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%17.4%
1 years$69,862$69,240$68,632$68,040$67,461$65,433
2 years$34,585$33,941$33,317$32,711$32,124$30,098
3 years$22,828$22,181$21,558$20,959$20,381$18,420
4 years$16,950$16,305$15,689$15,099$14,536$12,655
5 years$13,425$12,784$12,175$11,598$11,050$9,255
6 years$11,075$10,439$9,839$9,275$8,743$7,036
7 years$9,397$8,766$8,177$7,625$7,111$5,490
8 years$8,140$7,514$6,934$6,397$5,899$4,364
9 years$7,162$6,543$5,973$5,449$4,968$3,518
10 years$6,380$5,767$5,207$4,697$4,233$2,865
11 years$5,741$5,134$4,584$4,088$3,640$2,353
12 years$5,209$4,608$4,068$3,585$3,155$1,944
13 years$4,759$4,164$3,635$3,165$2,751$1,615
14 years$4,373$3,785$3,266$2,810$2,411$1,348
15 years$4,040$3,458$2,949$2,506$2,123$1,128
16 years$3,748$3,173$2,673$2,244$1,877$947
17 years$3,491$2,922$2,433$2,016$1,664$797
18 years$3,263$2,700$2,221$1,817$1,479$672
19 years$3,059$2,502$2,033$1,642$1,319$567
20 years$2,875$2,325$1,866$1,487$1,178$480
21 years$2,710$2,166$1,716$1,349$1,054$406
22 years$2,559$2,022$1,582$1,227$945$344
23 years$2,422$1,891$1,460$1,117$848$292
24 years$2,296$1,772$1,351$1,019$762$248
25 years$2,181$1,663$1,251$931$686$210
26 years$2,075$1,563$1,160$851$618$179
27 years$1,977$1,471$1,077$779$557$152
28 years$1,886$1,386$1,002$714$503$129
29 years$1,801$1,307$932$654$454$110
30 years$1,722$1,235$868$601$410$93
31 years$1,648$1,167$809$552$371$79
32 years$1,580$1,104$755$507$335$68
33 years$1,515$1,046$705$466$304$57
34 years$1,454$991$659$429$275$49
35 years$1,397$940$616$395$249$42
36 years$1,344$892$576$364$226$35
37 years$1,293$847$539$335$204$30
38 years$1,245$805$505$309$185$26
39 years$1,200$766$473$285$168$22
40 years$1,157$729$443$263$152$19
41 years$1,116$694$416$242$138$16
42 years$1,077$661$390$224$125$14
43 years$1,040$629$366$206$114$12
44 years$1,005$600$344$191$103$10
45 years$972$572$323$176$94$8
46 years$940$546$303$163$85$7
47 years$909$521$285$150$77$6
48 years$880$497$268$139$70$5
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $846,000, adding $4,752 every year, while hoping to spend $45,325 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: 40/33/27 Blend
50$846,000$846,000$846,000$846,000
51$937,194$892,356$879,243$967,046
52$984,562$887,856$860,472$984,638
53$1,035,243$881,616$839,553$999,081
54$1,089,526$873,504$816,367$1,013,834
55$1,147,730$863,378$790,787$1,028,954
56$1,210,203$851,088$762,683$1,044,506
57$1,277,329$836,477$731,919$1,060,566
58$1,349,528$819,375$698,349$1,077,221
59$1,427,261$799,606$661,825$1,094,571
60$1,511,036$776,981$622,191$1,112,732
61$1,601,409$751,300$579,281$1,131,833
62$1,698,992$722,353$532,926$1,152,024
63$1,804,456$689,916$482,947$1,173,474
64$1,918,542$653,752$429,156$1,196,375
65$2,042,060$613,613$371,359$1,220,945
66$2,175,903$569,233$309,353$1,247,428
67$2,321,054$520,334$242,925$1,276,101
68$2,478,590$466,619$171,852$1,307,276
69$2,649,701$407,778$95,903$1,341,304
70$2,835,690$343,479$14,836$1,378,578
71$3,037,996$273,376$0$1,419,542
72$3,258,199$197,098$0$1,485,341
73$3,498,038$114,258$0$1,561,783
74$3,759,427$24,446$0$1,645,292
75$4,044,472$0$0$1,736,646
76$4,355,491$0$0$1,863,132
77$4,695,036$0$0$2,011,016
78$5,065,917$0$0$2,172,655
79$5,471,225$0$0$2,349,412
80$5,914,365$0$0$2,542,786
81$6,399,085$0$0$2,754,426
82$6,929,512$0$0$2,986,150
83$7,510,191$0$0$3,239,960
84$8,146,127$0$0$3,518,058
85$8,842,829$0$0$3,822,873
86$9,606,367$0$0$4,157,077
87$10,443,426$0$0$4,523,614
88$11,361,367$0$0$4,925,727
89$12,368,299$0$0$5,366,988
90$13,473,152$0$0$5,851,331
91$14,685,763$0$0$6,383,089
92$16,016,968$0$0$6,967,037
93$17,478,705$0$0$7,608,434
94$19,084,120$0$0$8,313,071
95$20,847,699$0$0$9,087,332
96$22,785,399$0$0$9,938,246
97$24,914,798$0$0$10,873,560
98$27,255,263$0$0$11,901,807
99$29,828,128$0$0$13,032,389
100$32,656,900$0$0$14,275,662