Can I retire at age 51 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$69,944$69,321$68,714$68,120$67,541$66,395
2 years$34,626$33,981$33,356$32,750$32,162$31,011
3 years$22,855$22,207$21,584$20,983$20,405$19,285
4 years$16,970$16,325$15,707$15,117$14,553$13,472
5 years$13,440$12,799$12,190$11,612$11,063$10,025
6 years$11,088$10,451$9,851$9,286$8,754$7,759
7 years$9,408$8,777$8,186$7,634$7,119$6,168
8 years$8,149$7,523$6,943$6,404$5,906$4,999
9 years$7,170$6,550$5,980$5,455$4,974$4,110
10 years$6,388$5,774$5,213$4,702$4,238$3,417
11 years$5,748$5,140$4,590$4,092$3,645$2,865
12 years$5,215$4,613$4,073$3,590$3,158$2,420
13 years$4,765$4,169$3,639$3,169$2,754$2,055
14 years$4,379$3,790$3,270$2,813$2,414$1,754
15 years$4,045$3,462$2,952$2,509$2,126$1,502
16 years$3,753$3,176$2,677$2,246$1,879$1,291
17 years$3,495$2,925$2,436$2,018$1,666$1,112
18 years$3,267$2,703$2,223$1,819$1,481$961
19 years$3,062$2,505$2,035$1,644$1,320$832
20 years$2,879$2,328$1,868$1,489$1,179$721
21 years$2,713$2,168$1,718$1,351$1,055$626
22 years$2,562$2,024$1,584$1,228$946$544
23 years$2,425$1,893$1,462$1,119$849$473
24 years$2,299$1,774$1,352$1,020$763$412
25 years$2,184$1,665$1,252$932$687$359
26 years$2,077$1,564$1,162$852$619$313
27 years$1,979$1,472$1,079$780$558$274
28 years$1,888$1,387$1,003$715$503$239
29 years$1,803$1,309$933$655$454$209
30 years$1,724$1,236$869$601$411$182
31 years$1,650$1,168$810$552$371$160
32 years$1,581$1,106$756$508$336$140
33 years$1,517$1,047$706$467$304$122
34 years$1,456$992$660$429$275$107
35 years$1,399$941$617$395$249$93
36 years$1,345$893$577$364$226$82
37 years$1,294$848$540$335$205$72
38 years$1,246$806$506$309$186$63
39 years$1,201$767$474$285$168$55
40 years$1,158$730$444$263$153$48
41 years$1,117$694$416$243$138$42
42 years$1,078$661$391$224$126$37
43 years$1,041$630$366$207$114$32
44 years$1,006$601$344$191$103$28
45 years$973$573$323$176$94$25
46 years$941$546$303$163$85$22
47 years$911$521$285$150$77$19
48 years$881$498$268$139$70$17
49 years$854$475$252$128$64$15
50 years$827$454$237$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $847,000, adding $6,031 every year, while hoping to spend $46,450 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: 29/46/25 Blend
50$847,000$847,000$847,000$847,000
51$939,615$894,724$881,595$959,428
52$986,033$889,143$861,706$969,797
53$1,035,629$881,732$839,594$976,451
54$1,088,679$872,352$815,136$982,656
55$1,145,482$860,855$788,201$988,403
56$1,206,371$847,087$758,656$993,688
57$1,271,709$830,882$726,358$998,510
58$1,341,892$812,064$691,161$1,002,875
59$1,417,360$790,450$652,909$1,006,794
60$1,498,590$765,842$611,441$1,010,282
61$1,586,111$738,033$566,589$1,013,365
62$1,680,501$706,803$518,177$1,016,076
63$1,782,396$671,920$466,020$1,018,460
64$1,892,495$633,139$409,925$1,020,571
65$2,011,565$590,198$349,693$1,022,476
66$2,140,450$542,823$285,114$1,024,260
67$2,280,078$490,724$215,967$1,026,022
68$2,431,469$433,592$142,025$1,027,881
69$2,595,745$371,104$63,049$1,029,977
70$2,774,140$302,917$0$1,032,474
71$2,968,010$228,668$0$1,041,228
72$3,178,848$147,974$0$1,069,115
73$3,408,297$60,431$0$1,099,626
74$3,658,164$0$0$1,133,134
75$3,930,437$0$0$1,187,462
76$4,227,305$0$0$1,280,174
77$4,551,177$0$0$1,381,447
78$4,904,703$0$0$1,492,127
79$5,290,802$0$0$1,613,143
80$5,712,686$0$0$1,745,522
81$6,173,892$0$0$1,890,390
82$6,678,315$0$0$2,048,989
83$7,230,241$0$0$2,222,688
84$7,834,392$0$0$2,412,992
85$8,495,966$0$0$2,621,560
86$9,220,689$0$0$2,850,219
87$10,014,865$0$0$3,100,981
88$10,885,437$0$0$3,376,062
89$11,840,052$0$0$3,677,903
90$12,887,134$0$0$4,009,192
91$14,035,959$0$0$4,372,892
92$15,296,746$0$0$4,772,263
93$16,680,750$0$0$5,210,901
94$18,200,371$0$0$5,692,763
95$19,869,266$0$0$6,222,212
96$21,702,480$0$0$6,804,051
97$23,716,589$0$0$7,443,573
98$25,929,851$0$0$8,146,611
99$28,362,382$0$0$8,919,587
100$31,036,343$0$0$9,769,581