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%18.7%
1 years$69,862$69,240$68,632$68,040$67,461$65,094
2 years$34,585$33,941$33,317$32,711$32,124$29,764
3 years$22,828$22,181$21,558$20,959$20,381$18,102
4 years$16,950$16,305$15,689$15,099$14,536$12,355
5 years$13,425$12,784$12,175$11,598$11,050$8,974
6 years$11,075$10,439$9,839$9,275$8,743$6,773
7 years$9,397$8,766$8,177$7,625$7,111$5,246
8 years$8,140$7,514$6,934$6,397$5,899$4,139
9 years$7,162$6,543$5,973$5,449$4,968$3,310
10 years$6,380$5,767$5,207$4,697$4,233$2,674
11 years$5,741$5,134$4,584$4,088$3,640$2,177
12 years$5,209$4,608$4,068$3,585$3,155$1,784
13 years$4,759$4,164$3,635$3,165$2,751$1,469
14 years$4,373$3,785$3,266$2,810$2,411$1,214
15 years$4,040$3,458$2,949$2,506$2,123$1,007
16 years$3,748$3,173$2,673$2,244$1,877$838
17 years$3,491$2,922$2,433$2,016$1,664$698
18 years$3,263$2,700$2,221$1,817$1,479$583
19 years$3,059$2,502$2,033$1,642$1,319$487
20 years$2,875$2,325$1,866$1,487$1,178$408
21 years$2,710$2,166$1,716$1,349$1,054$342
22 years$2,559$2,022$1,582$1,227$945$287
23 years$2,422$1,891$1,460$1,117$848$241
24 years$2,296$1,772$1,351$1,019$762$202
25 years$2,181$1,663$1,251$931$686$170
26 years$2,075$1,563$1,160$851$618$143
27 years$1,977$1,471$1,077$779$557$120
28 years$1,886$1,386$1,002$714$503$101
29 years$1,801$1,307$932$654$454$85
30 years$1,722$1,235$868$601$410$72
31 years$1,648$1,167$809$552$371$60
32 years$1,580$1,104$755$507$335$51
33 years$1,515$1,046$705$466$304$43
34 years$1,454$991$659$429$275$36
35 years$1,397$940$616$395$249$30
36 years$1,344$892$576$364$226$25
37 years$1,293$847$539$335$204$21
38 years$1,245$805$505$309$185$18
39 years$1,200$766$473$285$168$15
40 years$1,157$729$443$263$152$13
41 years$1,116$694$416$242$138$11
42 years$1,077$661$390$224$125$9
43 years$1,040$629$366$206$114$8
44 years$1,005$600$344$191$103$6
45 years$972$572$323$176$94$5
46 years$940$546$303$163$85$5
47 years$909$521$285$150$77$4
48 years$880$497$268$139$70$3
49 years$853$475$251$128$64$3
50 years$826$454$236$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $846,000, adding $6,474 every year, while hoping to spend $43,498 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: 43/33/24 Blend
50$846,000$846,000$846,000$846,000
51$938,970$894,132$881,019$972,535
52$988,463$891,663$864,252$994,579
53$1,041,547$887,615$845,465$1,013,772
54$1,098,542$881,865$824,544$1,033,702
55$1,159,799$874,282$801,372$1,054,462
56$1,225,704$864,727$775,824$1,076,157
57$1,296,681$853,054$747,769$1,098,902
58$1,373,195$839,107$717,072$1,122,833
59$1,455,758$822,720$683,591$1,148,098
60$1,544,930$803,718$647,177$1,174,867
61$1,641,330$781,917$607,674$1,203,329
62$1,745,636$757,121$564,921$1,233,698
63$1,858,592$729,122$518,747$1,266,214
64$1,981,020$697,700$468,977$1,301,145
65$2,113,820$662,623$415,423$1,338,791
66$2,257,984$623,646$357,894$1,379,491
67$2,414,601$580,508$296,187$1,423,620
68$2,584,873$532,935$230,092$1,471,601
69$2,770,118$480,637$159,387$1,523,902
70$2,971,787$423,305$83,844$1,581,049
71$3,191,479$360,617$3,223$1,643,628
72$3,430,952$292,229$0$1,712,290
73$3,692,140$217,779$0$1,808,970
74$3,977,173$136,885$0$1,915,530
75$4,288,395$49,143$0$2,032,113
76$4,628,387$0$0$2,159,794
77$4,999,989$0$0$2,316,421
78$5,406,328$0$0$2,507,303
79$5,850,849$0$0$2,716,226
80$6,337,343$0$0$2,944,984
81$6,869,985$0$0$3,195,554
82$7,453,374$0$0$3,470,113
83$8,092,571$0$0$3,771,058
84$8,793,153$0$0$4,101,030
85$9,561,261$0$0$4,462,936
86$10,403,660$0$0$4,859,981
87$11,327,799$0$0$5,295,691
88$12,341,883$0$0$5,773,954
89$13,454,951$0$0$6,299,050
90$14,676,959$0$0$6,875,694
91$16,018,874$0$0$7,509,081
92$17,492,779$0$0$8,204,935
93$19,111,980$0$0$8,969,557
94$20,891,141$0$0$9,809,895
95$22,846,413$0$0$10,733,598
96$24,995,591$0$0$11,749,097
97$27,358,278$0$0$12,865,678
98$29,956,073$0$0$14,093,572
99$32,812,772$0$0$15,444,053
100$35,954,591$0$0$16,929,540