Can I retire at age 51 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$69,614$68,994$68,389$67,799$67,222$64,914
2 years$34,462$33,821$33,199$32,595$32,010$29,709
3 years$22,747$22,102$21,482$20,884$20,309$18,086
4 years$16,890$16,247$15,633$15,046$14,484$12,357
5 years$13,377$12,738$12,132$11,557$11,011$8,985
6 years$11,036$10,402$9,804$9,242$8,712$6,789
7 years$9,364$8,735$8,148$7,598$7,086$5,264
8 years$8,111$7,488$6,910$6,374$5,878$4,158
9 years$7,137$6,519$5,951$5,429$4,950$3,329
10 years$6,358$5,747$5,189$4,680$4,218$2,693
11 years$5,721$5,116$4,568$4,073$3,628$2,195
12 years$5,190$4,592$4,054$3,573$3,144$1,801
13 years$4,742$4,150$3,622$3,154$2,741$1,485
14 years$4,358$3,772$3,254$2,800$2,403$1,230
15 years$4,025$3,446$2,938$2,497$2,116$1,021
16 years$3,735$3,161$2,664$2,236$1,870$851
17 years$3,479$2,911$2,424$2,009$1,658$710
18 years$3,251$2,690$2,213$1,810$1,474$594
19 years$3,048$2,493$2,026$1,636$1,314$497
20 years$2,865$2,317$1,859$1,482$1,174$417
21 years$2,700$2,158$1,710$1,345$1,050$350
22 years$2,550$2,015$1,576$1,223$941$294
23 years$2,413$1,884$1,455$1,113$845$247
24 years$2,288$1,765$1,346$1,015$760$208
25 years$2,173$1,657$1,247$927$684$175
26 years$2,067$1,557$1,156$848$616$147
27 years$1,970$1,465$1,074$776$555$124
28 years$1,879$1,381$998$711$501$105
29 years$1,795$1,303$929$652$452$88
30 years$1,716$1,230$865$598$409$74
31 years$1,643$1,163$806$550$369$63
32 years$1,574$1,100$752$505$334$53
33 years$1,510$1,042$703$465$302$45
34 years$1,449$988$656$427$274$38
35 years$1,392$937$614$393$248$32
36 years$1,339$889$574$362$225$27
37 years$1,288$844$537$334$204$23
38 years$1,241$803$503$308$185$19
39 years$1,195$763$471$284$167$16
40 years$1,153$726$442$262$152$14
41 years$1,112$691$414$241$138$11
42 years$1,073$658$389$223$125$10
43 years$1,037$627$365$206$113$8
44 years$1,002$598$342$190$103$7
45 years$968$570$321$175$94$6
46 years$937$544$302$162$85$5
47 years$906$519$284$150$77$4
48 years$877$495$267$138$70$3
49 years$850$473$251$128$64$3
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $843,000, adding $6,824 every year, while hoping to spend $24,103 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: 48/30/22 Blend
50$843,000$843,000$843,000$843,000
51$936,025$891,346$878,279$974,821
52$1,005,854$909,377$882,056$1,020,612
53$1,081,998$927,483$885,152$1,067,348
54$1,165,075$945,643$887,518$1,117,605
55$1,255,767$963,833$889,104$1,171,724
56$1,354,822$982,029$889,856$1,230,080
57$1,463,067$1,000,201$889,719$1,293,090
58$1,581,410$1,018,320$888,634$1,361,211
59$1,710,850$1,036,354$886,540$1,434,948
60$1,852,489$1,054,268$883,372$1,514,858
61$2,007,541$1,072,025$879,062$1,601,555
62$2,177,339$1,089,584$873,540$1,695,718
63$2,363,356$1,106,901$866,732$1,798,093
64$2,567,210$1,123,931$858,559$1,909,506
65$2,790,685$1,140,623$848,940$2,030,864
66$3,035,745$1,156,924$837,791$2,163,172
67$3,304,555$1,172,777$825,020$2,307,536
68$3,599,496$1,188,120$810,535$2,465,175
69$3,923,195$1,202,889$794,239$2,637,435
70$4,278,543$1,217,012$776,027$2,825,800
71$4,668,724$1,230,415$755,794$3,031,909
72$5,097,248$1,243,019$733,427$3,257,565
73$5,567,978$1,254,739$708,808$3,504,760
74$6,085,174$1,265,483$681,815$3,775,690
75$6,653,526$1,275,156$652,320$4,072,776
76$7,278,201$1,283,653$620,188$4,398,689
77$7,964,892$1,290,867$585,279$4,756,375
78$8,719,872$1,296,680$547,447$5,149,081
79$9,550,050$1,300,969$506,537$5,580,389
80$10,463,040$1,303,601$462,391$6,054,248
81$11,467,230$1,304,438$414,841$6,575,013
82$12,571,861$1,303,329$363,712$7,147,486
83$13,787,117$1,300,118$308,823$7,776,962
84$15,124,216$1,294,637$249,981$8,469,280
85$16,595,519$1,286,707$186,989$9,230,878
86$18,214,648$1,276,142$119,639$10,068,853
87$19,996,608$1,262,739$47,713$10,991,032
88$21,957,937$1,246,288$0$12,006,044
89$24,116,854$1,226,564$0$13,130,220
90$26,493,436$1,203,328$0$14,379,626
91$29,109,804$1,176,328$0$15,754,673
92$31,990,333$1,145,298$0$17,268,169
93$35,161,884$1,109,954$0$18,934,233
94$38,654,051$1,069,997$0$20,768,425
95$42,499,448$1,025,110$0$22,787,896
96$46,734,010$974,959$0$25,011,548
97$51,397,335$919,188$0$27,460,214
98$56,533,057$857,422$0$30,156,859
99$62,189,259$789,266$0$33,126,788
100$68,418,923$714,300$0$36,397,897