Can I retire at age 51 with 844,000?

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 $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%12.2%
1 years$69,697$69,076$68,470$67,879$67,302$66,682
2 years$34,503$33,861$33,238$32,634$32,048$31,424
3 years$22,774$22,128$21,507$20,909$20,333$19,723
4 years$16,910$16,267$15,652$15,064$14,502$13,911
5 years$13,393$12,753$12,146$11,570$11,024$10,455
6 years$11,049$10,414$9,816$9,253$8,723$8,176
7 years$9,375$8,746$8,157$7,607$7,094$6,569
8 years$8,120$7,497$6,918$6,382$5,885$5,382
9 years$7,145$6,527$5,958$5,436$4,956$4,475
10 years$6,365$5,753$5,195$4,686$4,223$3,763
11 years$5,728$5,122$4,573$4,078$3,632$3,193
12 years$5,197$4,597$4,059$3,577$3,147$2,730
13 years$4,748$4,154$3,626$3,158$2,744$2,347
14 years$4,363$3,776$3,258$2,803$2,406$2,028
15 years$4,030$3,450$2,942$2,500$2,118$1,760
16 years$3,739$3,165$2,667$2,238$1,872$1,533
17 years$3,483$2,915$2,427$2,011$1,660$1,339
18 years$3,255$2,693$2,215$1,813$1,476$1,172
19 years$3,051$2,496$2,028$1,638$1,316$1,029
20 years$2,868$2,320$1,861$1,483$1,175$904
21 years$2,703$2,161$1,712$1,346$1,052$796
22 years$2,553$2,017$1,578$1,224$943$702
23 years$2,416$1,886$1,457$1,115$846$620
24 years$2,291$1,767$1,347$1,017$760$548
25 years$2,176$1,659$1,248$929$684$485
26 years$2,070$1,559$1,157$849$616$429
27 years$1,972$1,467$1,075$777$556$381
28 years$1,881$1,382$999$712$501$337
29 years$1,797$1,304$930$653$453$299
30 years$1,718$1,232$866$599$409$266
31 years$1,645$1,164$807$550$370$236
32 years$1,576$1,102$753$506$335$210
33 years$1,511$1,043$703$465$303$186
34 years$1,451$989$657$428$274$166
35 years$1,394$938$614$394$248$147
36 years$1,340$890$575$363$225$131
37 years$1,290$845$538$334$204$117
38 years$1,242$803$504$308$185$104
39 years$1,197$764$472$284$168$92
40 years$1,154$727$442$262$152$82
41 years$1,113$692$415$242$138$73
42 years$1,075$659$389$223$125$65
43 years$1,038$628$365$206$114$58
44 years$1,003$599$343$190$103$52
45 years$969$571$322$176$94$46
46 years$938$544$302$162$85$41
47 years$907$520$284$150$77$37
48 years$878$496$267$138$70$33
49 years$851$474$251$128$64$29
50 years$824$452$236$118$58$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $844,000, adding $5,375 every year, while hoping to spend $20,205 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: 84/7/9 Blend
50$844,000$844,000$844,000$844,000
51$935,632$890,900$877,818$1,012,654
52$1,009,569$913,056$885,727$1,085,950
53$1,090,370$935,621$893,224$1,163,162
54$1,178,714$958,593$900,273$1,247,347
55$1,275,348$981,970$906,838$1,339,194
56$1,381,097$1,005,749$912,880$1,439,459
57$1,496,864$1,029,926$918,357$1,548,979
58$1,623,650$1,054,498$923,228$1,668,671
59$1,762,551$1,079,458$927,445$1,799,550
60$1,914,780$1,104,800$930,963$1,942,731
61$2,081,668$1,130,515$933,730$2,099,441
62$2,264,683$1,156,595$935,695$2,271,035
63$2,465,442$1,183,030$936,803$2,459,003
64$2,685,726$1,209,808$936,995$2,664,987
65$2,927,497$1,236,915$936,210$2,890,797
66$3,192,915$1,264,337$934,387$3,138,427
67$3,484,360$1,292,057$931,456$3,410,071
68$3,804,454$1,320,057$927,349$3,708,149
69$4,156,085$1,348,317$921,993$4,035,326
70$4,542,435$1,376,814$915,309$4,394,540
71$4,967,010$1,405,524$907,219$4,789,025
72$5,433,671$1,434,421$897,636$5,222,346
73$5,946,672$1,463,474$886,473$5,698,432
74$6,510,700$1,492,652$873,638$6,221,610
75$7,130,919$1,521,919$859,032$6,796,648
76$7,813,018$1,551,239$842,556$7,428,802
77$8,563,267$1,580,570$824,102$8,123,860
78$9,388,570$1,609,868$803,559$8,888,203
79$10,296,537$1,639,085$780,811$9,728,859
80$11,295,552$1,668,168$755,737$10,653,575
81$12,394,854$1,697,064$728,209$11,670,886
82$13,604,619$1,725,710$698,094$12,790,197
83$14,936,063$1,754,043$665,254$14,021,873
84$16,401,544$1,781,993$629,542$15,377,332
85$18,014,676$1,809,486$590,806$16,869,161
86$19,790,464$1,836,441$548,889$18,511,226
87$21,745,438$1,862,774$503,624$20,318,809
88$23,897,814$1,888,391$454,837$22,308,749
89$26,267,665$1,913,196$402,347$24,499,601
90$28,877,106$1,937,082$345,966$26,911,816
91$31,750,511$1,959,939$285,495$29,567,925
92$34,914,733$1,981,646$220,729$32,492,761
93$38,399,363$2,002,074$151,451$35,713,686
94$42,237,011$2,021,089$77,438$39,260,854
95$46,463,608$2,038,544$0$43,167,495
96$51,118,748$2,054,285$0$47,470,374
97$56,246,062$2,068,146$0$52,217,642
98$61,893,628$2,079,953$0$57,446,345
99$68,114,425$2,089,517$0$63,205,512
100$74,966,834$2,096,641$0$69,549,170