Can I retire at age 51 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$70,027$69,403$68,795$68,201$67,621$66,283
2 years$34,667$34,021$33,395$32,789$32,200$30,858
3 years$22,882$22,233$21,609$21,008$20,429$19,124
4 years$16,990$16,344$15,726$15,135$14,570$13,313
5 years$13,456$12,814$12,204$11,625$11,076$9,870
6 years$11,101$10,463$9,863$9,297$8,764$7,610
7 years$9,419$8,787$8,196$7,643$7,128$6,026
8 years$8,159$7,532$6,951$6,412$5,913$4,864
9 years$7,179$6,558$5,987$5,461$4,980$3,983
10 years$6,395$5,781$5,219$4,708$4,243$3,297
11 years$5,755$5,146$4,595$4,097$3,649$2,752
12 years$5,221$4,619$4,078$3,594$3,162$2,314
13 years$4,770$4,174$3,643$3,173$2,757$1,956
14 years$4,384$3,794$3,274$2,816$2,417$1,661
15 years$4,049$3,466$2,956$2,512$2,128$1,416
16 years$3,757$3,180$2,680$2,249$1,881$1,211
17 years$3,499$2,929$2,438$2,021$1,668$1,038
18 years$3,270$2,706$2,226$1,821$1,483$892
19 years$3,066$2,508$2,038$1,646$1,322$768
20 years$2,882$2,331$1,870$1,490$1,181$663
21 years$2,716$2,171$1,720$1,353$1,057$572
22 years$2,565$2,026$1,585$1,230$947$495
23 years$2,428$1,895$1,464$1,120$850$428
24 years$2,302$1,776$1,354$1,022$764$371
25 years$2,186$1,667$1,254$933$688$321
26 years$2,080$1,566$1,163$853$619$279
27 years$1,981$1,474$1,080$781$558$242
28 years$1,890$1,389$1,004$715$504$210
29 years$1,805$1,310$934$656$455$183
30 years$1,726$1,237$870$602$411$159
31 years$1,652$1,170$811$553$372$138
32 years$1,583$1,107$757$508$336$120
33 years$1,519$1,048$707$467$304$104
34 years$1,458$993$660$430$275$91
35 years$1,401$942$617$396$250$79
36 years$1,347$894$578$365$226$69
37 years$1,296$849$541$336$205$60
38 years$1,248$807$506$310$186$52
39 years$1,202$768$474$285$168$45
40 years$1,159$730$445$263$153$39
41 years$1,118$695$417$243$139$34
42 years$1,080$662$391$224$126$30
43 years$1,043$631$367$207$114$26
44 years$1,008$601$344$191$104$23
45 years$974$573$323$176$94$20
46 years$942$547$304$163$85$17
47 years$912$522$285$151$78$15
48 years$882$498$268$139$70$13
49 years$855$476$252$129$64$11
50 years$828$455$237$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $848,000, adding $4,991 every year, while hoping to spend $38,380 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: 69/7/24 Blend
50$848,000$848,000$848,000$848,000
51$939,644$894,700$881,556$998,424
52$994,652$897,705$870,252$1,041,432
53$1,053,984$899,570$857,283$1,083,572
54$1,118,041$900,199$842,553$1,128,781
55$1,187,264$899,491$825,961$1,177,361
56$1,262,135$897,337$807,401$1,229,645
57$1,343,187$893,620$786,763$1,286,003
58$1,431,004$888,220$763,932$1,346,840
59$1,526,229$881,005$738,786$1,412,607
60$1,629,568$871,839$711,200$1,483,800
61$1,741,800$860,575$681,041$1,560,966
62$1,863,779$847,058$648,171$1,644,710
63$1,996,446$831,125$612,446$1,735,700
64$2,140,835$812,602$573,715$1,834,671
65$2,298,086$791,306$531,820$1,942,439
66$2,469,452$767,040$486,596$2,059,900
67$2,656,310$739,600$437,872$2,188,046
68$2,860,180$708,767$385,467$2,327,970
69$3,082,733$674,310$329,194$2,480,879
70$3,325,806$635,985$268,856$2,648,105
71$3,591,424$593,535$204,249$2,831,117
72$3,881,817$546,685$135,159$3,031,539
73$4,199,438$495,149$61,362$3,251,158
74$4,546,988$438,619$0$3,491,950
75$4,927,445$376,775$0$3,760,547
76$5,344,082$309,275$0$4,071,957
77$5,800,509$235,760$0$4,413,167
78$6,300,699$155,850$0$4,787,169
79$6,849,026$69,143$0$5,197,261
80$7,450,311$0$0$5,647,075
81$8,109,862$0$0$6,142,524
82$8,833,525$0$0$6,692,025
83$9,627,740$0$0$7,295,149
84$10,499,601$0$0$7,957,288
85$11,456,921$0$0$8,684,383
86$12,508,308$0$0$9,482,979
87$13,663,245$0$0$10,360,285
88$14,932,176$0$0$11,324,242
89$16,326,609$0$0$12,383,600
90$17,859,222$0$0$13,547,997
91$19,543,981$0$0$14,828,053
92$21,396,275$0$0$16,235,467
93$23,433,054$0$0$17,783,127
94$25,672,998$0$0$19,485,236
95$28,136,683$0$0$21,357,440
96$30,846,783$0$0$23,416,976
97$33,828,279$0$0$25,682,839
98$37,108,693$0$0$28,175,956
99$40,718,352$0$0$30,919,385
100$44,690,671$0$0$33,938,532