Can I retire at age 51 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$69,862$69,240$68,632$68,040$67,461$65,750
2 years$34,585$33,941$33,317$32,711$32,124$30,412
3 years$22,828$22,181$21,558$20,959$20,381$18,720
4 years$16,950$16,305$15,689$15,099$14,536$12,940
5 years$13,425$12,784$12,175$11,598$11,050$9,523
6 years$11,075$10,439$9,839$9,275$8,743$7,287
7 years$9,397$8,766$8,177$7,625$7,111$5,725
8 years$8,140$7,514$6,934$6,397$5,899$4,583
9 years$7,162$6,543$5,973$5,449$4,968$3,721
10 years$6,380$5,767$5,207$4,697$4,233$3,054
11 years$5,741$5,134$4,584$4,088$3,640$2,527
12 years$5,209$4,608$4,068$3,585$3,155$2,105
13 years$4,759$4,164$3,635$3,165$2,751$1,763
14 years$4,373$3,785$3,266$2,810$2,411$1,483
15 years$4,040$3,458$2,949$2,506$2,123$1,252
16 years$3,748$3,173$2,673$2,244$1,877$1,060
17 years$3,491$2,922$2,433$2,016$1,664$900
18 years$3,263$2,700$2,221$1,817$1,479$765
19 years$3,059$2,502$2,033$1,642$1,319$652
20 years$2,875$2,325$1,866$1,487$1,178$556
21 years$2,710$2,166$1,716$1,349$1,054$475
22 years$2,559$2,022$1,582$1,227$945$407
23 years$2,422$1,891$1,460$1,117$848$348
24 years$2,296$1,772$1,351$1,019$762$298
25 years$2,181$1,663$1,251$931$686$256
26 years$2,075$1,563$1,160$851$618$219
27 years$1,977$1,471$1,077$779$557$188
28 years$1,886$1,386$1,002$714$503$162
29 years$1,801$1,307$932$654$454$139
30 years$1,722$1,235$868$601$410$119
31 years$1,648$1,167$809$552$371$102
32 years$1,580$1,104$755$507$335$88
33 years$1,515$1,046$705$466$304$76
34 years$1,454$991$659$429$275$65
35 years$1,397$940$616$395$249$56
36 years$1,344$892$576$364$226$48
37 years$1,293$847$539$335$204$41
38 years$1,245$805$505$309$185$36
39 years$1,200$766$473$285$168$31
40 years$1,157$729$443$263$152$26
41 years$1,116$694$416$242$138$23
42 years$1,077$661$390$224$125$19
43 years$1,040$629$366$206$114$17
44 years$1,005$600$344$191$103$14
45 years$972$572$323$176$94$12
46 years$940$546$303$163$85$11
47 years$909$521$285$150$77$9
48 years$880$497$268$139$70$8
49 years$853$475$251$128$64$7
50 years$826$454$236$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $846,000, adding $2,641 every year, while hoping to spend $31,287 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: 41/48/11 Blend
50$846,000$846,000$846,000$846,000
51$935,016$890,178$877,065$970,203
52$997,099$900,508$873,158$1,005,496
53$1,064,465$910,295$868,071$1,040,355
54$1,137,621$919,480$861,732$1,077,387
55$1,217,123$927,999$854,065$1,116,803
56$1,303,584$935,786$844,990$1,158,836
57$1,397,677$942,766$834,424$1,203,744
58$1,500,142$948,864$822,280$1,251,815
59$1,611,796$953,998$808,466$1,303,364
60$1,733,536$958,080$792,886$1,358,743
61$1,866,349$961,019$775,440$1,418,339
62$2,011,323$962,715$756,024$1,482,584
63$2,169,654$963,064$734,527$1,551,952
64$2,342,661$961,956$710,835$1,626,970
65$2,531,792$959,272$684,828$1,708,221
66$2,738,646$954,887$656,381$1,796,348
67$2,964,980$948,669$625,362$1,892,064
68$3,212,730$940,476$591,633$1,996,158
69$3,484,028$930,159$555,053$2,109,502
70$3,781,223$917,560$515,471$2,233,059
71$4,106,898$902,512$472,730$2,367,896
72$4,463,902$884,835$426,667$2,515,191
73$4,855,371$864,343$377,111$2,676,247
74$5,284,758$840,835$323,884$2,852,503
75$5,755,868$814,101$266,798$3,045,553
76$6,272,892$783,917$205,661$3,257,153
77$6,840,444$750,046$140,268$3,489,248
78$7,463,610$712,239$70,408$3,743,986
79$8,147,990$670,231$0$4,023,737
80$8,899,755$623,741$0$4,331,610
81$9,725,700$572,475$0$4,678,864
82$10,633,314$516,119$0$5,060,451
83$11,630,846$454,343$0$5,479,931
84$12,727,384$386,797$0$5,941,236
85$13,932,940$313,113$0$6,448,702
86$15,258,544$232,900$0$7,007,117
87$16,716,350$145,746$0$7,621,765
88$18,319,747$51,217$0$8,298,476
89$20,083,488$0$0$9,043,685
90$22,023,827$0$0$9,891,505
91$24,158,673$0$0$10,854,204
92$26,507,759$0$0$11,913,641
93$29,092,826$0$0$13,079,638
94$31,937,830$0$0$14,363,018
95$35,069,166$0$0$15,775,703
96$38,515,920$0$0$17,330,834
97$42,310,138$0$0$19,042,888
98$46,487,132$0$0$20,927,817
99$51,085,813$0$0$23,003,199
100$56,149,055$0$0$25,288,403