Can I retire at age 51 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$69,697$69,076$68,470$67,879$67,302$66,544
2 years$34,503$33,861$33,238$32,634$32,048$31,285
3 years$22,774$22,128$21,507$20,909$20,333$19,588
4 years$16,910$16,267$15,652$15,064$14,502$13,781
5 years$13,393$12,753$12,146$11,570$11,024$10,330
6 years$11,049$10,414$9,816$9,253$8,723$8,056
7 years$9,375$8,746$8,157$7,607$7,094$6,455
8 years$8,120$7,497$6,918$6,382$5,885$5,274
9 years$7,145$6,527$5,958$5,436$4,956$4,372
10 years$6,365$5,753$5,195$4,686$4,223$3,666
11 years$5,728$5,122$4,573$4,078$3,632$3,101
12 years$5,197$4,597$4,059$3,577$3,147$2,642
13 years$4,748$4,154$3,626$3,158$2,744$2,265
14 years$4,363$3,776$3,258$2,803$2,406$1,951
15 years$4,030$3,450$2,942$2,500$2,118$1,687
16 years$3,739$3,165$2,667$2,238$1,872$1,464
17 years$3,483$2,915$2,427$2,011$1,660$1,274
18 years$3,255$2,693$2,215$1,813$1,476$1,112
19 years$3,051$2,496$2,028$1,638$1,316$972
20 years$2,868$2,320$1,861$1,483$1,175$851
21 years$2,703$2,161$1,712$1,346$1,052$747
22 years$2,553$2,017$1,578$1,224$943$656
23 years$2,416$1,886$1,457$1,115$846$577
24 years$2,291$1,767$1,347$1,017$760$508
25 years$2,176$1,659$1,248$929$684$448
26 years$2,070$1,559$1,157$849$616$395
27 years$1,972$1,467$1,075$777$556$349
28 years$1,881$1,382$999$712$501$308
29 years$1,797$1,304$930$653$453$272
30 years$1,718$1,232$866$599$409$241
31 years$1,645$1,164$807$550$370$213
32 years$1,576$1,102$753$506$335$188
33 years$1,511$1,043$703$465$303$167
34 years$1,451$989$657$428$274$148
35 years$1,394$938$614$394$248$131
36 years$1,340$890$575$363$225$116
37 years$1,290$845$538$334$204$103
38 years$1,242$803$504$308$185$91
39 years$1,197$764$472$284$168$81
40 years$1,154$727$442$262$152$71
41 years$1,113$692$415$242$138$63
42 years$1,075$659$389$223$125$56
43 years$1,038$628$365$206$114$50
44 years$1,003$599$343$190$103$44
45 years$969$571$322$176$94$39
46 years$938$544$302$162$85$35
47 years$907$520$284$150$77$31
48 years$878$496$267$138$70$27
49 years$851$474$251$128$64$24
50 years$824$452$236$118$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $844,000, adding $6,268 every year, while hoping to spend $49,530 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: 61/29/10 Blend
50$844,000$844,000$844,000$844,000
51$936,553$891,821$878,739$991,173
52$979,382$882,821$855,478$1,019,541
53$1,024,920$871,720$829,777$1,044,252
54$1,073,390$858,362$801,502$1,069,985
55$1,125,037$842,584$770,514$1,096,842
56$1,180,131$824,210$736,667$1,124,935
57$1,238,965$803,057$699,806$1,154,390
58$1,301,862$778,929$659,771$1,185,347
59$1,369,174$751,619$616,396$1,217,965
60$1,441,290$720,909$569,505$1,252,418
61$1,518,634$686,566$518,916$1,288,904
62$1,601,673$648,346$464,438$1,327,643
63$1,690,918$605,989$405,871$1,368,877
64$1,786,931$559,222$343,007$1,412,881
65$1,890,329$507,755$275,629$1,459,959
66$2,001,789$451,281$203,509$1,510,450
67$2,122,055$389,478$126,411$1,564,730
68$2,251,945$322,003$44,086$1,623,221
69$2,392,358$248,495$0$1,686,390
70$2,544,279$168,572$0$1,759,426
71$2,708,796$81,833$0$1,843,562
72$2,887,101$0$0$1,934,762
73$3,080,507$0$0$2,037,647
74$3,290,455$0$0$2,177,735
75$3,518,535$0$0$2,329,978
76$3,766,490$0$0$2,495,548
77$4,036,243$0$0$2,675,736
78$4,329,906$0$0$2,871,960
79$4,649,804$0$0$3,085,784
80$4,998,497$0$0$3,318,925
81$5,378,801$0$0$3,573,276
82$5,793,814$0$0$3,850,919
83$6,246,951$0$0$4,154,146
84$6,741,965$0$0$4,485,482
85$7,282,992$0$0$4,847,703
86$7,874,585$0$0$5,243,869
87$8,521,754$0$0$5,677,348
88$9,230,020$0$0$6,151,847
89$10,005,459$0$0$6,671,451
90$10,854,763$0$0$7,240,656
91$11,785,302$0$0$7,864,414
92$12,805,191$0$0$8,548,180
93$13,923,369$0$0$9,297,961
94$15,149,681$0$0$10,120,371
95$16,494,970$0$0$11,022,700
96$17,971,179$0$0$12,012,972
97$19,591,463$0$0$13,100,030
98$21,370,314$0$0$14,293,612
99$23,323,695$0$0$15,604,447
100$25,469,188$0$0$17,044,354