Can I retire at age 51 with 847,000?

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 $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%17.5%
1 years$69,944$69,321$68,714$68,120$67,541$65,484
2 years$34,626$33,981$33,356$32,750$32,162$30,108
3 years$22,855$22,207$21,584$20,983$20,405$18,417
4 years$16,970$16,325$15,707$15,117$14,553$12,647
5 years$13,440$12,799$12,190$11,612$11,063$9,244
6 years$11,088$10,451$9,851$9,286$8,754$7,023
7 years$9,408$8,777$8,186$7,634$7,119$5,477
8 years$8,149$7,523$6,943$6,404$5,906$4,352
9 years$7,170$6,550$5,980$5,455$4,974$3,505
10 years$6,388$5,774$5,213$4,702$4,238$2,853
11 years$5,748$5,140$4,590$4,092$3,645$2,342
12 years$5,215$4,613$4,073$3,590$3,158$1,934
13 years$4,765$4,169$3,639$3,169$2,754$1,606
14 years$4,379$3,790$3,270$2,813$2,414$1,338
15 years$4,045$3,462$2,952$2,509$2,126$1,120
16 years$3,753$3,176$2,677$2,246$1,879$939
17 years$3,495$2,925$2,436$2,018$1,666$790
18 years$3,267$2,703$2,223$1,819$1,481$665
19 years$3,062$2,505$2,035$1,644$1,320$561
20 years$2,879$2,328$1,868$1,489$1,179$474
21 years$2,713$2,168$1,718$1,351$1,055$401
22 years$2,562$2,024$1,584$1,228$946$340
23 years$2,425$1,893$1,462$1,119$849$288
24 years$2,299$1,774$1,352$1,020$763$244
25 years$2,184$1,665$1,252$932$687$207
26 years$2,077$1,564$1,162$852$619$176
27 years$1,979$1,472$1,079$780$558$149
28 years$1,888$1,387$1,003$715$503$127
29 years$1,803$1,309$933$655$454$108
30 years$1,724$1,236$869$601$411$92
31 years$1,650$1,168$810$552$371$78
32 years$1,581$1,106$756$508$336$66
33 years$1,517$1,047$706$467$304$56
34 years$1,456$992$660$429$275$48
35 years$1,399$941$617$395$249$41
36 years$1,345$893$577$364$226$35
37 years$1,294$848$540$335$205$29
38 years$1,246$806$506$309$186$25
39 years$1,201$767$474$285$168$21
40 years$1,158$730$444$263$153$18
41 years$1,117$694$416$243$138$15
42 years$1,078$661$391$224$126$13
43 years$1,041$630$366$207$114$11
44 years$1,006$601$344$191$103$10
45 years$973$573$323$176$94$8
46 years$941$546$303$163$85$7
47 years$911$521$285$150$77$6
48 years$881$498$268$139$70$5
49 years$854$475$252$128$64$4
50 years$827$454$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $847,000, adding $2,411 every year, while hoping to spend $44,321 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: 56/37/7 Blend
50$847,000$847,000$847,000$847,000
51$935,881$890,990$877,861$986,687
52$984,184$887,491$860,113$1,017,705
53$1,035,928$882,336$840,284$1,046,317
54$1,091,417$875,395$818,258$1,076,393
55$1,150,987$866,534$793,915$1,108,076
56$1,215,002$855,609$767,125$1,141,529
57$1,283,864$842,466$737,756$1,176,931
58$1,358,016$826,945$705,669$1,214,480
59$1,437,943$808,874$670,718$1,254,401
60$1,524,176$788,072$632,750$1,296,940
61$1,617,302$764,347$591,607$1,342,372
62$1,717,962$737,496$547,121$1,391,004
63$1,826,864$707,303$499,120$1,443,176
64$1,944,785$673,541$447,421$1,499,265
65$2,072,579$635,970$391,835$1,559,692
66$2,211,184$594,335$332,164$1,624,924
67$2,361,634$548,367$268,201$1,695,479
68$2,525,065$497,781$199,729$1,771,931
69$2,702,725$442,276$126,524$1,854,919
70$2,895,990$381,535$48,350$1,945,151
71$3,106,373$315,222$0$2,043,413
72$3,335,536$242,981$0$2,153,195
73$3,585,312$164,438$0$2,276,866
74$3,857,716$79,198$0$2,411,903
75$4,154,967$0$0$2,559,511
76$4,479,505$0$0$2,726,385
77$4,834,020$0$0$2,943,965
78$5,221,470$0$0$3,181,833
79$5,645,112$0$0$3,441,998
80$6,108,534$0$0$3,726,671
81$6,615,685$0$0$4,038,288
82$7,170,914$0$0$4,379,533
83$7,779,010$0$0$4,753,360
84$8,445,247$0$0$5,163,020
85$9,175,432$0$0$5,612,098
86$9,975,963$0$0$6,104,538
87$10,853,884$0$0$6,644,688
88$11,816,954$0$0$7,237,334
89$12,873,720$0$0$7,887,749
90$14,033,598$0$0$8,601,740
91$15,306,955$0$0$9,385,706
92$16,705,216$0$0$10,246,695
93$18,240,963$0$0$11,192,469
94$19,928,059$0$0$12,231,581
95$21,781,774$0$0$13,373,453
96$23,818,930$0$0$14,628,465
97$26,058,063$0$0$16,008,052
98$28,519,589$0$0$17,524,813
99$31,226,005$0$0$19,192,627
100$34,202,093$0$0$21,026,788