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%15.3%
1 years$69,614$68,994$68,389$67,799$67,222$65,757
2 years$34,462$33,821$33,199$32,595$32,010$30,542
3 years$22,747$22,102$21,482$20,884$20,309$18,883
4 years$16,890$16,247$15,633$15,046$14,484$13,112
5 years$13,377$12,738$12,132$11,557$11,011$9,695
6 years$11,036$10,402$9,804$9,242$8,712$7,455
7 years$9,364$8,735$8,148$7,598$7,086$5,887
8 years$8,111$7,488$6,910$6,374$5,878$4,738
9 years$7,137$6,519$5,951$5,429$4,950$3,868
10 years$6,358$5,747$5,189$4,680$4,218$3,192
11 years$5,721$5,116$4,568$4,073$3,628$2,656
12 years$5,190$4,592$4,054$3,573$3,144$2,226
13 years$4,742$4,150$3,622$3,154$2,741$1,875
14 years$4,358$3,772$3,254$2,800$2,403$1,587
15 years$4,025$3,446$2,938$2,497$2,116$1,348
16 years$3,735$3,161$2,664$2,236$1,870$1,149
17 years$3,479$2,911$2,424$2,009$1,658$982
18 years$3,251$2,690$2,213$1,810$1,474$841
19 years$3,048$2,493$2,026$1,636$1,314$721
20 years$2,865$2,317$1,859$1,482$1,174$619
21 years$2,700$2,158$1,710$1,345$1,050$533
22 years$2,550$2,015$1,576$1,223$941$459
23 years$2,413$1,884$1,455$1,113$845$396
24 years$2,288$1,765$1,346$1,015$760$341
25 years$2,173$1,657$1,247$927$684$295
26 years$2,067$1,557$1,156$848$616$255
27 years$1,970$1,465$1,074$776$555$220
28 years$1,879$1,381$998$711$501$190
29 years$1,795$1,303$929$652$452$165
30 years$1,716$1,230$865$598$409$143
31 years$1,643$1,163$806$550$369$123
32 years$1,574$1,100$752$505$334$107
33 years$1,510$1,042$703$465$302$93
34 years$1,449$988$656$427$274$80
35 years$1,392$937$614$393$248$69
36 years$1,339$889$574$362$225$60
37 years$1,288$844$537$334$204$52
38 years$1,241$803$503$308$185$45
39 years$1,195$763$471$284$167$39
40 years$1,153$726$442$262$152$34
41 years$1,112$691$414$241$138$29
42 years$1,073$658$389$223$125$26
43 years$1,037$627$365$206$113$22
44 years$1,002$598$342$190$103$19
45 years$968$570$321$175$94$17
46 years$937$544$302$162$85$14
47 years$906$519$284$150$77$13
48 years$877$495$267$138$70$11
49 years$850$473$251$128$64$9
50 years$823$452$236$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $843,000, adding $4,660 every year, while hoping to spend $46,231 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: 67/19/14 Blend
50$843,000$843,000$843,000$843,000
51$933,793$889,114$876,047$993,025
52$979,850$883,491$856,205$1,027,486
53$1,029,056$876,043$834,149$1,059,268
54$1,081,683$866,632$809,756$1,092,851
55$1,138,028$855,111$782,897$1,128,407
56$1,198,421$841,325$753,438$1,166,127
57$1,263,219$825,110$721,238$1,206,224
58$1,332,818$806,290$686,149$1,248,932
59$1,407,649$784,682$648,019$1,294,513
60$1,488,188$760,090$606,686$1,343,255
61$1,574,956$732,308$561,983$1,395,477
62$1,668,526$701,115$513,734$1,451,534
63$1,769,527$666,282$461,756$1,511,818
64$1,878,651$627,561$405,857$1,576,763
65$1,996,658$584,696$345,837$1,646,849
66$2,124,382$537,411$281,488$1,722,609
67$2,262,742$485,418$212,591$1,804,631
68$2,412,748$428,409$138,919$1,893,567
69$2,575,509$366,062$60,233$1,990,139
70$2,752,247$298,035$0$2,095,143
71$2,944,304$223,966$0$2,213,007
72$3,153,158$143,476$0$2,350,996
73$3,380,433$56,159$0$2,501,220
74$3,627,919$0$0$2,664,915
75$3,897,583$0$0$2,851,475
76$4,191,590$0$0$3,067,725
77$4,512,325$0$0$3,303,683
78$4,862,410$0$0$3,561,284
79$5,244,733$0$0$3,842,661
80$5,662,474$0$0$4,150,158
81$6,119,131$0$0$4,486,361
82$6,618,559$0$0$4,854,112
83$7,165,000$0$0$5,256,543
84$7,763,125$0$0$5,697,102
85$8,418,078$0$0$6,179,586
86$9,135,525$0$0$6,708,178
87$9,921,704$0$0$7,287,481
88$10,783,485$0$0$7,922,569
89$11,728,436$0$0$8,619,025
90$12,764,890$0$0$9,383,003
91$13,902,027$0$0$10,221,280
92$15,149,959$0$0$11,141,319
93$16,519,822$0$0$12,151,342
94$18,023,885$0$0$13,260,406
95$19,675,662$0$0$14,478,487
96$21,490,041$0$0$15,816,577
97$23,483,422$0$0$17,286,783
98$25,673,871$0$0$18,902,443
99$28,081,293$0$0$20,678,250
100$30,727,616$0$0$22,630,394