$16,236,647$0$0$7,266,205
90$17,761,374$0$0$7,952,907
91$19,437,483$0$0$8,707,937
92$21,280,286$0$0$9,538,212
93$23,306,650$0$0$10,451,349
94$25,535,160$0$0$11,455,744
95$27,986,292$0$0$12,560,646
96$30,682,606$0$0$13,776,244
97$33,648,957$0$0$15,113,768
98$36,912,733$0$0$16,585,588
99$40,504,110$0$0$18,205,336
100$44,456,334$0$0$19,988,030