Can I retire at age 51 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$69,779$69,158$68,551$67,959$67,381$65,329
2 years$34,544$33,901$33,277$32,673$32,086$30,036
3 years$22,801$22,155$21,533$20,934$20,357$18,373
4 years$16,930$16,286$15,670$15,082$14,519$12,617
5 years$13,409$12,768$12,161$11,584$11,037$9,222
6 years$11,062$10,426$9,828$9,264$8,733$7,007
7 years$9,386$8,756$8,167$7,616$7,102$5,464
8 years$8,130$7,506$6,926$6,389$5,892$4,342
9 years$7,153$6,535$5,965$5,442$4,962$3,497
10 years$6,373$5,760$5,201$4,691$4,228$2,847
11 years$5,734$5,128$4,579$4,083$3,636$2,336
12 years$5,203$4,603$4,064$3,581$3,151$1,929
13 years$4,753$4,159$3,630$3,162$2,748$1,602
14 years$4,368$3,781$3,262$2,807$2,409$1,335
15 years$4,035$3,454$2,945$2,503$2,121$1,117
16 years$3,744$3,169$2,670$2,241$1,874$937
17 years$3,487$2,918$2,430$2,014$1,662$788
18 years$3,259$2,697$2,218$1,815$1,478$664
19 years$3,055$2,499$2,031$1,640$1,317$560
20 years$2,872$2,322$1,864$1,485$1,176$473
21 years$2,706$2,163$1,714$1,348$1,053$400
22 years$2,556$2,019$1,580$1,225$944$339
23 years$2,419$1,889$1,459$1,116$847$287
24 years$2,294$1,770$1,349$1,018$761$243
25 years$2,179$1,661$1,249$930$685$207
26 years$2,072$1,561$1,159$850$617$175
27 years$1,974$1,469$1,076$778$556$149
28 years$1,883$1,384$1,000$713$502$126
29 years$1,799$1,306$931$654$453$107
30 years$1,720$1,233$867$600$410$91
31 years$1,647$1,166$808$551$370$78
32 years$1,578$1,103$754$506$335$66
33 years$1,513$1,045$704$466$303$56
34 years$1,453$990$658$428$274$48
35 years$1,396$939$615$394$249$41
36 years$1,342$891$575$363$225$35
37 years$1,291$846$539$335$204$29
38 years$1,244$804$504$308$185$25
39 years$1,198$765$473$284$168$21
40 years$1,155$728$443$262$152$18
41 years$1,115$693$415$242$138$15
42 years$1,076$660$390$223$125$13
43 years$1,039$629$366$206$114$11
44 years$1,004$599$343$190$103$9
45 years$971$571$322$176$94$8
46 years$939$545$303$162$85$7
47 years$908$520$284$150$77$6
48 years$879$497$267$139$70$5
49 years$852$474$251$128$64$4
50 years$825$453$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $845,000, adding $2,064 every year, while hoping to spend $40,541 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: 77/13/10 Blend
50$845,000$845,000$845,000$845,000
51$933,319$888,534$875,437$1,003,416
52$985,382$888,937$861,628$1,050,217
53$1,041,397$888,001$845,999$1,096,125
54$1,101,724$885,617$828,444$1,145,299
55$1,166,759$881,671$808,856$1,198,048
56$1,236,935$876,040$787,120$1,254,713
57$1,312,732$868,595$763,117$1,315,670
58$1,394,673$859,199$736,724$1,381,331
59$1,483,336$847,706$707,810$1,452,154
60$1,579,353$833,961$676,240$1,528,640
61$1,683,424$817,801$641,870$1,611,346
62$1,796,313$799,053$604,553$1,700,882
63$1,918,864$777,534$564,132$1,797,923
64$2,052,004$753,049$520,447$1,903,213
65$2,196,753$725,393$473,326$2,017,570
66$2,354,233$694,349$422,594$2,141,901
67$2,525,678$659,685$368,064$2,277,202
68$2,712,447$621,160$309,544$2,424,572
69$2,916,035$578,514$246,832$2,585,224
70$3,138,086$531,478$179,717$2,760,496
71$3,380,412$479,762$107,979$2,951,863
72$3,645,006$423,062$31,388$3,160,950
73$3,934,063$361,057$0$3,389,551
74$4,249,996$293,409$0$3,645,016
75$4,595,467$219,757$0$3,928,077
76$4,973,403$139,723$0$4,237,815
77$5,387,028$52,907$0$4,576,910
78$5,839,892$0$0$4,948,318
79$6,335,906$0$0$5,361,175
80$6,879,373$0$0$5,821,854
81$7,475,036$0$0$6,326,807
82$8,128,117$0$0$6,880,467
83$8,844,367$0$0$7,487,711
84$9,630,120$0$0$8,153,916
85$10,492,355$0$0$8,885,002
86$11,438,756$0$0$9,687,488
87$12,477,790$0$0$10,568,559
88$13,618,782$0$0$11,536,128
89$14,872,006$0$0$12,598,909
90$16,248,778$0$0$13,766,507
91$17,761,565$0$0$15,049,499
92$19,424,101$0$0$16,459,538
93$21,251,519$0$0$18,009,463
94$23,260,487$0$0$19,713,419
95$25,469,371$0$0$21,586,989
96$27,898,406$0$0$23,647,341
97$30,569,883$0$0$25,913,390
98$33,508,365$0$0$28,405,979
99$36,740,914$0$0$31,148,069
100$40,297,345$0$0$34,164,959