Can I retire at age 51 with 845,000?

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 $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%18.7%
1 years$69,779$69,158$68,551$67,959$67,381$65,017
2 years$34,544$33,901$33,277$32,673$32,086$29,729
3 years$22,801$22,155$21,533$20,934$20,357$18,080
4 years$16,930$16,286$15,670$15,082$14,519$12,341
5 years$13,409$12,768$12,161$11,584$11,037$8,963
6 years$11,062$10,426$9,828$9,264$8,733$6,765
7 years$9,386$8,756$8,167$7,616$7,102$5,240
8 years$8,130$7,506$6,926$6,389$5,892$4,134
9 years$7,153$6,535$5,965$5,442$4,962$3,306
10 years$6,373$5,760$5,201$4,691$4,228$2,671
11 years$5,734$5,128$4,579$4,083$3,636$2,175
12 years$5,203$4,603$4,064$3,581$3,151$1,782
13 years$4,753$4,159$3,630$3,162$2,748$1,467
14 years$4,368$3,781$3,262$2,807$2,409$1,213
15 years$4,035$3,454$2,945$2,503$2,121$1,006
16 years$3,744$3,169$2,670$2,241$1,874$837
17 years$3,487$2,918$2,430$2,014$1,662$697
18 years$3,259$2,697$2,218$1,815$1,478$582
19 years$3,055$2,499$2,031$1,640$1,317$487
20 years$2,872$2,322$1,864$1,485$1,176$408
21 years$2,706$2,163$1,714$1,348$1,053$342
22 years$2,556$2,019$1,580$1,225$944$286
23 years$2,419$1,889$1,459$1,116$847$240
24 years$2,294$1,770$1,349$1,018$761$202
25 years$2,179$1,661$1,249$930$685$170
26 years$2,072$1,561$1,159$850$617$143
27 years$1,974$1,469$1,076$778$556$120
28 years$1,883$1,384$1,000$713$502$101
29 years$1,799$1,306$931$654$453$85
30 years$1,720$1,233$867$600$410$71
31 years$1,647$1,166$808$551$370$60
32 years$1,578$1,103$754$506$335$51
33 years$1,513$1,045$704$466$303$43
34 years$1,453$990$658$428$274$36
35 years$1,396$939$615$394$249$30
36 years$1,342$891$575$363$225$25
37 years$1,291$846$539$335$204$21
38 years$1,244$804$504$308$185$18
39 years$1,198$765$473$284$168$15
40 years$1,155$728$443$262$152$13
41 years$1,115$693$415$242$138$11
42 years$1,076$660$390$223$125$9
43 years$1,039$629$366$206$114$8
44 years$1,004$599$343$190$103$6
45 years$971$571$322$176$94$5
46 years$939$545$303$162$85$5
47 years$908$520$284$150$77$4
48 years$879$497$267$139$70$3
49 years$852$474$251$128$64$3
50 years$825$453$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 $845,000, adding $6,166 every year, while hoping to spend $22,797 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: 46/24/30 Blend
50$845,000$845,000$845,000$845,000
51$937,550$892,765$879,668$972,329
52$1,008,925$912,255$884,881$1,017,138
53$1,086,815$931,935$889,504$1,063,063
54$1,171,862$951,792$893,495$1,112,465
55$1,264,771$971,809$896,806$1,165,685
56$1,366,318$991,968$899,389$1,223,095
57$1,477,358$1,012,250$901,194$1,285,109
58$1,598,832$1,032,634$902,168$1,352,181
59$1,731,776$1,053,096$902,253$1,424,814
60$1,877,330$1,073,611$901,392$1,503,562
61$2,036,752$1,094,152$899,523$1,589,035
62$2,211,426$1,114,690$896,582$1,681,909
63$2,402,873$1,135,193$892,500$1,782,925
64$2,612,774$1,155,625$887,206$1,892,905
65$2,842,976$1,175,950$880,627$2,012,752
66$3,095,516$1,196,127$872,684$2,143,465
67$3,372,635$1,216,113$863,295$2,286,144
68$3,676,803$1,235,862$852,375$2,442,003
69$4,010,741$1,255,324$839,834$2,612,380
70$4,377,447$1,274,445$825,578$2,798,754
71$4,780,222$1,293,168$809,510$3,002,752
72$5,222,702$1,311,431$791,526$3,226,170
73$5,708,894$1,329,167$771,519$3,470,991
74$6,243,213$1,346,308$749,376$3,739,398
75$6,830,520$1,362,777$724,980$4,033,802
76$7,476,173$1,378,493$698,207$4,356,860
77$8,186,075$1,393,371$668,929$4,711,501
78$8,966,727$1,407,319$637,011$5,100,959
79$9,825,295$1,420,240$602,312$5,528,797
80$10,769,672$1,432,028$564,686$5,998,943
81$11,808,554$1,442,573$523,979$6,515,732
82$12,951,524$1,451,756$480,030$7,083,941
83$14,209,140$1,459,452$432,671$7,708,839
84$15,593,034$1,465,527$381,727$8,396,234
85$17,116,023$1,469,839$327,015$9,152,532
86$18,792,232$1,472,235$268,345$9,984,794
87$20,637,221$1,472,555$205,515$10,900,807
88$22,668,136$1,470,629$138,319$11,909,154
89$24,903,871$1,466,275$66,538$13,019,302
90$27,365,244$1,459,301$0$14,241,683
91$30,075,194$1,449,502$0$15,591,023
92$33,058,998$1,436,662$0$17,099,723
93$36,344,508$1,420,550$0$18,760,520
94$39,962,415$1,400,925$0$20,588,911
95$43,946,538$1,377,526$0$22,601,973
96$48,334,142$1,350,082$0$24,818,528
97$53,166,291$1,318,303$0$27,259,319
98$58,488,234$1,281,881$0$29,947,204
99$64,349,833$1,240,493$0$32,907,378
100$70,806,033$1,193,794$0$36,167,606